Western Alliance Bancorp reports results for the quarter ended June 30 - Earnings Summary
Western Alliance Bancorp reports results for the quarter ended June 30 - Earnings Summary
Western Alliance Bancorp WAL.N reported quarterly adjusted earnings of $2.36 per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $2.07. The mean expectation of fifteen analysts for the quarter was for earnings of $2.36 per share. Wall Street expected results to range from $2.06 to $2.59 per share.
Revenue rose 17.7% to $995.70 million from a year ago; analysts expected $969.68 million.
Western Alliance Bancorp's reported EPS for the quarter was $2.36.
The company reported quarterly net income of $258.5 million.
Western Alliance Bancorp shares had fallen by 1.5% this quarter and lost 3.7% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 4.7% in the last three months.
In the last 30 days, seven analysts negatively revised earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell." The average consensus recommendation for the banks peer group is also "buy"
Wall Street's median 12-month price target for Western Alliance Bancorp is $90.50, about 11% above its last closing price of $80.50
This summary was machine generated from LSEG data July 21 at 09:01 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING | ESTIMATE | ACTUAL | BEAT, MET, MISSED |
Jun. 30 2026 | 2.36 | 2.36 | Met |
Mar. 31 2026 | 1.59 | 1.65 | Beat |
Dec. 31 2025 | 2.40 | 2.59 | Beat |
Sep. 30 2025 | 2.09 | 2.28 | Beat |
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Brief: Western Alliance Bancorporation - Q2 Total Deposits $81.90 Billion, Down $849 Million Or 1.0% - SEC Filing