Western Alliance (WAL) Q1 Earnings Surpass Estimates

Core Insights - Western Alliance (WAL) reported quarterly earnings of $1.79 per share, exceeding the Zacks Consensus Estimate of $1.78 per share, and up from $1.72 per share a year ago, representing an earnings surprise of 0.56% [1] - The company posted revenues of $788.2 million for the quarter ended March 2025, which missed the Zacks Consensus Estimate by 0.78%, but increased from $738.4 million year-over-year [2] - The stock has underperformed, losing about 20.6% since the beginning of the year compared to the S&P 500's decline of 10.2% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $2 on revenues of $838.84 million, and for the current fiscal year, it is $8.67 on revenues of $3.41 billion [7] - The estimate revisions trend for Western Alliance is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Context - The Zacks Industry Rank for Banks - West is in the top 36% of over 250 Zacks industries, suggesting that stocks in the top 50% outperform those in the bottom 50% by more than 2 to 1 [8] - First Northwest Bancorp (FNWB), another company in the same industry, is expected to report quarterly earnings of $0.12 per share, reflecting a year-over-year change of +200% [9]