Every material Form 8-K Western Alliance Bancorporation has filed with the SEC since December 10, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Western Alliance Bancorporation's Board declared a quarterly cash dividend of $0.46 per common share, payable November 27, 2026 to holders of record on November 12, 2026. The Board also declared a quarterly dividend of $209.00 per share of its 4.250% Series A preferred stock, payable December 30, 2026 to holders of record on December 15, 2026. The filing is a routine dividend declaration and does not report financial results.
Common stock dividend: $0.46 per share, payable November 27, 2026; record date November 12, 2026
Preferred stock dividend: $209.00 per share, equal to $0.5225 per depositary share, payable December 30, 2026; record date December 15, 2026
Declared by unanimous written consent of the Board dated October 30, 2026
Western Alliance Bancorporation reported third quarter 2026 results for the quarter ended September 30, 2026, in a press release dated October 19, 2026, furnished under Item 2.02. Net income rose 6.4% year over year to $277.2 million and diluted earnings per share rose 7.5% to $2.45, while net revenue rose 8.1% to $1.0 billion, so the headline earnings measures improved. Non-interest expense grew 9.3% year over year, and the company repurchased $92.1 million of shares during the quarter.
Net income of $277.2 million and diluted EPS of $2.45, up 6.4% and 7.5% from the third quarter 2025
Net revenue of $1.0 billion, up 8.1% from $938.2 million a year earlier
Nonaccrual loans declined $77 million during the quarter to $485 million
Repurchased $92.1 million of shares; the company will hold its earnings call on October 20, 2026 at 12:00 p.m. ET
Western Alliance Bancorporation reported results for the quarter ended June 30, 2026, furnishing a press release and earnings presentation under Item 2.02 of Form 8-K. Net income was $268.8 million, or $2.36 per diluted share, up from $237.8 million and $2.07 a year earlier, and net revenue was $995.7 million, up 17.7% from a year earlier but down 2.3% from the first quarter. For shareholders, the headline profit and revenue measures improved year over year, while the first quarter included a $126.4 million charge-off of the Leucadia Asset Management loan.
Net income of $268.8 million and diluted EPS of $2.36 for Q2 2026, versus $237.8 million and $2.07 for Q2 2025
Net revenue of $995.7 million, up 17.7% year over year and down 2.3% from the first quarter's $1.0 billion
Provision for credit losses fell to $80.4 million from $213.2 million in Q1 2026, which included the $126.4 million LAM loan charge-off
Net interest margin was 3.53%, flat from Q2 2025; the company will discuss results on a conference call at 12:00 p.m. ET on July 22, 2026
Western Alliance Bancorporation disclosed that Stephen Curley, its Chief Banking Officer for National Business Lines, gave notice of his resignation on May 8, 2026. He is leaving to pursue a Chief Executive Officer opportunity at another financial services firm, and the filing does not name a successor or describe any financial effect.
Stephen Curley, Chief Banking Officer for National Business Lines, gave notice of resignation on May 8, 2026
Reason given: he is pursuing another employment opportunity as Chief Executive Officer within financial services
Filing does not name a successor or state any financial impact
Western Alliance Bancorporation reported first quarter 2026 net income of $189.2 million, or $1.65 per share, down from $199.1 million, or $1.79 per share, a year earlier. Net revenue rose 31.0% to $1.0 billion, but a $213.2 million provision for credit losses, which included charge-offs on the LAM and Cantor loans, reduced GAAP profit, and the company said adjusted EPS was $2.22.
Net income $189.2 million ($251.3 million adjusted) and EPS $1.65 ($2.22 adjusted), versus $199.1 million and $1.79 a year earlier
Net revenue of $1.0 billion, up 31.0%, or $240.9 million, year over year
Provision for credit losses of $213.2 million, including a $126.4 million charge-off of the remaining LAM loan and a $26.1 million charge-off on the Cantor loan
Share repurchases of $50.0 million; tangible book value per share $61.14, up 13.0% from $54.10 a year earlier
Western Alliance said counterparties tied to Jefferies will not repay the remaining $126.4 million loan balance and will stop payments, so the bank will record a non-cash impairment charge of the same amount in the first quarter of 2026. Management says planned securities gains and expense cuts should offset $100 million of the charge, leaving a $26 million gap, and it still expects another profitable quarter.
