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State at other companies

Huntington Ingalls Industries logo
Huntington Ingalls IndustriesHII
-$4M-300%
Willis Towers Watson logo
Willis Towers WatsonWTW
-$2.75M-83.3%
CF Industries logo
CF IndustriesCF
$39M+455%
Two Harbors Investment Corporation logo
Two Harbors Investment CorporationTWO
TPX
TPXTPX
Popular logo
PopularBPOP

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:DeferredStateAndLocalIncomeTaxExpenseBenefit.

The official record: Western Alliance Bancorporation’s 10-K, filed February 23, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Western Alliance Bancorporation's state?
Western Alliance Bancorporation (WAL) reported state of -$1.13M in Q4 2025.
What does state mean?
The state and local tax expense or benefit resulting from temporary timing differences in accounting.
How do you interpret state?
Provides insight into the long-term state tax impact of the bank's current operational and investment activities.
How does state compare across companies?
Standard component of the tax provision for all companies following GAAP.