WAL - NYSE

Western Alliance Bancorporation

WAL·NYSE

$77.75

-0.41%

Financial ServicesBanks - Regional

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 in Commercial, Consumer Related, and Corporate & Other segments. The company offers deposit products, including checking, savings, and money market accounts, as well as fixed-rate and fixed maturity certificates of deposit accounts; and treasury management and residential mortgage products and services. It also offers 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 multi-family residential properties, professional offices, industrial facilities, retail centers, hotels, and other commercial properties; construction and land development loans for single family and multi-family residential projects, industrial/warehouse properties, office buildings, retail centers, medical office facilities, and residential lot developments; and consumer loans. In addition, the company provides other financial services, such as internet banking, wire transfers, electronic bill payment and presentment, lock box services, courier, and cash management services. Further, it 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 holds certain real estate loans and related securities. The company operates 36 branch locations, as well as loan production offices. Western Alliance Bancorporation was founded in 1994 and is headquartered in Phoenix, Arizona.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$8.49B

EPS8.7900

P/E Ratio8.85

Earnings Date07/16/2026

92.77B

Assets

15%

3Y+37.0%

5Y+154.0%

10Y+439.0%

84.83B

Total Liabilities

14%

3Y+36.0%

5Y+157.0%

10Y+454.0%

7.95B

Total Equity

18%

3Y+48.0%

5Y+133.0%

10Y+320.0%

Western Alliance Bancorporation Funding & Solvency Profile

WAL · NYSE

Current Assets

Cash & Cash Equivalents3.60B

Net Receivables473.00M

Inventory0.00

Other Current Assets-473.00M

Total Current Assets24 B

Non-Current Assets

Property, Plant & Equipment573.00M

Goodwill & Intangible Assets2.14B

Long-Term Investments72.38B

Other Non-Current Assets-73.88B

Total Non-Current Assets-921000000

Total Assets

92.77B

Financial Health Analysis

Current Ratio

0.56x

Warning: Liquidity concerns. Current assets may not be sufficient to cover short-term obligations.

Debt-to-Equity Ratio

10.68x

High financial leverage. Heavy reliance on debt may indicate increased financial risk and potential solvency concerns.

Working Capital

-18735000000

Negative working capital indicates short-term liabilities exceed short-term assets—potential liquidity stress.

Asset Composition

26% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

Financial Health Insight

Financial stress indicators: Both liquidity and leverage metrics raise concerns. The company may face challenges meeting obligations and should focus on strengthening its balance sheet.

