Symbols / WAL
WAL Chart
About
Western Alliance Bancorporation operates as the bank holding company for Western Alliance Bank that provides various banking products and related services primarily in Arizona, California, and Nevada. It operates through Commercial and Consumer Related segments. The company offers deposit products, including demand deposit, checking, savings, and money market accounts, as well as fixed-rate and fixed maturity certificates of deposit accounts; treasury management products and services to small and middle-market businesses, specialized banking services to sophisticated commercial institutions and investors; and residential mortgage products and services. It also provides commercial and industrial loan products, such as working capital lines of credit, loans to technology companies, inventory and accounts receivable lines, mortgage warehouse lines, equipment loans and leases, and other commercial loans; commercial real estate loans, which are secured by multifamily residential properties, professional offices, industrial facilities, retail centers, hotels, and other commercial properties; construction and land development loans for single family and multifamily residential projects, industrial/warehouse properties, office buildings, retail centers, medical office facilities, and residential lot developments; and consumer loans. In addition, the company offers other financial services, such as internet banking, wire transfers, electronic bill payment and presentment, funds transfer and other digital payment offerings, lock box services, courier, and cash management services. Further, the company holds certain investment securities, municipal and non-profit loans, and leases; invests primarily in low-income housing tax credits and small business investment corporations; and certain real estate loans and related securities. Western Alliance Bancorporation was founded in 1994 and is headquartered in Phoenix, Arizona.
Fundamentals
Scroll to Statements| Sector | Financial Services | Industry | Banks - Regional | Market Cap | 9.73B |
| Enterprise Value | 12.58B | Income | 956.20M | Sales | 3.32B |
| Book/sh | 68.06 | Cash/sh | 37.65 | Dividend Yield | 190.00% |
| Payout | 17.87% | Employees | 3769 | IPO | — |
| P/E | 10.13 | Forward P/E | 7.43 | PEG | — |
| P/S | 2.93 | P/B | 1.30 | P/C | — |
| EV/EBITDA | — | EV/Sales | 3.79 | Quick Ratio | — |
| Current Ratio | — | Debt/Eq | — | LT Debt/Eq | — |
| EPS (ttm) | 8.73 | EPS next Y | 11.90 | EPS Growth | 32.80% |
| Revenue Growth | 16.60% | Earnings | 2026-04-20 | ROA | 1.14% |
| ROE | 13.52% | ROIC | — | Gross Margin | 0.00% |
| Oper. Margin | 41.13% | Profit Margin | 29.20% | Shs Outstand | 109.50M |
| Shs Float | 102.67M | Short Float | 4.20% | Short Ratio | 5.04 |
| Short Interest | — | 52W High | 97.23 | 52W Low | 57.05 |
| Beta | 1.32 | Avg Volume | 973.17K | Volume | 194.85K |
| Target Price | $102.67 | Recom | None | Prev Close | $88.21 |
| Price | $88.44 | Change | 0.26% |
Valuation Models
Price estimates from analyst targets and simple models.
1. Analyst consensus
$102.67
Mean price target
2. Current target
$88.44
Latest analyst target
3. DCF / Fair value
$130.95
Fallback: EPS × 15 (assumed fair P/E). No FCF data; use with …
