Q1 2026 Western Alliance Bancorp Earnings Call Transcript

Apr 22, 2026 / 04:00PM GMT

Release Date Price: $78.37 (+0.69%)

Transcript 8-K

Key Points

Positve

Western Alliance Bancorp (WAL) reported strong deposit growth of $5.6 billion in Q1, positioning the company ahead of its $8 billion deposit growth target for 2026.
The company achieved a net interest margin expansion of 3 basis points to 3.54%, supported by a decline in interest-bearing deposit costs.
Western Alliance Bancorp (WAL) maintained a stable CET1 ratio of 11% while repurchasing 700,000 shares, reflecting confidence in the intrinsic value of the franchise.
The company reported an adjusted return on average tangible common equity of 14.2%, demonstrating strong capital generation.
Western Alliance Bancorp (WAL) continues to benefit from a highly diversified franchise and deep integrated client relationships, enabling performance across various economic scenarios.

Negative

The company faced challenges with fraud-related charge-offs, including a $126.4 million charge-off related to a loan to Leucadia Asset Management.
Noninterest income, excluding securities gains, declined modestly by $5 million due to lower mortgage activity.
Mortgage banking revenue was impacted by elevated rate volatility, leading to a decline of $18 million from the prior quarter.
The company experienced a slight decline in total equity due to active share repurchases and a rate-driven change in its AOCI position.
Western Alliance Bancorp (WAL) anticipates full-year core net charge-offs to be at or slightly above the midpoint of its guidance range, excluding fraud-related charge-offs.

Operator

Good day, everyone. Welcome to Western Alliance Bank Corporation's First Quarter 2026 Earnings Call. You may also view the presentation today via webcast through the company's website at www.westernalliancebancorporation.com. I would now like to turn the call over to Miles Pondelik, Director of Investor Relations and Corporate Development. Please go ahead.

Miles Pondelik

Western Alliance Bancorp - Director - Investor Relations

Thank you. Welcome to Western Alliance Bank's first quarter 2026 conference call our speakers today are Ken Vecchione, President and Chief Executive Officer; and Vishal Idnani, Chief Financial Officer. Before I hand the call over to Ken, please note that today's presentation contains forward-looking statements, which are subject to risks, uncertainties and assumptions. Except as required by law, the company does not undertake any obligation to update any forward-looking statements.

For a more complete discussion of the risks and uncertainties

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