WAL
Western Alliance Bancorporation
Price Chart
Latest Quote
$89.65
Current Price| Previous Close | $89.15 |
| Open | $88.28 |
| Day High | $90.86 |
| Day Low | $88.01 |
| Volume | 629,093 |
Stock Information
| Quarterly Dividend / Yield | $1.68 / 1.87% |
| Shares Outstanding | 109.50M |
| Total Debt | $6.48B |
| Cash Equivalents | $3.60B |
| Revenue | $3.32B |
| Net Income | $956.20M |
| Sector | Financial Services |
| Industry | Banks - Regional |
| Market Cap | $9.87B |
| P/E Ratio | 10.27 |
| EPS (TTM) | $8.73 |
| Exchange | NYQ |
📊 Custom Metrics & Score
Score: 9/42| Debt to Equity | 0.99 |
| Debt to Earnings | 6.68 |
| Avg Revenue Growth | 15.88% |
| Profit Margin | 25.46% |
| Return on Equity | 11.74% |
| Avg FCF Growth | 0.94% |
| FCF Yield | -28.64% |
Score Explanation: The perfect score is 42/42 based on debt levels, profitability, growth rates, and cash flow metrics. FCF Yield is weighted most heavily as it shows what return the business currently generates.
Recent Price History
| Date | Close | Volume |
|---|---|---|
| 2026-02-02 | $89.65 | 808,400 |
| 2026-01-30 | $89.15 | 992,500 |
| 2026-01-29 | $90.21 | 1,133,300 |
| 2026-01-28 | $88.68 | 1,178,900 |
| 2026-01-27 | $89.45 | 2,003,700 |
| 2026-01-26 | $88.42 | 1,159,700 |
| 2026-01-23 | $87.00 | 848,700 |
| 2026-01-22 | $90.88 | 641,600 |
| 2026-01-21 | $90.73 | 1,187,100 |
| 2026-01-20 | $85.75 | 999,100 |
| 2026-01-16 | $88.37 | 651,100 |
| 2026-01-15 | $89.83 | 721,800 |
| 2026-01-14 | $88.32 | 678,900 |
| 2026-01-13 | $87.50 | 560,700 |
| 2026-01-12 | $87.46 | 679,400 |
| 2026-01-09 | $90.11 | 863,400 |
| 2026-01-08 | $89.72 | 1,064,600 |
| 2026-01-07 | $87.90 | 706,500 |
| 2026-01-06 | $88.54 | 977,200 |
| 2026-01-05 | $87.31 | 897,500 |
About Western Alliance Bancorporation
Western Alliance Bancorporation operates as the bank holding company for Western Alliance Bank that provides various banking products and related services primarily in Arizona, California, and Nevada. It operates through Commercial and Consumer Related segments. The company offers deposit products, including checking, savings, and money market accounts, as well as fixed-rate and fixed maturity certificates of deposit accounts; demand deposits; and treasury management and residential mortgage products and services. It also provides commercial and industrial loan products, such as working capital lines of credit, loans to technology companies, inventory and accounts receivable lines, mortgage warehouse lines, equipment loans and leases, and other commercial loans; commercial real estate loans, which are secured by multi-family residential properties, professional offices, industrial facilities, retail centers, hotels, and other commercial properties; construction and land development loans for single family and multi-family residential projects, industrial/warehouse properties, office buildings, retail centers, medical office facilities, and residential lot developments; and consumer loans. In addition, the company offers other financial services, such as internet banking, wire transfers, electronic bill payment and presentment, funds transfer and other digital payment offerings, lock box services, courier, and cash management services. Further, the company holds certain investment securities, municipal and non-profit loans, and leases; invests primarily in low-income housing tax credits and small business investment corporations; and certain real estate loans and related securities. Western Alliance Bancorporation was founded in 1994 and is headquartered in Phoenix, Arizona.
📰 Latest News
Western Alliance (WAL) Earnings Top Estimates as DA Davidson Reaffirms Buy
Insider Monkey • 2026-02-03T10:49:03Z
5 Revealing Analyst Questions From Western Alliance Bancorporation’s Q4 Earnings Call
StockStory • 2026-02-03T05:34:36Z
Western Alliance Bancorp (WAL) Q4 2025 Earnings Call Highlights: Record Growth in Loans and Deposits
GuruFocus.com • 2026-01-27T23:01:47ZWAL Q4 Deep Dive: Fee Income and Deposit Growth Drive Momentum, Asset Quality in Focus
StockStory • 2026-01-27T22:10:58Z
Western Alliance Bancorporation Q4 Earnings Call Highlights
MarketBeat • 2026-01-27T21:46:06Z
Is Western Alliance Bancorporation (WAL) Pricing Reflect Longer Term Returns And Regional Bank Resilience?
