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.
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 |
|
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Q2 2025 |
Q3 2025 |
Q4 2025 |
Q1 2026 |
Q2 2026 |
| Net Income / (Loss) Attributable to Common Shareholders |
|
145 |
174 |
190 |
197 |
214 |
196 |
227 |
250 |
283 |
179 |
259 |
| Consolidated Net Income / (Loss) |
|
148 |
177 |
194 |
200 |
217 |
199 |
238 |
261 |
293 |
189 |
269 |
| Net Income / (Loss) Continuing Operations |
|
148 |
177 |
194 |
200 |
217 |
199 |
238 |
261 |
293 |
189 |
269 |
| Total Pre-Tax Income |
|
211 |
232 |
248 |
252 |
259 |
246 |
291 |
314 |
356 |
231 |
332 |
| Total Revenue |
|
682 |
729 |
772 |
823 |
838 |
778 |
854 |
938 |
981 |
1,019 |
1,010 |
| Net Interest Income / (Expense) |
|
592 |
599 |
657 |
697 |
667 |
651 |
698 |
750 |
766 |
766 |
797 |
| Total Interest Income |
|
1,039 |
1,055 |
1,148 |
1,200 |
1,139 |
1,096 |
1,154 |
1,226 |
1,217 |
1,188 |
1,232 |
| Loans and Leases Interest Income |
|
859 |
872 |
897 |
945 |
915 |
881 |
914 |
948 |
936 |
916 |
942 |
| Investment Securities Interest Income |
|
180 |
183 |
251 |
255 |
223 |
215 |
240 |
277 |
281 |
273 |
290 |
| Total Interest Expense |
|
447 |
456 |
491 |
503 |
472 |
445 |
457 |
475 |
451 |
422 |
435 |
| Deposits Interest Expense |
|
344 |
381 |
410 |
422 |
387 |
378 |
378 |
398 |
384 |
361 |
371 |
| Other Interest Expense |
|
94 |
66 |
71 |
72 |
76 |
57 |
71 |
71 |
59 |
48 |
51 |
| Total Non-Interest Income |
|
91 |
130 |
115 |
126 |
172 |
127 |
148 |
188 |
215 |
253 |
199 |
| Other Service Charges |
|
79 |
67 |
60 |
36 |
78 |
46 |
84 |
57 |
108 |
102 |
107 |
| Net Realized & Unrealized Capital Gains on Investments |
|
47 |
62 |
56 |
65 |
91 |
70 |
54 |
100 |
114 |
140 |
81 |
| Other Non-Interest Income |
|
-35 |
1.00 |
- |
25 |
2.30 |
11 |
11 |
31 |
-7.30 |
11 |
11 |
| Provision for Credit Losses |
|
9.30 |
15 |
37 |
34 |
60 |
31 |
40 |
80 |
73 |
213 |
80 |
| Total Non-Interest Expense |
|
462 |
482 |
487 |
537 |
519 |
500 |
515 |
544 |
552 |
574 |
583 |
| Salaries and Employee Benefits |
|
135 |
155 |
153 |
158 |
165 |
182 |
180 |
194 |
202 |
206 |
204 |
| Net Occupancy & Equipment Expense |
|
50 |
54 |
54 |
56 |
59 |
62 |
62 |
65 |
69 |
72 |
73 |
| Marketing Expense |
|
6.70 |
5.50 |
6.40 |
9.70 |
11 |
5.90 |
6.10 |
5.60 |
11 |
9.50 |
8.30 |
| Property & Liability Insurance Claims |
|
29 |
30 |
26 |
25 |
29 |
29 |
25 |
28 |
34 |
31 |
33 |
| Insurance Policy Acquisition Costs |
|
15 |
15 |
17 |
19 |
18 |
16 |
20 |
15 |
18 |
17 |
18 |
| Other Operating Expenses |
|
266 |
223 |
231 |
270 |
237 |
204 |
230 |
237 |
220 |
240 |
261 |
| Income Tax Expense |
|
63 |
54 |
54 |
52 |
43 |
47 |
54 |
53 |
63 |
42 |
63 |
| 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 |
7.10 |
| Basic Earnings per Share |
|
$1.33 |
$1.61 |
$1.75 |
$1.81 |
$1.97 |
$1.80 |
$2.08 |
$2.30 |
$2.61 |
$1.65 |
$2.37 |
| Weighted Average Basic Shares Outstanding |
|
108.30M |
108.50M |
108.60M |
108.70M |
108.60M |
108.80M |
109M |
109M |
108.80M |
108.20M |
107.80M |
| Diluted Earnings per Share |
|
$1.33 |
$1.60 |
$1.75 |
$1.80 |
$1.94 |
$1.79 |
$2.07 |
$2.28 |
$2.59 |
$1.65 |
$2.36 |
| Weighted Average Diluted Shares Outstanding |
|
108.50M |
109M |
109.10M |
109.50M |
109.30M |
109.60M |
109.60M |
109.80M |
109.50M |
108.70M |
108M |
