Financial Services · Banks - Regional
Price
$80.69
Market Cap
$8.8B
Employees
3,562
Beta
1.34
Avg Volume
1,175,998
CEO
Kenneth A. Vecchione
Business Description
Western Alliance Bancorporation serves as the holding entity for Western Alliance Bank, offering a broad spectrum of banking products and related financial services, with its primary operations centered in Arizona, California, and Nevada. The company structures its business across Commercial, Consumer Related, and Corporate & Other segments. Its deposit offerings include checking, savings, and money market accounts, as well as fixed-rate and fixed-maturity certificates of deposit. Additionally, it delivers treasury management and residential mortgage services. The company's lending activities are diverse, encompassing commercial and industrial loans such as working capital lines of credit, financing for technology companies, inventory and accounts receivable lines, mortgage warehouse facilities, and equipment loans and leases. Western Alliance also provides commercial real estate loans, secured by properties like multi-family residential units, professional offices, industrial sites, retail centers, and hotels. Its construction and land development loans support projects ranging from single and multi-family residential developments to industrial/warehouse facilities, office buildings, retail spaces, medical offices, and residential lot developments. Consumer loan products are also available. Beyond core banking, Western Alliance offers a variety of other financial services, including internet banking, wire transfers, electronic bill payment and presentment, lock box services, courier services, and comprehensive cash management solutions. Furthermore, the company holds various investment securities, municipal and non-profit loans, and leases, and makes strategic investments in low-income housing tax credits and small business investment corporations, alongside real estate loans and related securities. Founded in 1994 and based in Phoenix, Arizona, Western Alliance Bancorporation operates a network of 36 branch locations and several loan production offices.
Business History
Price Overview
Price at report time · Jul 2, 3:32pm (0m ago)
$80.57
Change · Jul 2
-2.93 (-3.50%)
Day Range
$80.38 – $84.54
52-Week Range
$65.82 – $97.23
50-Day MA
$79.83
200-Day MA
$81.63
Volume
579,331.00
Right now · live
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Real-time — the change above is the move since the report (over 0m).
Analyst Price Targets
Low
$79.00
Consensus
$88.17
High
$98.00
(52 analysts)
Share Structure
Outstanding
109,185,000.00
Float
102,049,023.00
Free Float
93.5%
High free float
— 93.5% of shares trade freely, ~6.5% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
APIStock Price / EPS (Diluted)
9.11
Stock Price: $80.69
EPS (Diluted): 8.79
EPS (Diluted): 8.79
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
1.20
Stock Price: $80.69
Total Equity: $7.65B
Shares: 109,500,000
Total Equity: $7.65B
Shares: 109,500,000
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
5.34
Market Cap: $8.81B
Total Debt: $6.35B
Cash: $3.60B
EBITDA: $1.34B
Total Debt: $6.35B
Cash: $3.60B
EBITDA: $1.34B
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$12.0B
Market Cap: $8.81B
Total Debt: $6.35B
Cash: $3.60B
Total Debt: $6.35B
Cash: $3.60B
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
61.1%
Gross Profit: $3.22B
Revenue: $5.28B
Revenue: $5.28B
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
22.9%
Operating Income: $1.21B
Revenue: $5.28B
