A Business at a Glance
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Table of Contents Organization Structure and Description of Services WAL is a bank holding company headquartered in Phoenix, Arizona, incorporated under the laws of the state of Delaware. WAL provides a full spectrum of customized loan, deposit, and treasury management capabilities, including funds transfer and other digital payment offerings through its wholly-owned banking subsidiary, WAB. Effective as of October 4, 2025, the Company completed its brand unity initiative, consolidating its legacy division bank brands: ABA, BON, FIB, Bridge, and TPB, under a single unified name, Western Alliance Bank. The Company also serves business customers through a national platform of specialized financial services, including mortgage banking services through AmeriHome and digital payment services for the class action legal industry.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 5.4B | 5.4B | 5.1B | 4.3B | 3.0B | 2.1B |
| Net Income | 956M | 956M | 775M | 710M | 1.0B | 896M |
| EPS | $8.73 | $8.73 | $7.09 | $6.54 | $9.70 | $8.67 |
| Free Cash Flow | -2.8B | -2.8B | -2.8B | -443M | 2.1B | 2.6B |
| ROIC | 10.6% | 10.5% | 9.9% | 10.8% | 16.8% | 19.6% |
| Gross Margin | 67.2% | 67.2% | 65.7% | 59.2% | 82.3% | 93.7% |
| Debt/Equity | 0.68 | 0.68 | 0.83 | 1.19 | 1.18 | 0.30 |
| Dividends/Share | $0.00 | $1.56 | $1.49 | $1.45 | $1.42 | $1.20 |
| Operating Income | 1.2B | 1.2B | 991M | 934M | 1.3B | 1.1B |
| Operating Margin | 22.5% | 22.5% | 19.5% | 21.6% | 43.6% | 54.4% |
| ROE | 12.5% | 13.3% | 12.1% | 12.4% | 20.2% | 21.4% |
| Shares Outstanding | 110M | 110M | 109M | 109M | 108M | 103M |
WESTERN ALLIANCE BANCORPORATION passes 6 of 9 quality checks, suggesting mixed fundamentals.
WESTERN ALLIANCE BANCORPORATION trades at 8.9x trailing earnings, compared to its 15-year median P/E of 10.6x, suggesting it is currently Fair relative to its historical range. The company's 5-year average ROIC is 13.5% with a gross margin of 73.6%. Total shareholder yield (dividends + buybacks) is 2.8%. At current prices, the estimated annualized return to fair value is +26.7%.
WESTERN ALLIANCE BANCORPORATION (WAL) has a current P/E ratio of 8.9, compared to its historical median P/E of 10.6. The stock is currently considered Fair based on its historical valuation range.
WESTERN ALLIANCE BANCORPORATION (WAL) has a 5-year average return on invested capital (ROIC) of 13.5%. This indicates solid capital allocation.
WESTERN ALLIANCE BANCORPORATION (WAL) has a market capitalization of $8.5B. It is classified as a mid-cap stock.
Yes, WESTERN ALLIANCE BANCORPORATION (WAL) pays a dividend with a trailing twelve-month yield of 2.01%. The company also returns capital through share buybacks, with a buyback yield of 0.80%.
Based on historical P/E analysis, WESTERN ALLIANCE BANCORPORATION (WAL) appears fair. The current P/E of 8.9 is 16% below its historical median of 10.6. The estimated fair value CAGR (P/E method) is 10.4%.
WESTERN ALLIANCE BANCORPORATION (WAL) operates in the State Commercial Banks industry, within the Financials sector.
WESTERN ALLIANCE BANCORPORATION (WAL) reported annual revenue of $5.4 billion in its most recent fiscal year, based on SEC EDGAR filings.
WESTERN ALLIANCE BANCORPORATION (WAL) has a net profit margin of 17.8%. This is a healthy margin.
WESTERN ALLIANCE BANCORPORATION (WAL) generated $-2.8 billion in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
WESTERN ALLIANCE BANCORPORATION (WAL) has a debt-to-equity ratio of 0.68. This indicates moderate leverage.
WESTERN ALLIANCE BANCORPORATION (WAL) reported earnings per share (EPS) of $8.73 in its most recent fiscal year.
WESTERN ALLIANCE BANCORPORATION (WAL) has a return on equity (ROE) of 13.3%. This indicates moderate shareholder returns.
WESTERN ALLIANCE BANCORPORATION (WAL) has a 5-year average gross margin of 73.6%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 17 years of financial data for WESTERN ALLIANCE BANCORPORATION (WAL), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
WESTERN ALLIANCE BANCORPORATION (WAL) has a book value per share of $69.87, based on its most recent annual SEC filing.