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# Western Alliance CEO Says 'We Don't Have A Broken Company' As Bank Slows Growth And Cuts Deposit Outlook
- URL: https://www.bullished.co/western-alliance-ceo-says-we-dont-have-a-broken-company-as-bank-slows-growth-and-cuts-025303b3/
- Published: 2026-10-20T17:36:24.000Z
- Updated: 2026-10-29T19:43:33.000Z
- Description: Ken Vecchione said the market did not reward growth above peers, and the bank cut its 2026 deposit-growth outlook to $3.5 billion to $4 billion.
- Author: Matteo Parrino
- Tags: Earnings, WAL, Industry: Financials

[Western Alliance](https://www.bullished.co/tag/wal/) Chairman, President and CEO Ken Vecchione said on the bank's third-quarter earnings call that "We don't have a broken company here," and that management is reevaluating how to get its valuation higher. The bank also [cut its 2026 deposit-growth outlook](https://seekingalpha.com/news/4654426-western-alliance-q3-earnings-beat-helped-by-investment-securities-gain-lower-deposit-costs?ref=bullished.co) to a range of $3.5 billion to $4 billion, from $6 billion.

## What Vecchione said about growth

An analyst from RBC Capital Markets asked whether the more moderate loan-growth approach was holding the businesses back. Vecchione answered

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Vecchione said the bank will give more specific guidance when it reports fourth-quarter results in January.

Learn

- [How To Read An Earnings Call Transcript: Start With Guidance, Then Find What's Missing →](https://www.bullished.co/learn/how-to-read-an-earnings-call/)  
How to read an earnings call transcript: check guidance first, look for dropped metrics, compare growth with last quarter, and watch hedged wording.

### Sources

- [Western Alliance Q3 earnings beat, helped by investment securities gain, lower deposit costs (WAL:NYSE) | Seeking Alpha](https://seekingalpha.com/news/4654426-western-alliance-q3-earnings-beat-helped-by-investment-securities-gain-lower-deposit-costs?ref=bullished.co) — seekingalpha.com
- [Document](https://www.sec.gov/Archives/edgar/data/1212545/000162828026066286/pressrelease-9302026.htm?ref=bullished.co) — sec.gov
- [Western Alliance beats Q3 estimates on higher revenue](https://finance.yahoo.com/markets/stocks/articles/western-alliance-beats-q3-estimates-210600460.html?ref=bullished.co) — Yahoo Finance
- [Western Alliance Bancorporation (WAL) Stock Forecasts](https://ca.finance.yahoo.com/research/reports/ARGUS%5F6368%5FQuantitativeReport%5F1791936000000/?ref=bullished.co) — Yahoo Finance
- [Western Alliance (WAL) Q3 Earnings and Revenues Beat Estimates](https://finance.yahoo.com/markets/stocks/articles/western-alliance-wal-q3-earnings-210003367.html?ref=bullished.co) — Yahoo Finance

### More on Western Alliance Bancorporation

- [Western Alliance Nonaccrual Loans Fall 14% To $485 Million As Bank Cuts 2026 Loan And Deposit Growth Targets](https://www.bullished.co/western-alliance-nonaccrual-loans-fall-14-to-485-million-as-bank-cuts-2026-loan-and-98e12d87/)

[All Western Alliance Bancorporation (WAL) coverage →](https://www.bullished.co/tag/wal/)