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Western Alliance Bancorporation

WAL

Western Alliance Bancorporation is a regional bank holding company that provides a comprehensive suite of customized lending, deposit, and treasury management solutions.

Market cap
$8.77B-6.6%
Revenue$3.8B+17.8%
Net income$952.0M+17.6%
Free cash flow-$1.7B+60.4%
EPS (diluted)$8.59+17.8%
Trailing twelve months · change vs. prior year

Earnings

Next report

Jul 21, 2026 (In 5 days)
Revenue estimate$980.5M
EPS estimate$2.33

Financials

Q1 2026

Income statement

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Revenue$1.0B+31.0%
Net income$182.1M-8.5%
EPS (diluted)$1.65-7.8%

Balance sheet

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Cash & equivalents$8.6B+161%
Total debt$4.7B+73.9%
Total equity$7.6B+10.0%
Total assets$98.9B+19.0%

Cash flow

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Operating cash flow-$507.2M+69.3%
CapEx$24.2M+45.8%
Free cash flow-$531.4M+68.2%

Valuation & ratios

Valuation

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Market cap$8.77B-6.6%
Enterprise value$4.9B-50.4%
P/E9.2×-1.8×
P/S2.3×-0.5×

Profitability

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Net margin25.2%0.0pp
FCF margin-43.7%-17.4pp

Returns & leverage

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Return on equity13.1%+0.7pp
Debt / equity0.6×+0.2×

Competitors

Profile

Western Alliance Bancorporation is a regional bank holding company that provides a comprehensive suite of customized lending, deposit, and treasury management solutions. The company operates through a unified banking brand alongside specialized national platforms for mortgage banking and digital payment services. Its core value proposition centers on high-touch relationship banking for business clients combined with specialized expertise in niche industries.

Competitive position

A leading regional bank with a significant presence in the Southwestern U.S. and specialized national lending niches.

GeographiesUnited States, Arizona, California, Nevada
Customer segmentsSmall and Medium Enterprises, Commercial Real Estate Developers, Institutional Investors, Retail Consumers
Business modelInterest income, Fee-based financial services, Asset management
SuppliersFederal Reserve Bank, Federal Home Loan Bank (FHLB), Depositors, Capital markets for debt issuance
CustomersCommercial real estate developers, Small and middle-market businesses, Residential mortgage borrowers, Class action legal industry
Listed2005
Employees3.3K
CEOKenneth A. Vecchione
FilingsSEC EDGAR

Questions, answered.

What is Western Alliance Bancorporation's market cap?
Western Alliance Bancorporation (WAL) has a market capitalization of $8.8B and trades on NYSE.
What is Western Alliance Bancorporation's revenue and profitability?
Western Alliance Bancorporation generated $3.8B in trailing twelve-month revenue with net income of $952.0M, representing a net margin of 25.2%, with free cash flow of -$1.7B. These figures are based on the Q1 2026 filing.
Who are Western Alliance Bancorporation's competitors?
Western Alliance Bancorporation's key competitors include Wells Fargo & Company, West Bancorporation, Bankwell Financial Group Inc, and others. These companies compete in similar markets and product categories.
Who does Western Alliance Bancorporation partner with?
Western Alliance Bancorporation's notable partners include Federal Home Loan Bank, Federal Reserve Bank.
What subsidiaries does Western Alliance Bancorporation have?
Western Alliance Bancorporation's subsidiaries include Western Alliance Bank, AmeriHome, Digital Settlement Technologies (DST), and others.
Where is Western Alliance Bancorporation headquartered?
Western Alliance Bancorporation is headquartered in United States of America and employs approximately 3,260 people. It has been publicly traded since 2005.