The earnings call reflects a strong financial quarter for Western Alliance Bancorporation, with significant loan and deposit growth, improved profitability metrics, and positive asset quality trends. Despite some increases in noninterest expenses and provisions, the overall performance and outlook updates are positive.

Company Guidance -

Q3 2025

In the second quarter of 2025, Western Alliance Bancorporation exceeded expectations with robust financial performance driven by strong momentum across various metrics. The bank achieved over $1 billion in sequential loan growth for the second consecutive quarter, supported by nearly $2 billion in quarterly deposit growth. Net interest margin improved by 6 basis points to over 3.5%, benefiting from average earning asset growth and CD repricing. Asset quality showed resilience, with criticized loans decreasing by $118 million from Q1, while other real estate owned increased by $167 million due to strategic repossessions. The bank's liquidity and capital base remained strong, with a return on average tangible common equity of 14.9% and return on average assets of 1.1%. Looking ahead, Western Alliance reiterated its 2025 guidance, forecasting $5 billion in loan growth and $8 billion in deposit growth, alongside 8% to 10% growth in net interest income and noninterest income for the year.

Strong Loan and Deposit Growth

Western Alliance reported over $1 billion of sequential loan growth for the second straight quarter, funded by nearly $2 billion of quarterly deposit growth.

Net Interest Margin Improvement

Net interest margin rose 6 basis points sequentially, rebounding back above 3.5% due to robust average earning asset growth and CD repricing.

Increased Profitability Metrics

Return on average tangible common equity was 14.9% and return on average assets was 1.1%, both notably higher from the previous quarter.

Strong Financial Results

Net interest income grew 7.2% quarter-over-quarter, and noninterest income rose 16.4% quarter-over-quarter.

Positive Asset Quality Trends

Criticized loans declined by $118 million, and other real estate owned increased with a positive impact on financial results.

Updated Growth Projections

The company raised its net interest income outlook to 8% to 10% growth and noninterest income outlook to 8% to 10% growth.

Western Alliance (WAL) Earnings, Revenues Date & History

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WAL Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 16, 2025	2025 (Q3)	2.11 / -	1.8	―	―	―
Jul 17, 2025	2025 (Q2)	2.02 / 2.07	1.75	18.29% (+0.32)
Apr 21, 2025	2025 (Q1)	1.78 / 1.79	1.6	11.87% (+0.19)
Jan 27, 2025	2024 (Q4)	1.90 / 1.95	1.33	46.62% (+0.62)
Oct 17, 2024	2024 (Q3)	1.89 / 1.80	1.97	-8.63% (-0.17)
Jul 18, 2024	2024 (Q2)	1.71 / 1.75	1.96	-10.71% (-0.21)
Apr 18, 2024	2024 (Q1)	1.64 / 1.60	1.28	25.00% (+0.32)
Jan 25, 2024	2023 (Q4)	1.68 / 1.33	2.67	-50.19% (-1.34)
Oct 19, 2023	2023 (Q3)	1.91 / 1.97	2.42	-18.60% (-0.45)
Jul 18, 2023	2023 (Q2)	1.97 / 1.96	2.39	-17.99% (-0.43)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

WAL Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 17, 2025	$84.23	$80.88	-3.98%
Apr 21, 2025	$64.28	$64.74	+0.72%
Jan 27, 2025	$92.73	$87.96	-5.14%
Oct 17, 2024	$92.27	$84.02	-8.94%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.