Filing Flows › Western Alliance Bancorporation (WAL) › Q3 2026
Western Alliance Bancorporation (WAL) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 30, 2026
Western Alliance Bancorporation (WAL) reported revenue of $1.0B for the third quarter 2026 (Q3 2026), +8% from a year earlier and +2% from the quarter before. Operating margin was 33.4%, net earnings $270M (26.6% of revenue).
Western Alliance Bancorporation, Q3 2026: revenue $1.0B (+8% year over year), operating margin 33.4%, net earnings $270M, operating cash flow $770M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.0B | +2% | +8% |
| Operating profit | $339M | +2% | +8% |
| Net earnings | $270M | +3% | +7% |
| Operating cash flow | $770M | — | — |
What changed
Revenue was $1.0B in Q3 2026, up 8% year over year and up 2% from the previous quarter. Net interest income was the largest line at 80% of revenue. Net interest income added $0.06B year over year (up 8%), 75% of the total change.
Operating profit was $0.34B, a 33.4% margin (unchanged year over year). Of the extra revenue versus Q3 2025, 33% reached operating profit, below the 33% margin then. Total costs grew 8% against revenue growth of 8%. Net earnings were $0.27B, up 7% year over year. The effective tax rate was 18.3%.
Operating cash flow was $0.77B, 278% of net income including minority interests. Non-cash charges added back $0.03B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items added $0.44B.
Questions
What was Western Alliance Bancorporation's revenue in the third quarter 2026?
Western Alliance Bancorporation (WAL) reported revenue of $1.0B for the third quarter 2026 (Q3 2026), +8% from a year earlier and +2% from the quarter before.
Was Western Alliance Bancorporation profitable in the third quarter 2026?
Operating profit was $339M (33.4% of revenue) and net earnings $270M.