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6Apr 21, 2026·SEC
Mar 6, 2026·SEC
Feb 20, 2026·SEC
Western Alliance Bancorporation (WAL) fundamental analysis — strengths, weaknesses & financial health based on data analysis
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Western Alliance Bancorporation (WAL) stock price & volume — 10-year historical chart
Western Alliance Bancorporation (WAL) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Western Alliance Bancorporation (WAL) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 21, 2026 | $1.68vs $1.62+3.7% | $999Mvs $958M+4.2% |
| Q1 2026 | Jan 27, 2026 | $2.59vs $2.40+7.9% | $981Mvs $913M+7.4% |
| Q1 2026 | Jan 26, 2026 | $2.59vs $2.40+7.9% | $981Mvs $913M+7.4% |
| Q4 2025 | Oct 21, 2025 | $2.28vs $2.08+9.6% | $923Mvs $888M+3.9% |
Western Alliance Bancorporation (WAL) competitors in Commercial and middle-market focused banks — business model, growth, and fundamentals comparison
Western Alliance Bancorporation (WAL) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Western Alliance Bancorporation (WAL) annual income statement — 10-year revenue, gross profit & net income history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
Net Interest Income | 784.66M | 915.9M | 1.04B | 1.17B | 1.55B | 2.22B | 2.34B | 2.62B | 2.86B |
NII Growth % | 19.39% | 16.73% | 13.59% | 12.16% | 32.73% | 43.1% | 5.53% | 11.97% | 9.39% |
Net Interest Margin % | 3.86% | 3.96% | 3.88% | 3.2% | 2.77% | 3.27% | 3.3% | 3.24% | 3.09% |
Interest Income | 845.51M | 1.03B | 1.23B | 1.26B | 1.66B | 2.69B | 4.04B | 4.54B | 4.69B |
Interest Expense | 60.85M | 117.6M | 184.6M | 94.9M | 109.9M | 475.5M | 1.7B | 1.92B | 1.83B |
Loan Loss Provision | 17.25M | 25M | 19.3M | 123.6M | -28.6M | 68.1M | 62.6M | 145.9M | 224.1M |
Non-Interest Income | 37.39M | 34.2M | 61.3M | 72.3M | 343.5M | 269.1M | 221.9M | 475.1M | 582.8M |
Non-Interest Income % | 4.24% | 3.2% | 4.77% | 5.42% | 17.16% | 9.09% | 5.21% | 9.47% | 11.05% |
Total Revenue | 882.91M▲ 0% | 1.07B▲ 20.9% | 1.29B▲ 20.5% | 1.33B▲ 3.7% | 2B▲ 50.1% | 2.96B▲ 47.9% | 4.26B▲ 43.8% | 5.02B▲ 17.8% | 5.28B▲ 5.2% |
Revenue Growth % | 19.54% | 20.93% | 20.47% | 3.72% | 50.08% | 47.88% | 43.78% | 17.83% | 5.17% |
Non-Interest Expense | 352.99M | 414.8M | 478.2M | 493.1M | 797.9M | 1.1B | 1.56B | 1.96B | 2.02B |
Efficiency Ratio | 39.98% | 38.85% | 37.18% | 36.96% | 39.85% | 37.19% | 36.75% | 39.01% | 38.22% |
Operating Income | 451.82M▲ 0% | 510.3M▲ 12.9% | 604.2M▲ 18.4% | 622.5M▲ 3.0% | 1.12B▲ 80.4% | 1.32B▲ 17.2% | 933.6M▼ 29.1% | 991.2M▲ 6.2% | 1.21B▲ 21.8% |
Operating Margin % | 51.17% | 47.79% | 46.97% | 46.66% | 56.09% | 44.45% | 21.93% | 19.76% | 22.88% |
Operating Income Growth % | 25.09% | 12.94% | 18.4% | 3.03% | 80.4% | 17.2% | -29.06% | 6.17% | 21.79% |
Pretax Income | 451.82M▲ 0% | 510.3M▲ 12.9% | 604.2M▲ 18.4% | 622.5M▲ 3.0% | 1.12B▲ 80.4% | 1.32B▲ 17.2% | 933.6M▼ 29.1% | 991.2M▲ 6.2% | 1.21B▲ 21.8% |
Pretax Margin % | 51.17% | 47.79% | 46.97% | 46.66% | 56.09% | 44.45% | 21.93% | 19.76% | 22.88% |
Income Tax | 126.33M | 74.5M | 105M | 115.9M | 223.8M | 258.8M | 211.2M | 203.5M | 216.6M |
