Earnings summaries and quarterly performance for WESTERN ALLIANCE BANCORPORATION.
Executive leadership at WESTERN ALLIANCE BANCORPORATION.
Kenneth Vecchione
Detailed
President and Chief Executive Officer
CEO
BK
Barbara Kennedy
Chief Human Resources Officer
DG
Dale Gibbons
Vice Chair and Chief Financial Officer
EN
Emily Nachlas
Chief Risk Officer
JJ
Jessica Jarvi
Chief Legal Officer
LH
Lynne Herndon
Chief Credit Officer
SC
Stephen Curley
Chief Banking Officer for National Business Lines
TB
Tim Bruckner
Chief Banking Officer for Regional Banking
TB
Timothy Boothe
Chief Administration Officer
VI
Vishal Idnani
Transitioning Chief Financial Officer
Board of directors at WESTERN ALLIANCE BANCORPORATION.
AM
Anthony Meola
Detailed
Director
BB
Bruce Beach
Detailed
Chair of the Board
BS
Bryan Segedi
Detailed
Director
CH
Christopher Halmy
Detailed
Director
DS
Donald Snyder
Detailed
Director
GG
Greta Guggenheim
Detailed
Director
HG
Howard Gould
Detailed
Director
JF
Juan Figuereo
Detailed
Director
MB
Marianne Boyd Johnson
Detailed
Director
MC
Mary Chris Jammet
Detailed
Director
MT
Mary Tuuk Kuras
Detailed
Director
RL
Robert Latta
Detailed
Director
Research analysts who have asked questions during WESTERN ALLIANCE BANCORPORATION earnings calls.
Anthony Elian
JPMorgan
8 questions for WAL
Also covers: BANC, CMA, COLB +11 more
Bernard Von Gizycki
Deutsche Bank
8 questions for WAL
Also covers: CMA, EWBC, FCNCA +8 more
Ebrahim Poonawala
Bank of America Securities
8 questions for WAL
Also covers: , BK, BMO +31 more
MC
Matthew Clark
Piper Sandler
8 questions for WAL
Also covers: AVBH, BANC, BANR +24 more
Andrew Terrell
Stephens Inc.
7 questions for WAL
Also covers: AVBH, BANC, BANR +18 more
CH
Casey Haire
Jefferies
6 questions for WAL
Also covers: ASB, CADE, CFR +12 more
Jared Shaw
Barclays
6 questions for WAL
Also covers: ASB, BANC, BKU +23 more
David Smith
Truist Securities
5 questions for WAL
Also covers: AESI, BK, CLB +21 more
GT
Gary Tenner
D.A. Davidson & Co.
5 questions for WAL
Also covers: ABCB, AVBH, AX +20 more
Jon Arfstrom
RBC Capital Markets
5 questions for WAL
Also covers: ALLY, ASB, BFH +24 more
Timur Braziler
Wells Fargo
5 questions for WAL
Also covers: ASB, BANC, BKU +16 more
CM
Chris McGratty
KBW
4 questions for WAL
Also covers: BAC, C, CBC +18 more
Christopher McGratty
Keefe, Bruyette & Woods
4 questions for WAL
Also covers: ASB, BAC, BANC +35 more
JL
Janet Lee
TD Cowen
4 questions for WAL
Also covers: AUB, COLB, EBC +16 more
Ben Gerlinger
Citigroup
2 questions for WAL
Also covers: BKU, BPOP, CADE +10 more
Benjamin Gerlinger
Citigroup Inc.
2 questions for WAL
Also covers: BANC, BKU, BOKF +18 more
DC
David Chiaverini
Wedbush Securities Inc.
2 questions for WAL
Also covers: AX, BANC, BOKF +17 more
TC
Timothy Coffey
Janney Montgomery Scott LLC
2 questions for WAL
Also covers: AVBH, BANC, BANR +11 more
BK
Brandon King
Truist Securities
1 question for WAL
Also covers: ABCB, BANC, COLB +2 more
Jared David Shaw
Barclays Capital
1 question for WAL
Also covers: BANC, BKU, BOH +13 more
JR
John Rob
Barclays PLC
1 question for WAL
Also covers: ONB
NH
Nicholas Holowko
UBS Group AG
1 question for WAL
Also covers: CMA, FCNCA, FHN +5 more
Samuel Varga
UBS
1 question for WAL
Also covers: BPOP, COLB, EWBC +9 more
Recent press releases and 8-K filings for WAL.
Western Alliance Bancorporation announces $126 million charge-off due to Jefferies' breach of contract and outlines mitigation plan
WAL
Legal Proceedings
Profit Warning
Guidance Update
- Western Alliance Bancorporation (WAL) will charge off a $126 million loan balance in the current quarter due to a breach of contract by Jefferies, which directed its subsidiary Leucadia Asset Management to cease payments on a loan to Point Bonita Capital.
