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Companies / Financials / Western Alliance Bancorporation
WAL

Western Alliance Bancorporation

FinancialsBanks & Brokers
Ticker WALPHOENIX, AZFiscal year ends DecemberBook value per share $72.54Diluted shares 108.1M

Western Alliance Bancorporation (NYSE: WAL) is a bank holding company that provides customized commercial banking, lending, deposit, treasury management and digital payment services through Western Alliance Bank and specialized subsidiaries. Its customers include small and middle-market businesses, commercial… From the company’s description.

In fiscal 2025, Western Alliance Bancorporation reported revenue of $3.54B, up 12.0% from fiscal 2024, and net income of $990.60M. Its pre-tax margin was 34.1%. Over the twelve months to Jun 30, 2026, revenue was $3.93B.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$3.54BFY2025
+12.0% year over year
Last 12 mo $3.93B
34.07%FY2025
+2.7 percentage points
Last 12 mo 31.34%
$990.60MFY2025
+25.8% year over year
Last 12 mo $1.01B
12.66%FY2025
+0.9 percentage points
Last 12 mo 12.54%
Cash & financing
$-2.68BFY2025
+2.3% year over year
Last 12 mo $-1.53B
$-2.79BFY2025
+1.2% year over year
Last 12 mo $-1.65B
10.91FY2025
Was 10.86× a year earlier
Last 12 mo 0.93
109.5MFY2025
+0.2% year over year
Last 12 mo 108.1M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Western Alliance Bancorporation does

In the company’s own words

Western Alliance Bancorporation (NYSE: WAL) is a bank holding company that provides customized commercial banking, lending, deposit, treasury management and digital payment services through Western Alliance Bank and specialized subsidiaries. Its customers include small and middle-market businesses, commercial institutions and investors, real estate businesses, and enterprises in consumer-related industries. The company also offers residential mortgage banking through AmeriHome, digital payment services for the class action legal industry through Digital Settlement Technologies, and corporate trust and leveraged loan administration services through Western Alliance Trust Company. Its three reportable segments are Commercial, serving businesses, specialized industries and real estate; Consumer Related, serving enterprises in consumer-related sectors and offering consumer banking, including residential mortgages; and Corporate & Other, which includes the investment portfolio, corporate borrowings and unallocated items. In 2025, the company unified its legacy division bank brands under the Western Alliance Bank name. At December 31, 2025, it had $92.7 billion in assets and 3,769 full-time equivalent employees. Its website is http://www.westernalliancebancorporation.com.

Company details
Sector
Financials
Industry (SIC)
Banks & Brokers
Headquarters
PHOENIX, AZ
Fiscal year end
December
CIK
1212545
SIC
6022

Financial performance, year by year

Fiscal 2013–2025 · USD
$-393.37M$786.74M$1.97B$3.15B$4.33B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Western Alliance Bancorporation — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

442
funds hold it
1 of 35
superinvestors hold it
$3.71B
held by funds, at market
41.6%
of shares held by funds
2
bond issues held by funds

Superinvestors in Western Alliance Bancorporation · what they did last quarter

Bill SmeadINCREASED +17.6%
Smead Capital Management
2.8%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · Western Alliance Bancorporation’s weight in each

iShares Core S&P Mid-Cap ETF
IJH · iShares Trust
0.23%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%of fund net assets
Invesco Small Cap Value Fund
VSCAX · AIM Sector Funds (Invesco Sector Funds)
—of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.10%of fund net assets
Invesco Value Opportunities Fund
VVOAX · AIM Sector Funds (Invesco Sector Funds)
—of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Western Alliance Bancorporation’s bonds, as funds hold them

Funds report holding 2 issues of Western Alliance Bancorporation’s debt, $210.25M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 6.54%, maturing 2031 to 2035.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do Western Alliance Bancorporation and its peers compare on margins and cash generation over ten years?”
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