Get notified when WAL files again. Create a free account and we'll email you the moment its next filing is analyzed.
Get filing alertsRed Flags Detected
- Two New Material Lawsuits With Charge-offs Totaling $152.5m (new) — The company disclosed a $126.4M charge-off on a Jefferies/Leucadia trade finance loan and a $26.1M charge-off on a Cantor Group V fraud claim, indicating significant credit deterioration.
- Provision For Credit Losses More Than Doubled to $373.6m For Nine Months (worsened) — The provision for credit losses increased from $151.1M to $373.6M, reflecting higher net charge-offs and loan growth.
- Gross Charge-offs Tripled to $314.7m For Nine Months (worsened) — Gross charge-offs increased from $94.6M to $314.7M, driven by other commercial and industrial and CRE non-owner occupied loans.
- Accumulated Other Comprehensive Loss Widened to $786m (worsened) — Unrealized losses on available-for-sale securities increased due to rising interest rates, deepening the AOCI loss from $409M to $786M.
Western Alliance Q3 net income rises 6.6% to $270.1M; two new lawsuits trigger $152.5M in charge-offs
Filed October 30, 2026 · Period ending September 30, 2026 · Compared to 10-Q Nov 3, 2025 · ~1 min read
Key Changes
-
high
Two new material lawsuits disclosed: a $126.4M charge-off on a Jefferies/Leucadia trade finance loan and a $26.1M charge-off on a Cantor Group V fraud claim.
Legal Proceedings verify on EDGAR → -
high
Net income rose 6.6% to $270.1M, with diluted EPS up 7.5% to $2.45, despite a more than doubling of provision for credit losses to $373.6M for the nine months.
MD&A: Financial Results verify on EDGAR → -
medium
Deposit optimization strategy reduced higher-cost deposits by $4.5B cumulatively, including $3.0B in Q3, helping lift net interest margin 4 bps to 3.57%.
MD&A: Deposits verify on EDGAR →
2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
Want to see a complete report first? Today's free report (FUL 10-Q) is open in full — no account needed.
Partner
Trade WAL commission-free
Open an account, get a free stock.
Investing involves risk. Free stock terms apply.
Thanks — your feedback helps us improve report quality.
Figures/quotes linked to EDGAR · Narrative written by AI · Nov 2, 2026 · How we verify