Western Alliance Q3 net income rises to $260.5 million; EPS $2.28
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.
Key points
- 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
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:17 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 21, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.