Western Alliance Bancorporation (NYSE:WAL)

Stock Price: $33.05

+1.8 (5.76%)

Updated Mar 24, 2023 08:00 PM GMT+0000

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Overview

Financials

Statistics

Profile

Chart

Market Cap	3.62B
Revenue	2.91B
Gross Profit	2.85B
Shares Out	109.61M
EPS (ttm)	9.71
PE Ratio	3.2795
Forward PE	3.1431
Dividend Rate (ttm)	1.4199
Dividend Yield	0.0454

Trading Day	Mar 24
Last Price	$33.05
Previous Close	$31.25
Change ($)	1.8
Change (%)	5.76%
Day's Open	30.05
Day's Range	29.27 - 33.42
Day's Volume	10.42M
52 Week Range	7.46 - 86.35

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About Western Alliance Bancorporation

With more than $30 billion in assets, Western Alliance Bancorporation is one of the country's top-performing banking companies. The company has ranked in the top 10 on the Forbes 'Best Banks in America' list for five consecutive years, 2016-2020, and was named #1 best-performing of the 50 largest public U.S.

banks for 2019 by S&P Global Market Intelligence. Its primary subsidiary, Western Alliance Bank, Member FDIC, helps business clients realize their ambitions with local teams of experienced bankers who deliver superior service and a full spectrum of customized loan, deposit and treasury management capabilities.

Business clients also benefit from a powerful array of specialized financial services that provide strong expertise and tailored solutions for a wide variety of industries and sectors. A national presence with a regional footprint, Western Alliance Bank operates individually branded, full-service banking divisions and has offices in key markets nationwide.

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Quick info

Country

United States

Industry

Commercial Banking

Sector

Finance and Insurance

Employees

3,139

CEO

Kenneth Vecchione

Address

1 E Washington St
Phoenix
Arizona
85004-2492

Phone

16023893500

Website

www.westernalliancebancorp.com

Ticker Symbol

WAL

Exchange

New York Stock Exchange

Reporting Currency

USD

Western Alliance Bancorporation income statements (2022) (USD)

	July 2022	July 2022	April 2022	February 2022
Total Revenue	684.60M	684.60M	597.40M	590M
Cost of Revenue	27.50M	27.50M	9M	13.20M
Gross Profit	657.10M	657.10M	588.40M	576.80M
Research & Development	0	0	0	0
Selling General & Admin	18.40M	18.40M	17.20M	22.70M
Operating Expense	351.30M	351.30M	292.10M	282.80M
Operating Income	333.30M	333.30M	305.30M	307.20M
Other Income Expense Net	0	0	0	0
EBIT	333.30M	333.30M	305.30M	307.20M
Interest Income	0	0	0	0
Pretax Income	323.60M	323.60M	298.20M	310M
Income Tax	63.40M	63.40M	58.10M	64M
Minority Interest	0	0	0	0
Net Income	257M	257M	236.90M	242.50M
Net Income Basic	257M	257M	236.90M	242.50M

Western Alliance Bancorporation income statements (2021) (USD)

	November 2021	July 2021	April 2021	February 2021
Total Revenue	583.10M	552.10M	355.30M	354.33M
Cost of Revenue	12.30M	-14.5M	-32.4M	-34.24M
Gross Profit	570.80M	566.60M	387.70M	388.57M
Research & Development	0	0	0	0
Selling General & Admin	13.30M	12.10M	9.20M	9.83M
Operating Expense	277.40M	264.90M	119.30M	114.92M
Operating Income	305.70M	287.20M	236M	239.42M
Other Income Expense Net	0	0	0	0
EBIT	305.70M	287.20M	236M	239.42M
Interest Income	0	0	0	0
Pretax Income	302.40M	276.20M	234.40M	240.57M
Income Tax	65.50M	52.40M	41.90M	66.57M
Minority Interest	0	0	0	0
Net Income	236.90M	223.80M	192.50M	193.60M
Net Income Basic	236.90M	223.80M	192.50M	193.60M

Western Alliance Bancorporation income statements (2020) (USD)

