Western Alliance (WAL)
NYSE:WAL
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Earnings Data
Report Date
Jul 16, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
2.43Last Year’s EPS
2.07Same Quarter Last Year
Moderate Buy
Based on 12 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong underlying franchise momentum: robust deposit and loan growth, solid NII and PPNR expansion, improved efficiency, stable core asset quality excluding two material fraud-related charge-offs, and management confidence reflected in opportunistic buybacks and reiterated 2026 targets. The primary negatives were the sizeable one-time fraud-related charge-offs (LAM and Cantor Group 5) that reduced reported earnings and remain subject to uncertain recoveries, some mortgage volatility from March rate moves, and near-term pressure from higher deposit cost assumptions given removed rate-cut expectations. Overall, management framed the disruptions as largely behind them and provided an outlook showing revenue and margin tailwinds, leading to a favorable near-to-medium-term operating view.Company Guidance
Exceptional Deposit Growth
Quarterly deposit inflows of $5.6 billion (Q1), putting the company well on pace toward the $8 billion 2026 deposit growth target and providing flexibility to optimize funding and lower funding costs.
Net Interest Income and Margin Expansion
Net interest income of $766 million was stable versus Q4 and up ~18% year-over-year; net interest margin expanded 3 basis points sequentially to 3.54% helped by a 21-basis-point decline in interest-bearing deposit costs.
Loan Growth Momentum
Total loans grew $903 million in the quarter; HFI loans increased 3.2% linked-quarter annualized and 8% year-over-year, driven by C&I and regional banking (homebuilder finance).
Strong Core Earnings and Profitability
Adjusted EPS of $2.22 (ex-fraud items), up 24% versus prior-year reported EPS; adjusted return on average assets 1.0% and return on average tangible common equity 14.2%.
Pre-Provision Net Revenue and Revenue Trends
Adjusted pre-provision net revenue of $394 million, up 42% year-over-year; noninterest income increased ~18% sequentially to ~$253 million (though part of this included securities gains). Net interest income growth now guided to 11–14% (expecting to trend to upper end).
Capital and Capital Return Activity
CET1 ratio remained at the targeted 11%; tangible book value per share up 13% year-over-year (18% CAGR since 2015). Opportunistic repurchases: 700,000 shares repurchased in Q1 (program-to-date 1.6M shares / $120.4M at avg $76.55), signaling management conviction in franchise value.
Asset Quality Stabilization
Core asset quality excluding fraud-related charge-offs showed improvement: classified assets down to 1.08% of total assets (declined 9 bps sequentially / 36 bps year-over-year), nonperforming loans and OREO declined 7 bps quarter-over-quarter, and ACL coverage of NPLs rose to 105% from 102%.
Operational Efficiency Improvements
Efficiency ratio improved: reported efficiency ratio 56% with adjusted efficiency ratio 48%, each approximately 8 percentage points better year-over-year, reflecting strong operating leverage as revenue growth outpaced expense growth.
WAL Earnings History
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 |
|---|---|---|---|
Apr 21, 2026 | $77.83 | $78.37 | +0.69% |
Jan 27, 2026 | $88.01 | $89.04 | +1.16% |
Oct 22, 2025 | $77.95 | $76.33 | -2.07% |
Jul 17, 2025 | $83.40 | $80.08 | -3.98% |
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.
FAQ
When does Western Alliance (WAL) report earnings?
Western Alliance (WAL) is schdueled to report earning on Jul 16, 2026, After Close (Confirmed).
What is Western Alliance (WAL) earnings time?
Western Alliance (WAL) earnings time is at Jul 16, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is WAL EPS forecast?
WAL EPS forecast for the fiscal quarter 2026 (Q2) is 2.43.