Revenue: $5.28B
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
18.4%
Net Income: $969.00M
Revenue: $5.28B
Revenue: $5.28B
ROE (Profit from shareholder equity)
APINet Income / Total Equity
12.9%
Net Income: $969.00M
Total Equity: $7.65B
Total Equity: $7.65B
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
6.1%
Operating Income: $1.21B
Tax Rate: 17.9%
Equity: $7.65B
Total Debt: $6.35B
Cash: $3.60B
Tax Rate: 17.9%
Equity: $7.65B
Total Debt: $6.35B
Cash: $3.60B
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
0.17
Current Assets: $13.96B
Current Liabilities: $81.01B
Current Liabilities: $81.01B
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.83
Short-Term Debt: $3.88B
Long-Term Debt: $2.47B
Total Debt: $6.35B
Total Equity: $7.65B
Long-Term Debt: $2.47B
Total Debt: $6.35B
Total Equity: $7.65B
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$48.18
Revenue: $5.28B
Shares: 109,500,000
Shares: 109,500,000
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$69.89
Total Equity: $7.65B
Shares: 109,500,000
Shares: 109,500,000
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$-25.51
Operating CF: -$2.68B
CapEx: -$114.30M
Shares: 109,500,000
CapEx: -$114.30M
Shares: 109,500,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
2.0%
Last Dividend: N/A
Stock Price: $80.69
Stock Price: $80.69
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $969.00M
Net Income: $969.00M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares WAL against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jul 2, 2026 3:32pm (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $2.0B | $3.0B | $4.3B | $5.0B | $5.3B |
| Cost of Revenue | $81.3M | $543.6M | $1.8B | $2.1B | $2.1B |
| Gross Profit | $1.9B | $2.4B | $2.5B | $2.9B | $3.2B |
| Operating Expenses | $797.9M | $1.1B | $1.6B | $2.0B | $2.0B |
| Operating Income | $1.1B | $1.3B | $933.6M | $991.2M | $1.2B |
| Net Income | $899.2M | $1.1B | $722.4M | $787.7M | $969.0M |
| EBITDA | $1.2B | $1.4B | $1.0B | $1.1B | $1.3B |
| EPS | $8.72 | $9.74 | $6.55 | $7.14 | $8.79 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jul 2, 2026 3:32pm (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $516.0M | $1.0B | $1.6B | $4.1B | $3.6B |
| Total Current Assets | $6.7B | $8.1B | $12.7B | $8.5B | $14.0B |
| Total Assets | $56.0B | $67.7B | $70.9B | $80.9B | $92.8B |
| Current Liabilities | $48.3B | $58.6B | $62.1B | $69.5B | $81.0B |
| Long-Term Debt | $1.7B | $2.2B | $1.3B | $3.3B | $2.5B |
| Total Liabilities | $51.0B | $62.4B | $64.8B | $74.2B | $84.8B |
| Total Equity | $5.0B | $5.4B | $6.1B | $6.7B | $7.7B |
| Retained Earnings | $2.8B | $3.7B | $4.2B | $4.8B | $5.6B |
Cash Flow (Annual)
Last updated: Jul 2, 2026 3:32pm (just now)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | -$2.7B | $2.2B | -$328.6M | -$2.7B | -$2.7B |
| Capital Expenditure | -$69.4M | -$141.0M | -$114.3M | -$83.8M | -$114.3M |
| Free Cash Flow | -$2.7B | $2.1B | -$442.9M | -$2.8B | -$2.8B |
| Acquisitions (net) | -$1.0B | -$50.0M | $0 | $0 | -$14.2M |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $0 | $0 | $0 | $0 | -$69.0M |
| Net Change in Cash | -$2.2B | $527.0M | $532.7M | $2.5B | -$506.8M |
Analyst Estimates (Annual)
Last updated: Jul 2, 2026 3:32pm (just now)| Metric | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|
| Revenue |
$3.5B $3.5B – $3.5B
|
$4.0B $4.0B – $4.1B
|
$4.3B $4.3B – $4.4B
|
$4.7B $4.6B – $4.7B
|
| EBITDA |
$1.2B $1.2B – $1.2B
|
$1.4B $1.4B – $1.4B
|
$1.5B $1.5B – $1.6B
|
$1.7B $1.6B – $1.7B
|
| Net Income |
