Sep 2026 (Q3 FY26) — Oct 20, 2026
Western Alliance Bancorporation Q3 FY26 — Strong Progress on Strategic Objectives and Capital Returns
Read the full callWestern Alliance Bancorporation earnings: last reported Tue, 20 Oct 2026, for the quarter ended Sep 2026.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 45.7 | +94.5% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | Operating profit / revenue | Quarter to Jun 2026 | Not in the filed figures for the quarter to jun 2026. No older figure is substituted. | ||
| Net profit | 262 | +13.6% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
13 of 17 judged targets kept · 18 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Full-year deposit growth (FY26) | $8 billion | Dec 2025 | As a result, we are lowering our deposit growth outlook to $6 billion, reflecting lower funding needs and our continued efforts to remix the deposit base in order to improve our funding costs. | Revised Down |
| Category IV / LFI readiness investment | $55 million to $65 million of incremental investment over the next 3 years | Dec 2024 | we absorbed $25 million a year for the last couple of years in terms of being LFI ready and compliant, right, that we will use some of those funds to continue to look at opportunities | On Track |
| Cantor Group V note finance loan -- expected loss coverage | Collateral coverage, guarantees and mortgage-fraud insurance will cover losses on the $98.5 million loan, if any | Sep 2025 | Due to the complexity and potential duration of the resolution process, we charged off $26 million of this loan during the quarter. | Missed |
4 of WESTERN ALLIANCE BANCORPORATION's 35 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 32 more targets are in the full ledger.
Claimed
Qualified
Price
1Y: $78.72 on 22 Oct 2025 → $76.12. High $96.08 (9 Feb 2026), low $66.7 (18 Mar 2026).
Overview
Guidance
13 of 17 judged targets kept · 18 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Full-year deposit growth (FY26) | $8 billion | Dec 2025 | As a result, we are lowering our deposit growth outlook to $6 billion, reflecting lower funding needs and our continued efforts to remix the deposit base in order to improve our funding costs. | Revised Down |
| Category IV / LFI readiness investment | $55 million to $65 million of incremental investment over the next 3 years | Dec 2024 | we absorbed $25 million a year for the last couple of years in terms of being LFI ready and compliant, right, that we will use some of those funds to continue to look at opportunities | On Track |
| Cantor Group V note finance loan -- expected loss coverage | Collateral coverage, guarantees and mortgage-fraud insurance will cover losses on the $98.5 million loan, if any | Sep 2025 | Due to the complexity and potential duration of the resolution process, we charged off $26 million of this loan during the quarter. | Missed |
Claimed
Qualified
The full ledger
A free account opens 5 company ledgers a month. All 35 tracked commitments, with each call’s wording and source.
Call summaries
Western Alliance Bancorporation Q3 FY26 — Strong Progress on Strategic Objectives and Capital Returns
Read the full callWestern Alliance Bancorporation Q2 FY26 — Strong Growth, Capital Returns, and Deposit Optimization
Read the full callWestern Alliance Bancorporation Q1 FY26 — Strong Deposit Growth and NIM Expansion Amidst Fraud-Related Charge-Offs
Read the full callEvery analysed call
Financials
Net profit, year on year: +14% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 15 | — | 23 | 24 | 25 | 65 | 67 | 46 |
| Profit before tax | 252 | 259 | 246 | 291 | 314 | 356 | 231 | 332 |
| Tax rate | 20.8% | 16.4% | 19.2% | 18.4% | 17.0% | 17.6% | 18.2% | 19.0% |
| Net profit | 200 | 217 | 199 | 230 | 253 | 286 | 182 | 262 |
