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Western Alliance Bancorporation (WAL) stock

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NYSE: WAL NYSE Regional Banks Next results ~January 26, 2027

C+ Fundamentals grade

Western Alliance Bancorporation is a US-listed company in the regional banks industry. Its financial year ends in December.

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 3 selling0 purchases and 9 sales by directors and officers, last 12 monthsInsider trades
  • Funds280 adding, 183 cuttingOf 57 active managers that changed their stake, 25 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Western Alliance Bancorporation files

10-Q filed October 30: Western Alliance Bancorporation

Revenue for the twelve months to September 2026 was $4.01bn, up 17.9% on a year earlier, slower than the 19.7% growth a quarter earlier. Its fundamentals grade moves from B to C+. The rating stays Buy.

Our model value for Western Alliance Bancorporation is under review, so past values are not shown until it is resolved.

Source: 10-Q filed October 30, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (1)

Where Western Alliance Bancorporation stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $202m, up 141.3% on a year earlier, faster than 133.2% a quarter earlier. That growth ranks 1 of 9 among the state commercial banks companies we cover.

10-Q on SEC EDGAR

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~January 26, 2027 (estimated)

Western Alliance Bancorporation's trailing-twelve-month revenue grew 17.9% year on year, with a free-cash-flow margin of -6.9%.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 91.7% while net income grew 11.1%: a 81pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 17.9% over the last 12 months, against a median of 12.5% for regional banks companies we cover.
  • Shrinking share count. Diluted shares fell 1.2% in a year, so each share owns more of the business.
  • Net cash. Cash exceeds long-term debt by $4.0bn.

Things to watch

  • Burning cash. Free cash flow was -6.9% of revenue over the last 12 months.
  • Weak cash conversion. Free cash flow was -28% of net income over the last 12 months.
  • Missing expectations. Earnings per share fell short of the consensus estimate in 3 of the last four quarters.
  • Estimates being cut. Analysts' consensus for next year's earnings per share has fallen 5.4% over 90 days.

Latest results: FY2026 Q3

Filed October 30, 2026
Earnings per share
$2.34 against an average estimate of $2.43: missed by 3.5%
Revenue
$1.01bn, up 8.1% on a year earlier
Share reaction
+1.1% in the first session after the results on October 19, 2026, against +0.8% for the S&P 500
Next report
October 19, 2026; average EPS estimate $2.50

Western Alliance Bancorporation's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+3.1%
  • 1 week+4.3%
  • 1 month+3.0%
  • This year-5.0%
  • 1 year+3.8%
  • 5 years-28.6%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$4B
Net margin
24.9%
EPS (TTM, diluted)
$9.23

Growth

Revenue growth
+17.9%
Change in growth rate
−1.8 pts
Share count change
−1.2%

Earnings

Last results
October 19, 2026
Next results (est.)
January 26, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Announcement
  2. Results
  3. Announcement
  4. Product
  5. Results
  6. Announcement

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Western Alliance Bancorporation valuation models and calculator

No model value for Western Alliance Bancorporation at the moment. Current status: valuation models disagree too widely to rate. Available reported financials are shown below.

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: valuation models disagree too widely to rate: held for review.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Western Alliance Bancorporation as a bank or lender, with every model that fits that kind of business. Cost of equity 9.5%: the 10-year Treasury yield (4.9%) plus a beta of 1 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$120 ~$91–$170 Primary model, counts double
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$130 ~$110–$160 Included
Price-to-book vs return on equity (peers) The price-to-book that peers with this return on equity trade on, from a line fitted across peers. ~$110 ~$74–$150 Included
Price-to-book vs peers Book value per share times peers' typical (harmonic-mean) price-to-book. ~$55 ~$71–$110 Included
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$100 ~$99–$130 Included
Dividend discount (two-stage) Dividends for five years at the growth the business can fund, then a steady payout and growth. — Does not apply: This model is withheld pending its input or assumption review.
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Western Alliance Bancorporation with banks and lenders in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Moat

82 /100

Strong moat

How hard Western Alliance Bancorporation's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 18 / 20

    Net income has been a median 1.4% of total assets over 10 years.

