WESTERN ALLIANCE BANCORPORATION
For the period ended Jun 30, 2026. Filed Jul 31, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2026 · Filed Jul 31, 2026
WAL$76.30-1.2%Stored close · as of Nov 10, 2026
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Consolidated Income Statements
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| (in millions, except per share amounts) | ||||
| Interest income: | ||||
| Loans, including fees | $941.5 | $914.3 | $1,857.2 | $1,795.3 |
| Investment securities | 243.0 | 199.7 | 461.6 | 365.5 |
| Dividends and other | 47.4 | 40.4 | 101.3 | 89.2 |
| Total interest income | 1,231.9 | 1,154.4 | 2,420.1 | 2,250.0 |
| Interest expense: | ||||
| Deposits | 370.5 | 377.8 | 731.2 | 756.1 |
| Qualifying debt | 13.8 | 8.2 | 26.9 | 17.5 |
| Other borrowings | 50.7 | 70.8 | 98.8 | 128.2 |
| Total interest expense | 435.0 | 456.8 | 856.9 | 901.8 |
| Net interest income | 796.9 | 697.6 | 1,563.2 | 1,348.2 |
| Provision for credit losses | 80.4 | 39.9 | 293.6 | 71.1 |
| Net interest income after provision for credit losses | 716.5 | 657.7 | 1,269.6 | 1,277.1 |
| Non-interest income: | ||||
| Service charges and fees | 63.1 | 39.7 | 151.6 | 80.2 |
| Net gain on mortgage loan origination and sale activities | 53.4 | 39.4 | 126.1 | 88.9 |
| Net loan servicing revenue | 31.3 | 38.3 | 30.0 | 60.1 |
| Income from bank owned life insurance | 10.8 | 11.0 | 21.5 | 22.4 |
| Gain on sales of investment securities | 3.0 | 11.4 | 53.5 | 13.5 |
| Fair value gain adjustments, net | 12.8 | 0.1 | 15.9 | 1.1 |
| Income (loss) from equity investments | 11.9 | 2.9 | 25.2 | (1.9) |
| Other income | 12.5 | 5.5 | 27.6 | 11.4 |
| Total non-interest income | 198.8 | 148.3 | 451.4 | 275.7 |
| Non-interest expense: | ||||
| Salaries and employee benefits | 204.3 | 179.9 | 409.8 | 362.3 |
| Deposit costs | 179.2 | 147.4 | 342.5 | 284.2 |
| Data processing | 52.1 | 45.0 | 105.2 | 90.2 |
| Legal, professional, and directors' fees | 32.8 | 25.3 | 63.4 | 54.2 |
| Insurance | 28.3 | 37.4 | 53.0 | 75.3 |
| Occupancy | 21.1 | 16.9 | 40.3 | 34.1 |
| Loan servicing expenses | 17.6 | 20.1 | 34.3 | 36.5 |
| Loan acquisition and origination expenses | 8.8 | 5.8 | 16.7 | 11.0 |
| Business development and marketing | 8.3 | 6.1 | 17.8 | 12.0 |
| Other expense | 30.8 | 30.8 | 74.7 | 55.3 |
| Total non-interest expense | 583.3 | 514.7 | 1,157.7 | 1,015.1 |
| Income before provision for income taxes | 332.0 | 291.3 | 563.3 | 537.7 |
| Income tax expense | 63.2 | 53.5 | 105.3 | 100.8 |
| Net income | 268.8 | 237.8 | 458.0 | 436.9 |
| Net income attributable to noncontrolling interest | 7.1 | 7.4 | 14.2 | 7.4 |
| Net income attributable to Western Alliance | 261.7 | 230.4 | 443.8 | 429.5 |
| Dividends on preferred stock | 3.2 | 3.2 | 6.4 | 6.4 |
| Net income available to common stockholders | $258.5 | $227.2 | $437.4 | $423.1 |
| Earnings per share: | ||||
| Basic | $2.37 | $2.08 | $4.00 | $3.89 |
| Diluted | 2.36 | 2.07 | 3.99 | 3.86 |
| Weighted average number of common shares outstanding: | ||||
| Basic | 107.8 | 109.0 | 108.0 | 108.9 |
| Diluted | 108.0 | 109.6 | 108.1 | 109.6 |
| Dividends declared per common share | $0.42 | $0.38 | $0.84 | $0.76 |
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