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Western Alliance Bancorporation

Western Alliance Bancorporation

WAL · NYSE · Financial Services / Banks - Regional

74.79USD+0.40 (+0.54%)

Price History

Full chart

Market Stats

Previous Close74.39
Open74.86
Day Range74.00 – 75.00
52-Week Range65.11 – 95.75
Volume496.90K
Market Cap8.35B
P/E (TTM)8.76
Forward P/E6.57
EPS8.74
Dividend Yield2.16%
Beta1.32
50-Day Avg80.18
200-Day Avg81.30

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.

Company Details

Leadership

  • Mr. Kenneth A. VecchioneChairman, President & CEO · b. 1954
  • Mr. Timothy W. BootheChief Administration Officer · b. 1966
  • Mr. Dale M. Gibbons CPAVice Chairman and Chief Banking Officer, Deposit Initiatives & Innovation · b. 1960
  • Mr. Timothy R. BrucknerChief Banking Officer For Regional Banking · b. 1968
  • Mr. Vishal IdnaniChief Financial Officer · b. 1986
  • Mr. Ben MuchaChief Accounting Officer · b. 1972
  • Paulina WooSenior Director of Treasury Management, Corporate Finance, Public & Non-profit Finance
  • Mr. Sonny SonnensteinChief Information Officer
  • Mr. Miles PondelikDirector of Investor Relations & Corporate Development
  • Ms. Jessica H. JarviChief Legal Officer & Corporate Secretary · b. 1977

Financials

Income Statement

Currency: USD2001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue3.44M5.52M58.09M99.58M147.05M102.39M328.36M335.38M324.24M284.49M294.99M334.14M372.58M440.04M550.60M738.61M882.91M1.07B1.29B1.33B1.84B2.30B2.13B5.02B5.28B
Growth (%)-+60.66%+952.03%+71.42%+47.67%-30.37%+220.69%+2.14%-3.32%-12.26%+3.69%+13.27%+11.50%+18.11%+25.12%+34.15%+19.54%+20.93%+20.47%+3.72%+38.21%+24.58%-7.44%+135.91%+5.17%
Cost of Revenue-11.36M17.94M23.63M38.75M88.96M146.19M168.87M222.83M142.47M85.11M74.88M42.98M36.21M35.77M51.29M78.10M142.60M203.90M218.50M53.50M55.50M430.70M2.07B2.05B
Gross Profit3.44M5.52M40.15M75.95M108.30M13.43M182.17M166.50M101.41M142.02M209.88M259.26M329.60M403.83M514.83M687.32M804.81M925.10M1.08B1.12B1.84B2.30B1.70B2.95B3.22B
Gross Margin100.00%100.00%69.11%76.27%73.65%13.12%55.48%49.65%31.28%49.92%71.15%77.59%88.46%91.77%93.50%93.06%91.15%86.64%84.15%83.62%100.00%100.00%79.74%58.77%61.10%
Operating Expense--16.89M27.29M44.93M64.86M-48.04M133.78M457.13M286.76M152.60M159.54M158.20M183.94M206.33M256.29M326.14M352.99M414.80M478.20M493.10M720.90M484.50M830.40M1.96B2.02B
Operating Income-22.41M12.86M31.02M43.44M61.48M48.39M-290.63M-185.35M-10.58M50.34M101.06M145.66M197.50M258.54M361.18M451.82M510.30M604.20M622.50M1.12B1.81B865.20M991.20M1.21B
Operating Margin-405.92%22.14%31.15%29.54%60.04%14.74%-86.66%-57.16%-3.72%17.06%30.25%39.09%44.88%46.96%48.90%51.17%47.79%46.97%46.66%60.90%78.91%40.69%19.76%22.88%
EBITDA18.09M22.41M17.60M37.34M48.44M68.14M61.17M-277.75M-169.86M3.51M60.96M104.32M148.04M198.96M267.00M373.67M465.21M524.60M633.20M657.10M1.17B1.39B1.02B1.11B1.34B
EBITDA Margin526.45%405.92%30.30%37.50%32.94%66.55%18.63%-82.82%-52.39%1.23%20.67%31.22%39.73%45.21%48.49%50.59%52.69%49.13%49.23%49.25%63.62%60.54%47.98%22.12%25.35%
Net Income5.95M8.41M8.69M20.06M28.07M39.89M32.88M-236.46M-151.41M-7.20M31.49M72.64M114.97M147.95M194.24M259.80M325.49M435.80M499.20M506.60M899.20M1.06B722.40M787.70M969.00M
Net Income Margin173.20%152.28%14.96%20.14%19.09%38.96%10.01%-70.51%-46.70%-2.53%10.68%21.74%30.86%33.62%35.28%35.17%36.87%40.82%38.81%37.97%48.77%46.03%33.97%15.70%18.37%
R&D----------00000000-------
R&D as % of Total Revenue----------0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%-------
Interest Expense9.14M9.77M12.80M19.72M32.57M84.30M125.93M100.68M73.73M49.26M38.92M28.03M29.76M31.49M32.57M43.29M60.85M117.60M184.60M94.90M109.90M475.50M1.70B1.92B1.83B
Interest Expense % of Total Revenue265.93%176.95%22.03%19.80%22.15%82.33%38.35%30.02%22.74%17.32%13.19%8.39%7.99%7.16%5.92%5.86%6.89%11.01%14.35%7.11%5.96%20.70%79.78%38.32%34.65%