Counterparties will not make a $42.125 million principal payment and will discontinue future payments; the outstanding balance is $126.4 million.
The bank filed a complaint in New York Supreme Court on March 6, 2026, alleging breach of contract and fraud.
Management targets $100 million of offsets: $50 million of securities gains (about $45 million realized quarter-to-date) and $50 million of expense savings.
The after-tax impact would reduce the year-end 2025 CET1 ratio by only 7 basis points, according to the company.
Western Alliance Bancorporation reported fourth quarter 2025 net income of $293.2 million, or $2.59 per diluted share, up from $216.9 million and $1.95 a year earlier. For the full year, net income was $990.6 million, or $8.73 per share, compared with $787.7 million and $7.09 in 2024, so the quarter and year both show higher profit for shareholders.
Q4 2025 diluted EPS of $2.59 versus $1.95 in Q4 2024, up 32.8%
Full-year 2025 net income of $990.6 million and EPS of $8.73, up 25.8% and 23.1%
Q4 net interest income of $766.2 million, up 15.0% from a year earlier; net interest margin 3.51% versus 3.53% in Q3 2025
Earnings conference call and webcast scheduled for 12:00 p.m. ET on January 27, 2026
Western Alliance Bancorporation's Compensation Committee established an unfunded nonqualified deferred compensation plan on December 19, 2025, letting designated Executive Leadership Team members defer part of their bonuses and stock awards. The company makes no contributions to the plan, so it does not add direct cost to the company's own funds, and deferred amounts remain subject to the Dodd-Frank Clawback Policy.
Plan established by the Compensation Committee on December 19, 2025
Executives may defer 0%, 25%, or 50% of each eligible compensation form per plan year
The Plan does not permit Company contributions; deferrals are credited as deferred stock units
Payouts after separation are in two or three annual installments; death benefits paid as a lump sum
Western Alliance Bancorporation added two directors, Dr. Michael Papay and Mr. Clarke Starnes III, effective December 10, 2025, expanding the Board to fifteen members. The company said the appointments add expertise in cybersecurity and risk management as it nears the $100 billion asset threshold.
Dr. Michael Papay, former Executive Vice President of Technology Risk and Information Security at American Express, joins the Audit and Risk Committees.
Mr. Clarke Starnes III, former Chief Risk Officer at Truist, joins the Finance and Investment and Risk Committees.
Both directors serve until the 2026 annual meeting and receive standard non-employee director compensation.
Western Alliance Bancorporation reported third quarter 2025 net income of $260.5 million, or $2.28 per share, up from $199.8 million and $1.80 per share a year earlier. Net revenue rose 14.0% to $938.2 million, but the provision for credit losses increased to $80.0 million, including an approximate $30 million reserve tied to the Cantor Group V loan. The results were furnished under Item 2.02, with the press release attached as Exhibit 99.1.
Net income of $260.5 million and diluted EPS of $2.28, compared with $2.07 in the second quarter 2025 and $1.80 in the third quarter 2024
Net revenue of $938.2 million, up 14.0% from $823.1 million a year earlier; non-interest expense of $544.4 million
Provision for credit losses of $80.0 million versus $33.6 million in the third quarter 2024, including an approximate $30 million reserve for the Cantor Group V loan
Nonaccrual loans to funded HFI loans of 0.92%, up from 0.65% a year earlier; earnings call set for 12:00 p.m. ET on October 22, 2025
Western Alliance Bancorporation said Vishal Idnani, a J.P. Morgan managing director, will become chief financial officer effective January 2, 2026, after joining in October 2025 as transitioning CFO. Dale Gibbons, the current vice chairman and CFO, moves to vice chairman and chief banking officer for deposit initiatives and innovation, and remains principal financial officer until the 2025 Form 10-K is filed. The change is a planned succession in the finance chief role, with no financial results reported in the filing.
Vishal Idnani, age 40, to join in October 2025 as transitioning CFO and become CFO effective January 2, 2026
Initial annual salary of $670,000, target bonus of 150% of base salary, and a one-time restricted stock award of $700,000
One-time cash relocation award of $250,000 for relocation to Phoenix, Arizona
Dale Gibbons moves to vice chairman and chief banking officer, deposit initiatives and innovation, effective January 2, 2026
Western Alliance Bancorporation reported second quarter 2025 results on July 17, 2025, in a press release furnished under Item 2.02. Net income rose 22.8% from a year earlier to $237.8 million, and diluted earnings per share rose 18.3% to $2.07, while net interest margin fell to 3.53% from 3.63%. For shareholders, the filing shows higher quarterly earnings per share compared with a year earlier.