Effective Tax Rate % | 27.96% | 14.6% | 17.38% | 18.62% | 19.93% | 19.66% | 22.62% | 20.53% | 17.94% |
Net Income | 325.49M▲ 0% | 435.8M▲ 33.9% | 499.2M▲ 14.5% | 506.6M▲ 1.5% | 899.2M▲ 77.5% | 1.06B▲ 17.6% | 722.4M▼ 31.7% | 787.7M▲ 9.0% | 969M▲ 23.0% |
Net Margin % | 36.87% | 40.82% | 38.81% | 37.97% | 44.91% | 35.71% | 16.97% | 15.7% | 18.37% |
Net Income Growth % | 25.29% | 33.89% | 14.55% | 1.48% | 77.5% | 17.58% | -31.67% | 9.04% | 23.02% |
Net Income (Continuing) | 325.49M | 435.8M | 499.2M | 506.6M | 899.2M | 1.06B | 722.4M | 787.7M | 990.6M |
EPS (Diluted) | 3.10▲ 0% | 4.14▲ 33.5% | 4.84▲ 16.9% | 5.04▲ 4.1% | 8.67▲ 72.0% | 9.70▲ 11.9% | 6.54▼ 32.6% | 7.09▲ 8.4% | 8.73▲ 23.1% |
EPS Growth % | 24% | 33.55% | 16.91% | 4.13% | 72.02% | 11.88% | -32.58% | 8.41% | 23.13% |
EPS (Basic) | 3.12 | 4.16 | 4.86 | 5.06 | 8.72 | 9.74 | 6.55 | 7.14 | 8.79 |
Diluted Shares Outstanding | 105M | 105.4M | 103.13M | 100.5M | 103.3M | 107.6M | 108.5M | 109.3M | 109.5M |
Western Alliance Bancorporation (WAL) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
Cash & Short Term Investments | 3.92B | 3.78B | 3.78B | 7.38B | 6.71B | 8.13B | 12.74B | 8.53B | 13.96B |
Cash & Due from Banks | 416.77M | 498.57M | 434.6M | 2.67B | 516M | 1.04B | 1.58B | 4.1B | 3.6B |
Short Term Investments | 3.5B | 3.28B | 3.35B | 4.71B | 6.19B | 7.09B | 11.16B | 4.44B | 10.36B |
Total Investments | 19.24B | 21.99B | 25.74B | 32.62B | 52.54B | 61.9B | 64.65B | 71.29B | 82.75B |
Investments Growth % | 19.07% | 14.29% | 17.06% | 26.7% | 61.08% | 17.81% | 4.44% | 10.27% | 16.07% |
Long-Term Investments | 15.74B | 18.72B | 22.4B | 27.91B | 46.35B | 54.8B | 53.48B | 66.85B | 72.38B |
Accounts Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Goodwill & Intangibles | 300.75M | 299.15M | 297.6M | 298.5M | 1.33B | 1.83B | 1.79B | 1.79B | 2.14B |
Goodwill | 289.89M | 289.89M | 289.9M | 289.9M | 491M | 527M | 527M | 527M | 527M |
Intangible Assets | 10.85M | 9.26M | 7.7M | 8.6M | 841M | 1.3B | 1.27B | 1.26B | 1.62B |
PP&E (Net) | 118.72M | 119.47M | 198.4M | 206.6M | 315M | 439M | 484M | 489M | 573M |
Other Assets | 244.57M | 168.13M | 128.94M | 635.4M | 1.26B | 2.22B | 2.08B | 2.99B | 3.37B |
Total Current Assets | 3.92B | 3.78B | 3.78B | 7.38B | 6.71B | 8.13B | 12.74B | 8.53B | 13.96B |
Total Non-Current Assets | 16.41B | 19.33B | 23.04B | 29.08B | 49.28B | 59.6B | 58.12B | 72.4B | 78.82B |
Total Assets | 20.33B▲ 0% | 23.11B▲ 13.7% | 26.82B▲ 16.1% | 36.46B▲ 35.9% | 55.98B▲ 53.5% | 67.73B▲ 21.0% | 70.86B▲ 4.6% | 80.93B▲ 14.2% | 92.77B▲ 14.6% |
Asset Growth % | 18.19% | 13.68% | 16.06% | 35.94% | 53.54% | 20.99% | 4.62% | 14.21% | 14.63% |
Return on Assets (ROA) | 1.73% | 2.01% | 2% | 1.6% | 1.95% | 1.71% | 1.04% | 1.04% | 1.12% |
Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Debt | 792.92M | 873.87M | 488.4M | 649.6M | 2.54B | 7.38B | 8.3B | 6.63B | 6.48B |
Net Debt | 376.15M | 375.3M | 53.8M | -2.02B | 2.02B | 6.33B | 6.73B | 2.54B | 2.88B |
Long-Term Debt | 376.9M | 360.46M | 393.6M | 548.7M | 1.67B | 2.2B | 1.34B | 3.32B | 2.47B |
Short-Term Debt | 416.02M | 513.41M | 16.7M | 21M | 727M | 4.99B | 6.78B | 3.15B | 3.88B |