$939.2M $906.7M – $951.8M
|
$1.0B $975.5M – $1.1B
|
$1.2B $1.2B – $1.3B
|
$1.5B $1.4B – $1.6B
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jul 2, 2026 3:32pm (just now)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +47.9% | +43.8% | +17.8% | +5.2% |
| Gross Profit Growth | +25.8% | +3.3% | +18.0% | +9.3% |
| Operating Income Growth | +17.2% | -29.1% | +6.2% | +21.8% |
| Net Income Growth | +17.6% | -31.7% | +9.0% | +23.0% |
| EBITDA Growth | +18.6% | -26.6% | +8.8% | +20.5% |
Insider Trading (Recent)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-06-15 | Boothe Timothy W | M-Exempt | 97.00 | $0.00 | $0 |
| 2026-06-15 | Boothe Timothy W | M-Exempt | 69.00 | $0.00 | $0 |
| 2026-06-15 | Boothe Timothy W | D-Return | 69.00 | $81.81 | $5,645 |
| 2026-06-15 | Boothe Timothy W | M-Exempt | 69.00 | $0.00 | $0 |
| 2026-06-15 | Boothe Timothy W | M-Exempt | 69.00 | $0.00 | $0 |
| 2026-06-15 | Boothe Timothy W | M-Exempt | 97.00 | $0.00 | $0 |
| 2026-06-15 | GIBBONS DALE | M-Exempt | 285.00 | $0.00 | $0 |
| 2026-06-15 | GIBBONS DALE | M-Exempt | 229.00 | $0.00 | $0 |
| 2026-06-15 | GIBBONS DALE | M-Exempt | 212.00 | $0.00 | $0 |
| 2026-06-15 | GIBBONS DALE | D-Return | 229.00 | $81.81 | $18,734 |
| 2026-06-15 | GIBBONS DALE | M-Exempt | 229.00 | $0.00 | $0 |
| 2026-06-15 | GIBBONS DALE | M-Exempt | 212.00 | $0.00 | $0 |
| 2026-06-15 | GIBBONS DALE | M-Exempt | 285.00 | $0.00 | $0 |
| 2026-06-15 | Nachlas Emily | M-Exempt | 72.00 | $0.00 | $0 |
| 2026-06-15 | Nachlas Emily | M-Exempt | 64.00 | $0.00 | $0 |
| 2026-06-15 | Nachlas Emily | M-Exempt | 53.00 | $0.00 | $0 |
| 2026-06-15 | Nachlas Emily | D-Return | 64.00 | $81.81 | $5,236 |
| 2026-06-15 | Nachlas Emily | M-Exempt | 64.00 | $0.00 | $0 |
| 2026-06-15 | Nachlas Emily | M-Exempt | 53.00 | $0.00 | $0 |
| 2026-06-15 | Nachlas Emily | M-Exempt | 72.00 | $0.00 | $0 |
Dividend History (Last 20)
Last updated: Jul 2, 2026 3:32pm (just now)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2026-05-14 | $0.42 | 2026-04-30 | 2026-05-14 | 2026-05-29 |
| 2026-02-20 | $0.42 | 2026-02-05 | 2026-02-20 | 2026-03-06 |
| 2025-11-13 | $0.42 | 2025-11-03 | 2025-11-13 | 2025-11-28 |
| 2025-08-14 | $0.38 | 2025-07-31 | 2025-08-14 | 2025-08-29 |
| 2025-05-15 | $0.38 | 2025-05-01 | 2025-05-15 | 2025-05-30 |
| 2025-02-14 | $0.38 | 2025-02-05 | 2025-02-14 | 2025-02-28 |
| 2024-11-15 | $0.38 | 2024-10-31 | 2024-11-15 | 2024-11-29 |
| 2024-08-16 | $0.37 | 2024-07-31 | 2024-08-16 | 2024-08-30 |
| 2024-05-15 | $0.37 | 2024-05-01 | 2024-05-16 | 2024-05-31 |
| 2024-02-15 | $0.37 | 2024-02-05 | 2024-02-16 | 2024-03-01 |
| 2023-11-16 | $0.37 | 2023-10-27 | 2023-11-17 | 2023-12-01 |
| 2023-08-10 | $0.36 | 2023-08-01 | 2023-08-11 | 2023-08-25 |
| 2023-05-11 | $0.36 | 2023-05-02 | 2023-05-12 | 2023-05-26 |
| 2023-02-16 | $0.36 | 2023-02-06 | 2023-02-17 | 2023-03-03 |
| 2022-11-17 | $0.36 | 2022-10-26 | 2022-11-18 | 2022-12-02 |
| 2022-08-11 | $0.36 | 2022-07-28 | 2022-08-12 | 2022-08-26 |
| 2022-05-12 | $0.35 | 2022-04-25 | 2022-05-13 | 2022-05-27 |
| 2022-02-17 | $0.35 | 2022-02-08 | 2022-02-18 | 2022-03-04 |
| 2021-11-18 | $0.35 | 2021-11-03 | 2021-11-19 | 2021-12-03 |
| 2021-08-12 | $0.35 | 2021-07-27 | 2021-08-13 | 2021-08-27 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for WAL — it's generated by the pipeline (
market-narrative step).
No community reviews yet for WAL.
Be the first — hit How to Contribute, have any AI review this page, and paste its take back here.
My Notes
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.369 · ed375950 · 2026-07-02 14:37:41