WAL

Western Alliance reported Q3 2026 revenue of $1.02 billion (up 8.1% YoY) and EPS of $2.45 (up from $2.28), beating consensus estimates. However, the company showed mixed performance on key metrics: efficiency ratio came in higher than expected at 58.1% vs 56.5% estimate, while net interest margin exceeded expectations at 3.6% vs 3.5%. The stock has underperformed the market with a -5.1% return over the past month and carries a Zacks Rank #4 (Sell) rating.

Western Alliance (WAL) beat Q3 2026 earnings expectations with $2.45 EPS versus consensus of $2.43, and revenue of $1.02 billion surpassed estimates by 3.61%. However, the stock has underperformed the S&P 500 by 23.3% year-to-date.

Despite the earnings beat, unfavorable estimate revisions ahead of the release resulted in a Zacks Rank #4 (Sell) rating, suggesting near-term underperformance. The Banks - West industry ranks in the top 18% of Zacks industries.

Western Alliance is set to report Q3 2026 earnings on October 19, with Wall Street expecting 6.6% year-over-year EPS growth to $2.43 per share and 4.3% revenue growth to $989.04 million. However, the stock carries a negative Earnings ESP of -1.54% and a Zacks Rank #4, making it unlikely to beat consensus estimates. The company missed expectations in the last quarter with a -4.72% surprise.

First Hawaiian is expected to report Q3 2026 earnings of $0.60 per share (up 1.7% YoY) with revenues of $229.71 million (up 1.5% YoY) on October 23. The stock has an Earnings ESP of 0% and Zacks Rank #3, making it difficult to predict an earnings beat. The company has beaten consensus estimates in 3 of the last 4 quarters.