Ratings
Current target
$88.44
Low
$85.00
High
$110.00
Mean
$102.67
Latest analyst rating changes
| Date | Action | Analyst | Rating Change | Price Target |
|---|---|---|---|---|
| 2026-01-30 | main | Citigroup | Buy → Buy | $107 |
| 2026-01-29 | main | DA Davidson | Buy → Buy | $105 |
| 2026-01-28 | main | Jefferies | Buy → Buy | $110 |
| 2026-01-28 | down | JP Morgan | Overweight → Neutral | $105 |
| 2026-01-28 | main | Keefe, Bruyette & Woods | Outperform → Outperform | $101 |
| 2026-01-07 | main | TD Cowen | Buy → Buy | $108 |
| 2025-12-19 | main | Barclays | Overweight → Overweight | $115 |
| 2025-11-05 | main | UBS | Buy → Buy | $105 |
| 2025-10-23 | main | Keefe, Bruyette & Woods | Outperform → Outperform | $95 |
| 2025-10-23 | main | Truist Securities | Buy → Buy | $93 |
| 2025-10-23 | main | Wells Fargo | Underweight → Underweight | $85 |
| 2025-10-10 | main | RBC Capital | Outperform → Outperform | $100 |
| 2025-10-01 | main | JP Morgan | Overweight → Overweight | $105 |
| 2025-09-29 | down | Wells Fargo | Equal-Weight → Underweight | $90 |
| 2025-09-25 | init | TD Cowen | — → Buy | $118 |
| 2025-08-26 | main | Citigroup | Buy → Buy | $104 |
| 2025-07-21 | main | DA Davidson | Buy → Buy | $98 |
| 2025-07-21 | main | Wells Fargo | Equal-Weight → Equal-Weight | $85 |
| 2025-07-21 | main | Piper Sandler | Overweight → Overweight | $105 |
| 2025-07-21 | main | Truist Securities | Buy → Buy | $93 |
News
RSS: Latest WAL news- Spotting Winners: Western Alliance Bancorporation (NYSE:WAL) And Regional Banks Stocks In Q4 - TradingView Wed, 25 Feb 2026 14
- Best Consumer Stock to Buy Right Now: Costco or Walmart?​ - The Motley Fool Wed, 25 Feb 2026 08
- Western Alliance Bancorporation (WAL) Valuation Check After Recent Share Price Moves - simplywall.st Wed, 25 Feb 2026 04
- Western Alliance Bancorporation $WAL Shares Sold by Vanguard Group Inc. - MarketBeat Mon, 23 Feb 2026 12
- Inside Western Alliance’s 2026 plan: executives face investor questions in NYC - Stock Titan Fri, 20 Feb 2026 15
- Western Alliance Bancorporation (WAL) Stock Is Up, What You Need To Know - Yahoo Finance Mon, 13 Oct 2025 07
- Fund Update: 223,707 WESTERN ALLIANCE BAN (WAL) shares added to Smead Capital Management, Inc. portfolio - Quiver Quantitative Mon, 09 Feb 2026 08
- Western Alliance Bancorp (WAL) Shares Down 3.53% on Feb 19 - GuruFocus hu, 19 Feb 2026 17
- Walmart market value tops $1 trillion - Talk Business & Politics ue, 03 Feb 2026 08
- $7.5M to power retail displays: Western Alliance bankrolls OnQ - Stock Titan Fri, 20 Feb 2026 11
- Why Western Alliance Bancorporation (WAL) Stock Is Trading Lower Today - Yahoo Finance Fri, 18 Jul 2025 07
- $WAL stock is down 8% today. Here's what we see in our data. | WAL Stock News - Quiver Quantitative hu, 16 Oct 2025 07
- Banker serving 45,000 community associations to lead Western Alliance’s Association group - Stock Titan hu, 19 Feb 2026 19
- Why Western Alliance Bancorporation (WAL) Shares Are Sliding Today - Yahoo Finance Wed, 08 Oct 2025 07
- Walmart earnings in focus, Caesars stock surges, Moderna FDA review - Yahoo Finance Wed, 18 Feb 2026 20
Insider Transactions
| Date | Shares | Value | Url | Text | Insider | Position | Transaction | Start Date | Ownership |