	October 2020	September 2020	June 2020	March 2020	March 2020
Total Revenue	319.57M	N.A	N.A	N.A	N.A
Cost of Revenue	14.66M	N.A	N.A	N.A	N.A
Gross Profit	304.91M	N.A	N.A	N.A	N.A
Research & Development	0	N.A	N.A	N.A	N.A
Selling General & Admin	10.27M	N.A	N.A	N.A	N.A
Operating Expense	158.74M	N.A	N.A	N.A	N.A
Operating Income	160.83M	N.A	N.A	N.A	N.A
Other Income Expense Net	0	N.A	N.A	N.A	N.A
EBIT	160.83M	N.A	N.A	N.A	N.A
Interest Income	0	7.89M	4.75M	5.28M	5.28M
Pretax Income	166.59M	166.59M	112.87M	102.47M	102.47M
Income Tax	30.82M	30.82M	19.60M	18.51M	18.51M
Minority Interest	0	0	0	0	0
Net Income	135.77M	135.77M	93.27M	83.96M	83.96M
Net Income Basic	135.77M	135.77M	93.27M	83.96M	83.96M

Western Alliance Bancorporation income statements (2019) (USD)

	December 2019	September 2019	June 2019	March 2019
Total Revenue	N.A	N.A	N.A	N.A
Cost of Revenue	N.A	N.A	N.A	N.A
Gross Profit	N.A	N.A	N.A	N.A
Research & Development	N.A	N.A	N.A	N.A
Selling General & Admin	N.A	N.A	N.A	N.A
Operating Expense	N.A	N.A	N.A	N.A
Operating Income	N.A	N.A	N.A	N.A
Other Income Expense Net	N.A	N.A	N.A	N.A
EBIT	N.A	N.A	N.A	N.A
Interest Income	5.52M	5.82M	6.04M	7.38M
Pretax Income	154.30M	155.91M	147.69M	146.33M
Income Tax	26.24M	28.53M	24.75M	25.54M
Minority Interest	0	0	0	0
Net Income	128.07M	127.38M	122.94M	120.80M
Net Income Basic	128.07M	127.38M	122.94M	120.80M

Western Alliance Bancorporation income statements (2018) (USD)

	December 2018	September 2018	June 2018	March 2018
Total Revenue	N.A	N.A	N.A	N.A
Cost of Revenue	N.A	N.A	N.A	N.A
Gross Profit	N.A	N.A	N.A	N.A
Research & Development	N.A	N.A	N.A	N.A
Selling General & Admin	N.A	N.A	N.A	N.A
Operating Expense	N.A	N.A	N.A	N.A
Operating Income	N.A	N.A	N.A	N.A
Other Income Expense Net	N.A	N.A	N.A	N.A
EBIT	N.A	N.A	N.A	N.A
Interest Income	7.28M	5.88M	7.63M	6.30M
Pretax Income	140M	118.62M	130M	121.71M
Income Tax	20.91M	7.49M	25.33M	20.81M
Minority Interest	0	0	0	0
Net Income	119.09M	111.12M	104.68M	100.90M
Net Income Basic	119.09M	111.12M	104.68M	100.90M

Western Alliance Bancorporation income statements (2017) (USD)

	December 2017	September 2017	June 2017
Total Revenue	N.A	N.A	N.A
Cost of Revenue	N.A	N.A	N.A
Gross Profit	N.A	N.A	N.A
Research & Development	N.A	N.A	N.A
Selling General & Admin	N.A	N.A	N.A
Operating Expense	N.A	N.A	N.A
Operating Income	N.A	N.A	N.A
Other Income Expense Net	N.A	N.A	N.A
EBIT	N.A	N.A	N.A
Interest Income	4.96M	4.79M	4.57M
Pretax Income	124.28M	117.76M	111.94M
Income Tax	34.97M	34.90M	31.96M
Minority Interest	0	0	0
Net Income	89.31M	82.86M	79.97M
Net Income Basic	89.31M	82.86M	79.97M

Western Alliance Bancorporation balance sheet (2022) (USD)

