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Stocks · Financials · State Commercial Banks

WESTERN ALLIANCE BANCORPORATION

WAL Clue Score59
United States Fiscal year ends December CIK 0001212545
$74.27 -1.63% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $74.27 −33.32% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueNet income
Fiscal year 2016Net income0.26EPS, diluted2.50Fiscal year 2017Net income0.33 +25.3%EPS, diluted3.10 +24.0%Fiscal year 2018Net income0.44 +33.9%EPS, diluted4.14 +33.5%Fiscal year 2019Net income0.50 +14.5%EPS, diluted4.84 +16.9%Fiscal year 2020Net income0.51 +1.5%EPS, diluted5.04 +4.1%Fiscal year 2021Revenue0.04Net income0.90 +77.5%EPS, diluted8.67 +72.0%Fiscal year 2022Revenue0.04 +17.3%Net income1.06 +17.6%EPS, diluted9.70 +11.9%Fiscal year 2023Revenue0.10 +123.6%Net income0.72 −31.7%EPS, diluted6.54 −32.6%Fiscal year 2024Revenue0.07 −31.0%Net income0.79 +9.0%EPS, diluted7.09 +8.4%Fiscal year 2025Revenue0.14 +99.7%Net income0.97 +23.0%EPS, diluted8.73 +23.1%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue n/a n/a n/a n/a n/a 0.04 0.04 0.10 0.07 0.14
Growth +17.3% +123.6% −31.0% +99.7%
Net income 0.26 0.33 0.44 0.50 0.51 0.90 1.06 0.72 0.79 0.97
Growth +25.3% +33.9% +14.5% +1.5% +77.5% +17.6% −31.7% +9.0% +23.0%
EPS, diluted 2.50 3.10 4.14 4.84 5.04 8.67 9.70 6.54 7.09 8.73
Growth +24.0% +33.5% +16.9% +4.1% +72.0% +11.9% −32.6% +8.4% +23.1%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Net margin
Fiscal year 2016Fiscal year 2017Fiscal year 2018Fiscal year 2019Fiscal year 2020Fiscal year 2021Net margin2,391.5%Fiscal year 2022Net margin2,397.5%Fiscal year 2023Net margin732.7%Fiscal year 2024Net margin1,158.4%Fiscal year 2025Net margin713.5%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Net margin n/a n/a n/a n/a n/a 2,391.5% 2,397.5% 732.7% 1,158.4% 713.5%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flow
Fiscal year 2016Operating cash flow0.28Fiscal year 2017Operating cash flow0.38Buybacks0.00Dividends paid0.00Fiscal year 2018Operating cash flow0.54Buybacks−0.04Dividends paid0.00Fiscal year 2019Operating cash flow0.72Buybacks−0.12Dividends paid−0.05Fiscal year 2020Operating cash flow0.67Buybacks−0.07Dividends paid−0.10Fiscal year 2021Operating cash flow−2.65Buybacks0.00Dividends paid−0.13Fiscal year 2022Operating cash flow2.25Buybacks0.00Dividends paid−0.17Fiscal year 2023Operating cash flow−0.33Buybacks0.00Dividends paid−0.17Fiscal year 2024Operating cash flow−2.74Buybacks0.00Dividends paid−0.18Fiscal year 2025Operating cash flow−2.68Buybacks−0.07
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 0.28 0.38 0.54 0.72 0.67 −2.65 2.25 −0.33 −2.74 −2.68
Buybacks n/a 0.00 −0.04 −0.12 −0.07 0.00 0.00 0.00 0.00 −0.07
Dividends paid n/a 0.00 0.00 −0.05 −0.10 −0.13 −0.17 −0.17 −0.18 n/a

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash0.28Shareholders’ equity1.89Fiscal year 2017Cash0.42Shareholders’ equity2.23Fiscal year 2018Cash0.50Shareholders’ equity2.61Fiscal year 2019Cash0.43Shareholders’ equity3.02Fiscal year 2020Cash2.67Total debt0.00Net cash (debt)2.67Shareholders’ equity3.41Debt to equity0.00Fiscal year 2021Cash0.52Total debt0.78Net cash (debt)−0.26Shareholders’ equity4.96Debt to equity0.16Fiscal year 2022Cash1.04Total debt1.31Net cash (debt)−0.26Shareholders’ equity5.36Debt to equity0.24Fiscal year 2023Cash1.58Total debt0.45Net cash (debt)1.13Shareholders’ equity6.08Debt to equity0.07Fiscal year 2024Cash4.10Total debt2.42Net cash (debt)1.67Shareholders’ equity6.71Debt to equity0.36Fiscal year 2025Cash3.60Total debt1.39Net cash (debt)2.20Shareholders’ equity7.65Debt to equity0.18
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.28 0.42 0.50 0.43 2.67 0.52 1.04 1.58 4.10 3.60
Total debt n/a n/a n/a n/a 0.00 0.78 1.31 0.45 2.42 1.39
Net cash (debt) n/a n/a n/a n/a 2.67 −0.26 −0.26 1.13 1.67 2.20
Shareholders’ equity 1.89 2.23 2.61 3.02 3.41 4.96 5.36 6.08 6.71 7.65
Debt to equity n/a n/a n/a n/a 0.00 0.16 0.24 0.07 0.36 0.18

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In billions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
n/a n/a n/a n/a n/a 0.04 0.04 0.10 0.07 0.14
Growth +17.3% +123.6% −31.0% +99.7%
0.36 0.45 0.51 0.60 0.62 1.12 1.32 0.93 0.99 1.21
0.10 0.13 0.07 0.11 0.12 0.22 0.26 0.21 0.20 0.22
0.26 0.33 0.44 0.50 0.51 0.90 1.06 0.72 0.79 0.97
Growth +25.3% +33.9% +14.5% +1.5% +77.5% +17.6% −31.7% +9.0% +23.0%
Per share
2.52 3.12 4.16 4.86 5.06 8.72 9.74 6.55 7.14 8.79
2.50 3.10 4.14 4.84 5.04 8.67 9.70 6.54 7.09 8.73
Growth +24.0% +33.5% +16.9% +4.1% +72.0% +11.9% −32.6% +8.4% +23.1%
103.0 104.2 104.7 102.7 100.2 102.7 107.2 108.3 108.6 108.8
103.8 105.0 105.4 103.1 100.5 103.3 107.6 108.5 109.3 109.5
Growth +1.1% +0.4% −2.2% −2.5% +2.8% +4.2% +0.8% +0.7% +0.2%

Five years in brief

Worked out from the figures above, not from a press release
  • The diluted share count rose 9.0% in five years, which is dilution.
  • Profitable in every one of the 10 years on file.