Western Alliance Bancorporation (WAL)
Western Alliance Bancorporation brought in $229.1M of revenue over the twelve months to September 30, 2026, up 145.3% from a year earlier. Net income was $1B, a net margin of 436.5%. At September 30, 2026 it held $5.3B in cash against $1.4B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on October 30, 2026.
Key facts about Western Alliance Bancorporation
- Net worth
- Western Alliance Bancorporation has a market value (market cap) of $8.4B at the latest share price, and shareholders' equity of $7.7B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Cash flow
- In fiscal 2025 operations used $2.7B of cash.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on October 30, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Western Alliance Bancorporation's next report is expected around January 26, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- Western Alliance Bancorporation declared dividends of $1.56 per share in fiscal 2025, a yield of 2.04% at the current price.
What Western Alliance Bancorporation does
Western Alliance Bancorporation is registered with the SEC under industry code SIC 6022 (State Commercial Banks). Its shares trade on NYSE under the ticker WAL.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $135.8M | $969M | $8.73 | n/a |
| 2024 | $68M | $787.7M | $7.09 | n/a |
| 2023 | $98.6M | $722.4M | $6.54 | n/a |
| 2022 | $44.1M | $1.1B | $9.70 | n/a |
| 2021 | $37.6M | $899.2M | $8.67 | n/a |
| 2020 | n/a | $506.6M | $5.04 | n/a |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where WAL ranks in Finance
Dividends
Western Alliance Bancorporation declared $1.56 per share in fiscal 2025. At the current price that is a yield of 2.04%.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $1.56 | n/a | n/a |
| 2024 | $1.49 | $176.8M | 22% |
| 2023 | $1.45 | $171.5M | 24% |
| 2022 | $1.42 | $166.2M | 16% |
| 2021 | $1.20 | $127.6M | 14% |
| 2020 | $0.25 | $101.3M | 20% |
Latest SEC filings
What Western Alliance Bancorporation has filed recently, newest first. Each links to the original document on SEC EDGAR.
- October 30, 2026Other event 8-K
- October 30, 2026Quarterly report 10-Q · period to September 30, 2026Revenue rose 110% to $51.4M versus the same quarter last year; diluted EPS $2.45 versus $2.28.
- October 30, 2026Passive stake changed SCHEDULE 13G/A
- October 19, 2026
- August 14, 2026Passive stake changed SCHEDULE 13G/A
- July 31, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 94% to $45.7M versus the same quarter last year; diluted EPS $2.36 versus $2.07.
- July 31, 2026Passive stake (5% or more) SCHEDULE 13G
- July 31, 2026Passive stake (5% or more) SCHEDULE 13G
- July 30, 2026Other event 8-K
- July 21, 2026
Insider trades
What the people running Western Alliance Bancorporation did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider bought or sold shares on the open market in the last 90 days. The 150 reported changes were pay in shares, option exercises, shares withheld for tax or gifts.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| October 15, 2026 | Bruckner Tim RCBO for Regional Banking | Exercised options | 158 | - |
| October 15, 2026 | Bruckner Tim RCBO for Regional Banking | Other change | 158 | $11.7K |
| October 15, 2026 | Bruckner Tim RCBO for Regional Banking | Exercised options | 115 | - |
| October 15, 2026 | Bruckner Tim RCBO for Regional Banking | Other change | 115 | $8.6K |
| October 15, 2026 | Bruckner Tim RCBO for Regional Banking | Exercised options | 142 | - |
| October 15, 2026 | Bruckner Tim RCBO for Regional Banking | Other change | 142 | $10.6K |
| October 15, 2026 | Nachlas EmilyChief Risk Officer | Exercised options | 72 | - |
| October 15, 2026 | Nachlas EmilyChief Risk Officer | Other change | 72 | $5.4K |
Who owns WAL
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| T. Rowe Price Associates, Inc.13G, passive | 5.8% | August 14, 2026 |
| Vanguard Capital Management13G, passive | 5.02% | July 31, 2026 |
| Vanguard Portfolio Management13G, passive | 5.01% | July 31, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 495 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 11,276,134 | +297,557 |
| Invesco Ltd. | 5,871,003 | +652,089 |
| Vanguard Portfolio Management LLC | 5,439,993 | +228,862 |
| Aqr Capital Management LLC | 5,151,917 | +4,244,622 |
| Vanguard Capital Management LLC | 4,673,084 | +22,627 |
| Wellington Management Group Llp | 4,389,690 | -311,575 |
| State Street Corp | 4,271,252 | +70,612 |
| Dimensional Fund Advisors LP | 4,024,180 | +210,185 |
| Davis Asset Management, L.P. | 3,336,000 | +253,000 |
| Fmr LLC | 2,373,997 | -3,895 |
| Barrow Hanley Mewhinney & Strauss LLC | 2,120,791 | -242,148 |
| Geode Capital Management, LLC | 2,112,323 | -2,488 |
| Bank of Montreal | 1,814,642 | -54,030 |
| Smead Capital Management, Inc. | 1,594,678 | +239,087 |
| Norges Bank | 1,458,937 | new |
| Ameriprise Financial Inc | 1,241,477 | +349,968 |
| Jupiter Topco LLC | 1,240,773 | new |
| Bank of America Corp | 1,179,771 | +892,662 |
| Charles Schwab Investment Management Inc | 986,650 | +2,429 |
| Morgan Stanley | 943,343 | +26,423 |
Insiders
20 insiders reported holding 1,098,872 shares in total, about $84.2M at the last price.
| Holder | Shares |
|---|---|
| Vecchione KennethChairman, President & CEO, Director | 463,178 |
| Gibbons DaleVice Chair and CBO, Deposits | 267,093 |
| Snyder Donald DDirector | 98,663 |
| Boothe Timothy WChief Administration Officer | 65,417 |
| Curley Stephen RussellChief Banking Ofc.-NBL | 41,531 |
| Bruckner Tim RCBO for Regional Banking | 29,068 |
| Nachlas EmilyChief Risk Officer | 16,575 |
| Tuuk Kuras MaryDirector | 14,271 |
| Jarvi Jessica HCLO & Secretary | 13,707 |
| Meola Anthony TDirector | 13,263 |
Questions about WAL
What does Western Alliance Bancorporation do?
Western Alliance Bancorporation is a company in the Finance sector, listed on NYSE as WAL. Its shares trade on NYSE under the ticker WAL.
What is Western Alliance Bancorporation's net worth?
Western Alliance Bancorporation has a market value (market cap) of $8.4B at the latest share price, and shareholders' equity of $7.7B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Western Alliance Bancorporation profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $1B on revenue of $229.1M, a net margin of 436.5%.
How much revenue does Western Alliance Bancorporation make?
Over the twelve months to September 30, 2026 Western Alliance Bancorporation reported revenue of $229.1M. That is 145.3% more than a year earlier.
When did Western Alliance Bancorporation last report?
Its most recent periodic report is the quarterly report (10-Q) filed on October 30, 2026. It covers the period to September 30, 2026.
When is Western Alliance Bancorporation's next earnings report?
Western Alliance Bancorporation's next report is expected around January 26, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
Does Western Alliance Bancorporation pay a dividend?
Yes. Western Alliance Bancorporation declared dividends of $1.56 per share in fiscal 2025, a yield of 2.04% at the current price.
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Where the numbers come from
Financial figures are the values Western Alliance Bancorporation tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.