Western Alliance Bancorporation (NYSE:WAL) Issues Earnings Results

Western Alliance Bancorporation (NYSE:WAL) announced its earnings results on Tuesday. The financial services provider reported $2.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.48 by $0.74, FiscalAI reports. Western Alliance Bancorporation had a net margin of 17.03% and a return on equity of 13.69%. The firm had revenue of $968.40 million for the quarter, compared to analyst estimates of $944.18 million. During the same quarter in the previous year, the firm posted $1.79 EPS. The company’s revenue for the quarter was up 31.0% compared to the same quarter last year.

Western Alliance Bancorporation Stock Down 0.5%

WAL traded down $0.43 during midday trading on Thursday, reaching $77.94. The company’s stock had a trading volume of 25,485 shares, compared to its average volume of 1,312,746. The firm has a market capitalization of $8.56 billion, a price-to-earnings ratio of 9.07, a PEG ratio of 0.69 and a beta of 1.37. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 0.83. Western Alliance Bancorporation has a 1 year low of $65.82 and a 1 year high of $97.23. The stock’s 50-day moving average is $77.53 and its 200-day moving average is $81.60.

Western Alliance Bancorporation Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 6th. Shareholders of record on Friday, February 20th were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Friday, February 20th. Western Alliance Bancorporation’s dividend payout ratio is 19.24%.

Trending Headlines about Western Alliance Bancorporation

Here are the key news stories impacting Western Alliance Bancorporation this week:

• Positive Sentiment: Q1 EPS and revenue beat — WAL reported $2.22 EPS vs. $1.48 expected and revenue of $968.4M (up ~31% YoY), signaling solid core profitability and top-line growth. Western Alliance (WAL) Surpasses Q1 Earnings and Revenue Estimates
• Positive Sentiment: Deposit growth and momentum called out on the earnings call — management highlighted strong deposit growth and ongoing growth momentum as key drivers for the quarter. Western Alliance Bancorp (WAL) Q1 2026 Earnings Call Highlights: Strong Deposit Growth and …
• Positive Sentiment: Analyst support — DA Davidson reaffirmed a “buy” and set a $93 price target; consensus analyst coverage is generally constructive (average “moderate buy”). Benzinga Western Alliance Bancorporation (NYSE:WAL) Given Average Recommendation of “Moderate Buy” by Analysts
• Neutral Sentiment: Full earnings call/transcript available for deeper review — investors can parse the call transcript and slides for details on loan growth, NII drivers, and expense outlook. Western Alliance Bancorporation (WAL) Q1 2026 Earnings Call Transcript
• Negative Sentiment: Fraud-related charge-offs and mixed deposit trends flagged — deep-dive coverage notes fraud charge-offs and nuances in deposit quality that temper the quarter’s positives. WAL Q1 Deep Dive: Deposit Growth and Fraud Charge-offs Shape Mixed Quarter
• Negative Sentiment: Notable investor exit — Riverwater Sustainable Value Strategy trimmed/exited its WAL position in Q1, a data point that may reflect some investor concern despite the beat. Here’s Why Riverwater Sustainable Value Strategy Exited Western Alliance Bancorporation (WAL) in Q1

Wall Street Analysts Forecast Growth

Several brokerages have commented on WAL. Keefe, Bruyette & Woods lowered their price objective on shares of Western Alliance Bancorporation from $101.00 to $93.00 and set an “outperform” rating for the company in a report on Thursday, April 9th. Weiss Ratings lowered Western Alliance Bancorporation from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, March 20th. TD Cowen downgraded Western Alliance Bancorporation from a “buy” rating to a “hold” rating and set a $83.00 price objective for the company. in a report on Monday, March 9th. Piper Sandler dropped their target price on shares of Western Alliance Bancorporation from $108.00 to $94.00 and set an “overweight” rating on the stock in a report on Thursday, April 2nd. Finally, JPMorgan Chase & Co. decreased their price target on shares of Western Alliance Bancorporation from $105.00 to $77.00 and set a “neutral” rating for the company in a research note on Wednesday, April 1st. Nine analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $93.36.

Institutional Investors Weigh In On Western Alliance Bancorporation

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Virtu Financial LLC purchased a new stake in shares of Western Alliance Bancorporation during the fourth quarter valued at approximately $456,000. Compound Planning Inc. grew its holdings in shares of Western Alliance Bancorporation by 5.8% during the fourth quarter. Compound Planning Inc. now owns 3,536 shares of the financial services provider’s stock valued at $297,000 after buying an additional 193 shares during the last quarter. Corient Private Wealth LLC grew its holdings in shares of Western Alliance Bancorporation by 134.9% during the fourth quarter. Corient Private Wealth LLC now owns 39,056 shares of the financial services provider’s stock valued at $3,283,000 after buying an additional 22,431 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Western Alliance Bancorporation during the fourth quarter valued at approximately $1,138,000. Finally, EP Wealth Advisors LLC purchased a new stake in shares of Western Alliance Bancorporation during the fourth quarter valued at approximately $1,062,000. Hedge funds and other institutional investors own 79.15% of the company’s stock.

About Western Alliance Bancorporation

Western Alliance Bancorporation is a bank holding company headquartered in Phoenix, Arizona. Through its principal subsidiary, Western Alliance Bank, the company provides a range of banking services to commercial clients, entrepreneurs and real estate developers. As one of the largest regional banks in the western United States, it focuses on relationship-driven banking solutions tailored to niche industries and growing businesses.

The company’s core offerings include deposit products, treasury management and a variety of lending services.