  • Durability 19 / 20

    Net margin has been a median 37.9%; its worst year was 23.9%.

  • Discipline 15 / 20

    The diluted share count rose 6.0% over five years; stock-based pay has been a median 1.8% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (86 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $8.75 +4% $4.0bn +13%
Next $10.74 +23% $4.2bn +4%

Next year's EPS estimate has moved −5.4% in 90 days, across 13 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −4.0% on 90 days ago. In the last 30 days, 1 analyst raised Western Alliance Bancorporation's forecast and 8 cut it.

Consensus EPS forecast Western Alliance Bancorporation, last 90 days
$8.00 $9.00 $10.00 $11.00 $12.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $9.12 Current fiscal year, 60 days ago: $8.91 Current fiscal year, 30 days ago: $8.91 Current fiscal year, 7 days ago: $8.85 Current fiscal year, Now: $8.75 $8.75 Next fiscal year, 90 days ago: $11.35 Next fiscal year, 60 days ago: $11.29 Next fiscal year, 30 days ago: $11.29 Next fiscal year, 7 days ago: $11.05 Next fiscal year, Now: $10.74 $10.74

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $9.12$11.35
60 days ago $8.91$11.29
30 days ago $8.91$11.29
7 days ago $8.85$11.05
Now $8.75$10.74

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $2.43 $2.34 −3.5%
Jun 2026 $2.35 $2.28 −3.3%
Mar 2026 $1.36 $1.25 −8.6%
Dec 2025 $2.37 $2.51 +5.5%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, October 19, 2026

No numeric guidance in Western Alliance Bancorporation's latest earnings release (filed October 19, 2026). Some companies give their outlook only on the earnings call.

Analyst recommendations

15 analysts, Oct 2026
Buy1173%
Hold427%
Sell00%

Monthly trend

  1. Oct 202647415
  2. Sep 202657416
  3. Aug 202647415
  4. Jul 202647415

Counts of recommendations published by analysts covering Western Alliance Bancorporation, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
0.0%
of tradable shares
Days to cover
0.01
at average volume
Short interest, 1 month
−100%
to October 15, 2026
Held by institutions
93%
of shares
Held by insiders
2.7%
of shares
Employees
3,769
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

What moved the share price

Last 12 months +3.8%

$75.78 on October 31, 2025 to $78.67

ThenNowEffect
Revenue (last 12 months) $3.3bn $3.9bn +19.7%
Net margin 25.8% 25.0% −2.9%
P/E multiple 9.8x 8.7x −11.2%
Share count 110m 109m +0.6%

Biggest factor: revenue.

Last 3 years +73.5%

$45.34 on November 3, 2023 to $78.67

ThenNowEffect
Revenue (last 12 months) $2.6bn $3.9bn +52.1%
Net margin 35.4% 25.0% −29.3%
P/E multiple 5.4x 8.7x +62.5%
Share count 108m 109m −0.6%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
WAL+82%−44%+14%+30%+3%−5%
Industry peers (median)+34%−4%−2%+16%+10%+24%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
WAL58%42%50%50%50%46%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
WAL−19%−53%−77%−21%−35%−30%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since October 29, 2015: 85% from November 3, 2021 to May 4, 2023. Getting back needed a 558% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$65.99 – $94.62
From 52-week high
−16.9%
vs 50-day average
+2.1%
vs 200-day average
−0.8%
Volatility (1 year)
32%
Beta vs S&P 500
1.14