| Weighted Average Basic & Diluted Shares Outstanding |
|
110.18M |
110.11M |
110.09M |
110.07M |
110.45M |
110.40M |
110.37M |
110.05M |
109.88M |
109.19M |
109.10M |
| Cash Dividends to Common per Share |
|
$0.37 |
$0.37 |
$0.37 |
$0.37 |
$0.38 |
$0.38 |
$0.38 |
$0.38 |
$0.42 |
$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 |
| 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 |
|
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Q2 2025 |
Q3 2025 |
Q4 2025 |
Q1 2026 |
Q2 2026 |
| Net Change in Cash & Equivalents |
|
-1,921 |
1,974 |
528 |
-1,485 |
1,504 |
-817 |
-512 |
2,990 |
-2,161 |
4,959 |
-2,619 |
| Net Cash From Operating Activities |
|
341 |
-307 |
-746 |
-1,068 |
-622 |
-1,654 |
-358 |
-597 |
-70 |
-507 |
-356 |
| Net Cash From Continuing Operating Activities |
|
341 |
-307 |
-746 |
-1,068 |
-622 |
-1,654 |
-358 |
-597 |
-70 |
-507 |
-356 |
| Net Income / (Loss) Continuing Operations |
|
148 |
177 |
194 |
200 |
217 |
199 |
238 |
261 |
293 |
189 |
269 |
| Consolidated Net Income / (Loss) |
|
148 |
177 |
194 |
200 |
217 |
199 |
238 |
261 |
293 |
189 |
269 |
| Provision For Loan Losses |
|
9.30 |
15 |
37 |
34 |
60 |
31 |
40 |
80 |
73 |
213 |
80 |
| Depreciation Expense |
|
19 |
21 |
21 |
22 |
30 |
25 |
26 |
28 |
28 |
29 |
29 |
| Amortization Expense |
|
-57 |
-53 |
-64 |
-47 |
-30 |
-18 |
-6.90 |
0.70 |
5.10 |
-0.20 |
2.20 |
| Non-Cash Adjustments to Reconcile Net Income |
|
202 |
-755 |
-809 |
-1,252 |
-1,026 |
-1,727 |
-469 |
-1,048 |
-459 |
-914 |
-787 |
| Changes in Operating Assets and Liabilities, net |
|
20 |
287 |
-125 |
-24 |
127 |
-164 |
-186 |
81 |
-9.90 |
-24 |
51 |
| Net Cash From Investing Activities |
|
-1,880 |
-3,648 |
-2,512 |
-395 |
587 |
-1,593 |
-3,962 |
-596 |
-3,797 |
-458 |
-2,078 |
| Net Cash From Continuing Investing Activities |
|
-1,879 |
-3,648 |
-2,512 |
-395 |
587 |
-1,593 |
-3,962 |
-596 |
-3,797 |
-458 |
-2,078 |
| Purchase of Investment Securities |
|
-9,422 |
-6,520 |
-6,600 |
-5,420 |
-3,234 |
-3,848 |
-8,310 |
-4,827 |
-6,457 |
-7,925 |
-3,963 |
| Sale and/or Maturity of Investments |
|
7,542 |
2,872 |
4,088 |
5,025 |
3,821 |
2,255 |
4,348 |
4,232 |
2,660 |
7,467 |
1,884 |
| Net Cash From Financing Activities |
|
-382 |
5,928 |
3,785 |
-23 |
1,538 |
2,430 |
3,808 |
4,183 |
1,706 |
5,924 |
-184 |
| Net Cash From Continuing Financing Activities |
|
-382 |
5,928 |
3,785 |
-23 |
1,538 |
2,430 |
3,808 |
4,183 |
1,706 |
5,924 |
-184 |
| Net Change in Deposits |
|
1,046 |
6,896 |
4,015 |
1,797 |
-1,705 |
2,979 |
1,783 |
6,139 |
-90 |
5,563 |
-850 |
| Issuance of Debt |
|
2,040 |
-911 |
-179 |
-1,768 |
5,857 |
1,220 |
3,510 |
1,470 |
1,396 |
1,503 |
1,433 |
| Repayment of Debt |
|
-763 |
-5.40 |
-7.10 |
-6.60 |
-2,569 |
-2,006 |
-1,432 |
-3,364 |
514 |
-1,006 |
-708 |
| Repurchase of Common Equity |
|
- |
- |
- |
- |
- |
0.00 |
- |
- |
-58 |
-50 |
-2.30 |
| Payment of Dividends |
|
-44 |
-44 |
-44 |
-44 |
-45 |
-45 |
-53 |
-52 |
-57 |
-56 |
-56 |
| Other Financing Activities, Net |
|
-0.10 |
-7.80 |
0.20 |
-1.10 |
- |
-11 |
-0.90 |
-0.10 |
293 |
-31 |
-0.50 |
| Cash Interest Paid |
|
473 |
439 |
496 |
501 |
506 |
442 |
479 |
469 |
460 |
417 |
444 |
| Cash Income Taxes Paid |
|
6.60 |
-145 |
98 |
20 |
29 |
24 |
4.50 |
5.20 |
-2.20 |
59 |
21 |
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 |
| 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 |