Simply Wall St. • 2026-01-27T19:14:55Z
Did Rising Income, Higher Charge-offs, Buybacks and a New CISO Just Shift Western Alliance's (WAL) Investment Narrative?
Simply Wall St. • 2026-01-27T18:06:41Z
Western Alliance: Q4 Earnings Snapshot
Associated Press Finance • 2026-01-27T05:43:44ZBig Tech earnings, Fed meeting feature as markets end January with busiest week of Q1: What to watch
Yahoo Finance • 2026-01-25T12:52:11ZWhat To Expect From Western Alliance Bancorporation’s (WAL) Q4 Earnings
StockStory • 2026-01-25T03:04:36Z
Income Statement (Annual)
Revenue
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Total Revenue | $3,094,000,000 | $2,560,800,000 | $2,485,400,000 | $1,892,300,000 |
| Operating Revenue | $3,094,000,000 | $2,560,800,000 | $2,485,400,000 | $1,892,300,000 |
Expenses
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Interest Expense | $1,922,200,000 | $1,696,400,000 | $475,500,000 | $109,900,000 |
| Selling And Marketing Expense | $32,700,000 | $21,800,000 | $22,100,000 | $13,500,000 |
| General And Administrative Expense | $631,100,000 | $566,300,000 | $539,500,000 | $466,700,000 |
| Professional Expense And Contract Services Expense | $109,400,000 | $107,200,000 | $99,900,000 | $58,600,000 |
| Other Non Interest Expense | $1,110,600,000 | $856,400,000 | $353,100,000 | $171,100,000 |
Income & Earnings
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Net Income From Continuing Operation Net Minority Interest | $787,700,000 | $722,400,000 | $1,057,300,000 | $899,200,000 |
| Net Interest Income | $2,618,900,000 | $2,338,900,000 | $2,216,300,000 | $1,548,800,000 |
| Interest Income | $4,541,100,000 | $4,035,300,000 | $2,691,800,000 | $1,658,700,000 |
| Normalized Income | $787,700,000 | $681,610,200 | $1,057,300,000 | $916,175,102 |
| Net Income From Continuing And Discontinued Operation | $787,700,000 | $722,400,000 | $1,057,300,000 | $899,200,000 |
| Net Income Common Stockholders | $774,900,000 | $709,600,000 | $1,044,500,000 | $895,700,000 |
| Net Income | $787,700,000 | $722,400,000 | $1,057,300,000 | $899,200,000 |
| Net Income Including Noncontrolling Interests | $787,700,000 | $722,400,000 | $1,057,300,000 | $899,200,000 |
| Net Income Continuous Operations | $787,700,000 | $722,400,000 | $1,057,300,000 | $899,200,000 |
| Pretax Income | $991,200,000 | $933,600,000 | $1,316,100,000 | $1,123,000,000 |
| Special Income Charges | $0 | $52,700,000 | $0 | $-21,200,000 |
Per Share Metrics
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Diluted EPS | $7.09 | $6.54 | $9.70 | $8.67 |
| Basic EPS | $7.14 | $6.55 | $9.74 | $8.72 |
Other
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Tax Effect Of Unusual Items | $0 | $11,910,200 | $0 | $-4,224,898 |
| Tax Rate For Calcs | $0 | $0 | $0 | $0 |
| Total Unusual Items | $0 | $52,700,000 | $0 | $-21,200,000 |
| Total Unusual Items Excluding Goodwill | $0 | $52,700,000 | $0 | $-21,200,000 |
| Reconciled Depreciation | $118,500,000 | $86,500,000 | $74,600,000 | $50,000,000 |
| Diluted Average Shares | $109,300,000 | $108,500,000 | $107,600,000 | $103,300,000 |
| Basic Average Shares | $108,600,000 | $108,300,000 | $107,200,000 | $102,700,000 |
| Diluted NI Availto Com Stockholders | $774,900,000 | $709,600,000 | $1,044,500,000 | $895,700,000 |
| Preferred Stock Dividends | $12,800,000 | $12,800,000 | $12,800,000 | $3,500,000 |
