Western Alliance Q1 net income $189.2M; adjusted EPS $2.22; deposits +$5.6B

WESTERN ALLIANCE BANCORPORATION

2026-Q1 EPS reported $1.65 revenue$67,200,000

Net income $189.2M ($1.65 EPS); adjusted EPS $2.22 excluding $0.57 of notable items.
NIM expanded 3 bps to 3.54%; cost of interest-bearing deposits fell 21 bps linked-quarter.
Deposits grew $5.6B and loans $465M; tangible book value per share $61.14 (+13% YoY).
Recorded $126.4M Leucadia and $26.1M Cantor fraud charge-offs; offset by $50.5M security gains.
CET1 ratio stable at 11.0%; completed $50M quarterly share repurchases.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

WESTERN ALLIANCE BANCORPORATION reported the fiscal quarter ended March 31, 2026 results: net income $189.2 million, EPS $1.65.

Period: the fiscal quarter ended March 31, 2026
Net income: $189.2 million
EPS: $1.65
Result: reported results

Exact text from the filing

21, 2026 FIRST QUARTER 2026 FINANCIAL RESULTS Quarter Highlights: Net income Earnings per share PPNR 1 Net interest margin Efficiency ratio 1 Book value per common share $189.2 million $1.65 $444.5 million 3.54% 55.8% $67.03 $251.3 million, as adjusted 1 $2.22, as adjusted 1 $394.0 million, as adjusted 1 47.5%, adjusted for deposit costs 1 $61.14, excluding

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Source: SEC EDGAR

accession 0001628280-26-026302

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