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Western Alliance Bancorporation WAL Q4 2025 Annual earnings

Reported January 27, 2026 · After market close

Revenue$980.9MBeat by $67.5MDiluted EPS$2.59Beat by $0.19
Revenue estimate$913.4M
EPS estimate$2.40

Next report

Jul 21, 2026 (In 5 days)
Revenue estimate$980.5M
EPS estimate$2.33

Financials

Q4 2025

Income statement

See full
Revenue$980.9M+17.0%
Net income$286.1M+31.9%
EPS (diluted)$2.59+32.8%

Balance sheet

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Cash & equivalents$3.6B-12.2%
Total debt$4.0B+21.1%
Total equity$7.7B+14.1%
Total assets$92.8B+14.6%

Cash flow

See full
Operating cash flow-$69.8M+88.8%
CapEx$48.4M+81.3%
Free cash flow-$118.2M+81.8%

Valuation & ratios

Valuation

as of 12/31/25
See full
Market cap$9.25B+0.6%
Enterprise value$9.66B+14.9%
P/E9.5×-2.1×
P/S2.6×-0.3×

Profitability

See full
Net margin27.3%+2.4pp
FCF margin-78.8%-8.3pp

Returns & leverage

See full
Return on equity13.5%+1.2pp
Debt / equity0.5×0.0×

Versus estimates

Revenue

Q1 2026$1.0BBeat by $60.8M
Q4 2025$980.9MBeat by $67.5M
Q2 2025$845.9MBeat by $7.9MQ1 2025$778.0MMiss by $14.4MQ4 2024$835.6MBeat by $31.8MQ3 2024$822.9MBeat by $14.3M

Diluted EPS

Q1 2026$2.22Beat by $0.74
Q4 2025$2.59Beat by $0.19
Q2 2025$2.07Beat by $0.05Q1 2025$1.79Beat by $0.01Q4 2024$1.95Beat by $0.03Q3 2024$1.80Miss by $0.09

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Questions, answered.

When did Western Alliance Bancorporation report Q4 2025 earnings?
Western Alliance Bancorporation (WAL) reported Q4 2025 earnings on January 27, 2026 after market close.
What were Western Alliance Bancorporation's Q4 2025 revenue and EPS?
Western Alliance Bancorporation reported revenue of $980.9M and diluted EPS of $2.59 for Q4 2025.
Did Western Alliance Bancorporation beat estimates in Q4 2025?
Revenue beat the consensus estimate of $913.4M by $67.5M. EPS beat the consensus estimate of $2.40 by $0.19.
How did Western Alliance Bancorporation's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 17.4% from $835.6M a year earlier and diluted EPS grew 32.8% from $1.95.
Where can I find Western Alliance Bancorporation's Q4 2025 SEC filings?
You can read the 8-K earnings release (0001628280-26-003507) and the 10-K periodic report (0001628280-26-010336) directly on SEC EDGAR. The filing index links above go to sec.gov.