WALNYSEState Commercial Banks

Western Alliance Bancorporation (WAL) earnings date, market-implied expected move, and options open interest by expiry

76.25

−1.55 · −1.99%

post 76.25 0.00%

Closed16:00 ET

Open77.51Volume906,671Mkt cap$8.2BP/E8.40EPS9.08Div yield2.20%

Day75.89 – 77.7120%52-wk65.11 – 95.7536%

WAL

Western Alliance Bancorporation

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

No implied move.

Expected move

Inputs

Next report

Jan 25

after close · in 86 days

est.Q4 FY26

Calendar

Next report

Last report

+2.27%

vs ±8.3% implied · ×0.27

shaded = implied · ▲▼ = realized

Oct 19 '26 · confirmed

Implied vs realized

Largest filed tie

—

Supply chain

Largest filed tie

13F top-10 QoQ

+7.29%

shares held · 10 largest managers

13F · Jun 30 '26123d lag

496 managers

Top fund weight

0.23%

WAL weight · MDY

N-PORTJun 30 '26

4 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Western Alliance Bancorporation (WAL) is expected to report on Jan 25 after close (estimated date).

Implied vs realized

2 reports

—≥ implied

Q2 FY26Jul 21 '26confirmed—▲+0.17%—

Q3 FY26Oct 19 '26confirmed±8.3%▲+2.27%×0.27

quarterimplied−10%0+10%realized×

Q3 FY26±8.3%▲+2.27%×0.27

Q2 FY26—▲+0.17%

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 4 expiries · Oct 30 close

3.62OI · 4 expiries · Oct 30 closeP/C open interest · Mar 19 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

1,905−2%Nov 2020d1.391,3710%1.39

1,0920%Dec 1848d1.666590%1.66

7,0630%Jan 1576d1.205,8750%1.20

report · Jan 25 · after close · est.

1,1910%Mar 19139d3290%

ExpiryPutsCallsP/C

Nov 2020d1,905−2%1,3710%1.39

Dec 1848d1,0920%6590%1.66

Jan 1576d7,0630%5,8750%1.20

report · Jan 25 · after close · est.

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

No implied move.

Linked exposure

Revenue flow

as filedQ3 FY26

26.87%as filednet margin · revenue +2.19% QoQ · +9.96% YoY

Revenue$1.0B+2.19%

Pre-tax income$339M+2.14%

Net income$277M26.87%+3.13%

Tax$62M−2.06%

Source: SEC filings · standardized · QE Sep 30 '26 · bars = % of revenue

Revenue flow

Intraday

15m bars

Hatch = extended hours · ▯ up · ▮ downSource: market data · 16:00 ET

Intraday

Event sensitivity

FOMC ×1.72· ±3.1% vs ±1.8% · 25 releases

eventrelease day|move|up · n×base

FOMCrate decision±3.1%12 of 25×1.72

PPIproducer prices±2.3%5 of 11×1.29

NFPjobs report±1.4%3 of 10×0.75

GDPgross domestic product±1.3%11 of 20×0.70

CPROFcorporate profits±1.2%7 of 12×0.66

PCEpersonal income & outlays±1.1%11 of 20×0.62

CPIconsumer prices±1.0%5 of 11×0.56

Bar = avg |move| to ±4% · tick = ±1.8% avg day · ×base = |move| ÷ ±1.8% · min 6 releases

Earnings history

EPS 2.45 · consensus —

Quarter	Reported	EPS	Consensus
Q3 FY26	Oct 19 '26 · confirmed	2.45	—
Q2 FY26	Jul 21 '26 · confirmed	2.36	—
Q1 FY26	—	1.65	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod