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Western Alliance Bancorporation (WAL) Financials

Western Alliance Bancorporation logo
$77.75 -2.45 (-3.05%)
Closing price 03:58 PM Eastern
Extended Trading
$77.56 -0.20 (-0.25%)
As of 06:32 PM Eastern
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Annual Income Statements for Western Alliance Bancorporation

Annual Income Statements for Western Alliance Bancorporation

This table shows Western Alliance Bancorporation's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 193 260 325 436 499 507 896 1,045 710 775 956
Consolidated Net Income / (Loss)		 194 260 325 436 499 507 899 1,057 722 788 991
Net Income / (Loss) Continuing Operations		 194 260 325 436 499 507 899 1,057 722 788 991
Total Pre-Tax Income 		259 361 452 510 604 623 1,123 1,316 934 991 1,207
Total Revenue		 522 700 830 959 1,106 1,238 1,953 2,541 2,620 3,162 3,543
Net Interest Income / (Expense)		 493 657 785 916 1,040 1,167 1,549 2,216 2,339 2,619 2,865
Total Interest Income		 525 701 846 1,034 1,225 1,262 1,659 2,692 4,035 4,541 4,693
Loans and Leases Interest Income		 476 637 748 911 1,093 1,144 1,489 2,393 3,410 3,629 3,680
Investment Securities Interest Income		 48 62 91 123 132 118 170 298 626 912 1,013
Total Interest Expense		 33 43 61 118 185 95 110 476 1,696 1,922 1,828
Deposits Interest Expense		 22 30 42 91 158 70 48 276 1,143 1,600 1,538
Long-Term Debt Interest Expense		 11 14 19 22 23 24 33 35 38 38 33
Other Interest Expense		 - - - - 2.80 0.60 29 164 516 284 258
Total Non-Interest Income		 30 43 45 43 65 71 404 325 281 543 678
Other Service Charges		 22 27 29 33 33 39 41 220 224 246 316
Net Realized & Unrealized Capital Gains on Investments		 2.63 7.15 10 2.20 17 17 363 100 52 269 316
Other Non-Interest Income		 5.29 9.06 6.07 8.20 16 15 1.10 4.60 4.50 28 46
Provision for Credit Losses		 3.20 8.00 17 25 19 124 -21 68 63 146 224
Total Non-Interest Expense		 261 331 361 424 482 492 851 1,157 1,623 2,025 2,112
Salaries and Employee Benefits		 150 189 214 253 279 304 467 540 566 631 758
Net Occupancy & Equipment Expense		 38 47 47 52 63 70 102 139 188 223 258
Marketing Expense		 2.89 9.50 9.93 9.80 11 9.60 14 22 22 33 29
Property & Liability Insurance Claims		 19 25 30 29 37 42 59 100 107 109 116
Insurance Policy Acquisition Costs		 - - - - 0.00 0.00 54 56 59 68 69
Other Operating Expenses		 41 46 58 78 91 66 136 301 734 961 883
Other Special Charges		 - - - - - - 5.90 0.00 -53 0.00 0.00
Income Tax Expense		 64 101 126 75 105 116 224 259 211 204 217
Preferred Stock Dividends Declared		 0.75 - - - 0.00 0.00 3.50 13 13 13 13
Net Income / (Loss) Attributable to Noncontrolling Interest		 - - - - - - - - 0.00 0.00 22
Basic Earnings per Share		 $2.05 $2.52 $3.12 $4.16 $4.86 $5.06 $8.72 $9.74 $6.55 $7.14 $8.79
Weighted Average Basic Shares Outstanding		 94.57M 103.04M 104.18M 104.70M 102.70M 100.20M 102.70M 107.20M 108.30M 108.60M 108.80M
Diluted Earnings per Share		 $2.03 $2.50 $3.10 $4.14 $4.84 $5.04 $8.67 $9.70 $6.54 $7.09 $8.73
Weighted Average Diluted Shares Outstanding		 95.22M 103.84M 105.00M 105.40M 103.10M 100.50M 103.30M 107.60M 108.50M 109.30M 109.50M
Weighted Average Basic & Diluted Shares Outstanding		 94.40M 103.10M 104.30M 104.80M 102.48M 107.00M 107.00M 109.61M 110.18M 110.45M 109.88M
Cash Dividends to Common per Share		 $0.00 $0.00 - - $0.25 $0.25 $1.20 $1.42 $1.45 $1.49 $1.56

