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Western Alliance Bancorporation WAL Mortgage servicing rights

Mortgage servicing rights at other companies

JPMorgan Chase logo
JPMorgan ChaseJPM
$663B-0.5%
Wells Fargo & Company logo
Wells Fargo & CompanyWFC
$6.22B-13.4%
PennyMac Mortgage Investment Trust logo
PennyMac Mortgage Investment TrustPMT
$3.62B-3.9%
Associated Banc-Corp logo
Associated Banc-CorpASB
$87.6M+1.6%
SouthState logo
SouthStateSSB
$90.02M+2.6%
Huntington Bancshares logo
Huntington BancsharesHBAN

Other financials

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

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Market cap$8.73B-8.3%
Enterprise value$4.85B-50.5%
P/E9.2×-2.6×
P/S2.3×-0.7×

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×

Where this comes from

Reported directly by Western Alliance Bancorporation in its filing.

Tagged under the XBRL concept us-gaap:ServicingAsset.

The official record: Western Alliance Bancorporation’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

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.