|
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q1 2025 |
Q2 2025 |
Q3 2025 |
Q1 2026 |
Q2 2026 |
| Total Assets |
|
71,047 |
68,160 |
70,891 |
76,989 |
80,581 |
80,080 |
83,043 |
86,725 |
90,970 |
98,853 |
98,701 |
| Cash and Due from Banks |
|
229 |
288 |
289 |
264 |
272 |
398 |
440 |
439 |
463 |
576 |
454 |
| Interest Bearing Deposits at Other Banks |
|
3,410 |
1,865 |
3,208 |
3,286 |
3,805 |
2,194 |
2,839 |
2,328 |
5,293 |
7,978 |
5,482 |
| Trading Account Securities |
|
8,971 |
9,956 |
11,204 |
16,092 |
17,268 |
16,382 |
15,868 |
18,548 |
18,841 |
20,392 |
20,622 |
| Loans and Leases, Net of Allowance |
|
46,130 |
47,554 |
49,120 |
50,360 |
52,078 |
52,989 |
54,372 |
55,544 |
56,206 |
58,681 |
60,462 |
| Loans and Leases |
|
46,435 |
47,875 |
49,447 |
50,700 |
52,430 |
53,346 |
54,761 |
55,939 |
56,646 |
59,142 |
60,949 |
| Allowance for Loan and Lease Losses |
|
305 |
321 |
327 |
340 |
352 |
357 |
389 |
395 |
440 |
461 |
487 |
| Loans Held for Sale |
|
7,022 |
3,156 |
1,766 |
1,841 |
2,007 |
2,327 |
3,238 |
3,022 |
3,502 |
3,936 |
4,347 |
| Premises and Equipment, Net |
|
293 |
315 |
327 |
344 |
351 |
354 |
361 |
365 |
416 |
480 |
479 |
| Intangible Assets |
|
1,288 |
1,270 |
1,217 |
1,219 |
1,201 |
1,221 |
1,247 |
1,241 |
1,222 |
1,227 |
1,215 |
| Other Assets |
|
3,568 |
3,577 |
3,760 |
3,583 |
3,599 |
4,215 |
4,678 |
5,185 |
5,027 |
5,583 |
5,640 |
| Total Liabilities & Shareholders' Equity |
|
71,047 |
68,160 |
70,891 |
76,989 |
80,581 |
80,080 |
83,043 |
86,725 |
90,970 |
98,853 |
98,701 |
| Total Liabilities |
|
65,526 |
62,475 |
65,145 |
70,817 |
74,247 |
73,403 |
75,828 |
79,318 |
83,280 |
90,945 |
90,566 |
| Non-Interest Bearing Deposits |
|
16,465 |
16,733 |
17,991 |
18,399 |
21,522 |
24,965 |
22,009 |
22,997 |
26,628 |
28,078 |
27,820 |
| Interest Bearing Deposits |
|
31,122 |
34,308 |
36,296 |
43,829 |
44,722 |
43,075 |
47,313 |
48,110 |
50,619 |
54,645 |
54,054 |
| Short-Term Debt |
|
15,853 |
9,567 |
8,745 |
6,221 |
5,587 |
2,995 |
4,151 |
6,052 |
3,862 |
5,610 |
6,236 |
| Long-Term Debt |
|
895 |
888 |
890 |
896 |
897 |
898 |
898 |
678 |
681 |
1,072 |
1,069 |
| Other Long-Term Liabilities |
|
1,191 |
979 |
1,223 |
1,472 |
1,519 |
1,470 |
1,457 |
1,481 |
1,490 |
1,540 |
1,387 |
| 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 |
|
5,521 |
5,685 |
5,746 |
6,173 |
6,334 |
6,677 |
7,215 |
7,407 |
7,690 |
7,908 |
8,135 |
| Total Preferred & Common Equity |
|
5,521 |
5,685 |
5,746 |
6,173 |
6,334 |
6,677 |
6,922 |
7,114 |
7,397 |
7,615 |
7,842 |
| Preferred Stock |
|
295 |
295 |
295 |
295 |
295 |
295 |
295 |
295 |
295 |
295 |
295 |
| Total Common Equity |
|
5,227 |
5,391 |
5,451 |
5,877 |
6,039 |
6,382 |
6,627 |
6,819 |
7,102 |
7,320 |
7,547 |
| Common Stock |
|
2,170 |
2,180 |
2,189 |
2,211 |
2,224 |
2,235 |
2,261 |
2,273 |
2,277 |
2,191 |
2,202 |
| Retained Earnings |
|
3,764 |
3,937 |
4,111 |
4,348 |
4,498 |
4,654 |
4,980 |
5,165 |
5,371 |
5,740 |
5,952 |
| Treasury Stock |
|
-116 |
-116 |
-116 |
-124 |
-125 |
-125 |
-136 |
-137 |
-137 |
-155 |
-156 |
| Accumulated Other Comprehensive Income / (Loss) |
|
-592 |
-611 |
-733 |
-558 |
-558 |
-382 |
-478 |
-482 |
-409 |
-456 |
-451 |
| Noncontrolling Interest |
|
- |
- |
- |
- |
- |
- |
293 |
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 |
| 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 |
