Western Alliance Bancorporation (NYSE: WAL) reported third-quarter 2026 net income of $277.2 million, up 3.1% from the prior quarter and 6.4% from a year earlier. Diluted earnings per common share were $2.45, compared with $2.36 in the second quarter and $2.28 a year earlier.
Net revenue totaled $1.0 billion, increasing 1.9% sequentially and 8.1% year over year. Net interest income rose to $807.6 million, while total deposits were $81.8 billion at September 30, 2026.
- Net interest margin was 3.57%, up from 3.53% in both the prior quarter and prior-year quarter.
- HFI loans totaled $61.5 billion, up $600 million from June 30 and $4.9 billion from a year earlier.
- Nonaccrual loans declined $77 million during the quarter to $485 million.
- The company repurchased $92.1 million of shares, or 1.15 million shares, at an average price of $79.78 per share.
- Total equity was $7.9 billion at September 30, 2026.