	July 2022	July 2022	April 2022	February 2022
Current Cash	0	0	0	0
Receivables	0	0	0	0
Inventory	0	0	0	0
Current Assets	62.36B	62.36B	57.13B	53.12B
Other Current Assets	0	0	0	698M
Short Term Investments	13.83B	13.83B	16B	14.13B
Long Term Investments	3.69B	3.69B	3.45B	2.86B
Property/Plant Equipment	210M	210M	196.30M	181.90M
Good Will	N.A	N.A	N.A	N.A
Intangible Assets	695M	695M	698.20M	634.80M
Tangible Assets (Net)	3.97B	3.97B	4.02B	4.03B
Other Assets	2.43B	2.43B	2.34B	1.89B
Total Assets	66.06B	66.06B	60.58B	55.98B
Accounts Payable	0	0	0	0
Other Current Liabilities	53.71B	53.71B	52.16B	47.61B
Total Current Liabilities	59.81B	59.81B	53.89B	50.01B
Total Liabilities	61.10B	61.10B	55.56B	51.02B
Long Term Debt	0	0	0	0
Current Long Term Debt	6.10B	6.10B	1.73B	2.40B
Minority Interest	0	0	0	0
Common Stock	107.30M	107.30M	106M	104M
Treasury Stock	-104M	-104M	-104.1M	-86.8M
Retained Earnings	3.19B	3.19B	2.97B	2.77B
Capital Surplus	N.A	N.A	N.A	N.A
Shareholder Equity	4.96B	4.96B	5.01B	4.96B
Other Liabilities	N.A	N.A	N.A	N.A

Western Alliance Bancorporation balance sheet (2021) (USD)

	November 2021	July 2021	April 2021	February 2021
Current Cash	0	0	0	0
Receivables	0	0	0	0
Inventory	0	0	0	0
Current Assets	50.12B	45.92B	42.12B	34.88B
Other Current Assets	0	0	0	0
Short Term Investments	15.27B	15.81B	13.44B	7.94B
Long Term Investments	2.65B	3.15B	1.28B	1.58B
Property/Plant Equipment	161.20M	150.20M	138.40M	134.10M
Good Will	N.A	N.A	N.A	N.A
Intangible Assets	608.40M	610.70M	298M	298.50M
Tangible Assets (Net)	3.61B	3.42B	3.41B	3.12B
Other Assets	1.77B	2.26B	713.90M	1.04B
Total Assets	52.78B	49.07B	43.40B	36.46B
Accounts Payable	0	0	0	0
Other Current Liabilities	45.28B	41.92B	38.41B	31.95B
Total Current Liabilities	47.35B	43.68B	38.96B	32.50B
Total Liabilities	48.26B	45.03B	39.68B	33.05B
Long Term Debt	0	0	0	0
Current Long Term Debt	2.07B	1.76B	548.70M	553.70M
Minority Interest	0	0	0	0
Common Stock	103.30M	102.70M	100.80M	99.83M
Treasury Stock	-85.9M	-84.2M	-84M	-71.1M
Retained Earnings	2.57B	2.37B	2.17B	2B
Capital Surplus	N.A	N.A	N.A	N.A
Shareholder Equity	4.51B	4.03B	3.71B	3.41B
Other Liabilities	N.A	N.A	N.A	N.A

Western Alliance Bancorporation balance sheet (2020) (USD)

	October 2020	September 2020	June 2020	March 2020	March 2020
Current Cash	0	N.A	N.A	N.A	N.A
Receivables	0	N.A	N.A	N.A	N.A
Inventory	0	N.A	N.A	N.A	N.A
Current Assets	32.17B	1.43B	1.52B	415.71M	415.71M
Other Current Assets	0	N.A	N.A	N.A	N.A
Short Term Investments	6.32B	N.A	N.A	N.A	N.A
Long Term Investments	1.16B	4.72B	1.86B	355.83M	355.83M
Property/Plant Equipment	128.26M	199.70M	198.15M	198.23M	198.23M
Good Will	N.A	N.A	N.A	N.A	N.A
Intangible Assets	298.99M	N.A	296.86M	297.23M	297.23M
Tangible Assets (Net)	2.93B	3.22B	3.10B	3B	3B
Other Assets	619.43M	1B	501.63M	0.93B	0.93B
Total Assets	33.34B	33.34B	31.91B	29.16B	29.16B
Accounts Payable	0	N.A	N.A	N.A	N.A
Other Current Liabilities	28.94B	16.57B	N.A	N.A	N.A
Total Current Liabilities	29.57B	16.59B	25.44M	330.98M	330.98M
Total Liabilities	30.11B	30.11B	28.79B	26.16B	26.16B
Long Term Debt	0	707.40M	694.63M	468.63M	468.63M
Current Long Term Debt	628.77M	N.A	N.A	N.A	N.A
Minority Interest	0	0	0	0	0
Common Stock	1.38B	100.83M	100.85M	101.15M	101.15M
Treasury Stock	-71.1M	N.A	70.58M	70.19M	70.19M
Retained Earnings	1.83B	1.83B	1.72B	1.66B	1.66B
Capital Surplus	N.A	N.A	1.38B	1.37B	1.37B
Shareholder Equity	3.22B	3.22B	3.10B	3B	3B
Other Liabilities	N.A	N.A	N.A	N.A	N.A

