Western Alliance is delivering robust net interest income growth, up 14.2% year-over-year to $796.9M in 2026Q2, driven by loan expansion despite a flat 0.8% net interest margin. However, earnings quality is clouded by extreme non-interest income swings, includ...
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Net interest income grew 14.2% year-over-year to $796.9M in 2026Q2, but a -$343.4M non-interest income swing and a provision spike to $213.2M in 2026Q1 underscore earnings volatility.
WAL is considered significantly undervalued, with intrinsic value estimates suggesting a price of $155.41, indicating a 49% undervaluation compared to its current market price of $79.44. Another valuation perspective estimates a fair value of $88.53, reinforcing the notion of undervaluation.
A strong majority of analysts have a 'Buy' rating for WAL, with average price targets around $92-$93, indicating an expected upside of 15-18%. Some analysts have reiterated 'Buy' calls with even higher target prices, such as $115.
WAL has shown robust deposit and loan growth, with net interest margin expansion and earnings expected to grow significantly in the coming year. The company has exceeded deposit growth targets, showcasing strong financial performance.
Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Jul 21, 2026 | $2.36+0.0% vs $2.36 | $996M+1.5% vs $981M |
Q2 2026 Apr 21, 2026 | $1.65+1.9% vs $1.62 | $999M+4.2% vs $958M |
Q1 2026 Jan 27, 2026 | $2.59+7.9% vs $2.40 | $981M+7.4% vs $913M |
Q1 2026 Jan 26, 2026 | $2.59+7.9% vs $2.40 | $981M+7.4% vs $913M |
Western Alliance Bancorporation (WAL) Presents at Barclays 24th Annual Global Financial Services Conference Transcript
PHOENIX--(BUSINESS WIRE)--Western Alliance Bancorporation (NYSE: WAL) today announced that Chairman, President and Chief Executive Officer Ken Vecchione will participate in a fireside chat at the Barclays Global Financial Services Conference on Wednesday, September 16, 2026. The fireside chat is scheduled to begin at 10:30 a.m. Eastern Time (7:30 a.m. Arizona time). A live audio webcast of the presentation will be available at investors.westernalliancebancorporation.com under Events & Prese.
Barrow Hanley Mewhinney and Strauss LLC purchased a new stake in shares of Western Alliance Bancorporation (NYSE: WAL) in the undefined quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,120,791 shares of the financial services provider's stock, valued at approximately $174,329,000. Barrow
Amundi cut its stake in Western Alliance Bancorporation (NYSE: WAL) by 21.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 94,836 shares of the financial services provider's stock after selling 25,776 shares during the period. Amundi owned approximately
Benchmark WAL against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Western Alliance Bancorporation (WAL)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $75.60 | $8.25B | 8.66 | 11.43% | 18.37% | 13.23% | 2.23% | |
| $124.49 | $17.05B | 13.08 | 14.85% | 46.38% | 16.19% | — | |
| $23.02 | $10.93B | 12.24 | 10.5% | 22.31% | 11.07% | — | |
| $69.11 | $4.3B | 10.44 | 0.74% | 38.81% | 12.67% | — | |
| $130.58 | $7.93B | 14.22 | 9.59% | 18.3% | 10.31% | — | |
| $44.13 | $5.74B | 22.18 | 25.77% | 20.25% | 7.61% | — |
Western Alliance Bancorporation (WAL) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Western Alliance Bancorporation (WAL) SEC filings — annual & quarterly reports (10-K, 10-Q)
Jul 30, 2026·SEC
Jul 21, 2026·SEC
Jun 11, 2026·SEC
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Western Alliance Bancorporation (WAL) stock FAQ — growth, dividends, profitability & financials explained
Western Alliance Bancorporation (WAL) grew revenue by 11.4% over the past year. This is steady growth.
Yes, Western Alliance Bancorporation (WAL) is profitable, generating $990.4M in net income for fiscal year 2025 (18.4% net margin).
Yes, Western Alliance Bancorporation (WAL) pays a dividend with a yield of 2.23%. 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.
