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Friday 6 November 2026 Export WAL’s income statement to Excel — free account

Western Alliance Bancorporation

WAL Financial Banks Regional

Western Alliance Bancorporation’s revenue for fiscal 2025 (year ended December 2025) was $5.4 billion, up 5.64% from fiscal 2024.

Revenue
+3.58%
EPS
+6.52%
Free cash flow
+218.5%
Total debt
+46.7%

Quarter to September 2026, against a year earlier

75.96 3.28 −4.14%
Market cap
$8.2B
P/E
8.4×
Fwd P/E
8.5×
Dividend yield
2.21%
F-score
4/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Valuation Filings

Western Alliance Bancorporation (WAL) P/B ratio

Alert me on P/B ratio

As of 5 November 2026, Western Alliance Bancorporation (WAL) trades at a P/B ratio of 1.1×. Over the past ten years it has ranged from 0.4× (May 2023) to 3.1× (June 2015); the current reading is higher than 10% of that period. That is below the Banks Regional industry median of 1.2× and below the Financial sector median of 1.3×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2025 1.2× (15.51%)
FY2024 1.4× 16.81%
FY2023 1.2× (2.28%)
FY2022 1.2× (47.67%)
FY2021 2.4× 34.58%
FY2020 1.8× (9.31%)
FY2019 1.9× 22.67%
FY2018 1.6× (40.47%)
FY2017 2.7× (1.12%)
FY2016 2.7× 26.11%

Quarterly newest first

Period P/B ratio Change
Sep 2026 1.1× (6.74%)
Jun 2026 1.1× 12.24%
Mar 2026 1.0× (15.77%)
Dec 2025 1.2× (6.47%)
43 more quarters

Against its own ten years

Low 0.4× High 3.1×
Ten-year median 1.8×
Current reading's percentile 11

P/B ratio against peers

Company P/B ratio
VLY Valley National Bancorp compare 1.0×
PB Prosperity Bancshares, Inc. compare 1.0×
WAL Western Alliance Bancorporation 1.1×
ONB Old National Bancorp compare 1.2×
COLB Columbia Banking System, Inc. compare 1.2×
ZION Zions Bancorporation, N.A. compare 1.2×
BOKF BOK Financial Corporation compare 1.3×
CBSH Commerce Bancshares, Inc. compare 1.9×
CBC Central Bancompany compare 2.3×
Banks Regional industry median 1.2×
Financial sector median 1.3×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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