|
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Q2 2025 |
Q3 2025 |
Q4 2025 |
Q1 2026 |
Q2 2026 |
| DEI Shares Outstanding |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
109,879,137.00 |
109,185,360.00 |
| DEI Adjusted Shares Outstanding |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
109,879,137.00 |
109,185,360.00 |
| DEI Earnings Per Adjusted Shares Outstanding |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
1.72 |
2.46 |
| Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Revenue Growth |
|
-2.42% |
32.05% |
15.31% |
14.93% |
22.90% |
6.75% |
9.60% |
13.98% |
- |
30.96% |
18.19% |
| EBITDA Growth |
|
-54.71% |
1.01% |
-23.76% |
-17.60% |
49.60% |
26.68% |
51.31% |
50.68% |
- |
2.57% |
18.28% |
| EBIT Growth |
|
-41.81% |
25.57% |
-4.69% |
-9.28% |
22.94% |
6.30% |
17.51% |
24.47% |
- |
-6.13% |
15.46% |
| NOPAT Growth |
|
-49.52% |
24.75% |
-10.25% |
-7.76% |
46.65% |
12.23% |
22.83% |
30.38% |
- |
-4.97% |
13.04% |
| Net Income Growth |
|
-49.52% |
24.75% |
-10.25% |
-7.76% |
46.65% |
12.23% |
22.83% |
30.38% |
- |
-4.97% |
13.04% |
| EPS Growth |
|
-50.19% |
25.00% |
-10.71% |
-8.63% |
45.86% |
11.88% |
18.29% |
26.67% |
- |
-7.82% |
14.01% |
| Operating Cash Flow Growth |
|
-57.05% |
-185.78% |
-63.05% |
-87.47% |
-282.21% |
-439.64% |
52.04% |
44.06% |
- |
69.33% |
0.45% |
| Free Cash Flow Firm Growth |
|
69.10% |
159.58% |
173.47% |
272.23% |
182.34% |
-86.63% |
-130.75% |
-127.99% |
- |
-274.56% |
4.35% |
| Invested Capital Growth |
|
13.19% |
-40.33% |
-20.58% |
-31.28% |
-7.21% |
-7.71% |
10.29% |
15.73% |
- |
18.97% |
9.22% |
| Revenue Q/Q Growth |
|
-4.75% |
6.83% |
5.90% |
6.65% |
1.86% |
-7.20% |
8.73% |
10.91% |
- |
3.87% |
-0.92% |
| EBITDA Q/Q Growth |
|
-37.01% |
15.09% |
2.80% |
10.56% |
14.35% |
-2.54% |
22.80% |
10.10% |
- |
-33.14% |
45.34% |
| EBIT Q/Q Growth |
|
-24.07% |
9.86% |
6.95% |
1.69% |
2.90% |
-5.01% |
18.22% |
7.72% |
- |
-34.97% |
49.50% |
| NOPAT Q/Q Growth |
|
-31.72% |
19.95% |
9.13% |
3.20% |
8.56% |
-8.21% |
19.44% |
9.55% |
- |
-35.47% |
42.07% |
| Net Income Q/Q Growth |
|
-31.72% |
19.95% |
9.13% |
3.20% |
8.56% |
-8.21% |
19.44% |
9.55% |
- |
-35.47% |
42.07% |
| EPS Q/Q Growth |
|
-32.49% |
20.30% |
9.38% |
2.86% |
7.78% |
-7.73% |
15.64% |
10.14% |
- |
-36.29% |
43.03% |
| Operating Cash Flow Q/Q Growth |
|
159.89% |
-189.83% |
-143.33% |
-43.20% |
41.79% |
-166.04% |
78.37% |
-67.01% |
- |
-626.65% |
29.79% |
| Free Cash Flow Firm Q/Q Growth |
|
48.20% |
707.62% |
-61.61% |
42.53% |
-75.24% |
-1.35% |
-188.33% |
-29.72% |
- |
-170.55% |
51.60% |
| Invested Capital Q/Q Growth |
|
-7.66% |
-6.44% |
-3.54% |
-17.54% |
24.68% |
-6.94% |
15.27% |
-13.47% |
- |
2.30% |
5.83% |
| Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| EBITDA Margin |
|
25.45% |
27.41% |
26.61% |
27.59% |
30.98% |
32.53% |
36.74% |
36.47% |
- |
25.48% |
37.37% |
| EBIT Margin |
|
30.93% |
31.81% |
32.12% |
30.63% |
30.94% |
31.67% |
34.44% |
33.45% |
- |
22.70% |
34.25% |
| Profit (Net Income) Margin |
|
21.68% |
24.34% |
25.08% |
24.27% |
25.87% |
25.59% |
28.11% |
27.77% |
- |
18.57% |
26.63% |
| Tax Burden Percent |
|
70.09% |
76.53% |
78.10% |
79.25% |
83.62% |
80.80% |
81.63% |
83.01% |
- |
81.80% |
80.96% |
| Interest Burden Percent |
|
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
- |
100.00% |
96.01% |