| EPS ($ per share) | 1.81 | — | 1.80 | 2.08 | 2.30 | — | 1.65 | 2.37 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 0 | 1,374 | 1,391 | 1,966 | 2,163 | 2,197 | 2,245 | 2,232 |
| Reserves | 1,283 | 1,680 | 2,001 | 2,773 | 3,664 | 4,215 | 4,826 | 5,607 |
| Total liabilities | 20,496 | 23,805 | 33,048 | 51,020 | 62,378 | 64,784 | 74,227 | 84,828 |
| Fixed assets | 119 | 126 | 134 | 182 | 276 | 339 | 361 | 442 |
| Total assets | 23,109 | 26,822 | 36,461 | 55,983 | 67,734 | 70,862 | 80,934 | 92,774 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 541 | 718 | 670 | -2,654 | 2,245 | -329 | -2,742 | -2,679 |
| Cash from investing | -2,713 | -3,723 | -7,537 | -14,712 | -13,130 | -2,159 | -5,967 | -9,948 |
| Cash from financing | 2,254 | 2,941 | 9,104 | 15,211 | 11,412 | 3,020 | 11,229 | 12,127 |
| Net cash flow | — | — | 2,237 | -2,155 | 527 | 533 | 2,520 | -500 |
| KPI | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Sep 2026 Q3 FY26 | Change vs prior quarter |
|---|---|---|---|---|
| Net interest margin | 3.54%In the first quarter, interest-bearing deposit costs declined 21 basis points, contributing to a 3 basis point quarterly increase in net interest margin to 3.54%.Source: earnings call transcript | 3.53%net interest margin was relatively stable, compressing 1 basis point from Q1 to 3.53% as the interest cost of earning assets declined 2 basis points, while the earning asset yield declined 3 basis points.Source: earnings call transcript | — | 0 pt |
| Common equity tier 1 ratio (CET1) | 11%This supported a stable CET1 ratio of 11% and ACL ratio of 87 basis points while compounding tangible book value per share, 13% year-over-year.Source: earnings call transcript | — | 10.9%Our CET1 ratio decreased 10 basis points from Q2 to 10.9%, reflecting loan growth and share repurchases while remaining above well-capitalized levels.Source: earnings call transcript | — |
| Return on tangible common equity (ROTCE) | — | 15.4%But the benefit here -- well, that will be to the benefit of a higher PPNR which will give us all the flexibility that we want going forward to our long-term goals of getting to a return on average tangible common equity of 16% to 17%, which, by the way, we were at 15.4% for this quarter.Source: earnings call transcript | 15.5%ROATCE increased 20 basis points from Q2 to 15.5%.Source: earnings call transcript | +0.1 pt |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
618 filings between Oct 30, 2025 and Oct 15, 2026.
Purchases
$308.0K
1 purchase by 1 insider
Sales
$5.85M
9 sales by 3 insiders
Also filed: 277 dispositions to the issuer, 1 gift.
| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| GIBBONS DALE | $308.0K | $3.30M | Jun 9, 2026 |
| JOHNSON MARIANNE BOYD | — | $2.01M | Dec 15, 2025 |
| Mucha Ben | — | $542.9K | Jun 8, 2026 |
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 15, 2026 | Kennedy Barbara Chief Human Resources Officer | Option exercise | 82 | $0 |
| Oct 15, 2026 | GIBBONS DALE Vice Chair and CBO, Deposits | Option exercise | 229 | $0 |
| Oct 15, 2026 | Vecchione Kenneth Chairman, President & CEO | Option exercise | 437 | $0 |
| Oct 15, 2026 | Kennedy Barbara Chief Human Resources Officer | Disposition to issuer | 74 | $5.5K |
| Oct 15, 2026 | Herndon Lynne Chief Credit Officer | Option exercise | 22 | $0 |
| Oct 15, 2026 | GIBBONS DALE Vice Chair and CBO, Deposits | Disposition to issuer | 212 | $15.8K |
| Oct 15, 2026 | Bruckner Tim R CBO for Regional Banking | Disposition to issuer | 158 | $11.7K |
| Oct 15, 2026 | Vecchione Kenneth Chairman, President & CEO | Disposition to issuer | 539 | $40.1K |
| Oct 15, 2026 | Boothe Timothy W Chief Administration Officer | Disposition to issuer | 69 | $5.1K |
| Oct 15, 2026 | Kennedy Barbara Chief Human Resources Officer | Option exercise | 74 | $0 |