Western Alliance Bancorporation balance sheet (2019) (USD)

	December 2019	September 2019	June 2019	March 2019
Current Cash	N.A	N.A	N.A	N.A
Receivables	N.A	N.A	N.A	N.A
Inventory	N.A	N.A	N.A	N.A
Current Assets	448.45M	887.54M	1.09B	803.32M
Other Current Assets	N.A	N.A	N.A	N.A
Short Term Investments	N.A	N.A	N.A	N.A
Long Term Investments	270.42M	649.54M	796.81M	335.28M
Property/Plant Equipment	198.40M	199.61M	194.17M	192.67M
Good Will	N.A	N.A	N.A	N.A
Intangible Assets	7.71M	8.10M	8.49M	N.A
Tangible Assets (Net)	2.42B	2.63B	2.56B	2.42B
Other Assets	457.98M	460.92M	445.98M	442.65M
Total Assets	26.90B	26.32B	25.31B	23.79B
Accounts Payable	N.A	N.A	N.A	N.A
Other Current Liabilities	20.41B	22.44B	21.43B	20.20B
Total Current Liabilities	20.44B	22.46B	21.45B	20.22B
Total Liabilities	23.88B	23.40B	22.46B	21.07B
Long Term Debt	459.31M	465.64M	457.41M	442.65M
Current Long Term Debt	N.A	N.A	N.A	N.A
Minority Interest	0	0	0	0
Common Stock	102.52M	102.64M	103.65M	104.48M
Treasury Stock	62.73M	62.67M	61.13M	60.98M
Retained Earnings	1.68B	1.58B	1.51B	1.40B
Capital Surplus	1.37B	1.37B	1.37B	1.39B
Shareholder Equity	3.02B	2.92B	2.85B	2.72B
Other Liabilities	N.A	N.A	N.A	N.A

Western Alliance Bancorporation balance sheet (2018) (USD)

	December 2018	September 2018	June 2018	March 2018
Current Cash	N.A	N.A	N.A	N.A
Receivables	N.A	N.A	N.A	N.A
Inventory	N.A	N.A	N.A	N.A
Current Assets	516.50M	720.60M	534.36M	469.57M
Other Current Assets	N.A	N.A	N.A	N.A
Short Term Investments	N.A	N.A	N.A	N.A
Long Term Investments	318.53M	482.02M	335.53M	289.64M
Property/Plant Equipment	119.47M	119.21M	115.38M	116.70M
Good Will	N.A	N.A	N.A	N.A
Intangible Assets	9.26M	9.66M	10.06M	10.46M
Tangible Assets (Net)	2.02B	2.20B	2.10B	2B
Other Assets	480.99M	481.78M	394.73M	407.75M
Total Assets	23.17B	22.18B	21.37B	20.76B
Accounts Payable	N.A	N.A	N.A	N.A
Other Current Liabilities	17.34B	18.91B	18.09B	17.35B
Total Current Liabilities	17.86B	18.93B	18.18B	17.68B
Total Liabilities	20.56B	19.69B	18.98B	18.47B
Long Term Debt	360.46M	359.08M	361.06M	363.94M
Current Long Term Debt	N.A	N.A	N.A	N.A
Minority Interest	0	0	0	0
Common Stock	104.95M	105.86M	105.88M	105.86M
Treasury Stock	53.08M	52.04M	50.97M	46.47M
Retained Earnings	1.28B	1.17B	1.06B	0.95B
Capital Surplus	1.42B	1.44B	1.44B	1.43B
Shareholder Equity	2.61B	2.49B	2.39B	2.29B
Other Liabilities	N.A	N.A	N.A	N.A