Quarterly Income Statements for Western Alliance Bancorporation

This table shows Western Alliance Bancorporation's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 213 145 174 190 197 214 196 227 250 283 179
Consolidated Net Income / (Loss)		 217 148 177 194 200 217 199 238 261 293 189
Net Income / (Loss) Continuing Operations		 217 148 177 194 200 217 199 238 261 293 189
Total Pre-Tax Income 		278 211 232 248 252 259 246 291 314 356 231
Total Revenue		 716 682 729 772 823 838 778 846 938 981 1,019
Net Interest Income / (Expense)		 587 592 599 657 697 667 651 698 750 766 766
Total Interest Income		 1,027 1,039 1,055 1,148 1,200 1,139 1,096 1,154 1,226 1,217 1,188
Loans and Leases Interest Income		 861 859 872 897 945 915 881 914 948 936 916
Investment Securities Interest Income		 166 180 183 251 255 223 215 240 277 281 273
Total Interest Expense		 440 447 456 491 503 472 445 457 475 451 422
Deposits Interest Expense		 316 344 381 410 422 387 378 378 398 384 361
Long-Term Debt Interest Expense		 9.50 9.60 9.50 9.60 9.50 9.40 9.30 8.20 6.30 9.00 13
Other Interest Expense		 114 94 66 71 72 76 57 71 71 59 48
Total Non-Interest Income		 129 91 130 115 126 172 127 148 188 215 253
Other Service Charges		 36 79 67 60 36 78 46 84 57 108 102
Net Realized & Unrealized Capital Gains on Investments		 66 47 62 56 65 91 70 54 100 114 140
Other Non-Interest Income		 27 -35 1.00 - 25 2.30 11 11 31 -7.30 11
Provision for Credit Losses		 12 9.30 15 37 34 60 31 40 80 73 213
Total Non-Interest Expense		 426 462 482 487 537 519 500 515 544 552 574
Salaries and Employee Benefits		 137 135 155 153 158 165 182 180 194 202 206
Net Occupancy & Equipment Expense		 51 50 54 54 56 59 62 62 65 69 72
Marketing Expense		 4.90 6.70 5.50 6.40 9.70 11 5.90 6.10 5.60 11 9.50
Property & Liability Insurance Claims		 28 29 30 26 25 29 29 25 28 34 31
Insurance Policy Acquisition Costs		 12 15 15 17 19 18 16 20 15 18 17
Other Operating Expenses		 193 266 223 231 270 237 204 221 237 220 240
Income Tax Expense		 61 63 54 54 52 43 47 54 53 63 42
Preferred Stock Dividends Declared		 3.20 3.20 3.20 3.20 3.20 3.20 3.20 3.20 3.20 3.20 3.20
Net Income / (Loss) Attributable to Noncontrolling Interest		 - - - - 0.00 - 0.00 7.40 7.10 - 7.10
Basic Earnings per Share		 $1.97 $1.33 $1.61 $1.75 $1.81 $1.97 $1.80 $2.08 $2.30 $2.61 $1.65
Weighted Average Basic Shares Outstanding		 108.30M 108.30M 108.50M 108.60M 108.70M 108.60M 108.80M 109M 109M 108.80M 108.20M
Diluted Earnings per Share		 $1.97 $1.33 $1.60 $1.75 $1.80 $1.94 $1.79 $2.07 $2.28 $2.59 $1.65
Weighted Average Diluted Shares Outstanding		 108.50M 108.50M 109M 109.10M 109.50M 109.30M 109.60M 109.60M 109.80M 109.50M 108.70M
Weighted Average Basic & Diluted Shares Outstanding		 109.47M 110.18M 110.11M 110.09M 110.07M 110.45M 110.40M 110.37M 110.05M 109.88M 109.19M
Cash Dividends to Common per Share		 $0.36 $0.37 $0.37 $0.37 $0.37 $0.38 $0.38 $0.38 $0.38 $0.42 $0.42

Annual Cash Flow Statements for Western Alliance Bancorporation

This table details how cash moves in and out of Western Alliance Bancorporation's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 60 60 132 82 -64 2,237 -2,155 527 533 2,520 -500
Net Cash From Operating Activities		 220 281 384 541 718 670 -2,654 2,245 -329 -2,742 -2,679
Net Cash From Continuing Operating Activities		 220 281 384 541 723 674 -2,654 2,245 -329 -2,742 -2,679
Net Income / (Loss) Continuing Operations		 194 260 325 436 499 507 899 1,057 722 788 991
Consolidated Net Income / (Loss)		 194 260 325 436 499 507 899 1,057 722 788 991
Provision For Loan Losses		 3.20 8.00 17 25 19 124 -21 68 63 146 224
Depreciation Expense		 8.47 12 13 14 19 23 34 52 63 94 107
Amortization Expense		 8.35 5.02 16 9.70 26 26 39 33 -80 -194 -19
Non-Cash Adjustments to Reconcile Net Income		 16 21 105 14 21 9.20 -3,447 1,073 -1,211 -3,841 -3,702
Changes in Operating Assets and Liabilities, net		 -9.74 -25 -94 43 138 -15 -158 -39 115 265 -279
Net Cash From Investing Activities		 -1,366 -2,890 -2,956 -2,713 -3,723 -7,538 -14,712 -13,130 -2,159 -5,967 -9,948
Net Cash From Continuing Investing Activities		 -1,366 -2,890 -2,956 -2,713 -3,723 -7,538 -14,712 -13,130 -2,159 -5,967 -9,948
Purchase of Investment Securities		 -2,162 -2,155 -3,526 -3,352 -4,705 -9,241 -17,774 -14,425 -14,600 -21,757 -23,456
Sale and/or Maturity of Investments		 454 536 570 638 982 1,703 3,062 1,295 12,440 15,790 13,508
Net Cash From Financing Activities		 1,206 2,669 2,704 2,254 2,941 9,104 15,211 11,412 3,020 11,229 12,127
Net Cash From Continuing Financing Activities		 1,206 2,669 2,704 2,254 2,941 9,104 15,211 11,412 3,020 11,229 12,127
Net Change in Deposits		 1,358 2,519 2,423 2,205 3,619 9,134 15,682 6,032 1,689 11,002 10,811
Issuance of Debt		 148 169 294 0.00 0.00 222 1,056 578 9.90 1,438 7,596
Issuance of Common Equity		 28 56 - - 0.00 0.00 540 158 2,662 0.10 0.00
Repayment of Debt		 -257 -66 - 97 -497 -71 -2,218 4,828 -1,158 -1,026 -6,287
Repurchase of Common Equity		 - - 0.00 -36 -120 -72 - - 0.00 0.00 -68
Payment of Dividends		 -0.75 - 0.00 0.00 -51 -101 -128 -166 -172 -177 -206
Other Financing Activities, Net		 0.21 -8.41 -13 -12 -9.60 -7.90 -16 -19 -11 -8.70 281
Cash Interest Paid		 29 42 60 114 180 109 112 453 1,581 1,942 1,850
Cash Income Taxes Paid		 55 61 99 19 -23 44 176 198 64 1.30 32

