Western Alliance Bancorporation WAL
- Market cap
- $8.3B
- P/E
- 8.7×
Follow WAL
Target Price Range
Analyst price targets
Free account| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 26.60 | 44.64 | 37.39 | 38.55 | 20.90 | 57.98 | 54.86 | 7.46 | 53.75 | 57.05 |
Analyst estimates 2026–2028 Powerpack |
Low Price
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| 50.72 | 60.25 | 64.06 | 57.61 | 61.23 | 124.88 | 124.93 | 81.17 | 98.10 | 94.40 |
High Price
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| 1,557 | 1,725 | 1,787 | 1,835 | 1,915 | 3,139 | 3,365 | 3,260 | 3,524 | 3,769 |
Employees
|
|||
| 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
Revenue/Emp
|
|||
| 743 | 891 | 1,077 | 1,290 | 1,333 | 2,063 | 3,016 | 4,316 | 5,084 | 5,371 |
Revenue
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| 94.18% | 93.17% | 89.08% | 85.69% | 92.88% | 94.67% | 84.24% | 60.70% | 62.19% | 65.96% |
Gross Margin
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| 361 | 452 | 510 | 604 | 623 | 1,123 | 1,316 | 934 | 991 | 1,207 |
EBT
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| 48.58% | 50.72% | 47.40% | 46.83% | 46.71% | 54.44% | 43.63% | 21.63% | 19.50% | 22.48% |
EBT Margin
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| 260 | 325 | 436 | 499 | 507 | 899 | 1,057 | 722 | 788 | 991 |
Net Income
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| 18 | 30 | 24 | 45 | 61 | 73 | 85 | (17) | (99) | 87 |
Depreciation
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| 7.21 | 8.55 | 10.28 | 12.56 | 13.30 | 20.09 | 28.14 | 39.85 | 46.82 | 49.37 |
Revenue/Sh
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| 2.50 | 3.10 | 4.16 | 4.86 | 5.04 | 8.72 | 9.74 | 6.54 | 7.14 | 8.79 |
Earnings/Sh
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| 2.72 | 3.68 | 5.17 | 6.99 | 6.69 | (25.84) | 20.95 | (3.03) | (25.25) | (24.62) |
Cash Flow/Sh
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| (0.10) | 0.12 | (0.02) | (0.33) | (0.27) | (0.68) | (1.32) | (1.06) | (0.77) | (1.05) |
Capex/Sh
|
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| 2.62 | 3.80 | 5.15 | 6.66 | 6.42 | (26.52) | 19.63 | (4.09) | (26.02) | (25.67) |
Free CF/Sh
|
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| 18.36 | 21.40 | 24.96 | 29.37 | 34.07 | 48.33 | 49.96 | 56.12 | 61.76 | 73.03 |
Book Value/Sh
|
|||
| 103 | 104 | 105 | 103 | 100 | 103 | 107 | 108 | 109 | 109 |
Shares
|
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| 19.65 | 18.29 | 9.52 | 11.75 | 11.87 | 12.39 | 6.01 | 9.89 | 11.75 | 9.58 |
PE Ratio
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| 6.84 | 6.65 | 3.84 | 4.54 | 4.51 | 5.36 | 2.08 | 1.62 | 1.78 | 1.70 |
PS Ratio
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| 2.69 | 2.66 | 1.58 | 1.94 | 1.76 | 2.37 | 1.24 | 1.21 | 1.41 | 1.20 |
PB Ratio
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| 7.06 | 7.04 | 4.17 | 4.51 | 2.93 | 6.27 | 4.12 | 3.14 | 2.25 | 2.21 |
EV/Sales
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| 19.43 | 15.84 | 8.32 | 8.50 | 6.07 | (4.75) | 5.90 | (30.60) | (4.05) | (4.25) |
EV/FCF
|
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| 281 | 384 | 541 | 718 | 670 | (2,654) | 2,245 | (329) | (2,742) | (2,679) |
Op' Cash Flow
|
|||
| (11) | 12 | (2) | (34) | (27) | (69) | (141) | (114) | (84) | (114) |
Capex
|
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| 270 | 396 | 539 | 684 | 643 | (2,723) | 2,104 | (443) | (2,826) | (2,793) |
FCF
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| (1,223) | (1,628) | (1,143) | (1,423) | (2,485) | (2,638) | 135 | (2,395) | (6,657) | (11,849) |
Working Cap'
|
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| 448 | 767 | 851 | 394 | 570 | 2,398 | 7,192 | 8,125 | 6,472 | 6,316 |
Total Debt
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| 163 | 350 | 353 | (41) | (2,102) | 1,882 | 6,149 | 6,549 | 2,376 | 2,720 |
Net Debt
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| 1,892 | 2,230 | 2,614 | 3,017 | 3,414 | 4,963 | 5,356 | 6,078 | 6,707 | 7,946 |
Sh' Equity
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| 1.65% | 1.73% | 2.01% | 2.00% | 1.60% | 1.94% | 1.69% | 1.02% | 1.02% | 1.10% |
ROA
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| 11.36% | 10.94% | 10.75% | 12.77% | 29.59% | 10.39% | 7.15% | 4.62% | 6.82% | 7.07% |
ROIC
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| 14.92% | 15.80% | 18.00% | 17.73% | 15.76% | 22.17% | 21.47% | 13.09% | 12.71% | 13.60% |
ROE
|
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Western Alliance Bancorporation peers in Banks Regional
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| BSMX Grupo Financiero Santander Mexico S.A. B. de C.V. | $8.3B | 5.1× | Compare |
| COLB Columbia Banking System, Inc. | $8.3B | 11.8× | Compare |
| PB Prosperity Bancshares, Inc. | $8.2B | 11.7× | Compare |
| CBSH Commerce Bancshares, Inc. | $8.0B | 13.7× | Compare |
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| BOKF BOK Financial Corporation | $8.0B | 12.4× | Compare |
| CBC Central Bancompany | $7.7B | 17.7× | Compare |
| ZION Zions Bancorporation, N.A. | $9.2B | 8.1× | Compare |
| ONB Old National Bancorp | $9.6B | 11.3× | Compare |
Western Alliance Bancorporation (WAL) key facts
- Western Alliance Bancorporation (WAL) is a Banks Regional company in the Financial sector, listed on the New York Stock Exchange.
