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Western Alliance Bancorporation vs Zions Bancorporation, National Association

Western Alliance Bancorporation and Zions Bancorporation, National Association are similar in size: $3.54bn and $3.38bn of revenue in their latest fiscal years. Western Alliance Bancorporation grew faster (12.0% against 8.1%). Western Alliance Bancorporation kept more of each dollar of sales as profit: a net margin of 27.3% against 26.6%.

Latest fiscal yearWestern Alliance BancorporationWAL, 2025Zions Bancorporation, National AssociationZION, 2025
Revenue $3.54bn $3.38bn
Revenue growth 12.0% 8.1%
Net income $969m $899m
Operating margin — —
Net margin 27.3% 26.6%
Return on equity 13.5% 13.5%
Free cash flow — $952m
Cash $3.60bn $683m
Total debt $5.24bn $4.58bn
Debt to equity — —
Dividend per share — $1.76
Dividend yield 2.1% 2.8%
Share buybacks $68.1m $41.0m
Employees 3,769 9,195
Market value $8.29bn $9.62bn
Price vs our value range — —
Moat score 82 (Strong) 78 (Strong)
Insider trades, 12 months 0 buys, 9 sales 1 buys, 21 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.