Western Alliance Beats on Q3 EPS but Trims 2026 Deposit and Loan Growth Outlook
WAL sits 17% above its 52-week low of $65.815.
Summary
Western Alliance posted Q3 EPS of $2.45, up 7.5% year-over-year, on net income of $277.2M and revenue of $1.014B. Net interest income came in at $807.6M with a 3.57% net interest margin, up 10 bps as the bank reallocated $3.0B of deposits in the quarter. Asset quality improved: nonaccrual loans fell 14% to $485M (0.79% of funded HFI loans) with 118% coverage, and net charge-offs were $46M. The offset is guidance — management cut 2026 deposit growth to $3.5–$4.0B and loans by roughly $1B, while raising NII growth to 11–12% and non-interest income to 18–21%, with Q4 mortgage revenue around $70M. The trade-off is slower balance-sheet growth against better margins and credit, which is why the stock reaction is likely to hinge on whether the deposit-cost relief continues into Q4.
At the time of this announcement, WAL was trading at $77.00 on NYSE in the Finance sector, with a market capitalization of approximately $8.3B. The 52-week trading range was $65.82 to $97.23. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Wiseek News.