Western Alliance Bancorp. reported FY 2025 net income of USD 990.6 million and net income available to common stockholders of USD 956.2 million, with diluted EPS of USD 8.73. Net revenue totaled USD 3.54 billion (up 12.0% YoY), including net interest income of USD 2.86 billion and non-interest income of USD 678.2 million, while non-interest expense was USD 2.11 billion. Net interest margin was 3.51%, return on average assets was 1.12%, and the efficiency ratio was 58.9%. At December 31, 2025, total assets were USD 92.77 billion, loans held for investment were USD 58.68 billion, deposits were USD 77.16 billion, and total equity was USD 7.95 billion. Credit quality metrics included nonaccrual loans of USD 500 million and nonperforming assets of USD 817 million (0.69% of total assets); net charge-offs to average loans were 0.24% in FY 2025. The provision for credit losses was USD 224.1 million, reflecting net charge-offs of USD 131.1 million, loan growth, and a USD 29.6 million specific reserve tied to a USD 98.5 million note-finance revolving credit facility to Cantor Group V, LLC that was moved to nonaccrual status amid litigation. Business updates included completion of a brand unity initiative effective October 4, 2025, consolidating legacy division bank brands under the single name Western Alliance Bank. The company also highlighted proactive CRE monitoring and actions to limit CRE portfolio growth; CRE-related loans were approximately 27% of total loans at December 31, 2025, and FY 2025 included USD 55.5 million of gross charge-offs on CRE non-owner occupied loans, primarily office-related, alongside the repossession of five CRE office properties.

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