v3.26.1
CONSOLIDATED INCOME STATEMENTS - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Interest income:        
Loans, including fees $ 941.5 $ 914.3 $ 1,857.2 $ 1,795.3
Investment securities 243.0 199.7 461.6 365.5
Dividends and other 47.4 40.4 101.3 89.2
Total interest income 1,231.9 1,154.4 2,420.1 2,250.0
Interest expense:        
Deposits 370.5 377.8 731.2 756.1
Qualifying debt 13.8 8.2 26.9 17.5
Other borrowings 50.7 70.8 98.8 128.2
Total interest expense 435.0 456.8 856.9 901.8
Net interest income 796.9 697.6 1,563.2 1,348.2
Provision for credit losses 80.4 39.9 293.6 71.1
Net interest income after provision for credit losses 716.5 657.7 1,269.6 1,277.1
Non-interest income:        
Service charges and fees 63.1 39.7 151.6 80.2
Net gain on mortgage loan origination and sale activities 53.4 39.4 126.1 88.9
Net loan servicing revenue 31.3 38.3 30.0 60.1
Income from bank owned life insurance 10.8 11.0 21.5 22.4
Gain on sales of investment securities 3.0 11.4 53.5 13.5
Fair value gain adjustments, net 12.8 0.1 15.9 1.1
Income (loss) from equity investments 11.9 2.9 25.2 (1.9)
Other income 12.5 5.5 27.6 11.4
Total non-interest income 198.8 148.3 451.4 275.7
Non-interest expense:        
Salaries and employee benefits 204.3 179.9 409.8 362.3
Deposit costs 179.2 147.4 342.5 284.2
Data processing 52.1 45.0 105.2 90.2
Legal, professional, and directors' fees 32.8 25.3 63.4 54.2
Insurance 28.3 37.4 53.0 75.3
Occupancy 21.1 16.9 40.3 34.1
Loan servicing expenses 17.6 20.1 34.3 36.5
Loan acquisition and origination expenses 8.8 5.8 16.7 11.0
Business development and marketing 8.3 6.1 17.8 12.0
Other expense 30.8 30.8 74.7 55.3
Total non-interest expense 583.3 514.7 1,157.7 1,015.1
Income before provision for income taxes 332.0 291.3 563.3 537.7
Income tax expense 63.2 53.5 105.3 100.8
Net income 268.8 237.8 458.0 436.9
Net income attributable to noncontrolling interest 7.1 7.4 14.2 7.4
Net income attributable to Western Alliance 261.7 230.4 443.8 429.5
Dividends on preferred stock 3.2 3.2 6.4 6.4
Net income available to common stockholders $ 258.5 $ 227.2 $ 437.4 $ 423.1
Earnings per share:        
Basic (dollars per share) $ 2.37 $ 2.08 $ 4.00 $ 3.89
Diluted (dollars per share) $ 2.36 $ 2.07 $ 3.99 $ 3.86
Weighted average number of common shares outstanding:        
Basic (shares) 107.8 109.0 108.0 108.9
Diluted (shares) 108.0 109.6 108.1 109.6
Dividends declared per common share (dollars per share) $ 0.42 $ 0.38 $ 0.84 $ 0.76