Western Alliance Bancorporation balance sheet (2017) (USD)

	December 2017	September 2017	June 2017
Current Cash	N.A	N.A	N.A
Receivables	N.A	N.A	N.A
Inventory	N.A	N.A	N.A
Current Assets	445.31M	679.52M	654.55M
Other Current Assets	N.A	N.A	N.A
Short Term Investments	N.A	N.A	N.A
Long Term Investments	235.58M	535.75M	757.31M
Property/Plant Equipment	118.72M	120.06M	120.47M
Good Will	N.A	N.A	N.A
Intangible Assets	10.85M	11.26M	11.75M
Tangible Assets (Net)	1.63B	1.86B	1.77B
Other Assets	417.27M	325.75M	338.20M
Total Assets	20.45B	19.92B	18.84B
Accounts Payable	N.A	N.A	N.A
Other Current Liabilities	15.35B	16.90B	N.A
Total Current Liabilities	15.77B	16.93B	32.66M
Total Liabilities	18.22B	17.78B	16.79B
Long Term Debt	376.91M	372.85M	375.44M
Current Long Term Debt	N.A	N.A	N.A
Minority Interest	0	0	0
Common Stock	105.49M	105.49M	105.43M
Treasury Stock	40.17M	40M	36.65M
Retained Earnings	848.47M	758.62M	675.76M
Capital Surplus	1.42B	1.42B	1.41B
Shareholder Equity	2.23B	2.15B	2.06B
Other Liabilities	N.A	N.A	N.A

Western Alliance Bancorporation cash flow (2022) (USD)

	November 2022	July 2022
Net Income	260.80M	257M
Depreciation	18.90M	17.10M
Changes in Receivables	0	0
Changes in Inventories	0	0
Cash Change	260M	233M
Cash Flow	490.90M	337.10M
Capital Expenditures	-36.8M	-21.2M
Investments	N.A	N.A
Investing Activity (other)	N.A	N.A
Total Investing Cash Flows	-3.93B	-7.1B
Dividends Paid	N.A	N.A
Net Borrowings	-57.36B	-56.03B
Other Financing Cash Flows	N.A	N.A
Cash Flow Financing	3.16B	6.04B
Exchange Rate Effect	N.A	N.A

Western Alliance Bancorporation cash flow (2021) (USD)

	November 2021
Net Income	236.90M
Depreciation	15.40M
Changes in Receivables	0
Changes in Inventories	0
Cash Change	297.90M
Cash Flow	-5.23B
Capital Expenditures	-18.2M
Investments	N.A
Investing Activity (other)	N.A
Total Investing Cash Flows	-5.28B
Dividends Paid	N.A
Net Borrowings	-47.75B
Other Financing Cash Flows	N.A
Cash Flow Financing	4.11B
Exchange Rate Effect	N.A

Western Alliance Bancorporation cash flow (2020) (USD)

	October 2020	June 2020	March 2020
Net Income	135.77M	93.27M	83.96M
Depreciation	17.12M	N.A	7.79M
Changes in Receivables	0	N.A	N.A
Changes in Inventories	0	N.A	N.A
Cash Change	-26M	1.10B	-18.89M
Cash Flow	450.12M	193.66M	126.78M
Capital Expenditures	-33.1M	-3.14M	-16.58M
Investments	N.A	232.65M	-388.14M
Investing Activity (other)	N.A	-62.54M	N.A
Total Investing Cash Flows	-5.59B	-1.66B	-2.4B
Dividends Paid	N.A	-25.21M	-25.61M
Net Borrowings	-31.38B	-73.45M	314.31M
Other Financing Cash Flows	N.A	-397K	-7.46M
Cash Flow Financing	6.13B	2.61B	2.25B
Exchange Rate Effect	N.A	N.A	N.A

Western Alliance Bancorporation cash flow (2019) (USD)