| Tax Provision | $203,500,000 | $211,200,000 | $258,800,000 | $223,800,000 |
| Gain On Sale Of Security | $63,100,000 | $-141,100,000 | $-4,000,000 | $29,100,000 |
| Selling General And Administration | $663,800,000 | $588,100,000 | $561,600,000 | $480,200,000 |
| Salaries And Wages | $631,100,000 | $566,300,000 | $539,500,000 | $466,700,000 |
| Occupancy And Equipment | $73,100,000 | $65,600,000 | $55,500,000 | $43,800,000 |
| Restructuring And Mergern Acquisition | - | $0 | $400,000 | $15,300,000 |
| Insurance And Claims | - | $190,400,000 | $31,100,000 | $23,000,000 |
| Other Gand A | - | - | - | $58,200,000 |
Balance Sheet (Annual)
Assets
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Net Tangible Assets | $4,921,000,000 | $4,285,000,000 | $3,528,000,000 | $3,631,000,000 |
| Total Assets | $80,934,000,000 | $70,862,000,000 | $67,734,000,000 | $55,983,000,000 |
| Goodwill And Other Intangible Assets | $1,786,000,000 | $1,793,000,000 | $1,828,000,000 | $1,332,000,000 |
| Other Intangible Assets | $1,259,000,000 | $1,266,000,000 | $1,301,000,000 | $841,000,000 |
| Cash And Cash Equivalents | $4,096,000,000 | $1,576,000,000 | $1,043,000,000 | $516,000,000 |
| Cash Financial | $320,000,000 | $276,000,000 | $259,000,000 | $166,000,000 |
| Cash Cash Equivalents And Federal Funds Sold | $4,328,000,000 | $1,857,000,000 | $1,267,000,000 | $608,000,000 |
Debt
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Net Debt | $2,362,000,000 | $5,992,000,000 | $5,482,000,000 | $1,190,000,000 |
| Total Debt | $6,617,000,000 | $7,747,000,000 | $6,710,000,000 | $1,849,000,000 |
| Long Term Debt And Capital Lease Obligation | $3,480,000,000 | $1,520,000,000 | $2,385,000,000 | $1,814,000,000 |
| Long Term Debt | $3,321,000,000 | $1,341,000,000 | $2,200,000,000 | $1,671,000,000 |
| Current Debt And Capital Lease Obligation | $3,137,000,000 | $6,227,000,000 | $4,325,000,000 | $35,000,000 |
| Current Debt | $3,137,000,000 | $6,227,000,000 | $4,325,000,000 | $35,000,000 |
| Other Current Borrowings | $3,137,000,000 | $6,227,000,000 | $4,325,000,000 | $35,000,000 |
Liabilities
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Total Liabilities Net Minority Interest | $74,227,000,000 | $64,784,000,000 | $62,378,000,000 | $51,020,000,000 |
Equity
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Common Stock Equity | $6,412,000,000 | $5,783,000,000 | $5,061,000,000 | $4,668,000,000 |
| Preferred Stock Equity | $295,000,000 | $295,000,000 | $295,000,000 | $295,000,000 |
| Total Equity Gross Minority Interest | $6,707,000,000 | $6,078,000,000 | $5,356,000,000 | $4,963,000,000 |
| Stockholders Equity | $6,707,000,000 | $6,078,000,000 | $5,356,000,000 | $4,963,000,000 |
| Gains Losses Not Affecting Retained Earnings | $-534,000,000 | $-513,000,000 | $-661,000,000 | $16,000,000 |
| Retained Earnings | $4,826,000,000 | $4,215,000,000 | $3,664,000,000 | $2,773,000,000 |
Other
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Treasury Shares Number | $2,845,201 | $2,703,218 | $2,550,766 | $2,350,021 |
| Preferred Shares Number | $12,000,000 | $12,000,000 | $12,000,000 | $4,800,000,000 |
| Ordinary Shares Number | $110,052,606 | $109,466,305 | $108,914,526 | $106,631,320 |
| Share Issued | $112,897,807 | $112,169,523 | $111,465,292 | $108,981,341 |
| Tangible Book Value | $4,626,000,000 | $3,990,000,000 | $3,233,000,000 | $3,336,000,000 |
