v3.26.1
CONSOLIDATED INCOME STATEMENTS - USD ($)
shares in Millions, $ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Interest income:    
Loans, including fees $ 915.7 $ 881.0
Investment securities 218.6 165.8
Dividends and other 53.9 48.8
Total interest income 1,188.2 1,095.6
Interest expense:    
Deposits 360.7 378.3
Qualifying debt 13.1 9.3
Other borrowings 48.1 57.4
Total interest expense 421.9 445.0
Net interest income 766.3 650.6
Provision for credit losses 213.2 31.2
Net interest income after provision for credit losses 553.1 619.4
Non-interest income:    
Service charges and fees 88.5 37.2
Net gain on mortgage loan origination and sale activities 72.7 49.5
Net loan servicing (loss) revenue (1.3) 21.8
Income from bank owned life insurance 10.7 11.4
Gain on sales of investment securities 50.5 2.1
Fair value gain adjustments, net 3.1 1.0
Income (loss) from equity investments 13.3 (4.8)
Other income 15.1 9.2
Total non-interest income 252.6 127.4
Non-interest expense:    
Salaries and employee benefits 205.5 182.4
Deposit costs 163.3 136.8
Data processing 53.1 45.2
Legal, professional, and directors' fees 30.6 28.9
Insurance 24.7 37.9
Occupancy 19.2 17.2
Loan servicing expenses 16.7 16.4
Loan acquisition and origination expenses 7.9 5.2
Business development and marketing 9.5 5.9
Other expense 43.9 24.5
Total non-interest expense 574.4 500.4
Income before provision for income taxes 231.3 246.4
Income tax expense 42.1 47.3
Net income 189.2 199.1
Net income attributable to noncontrolling interest 7.1 0.0
Net income attributable to Western Alliance 182.1 199.1
Dividends on preferred stock 3.2 3.2
Net income available to common stockholders $ 178.9 $ 195.9
Earnings per share:    
Basic (dollars per share) $ 1.65 $ 1.80
Diluted (dollars per share) $ 1.65 $ 1.79
Weighted average number of common shares outstanding:    
Basic (shares) 108.2 108.8
Diluted (shares) 108.7 109.6
Dividends declared per common share (dollars per share) $ 0.42 $ 0.38