Western Alliance Bancorporation (WAL) Stock Climbs on Strong Q3 Results and Deposit Growth
Western Alliance Bancorporation's stock ROSE to $76.25 following a robust third-quarter performance, marked by a 26.7% year-over-year increase in earnings per share to $2.28. Net income surged 30.4% to $260.5 million, driven by loan growth and an 8.6% jump in deposits to $77.2 billion. The bank's net interest margin held steady at 3.53%, while the CET1 ratio of 11.3% underscored strong capital resilience.
Revenue climbed 10.9% sequentially to $938.2 million, fueled by higher net interest income and mortgage banking gains. Pre-provision net revenue reached a record $393.8 million, reflecting disciplined cost management and stable funding. The efficiency ratio improved to 47.8%, signaling operational strength amid broader banking sector volatility.