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
7 up, 5 down
typical move ±2.7%
After a week
9 up, 3 down
typical move ±5.3%
After a month
6 up, 5 down
typical move ±6.0%
Results releasedNext dayS&P 500 next day5 days21 days
October 19, 2026 +1.1% +0.8% +1.2% —
July 21, 2026 +3.0% +0.7% +3.3% −0.2%
April 21, 2026 −1.4% +0.4% +1.3% −2.5%
January 27, 2026 +0.3% +0.4% +3.3% +2.3%
October 21, 2025 +4.4% −0.5% +4.5% +0.7%
July 17, 2025 −1.4% +0.5% +1.0% +0.7%
April 21, 2025 −1.5% +0.2% +6.2% +14.5%
January 27, 2025 −3.2% −0.6% −8.4% −6.0%
October 17, 2024 −6.7% +0.4% −8.5% −1.0%
July 18, 2024 +4.6% −1.4% +8.9% +7.7%
April 18, 2024 +3.5% −1.1% +5.7% +17.7%
January 25, 2024 +1.4% +0.4% −11.0% −12.4%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Western Alliance Bancorporation in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Western Alliance Bancorporation
$2.5B $3B $3.5B $4B $4.5B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $2.6B Revenue (TTM), FY24 Q1: $2.8B Revenue (TTM), FY24 Q2: $2.9B Revenue (TTM), FY24 Q3: $3B Revenue (TTM), FY24 Q4: $3.2B Revenue (TTM), FY25 Q1: $3.2B Revenue (TTM), FY25 Q2: $3.3B Revenue (TTM), FY25 Q3: $3.4B Revenue (TTM), FY25 Q4: $3.5B Revenue (TTM), FY26 Q1: $3.8B Revenue (TTM), FY26 Q2: $3.9B Revenue (TTM), FY26 Q3: $4B $4B

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $2.6B
FY24 Q1 $2.8B
FY24 Q2 $2.9B
FY24 Q3 $3B
FY24 Q4 $3.2B
FY25 Q1 $3.2B
FY25 Q2 $3.3B
FY25 Q3 $3.4B
FY25 Q4 $3.5B
FY26 Q1 $3.8B
FY26 Q2 $3.9B
FY26 Q3 $4B
Revenue growth, TTM YoY Western Alliance Bancorporation
0% 10% 20% 30% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: 3.1% Revenue growth, TTM YoY, FY24 Q1: 10.2% Revenue growth, TTM YoY, FY24 Q2: 12.1% Revenue growth, TTM YoY, FY24 Q3: 13.9% Revenue growth, TTM YoY, FY24 Q4: 20.7% Revenue growth, TTM YoY, FY25 Q1: 14.8% Revenue growth, TTM YoY, FY25 Q2: 13.3% Revenue growth, TTM YoY, FY25 Q3: 13.1% Revenue growth, TTM YoY, FY25 Q4: 12.0% Revenue growth, TTM YoY, FY26 Q1: 17.8% Revenue growth, TTM YoY, FY26 Q2: 19.7% Revenue growth, TTM YoY, FY26 Q3: 17.9% 17.9%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 3.1%
FY24 Q1 10.2%
FY24 Q2 12.1%
FY24 Q3 13.9%
FY24 Q4 20.7%
FY25 Q1 14.8%
FY25 Q2 13.3%
FY25 Q3 13.1%
FY25 Q4 12.0%
FY26 Q1 17.8%
FY26 Q2 19.7%
FY26 Q3 17.9%
FCF margin (TTM) Western Alliance Bancorporation
-150% -100% -50% 0% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: -14.9% FCF margin (TTM), FY24 Q1: -37.9% FCF margin (TTM), FY24 Q2: -46.6% FCF margin (TTM), FY24 Q3: -62.0% FCF margin (TTM), FY24 Q4: -89.7% FCF margin (TTM), FY25 Q1: -130.4% FCF margin (TTM), FY25 Q2: -115.8% FCF margin (TTM), FY25 Q3: -98.2% FCF margin (TTM), FY25 Q4: -78.6% FCF margin (TTM), FY26 Q1: -43.4% FCF margin (TTM), FY26 Q2: -41.8% FCF margin (TTM), FY26 Q3: -6.9% -6.9%

