Western Alliance Bancorporation (WAL) Financial Statements
Industry: State Commercial Banks
In fiscal 2025, Western Alliance Bancorporation reported revenue of $3.54B, up 12.0% from $3.16B the year before. Net income was $969.0M (a 27.3% net margin), or $8.73 per diluted share. Net interest income was $2.86B, and the efficiency ratio (noninterest expense / revenue) was 59.6%. Operating activities generated -$2.68B of cash. At fiscal year end, Western Alliance Bancorporation held $92.77B in total assets against $84.83B in total liabilities.
Open the full interactive Western Alliance Bancorporation financials → Quarterly statements, key ratios, valuation history and price charts.
Western Alliance Bancorporation Key Stats
| Share Price | $73.73 |
|---|---|
| Market Cap | $7.96B |
| P/E Ratio | 8.4 |
| Revenue YoY Growth | +12.0% |
| 52-Week Range | $65.99 – $94.62 |
| Shares Outstanding | 107.8 million (basic, 2026 Q2) |
Western Alliance Bancorporation Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Net Interest Income | $1.17B | $1.55B | $2.22B | $2.34B | $2.62B | $2.86B |
| Provision for Credit Losses | $123.6M | -$21.4M | $68.1M | $62.6M | $145.9M | $224.1M |
| Noninterest Income | $70.8M | $404.2M | $324.6M | $280.7M | $543.2M | $678.2M |
| Noninterest Expense | $491.6M | $851.4M | $1.16B | $1.62B | $2.02B | $2.11B |
| Revenue | $1.24B | $1.95B | $2.54B | $2.62B | $3.16B | $3.54B |
| Pre-Tax Income | $622.5M | $1.12B | $1.32B | $933.6M | $991.2M | $1.21B |
| Income Tax | $115.9M | $223.8M | $258.8M | $211.2M | $203.5M | $216.6M |
| Net Income | $506.6M | $899.2M | $1.06B | $722.4M | $787.7M | $969.0M |
| Diluted EPS | $5.04 | $8.67 | $9.70 | $6.54 | $7.09 | $8.73 |
Western Alliance Bancorporation Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $938.2M | $980.9M | $1.02B | $995.7M |
| Net Income | $253.4M | $286.1M | $182.1M | $261.7M |
| Diluted EPS | $2.28 | $2.61 | $1.65 | $2.36 |
Western Alliance Bancorporation Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $2.67B | $516.4M | $1.04B | — | — | — |
| Loans (Net) | $26.77B | $38.82B | $51.55B | $49.96B | $53.30B | $58.22B |
| Total Assets | $36.46B | $55.98B | $67.73B | $70.86B | $80.93B | $92.77B |
| Deposits | $31.93B | $47.61B | $53.64B | $55.33B | $66.34B | $77.16B |
| Total Long-Term Debt | $553.7M | $775.0M | $1.31B | $446.0M | $2.42B | $1.39B |
| Total Liabilities | $33.05B | $51.02B | $62.38B | $64.78B | $74.23B | $84.83B |
| Shareholders' Equity | $3.41B | $4.96B | $5.36B | $6.08B | $6.71B | $7.65B |
Western Alliance Bancorporation Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $670.2M | -$2.65B | $2.25B | -$328.6M | -$2.74B | -$2.68B |
| Cash From Investing | -$7.54B | -$14.71B | -$13.13B | -$2.16B | -$5.97B | -$9.95B |
| Cash From Financing | $9.10B | $15.21B | $11.41B | $3.02B | $11.23B | $12.13B |
| Dividends Paid | — | $127.6M | $166.2M | $171.5M | $176.8M | — |
Figures from Western Alliance Bancorporation's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Western Alliance Bancorporation financials page for every line item.
Western Alliance Bancorporation Company Profile
| Ticker | WAL |
|---|---|
| Exchange | NYSE |
| Industry | State Commercial Banks |
| Headquarters | Phoenix, Arizona |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001212545 |
Frequently Asked Questions
What was Western Alliance Bancorporation's revenue in fiscal 2025?
Western Alliance Bancorporation (WAL) reported revenue of $3.54B for fiscal 2025.
What is Western Alliance Bancorporation's annual revenue history?
Western Alliance Bancorporation's annual revenue by fiscal year: 2020: $1.24B; 2021: $1.95B; 2022: $2.54B; 2023: $2.62B; 2024: $3.16B; 2025: $3.54B.
What was Western Alliance Bancorporation's net income in fiscal 2025?
Western Alliance Bancorporation reported net income of $969.0M for fiscal 2025.
What was Western Alliance Bancorporation's earnings per share (EPS) in fiscal 2025?
Western Alliance Bancorporation's diluted EPS was $8.73 for fiscal 2025 (adjusted for any later stock splits).
What was Western Alliance Bancorporation's revenue last quarter?
In its most recent reported quarter (2026 Q2), Western Alliance Bancorporation reported revenue of $995.7M.
How much debt does Western Alliance Bancorporation have?
Western Alliance Bancorporation reported $1.39B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Western Alliance Bancorporation are outstanding?
Western Alliance Bancorporation reported a weighted average of 107.8 million basic shares outstanding in 2026 Q2.
What is Western Alliance Bancorporation's market cap?
Based on its latest closing price, Western Alliance Bancorporation (WAL) has a market capitalization of about $7.96B.
When does Western Alliance Bancorporation's fiscal year end?
Western Alliance Bancorporation's fiscal year end, as registered with the SEC, is December 31.
Where is Western Alliance Bancorporation headquartered?
Western Alliance Bancorporation lists its business address in Phoenix, Arizona in its SEC filings.