---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-003507"
form_type: "8-K"
ticker: "WAL"
cik: "0001212545"
company_name: "WESTERN ALLIANCE BANCORPORATION"
filed_at: "2026-01-27T23:59:59+00:00"
generated_at: "2026-05-16T07:27:04.913049+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Western Alliance Q4 net income $293M, EPS $2.59, PPNR $429M; record revenues

## Summary
- Q4 net income $293.2M ($2.59 EPS), up 12.6% QoQ; FY net income $990.6M ($8.73 EPS), up 25.8% YoY.
- Q4 pre-provision net revenue $428.7M (+$34.9M QoQ); full year PPNR $1.4B (+25.9% YoY).
- Net interest margin 3.51% (down 2bp QoQ); efficiency ratio 55.7% improved from 57.4%.
- HFI loans grew $2.0B in Q4 to $58.7B; total deposits $77.2B; loan-to-deposit ratio 76.0%.
- Tangible book value per share $61.29, up 17.3% YoY; CET1 ratio 11.0%; share repurchases $57.5M in Q4.

## SEC filing metadata
- accession: 0001628280-26-003507
- form_type: 8-K
- ticker: WAL
- cik: 0001212545
- company_name: WESTERN ALLIANCE BANCORPORATION
- filed_at: 2026-01-27T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1212545/000162828026003507/0001628280-26-003507-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1212545/000162828026003507/wal-20260126.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-003507
- JSON: https://secwatch.observer/filing/0001628280-26-003507.json
- Plain text: https://secwatch.observer/filing/0001628280-26-003507.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.