| Oct 15, 2026 | Jarvi Jessica H CLO & Secretary | Option exercise | 64 | $0 |
| Oct 15, 2026 | Herndon Lynne Chief Credit Officer | Disposition to issuer | 35 | $2.6K |
| Oct 15, 2026 | Herndon Lynne Chief Credit Officer | Disposition to issuer | 27 | $2.0K |
| Oct 15, 2026 | GIBBONS DALE Vice Chair and CBO, Deposits | Option exercise | 212 | $0 |
| Oct 15, 2026 | Nachlas Emily Chief Risk Officer | Disposition to issuer | 72 | $5.4K |
| Oct 15, 2026 | Bruckner Tim R CBO for Regional Banking | Option exercise | 158 | $0 |
| Oct 15, 2026 | Bruckner Tim R CBO for Regional Banking | Option exercise | 142 | $0 |
| Oct 15, 2026 | Vecchione Kenneth Chairman, President & CEO | Option exercise | 539 | $0 |
| Oct 15, 2026 | Vecchione Kenneth Chairman, President & CEO | Disposition to issuer | 595 | $44.2K |
| Oct 15, 2026 | Boothe Timothy W Chief Administration Officer | Option exercise | 69 | $0 |
| Oct 15, 2026 | Idnani Vishal Chief Financial Officer | Option exercise | 123 | $0 |
| Oct 15, 2026 | Kennedy Barbara Chief Human Resources Officer | Disposition to issuer | 101 | $7.5K |
| Oct 15, 2026 | Jarvi Jessica H CLO & Secretary | Disposition to issuer | 58 | $4.3K |
| Oct 15, 2026 | Jarvi Jessica H CLO & Secretary | Disposition to issuer | 46 | $3.4K |
| Oct 15, 2026 | Jarvi Jessica H CLO & Secretary | Disposition to issuer | 64 | $4.8K |
| Oct 15, 2026 | Herndon Lynne Chief Credit Officer | Option exercise | 35 | $0 |
| Oct 15, 2026 | Herndon Lynne Chief Credit Officer | Disposition to issuer | 22 | $1.6K |
| Oct 15, 2026 | Herndon Lynne Chief Credit Officer | Option exercise | 27 | $0 |
| Oct 15, 2026 | GIBBONS DALE Vice Chair and CBO, Deposits | Option exercise | 285 | $0 |
| Oct 15, 2026 | GIBBONS DALE Vice Chair and CBO, Deposits | Disposition to issuer | 285 | $21.2K |
| Oct 15, 2026 | Bruckner Tim R CBO for Regional Banking | Disposition to issuer | 142 | $10.6K |
| Oct 15, 2026 | Nachlas Emily Chief Risk Officer | Option exercise | 72 | $0 |
| Oct 15, 2026 | Nachlas Emily Chief Risk Officer | Option exercise | 53 | $0 |
| Oct 15, 2026 | Nachlas Emily Chief Risk Officer | Disposition to issuer | 53 | $3.9K |
| Oct 15, 2026 | Bruckner Tim R CBO for Regional Banking | Option exercise | 115 | $0 |
| Oct 15, 2026 | Bruckner Tim R CBO for Regional Banking | Disposition to issuer | 115 | $8.6K |
| Oct 15, 2026 | Nachlas Emily Chief Risk Officer | Option exercise | 64 | $0 |
| Oct 15, 2026 | Nachlas Emily Chief Risk Officer | Disposition to issuer | 64 | $4.8K |
| Oct 15, 2026 | Vecchione Kenneth Chairman, President & CEO | Disposition to issuer | 437 | $32.5K |
| Oct 15, 2026 | Vecchione Kenneth Chairman, President & CEO | Option exercise | 595 | $0 |
| Oct 15, 2026 | Boothe Timothy W Chief Administration Officer | Option exercise | 97 | $0 |
| Oct 15, 2026 | Boothe Timothy W Chief Administration Officer | Disposition to issuer | 97 | $7.2K |
| Oct 15, 2026 | Boothe Timothy W Chief Administration Officer | Option exercise | 69 | $0 |
| Oct 15, 2026 | Boothe Timothy W Chief Administration Officer | Disposition to issuer | 69 | $5.1K |
| Oct 15, 2026 | Idnani Vishal Chief Financial Officer | Disposition to issuer | 123 | $9.1K |
| Oct 15, 2026 | Kennedy Barbara Chief Human Resources Officer | Option exercise | 101 | $0 |
| Oct 15, 2026 | Kennedy Barbara Chief Human Resources Officer | Disposition to issuer | 82 | $6.1K |
| Oct 15, 2026 | Jarvi Jessica H CLO & Secretary | Option exercise | 58 | $0 |
| Oct 15, 2026 | Jarvi Jessica H CLO & Secretary | Option exercise | 46 | $0 |
| Oct 15, 2026 | GIBBONS DALE Vice Chair and CBO, Deposits | Disposition to issuer | 229 | $17.0K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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