Western Alliance Q3 revenue misses as deposits lag, EPS beats consensus
Western Alliance reported Q3 adjusted EPS above estimates, but revenue and deposits came in below analyst expectations, according to Seeking Alpha.
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what happened
According to Seeking Alpha, Western Alliance posted third-quarter adjusted diluted EPS of $2.45, up from $2.28 a year earlier. That beat the Visible Alpha consensus of $2.43.
Net interest income rose 7.6% year over year to $807.6 million from $750.4 million, but fell short of the $813.3 million consensus. Non-interest income climbed 10.0% to $206.6 million, versus a $172.66 million estimate. Provision for credit losses held at $80.0 million, compared with a $72.16 million consensus.
Total assets slipped to $98.07 billion from $98.70 billion, below the $98.91 billion forecast. Total deposits dipped to $81.76 billion from $81.87 billion, missing the $82.73 billion consensus. The earnings call is scheduled for tomorrow at 12:00 PM ET.
why it matters
The report shows weak deposits and revenue, offset by a solid profit driven by non-interest income. For investors in US regional banks, funding trends and loan quality remain the key watchpoints.
market impact
US banks: profit beat, but weak deposits weigh on the regional bank sector
tags
instruments
sources
- Western Alliance's Q3 revenue misses as deposits lag; EPS exceeds consensus — Seeking Alpha, 19 October 2026 at 21:08 UTC
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