YouTube · Q1 2026 · 2026-04-24
WAL · NYSE
Western Alliance Bancorporation
Banks - Regional · United States
USD 76.330.3% daily changeQuote 2026-10-06 · USD
- Market cap (USD)
- US$8.33B
- Trailing P/E
- 8.61x
- Forward P/E
- 6.80x
- Quarterly revenue growth
- 13.6%
- Trailing net margin
- 28.2%
- Indicated dividend yield
- 2.2%
Snapshot 2026-10-06 · Latest financial period 2026-06-30 · Yahoo Finance. Quotes may be delayed; reporting periods can differ.
Next earnings: 2026-10-21 (provider estimate, not issuer-confirmed).
Company background
Western Alliance Bancorporation operates as the bank holding company for Western Alliance Bank that provides various banking products and related services primarily in Arizona, California, and Nevada. It operates through Commercial and Consumer Related segments. The company offers deposit products, including demand deposit, checking, savings, and money market accounts, as well as fixed-rate and fixed maturity certificates of deposit accounts; treasury management products and services to small and middle-market businesses, specialized banking services to sophisticated commercial institutions and investors; and residential mortgage products and services. It also provides commercial and industrial loan products, such as working capital lines of credit, loans to technology companies, inventory and accounts receivable lines, mortgage warehouse lines, equipment loans and leases, and other commercial loans; commercial real estate loans, which are secured by multifamily residential properties, professional offices, industrial facilities, retail centers, hotels, and other commercial properties; construction and land development loans for single family and multifamily residential projects, industrial/warehouse properties, office buildings, retail centers, medical office facilities, and residential lot developments; and consumer loans. In addition, the company offers other financial services, such as internet banking, wire transfers, electronic bill payment and presentment, funds transfer and other digital payment offerings, lock box services, courier, and cash management services. Further, the company holds certain investment securities, municipal and non-profit loans, and leases; invests primarily in low-income housing tax credits and small business investment corporations; and certain real estate loans and related securities. Western Alliance Bancorporation was founded in 1994 and is headquartered in Phoenix, Arizona.
Company websiteQ1 2026
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Comparable businesses
WAL peer comparison
Same business group first, then company size. Preferred market cap: 0.5–2x; extended range: one-third–3x. Outside that range, industry benchmarks are labeled separately and excluded from peer medians.
| Metric | WALWestern Alliance BancorporationSnapshot 2026-10-06Financial period: 2026-06-30 | COLBColumbia Banking System, Inc.Snapshot 2026-10-06Financial period: 2026-06-30 | ZIONZions Bancorporation, National AssociationSnapshot 2026-10-06Financial period: 2026-06-30 | Peer medianSimilar-size peers only |
|---|---|---|---|---|
| Market capMarket value, converted to USD | US$8.33B | US$8.19B | US$9.28B | US$8.74Bn=2 |
| Forward P/EProvider forward earnings estimate | 6.80x | 8.79x | 9.35x | 9.07xn=2 |
| Revenue growthLatest quarter vs prior-year quarter | 13.6% | 35.1% | 35.2% | 35.1%n=2 |
| Trailing P/ETrailing twelve-month earnings | 8.61x | 11.40x | 8.10x | 9.75xn=2 |
| Price / bookPrice / positive book equity per share | 1.09x | 1.08x | 1.22x | 1.15xn=2 |
| EV / salesEnterprise value / trailing revenue | — | — | — | — |
| Earnings growthLatest quarter vs prior-year quarter | 14.0% | 0.2% | 87.1% | 43.6%n=2 |
| Gross marginTrailing twelve months | — | — | — | — |
| Net marginTrailing twelve months | 28.2% | 28.4% | 31.8% | 30.1%n=2 |
| Return on equityProvider trailing return; positive equity only | 13.0% | 11.0% | 16.4% | 13.7%n=2 |
| Free cash flow marginTrailing free cash flow / revenue | — | — | — | — |
| Dividend yieldIndicated annual dividend / price | 2.2% | 5.1% | 3.0% | 4.1%n=2 |
| Earnings payoutProvider trailing dividend payout | 18.5% | 57.6% | 22.9% | 40.3%n=2 |
| Current ratioCurrent assets / current liabilities | — | — | — | — |
| BetaProvider historical market sensitivity | 1.42 | 0.69 | 0.83 | 0.76n=2 |
YouTube · Q1 2026 · 2026-04-24
YouTube · Q1 2026 · 2026-04-20
Comparison methodology & limitations
Reviewed operating groups override broad sector classifications. Other companies are matched only within a sufficiently specific provider industry. Business mix, geography and accounting standards can still differ. Market caps are converted to USD using exchange rates captured during the snapshot refresh. Financial ratios that would mix currencies are omitted. Snapshots must be at most 14 days old and no more than seven days apart for automatic selection.
Peer medians require at least two valid similar-size peers for each metric. Negative earnings, nonpositive equity, missing data and irrelevant bank ratios are not presented as attractive valuations. A higher or lower number is not automatically a better investment. Financial statement periods are not calendar-aligned across companies.
Reported performance
Financial trends
Periods are grouped by their ending calendar year or quarter, not identical fiscal calendars. Exact period-end dates appear in tooltips and reported figures. When reporting currencies differ and a recent captured FX rate is available, money and EPS are normalized to USD for comparison. This is not a historical FX restatement. Gaps are not estimated.
Financial statements load separately from the research page.
Source: . Window ends at the latest available reporting period.
Revenue
Reported figures
Financial data & calculation notes
Standalone charts use the stated reporting currency. When a chart comparison spans currencies, money and EPS can be normalized to USD using a recent captured FX snapshot; this is for comparison only, not a historical FX restatement. Stock-based compensation is noncash. Free cash flow is operating cash flow less capital spending, which may include capitalized software. Missing metrics are not estimated or assumed to be zero. Banking and insurance ratios require industry-specific interpretation. Latest restatements may differ from figures in older episodes.
Market context
Valuation & price history
Adjusted closing price
Price history loads separately.
Price figures
Earnings-multiple scenario
Illustrative price = your earnings-per-share assumption × your P/E assumption. This is not a price target or a complete valuation model.
Starting assumptions, when available, use provider forward estimates as of 2026-10-06. Negative earnings require a different valuation method. This calculation omits balance-sheet, dilution and execution risks.
THE RESEARCH RECORD
Research history for WAL
Q1 20262026-04-22
WAL Stock: EPS Beats by 11% — Q1 2026 Earnings Analysis
Presentation · 2026-04-22 · YouTube