Quarterly Cash Flow Statements for Western Alliance Bancorporation

This table details how cash moves in and out of Western Alliance Bancorporation's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 1,344 -1,921 1,974 528 -1,485 1,504 -817 -512 2,990 -2,161 4,959
Net Cash From Operating Activities		 -570 341 -307 -746 -1,068 -622 -1,654 -358 -597 -70 -507
Net Cash From Continuing Operating Activities		 -570 341 -307 -746 -1,068 -622 -1,654 -358 -597 -70 -507
Net Income / (Loss) Continuing Operations		 217 148 177 194 200 217 199 238 261 293 189
Consolidated Net Income / (Loss)		 217 148 177 194 200 217 199 238 261 293 189
Provision For Loan Losses		 12 9.30 15 37 34 60 31 40 80 73 213
Depreciation Expense		 9.90 19 21 21 22 30 25 26 28 28 29
Amortization Expense		 -12 -57 -53 -64 -47 -30 -18 -6.90 0.70 5.10 -0.20
Non-Cash Adjustments to Reconcile Net Income		 -997 202 -755 -809 -1,252 -1,026 -1,727 -469 -1,048 -459 -914
Changes in Operating Assets and Liabilities, net		 201 20 287 -125 -24 127 -164 -186 81 -9.90 -24
Net Cash From Investing Activities		 -646 -1,880 -3,648 -2,512 -395 587 -1,593 -3,962 -596 -3,797 -458
Net Cash From Continuing Investing Activities		 -646 -1,879 -3,648 -2,512 -395 587 -1,593 -3,962 -596 -3,797 -458
Purchase of Investment Securities		 -1,467 -9,422 -6,520 -6,600 -5,420 -3,234 -3,848 -8,310 -4,827 -6,457 -7,925
Sale and/or Maturity of Investments		 821 7,542 2,872 4,088 5,025 3,821 2,255 4,348 4,232 2,660 7,467
Net Cash From Financing Activities		 2,559 -382 5,928 3,785 -23 1,538 2,430 3,808 4,183 1,706 5,924
Net Cash From Continuing Financing Activities		 2,559 -382 5,928 3,785 -23 1,538 2,430 3,808 4,183 1,706 5,924
Net Change in Deposits		 3,246 1,046 6,896 4,015 1,797 -1,705 2,979 1,783 6,139 -90 5,563
Issuance of Debt		 1,359 2,040 -911 -179 -1,768 5,857 1,220 3,510 1,470 1,396 1,503
Issuance of Common Equity		 - -2,662 0.00 - - 0.10 293 - - -293 0.00
Repayment of Debt		 -2,003 -763 -5.40 -7.10 -6.60 -2,569 -2,006 -1,432 -3,364 514 -1,006
Repurchase of Common Equity		 - - - - - - 0.00 - - -58 -50
Payment of Dividends		 -43 -44 -44 -44 -44 -45 -45 -53 -52 -57 -56
Other Financing Activities, Net		 - -0.10 -7.80 0.20 -1.10 - -11 -0.90 -0.10 293 -31
Cash Interest Paid		 368 473 439 496 501 506 442 479 469 460 417
Cash Income Taxes Paid		 13 6.60 -145 98 20 29 24 4.50 5.20 -2.20 59

