Western Alliance Bancorporation (WAL) Earnings History
Annual and quarterly earnings data from 2001 to 2025
Loading earnings history...
WAL EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
WAL Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 61.1% | 22.9% | 18.4% |
| 2024 | 58.8% | 19.8% | 15.7% |
| 2023 | 58.7% | 21.9% | 17.0% |
| 2022 | 81.6% | 44.4% | 35.7% |
| 2021 | 95.9% | 56.1% | 44.9% |
Download Data
Export WAL earnings history in CSV or JSON format
Free sign-in required to download data
Western Alliance Bancorporation (WAL) Earnings Overview
As of May 7, 2026, Western Alliance Bancorporation (WAL) reported trailing twelve-month net income of $969M, reflecting +23.1% year-over-year growth. The company earned $8.87 per diluted share over the past four quarters, with a net profit margin of 18.4%.
Looking at the long-term picture, WAL's 5-year EPS compound annual growth rate (CAGR) stands at +11.6%, showing solid earnings momentum. The company achieved its highest annual net income of $1.06B in fiscal 2022.
Western Alliance Bancorporation maintains industry-leading profitability with a gross margin of 61.1%, operating margin of 22.9%, and net margin of 18.4%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including EWBC ($1.33B net income, 28.3% margin), FHN ($982M net income, 19.7% margin), IBOC ($412M net income, 39.1% margin), WAL has room to improve margins relative to the peer group. Compare WAL vs EWBC →
WAL Earnings vs Peers
Earnings metrics vs comparable public companies
WAL Historical Earnings Data (2001–2025)
24 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $969M | +23.0% | $1.21B | $8.73 | 18.4% | 22.9% |
| 2024 | $788M | +9.0% | $991M | $7.09 | 15.7% | 19.8% |
| 2023 | $722M | -31.7% | $934M | $6.54 | 17.0% | 21.9% |
| 2022 | $1.06B | +17.6% | $1.32B | $9.70 | 35.7% | 44.4% |
| 2021 | $899M | +77.5% | $1.12B | $8.67 | 44.9% | 56.1% |
| 2020 | $507M | +1.5% | $623M | $5.04 | 38.0% | 46.7% |
| 2019 | $499M | +14.5% | $604M | $4.84 | 38.8% | 47.0% |
| 2018 | $436M | +33.9% | $510M | $4.14 | 40.8% | 47.8% |
| 2017 | $325M | +25.3% | $452M | $3.10 | 36.9% | 51.2% |
| 2016 | $260M | +33.7% | $361M | $2.50 | 35.2% | 48.9% |
See WAL's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs WAL Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare WAL vs BRK-A
Side-by-side business, growth, and profitability comparison vs Berkshire Hathaway Inc..
Start ComparisonWAL — Frequently Asked Questions
Quick answers to the most common questions about buying WAL stock.
Is WAL growing earnings?
WAL EPS is $8.87, with earnings growth accelerating to +23.1%. This exceeds the 5-year CAGR of +11.6%. TTM net income reached $969M.
What are WAL's profit margins?
Western Alliance Bancorporation net margin is +18.4%, with operating margin at +22.9%. Above-average margins indicate pricing power.
How consistent are WAL's earnings?
WAL earnings data spans 2001-2025. The accelerating earnings trend is +23.1% YoY. Historical data enables comparison across business cycles.