Other Liabilities | 333.93M | 444.44M | 520.3M | 467.4M | 867M | 1.36B | 1.15B | 1.25B | 1.19B |
Total Current Liabilities | 17.39B | 19.69B | 22.81B | 31.95B | 48.34B | 58.64B | 62.12B | 69.49B | 81.01B |
Total Non-Current Liabilities | 710.84M | 804.89M | 992M | 1.1B | 2.68B | 3.74B | 2.67B | 4.74B | 3.82B |
Total Liabilities | 18.1B | 20.5B | 23.81B | 33.05B | 51.02B | 62.38B | 64.78B | 74.23B | 84.83B |
Total Equity | 2.23B▲ 0% | 2.61B▲ 17.2% | 3.02B▲ 15.4% | 3.41B▲ 13.2% | 4.96B▲ 45.4% | 5.36B▲ 7.9% | 6.08B▲ 13.5% | 6.71B▲ 10.3% | 7.95B▲ 18.5% |
Equity Growth % | 17.88% | 17.22% | 15.42% | 13.15% | 45.39% | 7.92% | 13.48% | 10.35% | 18.47% |
Equity / Assets (Capital Ratio) | 10.97% | 11.31% | 11.25% | 9.36% | 8.87% | 7.91% | 8.58% | 8.29% | 8.56% |
Return on Equity (ROE) | 15.8% | 18% | 17.73% | 15.76% | 21.47% | 20.49% | 12.64% | 12.32% | 13.23% |
Book Value per Share | 21.24 | 24.80 | 29.25 | 33.97 | 48.04 | 49.78 | 56.02 | 61.36 | 72.57 |
Tangible BV per Share | 18.37 | 21.96 | 26.36 | 31.00 | 35.15 | 32.79 | 39.49 | 45.02 | 53.00 |
Common Stock | 10K | 10K | 1.37B | 0 | 1.97B | 2.16B | 2.2B | 2.25B | 2.1B |
Additional Paid-in Capital | 1.42B | 1.42B | 1.37B | 1.39B | 0 | 0 | 0 | 0 | 0 |
Retained Earnings | 848.47M | 1.28B | 1.68B | 2B | 2.77B | 3.66B | 4.21B | 4.83B | 5.61B |
Accumulated OCI | -3.15M | -33.62M | -1.35B | 92.3M | 15.7M | -661M | -513M | -534M | -344M |
Treasury Stock | -40.17M | -53.08M | -62.7M | -71.1M | -86.8M | -105M | -116M | -125M | -137M |
Preferred Stock | 0 | 0 | 0 | 0 | 294.5M | 295M | 295M | 295M | 295M |
Western Alliance Bancorporation (WAL) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 383.81M | 540.97M | 717.77M | 670.2M | -2.65B | 2.25B | -328.6M | -2.74B | -2.68B |
Operating CF Growth % | 36.76% | 40.95% | 32.68% | -6.63% | -496% | 184.6% | -114.63% | -734.45% | 2.3% |
Net Income | 325.49M | 435.79M | 499.17M | 506.6M | 899.2M | 1.06B | 722.4M | 787.7M | 976.4M |
Depreciation & Amortization | 13.39M | 14.3M | 29M | 34.6M | 50M | 74.6M | 86.5M | 118.5M | 0 |
Deferred Taxes | 88.47M | -16.7M | -5.1M | -25.1M | 42M | -68.6M | -24.9M | 12.4M | 0 |
Other Non-Cash Items | 19.86M | 61.21M | 30.1M | 140.4M | -3.52B | 1.18B | -1.26B | -3.94B | -3.52B |
Working Capital Changes | -86.95M | 20.69M | 138.4M | -15M | -157.6M | -38.7M | 114.7M | 234.9M | -136.8M |
Cash from Investing | -2.96B | -2.71B | -3.72B | -7.54B | -14.71B | -13.13B | -2.16B | -5.97B | -9.96B |
Purchase of Investments | -1.64B | -763.7M | -1.24B | -3.32B | -4.01B | -3.06B | -15.59B | -17.06B | -18.1B |
Sale/Maturity of Investments | 548.21M | 637.2M | 982.3M | 1.7B | 1.88B | 902.8M | 11.64B | 14.88B | 12.86B |
Net Investment Activity | -1.09B | -126.5M | -260.2M | -1.62B | -2.14B | -2.16B | -3.95B | -2.18B | -5.24B |
Acquisitions | -5.82M | -4.13M | 0 | 0 | -1.02B | -50M | 0 | 0 | -14.2M |
Other Investing | -1.85B | -2.58B | -3.43B | -5.89B | -11.48B | -10.78B | 1.91B | -3.71B | -4.59B |
Cash from Financing | 2.7B | 2.25B | 2.94B | 9.1B | 15.21B | 11.41B | 3.02B | 11.23B | 12.13B |
Dividends Paid | 0 | 0 | -51.3M | -101.3M | -127.6M | -166.2M | -171.5M | -176.8M | -184.8M |
