Western Alliance Bancorporation Common Stock (DE) (WAL) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day, everyone. Welcome to Western Alliance Bank Corporation's first quarter 2026 earnings call. You may also view the presentation today via webcast through the company's website at www.westernalliancebankcorporation.com. I would now like to turn the call over to Myles Pondelik, Director of Investor Relations and Corporate Development. Please go ahead. Thank you and welcome to Western Alliance Bank's first quarter 2026 conference call. Our speakers today are Ken Beccione, President and Chief Executive Officer, and Vishal Adnani, Chief Financial Officer. Before I hand the call over to Ken, please note that today's presentation contains forward-looking statements which are subject to risks, uncertainties, and assumptions. Except as required by law, the company does not undertake any obligation to update any forward-looking statements. For more complete discussion of the risks and uncertainties that could cause actual results to differ materially, from any forward-looking statements, please refer to the company's SEC filing, including the Form 8K filed yesterday, which are available on the company's website. Now for opening remarks, I'd like to turn the call over to Ken Vecchione. Good afternoon, everyone. I'll make some brief comments about our first quarter 2026 performance before handing the call over to Vishal to discuss our financial results and drivers in more detail. After reviewing our revised 2026 outlook, Dale and Tim will join us for Q&A as usual. Western Alliance financial results in the first quarter reflect strong core business performance alongside decisive actions taken on two previously disclosed fraud-related credits. Adjusting for these actions, we generated earnings per share of $2.22, which is consistent with where we were tracking on a reporte...