WESTERN ALLIANCE BANCORPORATION WAL

Financials SIC 6022 - State Commercial Banks NAICS Finance and Insurance › Credit Intermediation and Related Activities › Depository Credit Intermediation › Commercial Banking derived NYSE

WAL is a bank holding company headquartered in Phoenix, Arizona, incorporated under the laws of the state of Delaware. WAL provides a full spectrum of customized loan, deposit, and treasury management capabilities, including funds transfer and other digital payment offerings through its wholly-owned banking subsidiary, WAB. Effective as of October 4, 2025, the Company completed its brand unity initiative, consolidating its legacy division bank brands: ABA, BON, FIB, Bridge, and TPB, under a single unified name, Western Alliance Bank.

The Company also serves business customers through a national platform of specialized financial services, including mortgage banking services through AmeriHome and digital payment services for the class action legal industry. In addition, the Company has the following non-bank subsidiaries: CSI, a captive insurance company formed and licensed under the laws of the state of Arizona and established as part of the Company's overall enterprise risk management strategy and WATC, which provides corporate trust services and levered loan administration solutions.

Last close 76.12 2026-10-23
Market cap $8.30B 2026-06-30 share count
52-week range 65.81 - 97.23

Valuation FY2025 figures against the last close

P/S61.2x
P/E8.7x
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS8.73

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $135.8M$68.0M$98.6M$44.1M$37.6M$1.26B$1.23B$1.03B$845.5M$700.5M
Interest expense $2.86B$2.62B$2.34B$2.22B$109.9M$94.9M$184.6M$117.6M$60.8M$43.3M
Pre-tax income $1.21B$991.2M$933.6M$1.32B$1.12B$622.5M$604.2M$510.3M$451.8M$361.2M
Income tax $216.6M$203.5M$211.2M$258.8M$223.8M$115.9M$105.0M$74.5M$126.3M$101.4M
Net income $991.0M$788.0M$722.0M$1.06B$899.0M$506.6M$499.2M$435.8M$325.5M$259.8M
EPS, basic 8.797.146.559.748.725.064.864.163.122.52
EPS, diluted 8.737.096.549.708.675.044.844.143.102.50
Shares, diluted (wtd. avg.) 109.5M109.3M108.5M107.6M103.3M100.5M103.1M105.4M105.0M103.8M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $3.60B$4.10B$1.58B$1.04B$516.4M$2.67B$434.6M$498.6M$416.8M$284.5M
Property, plant and equipment $442.0M$361.0M$339.0M$276.0M$182.0M$134.1M$125.8M$119.5M$118.7M$119.8M
Goodwill $527.0M$527.0M$527.0M$527.0M$491.0M$199.8M$289.9M$289.9M$289.9M$290.0M
Other intangibles $122.0M$132.0M$142.0M$153.0M$143.0M$8.2M$7.3M$9.3M$10.9M$12.9M
Total assets $92.77B$80.93B$70.86B$67.73B$55.98B$36.46B$26.82B$23.11B$20.33B$17.20B
Short-term debt $3.85B$3.15B$6.78B$4.99B$727.0M$21.0M$0$491.0M$390.0M$80.0M
Long-term debt $1.39B$2.42B$446.0M$1.31B$775.0M$0————
Total liabilities $84.83B$74.23B$64.78B$62.38B$51.02B$33.05B$23.81B$20.50B$18.10B$15.31B
Retained earnings $5.61B$4.83B$4.21B$3.66B$2.77B$2.00B$1.68B$1.28B$848.5M$522.4M
Total equity $7.65B$6.71B$6.08B$5.36B$4.96B$3.41B$3.02B$2.61B$2.61B$1.89B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow -$2.68B-$2.74B-$328.6M$2.25B-$2.65B$670.2M$717.8M$541.0M$383.8M$280.6M
Depreciation and amortisation $86.7M$71.0M$49.5M$31.8M$20.7M$15.2M$13.5M———
Stock-based compensation $51.4M$47.7M$34.3M$39.8M$35.1M$28.7M$26.2M$25.7M$23.6M$20.3M
Investing cash flow -$9.95B-$5.97B-$2.16B-$13.13B-$14.71B-$7.54B-$3.72B-$2.71B-$2.96B-$2.89B
Financing cash flow $12.13B$11.23B$3.02B$11.41B$15.21B$9.10B$2.94B$2.25B$2.70B$2.67B
Dividends paid —$176.8M$171.5M$166.2M$127.6M$101.3M$51.3M$0$0—
Buybacks $68.1M$0$0$0$0$71.6M$120.2M$35.7M$0—

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-170399.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 500M 1B 1.5B Revenue, FY2016: 700.5M Net income, FY2016: 259.8M Revenue, FY2017: 845.5M Net income, FY2017: 325.5M Revenue, FY2018: 1B Net income, FY2018: 435.8M Revenue, FY2019: 1.2B Net income, FY2019: 499.2M Revenue, FY2020: 1.3B Net income, FY2020: 506.6M Revenue, FY2021: 37.6M Net income, FY2021: 899M Revenue, FY2022: 44.1M Net income, FY2022: 1.1B Revenue, FY2023: 98.6M Net income, FY2023: 722M Revenue, FY2024: 68M Net income, FY2024: 788M Revenue, FY2025: 135.8M Net income, FY2025: 991M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $700.5M $845.5M $1.03B $1.23B $1.26B $37.6M $44.1M $98.6M $68.0M $135.8M
Gross profit — — — — — — — — — —
Net income $259.8M $325.5M $435.8M $499.2M $506.6M $899.0M $1.06B $722.0M $788.0M $991.0M

Recent filings and events

  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Other event Item 8.01
  • Results announced Item 2.02
  • Material impairment The company has written down the carrying value of an asset - often goodwill from an acquisition that did not work out. Item 2.06
  • Regulation FD disclosure Item 7.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Other event Item 8.01
  • Other event Item 8.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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