---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-026302"
form_type: "8-K"
ticker: "WAL"
cik: "0001212545"
company_name: "WESTERN ALLIANCE BANCORPORATION"
filed_at: "2026-04-21T23:59:59+00:00"
generated_at: "2026-05-15T05:03:50.122263+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-26-026302
- form_type: 8-K
- ticker: WAL
- cik: 0001212545
- company_name: WESTERN ALLIANCE BANCORPORATION
- filed_at: 2026-04-21T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1212545/000162828026026302/0001628280-26-026302-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1212545/000162828026026302/wal-20260421.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-026302
- JSON: https://secwatch.observer/filing/0001628280-26-026302.json
- Plain text: https://secwatch.observer/filing/0001628280-26-026302.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1212545/000162828026026302/0001628280-26-026302-index.htm

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