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WAL

Western Alliance Bancorporation

WAL

Western Alliance Bancorporation • NYSE
$81.53 ▲ 0.53% (+0.43)
Market Cap $8.97 B
52w High $95.00
52w Low $57.05
Dividend Yield 1.56%
P/E 10.08
Volume 291.28K
Outstanding Shares 110.05M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $1.226B ▼ $544.4M ▲ $253.4M ▲ 20.677% ▲ $2.3 ▲ $321.8M ▼
Q2-2025 $1.303B ▲ $514.7M ▲ $230.4M ▲ 17.686% ▲ $2.07 ▲ $323.6M ▲
Q1-2025 $1.223B ▼ $500.4M ▼ $199.1M ▼ 16.28% ▼ $1.79 ▼ $277.4M ▼
Q4-2024 $1.308B ▼ $519M ▼ $216.9M ▲ 16.586% ▲ $1.97 ▲ $295.3M ▲
Q3-2024 $1.326B $537.4M $199.8M 15.068% $1.81 $280.5M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $5.756B ▲ $90.97B ▲ $83.28B ▲ $7.397B ▲
Q2-2025 $4.421B ▼ $86.725B ▲ $79.318B ▲ $7.114B ▲
Q1-2025 $7.011B ▼ $83.043B ▲ $75.828B ▲ $6.922B ▲
Q4-2024 $8.533B ▲ $80.934B ▲ $74.227B ▲ $6.707B ▲
Q3-2024 $7.673B $80.08B $73.403B $6.677B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $253.4M ▲ $-597.4M ▼ $-602.8M ▲ $4.183B ▲ $2.99B ▲ $-625.6M ▼
Q2-2025 $237.8M ▲ $-357.7M ▲ $-3.962B ▼ $3.808B ▲ $-512.1M ▲ $-378.8M ▲
Q1-2025 $199.1M ▼ $-1.654B ▼ $-1.593B ▼ $2.43B ▲ $-816.8M ▼ $-1.671B ▼
Q4-2024 $216.9M ▲ $-621.7M ▲ $587.2M ▲ $1.538B ▲ $1.504B ▲ $-648.4M ▲
Q3-2024 $199.8M $-1.068B $-394.9M $-22.5M $-1.485B $-1.09B

Revenue by Products

Product Q1-2021Q2-2021Q3-2021Q3-2025
Commercial Segment
Commercial Segment
 $10.00M ▲$10.00M ▲$10.00M ▲$140.00M ▲
Consumer Related Segment
Consumer Related Segment
 $0 ▲$0 ▲$0 ▲$320.00M ▲
Corporate And Other Segment
Corporate And Other Segment
 $0 ▲$0 ▲$0 ▲$-110.00M ▼

Five-Year Company Overview

Income Statement

Income Statement Western Alliance has grown its revenue steadily over the past five years, showing that its core banking and fee businesses are expanding at a healthy pace. However, profit quality has been bumpier. Earnings rose strongly through 2022, then fell in 2023 and only partially recovered in 2024. This suggests that higher funding costs, credit provisions, or other operating expenses have taken some of the shine off the growth story. The business is clearly larger and more productive than it was a few years ago, but margins and profit per share are still below the prior peak, which is a key watch point for future cycles.

Balance Sheet

Balance Sheet The balance sheet has expanded significantly, reflecting rapid growth in loans and other earning assets. Capital has been built up over time, which supports resilience, but overall leverage is higher than it was earlier in the period, as is typical for a fast-growing regional bank. Liquidity has improved recently, with a much stronger cash position than in prior years and a modest reduction in borrowings after a run-up earlier in the decade. The picture is of a growth-oriented bank that has consciously strengthened its funding and capital profile after a period of industry stress, but still carries the usual sensitivity to credit quality and interest-rate conditions.

Cash Flow

Cash Flow Cash flows have been very volatile, swinging between large inflows and outflows. Recent years show sizable negative operating and free cash flow as the bank has grown its balance sheet and shifted funding, which is not unusual for a bank but does signal active repositioning of loans, deposits, and investments. Capital spending is small and stable, so the swings are really about core banking activity, not big physical investments. Investors typically focus less on traditional cash flow metrics for banks and more on asset quality, funding mix, and capital ratios, all of which matter more than the headline cash flow volatility here.

Competitive Edge

Competitive Edge Western Alliance occupies a differentiated niche within the regional banking space. Rather than trying to be a generic mass-market bank, it focuses on specialized sectors such as technology companies, healthcare businesses, law firms, commercial real estate, and homeowners associations, where it has deep expertise and strong relationships. This specialization creates a degree of stickiness and pricing power, especially in areas like HOA banking and legal settlement services where it has leading positions. At the same time, this focus concentrates exposure in certain industries and commercial clients, which can be more sensitive to credit cycles and interest rates than a broad retail deposit base. The competitive strength lies in expertise and service, with the trade-off of higher reliance on more sophisticated, potentially rate-sensitive customers.

Innovation and R&D

Innovation and R&D For a regional bank, Western Alliance is unusually active on the innovation front. It has invested in a dedicated technology hub, cloud-based systems, AI-enabled tools, and strong cybersecurity frameworks. The bank makes strategic use of fintech partnerships and targeted acquisitions, such as blockchain-based real-time payment solutions and a digital disbursement platform for the legal industry. These moves support fee income, deepen client integration, and help the bank scale nationally in certain niches. Looking ahead, its efforts around national digital banking, high-yield savings offerings, and possible digital asset-related services could broaden its funding base and product set, though they also introduce execution and regulatory complexity that will need careful management.

Summary

Overall, Western Alliance looks like a fast-growing, niche-focused regional bank that has successfully scaled its franchise but is managing through a tougher profitability environment than it enjoyed earlier in the decade. Revenue and balance sheet growth have been strong, and capital and liquidity are in better shape recently, but earnings power per share has not yet returned to prior highs. Its competitive edge comes from specialization and technology-enabled services in targeted industries, rather than from branch density or mass retail banking. Innovation and partnerships are clear strengths and differentiators, yet they add execution and risk-management demands. Future performance will likely hinge on the bank’s ability to balance growth with disciplined credit, stable funding, and continued smart use of technology without overextending in any single sector or product line.

NEWS

November 29, 2025 · 10:40 AM UTC

ROSEN, NATIONAL TRIAL LAWYERS, Encourages Western Alliance Bancorporation Investors with Losses in Excess of $100K to Inquire About Securities Class Action Investigation - WAL

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November 28, 2025 · 9:35 AM UTC

ROSEN, A GLOBALLY RESPECTED LAW FIRM, Encourages Western Alliance Bancorporation Investors to Inquire About Securities Class Action Investigation - WAL

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November 27, 2025 · 11:07 AM UTC

WAL Investor News: If You Have Suffered Losses in Western Alliance Bancorporation (NYSE: WAL), You Are Encouraged to Contact The Rosen Law Firm About Your Rights

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November 26, 2025 · 1:32 PM UTC

Rosen Law Firm Encourages Western Alliance Bancorporation Investors to Inquire About Securities Class Action Investigation - WAL

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November 25, 2025 · 5:51 PM UTC

ROSEN, LEADING INVESTOR COUNSEL, Encourages Western Alliance Bancorporation Investors to Inquire About Securities Class Action Investigation - WAL

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