Source: SEC EDGAR filings. Retrieved October 30, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 -14.9%
FY24 Q1 -37.9%
FY24 Q2 -46.6%
FY24 Q3 -62.0%
FY24 Q4 -89.7%
FY25 Q1 -130.4%
FY25 Q2 -115.8%
FY25 Q3 -98.2%
FY25 Q4 -78.6%
FY26 Q1 -43.4%
FY26 Q2 -41.8%
FY26 Q3 -6.9%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

What Western Alliance Bancorporation earned on its loans and securities in FY2025, what it paid depositors and lenders, and how its revenue split between running costs, credit losses, tax and profit.

  1. Interest income $4.7B
  2. Fee and other income $678M · 19.1%
  3. Interest paid $1.8B
  4. Net interest income $2.9B · 80.9%
  5. Revenue $3.5B
  6. Non-interest expense $2.1B · 59.6%
  7. Credit-loss provisions $224M · 6.3%
  8. Pre-tax profit $1.2B · 34.1%
  9. Income tax $217M · 6.1%
  10. Other $21.6M · 0.6%
  11. Net income $969M · 27.3%

Shares of revenue. Source: Western Alliance Bancorporation's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Sept 2026
Income
Revenue 207 279 292 337 355 410 522 700 830 959 1,106 1,238 1,953 2,541 2,620 3,162 3,543 4,010
Net income −151 −7 31 73 115 148 194 260 325 436 499 507 899 1,057 722 788 969 1,000
Diluted EPS — −$0.23 $0.19 $1.44 $1.31 $1.67 $2.03 $2.50 $3.10 $4.14 $4.84 $5.04 $8.67 $9.70 $6.54 $7.09 $8.73 $9.23
Growth (year on year)
Revenue — +35.2% +4.6% +15.3% +5.4% +15.3% +27.5% +34.0% +18.6% +15.5% +15.3% +12.0% +57.8% +30.1% +3.1% +20.7% +12.0% +17.9%
Net income — — — +130.6% +58.3% +28.7% +31.3% +33.7% +25.3% +33.9% +14.5% +1.5% +77.5% +17.6% −31.7% +9.0% +23.0% +11.1%
Diluted EPS — — — +657.9% −9.0% +27.5% +21.6% +23.2% +24.0% +33.5% +16.9% +4.1% +72.0% +11.9% −32.6% +8.4% +23.1% +12.4%
Margins
Net margin −73.2% −2.6% 10.8% 21.6% 32.4% 36.1% 37.2% 37.1% 39.2% 45.4% 45.2% 40.9% 46.0% 41.6% 27.6% 24.9% 27.3% 24.9%
Cash flow
Cash from operations 75 0 142 161 165 167 220 281 384 541 718 670 −2,654 2,245 −329 −2,742 −2,679 −163
Stock-based pay 9 8 4 6 8 17 26 20 24 26 26 29 35 40 34 48 51 53
Balance sheet
Cash 397 217 155 205 306 164 225 284 417 499 435 2,672 516 1,043 1,576 4,096 3,596 5,328
Total debt 0 0 0 194 341 390 150 — 390 491 0 21 1,502 6,299 7,230 5,573 5,240 5,613
Net debt (negative = net cash) −397 −217 −155 −11 36 226 −75 −284 −27 −8 −435 −2,651 986 5,256 5,654 1,477 1,644 285
Diluted shares 59m 75m 81m 93m 87m 88m 95m 104m 105m 105m 103m 101m 103m 108m 109m 109m 110m 108m
Returned to shareholders
Dividends — — — — — — — — 0 0 51 101 128 166 172 177 — —
Buybacks — — — — — — — — 0 36 120 72 0 0 0 0 68 203
Total returned — — — — — — — — 0 36 172 173 128 166 172 177 68 203

