Flash FinanceUS
Market closed · weekend S&P 5007,376.86+0.31% Nasdaq24,579.42+1.09% Dow 3051,285.73-0.46% Russell 20002,754.11+0.89% Nasdaq-10026,989.99+1.35% MidCap 4003,602.50+0.56% SmallCap 6001,673.98+0.05% VIX25.64-9.01% 10Y Yield4.86+0.45% Close of Nov 06, 2026
AI brief of an SEC Form 8-K · Western Alliance Bancorporation (WAL)

Western Alliance Q1 net income falls 5% to $189.2 million on loan charge-off

Mixed Impact 3 of 5 earnings Written later

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.

Key points

  • 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

The filing

CompanyWestern Alliance Bancorporation (WAL)
Form8-K, current report
Filed with the SECApr 21, 2026, 4:22 PM ET
Accession number0001628280-26-026302

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

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 April 21, 2026.

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.