| Invested Capital | $12,870,000,000 | $13,351,000,000 | $11,586,000,000 | $6,374,000,000 |
| Capital Lease Obligations | $159,000,000 | $179,000,000 | $185,000,000 | $143,000,000 |
| Total Capitalization | $10,028,000,000 | $7,419,000,000 | $7,556,000,000 | $6,634,000,000 |
| Treasury Stock | $125,000,000 | $116,000,000 | $105,000,000 | $87,000,000 |
| Additional Paid In Capital | $2,245,000,000 | $2,197,000,000 | $2,163,000,000 | $1,966,000,000 |
| Capital Stock | $295,000,000 | $295,000,000 | $295,000,000 | $295,000,000 |
| Preferred Stock | $295,000,000 | $295,000,000 | $295,000,000 | $295,000,000 |
| Long Term Capital Lease Obligation | $159,000,000 | $179,000,000 | $185,000,000 | $143,000,000 |
| Investments And Advances | $15,700,600,000 | $13,285,000,000 | $9,160,000,000 | $8,081,000,000 |
| Held To Maturity Securities | $1,474,600,000 | $1,421,000,000 | $1,284,000,000 | $1,102,000,000 |
| Available For Sale Securities | $9,789,000,000 | $699,000,000 | $784,000,000 | $790,000,000 |
| Goodwill | $527,000,000 | $527,000,000 | $527,000,000 | $491,000,000 |
| Net PPE | $489,000,000 | $484,000,000 | $439,000,000 | $315,000,000 |
| Accumulated Depreciation | $-277,000,000 | $-206,000,000 | $-157,000,000 | $-126,000,000 |
| Gross PPE | $766,000,000 | $690,000,000 | $596,000,000 | $441,000,000 |
| Leases | $98,000,000 | $85,000,000 | $66,000,000 | $41,000,000 |
| Construction In Progress | $62,000,000 | $82,000,000 | $60,000,000 | $43,000,000 |
| Other Properties | $128,000,000 | $145,000,000 | $163,000,000 | $133,000,000 |
| Machinery Furniture Equipment | $350,000,000 | $250,000,000 | $180,000,000 | $100,000,000 |
| Buildings And Improvements | $96,000,000 | $96,000,000 | $95,000,000 | $92,000,000 |
| Land And Improvements | $32,000,000 | $32,000,000 | $32,000,000 | $32,000,000 |
| Other Short Term Investments | $4,437,000,000 | $11,165,000,000 | $7,092,000,000 | $6,189,000,000 |
| Common Stock | - | - | $2,163,000,000 | $1,966,000,000 |
Cash Flow Statement (Annual)
Free Cash Flow
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Free Cash Flow | $-2,825,800,000 | $-442,900,000 | $2,104,300,000 | $-2,723,400,000 |
Operating Activities
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Operating Cash Flow | $-2,742,000,000 | $-328,600,000 | $2,245,300,000 | $-2,654,000,000 |
| Cash Flow From Continuing Operating Activities | $-2,742,000,000 | $-328,600,000 | $2,245,300,000 | $-2,654,000,000 |
| Operating Gains Losses | $-17,400,000 | $-11,900,000 | $-6,800,000 | $-2,500,000 |
Investing Activities
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Capital Expenditure | $-83,800,000 | $-114,300,000 | $-141,000,000 | $-69,400,000 |
| Investing Cash Flow | $-5,967,000,000 | $-2,159,100,000 | $-13,130,100,000 | $-14,711,900,000 |
| Cash Flow From Continuing Investing Activities | $-5,967,000,000 | $-2,159,100,000 | $-13,130,100,000 | $-14,711,900,000 |
| Net Other Investing Changes | $-798,300,000 | $700,000 | - | - |
Financing Activities
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Issuance Of Capital Stock | $100,000 | $100,000 | $157,700,000 | $834,800,000 |
| Financing Cash Flow | $11,228,500,000 | $3,020,400,000 | $11,411,800,000 | $15,210,600,000 |
| Cash Flow From Continuing Financing Activities | $11,228,500,000 | $3,020,400,000 | $11,411,800,000 | $15,210,600,000 |