Annual Balance Sheets for Western Alliance Bancorporation

This table presents Western Alliance Bancorporation's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 14,275 17,201 20,329 23,109 26,822 36,461 55,983 67,734 70,862 80,934 92,774
Cash and Due from Banks		 134 168 181 180 186 174 166 259 276 320 497
Interest Bearing Deposits at Other Banks		 91 116 236 319 249 2,498 350 784 1,300 3,776 3,099
Trading Account Securities		 1,984 2,703 3,755 3,695 4,486 11,205 14,724 9,720 14,114 15,095 20,438
Loans and Leases, Net of Allowance		 10,994 13,065 14,954 17,558 20,934 26,767 38,823 51,552 49,960 53,302 58,216
Loans and Leases		 11,113 13,190 15,094 17,711 21,102 27,053 39,075 51,862 50,297 53,676 58,677
Allowance for Loan and Lease Losses		 119 125 140 153 168 286 253 310 337 374 461
Loans Held for Sale		 24 19 - 0.00 22 26,774 5,635 - - 2,286 3,498
Premises and Equipment, Net		 119 120 119 119 126 134 182 276 339 361 442
Intangible Assets		 16 13 278 379 707 299 1,266 1,304 1,242 1,265 1,242
Other Assets		 625 707 519 570 629 1,145 2,111 3,839 3,631 4,529 5,342
Total Liabilities & Shareholders' Equity		 14,275 17,201 20,329 23,109 26,822 36,461 55,983 67,734 70,862 80,934 92,774
Total Liabilities		 12,684 15,309 18,099 20,496 23,805 33,048 51,020 62,378 64,784 74,227 84,828
Non-Interest Bearing Deposits		 4,094 5,633 7,434 7,456 8,538 13,463 21,353 19,691 14,520 18,846 24,353
Interest Bearing Deposits		 7,937 8,917 9,539 11,721 14,259 18,467 26,259 33,953 40,813 47,495 52,806
Short-Term Debt		 188 122 416 513 17 16 17 6,299 7,230 5,573 5,240
Long-Term Debt		 210 368 377 360 394 570 2,398 893 895 899 1,076
Other Long-Term Liabilities		 254 270 334 444 598 547 1,010 1,542 1,326 1,414 1,353
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 1,592 1,892 2,230 2,614 3,017 3,414 4,963 5,356 6,078 6,708 7,946
Total Preferred & Common Equity		 1,592 1,892 2,230 2,614 3,017 3,414 4,963 5,356 6,078 6,707 7,653
Preferred Stock		 - - - - - 0.00 295 295 295 295 295
Total Common Equity		 1,592 1,892 2,230 2,614 3,017 3,414 4,668 5,061 5,783 6,412 7,358
Common Stock		 1,323 1,400 1,425 1,418 1,374 1,391 1,966 2,163 2,197 2,245 2,232
Retained Earnings		 263 522 848 1,283 1,680 2,001 2,773 3,664 4,215 4,826 5,607
Treasury Stock		 -17 -26 -40 -53 -63 -71 -87 -105 -116 -125 -137
Accumulated Other Comprehensive Income / (Loss)		 22 -4.70 -3.15 -34 25 92 16 -661 -513 -534 -344
Noncontrolling Interest		 - - - - - - - - - 0.00 293

Quarterly Balance Sheets for Western Alliance Bancorporation

This table presents Western Alliance Bancorporation's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 69,165 71,047 68,160 70,891 76,989 80,581 80,080 83,043 86,725 90,970 98,853
Cash and Due from Banks		 260 229 288 289 264 272 398 440 439 463 576
Interest Bearing Deposits at Other Banks		 1,350 3,410 1,865 3,208 3,286 3,805 2,194 2,839 2,328 5,293 7,978
Trading Account Securities		 8,209 8,971 9,956 11,204 16,092 17,268 16,382 15,868 18,548 18,841 20,392
Loans and Leases, Net of Allowance		 51,897 46,130 47,554 49,120 50,360 52,078 52,989 54,372 55,544 56,206 58,681
Loans and Leases		 52,201 46,435 47,875 49,447 50,700 52,430 53,346 54,761 55,939 56,646 59,142
Allowance for Loan and Lease Losses		 304 305 321 327 340 352 357 389 395 440 461
Loans Held for Sale		 2,204 7,022 3,156 1,766 1,841 2,007 2,327 3,238 3,022 3,502 3,936
Premises and Equipment, Net		 237 293 315 327 344 351 354 361 365 416 480
Intangible Assets		 1,409 1,288 1,270 1,217 1,219 1,201 1,221 1,247 1,241 1,222 1,227
Other Assets		 3,417 3,568 3,577 3,760 3,583 3,599 4,215 4,678 5,185 5,027 5,583
Total Liabilities & Shareholders' Equity		 69,165 71,047 68,160 70,891 76,989 80,581 80,080 83,043 86,725 90,970 98,853
Total Liabilities		 64,144 65,526 62,475 65,145 70,817 74,247 73,403 75,828 79,318 83,280 90,945
Non-Interest Bearing Deposits		 24,926 16,465 16,733 17,991 18,399 21,522 24,965 22,009 22,997 26,628 28,078
Interest Bearing Deposits		 30,663 31,122 34,308 36,296 43,829 44,722 43,075 47,313 48,110 50,619 54,645
Short-Term Debt		 6,345 15,853 9,567 8,745 6,221 5,587 2,995 4,151 6,052 3,862 5,610
Long-Term Debt		 889 895 888 890 896 897 898 898 678 681 1,072
Other Long-Term Liabilities		 1,347 1,191 979 1,223 1,472 1,519 1,470 1,457 1,481 1,490 1,540
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 5,021 5,521 5,685 5,746 6,173 6,334 6,677 7,215 7,407 7,690 7,908
Total Preferred & Common Equity		 5,021 5,521 5,685 5,746 6,173 6,334 6,677 6,922 7,114 7,397 7,615
Preferred Stock		 295 295 295 295 295 295 295 295 295 295 295
Total Common Equity		 4,726 5,227 5,391 5,451 5,877 6,039 6,382 6,627 6,819 7,102 7,320
Common Stock		 2,154 2,170 2,180 2,189 2,211 2,224 2,235 2,261 2,273 2,277 2,191
Retained Earnings		 3,413 3,764 3,937 4,111 4,348 4,498 4,654 4,980 5,165 5,371 5,740
Treasury Stock		 -105 -116 -116 -116 -124 -125 -125 -136 -137 -137 -155
Accumulated Other Comprehensive Income / (Loss)		 -736 -592 -611 -733 -558 -558 -382 -478 -482 -409 -456
Noncontrolling Interest		 - - - - - - - 293 293 293 293

