Western Alliance Bancorporation Reports Second Quarter 2026 Financial Results

Western Alliance Bancorporation (NYSE:WAL): SECOND QUARTER 2026 FINANCIAL RESULTS Quarter Highlights: Net income Diluted earnings per share PPNR1 Net interest margin Efficiency ratio1 Book value per common share $268.8 million $2.36 $412.4 million 3.53% 58.0% $69.11 48.9%, adjusted for deposit costs1 $63.24, excluding goodwill and intangibles1 CEO COMMENTARY: "Western Alliance generated solid financial results in the second quarter, highlighted by strong, pre-provision net revenue1, diversified and robust loan growth, the launch of our deposit optimization strategy, and stable asset quality," said Kenneth A. Vecchione, Chairman, President and Chief Executive Officer. "Earnings per share of $2.36, rose 6.3% from an adjusted EPS2 of $2.22 in the prior quarter. Our results were driven by quarterly HFI loan growth of $1.8 billion, which reflected ongoing momentum in our C&I businesses. Net interest income rose 4% from the prior quarter, primarily from a $2.7 billion increase in