Western Alliance Bancorporation is the banking holding company for Western Alliance Bank offering various banking products and related services primarily in Arizona, California and Nevada. The company is headquartered in Phoenix, Arizona.
| Revenue (TTM) | $3.56B |
| Gross Profit (TTM) | $3.56B |
| EBITDA | — |
| Operating Margin | 39.00% |
| Return on Equity | 13.20% |
| Return on Assets | 1.09% |
| Revenue/Share (TTM) | $33.00 |
| Book Value | $69.03 |
| Price-to-Book | 1.11 |
| Price-to-Sales (TTM) | 2.28 |
| EV/Revenue | 3.873 |
| EV/EBITDA | — |
| Quarterly Earnings Growth (YoY) | 7.50% |
| Quarterly Revenue Growth (YoY) | 8.90% |
| Shares Outstanding | $107.55M |
| Float | $100.40M |
| % Insiders | 2.70% |
| % Institutions | 94.01% |
Volatility is currently expanding
Western Alliance Bancorporation is rated HOLD as management prioritizes capital returns over asset growth, citing an undervalued share price. WAL trades at 1.2x tangible book, well below management's 2x target, with forward ROE estimated at 86% below the sector median. Q3 2026 results were mixed: revenue beat, EPS missed, NIM rose to 3.75%, and loan growth slowed per revised 2026 guidance.
Western Alliance Bancorporation NYSE: WAL said its third-quarter 2026 results reflected improved credit quality, lower deposit costs and increased capital returns as the bank advanced strategic priorities set at its May Investor Day.
Western Alliance is upgraded to "Strong Buy" with over 35% upside potential, trading below 7x earnings versus peers at 9x. WAL demonstrates robust deposit and loan growth, improved credit quality, and effective balance sheet optimization amid sector headwinds. Credit normalization continues, with allowances now covering 118% of nonaccrual loans and reserves at 93bps of loans, supporting a stable outlook.
While the top- and bottom-line numbers for Western Alliance (WAL) give a sense of how the business performed in the quarter ended September 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Get a deeper insight into the potential performance of Western Alliance (WAL) for the quarter ended September 2026 by going beyond Wall Street's top-and-bottom-line estimates and examining the estimates for some of its key metrics.
Western Alliance (WAL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
PHOENIX--(BUSINESS WIRE)--Western Alliance Bancorporation Announces Third Quarter 2026 Earnings Release Date, Conference Call and Webcast.
Fed considers higher bank asset thresholds that could ease regulatory burdens, and give banks more room to grow and pursue M&A.
Western Alliance Bancorporation (WAL) Presents at Barclays 24th Annual Global Financial Services Conference Transcript
Western Alliance Bancorporation remains a 'buy' as revenue and profitability continue to climb, with shares trading at compelling valuation multiples. WAL's Q2 2026 results featured net interest income of $716.5M, revenue above expectations, and net profit growth, despite a slight EPS miss. Asset quality is robust, with ROA at 1.09% and ROE at 10.83%, though non-performing loans rose to 0.92%, exceeding preferred thresholds.
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