Annual Metrics And Ratios for Western Alliance Bancorporation

This table displays calculated financial ratios and metrics derived from Western Alliance Bancorporation's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Growth Metrics		 - - - - - - - - - - -
Profitability Metrics		 - - - - - - - - - - -
Valuation Ratios		 - - - - - - - - - - -
Leverage & Solvency		 - - - - - - - - - - -
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Efficiency Ratios		 - - - - - - - - - - -
Capital & Investment Metrics		 - - - - - - - - - - -
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $2.05 $2.52 $3.12 $4.16 $4.86 $5.06 $8.72 $9.74 $6.55 $7.14 $8.79
Adjusted Weighted Average Basic Shares Outstanding		 94.57M 103.04M 104.18M 104.67M 102.67M 100.20M 102.70M 107.20M 108.30M 108.60M 108.80M
Adjusted Diluted Earnings per Share		 $2.03 $2.50 $3.10 $4.14 $4.84 $5.04 $8.67 $9.70 $6.54 $7.09 $8.73
Adjusted Weighted Average Diluted Shares Outstanding		 95.22M 103.84M 105.00M 105.37M 103.13M 100.50M 103.30M 107.60M 108.50M 109.30M 109.50M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $4.86 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 103.42M 105.33M 105.67M 105.30M 102.48M 101.10M 107.00M 109.61M 110.18M 110.45M 109.88M
Debt Service Ratios		 - - - - - - - - - - -
Payout Ratios		 - - - - - - - - - - -

