Western Alliance Q3 net income rises on expanding interest income

Western Alliance Bancorporation

21/10/2025 21:19

Overview

Western Alliance Q3 net income rises 30.4% yr/yr to $260.5 mln

Earnings per share for Q3 increases 26.7% yr/yr to $2.28

Company's total deposits grow 13.5% yr/yr to $77.2 bln

Outlook

Company did not provide specific guidance for future quarters or full year in press release

Result Drivers

NET INTEREST INCOME - Growth driven by higher average interest-earning asset balances, partially offset by increased deposit balances

NON-INTEREST INCOME - Increase driven by gains in mortgage loan origination and sale activities

DEPOSIT GROWTH - Total deposits increased by $6.1 bln, contributing to asset growth

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
$2.28
Q3 Net Income
$260.50 mln
Q3 Net Interest Income
$750.40 mln
Q3 Credit Loss Provision
-$80 mln
Q3 Net Interest Margin
3.53%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy", no "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy"

Wall Street's median 12-month price target for Western Alliance Bancorp is $100.00, about 24.6% above its October 20 closing price of $75.40

The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 8 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)