Western Alliance Bancorporation Balance Sheet

WAL • NYSE

Western Alliance Bancorporation Balance Sheet	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009	Dec 2008	Dec 2007	Dec 2006
ASSETS
CURRENT ASSETS
Cash and Cash Equivalents	3.6B	4.1B	1.6B	1B	516M	2.7B	434.6M	498.6M	416.8M	284.5M	224.6M	164.4M	305.5M	204.6M	155M	215.8M	393.4M	139.3M	104.7M	264.9M
Short-Term Investments	20.4B	4.4B	11.2B	7.1B	6.2B	4.7B	3.3B	3.3B	3.5B	2.6B	2B	1.5B	1.4B	939.6M	1.2B	0.0	0.0	0.0	0.0	0.0
Cash & Short-Term Investments	24B	8.5B	12.7B	8.1B	6.7B	7.4B	3.8B	3.8B	3.9B	2.9B	2.2B	1.7B	1.7B	1.1B	1.4B	215.8M	393.4M	140M	104.7M	264.9M
Net Receivables	473M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	509K	48.4M	22.3M	17.4M
Accounts Receivables	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	509K	0.0	22.3M	17.4M
Other Receivables	473M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	48.4M	0.0	0.0
Prepaids	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	5.9M	4.8M	12M	16.5M	24.7M	35.3M	3.8M	0.0	0.0
Other Current Assets	-473M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Total Current Assets	24B	8.5B	12.7B	8.1B	6.7B	7.4B	3.8B	3.8B	3.9B	2.9B	2.2B	1.7B	1.7B	1.2B	1.4B	240.6M	429.2M	192.1M	127M	282.3M
NON-CURRENT ASSETS
Property, Plant, and Equipment (Net)	573M	489M	484M	439M	315M	206.6M	198.4M	119.5M	118.7M	119.8M	118.5M	113.8M	105.6M	107.9M	105.5M	114.4M	125.9M	140.9M	143.4M	99.9M
Goodwill	527M	527M	527M	527M	491M	289.9M	289.9M	289.9M	289.9M	290M	289.6M	23.2M	23.2M	23.2M	25.9M	25.9M	0.0	0.0	0.0	132.2M
Intangible Assets	1.6B	1.3B	1.3B	1.3B	841M	8.6M	7.7M	9.3M	10.9M	12.9M	15.7M	2.7M	4.2M	6.5M	9.8M	13.4M	509K	48.4M	22.3M	16M
Goodwill & Intangible Assets	2.1B	1.8B	1.8B	1.8B	1.3B	298.5M	297.6M	299.2M	300.7M	302.9M	305.4M	25.9M	27.4M	29.8M	35.7M	39.3M	43.1M	100M	242.2M	148.2M
Long-Term Investments	72.4B	66.9B	53.5B	54.8B	46.4B	27.9B	22.4B	18.7B	15.7B	13.6B	11B	8.3B	7B	5.9B	5B	5.4B	4.8B	4.6B	4.3B	3.5B
Tax Assets	0.0	281M	287M	311M	21M	31.3M	18M	32M	5.8M	95.2M	86.4M	62.7M	80.7M	51.8M	61.7M	79.9M	69M	34.4M	0.0	8M
Other Non-Current Assets	-73.9B	3B	2.1B	2.2B	1.3B	635.4M	128.9M	168.1M	244.6M	237.4M	538.5M	417.2M	422.7M	366M	298.6M	317.6M	263M	148.7M	183.6M	119.2M
Total Non-Current Assets	1.2B	72.4B	58.1B	59.6B	49.3B	29.1B	23B	19.3B	16.4B	14.3B	12.1B	8.9B	7.6B	6.5B	5.5B	5.9B	5.3B	5.1B	4.9B	3.9B
Other Assets	67.5B	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Total Assets	92.8B	80.9B	70.9B	67.7B	56B	36.5B	26.8B	23.1B	20.3B	17.2B	14.3B	10.6B	9.3B	7.6B	6.8B	6.2B	5.8B	5.2B	5B	4.2B
LIABILITIES
CURRENT LIABILITIES
Total Payables	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	33.8M	25.6M	19.1M
Accounts Payable	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	33.8M	25.6M	19.1M
Short Term Debt	3.9B	3.2B	6.8B	5B	727M	21M	16.7M	513.4M	416M	121.7M	188.2M	235.1M	100.1M	199M	401.9M	182.4M	252.6M	907.1M	764.3M	341.3M
Other Current Liabilities	38.9B	66.3B	55.3B	53.6B	47.6B	31.9B	22.8B	19.2B	17B	14.5B	12B	8.9B	7.8B	6.5B	5.7B	5.3B	4.7B	3.7B	3.5B	3.4B
Total Current Liabilities	42.8B	69.5B	62.1B	58.6B	48.3B	32B	22.8B	19.7B	17.4B	14.7B	12.2B	9.2B	7.9B	6.7B	6.1B	5.5B	5B	4.6B	4.3B	3.8B
NON-CURRENT LIABILITIES
Long Term Debt	2.5B	3.3B	1.3B	2.2B	1.7B	548.7M	393.6M	360.5M	376.9M	367.9M	210.3M	250.5M	354M	109.9M	112M	116M	102.4M	154M	177.6M	170.9M
Other Non-Current Liabilities	78.5B	1.3B	1.1B	1.4B	867M	467.4M	520.3M	444.4M	333.9M	269.8M	254.5M	182.9M	159.5M	98.9M	35.4M	-45.1M	100.4M	0.0	0.0	-170.7M
Total Non-Current Liabilities	42.1B	4.7B	2.7B	3.7B	2.7B	1.1B	992M	804.9M	710.8M	637.7M	464.8M	433.5M	513.5M	208.8M	147.4M	70.9M	202.8M	154M	177.6M	212K
Capital Lease Obligations	128M	159M	179M	185M	143M	79.9M	78.1M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Total Liabilities	84.8B	74.2B	64.8B	62.4B	51B	33B	23.8B	20.5B	18.1B	15.3B	12.7B	9.6B	8.5B	6.9B	6.2B	5.6B	5.2B	4.7B	4.5B	3.8B
SHAREHOLDERS' EQUITY
Treasury Stock	-137M	-125M	-116M	-105M	-86.8M	-71.1M	-62.7M	-53.1M	-40.2M	-26.4M	-16.9M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Preferred Stock	295M	295M	295M	295M	294.5M	0.0	0.0	0.0	0.0	0.0	0.0	70.5M	141M	141M	141M	130.8M	127.9M	125.2M	0.0	0.0
Common Stock	2.1B	2.2B	2.2B	2.2B	2B	0.0	1.4B	10K	10K	10K	10K	9K	9K	9K	8K	8K	7K	4K	3K	3K
Additional Paid-In Capital	0.0	0.0	0.0	0.0	0.0	1.4B	1.4B	1.4B	1.4B	1.4B	1.3B	828.3M	797.1M	784.9M	743.8M	739.6M	684.1M	484.2M	378M	287.6M
Retained Earnings	5.6B	4.8B	4.2B	3.7B	2.8B	2B	1.7B	1.3B	848.5M	522.4M	262.6M	85.5M	-61.1M	-174.5M	-243.5M	-258.8M	-241.7M	-85.4M	152.3M	126.2M
Accumulated Other Comprehensive Income/Loss	-344M	-534M	-513M	-661M	15.7M	92.3M	-1.3B	-33.6M	-3.1M	-4.7M	22.3M	16.6M	-21.5M	8.2M	-4.6M	-9.4M	5.4M	-28.5M	-28.7M	-5.1M
Other Total Stockholders' Equity	158M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Total Stockholders' Equity	7.7B	6.7B	6.1B	5.4B	5B	3.4B	3B	2.6B	2.2B	1.9B	1.6B	1B	855.5M	759.6M	636.7M	602.2M	575.7M	495.5M	501.5M	408.6M
Total Equity	7.9B	6.7B	6.1B	5.4B	5B	3.4B	3B	2.6B	2.2B	1.9B	1.6B	1B	855.5M	759.6M	636.7M	602.2M	575.7M	495.5M	501.6M	408.6M
Minority Interest	293M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	110K	0.0
SUMMARY
Total Liabilities & Equity	92.8B	80.9B	70.9B	67.7B	56B	36.5B	26.8B	23.1B	20.3B	17.2B	14.3B	10.6B	9.3B	7.6B	6.8B	6.2B	5.8B	5.2B	5B	4.2B
Total Investments	82.7B	71.3B	64.6B	61.9B	52.5B	32.6B	25.7B	22B	19.2B	16.2B	13B	9.8B	8.4B	6.9B	6.2B	5.4B	4.8B	4.6B	4.3B	3.5B
Total Debt	6.5B	6.6B	8.3B	7.4B	2.5B	649.6M	488.4M	873.9M	792.9M	489.7M	398.5M	485.6M	454.1M	309M	513.9M	298.4M	355.1M	1.1B	942M	512.2M
Net Debt	2.9B	2.5B	6.7B	6.3B	2B	-2B	53.8M	375.3M	376.2M	205.2M	173.8M	321.2M	148.6M	104.3M	358.9M	82.5M	-38.3M	921.9M	837.3M	247.3M
Shares Outstanding	110,053,667	110,053,667	110,053,667	110,053,667	110,053,667	110,053,667	110,053,667	110,053,667	110,053,667	110,053,667	110,053,667	110,053,667	110,053,667	110,053,667	110,053,667	110,053,667	110,053,667	110,053,667	110,053,667	110,053,667

