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Western Alliance Bancorporation WAL State income taxes – net of federal income tax benefit

State income taxes – net of federal income tax benefit at other companies

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-0.1%0.0pp
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4.8%
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0%0.0pp
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JFrog Ltd.FROG
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-$1.26M+19.2%
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Two Harbors Investment CorporationTWO

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:EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes.

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 income taxes – net of federal income tax benefit?
Western Alliance Bancorporation (WAL) reported state income taxes – net of federal income tax benefit of 1.3% in Q4 2025.
What does state income taxes – net of federal income tax benefit mean?
The net cost of state income taxes after accounting for federal tax deductibility.
How do you interpret state income taxes – net of federal income tax benefit?
Reflects the geographic tax efficiency of the company's operations.
How does state income taxes – net of federal income tax benefit compare across companies?
Commonly reported in tax reconciliation footnotes for U.S. banks.