Balance Sheet

Currency: USD2001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets-872.07M1.58B2.18B2.86B4.17B5.02B5.24B5.75B6.19B6.84B7.62B9.31B10.60B14.28B17.20B20.33B23.11B26.82B36.46B55.98B67.73B70.86B80.93B92.77B
Total Liabilities-804.63M1.48B2.04B2.61B3.76B4.51B4.75B5.18B5.59B6.21B6.86B8.45B9.60B12.68B15.31B18.10B20.50B23.81B33.05B51.02B62.38B64.78B74.23B84.83B
Total Equity-67.44M97.45M133.57M244.22M408.58M501.52M495.50M575.73M602.17M636.68M759.60M855.30M1.00B1.59B1.89B2.23B2.61B3.02B3.41B4.96B5.36B6.08B6.71B7.65B
Cash-159.68M61.89M92.28M111.15M264.88M104.65M139.29M393.36M215.83M155.00M204.60M305.20M164.40M224.64M284.49M416.80M498.57M434.60M2.67B516.00M1.04B1.58B4.10B3.60B
Total Debt--369.59M280.12M189.61M512.18M941.96M1.06B355.06M298.37M513.93M312.43M411.86M610.87M398.48M489.67M766.90M873.87M488.40M649.60M2.54B7.38B8.30B6.63B6.48B
Net Debt--159.68M307.70M187.84M78.46M247.30M837.30M921.87M-38.30M82.54M358.94M25.30M77.80M266.30M173.84M205.17M350.10M375.30M53.80M-2.02B2.02B6.33B6.73B2.54B2.88B

