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Western Alliance Bancorporation WAL Q1 2026 earnings

Reported April 21, 2026 · After market close

Revenue$1.0BBeat by $60.8M
EPS$2.22Beat by $0.74
Revenue estimate$958.1M
EPS estimate$1.48

Next report

Oct 20, 2026 (in a month)
Revenue estimate$990.5M
EPS estimate$2.46

Financials

Q1 2026

Income statement

See full
Revenue$1.0B+31.0%
Net income$182.1M-8.5%
EPS (diluted)$1.65-7.8%

Balance sheet

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Cash & equivalents$8.6B+161%
Total debt$4.7B+73.9%
Total equity$7.6B+10.0%
Total assets$98.9B+19.0%

Cash flow

See full
Operating cash flow-$507.2M+69.3%
CapEx$24.2M+45.8%
Free cash flow-$531.4M+68.2%

Valuation & ratios

Valuation

as of 03/31/26
See full
Market cap$7.78B-8.3%
Enterprise value$3.91B-50.5%
P/E8.2×-2.3×
P/S2.1×-0.6×

Profitability

See full
Net margin25.2%0.0pp
FCF margin-43.7%-17.4pp

Returns & leverage

See full
Return on equity13.1%+0.7pp
Debt / equity0.6×+0.2×

FAQ

When did Western Alliance Bancorporation report Q1 2026 earnings?
Western Alliance Bancorporation (WAL) reported Q1 2026 earnings on April 21, 2026 after market close.
What were Western Alliance Bancorporation's Q1 2026 revenue and EPS?
Western Alliance Bancorporation reported revenue of $1.0B and eps of $2.22 for Q1 2026.
Did Western Alliance Bancorporation beat estimates in Q1 2026?
Revenue beat the consensus estimate of $958.1M by $60.8M. EPS beat the consensus estimate of $1.48 by $0.74.
How did Western Alliance Bancorporation's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 31.0% from $778.0M a year earlier and eps grew 24.0% from $1.79.
Where can I find Western Alliance Bancorporation's Q1 2026 SEC filings?
You can read the 8-K earnings release (0001628280-26-026302) and the 10-Q periodic report (0001628280-26-033054) directly on SEC EDGAR. The filing index links above go to sec.gov.