Quarterly Metrics And Ratios for Western Alliance Bancorporation

This table displays calculated financial ratios and metrics derived from Western Alliance Bancorporation's official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - - 109,879,137.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 109,879,137.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 1.72
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 7.88% -2.42% 32.05% 15.31% 14.93% 22.90% 6.75% 9.60% 13.98% - 30.96%
EBITDA Growth		 -21.26% -54.71% 1.01% -23.76% -17.60% 49.60% 26.68% 51.31% 50.68% - 2.57%
EBIT Growth		 -15.69% -41.81% 25.57% -4.69% -9.28% 22.94% 6.30% 17.51% 24.47% - -6.13%
NOPAT Growth		 -17.95% -49.52% 24.75% -10.25% -7.76% 46.65% 12.23% 22.83% 30.38% - -4.97%
Net Income Growth		 -17.95% -49.52% 24.75% -10.25% -7.76% 46.65% 12.23% 22.83% 30.38% - -4.97%
EPS Growth		 -18.60% -50.19% 25.00% -10.71% -8.63% 45.86% 11.88% 18.29% 26.67% - -7.82%
Operating Cash Flow Growth		 -216.05% -57.05% -185.78% -63.05% -87.47% -282.21% -439.64% 52.04% 44.06% - 69.33%
Free Cash Flow Firm Growth		 46.05% 69.10% 159.58% 173.47% 272.23% 182.34% -86.63% -130.75% -127.99% - -274.56%
Invested Capital Growth		 25.51% 13.19% -40.33% -20.58% -31.28% -7.21% -7.71% 10.29% 15.73% - 18.97%
Revenue Q/Q Growth		 7.01% -4.75% 6.83% 5.90% 6.65% 1.86% -7.20% 8.73% 10.91% - 3.87%
EBITDA Q/Q Growth		 2.30% -37.01% 15.09% 2.80% 10.56% 14.35% -2.54% 22.80% 10.10% - -33.14%
EBIT Q/Q Growth		 6.84% -24.07% 9.86% 6.95% 1.69% 2.90% -5.01% 18.22% 7.72% - -34.97%
NOPAT Q/Q Growth		 0.42% -31.72% 19.95% 9.13% 3.20% 8.56% -8.21% 19.44% 9.55% - -35.47%
Net Income Q/Q Growth		 0.42% -31.72% 19.95% 9.13% 3.20% 8.56% -8.21% 19.44% 9.55% - -35.47%
EPS Q/Q Growth		 0.51% -32.49% 20.30% 9.38% 2.86% 7.78% -7.73% 15.64% 10.14% - -36.29%
Operating Cash Flow Q/Q Growth		 -24.55% 159.89% -189.83% -143.33% -43.20% 41.79% -166.04% 78.37% -67.01% - -626.65%
Free Cash Flow Firm Q/Q Growth		 39.20% 48.20% 707.62% -61.61% 42.53% -75.24% -1.35% -188.33% -29.72% - -170.55%
Invested Capital Q/Q Growth		 -4.70% -7.66% -6.44% -3.54% -17.54% 24.68% -6.94% 15.27% -13.47% - 2.30%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 38.48% 25.45% 27.41% 26.61% 27.59% 30.98% 32.53% 36.74% 36.47% - 25.48%
EBIT Margin		 38.80% 30.93% 31.81% 32.12% 30.63% 30.94% 31.67% 34.44% 33.45% - 22.70%
Profit (Net Income) Margin		 30.24% 21.68% 24.34% 25.08% 24.27% 25.87% 25.59% 28.11% 27.77% - 18.57%
Tax Burden Percent		 77.94% 70.09% 76.53% 78.10% 79.25% 83.62% 80.80% 81.63% 83.01% - 81.80%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% - 100.00%
Effective Tax Rate		 22.06% 29.91% 23.47% 21.90% 20.75% 16.38% 19.20% 18.37% 16.99% - 18.20%
Return on Invested Capital (ROIC)		 5.77% 4.25% 3.83% 5.02% 5.62% 5.98% 6.43% 6.85% 8.28% - 5.23%
ROIC Less NNEP Spread (ROIC-NNEP)		 5.77% 4.25% 3.83% 5.02% 5.62% 5.98% 6.43% 6.85% 8.28% - 5.23%
Return on Net Nonoperating Assets (RNNOA)		 9.04% 5.69% 7.81% 7.08% 6.12% 6.82% 5.85% 6.59% 4.86% - 4.06%
Return on Equity (ROE)		 14.81% 9.93% 11.64% 12.10% 11.75% 12.80% 12.28% 13.44% 13.14% - 9.29%
Cash Return on Invested Capital (CROIC)		 -16.34% -6.97% 54.77% 28.02% 42.62% 13.23% 14.36% -3.45% -6.57% - -10.02%
Operating Return on Assets (OROA)		 1.46% 1.17% 1.20% 1.25% 1.22% 1.29% 1.27% 1.35% 1.33% - 0.94%
Return on Assets (ROA)		 1.14% 0.82% 0.92% 0.98% 0.97% 1.08% 1.03% 1.10% 1.10% - 0.77%
Return on Common Equity (ROCE)		 14.00% 9.42% 11.06% 11.51% 11.19% 12.20% 11.47% 12.58% 12.34% - 8.57%
Return on Equity Simple (ROE_SIMPLE)		 15.10% 0.00% 12.27% 11.61% 10.76% 0.00% 11.69% 12.00% 12.36% - 12.88%
Net Operating Profit after Tax (NOPAT)		 217 148 177 194 200 217 199 238 261 - 189
NOPAT Margin		 30.24% 21.68% 24.34% 25.08% 24.27% 25.87% 25.59% 28.11% 27.77% - 18.57%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
SG&A Expenses to Revenue		 26.92% 28.04% 29.35% 27.66% 27.19% 28.08% 32.22% 29.31% 28.14% - 28.20%
Operating Expenses to Revenue		 59.51% 67.71% 66.11% 63.07% 65.29% 61.90% 64.32% 60.85% 58.03% - 56.37%
Earnings before Interest and Taxes (EBIT)		 278 211 232 248 252 259 246 291 314 - 231
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 276 174 200 205 227 260 253 311 342 - 260
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.90 1.21 1.18 1.14 1.49 1.43 1.28 1.26 1.35 - 1.06
Price to Tangible Book Value (P/TBV)		 1.16 1.55 1.49 1.42 1.84 1.78 1.58 1.54 1.63 - 1.28
Price to Revenue (P/Rev)		 1.86 2.68 2.49 2.37 3.17 2.90 2.64 2.62 2.81 - 2.06
Price to Earnings (P/E)		 5.75 9.90 9.34 9.53 13.49 11.81 10.65 10.33 10.79 - 8.29
Dividend Yield		 3.21% 2.26% 2.30% 2.35% 1.71% 1.79% 1.95% 1.94% 1.75% - 2.26%
Earnings Yield		 17.40% 10.10% 10.71% 10.50% 7.41% 8.46% 9.39% 9.68% 9.27% - 12.06%
Enterprise Value to Invested Capital (EV/IC)		 0.74 0.98 0.81 0.75 1.05 0.90 0.88 0.93 0.73 - 0.45
Enterprise Value to Revenue (EV/Rev)		 4.30 5.29 3.87 3.31 3.70 3.74 3.38 4.01 2.63 - 1.72
Enterprise Value to EBITDA (EV/EBITDA)		 10.28 15.13 11.78 11.22 13.80 13.26 11.47 12.53 7.67 - 5.00
Enterprise Value to EBIT (EV/EBIT)		 10.46 14.85 11.03 9.90 11.79 11.93 10.78 12.54 8.05 - 5.45
