Western Alliance (WAL) Reports Q1 2026 Earnings with Adjusted EPS of $2.22
Western Alliance (WAL) reported Q1 2026 earnings with adjusted EPS of $2.22 after accounting for fraud-related charge-offs. The company stated that these issues are now largely resolved, allowing it to refocus on core performance. The charge-off related to a $126.4 million loan to Lucadia Asset Management was fully recognized, and legal action has been initiated.
Tickers: $WAL
Topics: Charge-offs Earnings Financial Performance Fraud Legal Action