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Dividends, buybacks and capital spending

FY2026 Q3 TTM
Buybacks (TTM)
$203M
Dividends (TTM)
$178M
Buybacks, last 3 fiscal years
$68.1M
Diluted share count
−1.2%
year over year
Total shareholder yield
4.5%
dividends 2.1% + buybacks 2.4% of market value
Dividend payout ratio
18%
of net income paid out

Competitors: side by side with peers

Closest by revenue in regional banks
Last 12 months unless stated WAL ZION FHN BPOP EWBC UMBF Median
Revenue, last 12 months $4.0bn $3.7bn $3.5bn $3.4bn $3.1bn $3.0bn $255m
Revenue growth, last 12 months 17.9% 15.2% 10.3% 9.9% 13.7% 27.3% 12.5%
Revenue growth, 3-year average 15.0% 4.0% −1.1% 2.5% 6.0% 27.2% 6.0%
Revenue growth, latest quarter 8.1% 35.7% 6.9% 9.2% 12.5% 13.9% 10.7%
Net margin 24.9% 31.3% 29.9% 28.9% 46.6% 34.3% 28.7%
Cash from operations / revenue −4.1% 48.2% 30.0% 29.9% 63.7% 39.4% 34.3%
Free-cash-flow margin −6.9% 44.9% 28.8% 24.1% 63.7% 37.9% 31.4%
Free-cash-flow margin, 3-year average −55.7% 26.8% 35.1% 19.2% 57.8% 31.8% 29.9%
Stock pay / revenue 1.3% 1.0% 1.6% — 2.8% 1.4% 1.2%
Change in share count −1.2% −0.2% −6.4% −6.5% −0.4% 14.4% 0.4%

Median of all 245 companies we cover in regional banks. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

245 regional banks companies
Measure Company Peer median Rank
Revenue growth Growth 17.9% 12.5% 79 of 245
Change in growth rate Growth -1.8pp +0.0pp 172 of 244
Net margin Profitability 24.9% 28.7% 161 of 245
Stock pay as % of revenue Cash generation 1.3% 1.3% 107 of 206
Change in share count Balance sheet -1.2% 0.4% 67 of 230

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Who owns it

Funds buying and selling
Reported value
$8.1B
Institutions reporting
493
Shares held vs prior quarter
▲ 7.9%
Positions opened / closed
94 / 52

Top buyers and sellers, Q2 2026: 280 institutions bought and 183 sold ; the biggest buyer was AQR Capital Management LLC (+4.2M shares) and the biggest seller Price T Rowe Associates Inc (−1.5M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $927M 11.3M 11.5% ▲ 2.7%
Price T Rowe Associates Inc $519M 6.3M 6.4% ▼ 19.5%
Invesco Ltd. $483M 5.9M 6.0% ▲ 12.5%
Vanguard Portfolio Management LLC $447M 5.4M 5.5% ▲ 4.4%
AQR Capital Management LLC $423M 5.2M 5.2% ▲ 467.8%
Vanguard Capital Management LLC $384M 4.7M 4.8% ▲ 0.5%
Wellington Management Group LLP $361M 4.4M 4.5% ▼ 6.6%
State Street Corp $351M 4.3M 4.4% ▲ 1.7%
Dimensional Fund Advisors LP $331M 4.0M 4.1% ▲ 5.5%
Davis Asset Management, L.P. $274M 3.3M 3.4% ▲ 8.2%
FMR LLC $195M 2.4M 2.4% ▼ 0.2%
Barrow Hanley Mewhinney & Strauss LLC $174M 2.1M 2.2% ▼ 10.2%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Western Alliance Bancorporation's complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $5.9M 9 trades by 3 insiders · 0% under pre-set plans
Net ▼ $5.9M net selling
Insider Date Trade Shares Price Value
Gibbons Dale Vice Chair and CBO, Deposits June 9, 2026 Sell 6,772 $81.16 $549,616
Gibbons Dale Vice Chair and CBO, Deposits June 9, 2026 Sell 33,228 $82.64 $2.7M
Mucha Ben Chief Accounting Officer June 8, 2026 Sell 5,946 $81.00 $481,626
Mucha Ben Chief Accounting Officer February 18, 2026 Sell 641 $95.62 $61,292
Johnson Marianne Boyd Director December 15, 2025 Sell 1,100 $86.50 $95,150
Johnson Marianne Boyd Director December 15, 2025 Sell 6,614 $86.79 $574,029
Johnson Marianne Boyd Director December 15, 2025 Sell 7,714 $86.79 $669,498
Johnson Marianne Boyd Director December 15, 2025 Sell 5,386 $87.95 $473,699
Johnson Marianne Boyd Director December 15, 2025 Sell 2,328 $86.79 $202,047