| Effective Tax Rate |
|
29.91% |
23.47% |
21.90% |
20.75% |
16.38% |
19.20% |
18.37% |
16.99% |
- |
18.20% |
19.04% |
| Return on Invested Capital (ROIC) |
|
4.25% |
3.83% |
5.02% |
5.62% |
5.98% |
6.43% |
6.85% |
8.28% |
- |
5.23% |
7.09% |
| ROIC Less NNEP Spread (ROIC-NNEP) |
|
4.25% |
3.83% |
5.02% |
5.62% |
5.98% |
6.43% |
6.85% |
8.28% |
- |
5.23% |
7.09% |
| Return on Net Nonoperating Assets (RNNOA) |
|
5.69% |
7.81% |
7.08% |
6.12% |
6.82% |
5.85% |
6.59% |
4.86% |
- |
4.06% |
6.41% |
| Return on Equity (ROE) |
|
9.93% |
11.64% |
12.10% |
11.75% |
12.80% |
12.28% |
13.44% |
13.14% |
- |
9.29% |
13.50% |
| Cash Return on Invested Capital (CROIC) |
|
-6.97% |
54.77% |
28.02% |
42.62% |
13.23% |
14.36% |
-3.45% |
-6.57% |
- |
-10.02% |
-1.97% |
| Operating Return on Assets (OROA) |
|
1.17% |
1.20% |
1.25% |
1.22% |
1.29% |
1.27% |
1.35% |
1.33% |
- |
0.94% |
1.46% |
| Return on Assets (ROA) |
|
0.82% |
0.92% |
0.98% |
0.97% |
1.08% |
1.03% |
1.10% |
1.10% |
- |
0.77% |
1.13% |
| Return on Common Equity (ROCE) |
|
9.42% |
11.06% |
11.51% |
11.19% |
12.20% |
11.47% |
12.58% |
12.34% |
- |
8.57% |
12.48% |
| Return on Equity Simple (ROE_SIMPLE) |
|
0.00% |
12.27% |
11.61% |
10.76% |
0.00% |
11.69% |
12.00% |
12.36% |
- |
12.88% |
12.90% |
| Net Operating Profit after Tax (NOPAT) |
|
148 |
177 |
194 |
200 |
217 |
199 |
238 |
261 |
- |
189 |
269 |
| NOPAT Margin |
|
21.68% |
24.34% |
25.08% |
24.27% |
25.87% |
25.59% |
28.11% |
27.77% |
- |
18.57% |
26.63% |
| 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 |
|
28.04% |
29.35% |
27.66% |
27.19% |
28.08% |
32.22% |
29.31% |
28.14% |
- |
28.20% |
28.31% |
| Operating Expenses to Revenue |
|
67.71% |
66.11% |
63.07% |
65.29% |
61.90% |
64.32% |
60.85% |
58.03% |
- |
56.37% |
57.78% |
| Earnings before Interest and Taxes (EBIT) |
|
211 |
232 |
248 |
252 |
259 |
246 |
291 |
314 |
- |
231 |
346 |
| Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
174 |
200 |
205 |
227 |
260 |
253 |
311 |
342 |
- |
260 |
377 |
| Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Price to Book Value (P/BV) |
|
1.21 |
1.18 |
1.14 |
1.49 |
1.43 |
1.28 |
1.26 |
1.35 |
- |
1.06 |
1.19 |
| Price to Tangible Book Value (P/TBV) |
|
1.55 |
1.49 |
1.42 |
1.84 |
1.78 |
1.58 |
1.54 |
1.63 |
- |
1.28 |
1.42 |
| Price to Revenue (P/Rev) |
|
2.68 |
2.49 |
2.37 |
3.17 |
2.90 |
2.64 |
2.62 |
2.81 |
- |
2.06 |
2.28 |
| Price to Earnings (P/E) |
|
9.90 |
9.34 |
9.53 |
13.49 |
11.81 |
10.65 |
10.33 |
10.79 |
- |
8.29 |
9.25 |
| Dividend Yield |
|
2.26% |
2.30% |
2.35% |
1.71% |
1.79% |
1.95% |
1.94% |
1.75% |
- |
2.26% |
2.00% |
| Earnings Yield |
|
10.10% |
10.71% |
10.50% |
7.41% |
8.46% |
9.39% |
9.68% |
9.27% |
- |
12.06% |
10.81% |
| Enterprise Value to Invested Capital (EV/IC) |
|
0.98 |
0.81 |
0.75 |
1.05 |
0.90 |
0.88 |
0.93 |
0.73 |
- |
0.45 |
0.71 |
| Enterprise Value to Revenue (EV/Rev) |
|
5.29 |
3.87 |
3.31 |
3.70 |
3.74 |
3.38 |
4.01 |
2.63 |
- |
1.72 |
2.78 |
| Enterprise Value to EBITDA (EV/EBITDA) |
|
15.13 |
11.78 |
11.22 |
13.80 |
13.26 |
11.47 |
12.53 |
7.67 |
- |
5.00 |
8.04 |
| Enterprise Value to EBIT (EV/EBIT) |
|
14.85 |
11.03 |
9.90 |
11.79 |
11.93 |
10.78 |
12.54 |
8.05 |
- |
5.45 |
8.83 |
| Enterprise Value to NOPAT (EV/NOPAT) |
|
19.19 |
14.28 |
13.03 |
15.47 |
15.01 |
13.40 |
15.42 |
9.78 |
- |
6.63 |
10.81 |
| Enterprise Value to Operating Cash Flow (EV/OCF) |
