Business · Companies · 1 hr ago
Western Alliance reports $227 million profit in third quarter
Western Alliance reported $227 million in net income for the third quarter of 2026, its holding company said.
Diluted earnings were $2.45 per share, above analysts’ estimate of $2.42 and the $2.28 recorded a year earlier.
Revenue reached $1.01 billion, topping analysts’ estimate of $988 million.
The Phoenix-based regional bank said total deposits remained steady at $81.8 billion, as commercial deposit growth offset other changes.
Net interest revenue rose 7.6% to $807.6 million, helped by higher average balances in interest-earning assets and lower rates paid on interest-bearing liabilities.
The company also reported improved asset quality and higher reserve coverage, while its shares were unchanged in after-hours trading.
Western Alliance reported net income of $227 million in the third quarter of 2026.
Diluted earnings per share were $2.45, above analysts’ forecast of $2.42.
Revenue was $1.01 billion, exceeding analysts’ forecast of $988 million.
Total deposits remained steady at $81.8 billion, as growth in commercial bank deposits offset optimization activity.
Net interest income rose 7.6% year over year to $807.6 million.
- Who
- Western Alliance, a regional bank holding company.
- What
- It reported third-quarter net income of $227 million.
- When
- The third quarter of 2026.
- Where
- Phoenix, Arizona, where the company is headquartered.
- Why
- Higher average balances in interest-earning assets and lower rates on interest-bearing liabilities helped lift net interest income.
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- Net income
- $227 million
- Diluted earnings per share
- $2.45
- Revenue
- $1.01 billion
- Total deposits
- $81.8 billion
- Net interest income
- $807.6 million, up 7.6% year over year
What people are saying
Western Alliance’s third-quarter results showed higher profitability, lower deposit costs, improved asset quality and greater reserve coverage, as well as accelerated share repurchase activity.