|---|---|---|---|---|---|---|---|---|---|
| 0 | 641 | 61292.0 | — | Sale at price 95.62 per share. | MUCHA BEN | Officer | — | 2026-02-18 00:00:00 | D |
| 1 | 497 | nan | — | — | GIBBONS DALE M | Officer | — | 2026-02-13 00:00:00 | D |
| 2 | 166 | nan | — | — | BOOTHE TIMOTHY W | Officer | — | 2026-02-13 00:00:00 | D |
| 3 | 294 | nan | — | — | CURLEY STEPHEN RUSSELL | Officer | — | 2026-02-13 00:00:00 | D |
| 4 | 976 | nan | — | — | VECCHIONE KENNETH A | Chief Executive Officer | — | 2026-02-13 00:00:00 | D |
| 5 | 175 | nan | — | — | KENNEDY BARBARA J | Officer | — | 2026-02-13 00:00:00 | D |
| 6 | 273 | nan | — | — | BRUCKNER TIM R | Officer | — | 2026-02-13 00:00:00 | D |
| 7 | 125 | nan | — | — | NACHLAS EMILY | Officer | — | 2026-02-13 00:00:00 | D |
| 8 | 104 | nan | — | — | JARVI JESSICA H | Officer | — | 2026-02-13 00:00:00 | D |
| 9 | 57 | nan | — | — | HERNDON LYNNE | Officer | — | 2026-02-13 00:00:00 | D |
Financials
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| TaxEffectOfUnusualItems | 0.00 | 11.91M | 0.00 | -4.22M |
| TaxRateForCalcs | 0.20 | 0.23 | 0.20 | 0.20 |
| TotalUnusualItems | 0.00 | 52.70M | 0.00 | -21.20M |
| TotalUnusualItemsExcludingGoodwill | 0.00 | 52.70M | 0.00 | -21.20M |
| NetIncomeFromContinuingOperationNetMinorityInterest | 787.70M | 722.40M | 1.06B | 899.20M |
| ReconciledDepreciation | 118.50M | 86.50M | 74.60M | 50.00M |
| NetInterestIncome | 2.62B | 2.34B | 2.22B | 1.55B |
| InterestExpense | 1.92B | 1.70B | 475.50M | 109.90M |
| InterestIncome | 4.54B | 4.04B | 2.69B | 1.66B |
| NormalizedIncome | 787.70M | 681.61M | 1.06B | 916.18M |
| NetIncomeFromContinuingAndDiscontinuedOperation | 787.70M | 722.40M | 1.06B | 899.20M |
| DilutedAverageShares | 109.30M | 108.50M | 107.60M | 103.30M |
| BasicAverageShares | 108.60M | 108.30M | 107.20M | 102.70M |
| DilutedEPS | 7.09 | 6.54 | 9.70 | 8.67 |
| BasicEPS | 7.14 | 6.55 | 9.74 | 8.72 |
| DilutedNIAvailtoComStockholders | 774.90M | 709.60M | 1.04B | 895.70M |
| NetIncomeCommonStockholders | 774.90M | 709.60M | 1.04B | 895.70M |
| PreferredStockDividends | 12.80M | 12.80M | 12.80M | 3.50M |
| NetIncome | 787.70M | 722.40M | 1.06B | 899.20M |
| NetIncomeIncludingNoncontrollingInterests | 787.70M | 722.40M | 1.06B | 899.20M |
| NetIncomeContinuousOperations | 787.70M | 722.40M | 1.06B | 899.20M |
| TaxProvision | 203.50M | 211.20M | 258.80M | 223.80M |
| PretaxIncome | 991.20M | 933.60M | 1.32B | 1.12B |
| SpecialIncomeCharges | 0.00 | 52.70M | 0.00 | -21.20M |
| RestructuringAndMergernAcquisition | 0.00 | 400.00K | 15.30M | |
| GainOnSaleOfSecurity | 63.10M | -141.10M | -4.00M | 29.10M |
| SellingGeneralAndAdministration | 663.80M | 588.10M | 561.60M | 480.20M |
| SellingAndMarketingExpense | 32.70M | 21.80M | 22.10M | 13.50M |
| GeneralAndAdministrativeExpense | 631.10M | 566.30M | 539.50M | 466.70M |
| OtherGandA | 58.20M | |||
| InsuranceAndClaims | 190.40M | 31.10M | 23.00M | |
| SalariesAndWages | 631.10M | 566.30M | 539.50M | 466.70M |
| TotalRevenue | 3.09B | 2.56B | 2.49B | 1.89B |
| OperatingRevenue | 3.09B | 2.56B | 2.49B | 1.89B |
| OccupancyAndEquipment | 73.10M | 65.60M | 55.50M | 43.80M |
| ProfessionalExpenseAndContractServicesExpense | 109.40M | 107.20M | 99.90M | 58.60M |