Enterprise Value to NOPAT (EV/NOPAT)		 13.08 19.19 14.28 13.03 15.47 15.01 13.40 15.42 9.78 - 6.63
Enterprise Value to Operating Cash Flow (EV/OCF)		 91.06 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 1.11 2.36 2.01 6.53 5.91 0.00 0.00 - 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 1.68 1.34 1.15 1.02 0.58 0.96 0.70 0.91 0.59 - 0.85
Long-Term Debt to Equity		 0.15 0.15 0.15 0.14 0.13 0.13 0.12 0.09 0.09 - 0.14
Financial Leverage		 1.57 1.34 2.04 1.41 1.09 1.14 0.91 0.96 0.59 - 0.78
Leverage Ratio		 13.01 12.12 12.66 12.38 12.15 11.87 11.95 12.18 11.91 - 12.03
Compound Leverage Factor		 13.01 12.12 12.66 12.38 12.15 11.87 11.95 12.18 11.91 - 12.03
Debt to Total Capital		 62.64% 57.20% 53.55% 50.58% 36.83% 49.11% 41.17% 47.61% 37.14% - 45.80%
Short-Term Debt to Total Capital		 56.86% 50.90% 46.81% 43.59% 28.33% 42.29% 33.85% 42.81% 31.57% - 38.45%
Long-Term Debt to Total Capital		 5.79% 6.30% 6.74% 7.00% 8.50% 6.82% 7.32% 4.80% 5.57% - 7.35%
Preferred Equity to Total Capital		 1.92% 2.08% 2.22% 2.30% 2.79% 2.24% 2.41% 2.09% 2.41% - 2.02%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 2.39% 2.07% 2.40% - 2.01%
Common Equity to Total Capital		 35.44% 40.72% 44.22% 47.11% 60.38% 48.65% 54.04% 48.24% 58.06% - 50.17%
Debt to EBITDA		 8.73 8.87 7.75 7.59 4.83 7.26 5.34 6.41 3.90 - 5.14
Net Debt to EBITDA		 5.56 7.15 3.88 2.82 1.61 2.66 1.87 3.77 -1.04 - -1.44
Long-Term Debt to EBITDA		 0.81 0.98 0.98 1.05 1.11 1.01 0.95 0.65 0.58 - 0.82
Debt to NOPAT		 11.11 11.25 9.39 8.82 5.42 8.22 6.24 7.88 4.97 - 6.81
Net Debt to NOPAT		 7.08 9.07 4.71 3.27 1.81 3.02 2.19 4.64 -1.33 - -1.91
Long-Term Debt to NOPAT		 1.03 1.24 1.18 1.22 1.25 1.14 1.11 0.79 0.74 - 1.09
Noncontrolling Interest Sharing Ratio		 5.48% 5.16% 5.04% 4.91% 4.75% 4.62% 6.60% 6.43% 6.15% - 7.77%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -2,909 -1,507 9,157 3,516 5,011 1,241 1,224 -1,081 -1,403 - -2,137
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00%
Free Cash Flow to Firm to Interest Expense		 -6.62 -3.37 20.08 7.16 9.96 2.63 2.75 -2.37 -2.95 - -5.06
Operating Cash Flow to Interest Expense		 -1.30 0.76 -0.67 -1.52 -2.12 -1.32 -3.72 -0.78 -1.26 - -1.20
Operating Cash Flow Less CapEx to Interest Expense		 -1.30 0.76 -0.67 -1.52 -2.12 -1.32 -3.72 -0.78 -1.26 - -1.20
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 - 0.04
Fixed Asset Turnover		 9.35 8.52 8.78 8.71 8.83 9.03 9.11 9.18 8.83 - 9.00
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 15,381 14,203 13,289 12,818 10,570 13,179 12,264 14,137 12,233 - 14,590
Invested Capital Turnover		 0.19 0.20 0.16 0.20 0.23 0.23 0.25 0.24 0.30 - 0.28
Increase / (Decrease) in Invested Capital		 3,126 1,655 -8,980 -3,322 -4,811 -1,024 -1,025 1,319 1,663 - 2,326
Enterprise Value (EV)		 11,346 13,866 10,815 9,586 11,117 11,826 10,844 13,160 8,946 - 6,501
Market Capitalization		 4,913 7,022 6,953 6,884 9,521 9,155 8,486 8,609 9,571 - 7,785
Book Value per Share		 $49.78 $52.83 $54.17 $54.84 $57.97 $58.25 $60.00 $61.76 $64.35 - $66.62
Tangible Book Value per Share		 $38.67 $41.48 $42.93 $43.94 $46.88 $46.76 $48.71 $50.52 $53.28 - $55.45
Total Capital		 15,381 14,203 13,290 12,818 10,570 13,180 12,264 14,137 12,233 - 14,590
Total Debt		 9,635 8,125 7,117 6,484 3,893 6,472 5,049 6,730 4,543 - 6,682
Total Long-Term Debt		 890 895 896 897 898 899 898 678 681 - 1,072
Net Debt		 6,138 6,549 3,567 2,407 1,301 2,376 1,770 3,963 -1,213 - -1,872
Capital Expenditures (CapEx)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Net Nonoperating Obligations (NNO)		 9,635 8,125 7,117 6,484 3,893 6,472 5,050 6,730 4,543 - 6,682
Total Depreciation and Amortization (D&A)		 -2.30 -37 -32 -43 -25 0.30 6.70 20 28 - 28
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.97 $1.33 $1.61 $1.75 $1.81 $1.97 $1.80 $2.08 $2.30 $2.61 $1.65
Adjusted Weighted Average Basic Shares Outstanding		 108.30M 108.30M 108.50M 108.60M 108.70M 108.60M 108.80M 109M 109M 108.80M 108.20M
Adjusted Diluted Earnings per Share		 $1.97 $1.33 $1.60 $1.75 $1.80 $1.94 $1.79 $2.07 $2.28 $2.59 $1.65
Adjusted Weighted Average Diluted Shares Outstanding		 108.50M 108.50M 109M 109.10M 109.50M 109.30M 109.60M 109.60M 109.80M 109.50M 108.70M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 109.47M 110.18M 110.11M 110.09M 110.07M 110.45M 110.40M 110.37M 110.05M 109.88M 109.19M
Normalized Net Operating Profit after Tax (NOPAT)		 217 120 177 194 200 217 199 238 261 - 189
Normalized NOPAT Margin		 30.24% 17.64% 24.34% 25.08% 24.27% 25.87% 25.59% 28.11% 27.77% - 18.57%
Pre Tax Income Margin		 38.80% 30.93% 31.81% 32.12% 30.63% 30.94% 31.67% 34.44% 33.45% - 22.70%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.63 0.47 0.51 0.51 0.50 0.55 0.55 0.64 0.66 - 0.55
NOPAT to Interest Expense		 0.49 0.33 0.39 0.39 0.40 0.46 0.45 0.52 0.55 - 0.45
EBIT Less CapEx to Interest Expense		 0.63 0.47 0.51 0.51 0.50 0.55 0.55 0.64 0.66 - 0.55
NOPAT Less CapEx to Interest Expense		 0.49 0.33 0.39 0.39 0.40 0.46 0.45 0.52 0.55 - 0.45
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 19.62% 23.74% 22.81% 23.68% 24.42% 22.45% 21.98% 21.87% 21.32% - 22.21%
Augmented Payout Ratio		 19.62% 23.74% 22.81% 23.68% 24.42% 22.45% 21.98% 21.87% 21.32% - 34.28%

