WESTERN ALLIANCE BANCORPORATION
For the period ended Sep 30, 2026. Filed Oct 30, 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.
Sep 30, 2026 · Filed Oct 30, 2026
WAL$77.20+2.2%Stored close · as of Nov 9, 2026
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Consolidated Income Statements
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| (in millions, except per share amounts) | ||||
| Interest income: | ||||
| Loans, including fees | $981.5 | $948.3 | $2,838.7 | $2,743.6 |
| Investment securities | 238.3 | 230.0 | 699.9 | 595.5 |
| Dividends and other | 37.5 | 47.2 | 138.8 | 136.4 |
| Total interest income | 1,257.3 | 1,225.5 | 3,677.4 | 3,475.5 |
| Interest expense: | ||||
| Deposits | 382.5 | 398.2 | 1,113.7 | 1,154.3 |
| Other borrowings | 49.8 | 70.6 | 148.6 | 198.8 |
| Qualifying debt | 17.4 | 6.3 | 44.3 | 23.8 |
| Total interest expense | 449.7 | 475.1 | 1,306.6 | 1,376.9 |
| Net interest income | 807.6 | 750.4 | 2,370.8 | 2,098.6 |
| Provision for credit losses | 80.0 | 80.0 | 373.6 | 151.1 |
| Net interest income after provision for credit losses | 727.6 | 670.4 | 1,997.2 | 1,947.5 |
| Non-interest income: | ||||
| Commercial banking income and related fees | 78.7 | 52.4 | 248.2 | 139.5 |
| Net gain on mortgage loan origination and sale activities | 55.7 | 75.5 | 181.8 | 164.4 |
| Net loan servicing revenue | 23.8 | 19.1 | 53.8 | 79.2 |
| Gain on sales of investment securities | 16.8 | 8.5 | 70.3 | 22.0 |
| Income from bank owned life insurance | 12.9 | 11.8 | 34.4 | 34.2 |
| Income from equity investments | 7.8 | 7.8 | 33.0 | 5.9 |
| Fair value gain (loss) adjustments, net | 0.5 | 2.9 | 8.4 | (0.7) |
| Other income | 10.4 | 9.8 | 28.1 | 19.0 |
| Total non-interest income | 206.6 | 187.8 | 658.0 | 463.5 |
| Non-interest expense: | ||||
| Salaries and employee benefits | 226.1 | 193.5 | 635.9 | 555.8 |
| Deposit costs | 165.4 | 175.1 | 507.9 | 459.3 |
| Data processing | 55.8 | 48.1 | 161.0 | 138.3 |
| Legal, professional, and directors' fees | 34.4 | 28.1 | 97.8 | 82.3 |
| Insurance | 25.5 | 24.5 | 78.5 | 99.8 |
| Occupancy | 22.4 | 16.8 | 62.7 | 50.9 |
| Loan servicing expenses | 17.0 | 15.0 | 51.3 | 51.5 |
| Business development and marketing | 10.2 | 5.6 | 28.0 | 17.6 |
| Loan acquisition and origination expenses | 8.5 | 7.3 | 25.2 | 18.3 |
| Other expense | 29.8 | 30.4 | 104.5 | 85.7 |
| Total non-interest expense | 595.1 | 544.4 | 1,752.8 | 1,559.5 |
| Income before provision for income taxes | 339.1 | 313.8 | 902.4 | 851.5 |
| Income tax expense | 61.9 | 53.3 | 167.2 | 154.1 |
| Net income | 277.2 | 260.5 | 735.2 | 697.4 |
| Net income attributable to noncontrolling interest | 7.1 | 7.1 | 21.3 | 14.5 |
| Net income attributable to Western Alliance | 270.1 | 253.4 | 713.9 | 682.9 |
| Dividends on preferred stock | 3.2 | 3.2 | 9.6 | 9.6 |
| Net income available to common stockholders | $266.9 | $250.2 | $704.3 | $673.3 |
| Earnings per share: | ||||
| Basic | $2.45 | $2.30 | $6.45 | $6.18 |
| Diluted | 2.45 | 2.28 | 6.43 | 6.14 |
| Weighted average number of common shares outstanding: | ||||
| Basic | 107.4 | 109.0 | 107.8 | 108.9 |
| Diluted | 107.8 | 109.8 | 108.1 | 109.6 |
| Dividends declared per common share | $0.42 | $0.38 | $1.26 | $1.14 |
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