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 4 trades and filings

No trades in Western Alliance Bancorporation disclosed in the last 12 months; 4 earlier trades on record.

  • Lisa C. McClain(R-MI 9):Sale (full), $1,001 - $15,000, traded July 22, 2025, filed August 13, 2025
  • Lisa C. McClain(R-MI 9):Purchase, $1,001 - $15,000, traded July 16, 2025, filed August 13, 2025
  • Lance Gooden(R-TX 5):Sale (full), $50,001 - $100,000, traded November 15, 2024, filed December 12, 2024

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around January 26, 2027 estimated from the company's past filing pattern, not announced

  • October 19, 2026
  • July 21, 2026
  • April 21, 2026
  • January 27, 2026
  • October 21, 2025
  • July 17, 2025

Recent SEC filings

Data status

When each part of this page on Western Alliance Bancorporation was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Western Alliance Bancorporation in brief

What does Western Alliance Bancorporation do?
Western Alliance Bancorporation is a US-listed company in the regional banks industry. Its financial year ends in December.
What is Western Alliance Bancorporation's stock ticker?
Western Alliance Bancorporation trades under the ticker WAL on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Western Alliance Bancorporation's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Western Alliance Bancorporation reported revenue of $4B, 17.9% higher than a year earlier, according to its SEC filings.
What is Western Alliance Bancorporation's free cash flow?
Western Alliance Bancorporation's free-cash-flow margin is -6.9% of revenue over the trailing twelve months.
Who are Western Alliance Bancorporation's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Price T Rowe Associates Inc and Invesco Ltd. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Western Alliance Bancorporation buying back stock, and does it pay a dividend?
Western Alliance Bancorporation spent $203M on share repurchases over the trailing twelve months, and its diluted share count fell 1.2% over the year.
What is Western Alliance Bancorporation's market cap?
On November 2, 2026, Western Alliance Bancorporation's market capitalisation was about $8.5B, with a price-to-earnings ratio of 8.5 and net debt of $285M. Market figures come from third-party market data and may be delayed.
Does Western Alliance Bancorporation pay a dividend?
Yes: Western Alliance Bancorporation paid $178M in dividends over the trailing twelve months, a dividend yield of 2.10% and a payout ratio of 17.8%.
Who are Western Alliance Bancorporation's competitors?
In our Regional Banks peer group, the companies closest to Western Alliance Bancorporation are Zions Bancorporation, National Association, First Horizon Corp, Popular, Inc., East West Bancorp Inc and UMB Financial Corp. The side-by-side comparison below sets their revenue, margins and growth against Western Alliance Bancorporation's.
Are insiders buying or selling Western Alliance Bancorporation stock?
Over the last 12 months, Western Alliance Bancorporation's directors and officers reported 0 open-market purchases and 9 sales on Form 4. The insider trading page charts every trade.
When is Western Alliance Bancorporation's next earnings date?
Around January 26, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Western Alliance Bancorporation announces its own schedule.