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Red Flags Detected

  • Debt Default (new) — A trade finance loan entered default due to servicing failures, leading to a $126.4 million charge-off and litigation against Jefferies/Leucadia.
NYSE: WAL WESTERN ALLIANCE BANCORPORATION 10-Q

WAL Q2 2026: Net income up 13.6% to $261.7M, but two lawsuits trigger in charge-offs

Filed July 31, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 1, 2025 · ~1 min read

Key Changes

  • high

    Net income rose 13.6% to $261.7M, with diluted EPS up 14.0% to $2.36, driven by higher net interest income and non-interest income.

    MD&A: Financial results verify on EDGAR →
  • high

    Two new material lawsuits disclosed: one against Cantor Group V (fraud, $26.1M charge-off) and one against Jefferies/Leucadia (breach of contract, $126.4M charge-off).

    Legal Proceedings verify on EDGAR →
  • high

    Nonperforming loans to funded HFI loans increased to 0.92% from 0.85% at year-end 2025, reflecting deterioration in asset quality.

    MD&A: Nonperforming loans verify on EDGAR →

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View original filing on SEC.gov View full financials on EDGAR ↗

Figures/quotes linked to EDGAR · Narrative written by AI · Sep 4, 2026 · How we verify