Cash Flow

Currency: USD2003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow12.70M27.27M34.36M43.76M54.76M81.00M74.75M300.00K142.28M19.00M58.43M38.35M220.41M280.64M383.81M540.97M717.77M670.20M-2.65B2.25B-328.60M-2.74B-2.68B
Investing Cash Flow-794.48M-565.23M-599.96M-426.22M-526.57M-520.76M-368.24M-710.29M-812.43M-15.35M-63.86M639.00K-1.37B-2.89B-2.96B-2.71B-3.72B-7.54B-14.71B-13.13B-2.16B-5.97B-9.96B
Financing Cash Flow688.01M587.45M624.54M473.00M322.57M464.08M550.36M529.90M608.20M-991.00K-3.15M-34.27M1.21B2.67B2.70B2.25B2.94B9.10B15.21B11.41B3.02B11.23B12.13B
Capital Expenditure7.07M13.90M22.76M35.17M35.87M6.79M6.79M33.78M023.00K481.00K617.00K10.86M10.57M8.86M1.90M35.15M26.80M69.40M141.00M114.30M83.80M114.30M
Free Cash Flow5.63M13.38M11.60M8.59M18.88M74.21M74.75M300.00K142.47M18.98M57.95M38.97M209.56M270.07M374.95M539.10M682.62M643.40M-2.72B2.10B-442.90M-2.83B-2.79B
Dividends Paid------6.83M7.00M7.03M3.79M1.41M1.39M750.00K051.30M51.33M51.33M101.30M127.60M166.20M171.50M176.80M184.80M
FCF to OCF44.31%49.04%33.77%19.63%34.48%91.61%100.00%100.00%100.13%99.88%99.18%101.61%95.07%96.23%97.69%99.65%95.10%96.00%102.61%93.72%134.78%103.06%104.27%
Dividend Paid to FCF------9.14%2333.33%4.94%19.99%2.43%3.56%0.36%0.00%13.68%9.52%7.52%15.74%-4.69%7.90%-38.72%-6.26%-6.62%

Earnings

Report DateJul 18, 2005Oct 26, 2005Jan 17, 2006Apr 18, 2006Jul 18, 2006Oct 17, 2006Jan 23, 2007Apr 23, 2007Jul 18, 2007Oct 18, 2007Jan 22, 2008Apr 22, 2008Jul 24, 2008Oct 24, 2008Jan 30, 2009Apr 23, 2009Jul 23, 2009Oct 26, 2009Jan 21, 2010Apr 22, 2010Jul 22, 2010Oct 21, 2010Jan 26, 2011Apr 25, 2011Jul 21, 2011Oct 17, 2011Jan 19, 2012Apr 19, 2012Jul 19, 2012Oct 18, 2012Jan 24, 2013Apr 18, 2013Jul 18, 2013Oct 17, 2013Jan 23, 2014Apr 21, 2014Jul 17, 2014Oct 16, 2014Jan 22, 2015Apr 20, 2015Jul 27, 2015Oct 15, 2015Jan 21, 2016Apr 21, 2016Jul 21, 2016Oct 24, 2016Jan 26, 2017Apr 20, 2017Jul 20, 2017Oct 19, 2017Jan 25, 2018Apr 19, 2018Jul 19, 2018Oct 18, 2018Jan 24, 2019Apr 22, 2019Jul 18, 2019Oct 17, 2019Jan 23, 2020Apr 16, 2020Jul 16, 2020Oct 22, 2020Jan 21, 2021Apr 15, 2021Jul 15, 2021Oct 21, 2021Jan 27, 2022Apr 21, 2022Jul 21, 2022Oct 20, 2022Jan 24, 2023Apr 18, 2023Jul 18, 2023Oct 19, 2023Jan 25, 2024Apr 18, 2024Jul 18, 2024Oct 17, 2024Jan 27, 2025Apr 21, 2025Jul 17, 2025Oct 21, 2025Jan 26, 2026Apr 21, 2026Jul 21, 2026Oct 20, 2026
EPS Estimate-0.300.320.330.370.410.410.400.280.360.090.210.140.10-0.36-0.28-0.17-0.21-0.32-0.21-0.09-0.01-0.02-0.010.040.060.100.120.130.180.200.210.270.320.340.340.370.390.430.430.450.470.550.560.610.650.670.690.730.780.820.930.981.031.071.091.161.191.211.110.761.041.341.471.862.252.322.052.302.612.662.031.951.911.911.671.701.891.911.782.012.072.381.362.332.43
EPS Actual0.320.310.340.330.390.420.410.390.250.350.080.180.060.16-0.32-0.23-0.31-0.34-0.41-0.02-0.05-0.01-0.140.040.050.050.080.120.160.190.220.240.300.330.340.350.410.450.450.450.450.580.570.600.620.660.700.700.760.790.850.971.001.041.141.131.181.241.250.900.851.311.891.902.292.302.342.232.392.422.672.301.961.841.181.721.701.701.881.761.992.152.591.252.22-
Surprise-3.33%6.25%0.00%5.41%2.44%0.00%-2.50%-10.71%-2.78%-11.11%-14.29%-57.14%60.00%11.11%17.86%-82.35%-61.90%-28.13%90.48%44.44%0.00%-600.00%500.00%25.00%-16.67%-20.00%0.00%23.08%5.56%10.00%14.29%11.11%3.13%0.00%2.94%10.81%15.38%4.65%4.65%0.00%23.40%3.64%7.14%1.64%1.54%4.48%1.45%4.11%1.28%3.66%4.30%2.04%0.97%6.54%3.67%1.72%4.20%3.31%-18.92%11.84%25.96%41.04%29.25%23.12%2.22%0.86%8.78%3.91%-7.28%0.38%13.30%0.51%-3.66%-38.22%2.99%0.00%-10.05%-1.57%-1.12%-0.99%3.86%8.82%-8.09%-4.72%-
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Key Statistics & Ratios