|
0.00 |
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 |
1.11 |
2.36 |
2.01 |
6.53 |
5.91 |
0.00 |
0.00 |
- |
0.00 |
0.00 |
| Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Debt to Equity |
|
1.34 |
1.15 |
1.02 |
0.58 |
0.96 |
0.70 |
0.91 |
0.59 |
- |
0.85 |
0.90 |
| Long-Term Debt to Equity |
|
0.15 |
0.15 |
0.14 |
0.13 |
0.13 |
0.12 |
0.09 |
0.09 |
- |
0.14 |
0.13 |
| Financial Leverage |
|
1.34 |
2.04 |
1.41 |
1.09 |
1.14 |
0.91 |
0.96 |
0.59 |
- |
0.78 |
0.90 |
| Leverage Ratio |
|
12.12 |
12.66 |
12.38 |
12.15 |
11.87 |
11.95 |
12.18 |
11.91 |
- |
12.03 |
11.93 |
| Compound Leverage Factor |
|
12.12 |
12.66 |
12.38 |
12.15 |
11.87 |
11.95 |
12.18 |
11.91 |
- |
12.03 |
11.45 |
| Debt to Total Capital |
|
57.20% |
53.55% |
50.58% |
36.83% |
49.11% |
41.17% |
47.61% |
37.14% |
- |
45.80% |
47.31% |
| Short-Term Debt to Total Capital |
|
50.90% |
46.81% |
43.59% |
28.33% |
42.29% |
33.85% |
42.81% |
31.57% |
- |
38.45% |
40.39% |
| Long-Term Debt to Total Capital |
|
6.30% |
6.74% |
7.00% |
8.50% |
6.82% |
7.32% |
4.80% |
5.57% |
- |
7.35% |
6.92% |
| Preferred Equity to Total Capital |
|
2.08% |
2.22% |
2.30% |
2.79% |
2.24% |
2.41% |
2.09% |
2.41% |
- |
2.02% |
1.91% |
| Noncontrolling Interests to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
2.39% |
2.07% |
2.40% |
- |
2.01% |
1.90% |
| Common Equity to Total Capital |
|
40.72% |
44.22% |
47.11% |
60.38% |
48.65% |
54.04% |
48.24% |
58.06% |
- |
50.17% |
48.88% |
| Debt to EBITDA |
|
8.87 |
7.75 |
7.59 |
4.83 |
7.26 |
5.34 |
6.41 |
3.90 |
- |
5.14 |
5.37 |
| Net Debt to EBITDA |
|
7.15 |
3.88 |
2.82 |
1.61 |
2.66 |
1.87 |
3.77 |
-1.04 |
- |
-1.44 |
1.01 |
| Long-Term Debt to EBITDA |
|
0.98 |
0.98 |
1.05 |
1.11 |
1.01 |
0.95 |
0.65 |
0.58 |
- |
0.82 |
0.79 |
| Debt to NOPAT |
|
11.25 |
9.39 |
8.82 |
5.42 |
8.22 |
6.24 |
7.88 |
4.97 |
- |
6.81 |
7.22 |
| Net Debt to NOPAT |
|
9.07 |
4.71 |
3.27 |
1.81 |
3.02 |
2.19 |
4.64 |
-1.33 |
- |
-1.91 |
1.35 |
| Long-Term Debt to NOPAT |
|
1.24 |
1.18 |
1.22 |
1.25 |
1.14 |
1.11 |
0.79 |
0.74 |
- |
1.09 |
1.06 |
| Noncontrolling Interest Sharing Ratio |
|
5.16% |
5.04% |
4.91% |
4.75% |
4.62% |
6.60% |
6.43% |
6.15% |
- |
7.77% |
7.57% |
| Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Free Cash Flow to Firm (FCFF) |
|
-1,507 |
9,157 |
3,516 |
5,011 |
1,241 |
1,224 |
-1,081 |
-1,403 |
- |
-2,137 |
-1,034 |
| 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 |
|
-3.37 |
20.08 |
7.16 |
9.96 |
2.63 |
2.75 |
-2.37 |
-2.95 |
- |
-5.06 |
-2.38 |
| Operating Cash Flow to Interest Expense |
|
0.76 |
-0.67 |
-1.52 |
-2.12 |
-1.32 |
-3.72 |
-0.78 |
-1.26 |
- |
-1.20 |
-0.82 |
| Operating Cash Flow Less CapEx to Interest Expense |
|
0.76 |
-0.67 |
-1.52 |
-2.12 |
-1.32 |
-3.72 |
-0.78 |
-1.26 |
- |
-1.20 |
-0.82 |
| 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 |
|
8.52 |
8.78 |
8.71 |
8.83 |
9.03 |
9.11 |
9.18 |
8.83 |
- |
9.00 |
9.33 |
| Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Invested Capital |
|
14,203 |
13,289 |
12,818 |
10,570 |
13,179 |
12,264 |
14,137 |
12,233 |
- |
14,590 |
15,440 |
| Invested Capital Turnover |
|
0.20 |
0.16 |
0.20 |
0.23 |
0.23 |
0.25 |
0.24 |
0.30 |
- |
0.28 |
0.27 |
| Increase / (Decrease) in Invested Capital |
|
1,655 |
-8,980 |
-3,322 |
-4,811 |
-1,024 |
-1,025 |
1,319 |
1,663 |
- |
2,326 |
1,303 |