	December 2019	September 2019	June 2019	March 2019
Net Income	128.07M	127.38M	122.94M	120.80M
Depreciation	N.A	N.A	N.A	6.42M
Changes in Receivables	N.A	N.A	N.A	N.A
Changes in Inventories	N.A	N.A	N.A	N.A
Cash Change	-437.46M	-195.65M	282.10M	287.04M
Cash Flow	183.27M	204.23M	178.97M	151.31M
Capital Expenditures	-19.87M	-6.12M	-6.01M	-3.15M
Investments	55.25M	-342.68M	-8.61M	37.16M
Investing Activity (other)	N.A	N.A	N.A	N.A
Total Investing Cash Flows	-0.95B	-1.33B	-1.09B	-351.49M
Dividends Paid	-25.65M	-25.68M	N.A	N.A
Net Borrowings	1.69M	1.06M	-1.22M	-498.27M
Other Financing Cash Flows	-63K	-1.53M	-151K	-7.9M
Cash Flow Financing	327.13M	0.93B	1.20B	487.21M
Exchange Rate Effect	N.A	N.A	N.A	N.A

Western Alliance Bancorporation cash flow (2018) (USD)

	December 2018	September 2018	June 2018	March 2018
Net Income	119.09M	111.12M	104.68M	100.90M
Depreciation	N.A	N.A	N.A	3.01M
Changes in Receivables	N.A	N.A	N.A	N.A
Changes in Inventories	N.A	N.A	N.A	N.A
Cash Change	-201.99M	193.75M	67.45M	22.60M
Cash Flow	144.69M	148.93M	159.04M	88.32M
Capital Expenditures	-2.99M	-6.48M	-1.26M	-576K
Investments	36.29M	-74.19M	9.79M	20.64M
Investing Activity (other)	-109.6M	N.A	N.A	N.A
Total Investing Cash Flows	-1.07B	-703.12M	-591.74M	-347.3M
Dividends Paid	N.A	N.A	N.A	N.A
Net Borrowings	492.44M	-72.05M	-228.66M	-94.34M
Other Financing Cash Flows	-1.05M	-1.06M	-4.5M	-6.3M
Cash Flow Financing	724.59M	747.94M	500.15M	281.59M
Exchange Rate Effect	N.A	N.A	N.A	N.A

Western Alliance Bancorporation cash flow (2017) (USD)

	December 2017	September 2017	June 2017
Net Income	89.31M	82.86M	79.97M
Depreciation	N.A	N.A	N.A
Changes in Receivables	N.A	N.A	N.A
Changes in Inventories	N.A	N.A	N.A
Cash Change	-233.59M	43.68M	-40.36M
Cash Flow	112.73M	95.65M	87.47M
Capital Expenditures	-1.22M	-2.55M	-2.52M
Investments	-90.61M	-461.69M	-392.67M
Investing Activity (other)	-18.18M	-9.16M	-10.76M
Total Investing Cash Flows	-803.9M	-0.92B	-800.22M
Dividends Paid	N.A	N.A	N.A
Net Borrowings	389.95M	-6.59M	-3.05M
Other Financing Cash Flows	-169K	-3.35M	-46K
Cash Flow Financing	457.59M	863.98M	672.39M
Exchange Rate Effect	N.A	N.A	N.A

Western Alliance Bancorporation dividends (USD)

Ex date	Payment date	Record date	Declared date	Amount	Description	Frequency
17-11-2022	02-12-2022	18-11-2022	N.A	0.36	Ordinary Shares	Quarterly
11-08-2022	26-08-2022	12-08-2022	N.A	0.36	Ordinary Shares	Quarterly
18-11-2021	03-12-2021	19-11-2021	N.A	0.35	Ordinary Shares	Quarterly
12-11-2020	27-11-2020	13-11-2020	N.A	0.25	Ordinary Shares	Quarterly
13-08-2020	28-08-2020	14-08-2020	N.A	0.25	Ordinary Shares	Quarterly
14-05-2020	29-05-2020	15-05-2020	N.A	0.25	Ordinary Shares	Quarterly
13-02-2020	28-02-2020	14-02-2020	N.A	0.25	Ordinary Shares	Quarterly
14-11-2019	29-11-2019	15-11-2019	N.A	0.25	Ordinary Shares	Quarterly
15-08-2019	30-08-2019	16-08-2019	N.A	0.25	Ordinary Shares	Quarterly