Western Alliance Bancorporation Reports First Quarter 2026 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 $189.2 million $1.65 $444.5 million 3.54% 55.8% $67.03 $251.3 million, as adjusted1 $2.22, as adjusted1 $394.0 million, as adjusted1 47.5%, adjusted for deposit costs1 $61.14, excluding goodwill and intangibles1 CEO COMMENTARY: Western Alliance achieved solid first quarter results featuring robust deposit growth, net interest margin expansion, and core earnings momentum, while taking decisive action to resolve two fraud-related credits, partially offset by gains from a series of well-executed security sales,” said Kenneth A. Vecchione, President and Chief Executive Officer. “Continued business strength drove quarterly loan and deposit growth