Western Alliance posts record metrics but EPS narrowly misses estimates
-1.18% to $73.63 from $74.51
What moved WAL
- Western Alliance reported Q3 2026 earnings per share of $2.45, up $0.17 or 7.5% year over year, per its SEC filing.
- The result came in just below the roughly $2.46 consensus estimate analysts had been expecting.
- Pre-provision net revenue rose to $419 million, up $25 million or 6.4% year over year, while return on average assets (1.12%) and return on average tangible common equity (15.5%) both increased for a second consecutive quarter.
- Deposit optimization actions totaling $4.5 billion over two quarters drove an 8% quarterly decline in ECR-related deposit costs, while total deposits held stable at $81.8 billion on strong commercial banking inflows.
Sources: SEC filing (8-K) · Benzinga