Financials Breakdown Chart

Key Financial Trends

Western Alliance Bancorporation’s latest quarter shows a solid rebound in profitability, but operating cash flow remains under pressure and the balance sheet has expanded quickly. In Q1 2026, net income attributable to common shareholders was $178.9 million, down from $282.9 million in Q4 2025 but up from $250.2 million in Q3 2025. Revenue also held up well at $1.02 billion, supported by stronger non-interest income. However, the company posted negative operating cash flow again, and deposits and funding needs continue to be important watch items for investors.

Here are the biggest takeaways from the last several quarters:

  • Q1 2026 net income attributable to common shareholders remained profitable at $178.9 million, showing the bank is still generating earnings despite a tougher funding environment.
  • Total revenue in Q1 2026 increased to $1.02 billion from $980.9 million in Q4 2025, helped by a stronger contribution from non-interest income.
  • Net interest income rose slightly to $766.3 million in Q1 2026, indicating stable core spread income quarter over quarter.
  • Non-interest income improved to $252.6 million in Q1 2026, up from $214.7 million in Q4 2025, driven in part by investment gains and service charges.
  • Deposits grew meaningfully in Q1 2026, with net deposit change of $5.56 billion, which helped support liquidity and funding.
  • Total assets rose to $98.9 billion in Q1 2026 from $90.97 billion in Q3 2025, showing continued balance sheet growth.
  • Loans and leases expanded to $59.1 billion in Q1 2026 from $56.6 billion in Q3 2025, suggesting continued loan growth.
  • The allowance for loan and lease losses increased to $461.1 million in Q1 2026, reflecting a larger reserve buffer as the loan book grows.
  • Operating cash flow was negative $507.2 million in Q1 2026, following negative $69.8 million in Q4 2025, which signals weaker cash generation from operations.
  • The allowance ratio and provision trend suggest credit costs remain an ongoing risk, with $213.2 million of provision for credit losses in Q1 2026 versus $73 million in Q4 2025.

Looking at the broader trend since 2024, Western Alliance has recovered from a very volatile period. Earnings improved materially from the 2023 lows, when Q1 2023 saw weak profitability and negative non-interest income, to a much stronger 2025-2026 earnings profile. Quarterly EPS has generally moved higher, reaching $1.65 in Q1 2026 versus $1.61 in Q1 2024 and $1.29 in Q1 2023. That said, profitability has not translated cleanly into operating cash flow, which has often been negative because of the bank’s securities activity and balance sheet movements.

Balance sheet quality appears better than the 2023 stress period, but funding sensitivity is still important. Non-interest-bearing deposits grew to $28.1 billion in Q1 2026 from $22.0 billion in Q1 2025 and $16.5 billion in Q1 2023, which is favorable because these deposits are typically lower cost. At the same time, short-term debt rose to $5.61 billion in Q1 2026 from $3.86 billion in Q3 2025, showing that WAL still uses wholesale funding to manage liquidity.

Overall, the story is mixed but improving: Western Alliance is producing healthy earnings, growing its balance sheet, and benefiting from improving deposits. The main drawbacks are continued negative operating cash flow, elevated credit provisioning, and reliance on debt funding. For retail investors, that means the company looks operationally profitable, but still carries above-average sensitivity to deposit flows, credit conditions, and interest-rate dynamics.

06/03/26 09:12 PM ETAI Generated. May Contain Errors.

Western Alliance Bancorporation Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Western Alliance Bancorporation's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Western Alliance Bancorporation's net income appears to be on an upward trend, with a most recent value of $990.60 million in 2025, rising from $194.24 million in 2015. The previous period was $787.70 million in 2024. See where experts think Western Alliance Bancorporation is headed by visiting Western Alliance Bancorporation's forecast page.

Over the last 10 years, Western Alliance Bancorporation's total revenue changed from $522.34 million in 2015 to $3.54 billion in 2025, a change of 578.3%.

Western Alliance Bancorporation's total liabilities were at $84.83 billion at the end of 2025, a 14.3% increase from 2024, and a 568.8% increase since 2015.

In the past 10 years, Western Alliance Bancorporation's cash and equivalents has ranged from $133.71 million in 2015 to $497 million in 2025, and is currently $497 million as of their latest financial filing in 2025.


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Financial statements for NYSE:WAL last updated on 5/12/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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