Western Alliance Bancorp (WAL) reported fourth-quarter net income of $32.1 million, more than quadruple compared to $7.1 million in the prior year quarter. Earnings per share grew to $0.37, up from $0.07 per share in the year-ago quarter.
Net income was $18.9 million for the quarter, excluding $14.8 million net effect from certain transactions which include the effect of the bargain purchase gain on Western Liberty, $1.9 million of securities gains, $0.9 million net legal settlements, $5.6 million accrued disposition costs and $1.2 million large loan prepayment fee
Earnings per share were $0.22, excluding $0.15 per share net effect from certain transactions which include the effect of the bargain purchase gain on Western Liberty, $0.02 per share securities gains, $0.01 per share net legal settlements, $0.04 per share accrued disposition cost related to affinity credit card services and $0.01 per share for loan prepayment fee
Net revenue was $82.5 million, an increase of 11.0 percent from $74.3 million a year earlier.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.22 per share on revenues of $82.92 million for the quarter. Analysts' estimates typically exclude special items.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.