WAL
Western Alliance Bancorporation
NYSE: WAL · FINANCIAL SERVICES · BANKS - REGIONAL
$79.67
-0.99% today
Updated 2026-04-29
Market cap
$8.66B
P/E ratio
9.27
P/S ratio
2.56x
EPS (TTM)
$8.59
Dividend yield
1.99%
52W range
$66 – $97
Volume
1.5M
Western Alliance Bancorporation (WAL) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $102.39M | $328.36M | $335.38M | $324.24M | $284.49M | $294.99M | $334.14M | $372.58M | $440.04M | $550.60M | $738.61M | $882.91M | $1.07B | $1.29B | $1.33B | $1.84B | $2.30B | $2.13B | $5.02B | $5.28B |
| Revenue growth (YoY) | — | +220.7% | +2.1% | -3.3% | -12.3% | +3.7% | +13.3% | +11.5% | +18.1% | +25.1% | +34.1% | +19.5% | +20.9% | +20.5% | +3.7% | +38.2% | +24.6% | -7.4% | +135.9% | +5.2% |
| Cost of revenue | $88.96M | $146.19M | $168.87M | $222.83M | $142.47M | $85.11M | $74.88M | $42.98M | $36.21M | $35.77M | $51.29M | $78.10M | $142.60M | $203.90M | $218.50M | $53.50M | $55.50M | $430.70M | $2.07B | $2.05B |
| Gross profit | $13.43M | $182.17M | $166.50M | $101.41M | $142.02M | $209.88M | $259.26M | $329.60M | $403.83M | $514.83M | $687.32M | $804.81M | $925.10M | $1.08B | $1.12B | $1.84B | $2.30B | $1.70B | $2.95B | $3.22B |
| Gross margin | 13.1% | 55.5% | 49.6% | 31.3% | 49.9% | 71.1% | 77.6% | 88.5% | 91.8% | 93.5% | 93.1% | 91.2% | 86.6% | 84.1% | 83.6% | 100.0% | 100.0% | 79.7% | 58.8% | 61.1% |
| R&D | — | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — |
| SG&A | $54.77M | $76.58M | $103.69M | $138.55M | $86.59M | $93.14M | $105.04M | $113.43M | $126.63M | $149.83M | $188.81M | $214.34M | $253.20M | $279.30M | $303.60M | $489.70M | $570.60M | $756.70M | $631.10M | $115.90M |
| Operating income | $61.48M | $48.39M | $-290.63M | $-185.35M | $-10.58M | $50.34M | $101.06M | $145.66M | $197.50M | $258.54M | $361.18M | $451.82M | $510.30M | $604.20M | $622.50M | $1.12B | $1.81B | $865.20M | $991.20M | $1.21B |
| Operating margin | 60.0% | 14.7% | -86.7% | -57.2% | -3.7% | 17.1% | 30.2% | 39.1% | 44.9% | 47.0% | 48.9% | 51.2% | 47.8% | 47.0% | 46.7% | 60.9% | 78.9% | 40.7% | 19.8% | 22.9% |
| EBITDA | $68.14M | $61.17M | $-277.75M | $-169.86M | $3.51M | $60.96M | $104.32M | $148.04M | $198.96M | $267.00M | $373.67M | $465.21M | $524.60M | $633.20M | $657.10M | $1.17B | $1.39B | $1.02B | $1.11B | $1.21B |
| EBITDA margin | 66.6% | 18.6% | -82.8% | -52.4% | 1.2% | 20.7% | 31.2% | 39.7% | 45.2% | 48.5% | 50.6% | 52.7% | 49.1% | 49.2% | 49.3% | 63.6% | 60.5% | 48.0% | 22.1% | 22.9% |
| EBIT | $61.48M | $48.39M | $-290.63M | $-185.35M | $-10.58M | $50.34M | $101.06M | $145.66M | $197.50M | $258.54M | $361.18M | $451.82M | $510.30M | $604.20M | $622.50M | $1.11B | $1.32B | $933.60M | $991.20M | — |
| Interest expense | $84.30M | $125.93M | $100.68M | $73.73M | $49.26M | $38.92M | $28.03M | $29.76M | $31.49M | $32.57M | $43.29M | $60.85M | $117.60M | $184.60M | $94.90M | $109.90M | $475.50M | $1.70B | $1.92B | $1.83B |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $39.89M | $32.88M | $-236.46M | $-151.41M | $-7.20M | $31.49M | $72.64M | $114.97M | $147.95M | $194.24M | $259.80M | $325.49M | $435.80M | $499.20M | $506.60M | $899.20M | $1.06B | $722.40M | $787.70M | $969.00M |
| Net income growth (YoY) | — | -17.6% | -819.3% | +36.0% | +95.2% | +537.7% | +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% |
| Profit margin | 39.0% | 10.0% | -70.5% | -46.7% | -2.5% | 10.7% | 21.7% | 30.9% | 33.6% | 35.3% | 35.2% | 36.9% | 40.8% | 38.8% | 38.0% | 48.8% | 46.0% | 34.0% | 15.7% | 18.4% |