Western Alliance reports Q2 EPS of $2.36, up 6.3% on $1.8B loan growth and stable margin

Filed July 21, 2026 · Period ending July 21, 2026 · ~2 min read

Key Changes

• high

  Net income of $268.8M and EPS of $2.36, up 6.3% from Q1's adjusted $2.22 (which excluded a $126.4M LAM charge-off). Return on average tangible common equity was 15.3%.

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• high

  Loans grew $1.8B (3.1%) to $60.9B, driven by $1.5B in C&I growth. Deposits fell $849M (1.0%) to $81.9B as the company executed a deposit optimization strategy to reduce higher-cost funding.

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• high

  Net interest margin held at 3.53%, essentially flat to Q1's 3.54%, as lower funding costs (1.90% vs. 1.92%) offset declining asset yields. Net interest income rose 4.0% to $796.9M on $2.7B average earning asset growth.

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