| OtherNonInterestExpense | 1.11B | 856.40M | 353.10M | 171.10M |
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| TreasurySharesNumber | 2.85M | 2.70M | 2.55M | 2.35M |
| PreferredSharesNumber | 12.00M | 12.00M | 12.00M | 4.80B |
| OrdinarySharesNumber | 110.05M | 109.47M | 108.91M | 106.63M |
| ShareIssued | 112.90M | 112.17M | 111.47M | 108.98M |
| NetDebt | 2.36B | 5.99B | 5.48B | 1.19B |
| TotalDebt | 6.62B | 7.75B | 6.71B | 1.85B |
| TangibleBookValue | 4.63B | 3.99B | 3.23B | 3.34B |
| InvestedCapital | 12.87B | 13.35B | 11.59B | 6.37B |
| NetTangibleAssets | 4.92B | 4.29B | 3.53B | 3.63B |
| CapitalLeaseObligations | 159.00M | 179.00M | 185.00M | 143.00M |
| CommonStockEquity | 6.41B | 5.78B | 5.06B | 4.67B |
| PreferredStockEquity | 295.00M | 295.00M | 295.00M | 295.00M |
| TotalCapitalization | 10.03B | 7.42B | 7.56B | 6.63B |
| TotalEquityGrossMinorityInterest | 6.71B | 6.08B | 5.36B | 4.96B |
| StockholdersEquity | 6.71B | 6.08B | 5.36B | 4.96B |
| GainsLossesNotAffectingRetainedEarnings | -534.00M | -513.00M | -661.00M | 16.00M |
| TreasuryStock | 125.00M | 116.00M | 105.00M | 87.00M |
| RetainedEarnings | 4.83B | 4.21B | 3.66B | 2.77B |
| AdditionalPaidInCapital | 2.25B | 2.20B | 2.16B | 1.97B |
| CapitalStock | 295.00M | 295.00M | 295.00M | 295.00M |
| CommonStock | 2.16B | 1.97B | ||
| PreferredStock | 295.00M | 295.00M | 295.00M | 295.00M |
| TotalLiabilitiesNetMinorityInterest | 74.23B | 64.78B | 62.38B | 51.02B |
| LongTermDebtAndCapitalLeaseObligation | 3.48B | 1.52B | 2.38B | 1.81B |
| LongTermCapitalLeaseObligation | 159.00M | 179.00M | 185.00M | 143.00M |
| LongTermDebt | 3.32B | 1.34B | 2.20B | 1.67B |
| CurrentDebtAndCapitalLeaseObligation | 3.14B | 6.23B | 4.33B | 35.00M |
| CurrentDebt | 3.14B | 6.23B | 4.33B | 35.00M |
| OtherCurrentBorrowings | 3.14B | 6.23B | 4.33B | 35.00M |
| TotalAssets | 80.93B | 70.86B | 67.73B | 55.98B |
| InvestmentsAndAdvances | 15.70B | 13.29B | 9.16B | 8.08B |
| HeldToMaturitySecurities | 1.47B | 1.42B | 1.28B | 1.10B |
| AvailableForSaleSecurities | 9.79B | 699.00M | 784.00M | 790.00M |
| GoodwillAndOtherIntangibleAssets | 1.79B | 1.79B | 1.83B | 1.33B |
| OtherIntangibleAssets | 1.26B | 1.27B | 1.30B | 841.00M |
| Goodwill | 527.00M | 527.00M | 527.00M | 491.00M |
| NetPPE | 489.00M | 484.00M | 439.00M | 315.00M |
| AccumulatedDepreciation | -277.00M | -206.00M | -157.00M | -126.00M |
| GrossPPE | 766.00M | 690.00M | 596.00M | 441.00M |
| Leases | 98.00M | 85.00M | 66.00M | 41.00M |
| ConstructionInProgress | 62.00M | 82.00M | 60.00M | 43.00M |
| OtherProperties | 128.00M | 145.00M | 163.00M | 133.00M |
| MachineryFurnitureEquipment | 350.00M | 250.00M | 180.00M | 100.00M |
| BuildingsAndImprovements | 96.00M | 96.00M | 95.00M | 92.00M |
| LandAndImprovements | 32.00M | 32.00M | 32.00M | 32.00M |
| OtherShortTermInvestments | 4.44B | 11.16B | 7.09B | 6.19B |
| CashAndCashEquivalents | 4.10B | 1.58B | 1.04B | 516.00M |
| CashFinancial | 320.00M | 276.00M | 259.00M | 166.00M |
| CashCashEquivalentsAndFederalFundsSold | 4.33B | 1.86B | 1.27B | 608.00M |
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| FreeCashFlow | -2.83B | -442.90M | 2.10B | -2.72B |
| RepurchaseOfCapitalStock | 0.00 | 0.00 | ||
