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MARKETS / NYSE / WAL
NYSE · STATE COMMERCIAL BANKS · LARGE CAP

Western Alliance Bancorporation WAL

17 fiscal years on record · USD · FY2025 reported · SEC filings only
5 YEARS OF DIVIDEND GROWTH
$135.8M
▲ 99.7% YoY
$969.0M
▲ 23.0% YoY
In brief

What this company does

WAL provides a full spectrum of customized loan, deposit, and treasury management capabilities, including funds transfer and other digital payment offerings, through its wholly-owned banking subsidiary, WAB. Headquartered in Phoenix, Arizona, WAL is a bank holding company incorporated under the laws of the state of Delaware. The company's commercial real estate business is concentrated primarily in its core footprint states of Arizona, California, and Nevada. At December 31, 2025, the company's held-for-investment loan portfolio totaled $58.7 billion, or approximately 63% of total assets. As of December 31, 2025, the company employed 3,769 full-time equivalent employees, an increase of 7% from December 31, 2024. Its operating segments are aggregated with a focus on products and services offered and consist of three reportable segments: Commercial, Consumer Related, and Corporate & Other. Effective October 4, 2025, the company completed a brand unity initiative that consolidated its legacy division bank brands, ABA, BON, FIB, Bridge, and TPB, under a single unified name, Western Alliance Bank.

Written from the business description in Western Alliance Bancorporation's annual report to the U.S. Securities and Exchange Commission, filed 23 February 2026. Every sentence was checked against that document before publication.

Growth
USD 135.8M
Revenue, FY2025 · full 17-year series below
Revenue $B Net income $B
FY2025 · Revenue 0.1 · Net income 1.0
0.4B0.8B200920112013201520172019202120232025
Compound annual growth
+45.5%
−2.9%
+13.8%
+17.4%
−3.5%
+11.6%
+15.7%
+3.2%
+44.2%
−25.7%
−17.0%
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
729 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 889.0% · Net 729.5%
1000%2000%200920112013201520172019202120232025
ROE
FY2025 · ROE 13.5%
10%20%-10%-20%200920112013201520172019202120232025

Each USD of equity produced 13 cents of profit this year.

Cash & shareholders
USD 68.1M
returned in FY2025 · dividends + net buybacks
Net buybacks $M Dividends $M
FY2025 · Dividends — · Net buybacks 68.1
80M160M-200M-400MDividendsNet buybacks201720182019202020212022202320242025

USD 68.1M in buybacks — 7% of the year's profit went back to shareholders.

Total assetsUSD 92.8B
EquityUSD 7.7B
CashUSD 3.6B
Gross debtUSD 5.2B
Net debtUSD 1.6B
DepositsUSD 77.2B

Net debt stands at 21% of equity.

The 17-year record
17 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B0.10.10.10.00.0············
Operating income $B1.21.00.91.31.10.60.6··········
EBITDA $B1.31.11.01.31.10.60.6··········
Income tax $B0.20.20.20.30.20.10.10.10.10.10.10.00.00.00.0−0.0−0.0
Net income $B1.00.80.71.10.90.50.50.40.30.30.20.10.10.10.0−0.0−0.2
EPS, diluted $8.737.096.549.708.675.044.844.143.102.502.031.671.310.830.19−0.23·
Dividend / sh $1.561.491.451.421.200.250.25··0.000.000.000.000.000.00··
Payout %·22241614201000········
ROE %13.512.312.620.521.515.817.716.714.414.915.015.914.210.45.1−1.2−26.3
Shares out B·······0.100.110.110.100.090.090.090.080.08·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 49 reconciliationsAUDITED

Reconciled in 17 of 19 fiscal years. 8 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityState Commercial Banks
Listed onNYSE
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2009

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