SEC Filings

WAL - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
8-K 8-K 2026 N/A	May 12, 2026	May 12, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 12, 2026	May 08, 2026	2026	View Filing
10-Q 10-Q 2026 Q1 Q1	May 11, 2026	March 31, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 30, 2026	April 30, 2026	2026	View Filing
DEF 14A DEF 14A 2026 N/A	April 22, 2026	June 10, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 21, 2026	April 21, 2026	2026	View Filing
8-K 8-K 2026 N/A	March 06, 2026	March 02, 2026	2026	View Filing
10-K 10-K 2025 FY FY	February 23, 2026	December 31, 2025	2025	View Filing
8-K 8-K 2026 N/A	February 20, 2026	February 20, 2026	2026	View Filing
8-K 8-K 2026 N/A	February 05, 2026	February 05, 2026	2026	View Filing

Showing 1 to 10 of 407 filings

Related Guides

Blog Categories

Continue your WAL research with focused valuation guides.

Fundamentals

Decode statement quality and operating durability.

Accounting

Interpret line items with cleaner analytical framing.

Forecasting

Translate historical performance into forward scenarios.

Reference

Use practical frameworks for statement-led valuation.

Research Paths

Pick your next lens

Snapshot

Start with context, operating signals, and key market metrics.

Value Model

Stress test fair value across bear, base, and bull assumptions.

Statements

Validate revenue quality, margins, and balance sheet durability.

Earnings Call

Read management commentary and compare it with reported outcomes.

Dividends

Check payout sustainability and long-term distribution behavior.

Analyst Expectations

Review consensus spread and where estimate risk is concentrated.