Western Alliance Bancorporation Reports Fourth Quarter and Full Year 2025 Financial Results

Western Alliance Bancorporation (NYSE:WAL): Quarter Highlights: Net income Earnings per share PPNR1 Net interest margin Efficiency ratio1 Book value per common share $293.2 million $2.59 $428.7 million 3.51% 55.7% $67.20 46.5%1, adjusted for deposit costs $61.291, excluding goodwill and intangibles CEO COMMENTARY: “Western Alliance delivered exceptional results to close out 2025, highlighted by record net interest income, revenues, and PPNR¹. Outstanding loan and deposit growth, gathering strength in commercial banking non-interest income, improved efficiency, and a steady net interest margin were key factors behind our solid operating leverage and strong financial performance. These results position us to sustain a strong earnings trajectory in 2026," said Kenneth A. Vecchione, President and Chief