- WAL has filed a formal complaint in New York Supreme Court against Jefferies, Leucadia Asset Management, and Point Bonita Capital to recover all damages caused by this breach.
- The $126 million charge-off will be substantially offset by approximately $50 million in security sale gains (with $45 million already realized and $5 million expected by the end of March) and approximately $50 million from expense initiatives throughout the year. The remaining $26 million is under active review.
- The company expects to maintain an approximate 11% CET1 ratio after these actions, and the expense reductions are not expected to impair future growth or operational capacity.
7 hours ago
Western Alliance Bancorporation Announces $126 Million Charge-Off Due to Jefferies Breach of Contract
WAL
Legal Proceedings
Guidance Update
- Western Alliance Bancorporation (WAL) announced a $126 million charge-off for a loan to a Point Bonita Capital fund, citing a breach of contract by Jefferies.
- WAL has initiated legal proceedings by filing a formal complaint in New York Supreme Court against Jefferies, Leucadia Asset Management, and Point Bonita to recover all damages.
- The $126 million charge-off will be substantially offset by approximately $50 million in security sale gains and $50 million from expense initiatives throughout the year, with the remaining $26 million under active review.
- Following these actions, WAL expects to maintain an approximate 11% CET1 ratio.
7 hours ago
Western Alliance Bancorporation to Charge Off $126 Million Loan Due to Jefferies' Non-Payment
WAL
Legal Proceedings
Profit Warning
Guidance Update
- Western Alliance Bancorporation (WAL) will record a $126 million charge-off in the current quarter after Jefferies directed its subsidiary, Leucadia Asset Management, to cease payments on a loan to a Point Bonita Capital fund.
- WAL has initiated legal proceedings in New York Supreme Court against Jefferies, Leucadia Asset Management, and Point Bonita to hold them accountable and recover damages.
- The bank plans to substantially offset the financial impact through approximately $50 million in security sale gains ($45 million already realized) and $50 million in expense reductions throughout the year, with the remaining $26 million under active review.
- Following these actions, WAL expects to maintain an approximate 11% CET1 ratio.
- The bank's total exposure to similar asset-based lending (ABL) loans to funds will be reduced to approximately $330 million after this write-down.
7 hours ago
Western Alliance Bancorporation charges off $126.4 million loan and initiates legal action
WAL
Legal Proceedings
Guidance Update
- Western Alliance Bancorporation (WAL) has filed a Complaint in New York Supreme Court against Jefferies Financial Group, Leucadia Asset Management LLC (LAM), and affiliates, alleging breach of contract and fraud after being informed that $126.4 million owed under a forbearance agreement would not be paid.
- The company is charging-off the entire remaining LAM I loan balance of $126.4 million, which will be matched by a provision of the same amount.
- To mitigate the financial impact, WAL plans to realize $50 million in securities gains (with approximately $45 million already realized quarter-to-date) and implement $50 million in expense savings, providing an aggregate offset of $100 million.
- Despite these events, the company continues to project another profitable quarter, and the after-tax impact of the charge-off is expected to reduce the year-end 2025 CET1 ratio by only 7 basis points.
11 hours ago
Western Alliance Bancorporation announces $126.4 million loan impairment and legal action
WAL
Legal Proceedings
Profit Warning
Guidance Update
- Western Alliance Bancorporation will recognize a $126.4 million non-cash impairment charge in the first quarter of 2026 due to a counterparty's failure to make principal payments on a commercial loan.
- The outstanding balance of the impaired loan is $126.4 million, and the counterparties, including Jefferies and Leucadia Asset Management LLC (LAM), have discontinued future payments, leading the Bank to file a lawsuit for breach of contract and fraud.
- To offset the financial impact, the Company plans to realize $50 million in securities gains (with approximately $45 million already realized quarter-to-date) and implement $50 million in expense savings.
- Despite the charge-off, the Company projects a profitable quarter and expects the after-tax impact to reduce the year-end 2025 CET1 ratio by only 7 basis points.
12 hours ago
Western Alliance Bancorporation Reports Record Q4 and Full Year 2025 Results, Provides 2026 Outlook
WAL
Earnings
Guidance Update
Share Buyback
- Western Alliance Bancorporation reported record financial results for Q4 and full year 2025, with Q4 net interest income, net revenue, and pre-provision net revenue reaching record levels. Full year 2025 EPS was $8.73, and Q4 2025 EPS was $2.59.
- The company achieved significant growth in 2025, with HFI loan growth of $5 billion (9%) and deposits increasing $10.8 billion (16%). Total assets expanded to approximately $93 billion by year-end 2025.