Diluted EPS of $2.07 versus $1.75 a year earlier, up 18.3%
Net revenue of $845.9 million, up 9.6% from $771.8 million a year earlier
Pre-provision net revenue of $331.2 million, up $46.2 million from $285.0 million a year earlier
Net interest margin of 3.53% versus 3.63% a year earlier; earnings call set for 12:00 p.m. ET on July 18, 2025
Western Alliance Bancorporation reported first quarter 2025 net income of $199.1 million and diluted earnings per share of $1.79, up from a year earlier but down from the fourth quarter of 2024. The company also reappointed Kenneth A. Vecchione as President and Chief Executive Officer, effective April 15, 2025, ending the temporary leave under which Dale Gibbons had served as interim CEO.
Net income of $199.1 million, up 12.2% from $177.4 million a year earlier and down 8.2% from $216.9 million in the fourth quarter of 2024.
Diluted earnings per share of $1.79, compared with $1.60 a year earlier and $1.95 in the fourth quarter of 2024.
Net revenue of $778.0 million, up 6.8% year over year and down 7.2% from the fourth quarter of 2024.
Kenneth A. Vecchione reappointed President and CEO effective April 15, 2025; Dale Gibbons remains Vice Chair and Chief Financial Officer.
Western Alliance Bancorporation's real estate investment trust subsidiary, BW Real Estate, agreed on March 24, 2025 to sell 300,000 shares of 9.500% Series B preferred stock at $1,000 per share liquidation preference. The offering is expected to bring net proceeds before expenses of $294,750,000 and is expected to close on March 27, 2025. The company says the structure is expected to create tax efficiencies for the bank and the parent company.
Offering: 300,000 shares of 9.500% Fixed-Rate Reset Non-Cumulative Exchangeable Perpetual Series B Preferred Stock, $1,000 liquidation preference per share
Expected net proceeds before expenses: $294,750,000
BW may redeem the shares on or after March 30, 2030, subject to regulatory approval; shares are automatically exchangeable into Western Alliance Bank preferred stock upon a specified regulatory directive
Expected closing: March 27, 2025, subject to customary conditions; offering made under Rule 144A and Regulation S
Western Alliance Bancorporation reported fourth quarter 2024 results in a press release furnished under Item 2.02. Net income was $216.9 million and diluted earnings per share were $1.95, up from $1.33 a year earlier and $1.80 in the third quarter. Net interest margin fell to 3.48% and the provision for credit losses rose to $60.0 million, so shareholders saw higher quarterly earnings alongside a lower margin and higher credit provisions.
Q4 2024 net income was $216.9 million, and diluted EPS was $1.95 versus $1.33 in Q4 2023 and $1.80 in Q3 2024.
Full-year 2024 net income was $787.7 million, and EPS was $7.09, up 8.4% from $6.54.
Net interest margin was 3.48%, down from 3.61% in Q3 2024; the provision for credit losses was $60.0 million versus $33.6 million in Q3 2024.
Total deposits were $66.3 billion at December 31, 2024, down $1.7 billion from September 30, 2024.
Western Alliance Bancorporation disclosed that director Kevin Blakely retired from the boards of the company and Western Alliance Bank, effective December 12, 2024. The filing states the retirement does not relate to any disagreement with the company's operations, policies or practices.
Kevin Blakely notified the Board on December 12, 2024 of his retirement, effective the same day
Retirement covers both the Company's and Western Alliance Bank's boards
Filing states no disagreement on operations, policies, practices or any other matter
Western Alliance Bancorporation disclosed that CEO Kenneth Vecchione will take a leave of absence to undergo bypass surgery, starting the following Monday. Vice Chair and CFO Dale Gibbons will serve as interim CEO in addition to his existing duties, with the Board describing its succession planning as prepared for this situation.
Kenneth A. Vecchione, President and CEO, informed the Board of a leave of absence to undergo bypass surgery
Dale Gibbons, Vice Chair and CFO, appointed interim CEO effective December 16, 2024
Chief Banking Officers Tim Bruckner and Steve Curley will join Gibbons on an Executive Committee during the leave
Vecchione expects to return late in the first quarter, according to his letter
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