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Q2 2026 · read from the 30 June 2026 Call Report · United States · Southwest · Arizona, the state note

Western Alliance Bank

Phoenix, Arizona · $98.57B in assets · beside the 11 other the Southwest banks over $10B (the state alone holds too few in the band to rank)

The filing

2.82%
NPA / loans
11th of 12
0.3x
Coverage of noncurrent
10th of 11
8.0%
Equity / assets
10th of 12

Western Alliance Bank is the second largest of the 12 the Southwest banks nearest its size over $10B, with $98.57B in assets at 30 June 2026. Loans are 79.7% of deposits, 7th of 12 against a median of 77.8%, and equity is 8.0% of assets, 10th of 12. Loans grew +10.5% in the year, 4th of 12, and deposits grew 15.3%; the cohort's median loan growth is +4.6%.

Noncurrent loans are 2.82% of the book, 11th of 12 against a median of 0.92%; 0.42% is 30 to 89 days past due, and the allowance covers them 0.3 times. Net charge-offs are 0.80% of loans, 10th of 12. Commercial real estate is 21.8% of loans, 6th of 12 against a median of 23.0%, and 161% of capital, below the 300% screen, with construction at 46% against the 100% screen.

Return on assets is 1.13%, 7th of 12 against a median of 1.16%, on an efficiency ratio of 55.9%, 6th of 12. Five years ago it was 1.45%. The question is which of these lines moves first over the next four quarters, and against which peer.

Nonperforming loans, share of loansSouthwest banks over $10B · 30 June 2026 · lower is stronger, listed first
median 0.92% CS Charles Schwab Premier Bank SS 0.00% PB Prosperity Bank 0.48% TC Texas Capital Bank 0.50% BN BOKF National Association 0.54% FB Frost Bank 0.55% FF First Financial Bank 0.77% UF USAA Federal Savings Bank 1.07% N Nexbank 1.47% SB Sunflower Bank National Association 1.63% FU First United Bank & Trust Co. 1.69% WA Western Alliance Bank 2.82% MB MidFirst Bank 18.31%
Loans, year over yearSouthwest banks over $10B · 30 June 2026 · no better direction, largest first
median +4.6% SB Sunflower Bank National Association +77.5% PB Prosperity Bank +12.8% BN BOKF National Association +11.5% WA Western Alliance Bank +10.5% FB Frost Bank +8.1% UF USAA Federal Savings Bank +5.0% TC Texas Capital Bank +4.3% FF First Financial Bank +3.2% MB MidFirst Bank +1.7% FU First United Bank & Trust Co. +0.1% N Nexbank -2.2% CS Charles Schwab Premier Bank SS -100.0%

SBA 7(a), FY2008 to FY2026

Western Alliance Bank is the 44th largest 7(a) lender into California of 512, with $334M across 383 loans, 0.5% of everything approved in the state (Wells Fargo Bank National Association leads with $5.56B). 29 of its 49 markets have had no approvals since before FY2023: an absence in the record, not a stated withdrawal.

Where it lends in California, and where it has gone quietshare movement, FY2023 to FY2025 against FY2020 to FY2022; outlined counties are on the book
Gaining shareLosing shareFlatGone quiet: nothing since FY2023Too thin to read a directionNo record
Every market on the book, largest firstrank and share among every lender in the county, FY2008 to FY2026
CountyApprovedRankShareTrend
Maricopa, AZ$119M19th of 3031.6%-0.0 pts
Clark, NV$92M7th of 2293.3%-2.9 pts
Santa Clara, CA$87M6th of 1873.3%-0.2 pts
Los Angeles, CA$57M62nd of 3080.3%-0.0 pts
Orange, CA$40M41st of 2560.5%+0.2 pts
San Diego, CA$35M36th of 2380.6%+0.4 pts
Alameda, CA$25M25th of 1791.1%thin
San Mateo, CA$22M12th of 1292.0%quiet FY2020
Washoe, NV$21M6th of 1133.2%+2.4 pts
Pima, AZ$20M12th of 1401.9%-0.6 pts
Coconino, AZ$17M6th of 785.2%thin
San Bernardino, CA$12M62nd of 2130.3%quiet FY2021
San Francisco, CA$12M32nd of 1400.8%quiet FY2021
36 smaller markets not shown.
What it lends to: the five largest industries on the bookshare of book is concentration; share of sector and rank are position, among every 7(a) lender nationally
IndustryLoansApprovedShare of bookShare of sectorRank
Accommodation & food services114$100M15.9%0.13%143rd of 2,596
Health care & social assistance122$76M12.1%0.16%90th of 2,172
Manufacturing67$66M10.5%0.17%107th of 2,246
Retail trade90$64M10.2%0.10%153rd of 2,589
Construction91$59M9.5%0.19%85th of 2,063
7(a) lenders into California, share of approvals since FY2008512 lenders on record; the ten largest and Western Alliance Bank
WF Wells Fargo Bank National Associa… 8.5% $5.56B · 15,065 loans UB U.S. Bank, National Association 7.3% $4.78B · 14,424 loans LO Live Oak Banking Company 4.5% $2.95B · 2,312 loans EB Enterprise Bank & Trust 4.3% $2.82B · 2,975 loans Bo Bank of Hope 3.9% $2.57B · 6,200 loans CB Columbia Bank 3.6% $2.33B · 3,734 loans JC JPMorgan Chase Bank, National Ass… 2.8% $1.86B · 9,370 loans OB Open Bank 2.5% $1.65B · 1,421 loans HS Harvest Small Business Finance, L… 2.4% $1.59B · 1,278 loans CB Celtic Bank Corporation 2.4% $1.57B · 2,551 loans WA Western Alliance Bank 0.5% $334M · 383 loans

