secwatch.observer — SEC 8-K summary
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Issuer:     WESTERN ALLIANCE BANCORPORATION (WAL)
CIK:        0001212545
Form:       8-K
Filed at:   2026-04-21T23:59:59+00:00
Accession:  0001628280-26-026302
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1212545/000162828026026302/0001628280-26-026302-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1212545/000162828026026302/wal-20260421.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-026302

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