| Enterprise Value (EV) |
|
13,866 |
10,815 |
9,586 |
11,117 |
11,826 |
10,844 |
13,160 |
8,946 |
- |
6,501 |
10,932 |
| Market Capitalization |
|
7,022 |
6,953 |
6,884 |
9,521 |
9,155 |
8,486 |
8,609 |
9,571 |
- |
7,785 |
8,975 |
| Book Value per Share |
|
$52.83 |
$54.17 |
$54.84 |
$57.97 |
$58.25 |
$60.00 |
$61.76 |
$64.35 |
- |
$66.62 |
$69.12 |
| Tangible Book Value per Share |
|
$41.48 |
$42.93 |
$43.94 |
$46.88 |
$46.76 |
$48.71 |
$50.52 |
$53.28 |
- |
$55.45 |
$57.99 |
| Total Capital |
|
14,203 |
13,290 |
12,818 |
10,570 |
13,180 |
12,264 |
14,137 |
12,233 |
- |
14,590 |
15,440 |
| Total Debt |
|
8,125 |
7,117 |
6,484 |
3,893 |
6,472 |
5,049 |
6,730 |
4,543 |
- |
6,682 |
7,305 |
| Total Long-Term Debt |
|
895 |
896 |
897 |
898 |
899 |
898 |
678 |
681 |
- |
1,072 |
1,069 |
| Net Debt |
|
6,549 |
3,567 |
2,407 |
1,301 |
2,376 |
1,770 |
3,963 |
-1,213 |
- |
-1,872 |
1,369 |
| 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) |
|
8,125 |
7,117 |
6,484 |
3,893 |
6,472 |
5,050 |
6,730 |
4,543 |
- |
6,682 |
7,305 |
| Total Depreciation and Amortization (D&A) |
|
-37 |
-32 |
-43 |
-25 |
0.30 |
6.70 |
20 |
28 |
- |
28 |
32 |
| Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Adjusted Basic Earnings per Share |
|
$1.33 |
$1.61 |
$1.75 |
$1.81 |
$1.97 |
$1.80 |
$2.08 |
$2.30 |
$2.61 |
$1.65 |
$2.37 |
| Adjusted Weighted Average Basic Shares Outstanding |
|
108.30M |
108.50M |
108.60M |
108.70M |
108.60M |
108.80M |
109M |
109M |
108.80M |
108.20M |
107.80M |
| Adjusted Diluted Earnings per Share |
|
$1.33 |
$1.60 |
$1.75 |
$1.80 |
$1.94 |
$1.79 |
$2.07 |
$2.28 |
$2.59 |
$1.65 |
$2.36 |
| Adjusted Weighted Average Diluted Shares Outstanding |
|
108.50M |
109M |
109.10M |
109.50M |
109.30M |
109.60M |
109.60M |
109.80M |
109.50M |
108.70M |
108M |
| 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 |
|
110.18M |
110.11M |
110.09M |
110.07M |
110.45M |
110.40M |
110.37M |
110.05M |
109.88M |
109.19M |
109.10M |
| Normalized Net Operating Profit after Tax (NOPAT) |
|
120 |
177 |
194 |
200 |
217 |
199 |
238 |
261 |
- |
189 |
269 |
| Normalized NOPAT Margin |
|
17.64% |
24.34% |
25.08% |
24.27% |
25.87% |
25.59% |
28.11% |
27.77% |
- |
18.57% |
26.63% |
| Pre Tax Income Margin |
|
30.93% |
31.81% |
32.12% |
30.63% |
30.94% |
31.67% |
34.44% |
33.45% |
- |
22.70% |
32.89% |
| Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| EBIT to Interest Expense |
|
0.47 |
0.51 |
0.51 |
0.50 |
0.55 |
0.55 |
0.64 |
0.66 |
- |
0.55 |
0.79 |
| NOPAT to Interest Expense |
|
0.33 |
0.39 |
0.39 |
0.40 |
0.46 |
0.45 |
0.52 |
0.55 |
- |
0.45 |
0.62 |
| EBIT Less CapEx to Interest Expense |
|
0.47 |
0.51 |
0.51 |
0.50 |
0.55 |
0.55 |
0.64 |
0.66 |
- |
0.55 |
0.79 |
| NOPAT Less CapEx to Interest Expense |
|
0.33 |
0.39 |
0.39 |
0.40 |
0.46 |
0.45 |
0.52 |
0.55 |
- |
0.45 |
0.62 |
| Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Dividend Payout Ratio |
|
23.74% |
22.81% |
23.68% |
24.42% |
22.45% |
21.98% |
21.87% |
21.32% |
- |
22.21% |
21.85% |
| Augmented Payout Ratio |
|
23.74% |
22.81% |
23.68% |
24.42% |
22.45% |
21.98% |
21.87% |
21.32% |
- |
34.28% |
33.78% |
Key Financial Trends