Share Repurchases | -13.81M | -35.7M | -120.2M | -71.6M | 0 | 0 | 0 | 0 | -69M |
Stock Issued | 0 | 0 | 0 | 0 | 540.3M | 157.7M | 100K | 100K | 293.3M |
Net Stock Activity | -13.81M | -35.7M | -120.2M | -71.6M | 540.3M | 157.7M | 100K | 100K | 224.3M |
Debt Issuance (Net) | 1000K | 1000K | -1000K | 1000K | -1000K | 1000K | 1000K | 1000K | 1000K |
Other Financing | 2.42B | 2.19B | 3.61B | 9.13B | 15.67B | 6.01B | 1.67B | 10.99B | 10.79B |
Net Change in Cash | 132.28M▲ 0% | 81.8M▼ 38.2% | -64M▼ 178.2% | 2.24B▲ 3595.5% | -2.16B▼ 196.3% | 527M▲ 124.5% | 532.7M▲ 1.1% | 2.52B▲ 373.0% | -506.8M▼ 120.1% |
Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash at Beginning | 284.49M | 416.8M | 498.57M | 434.6M | 2.67B | 516.4M | 1.04B | 1.58B | 4.1B |
Cash at End | 416.77M | 498.57M | 434.6M | 2.67B | 516.4M | 1.04B | 1.58B | 4.1B | 3.59B |
Interest Paid | 59.84M | 113.5M | 0 | 108.6M | 111.6M | 452.9M | 1.58B | 1.94B | 1.39B |
Income Taxes Paid | 99.43M | 18.8M | 0 | 44.2M | 175.7M | 197.6M | 63.6M | 1.3M | 0 |
Free Cash Flow | 374.95M▲ 0% | 539.1M▲ 43.8% | 682.62M▲ 26.6% | 643.4M▼ 5.7% | -2.72B▼ 523.3% | 2.1B▲ 177.3% | -442.9M▼ 121.0% | -2.83B▼ 538.0% | -2.79B▲ 1.2% |
FCF Growth % | 38.83% | 43.78% | 26.62% | -5.75% | -523.28% | 177.27% | -121.05% | -538.02% | 1.15% |
Western Alliance Bancorporation (WAL) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | 14.92% | 15.8% | 18% | 17.73% | 15.76% | 21.47% | 20.49% | 12.64% | 12.32% | 13.23% |
Return on Assets (ROA) | 1.65% | 1.73% | 2.01% | 2% | 1.6% | 1.95% | 1.71% | 1.04% | 1.04% | 1.12% |
Net Interest Margin | 3.82% | 3.86% | 3.96% | 3.88% | 3.2% | 2.77% | 3.27% | 3.3% | 3.24% | 3.09% |
Efficiency Ratio | 44.16% | 39.98% | 38.85% | 37.18% | 36.96% | 39.85% | 37.19% | 36.75% | 39.01% | 38.22% |
Equity / Assets | 11% | 10.97% | 11.31% | 11.25% | 9.36% | 8.87% | 7.91% | 8.58% | 8.29% | 8.56% |
Book Value / Share | 18.22 | 21.24 | 24.8 | 29.25 | 33.97 | 48.04 | 49.78 | 56.02 | 61.36 | 72.57 |
NII Growth | 33.42% | 19.39% | 16.73% | 13.59% | 12.16% | 32.73% | 43.1% | 5.53% | 11.97% | 9.39% |
Dividend Payout | - | - | - | 10.28% | 20% | 14.19% | 15.72% | 23.74% | 22.45% | 19.07% |
Western Alliance Bancorporation (WAL) SEC filings — annual & quarterly reports (10-K, 10-Q)
Apr 21, 2026·SEC
Mar 6, 2026·SEC
Feb 20, 2026·SEC
Western Alliance Bancorporation (WAL) stock FAQ — growth, dividends, profitability & financials explained
Western Alliance Bancorporation (WAL) grew revenue by 5.2% over the past year. This is steady growth.
Yes, Western Alliance Bancorporation (WAL) is profitable, generating $969.0M in net income for fiscal year 2025 (18.4% net margin).
Yes, Western Alliance Bancorporation (WAL) pays a dividend with a yield of 2.11%. This makes it attractive for income-focused investors.
Western Alliance Bancorporation (WAL) has a return on equity (ROE) of 13.2%. This is reasonable for most industries.
Western Alliance Bancorporation (WAL) has a net interest margin (NIM) of 3.1%. This indicates healthy earnings from lending activities.
Western Alliance Bancorporation (WAL) has an efficiency ratio of 38.2%. This is excellent, indicating strong cost control.