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Western Alliance Bancorporation WAL Mortgage servicing rights

Mortgage servicing rights at other companies

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JPMorgan ChaseJPM
$661B+0.5%
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Wells Fargo & CompanyWFC
$5.94B-15.7%
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Western New England Bancorp logo
Western New England BancorpWNEB
$259K-31.3%
Associated Banc-Corp logo
Associated Banc-CorpASB
$87.68M+2.9%

Other financials

Income statement

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Revenue$995.7M+17.7%
Net income$261.7M+13.6%
EPS (diluted)$2.36+14.0%

Balance sheet

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Cash & equivalents$8.6B+161%
Total debt$148.0M-95.5%
Total equity$7.8B+10.2%
Total assets$98.7B+13.8%

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

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Market cap$8.78B+2.7%
P/E8.9×-1.2×
P/S2.2×-0.4×

Profitability

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Net margin25%-0.8pp
FCF margin-43.7%-17.4pp

Returns & leverage

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Return on equity13.1%+0.6pp
Debt / equity-0.4×

Where this comes from

Reported directly by Western Alliance Bancorporation in its filing.

Tagged under the XBRL concept us-gaap:ServicingAsset.

The source filing: Western Alliance Bancorporation’s 10-Q, filed May 11, 2026.

Filed
May 10, 2026, 8:00 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001628280-26-033054
Line item(Unaudited) / March 31, 2026December 31, 2025
Loans HFI, net of deferred fees and costs59,14258,677
Less: allowance for credit losses(461)(461)
Net loans held for investment58,68158,216
Mortgage servicing rights1,5161,494
Premises and equipment, net480442
Operating lease right of use asset125131
Bank owned life insurance1,0671,057
Goodwill and intangible assets, net646649

Item 1. Financial Statements (Unaudited)

FAQ

What is Western Alliance Bancorporation's mortgage servicing rights?
Western Alliance Bancorporation (WAL) reported mortgage servicing rights of $1.52B in Q1 2026.
How has Western Alliance Bancorporation's mortgage servicing rights changed year-over-year?
Western Alliance Bancorporation's mortgage servicing rights increased by 22.2% year-over-year, from $1.24B to $1.52B.
What does mortgage servicing rights mean?
This represents the capitalized value of the contractual right to service mortgage loans for third-party investors in exchange for a fee. It is a key intangible asset for banks that originate and sell mortgages while retaining the servicing function. The valuation is sensitive to interest rate environments and prepayment speeds.

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