| RepaymentOfDebt | -1.03B | -818.10M | -30.70M | -475.90M |
| IssuanceOfDebt | 3.00B | 9.90M | 578.40M | 1.06B |
| IssuanceOfCapitalStock | 100.00K | 100.00K | 157.70M | 834.80M |
| CapitalExpenditure | -83.80M | -114.30M | -141.00M | -69.40M |
| InterestPaidSupplementalData | 1.94B | 1.58B | 452.90M | 111.60M |
| IncomeTaxPaidSupplementalData | 1.30M | 63.60M | 197.60M | 175.70M |
| EndCashPosition | 4.10B | 1.58B | 1.04B | 516.40M |
| BeginningCashPosition | 1.58B | 1.04B | 516.40M | 2.67B |
| ChangesInCash | 2.52B | 532.70M | 527.00M | -2.16B |
| FinancingCashFlow | 11.23B | 3.02B | 11.41B | 15.21B |
| CashFlowFromContinuingFinancingActivities | 11.23B | 3.02B | 11.41B | 15.21B |
| NetOtherFinancingCharges | -8.70M | -11.00M | -18.50M | -15.80M |
| CashDividendsPaid | -176.80M | -171.50M | -166.20M | -127.60M |
| NetPreferredStockIssuance | 0.00 | 0.00 | 294.50M | |
| PreferredStockIssuance | 0.00 | 0.00 | 294.50M | |
| NetCommonStockIssuance | 100.00K | 100.00K | 157.70M | 540.30M |
| CommonStockPayments | 0.00 | 0.00 | ||
| CommonStockIssuance | 100.00K | 100.00K | 157.70M | 540.30M |
| NetIssuancePaymentsOfDebt | 411.90M | 1.53B | 5.41B | -1.16B |
| NetShortTermDebtIssuance | -1.56B | 2.34B | 4.86B | -1.74B |
| NetLongTermDebtIssuance | 1.97B | -808.20M | 547.70M | 579.80M |
| LongTermDebtPayments | -1.03B | -818.10M | -30.70M | -475.90M |
| LongTermDebtIssuance | 3.00B | 9.90M | 578.40M | 1.06B |
| InvestingCashFlow | -5.97B | -2.16B | -13.13B | -14.71B |
| CashFlowFromContinuingInvestingActivities | -5.97B | -2.16B | -13.13B | -14.71B |
| NetOtherInvestingChanges | -798.30M | 700.00K | ||
| NetInvestmentPurchaseAndSale | -2.18B | -3.95B | -2.16B | -2.14B |
| SaleOfInvestment | 14.88B | 11.64B | 902.80M | 1.88B |
| PurchaseOfInvestment | -17.06B | -15.59B | -3.06B | -4.01B |
| NetBusinessPurchaseAndSale | 0.00 | 0.00 | -50.00M | -1.02B |
| PurchaseOfBusiness | 0.00 | 0.00 | -50.00M | -1.02B |
| NetIntangiblesPurchaseAndSale | 908.30M | 798.20M | 391.90M | 1.18B |
| SaleOfIntangibles | 908.30M | 798.20M | 391.90M | 1.18B |
| NetPPEPurchaseAndSale | -83.80M | -114.30M | -141.00M | -69.40M |
| PurchaseOfPPE | -83.80M | -114.30M | -141.00M | -69.40M |
| OperatingCashFlow | -2.74B | -328.60M | 2.25B | -2.65B |
| CashFlowFromContinuingOperatingActivities | -2.74B | -328.60M | 2.25B | -2.65B |
| ChangeInWorkingCapital | 114.70M | -38.70M | -157.60M | |
| OtherNonCashItems | -3.54B | -1.03B | 1.13B | -3.63B |
| StockBasedCompensation | 47.70M | 34.30M | 39.80M | 35.10M |
| DeferredTax | 12.40M | -24.90M | -68.60M | 42.00M |
| DeferredIncomeTax | 12.40M | -24.90M | -68.60M | 42.00M |
| DepreciationAmortizationDepletion | 118.50M | 86.50M | 74.60M | 50.00M |
| DepreciationAndAmortization | 118.50M | 86.50M | 74.60M | 50.00M |
| Depreciation | 118.50M | 86.50M | 74.60M | 50.00M |
| OperatingGainsLosses | -17.40M | -11.90M | -6.80M | -2.50M |
| GainLossOnInvestmentSecurities | -17.40M | 40.80M | -6.80M | -8.40M |
| NetIncomeFromContinuingOperations | 787.70M | 722.40M | 1.06B | 899.20M |
SEC Filings
Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.
Public Trades for WAL
| Date | User | Asset | Broker | Type | Position Size | Entry Price | Patterns |
|---|