Regional banking company Western Alliance Bancorporation (NYSE:WAL) will be reporting results this Tuesday after market close. Here’s what to expect.
Western Alliance Bancorporation beat analysts’ revenue expectations by 0.5% last quarter, reporting revenues of $834.4 million, up 8.2% year on year. It was a mixed quarter for the company, with a narrow beat of analysts’ tangible book value per share estimates but a miss of analysts’ EPS estimates.
Is Western Alliance Bancorporation a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Western Alliance Bancorporation’s revenue to grow 8.5% year on year to $883.4 million, slowing from the 13.7% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.07 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Western Alliance Bancorporation has missed Wall Street’s revenue estimates twice over the last two years.
Looking at Western Alliance Bancorporation’s peers in the regional banks segment, some have already reported their Q3 results, giving us a hint as to what we can expect. First Horizon delivered year-on-year revenue growth of 7.5%, beating analysts’ expectations by 7.7%, and FB Financial reported revenues up 94.2%, topping estimates by 4.2%. First Horizon traded down 13.3% following the results while FB Financial’s stock price was unchanged.
Read our full analysis of First Horizon’s results here and FB Financial’s results here.
Debates around the economy’s health and the impact of potential tariffs and corporate tax cuts have caused much uncertainty in 2025. While some of the regional banks stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 6.9% on average over the last month. Western Alliance Bancorporation is down 19.2% during the same time and is heading into earnings with an average analyst price target of $101.69 (compared to the current share price of $72.35).
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