How much of Western Alliance's $300 million buyback authorization has been used?

The company has repurchased 1.6 million shares for $120.4 million since the program's inception in Q3 2025, leaving $179.6 million (59.9%) remaining. This represents approximately 53.5% execution of the authorization.

What was the average price paid per share in the repurchases?

Western Alliance paid an average of approximately $75.25 per share for the 1.6 million shares repurchased ($120.4 million ÷ 1.6 million shares).

How did the buybacks affect the company's share count?

Diluted shares outstanding decreased to 108.0 million at June 30, 2026, from 109.6 million a year earlier, a net reduction of 1.6 million shares, or 1.5%. This reduction reflects the gross repurchases offset by equity issuances and stock compensation.

Does the filing disclose the execution mechanism for the repurchases?

No, the filing does not specify whether the repurchases were conducted under Rule 10b-18, a 10b5-1 plan, an accelerated share repurchase, or another mechanism. The filing provides only the aggregate repurchase amounts and timing.

How does this buyback support Western Alliance's capital metrics?

The repurchases are accretive to tangible book value per share, which grew 13.2% year-over-year to $63.24 despite the buyback, while the company maintained a robust CET1 capital ratio of 11.0% and generated strong pre-provision net revenue.

When did the $300 million authorization begin?

The $300 million share repurchase program was authorized in the third quarter of 2025, meaning the repurchases disclosed in this Q2 2026 filing span approximately nine months of execution.

WAL-PA 8-K Filed 2026-07-21 Execution disclosure

Western Alliance repurchased 1.6M shares for $120.4M in Q2 2026

Bank has executed 53.5% of its $300M authorization since Q3 2025 inception.

Shares repurchased1.6M

Avg price paid$75.25

Remaining$180M

MechanismNot specified

What the filing says

Western Alliance Bancorporation has repurchased 1.6 million shares for $120.4 million under its $300 million share repurchase program since the program's inception in the third quarter of 2025, as disclosed in the company's second quarter 2026 earnings release filed via 8-K on July 21, 2026. The filing notes that the repurchases have been conducted as part of the company's capital management strategy, with $179.6 million remaining available under the authorization.

The buyback activity reflects the company's confidence in its capital position and ability to return capital to shareholders. With a common equity tier 1 capital ratio of 11.0% as of June 30, 2026, unchanged from the prior quarter, Western Alliance maintained strong regulatory capital levels while executing share repurchases. The company's tangible book value per share increased 3.4% linked-quarter and 13.2% year-over-year to $63.24, demonstrating accretive capital management during a period of solid earnings growth.

The mechanism by which the repurchases are being executed is not specified in the filing. The shares were repurchased at an average price of approximately $75.25 per share ($120.4 million ÷ 1.6 million shares), and diluted shares outstanding declined to 108.0 million at quarter-end from 109.6 million a year prior, reflecting the net impact of repurchases and equity issuances.

The Company has repurchased 1.6 million shares for $120.4 million under the Company's $300 million share repurchase program since its inception in the third quarter 2025. — WESTERN ALLIANCE BANCORPORATION 8-K filing · View on SEC EDGAR →

What this means

Western Alliance's cumulative repurchases of 1.6 million shares represent a modest 1.5% reduction in diluted shares outstanding year-over-year (from 109.6M to 108.0M). At an average price of $75.25 per share and with $179.6 million remaining under the $300 million authorization, the company retains substantial capacity to continue repurchases. The buyback supports per-share metrics—tangible book value grew 13.2% year-over-year despite the repurchase activity—and reflects capital management discipline aligned with the bank's strong regulatory capital ratios and solid earnings momentum through mid-2026.

Frequently asked questions

How much of Western Alliance's $300 million buyback authorization has been used?: The company has repurchased 1.6 million shares for $120.4 million since the program's inception in Q3 2025, leaving $179.6 million (59.9%) remaining. This represents approximately 53.5% execution of the authorization.
What was the average price paid per share in the repurchases?: Western Alliance paid an average of approximately $75.25 per share for the 1.6 million shares repurchased ($120.4 million ÷ 1.6 million shares).
How did the buybacks affect the company's share count?: Diluted shares outstanding decreased to 108.0 million at June 30, 2026, from 109.6 million a year earlier, a net reduction of 1.6 million shares, or 1.5%. This reduction reflects the gross repurchases offset by equity issuances and stock compensation.
Does the filing disclose the execution mechanism for the repurchases?: No, the filing does not specify whether the repurchases were conducted under Rule 10b-18, a 10b5-1 plan, an accelerated share repurchase, or another mechanism. The filing provides only the aggregate repurchase amounts and timing.
How does this buyback support Western Alliance's capital metrics?: The repurchases are accretive to tangible book value per share, which grew 13.2% year-over-year to $63.24 despite the buyback, while the company maintained a robust CET1 capital ratio of 11.0% and generated strong pre-provision net revenue.
When did the $300 million authorization begin?: The $300 million share repurchase program was authorized in the third quarter of 2025, meaning the repurchases disclosed in this Q2 2026 filing span approximately nine months of execution.

execution mid-cap-bank capital-return diluted-shares authorization-inception-q3-2025

Source. This editorial summary is based on the SEC filing linked above. BuybackStocks aggregates and editorializes publicly available SEC EDGAR filings. Not investment advice. Past authorization announcements do not guarantee future repurchase activity or share price performance. See our full disclosures policy.