First Horizon vs Western Alliance Bancorporation
First Horizon and Western Alliance Bancorporation are similar in size: $3.42bn and $3.54bn of revenue in their latest fiscal years. Western Alliance Bancorporation grew faster (12.0% against 7.2%). First Horizon kept more of each dollar of sales as profit: a net margin of 28.7% against 27.3%.
| Latest fiscal year | First HorizonFHN, 2025 | Western Alliance BancorporationWAL, 2025 |
|---|---|---|
| Revenue | $3.42bn | $3.54bn |
| Revenue growth | 7.2% | 12.0% |
| Net income | $982m | $969m |
| Operating margin | — | — |
| Net margin | 28.7% | 27.3% |
| Return on equity | 11.1% | 13.5% |
| Free cash flow | $595m | — |
| Cash | $1.59bn | $3.60bn |
| Total debt | $3.25bn | $5.24bn |
| Debt to equity | — | — |
| Dividend per share | $0.60 | — |
| Dividend yield | 2.8% | 2.1% |
| Share buybacks | $918m | $68.1m |
| Employees | 7,404 | 3,769 |
| Market value | $11.24bn | $8.29bn |
| Price vs our value range | — | — |
| Moat score | 73 (Strong) | 82 (Strong) |
| Insider trades, 12 months | 0 buys, 21 sales | 0 buys, 9 sales |