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Western Alliance (WAL)
NYSE:WAL
Earnings Data
Report Date
Apr 16, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
2.2Last Year’s EPS
1.79Same Quarter Last Year
Strong Buy
Based on 12 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a strong operational and financial performance for FY2025 with multiple record metrics (NII, net revenue, PPNR, EPS), robust loan and deposit growth, meaningful operating leverage, and clear strategic momentum across specialty businesses. Management acknowledged and is proactively addressing credit work-throughs and nonaccruals, which may drive elevated charge-offs in early 2026 but are expected to improve by midyear. The 2026 outlook assumes modest rate relief and continued organic growth; key risks include timing of nonaccrual resolutions, sensitivity to rate cuts for deposit-cost relief, and lumpy fee income from settlements. Overall, the positives materially outweigh the near-term challenges.Company Guidance
Record Full-Year Revenue and NII
Recorded net interest income of $2.9B and net revenue of $3.5B for FY2025; pre-provision net revenue (PPNR) of $1.4B. Net revenue rose 12% YoY and PPNR increased 26% YoY.
Strong EPS and Shareholder Returns
Full-year net income available to common shareholders $956M and EPS $8.73 (FY2025). Quarterly EPS was $2.59 (Q4), up 33% YoY. Tangible book value per share rose 17% YoY to $61.29; tangible book value increased $2.73 from Sept 30.
Robust Loan and Deposit Growth
Held-for-investment loans grew $5.0B (9%) for the year and $2.0B in Q4. Deposits increased $10.8B (16%) for FY2025, exceeding prior guidance by ~$2.5B; Q4 regional banking deposits +$1.4B, specialty escrow +$850M, HOA +$400M.
Operating Leverage and Expense Control
Noninterest expense growth slowed to 4% for the year and only ~1% QoQ in Q4; net revenue growth outpaced noninterest expense growth by ~4x in 2025. Q4 efficiency ratio 55.7% (adjusted 46.5%), each down ~5 points YoY.
Noninterest Income Momentum
Noninterest income rose 25% YoY (driven by commercial banking and disbursement fees) and increased ~14% QoQ in Q4 to ~$215M. Service charges and fees increased 77% in 2025.
Quarterly NII and Margin Stability
Q4 net interest income $766M, up $16M (8% on a linked quarter annualized basis). Net interest margin remained relatively stable at 3.51% (2 bps compression QoQ).
Capital and Liquidity Actions
Issued $400M subordinated debt in November; total capital ~14.5%. CET1 at target ~11%; tangible common equity / tangible assets ~7.3%. Repurchased >0.8M shares to date, $68M used of $300M authorization; Q4 repurchases $57.5M.
Notable Business Wins and Platform Expansion
Juris/disbursement platform completed first round of >$17M digital payments for the Facebook/Cambridge Analytica settlement; digital disbursements and treasury management cross-sells driving fee growth. Specialty lines (HOA, Juris, digital assets, trust) expected to grow faster than bank average.
Constructive 2026 Outlook
Management guidance: loan growth $6B, deposit growth $8B, net interest income growth 11%–14% (assuming two 25 bps cuts), noninterest income +2%–4%, operating expense +2%–7%, deposit cost savings $535M–$585M, and net charge-offs 25–35 bps.
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 |
|---|---|---|---|
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% |
Apr 21, 2025 | $63.65 | $64.10 | +0.71% |
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 Apr 16, 2026, After Close (Confirmed).
What is Western Alliance (WAL) earnings time?
Western Alliance (WAL) earnings time is at Apr 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 (Q1) is 2.2.