- Western Alliance Bancorporation’s revenue for fiscal 2025 (year ended December 2025) was $5.4 billion, up 5.64% from fiscal 2024.
- Net income was $990.6 million, or $8.79 per share (basic), a net margin of 17.8%.
- As of September 25, 2026, WAL traded at $77.61, a market capitalization of $8.3 billion.
- At that price the stock trades at 8.7× trailing-twelve-month earnings and 1.5× sales.
- Western Alliance Bancorporation pays an annual dividend of $1.44 per share, a yield of 2.50%, with a payout ratio of 17.3%.
- Return on equity was 13.6% and debt-to-equity 0.90.
Western Alliance Bancorporation (WAL) Latest News
22 Sep
Western Alliance Bancorporation (WAL) will present its growth story to institutional investors at the Barclays Global Financial Services Conference in New York on September 16, 2026, led by CEO Kenneth A. Vecchione, with emphasis on Sun Belt and Western U.S. momentum. The stock has recently pulled back: 90-day return −2.5%, year-to-date −7.98%, though three-year total return remains strong at +81.5%. Valuations show a roughly 14% undervaluation versus a $91.93 fair value, with WAL closing around $78.65, signaling potential mispricing amid concerns on profitability quality and CRE exposure, plus higher regulatory costs. Long-term growth drivers include loan/deposit expansion and higher-margin fee lines from technology, digital assets, and sector-specific lending. Risks center on CRE concentration and regulatory/compliance costs, which could temper the undervaluation case. The conference could influence sentiment, but lacks new material guidance. Conference preview may influence short-term sentiment but no new earnings guidance or catalysts are provided.
21 Sep
Western Alliance Bancorporation trades at $78.52, up 13.6% over six months, roughly in line with the market's 16.4% gain. A cautious stance is taken: WAL isn't seen as an exciting opportunity. Core headwinds include a shrinking net interest margin (average 3.5% over two years, down about 10.6 basis points), an expected rise in the efficiency ratio to 57.9% next 12 months from about 50% recently, and only 2% annualized EPS growth over five years despite stronger revenue growth of 21.1%. Valuation sits near 1.1× forward P/B, seen as reasonable but not compelling. With better investments elsewhere highlighted, the takeaway is to avoid adding WAL now, pending clearer catalysts. Declining NIM, weaker efficiency metrics, and tepid EPS growth imply limited upside and could dampen future performance.
27 Aug
Western Alliance Bancorporation posted Q2 earnings as part of regional banks review, highlighting financial results and sector positioning. Q2 earnings data directly shapes near-term views on profitability and regional bank stability.
22 Jul
Western Alliance Bancorporation held its Q2 2026 earnings call covering financial results, performance metrics, and forward outlook for the bank. Q2 earnings call delivers core financial results and guidance that directly shape valuation and investor outlook for WAL.
Western Alliance Bancorporation reported strong loan growth during its Q2 2026 earnings call. Positive loan growth directly affects core banking operations and near-term financial results.
Western Alliance Bancorporation released Q2 earnings call highlights covering financial results and performance metrics. Q2 earnings highlights deliver updated financial metrics that moderately shape near-term investor sentiment and valuation.
21 Jul
Western Alliance Bancorporation reported Q2 earnings that missed estimates. Q2 earnings miss will pressure WAL stock price and near-term investor sentiment.
Western Alliance Bancorporation (NYSE:WAL) reported Q2 CY2026 sales that beat expectations. Quarterly sales beat may move near-term stock price and sentiment but does not alter long-term strategy.
