The earnings call highlighted strong financial performance, including significant loan and deposit growth, improved margins, and enhanced profitability metrics. However, challenges remain with higher noninterest expenses, increased other real estate owned, and provision expenses. Overall, the sentiment is cautiously optimistic with a focus on maintaining growth momentum while managing risks.

Company Guidance -

Q3 2025

In the second quarter of 2025, Western Alliance Bancorporation reported robust financial performance, with several key metrics showing improvement. The company delivered sequential loan growth exceeding $1 billion for the second straight quarter, funded by nearly $2 billion in quarterly deposit growth. The net interest margin increased by 6 basis points sequentially, rebounding to over 3.5%, aided by robust average earning asset growth and favorable CD repricing. Asset quality remained stable, with criticized loans declining by $118 million from the previous quarter. The company also took possession of office properties worth $167 million, aiming to accelerate credit resolution and capitalize on improving leasing trends. Return on average tangible common equity reached 14.9%, and return on average assets was 1.1%, both higher than the previous quarter. Western Alliance maintained its loan and deposit growth outlook of $5 billion and $8 billion, respectively, for the year, while revising its net interest income growth forecast to 8-10% due to anticipated rate cuts later in the year.

Strong Loan and Deposit Growth

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

Improved Net Interest Margin

Net interest margin increased by 6 basis points sequentially, rebounding above 3.5% due to robust asset growth and CD repricing.

Enhanced Profitability Metrics

Return on average tangible common equity reached 14.9%, and return on average assets rose to 1.1%, both notably higher from Q1.

Notable Increase in Noninterest Income

Noninterest income grew 16.4% quarter-over-quarter to $148 million, driven by a 25% increase in mortgage loan production volume.

Asset Quality Improvement

Criticized loans declined by $118 million from Q1, and other real estate owned increased by $167 million, with potential for value creation.

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	$84.61	$81.24	-3.98%
Apr 21, 2025	$64.57	$65.03	+0.71%
Jan 27, 2025	$93.15	$88.36	-5.14%
Oct 17, 2024	$92.68	$84.40	-8.93%

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.