Western Alliance Bancorporation
WAL · Price history
Price at last available close
$75.96
+$0.20 (+0.26%) 1M
2026-10-28
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Company & revenue
About Western Alliance Bancorporation
Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
Western Alliance Bancorporation serves as the holding entity for Western Alliance Bank, offering a broad spectrum of banking products and related financial services, with its primary operations centered in Arizona, California, and Nevada. The company structures its business across Commercial, Consumer Related, and Corporate & Other segments. Its deposit offerings include checking, savings, and money market accounts, as well as fixed-rate and fixed-maturity certificates of deposit.
How they make money
Western Alliance Bancorporation operates as a bank holding company that generates revenue primarily through net interest income earned on loans and investment securities, supplemented by non-interest income from service fees, mortgage banking activities, and specialized digital payment solutions for business clients.
Products & services
The company provides commercial banking, treasury management, mortgage warehouse lending, equipment finance, and digital payment services for specialized industries such as class action legal and homeowner associations.
Brands & revenue mix
Primary banking subsidiary providing commercial and business banking solutions.
Separate brand revenue is not available in this research.Source
Wholly-owned subsidiary focused on mortgage banking services.
Separate brand revenue is not available in this research.Source
Revenue share is not unit sales or a best-seller ranking. Parent brands and included sub-brands can overlap; do not add overlapping rows.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Customer types
Customer concentration
The company does not report a single customer accounting for more than 10% of total revenue as of the fiscal year ended December 31, 2025.
Suppliers, materials & equipment
- Technology and Software Service Providers — The company relies on various third-party vendors for core banking software, digital payment infrastructure, and cybersecurity services; specific supplier names are unnamed.Source
Strengths
Sources
Financial risk observations and what to check
These are saved observations about business performance, not predictions. Review the company filings alongside the interpretation below. Latest stored financial period end: 2026-09-30.
Total debt increased 44.6% versus the same quarter last year.
Compare the added borrowing with available cash, cash generation and maturities. A percentage increase from a small starting balance can look large without measuring the full debt burden.
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
62
Fair
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
64
Fair
Financial Strength
46
Business Quality / Moat
90
Management
80
Growth Quality
34
Risk / Durability
63
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
78
Fair
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
71/100
Building Historical Record
Model Score 71/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is mixed across its combined quality, valuation and risk inputs. Review the category scores to identify what is helping or hurting the result.
At today’s price, the WSS valuation framework currently reads as relatively attractive.
The model outlook is currently positive.
- •Asset quality scores strongly
- •Valuation scores attractively
- •Recent buyback activity is present
- •Elevated debt risk
- •Revenue fundamentals are weak
- •Debt / balance-sheet profile needs attention
Company-specific research
Questions worth answering for WAL
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •What is driving WAL's revenue decline, and does the latest company filing suggest the weakness is temporary or structural?
- •How long can WAL fund negative free cash flow using its current cash position before it may need more debt or new shares?
- •Does WAL's balance between cash and debt leave enough flexibility if business conditions weaken?
- •Is WAL's valuation discount tied to a temporary concern or to a longer-term business risk?
- •What does the current fundamental change risk warning mean for the reliability or interpretation of WAL's score?
Essential Investment Snapshot
Wall Street Score
62
Opportunity Score
78
Market Cap
$8.29B
P/E Ratio
8.4
EPS
$9.15
52-Week High
$97.23
52-Week Low
$65.82
Beta
1.42
Intrinsic Value
$352.28
Analyst Target
$90.00
Shares Outstanding
109.5M
Total Revenue
$5.20B
Total Debt
$6.81B
Dividend Yield (TTM)
2.21%
Liquidation Value / Share
$72.58
Dividend / Share (TTM)
$1.68
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Neutral / mixed momentum
Low movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for WAL
Detected from reported data — verify before acting.Dividend history reported
Dividend payments are recorded. Review the dates and regular/special classification below; past payments do not guarantee future dividends.
Historical repurchase activity
Reported cash flows or share-count measures indicate past repurchase activity. This does not verify an active buyback authorization or future purchases.
Elevated debt risk
Total debt is at least one year of revenue • Interest coverage is below 2x • Free cash flow is negative
Community Sentiment
0 active · 0 total callsNo personal call yet on WAL.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Specialized industry expertise in over 30 sectors.
- +Diversified deposit franchise and digital payment capabilities.
Potential downside factors
- −Debt risk (elevated): Total debt is at least one year of revenue.
- −Interest coverage is below 2x.
- −Free cash flow is negative.
- −Interest rate fluctuations affecting net interest margin.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
4 historical score records availablePrevious Score
65
Oct 20, 2026
Change
-3.3
points
Current Score
62
Oct 26, 2026
Category Changes
WAL decreased 3.3 points because some fundamentals weakened.
Projected Score
Projected Score
62
Projected Change
0.0 points
Preliminary comparable-period financial changes suggest little change. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
Review model assumptionsThis model estimate is more than three times the share price.
This is a formula-based estimate, not a verified fair value or price target. Check the earnings and growth assumptions.
Stored EPS: $9.15 · Growth assumption: 11.3% · Earnings multiplier: 31.1×.
Current Price
$75.96
Model Intrinsic Value
$352.28
Difference
−$276.32
-78.4% vs IV
Margin of Safety
78.4%
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.20B | $5.28B | $5.02B | $4.26B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Cost of Revenue | $2.20B | $2.05B | $2.07B | $1.76B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Gross Profit | $3.00B | $3.22B | $2.95B | $2.50B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Research & Development | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| SG&A Expenses | $687.6M | $144.6M | $663.8M | $588.1M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Expenses | $1.74B | $2.02B | $1.96B | $1.56B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| EBITDA | $1.36B | $1.34B | $1.11B | $1.02B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Income | $1.26B | $1.21B | $991.2M | $933.6M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Interest Expense | $1.76B | $1.83B | $1.92B | $1.70B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Before Tax | $1.26B | $1.21B | $991.2M | $933.6M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Tax Expense | $229.7M | $216.6M | $203.5M | $211.2M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Net Income | $1.01B | $969.0M | $787.7M | $722.4M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic EPS | $9.15 | $8.79 | $7.14 | $6.55 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic Shares | 107M | 109M | 109M | 108M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Diluted Shares | 108M | 110M | 109M | 109M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$1.46B
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
$2.45
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
+44.6%
Cash Change
-7.4%
Margin Change
+0.3 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
- Margins expanded
What Weakened
- Cash position declined
- Debt increased
Potential Score Impact
Positive indicators included revenue growth, EPS growth, net income margin. Pressure indicators included cash levels, debt levels. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 4.7%. EPS increased 7.5%. Cash declined 7.4%. Total debt increased 44.6%. Net income margin improved by 0.3 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
Smart Money
Number of Gurus
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Log in to view dividend history.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
4 historical recordsHistorical Score Chart
3 of 4 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
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Western Alliance Bancorporation (WAL) Q3 2026 Earnings Call Transcript
Rumor Mill · WAL
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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