Commercial real estate against capital

Commercial real estate concentrationthe 2006 interagency screens against total risk-based capital; owner-occupied excluded; bold marks a screen met
Western Alliance BankRankCohort median
Total CRE against capital, the 300% screen161%9th of 12127%
Construction against capital, the 100% screen46%8th of 1226%
Construction and land development, share of loans6.2%8th of 124.5%
Non-owner-occupied nonfarm nonresidential, share of loans14.6%8th of 1211.8%
Total CRE, the guidance definition, share of loans21.8%6th of 1223.0%
CRE growth over 36 months, the third prong-0.3%4th of 11+4.4%

Among its peers

Where it sits among its peersnavy: the stronger half of each column; amber: the weaker; darker at the ends
InstitutionAssetsROAEfficiencyNPA / loansNet charge-offsAllowance / loansLoans / depositsEquity / assets
USAA Federal Savings Bank$106.19B0.9%69.2%1.07%2.03%4.1%50.3%5.5%
Western Alliance Bank$98.57B1.1%55.9%2.82%0.80%0.7%79.7%8.0%
Frost Bank$53.95B1.3%62.5%0.55%0.13%1.2%52.6%8.6%
BOKF National Association$52.98B1.2%62.4%0.54%0.02%1.0%67.8%10.8%
Prosperity Bank$43.88B1.4%51.1%0.48%0.35%1.5%76.0%18.5%
MidFirst Bank$42.83B1.4%52.9%18.31%0.06%0.6%132.4%9.8%
Texas Capital Bank$33.62B1.0%59.3%0.50%0.27%1.1%84.9%10.1%
Charles Schwab Premier Bank SS$26.58B1.5%14.9%0.00%0.00%0.0%0.0%7.9%
First United Bank & Trust Co.$16.59B0.9%71.5%1.69%0.06%1.0%96.0%9.7%
Sunflower Bank National Association$15.65B0.2%75.2%1.63%0.90%1.5%86.9%12.3%
First Financial Bank$15.23B1.7%44.9%0.77%-0.01%1.3%62.9%11.8%
Nexbank$14.16B1.1%50.8%1.47%0.06%0.4%84.5%8.4%
Five years, 2021 to 2026same quarter, five years apart; dollars as growth, ratios in points
Western Alliance BankCohort median
20212026Change20212026Change
Loans$34.49B$65.57B+90%$17.93B$23.97B+34%
Deposits$42.31B$82.32B+95%$29.24B$27.35B-6%
NPA / loans1.40%2.82%+1.42 pts0.95%0.92%-0.03 pts
Efficiency52.4%55.9%+3.5 pts56.3%57.6%+1.3 pts
ROA1.45%1.13%-0.31 pts1.27%1.16%-0.10 pts

This read was prepared for Western Alliance Bank's board and management from the public record, and is one slice of what Lynx builds for any bank from its own filing: the peer cohort, the capital, liquidity and rate models with the assumptions the institution sets, and a summary report of twenty sections for the board.

The full pack on Western Alliance Bank is prepared on request, and thirty days on the institution's own numbers are open to anyone at the bank.

Ask for the pack

Prepared 7 September 2026
Filing 30 June 2026
Cohort Southwest banks over $10B
Institution www.westernalliancebancorporation.com

Public record only: FFIEC Call Report, 30 June 2026; FDIC data; cohort by New England and asset band; SBA 7(a) FOIA release as of the 2026 file, loans credited to the institution holding them today. Computed from the institution's own Call Report and its peers' as published; no estimate, no adjustment; not a rating, not an audited statement and not a supervisory judgement.
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