- For 2026, Western Alliance projects loan growth of $6 billion and deposit growth of $8 billion. Net interest income is expected to grow 11%-14%, and non-interest income is anticipated to increase 2%-4%.
- Total operating expenses are projected to rise 2%-7% in 2026, and net charge-offs are expected to be between 25 and 35 basis points, with potential for higher levels in the first half of the year as non-accrual balances are proactively reduced.
- Capital levels remained strong, with a CET1 ratio of 11% at year-end 2025, and the company repurchased 0.7 million shares for $57.5 million in Q4 2025.
Jan 27, 2026, 5:00 PM
Western Alliance Bancorporation Reports Q4 2025 Financial Results
WAL
Earnings
Revenue Acceleration/Inflection
Share Buyback
- Western Alliance Bancorporation reported Earnings per Share of $2.59 and Net Revenue of $980.9 million for Q4 2025, with EPS increasing 32.8% year-over-year.
- The company's balance sheet showed growth, with Total Loans (Held for Investment) reaching $58,677 million and Total Deposits at $77,159 million in Q4 2025.
- Capital metrics remained robust, including a CET1 Ratio of 11.0% and Tangible Book Value per Share increasing 17.3% year-over-year to $61.29.
- Asset quality saw a Provision for Credit Losses of $73.0 million and Net Loan Charge-Offs of $44.6 million in Q4 2025.
Jan 27, 2026, 5:00 PM
Western Alliance Bancorporation Reports Record Q4 and Full Year 2025 Results and Provides 2026 Outlook
WAL
Earnings
Guidance Update
Share Buyback
- Western Alliance Bancorporation delivered record financial results for Q4 and full year 2025, with Q4 EPS of $2.59 (up 33% year-over-year) and full year EPS of $8.73 (up 23% year-over-year). Net interest income, net revenue, and pre-provision net revenue all reached record levels in Q4 2025.
- For the full year 2025, the company achieved $5 billion in HFI loan growth and $10.8 billion in deposit growth.
- The company provided a 2026 outlook projecting $6 billion in loan growth, $8 billion in deposit growth, and 11%-14% net interest income growth. Non-interest income is expected to grow 2%-4%, while total operating expenses are anticipated to increase 2%-7%.
- Asset quality remained stable in Q4 2025, with total criticized assets declining by $8 million. However, net charge-offs are expected to be elevated in the first half of 2026 (full-year guidance of 25 to 35 basis points) as non-accrual loans are resolved.
- In Q4 2025, the company repurchased approximately 0.7 million shares for $57.5 million and increased its quarterly cash dividend by $0.04. It also issued $400 million of subordinated debt to bolster its total capital ratio to 14.5%.
Jan 27, 2026, 5:00 PM
Western Alliance Bancorporation Reports Record Q4 and Full Year 2025 Results, Provides Strong 2026 Outlook
WAL
Earnings
Guidance Update
Share Buyback
- Western Alliance Bancorporation (WAL) reported record financial results for Q4 and full year 2025, with Q4 EPS of $2.59 (up 33% year-over-year) and full year EPS of $8.73 (up 23% year-over-year).
- For full year 2025, the company achieved $5 billion in HFI loan growth (9%) and $10.8 billion in deposit growth (16%), driving net revenue up 12% and pre-provision net revenue up 26% from the prior year.
- The 2026 outlook projects continued strong growth, with loan growth of $6 billion, deposit growth of $8 billion, and net interest income growth of 11%-14%.
- WAL's capital position remains solid with a CET1 ratio of 11%, and the company repurchased 0.7 million shares for $57.5 million in Q4 2025, with opportunistic share repurchases expected to continue.
Jan 27, 2026, 5:00 PM
Western Alliance Bancorporation Reports Strong Q4 and Full Year 2025 Financial Results
WAL
Earnings
Share Buyback
Revenue Acceleration/Inflection
- Western Alliance Bancorporation reported record net interest income, revenues, and pre-provision net revenue (PPNR) for the full year 2025, with net income of $990.6 million and earnings per share of $8.73, marking increases of 25.8% and 23.1% respectively over the prior year.
- For the fourth quarter of 2025, net income was $293.2 million and diluted earnings per common share reached $2.59, an increase of 32.8% compared to Q4 2024.
- The company's balance sheet showed significant growth, with HFI loans increasing by $2.0 billion during Q4 2025 to $58.7 billion, and total assets growing 14.6% year-over-year to $92.8 billion at December 31, 2025.
- Asset quality remained steady, with net charge-offs to average loans at 0.24% for the full year 2025 and a nonperforming assets to total assets ratio of 0.69%.
- During Q4 2025, the company repurchased 0.7 million shares for $57.5 million under its share repurchase program.
Jan 27, 2026, 3:04 AM
Quarterly earnings call transcripts for WESTERN ALLIANCE BANCORPORATION.
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