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Western Alliance Bancorporation WAL Commercial Segment — Cash, cash equivalents, and investment securities

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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:CashCashEquivalentsandInvestmentSecurities.

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)
Assets:
Cash, cash equivalents, and investment securities$28,946$13$28,933
Loans HFS3,936653,871
Loans HFI, net of deferred fees and costs59,14235,23423,908
Less: allowance for credit losses(461)(389)(72)
Net loans HFI58,68134,84523,836
Goodwill and other intangible assets, net646290356
Other assets6,6443682,4143,862

Item 1. Financial Statements (Unaudited)

FAQ

What is Western Alliance Bancorporation's commercial segment — cash, cash equivalents, and investment securities?
Western Alliance Bancorporation (WAL) reported commercial segment — cash, cash equivalents, and investment securities of $13M in Q1 2026.
How has Western Alliance Bancorporation's commercial segment — cash, cash equivalents, and investment securities changed year-over-year?
Western Alliance Bancorporation's commercial segment — cash, cash equivalents, and investment securities decreased by 13.3% year-over-year, from $15M to $13M.
What is the long-term trend for Western Alliance Bancorporation's commercial segment — cash, cash equivalents, and investment securities?
Over 4 years (2021 to 2025), Western Alliance Bancorporation's commercial segment — cash, cash equivalents, and investment securities has grown at a 3.8% compound annual growth rate (CAGR), from $51.7M to $60M.
What does commercial segment — cash, cash equivalents, and investment securities mean?
This represents the highly liquid assets held by the commercial banking segment, including cash on hand, balances at the Federal Reserve, and investment-grade securities. It serves as a primary liquidity buffer to meet short-term operational needs and deposit withdrawals within the commercial business line. Maintaining an appropriate level of these assets is critical for managing the segment's liquidity risk profile.

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