Market Cap8.35B
Enterprise Value9.89B
Trailing P/E8.76
Forward P/E6.57
PEG Ratio1.47
Price / Sales2.40
Price / Book1.09
EPS8.74
Book Value70.02
Revenue (TTM)3.49B
Gross Profit (TTM)3.49B
Profit Margin28.20%
Operating Margin39.36%
Return on Equity13.02%
Return on Assets1.09%
Shares Outstanding109.10M
Shares Float101.95M
Beta1.32
Dividend Yield2.16%
Dividend Rate1.68
Payout Ratio20.46%

Analyst Ratings

Buy
Based on 15 analystsTarget 92.63
  • Strong Buy
    7
  • Buy
    4
  • Hold
    4

Ownership Breakdown

Institutions
91.63%
Insiders
2.66%
Retail / Other
5.71%

Top Institutional Holders

  • BlackRock Inc
    10.98M10.06%
  • T. Rowe Price Associates, Inc.
    7.84M7.19%
  • Amvescap Plc.
    5.22M4.78%
  • Vanguard Portfolio Management, LLC
    5.21M4.78%
  • Vanguard Capital Management, LLC
    4.65M4.26%
  • Wellington Management Company LLP
    4.39M4.02%
  • State Street Corp
    4.20M3.85%
  • Dimensional Fund Advisors, Inc.
    4.02M3.69%
  • Davis Asset Management, L.P.
    3.34M3.06%
  • FMR Inc
    2.38M2.18%
  • Barrow Hanley Mewhinney & Strauss LLC
    2.12M1.94%
  • Geode Capital Management, LLC
    2.11M1.94%
  • BMO Capital Markets Corp.
    1.87M1.71%
  • Bank of Montreal
    1.81M1.66%
  • T. Rowe Price Investment Management,Inc.
    1.71M1.56%
  • Smead Capital Management Inc
    1.59M1.46%

Top Fund Holders

  • iShares Core S&P Mid-Cap ETF
    3.59M3.29%
  • Vanguard MStar Total Stk Mkt Idx Invest
    3.30M3.02%
  • Invesco Small Cap Value A
    2.60M2.38%
  • Vanguard Small Cap Index
    2.39M2.19%

Dividends

20264×
0.46Nov 12, 20260.42Aug 13, 20260.42May 14, 20260.42Feb 20, 2026
20254×
0.42Nov 13, 20250.38Aug 14, 20250.38May 15, 20250.38Feb 14, 2025
20244×
0.38Nov 15, 20240.37Aug 16, 20240.37May 15, 20240.37Feb 15, 2024
20234×
0.37Nov 16, 20230.36Aug 10, 20230.36May 11, 20230.36Feb 16, 2023
20224×
0.36Nov 17, 20220.36Aug 11, 20220.35May 12, 20220.35Feb 17, 2022
20214×
0.35Nov 18, 20210.35Aug 12, 20210.25May 13, 20210.25Feb 18, 2021