Western Alliance Bancorporation WAL

77.61 1.35 1.77% as of 25 Sep
Market cap
$8.3B
P/E
8.7×
Growth Flags show if company had growth for consecutive years,
Insider Buys alert about insiders buying in the last 12 month

Insider Decisions

Total buys 0.31
Total sells 5.85
in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy 1 — — — — — — — — — — —
Sell — — 1 — 1 — — — 2 — — —
Insider Ownership 5.26%

Capital & Financial Ratios

Market Cap 8,320.00
Revenue 5,716.90
Net Income 1,011.70
Free Cash Flow (1,650.60)
Net Debt 1,369.00
Current Ratio 0.86
Debt/Equity 0.90
P/E ratio 8.70
P/S ratio 1.46
P/B ratio 1.07
Past 5Y EPS Growth 7.93%
This Y EPS Growth 2.93%
Next Y EPS Growth 23.13%
Next 5Y EPS Growth 12.22%
in millions of $

Dividends

Payout Ratio 0.17
Annual Dividend Rate 1.44
Annual Dividend Yield 2.50%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 1.68
0.42
0.42
0.42
2025 1.56
0.38
0.38
0.38
0.42
2024 1.49
0.37
0.37
0.37
0.38
2023 1.45
0.36
0.36
0.36
0.37
2022 1.42
0.35
0.35
0.36
0.36
2021 1.20
0.25
0.25
0.35
0.35
2020 1.00
0.25
0.25
0.25
0.25
2019 0.50
0.25
0.25
2018 Powerpack
2017 Powerpack
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 1,576 4,096 3,596 5,936
Receivables — — — —
Inventory — — — —
Other — — — —
52,938 59,684 65,310 70,745
2023 2024 2025 Q'26
Payables 55,333 66,341 77,159 81,874
ST’ Debt — — — —
Other — — — —
55,333 66,341 77,159 81,874
in millions of $

Compound Annual Growth

10y 5y 3y
Sales 25.48% 32.15% 21.21%
Cash Flow 0.00% 0.00% 0.00%
Earnings 17.32% 13.55% (2.90%)
Book Value 17.44% 18.41% 14.05%

Revenue

Mar Jun Sep Dec Year
’26 1,441 1,431 — — —
’25 1,223 1,303 1,413 1,432 5,371
’24 1,185 1,263 1,326 1,311 5,084
’23 911 1,120 1,156 1,130 4,316
’22 591 675 801 950 3,016
’21 354 535 581 594 2,063
’20 312 340 325 355 1,333
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Mar Jun Sep Dec Year
’26 (507) (356) — — —
’25 (1,654) (358) (597) (70) (2,679)
’24 (306) (746) (1,068) (622) (2,742)
’23 357 (457) (570) 341 (329)
’22 623 337 491 794 2,245
’21 100 (1,224) (2,145) 615 (2,654)
’20 124 159 167 220 670
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Mar Jun Sep Dec Year
’26 (531) (375) — — —
’25 (1,671) (379) (626) (118) (2,793)
’24 (325) (762) (1,090) (648) (2,826)
’23 329 (490) (596) 314 (443)
’22 597 316 454 738 2,104
’21 90 (1,227) (2,164) 577 (2,723)
’20 113 158 154 219 643
in millions of $ · fiscal quarters ending in the months shown

EPS

Mar Jun Sep Dec Year
’26 1.65 2.36 — — —
’25 1.79 2.07 2.28 2.59 8.73
’24 1.60 1.75 1.80 1.95 7.09
’23 1.28 1.96 1.97 1.33 6.54
’22 2.22 2.39 2.42 2.67 9.70
’21 1.90 2.17 2.28 2.32 8.67
’20 0.83 0.93 1.36 1.93 5.04
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

1.7
1Buy 2 3Hold 4 5Sell
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
50.72 60.25 64.06 57.61 61.23 124.88 124.93 81.17 98.10 94.40
High Price
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
94.18% 93.17% 89.08% 85.69% 92.88% 94.67% 84.24% 60.70% 62.19% 65.96%
Gross Margin
361 452 510 604 623 1,123 1,316 934 991 1,207
EBT
48.58% 50.72% 47.40% 46.83% 46.71% 54.44% 43.63% 21.63% 19.50% 22.48%
EBT Margin
260 325 436 499 507 899 1,057 722 788 991
Net Income
18 30 24 45 61 73 85 (17) (99) 87
Depreciation
7.21 8.55 10.28 12.56 13.30 20.09 28.14 39.85 46.82 49.37
Revenue/Sh
2.50 3.10 4.16 4.86 5.04 8.72 9.74 6.54 7.14 8.79
Earnings/Sh
2.72 3.68 5.17 6.99 6.69 (25.84) 20.95 (3.03) (25.25) (24.62)
Cash Flow/Sh
(0.10) 0.12 (0.02) (0.33) (0.27) (0.68) (1.32) (1.06) (0.77) (1.05)
Capex/Sh
2.62 3.80 5.15 6.66 6.42 (26.52) 19.63 (4.09) (26.02) (25.67)
Free CF/Sh
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
19.65 18.29 9.52 11.75 11.87 12.39 6.01 9.89 11.75 9.58
PE Ratio
6.84 6.65 3.84 4.54 4.51 5.36 2.08 1.62 1.78 1.70
PS Ratio
2.69 2.66 1.58 1.94 1.76 2.37 1.24 1.21 1.41 1.20
PB Ratio
7.06 7.04 4.17 4.51 2.93 6.27 4.12 3.14 2.25 2.21
EV/Sales
19.43 15.84 8.32 8.50 6.07 (4.75) 5.90 (30.60) (4.05) (4.25)
EV/FCF
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
270 396 539 684 643 (2,723) 2,104 (443) (2,826) (2,793)
FCF
(1,223) (1,628) (1,143) (1,423) (2,485) (2,638) 135 (2,395) (6,657) (11,849)
Working Cap'
448 767 851 394 570 2,398 7,192 8,125 6,472 6,316
Total Debt
163 350 353 (41) (2,102) 1,882 6,149 6,549 2,376 2,720
Net Debt
1,892 2,230 2,614 3,017 3,414 4,963 5,356 6,078 6,707 7,946
Sh' Equity
1.65% 1.73% 2.01% 2.00% 1.60% 1.94% 1.69% 1.02% 1.02% 1.10%
ROA
11.36% 10.94% 10.75% 12.77% 29.59% 10.39% 7.15% 4.62% 6.82% 7.07%
ROIC
14.92% 15.80% 18.00% 17.73% 15.76% 22.17% 21.47% 13.09% 12.71% 13.60%
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

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.

Source: company filings (standardised) and stockrow calculations.

Western Alliance Bancorporation (WAL) Latest News

News by impact score

Fine-tune

22 Sep

3

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

3

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

3

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

4

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.

3

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.

3 transcript

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

3

Western Alliance Bancorporation reported Q2 earnings that missed estimates. Q2 earnings miss will pressure WAL stock price and near-term investor sentiment.

3

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.

3

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

3

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.

3

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

3

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

3

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

3

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

3

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

4

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

3

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

3

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

4

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

4

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

4 transcript

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.

4

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.

3

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

4

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.

4

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.

4

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.

4

Western Alliance Bancorporation reported first quarter 2026 financial results. Quarterly earnings reports significantly influence WAL's financial performance and investor sentiment.

4 transcript

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

3

Western Alliance Bancorporation (WAL) Q1 earnings expected to decline. Expected Q1 earnings decline will noticeably impact financial performance and market sentiment.

13 Apr

4

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.

stockrow.com/WAL · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com