Western Alliance Bancorporation released its second quarter 2026 financial results. Quarterly earnings release delivers core financial metrics that shape near-term valuation and sentiment.
20 Jul
Western Alliance Bancorporation anticipates revenue growth with steady analyst estimates ahead of earnings, potentially shifting company narrative. Revenue growth expectations and analyst estimates may moderately shift investor sentiment and market performance ahead of earnings.
Western Alliance Bancorporation (WAL) valuation faces scrutiny ahead of its earnings report with questions on whether the stock trades below fair value. Pre-earnings valuation questions may moderately sway short-term WAL stock sentiment without altering core operations.
3 Jul
Western Alliance Bancorporation reported Q1 earnings, with analysis weighing whether investors should buy, sell or hold the stock based on financial results and outlook. Q1 earnings and related stock recommendation directly inform near-term investor sentiment and valuation for WAL.
10 Jun
Western Alliance Bancorporation posted Q1 earnings results that are compared directly with performance metrics from other regional banks stocks. Q1 earnings comparison to peers can shift near-term investor views on WAL relative positioning without altering long-term fundamentals.
3 Jun
Western Alliance Bancorporation faces a loan dispute and is implementing an offset plan, raising questions about potential shifts in its market narrative and investor perception. Loan dispute with offset plan may moderately affect WAL financials and sentiment but remains limited in scope.
27 May
COLB strengthens focus on relationship deposits amid intensifying competition from Western banks including WAL. Intensifying deposit competition from COLB creates moderate pressure on WAL funding and positioning.
16 May
Western Alliance Bancorporation faces shifting market narratives amid credit quality concerns and a reset in its stock valuation. Credit questions and valuation reset signal material risks to Western Alliance Bancorporation's financial trajectory and investor sentiment.
12 May
Western Alliance Bancorporation defends its lending practices amid credit snags. Credit snags in lending practices may noticeably impact WAL's financial performance and investor sentiment, though company defense limits severity.
28 Apr
Western Alliance Bancorporation’s Q1 earnings call highlighted five must-read analyst questions addressing key concerns on performance, strategy, and market outlook. Analyst questions from Q1 earnings call spotlight investor scrutiny on financial health and operations, influencing moderate market sentiment.
24 Apr
Western Alliance Bancorporation released Q1 earnings call highlights detailing financial performance, loan growth, deposit stability, and outlook amid banking sector challenges. Q1 earnings highlights reveal key financial metrics and strategic updates that significantly influence WAL's market performance and investor confidence.
23 Apr
Western Alliance Bancorp (WAL) Q1 2026 earnings call highlighted strong deposit growth, improved financial metrics, and positive outlook amid robust performance. Strong deposit growth bolsters WAL's liquidity and stability, significantly lifting future performance and investor sentiment.
22 Apr
Western Alliance Bancorporation (WAL) released its Q1 2026 earnings call transcript, detailing quarterly financial results, management commentary, and forward guidance. Q1 2026 earnings transcript discloses key financial metrics and strategic updates poised to drive significant shifts in WAL's stock price and investor outlook.
Western Alliance Bancorporation released Q1 2026 earnings call summary highlighting financial results, strategic updates, and future outlook. Q1 2026 earnings results and guidance directly impact WAL's financial performance, stock trajectory, and investor sentiment.
Western Alliance Bancorporation (WAL) posted Q1 results marked by robust deposit growth offset by elevated fraud charge-offs, yielding a mixed quarter. Deposit growth bolsters balance sheet stability, but fraud charge-offs dent profitability for moderate net impact on performance.
21 Apr
Western Alliance Bancorporation reported Q1 earnings, analyzing key metrics against analyst estimates. Q1 earnings metrics versus estimates significantly impact WAL's stock price and investor outlook.
Western Alliance Bancorporation (WAL) beat first-quarter earnings and revenue estimates. Surpassing Q1 earnings and revenue estimates strengthens financial position and elevates investor sentiment significantly.
Western Alliance Bancorporation (NYSE: WAL) reported Q1 CY2026 results, beating revenue expectations. Beating Q1 CY2026 revenue expectations highlights strong financial performance, significantly impacting WAL's market sentiment and trajectory.
Western Alliance Bancorporation reported first quarter 2026 financial results. Quarterly earnings reports significantly influence WAL's financial performance and investor sentiment.
Western Alliance Bancorporation (WAL) Q4 2025 earnings call transcript released, detailing quarterly financial results, management commentary, and forward guidance. Q4 2025 earnings transcript discloses key financial metrics, strategic updates, and outlook that significantly influence WAL's market performance and investor sentiment.
14 Apr
Western Alliance Bancorporation (WAL) Q1 earnings expected to decline. Expected Q1 earnings decline will noticeably impact financial performance and market sentiment.
13 Apr
Western Alliance Bancorporation (WAL) investment story shifts after credit events trigger loan loss concerns and prompt multiple analyst price target cuts. Credit events heighten WAL's loan loss provisions and risk profile, driving analyst target cuts that pressure stock performance and investor sentiment.