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Western Alliance Bancorporation WAL Commercial Segment — Borrowings and qualifying debt

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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$9.05B+5.5%
P/E9.2×-0.9×
P/S2.3×-0.3×

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 wal:BorrowingsandQualifyingDebt.

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
Balance Sheet: / At March 31, 2026:Consolidated Company / (in millions)Commercial / (in millions)Consumer Related / (in millions)Corporate & Other / (in millions)
Total assets$98,853$35,581$30,477$32,795
Liabilities:
Deposits$82,723$31,096$45,923$5,704
Borrowings and qualifying debt6,682246,658
Other liabilities1,540974181,025
Total liabilities90,94531,19346,36513,387
Allocated equity:7,9083,6452,6881,575
Total liabilities and equity$98,853$34,838$49,053$14,962

Item 1. Financial Statements (Unaudited)

FAQ

What is Western Alliance Bancorporation's commercial segment — borrowings and qualifying debt?
Western Alliance Bancorporation (WAL) reported commercial segment — borrowings and qualifying debt of $0 in Q1 2026.
How has Western Alliance Bancorporation's commercial segment — borrowings and qualifying debt changed year-over-year?
Western Alliance Bancorporation's commercial segment — borrowings and qualifying debt decreased by 100.0% year-over-year, from $7M to $0.
What is the long-term trend for Western Alliance Bancorporation's commercial segment — borrowings and qualifying debt?
Over 4 years (2021 to 2025), Western Alliance Bancorporation's commercial segment — borrowings and qualifying debt has grown at a -19.9% compound annual growth rate (CAGR), from $17M to $7M.
What does commercial segment — borrowings and qualifying debt mean?
This metric tracks the debt obligations and borrowings used by the commercial segment to supplement its funding needs beyond customer deposits. It includes wholesale funding, advances from the Federal Home Loan Bank, and other debt instruments. It is a key indicator of the segment's reliance on non-deposit funding sources to manage its balance sheet.

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