Western Alliance Bancorporation’s financial profile has expanded meaningfully since the third quarter of 2022. Total assets increased from $69.2 billion to $98.7 billion, while total deposits rose from approximately $55.6 billion to $81.9 billion. Net loans grew from $51.9 billion to $60.5 billion. This indicates continued balance-sheet growth, although the pace of deposit growth has exceeded loan growth and has been supported at times by debt financing and securities activity.
Profitability has also improved over the period, but recent results remain uneven. Net interest income increased from $602.1 million in Q3 2022 to $796.9 million in Q2 2026. Total revenue reached $1.01 billion in Q2 2026, compared with $663.9 million in Q3 2022. However, Q2 2026 net income attributable to common shareholders of $258.5 million was below the $282.9 million reported in Q4 2025, and diluted earnings per share declined to $2.36 from $2.59 over the same comparison. The latest quarter benefited from a sharp reduction in credit-loss provisions, but non-interest income fell as investment gains declined.
The cash-flow statements show a recurring mismatch between reported earnings and cash generation. Operating cash flow was negative in Q2 2026, Q1 2026, Q4 2025, Q3 2025 and Q2 2025, largely reflecting non-cash adjustments and changes associated with the bank’s securities and financing activities. Cash also fell by $2.62 billion in Q2 2026 after increasing by $4.96 billion in Q1. Investors should note that bank cash-flow statements can be heavily influenced by deposit movements and securities purchases, so operating cash flow alone is not a complete measure of bank health.
- Strong balance-sheet expansion: Total assets grew approximately 43% from Q3 2022 to Q2 2026, while total deposits increased approximately 47%.
- Loan growth continues: Net loans increased approximately 16.5% over the period and rose from $58.7 billion in Q1 2026 to $60.5 billion in Q2 2026.
- Improving net interest income: Q2 2026 net interest income of $796.9 million was up from $766.3 million in Q1 2026 and $697.6 million in Q2 2025.
- Capital base has expanded: Total common equity increased from $4.73 billion in Q3 2022 to $7.55 billion in Q2 2026, while retained earnings reached $5.95 billion.
- Lower credit-loss provision sequentially: Provision expense declined to $80.4 million in Q2 2026 from $213.2 million in Q1, helping net income rise to $268.8 million from $189.2 million.
- Deposit funding has been volatile: Deposits rose substantially over the multi-year period, but declined by $850.1 million in Q2 2026 after increasing by $5.56 billion in Q1.
- Liquidity is diversified beyond cash: At Q2 2026, the company held $5.48 billion in interest-bearing deposits at other banks, $20.62 billion in trading securities and $4.35 billion in loans held for sale.
- Cash balances declined sharply: Cash and due from banks fell to $454 million in Q2 2026 from $576 million in Q1, while total cash and equivalents declined by $2.62 billion during the quarter.
- Operating cash flow remains negative: Net cash from operating activities was negative $356.1 million in Q2 2026, following negative cash flow of $507.2 million in Q1 and $69.8 million in Q4 2025.
- Credit provisions remain elevated compared with earlier periods: The Q2 2026 provision was lower than Q1 but still exceeded the $33.6 million recorded in Q3 2024 and the $21.8 million recorded in Q2 2023, indicating continued credit-cost risk.
09/12/26 07:30 PM ETAI Generated. May Contain Errors.