| Net Other Financing Charges | $-8,700,000 | $-11,000,000 | $-18,500,000 | $-15,800,000 |
| Cash Dividends Paid | $-176,800,000 | $-171,500,000 | $-166,200,000 | $-127,600,000 |
| Net Common Stock Issuance | $100,000 | $100,000 | $157,700,000 | $540,300,000 |
| Common Stock Issuance | $100,000 | $100,000 | $157,700,000 | $540,300,000 |
| Net Preferred Stock Issuance | - | $0 | $0 | $294,500,000 |
| Preferred Stock Issuance | - | $0 | $0 | $294,500,000 |
| Repurchase Of Capital Stock | - | - | $0 | $0 |
Other
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Repayment Of Debt | $-1,025,700,000 | $-818,100,000 | $-30,700,000 | $-475,900,000 |
| Issuance Of Debt | $3,000,000,000 | $9,900,000 | $578,400,000 | $1,055,700,000 |
| Interest Paid Supplemental Data | $1,941,600,000 | $1,581,000,000 | $452,900,000 | $111,600,000 |
| Income Tax Paid Supplemental Data | $1,300,000 | $63,600,000 | $197,600,000 | $175,700,000 |
| End Cash Position | $4,095,600,000 | $1,576,100,000 | $1,043,400,000 | $516,400,000 |
| Beginning Cash Position | $1,576,100,000 | $1,043,400,000 | $516,400,000 | $2,671,700,000 |
| Changes In Cash | $2,519,500,000 | $532,700,000 | $527,000,000 | $-2,155,300,000 |
| Net Issuance Payments Of Debt | $411,900,000 | $1,533,100,000 | $5,406,700,000 | $-1,162,300,000 |
| Net Short Term Debt Issuance | $-1,562,400,000 | $2,341,300,000 | $4,859,000,000 | $-1,742,100,000 |
| Net Long Term Debt Issuance | $1,974,300,000 | $-808,200,000 | $547,700,000 | $579,800,000 |
| Long Term Debt Payments | $-1,025,700,000 | $-818,100,000 | $-30,700,000 | $-475,900,000 |
| Long Term Debt Issuance | $3,000,000,000 | $9,900,000 | $578,400,000 | $1,055,700,000 |
| Net Investment Purchase And Sale | $-2,177,200,000 | $-3,950,500,000 | $-2,158,200,000 | $-2,135,900,000 |
| Sale Of Investment | $14,880,200,000 | $11,641,500,000 | $902,800,000 | $1,878,900,000 |
| Purchase Of Investment | $-17,057,400,000 | $-15,592,000,000 | $-3,061,000,000 | $-4,014,800,000 |
| Net Business Purchase And Sale | $0 | $0 | $-50,000,000 | $-1,024,400,000 |
| Purchase Of Business | $0 | $0 | $-50,000,000 | $-1,024,400,000 |
| Net Intangibles Purchase And Sale | $908,300,000 | $798,200,000 | $391,900,000 | $1,182,800,000 |
| Sale Of Intangibles | $908,300,000 | $798,200,000 | $391,900,000 | $1,182,800,000 |
| Net PPE Purchase And Sale | $-83,800,000 | $-114,300,000 | $-141,000,000 | $-69,400,000 |
| Purchase Of PPE | $-83,800,000 | $-114,300,000 | $-141,000,000 | $-69,400,000 |
| Other Non Cash Items | $-3,543,900,000 | $-1,029,600,000 | $1,133,400,000 | $-3,629,900,000 |
| Stock Based Compensation | $47,700,000 | $34,300,000 | $39,800,000 | $35,100,000 |
| Deferred Tax | $12,400,000 | $-24,900,000 | $-68,600,000 | $42,000,000 |
| Deferred Income Tax | $12,400,000 | $-24,900,000 | $-68,600,000 | $42,000,000 |
| Depreciation Amortization Depletion | $118,500,000 | $86,500,000 | $74,600,000 | $50,000,000 |
| Depreciation And Amortization | $118,500,000 | $86,500,000 | $74,600,000 | $50,000,000 |
| Depreciation | $118,500,000 | $86,500,000 | $74,600,000 | $50,000,000 |
| Gain Loss On Investment Securities | $-17,400,000 | $40,800,000 | $-6,800,000 | $-8,400,000 |
| Net Income From Continuing Operations | $787,700,000 | $722,400,000 | $1,057,300,000 | $899,200,000 |
| Change In Working Capital | - | $114,700,000 | $-38,700,000 | $-157,600,000 |
| Common Stock Payments | - | - | $0 | $0 |