Latest revenue
$777.0M
as of 2026-03-31
Latest net income
$182.1M
as of 2026-03-31
Net margin
23.4%
as of 2026-03-31
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $8.58B
- Enterprise value
- $8.58B
- P/E (trailing)
- 8.9×
- Forward P/E
- —
- P/B
- —
- Dividend yield
- 2.1%
- 52-wk high
- $97.23
- 52-wk low
- $65.81
- Beta
- —
- Shares out
- 109.2M
5-year trend
What this company does
Table of Contents Item 1.Business. Organization Structure and Description of Services WAL is a bank holding company headquartered in Phoenix, Arizona, incorporated under the laws of the state of Delaware. WAL provides a full spectrum of customized loan, deposit, and treasury management capabilities, including funds transfer and other digital payment offerings through its wholly-owned banking subsidiary, WAB. Effective as of October 4, 2025, the Company completed its brand unity initiative, consolidating its legacy division bank brands: ABA, BON, FIB, Bridge, and TPB, under a single unified name, Western Alliance Bank. The Company also serves business customers through a national platform of…
AI summary unavailable — showing raw filing excerpt
Generated from WAL's filing dated 2026-02-23
Key risks
Table of Contents Item 1A.Risk Factors. Investing in our common stock involves various risks, many of which are specific to our business. The discussion below addresses the material risks and uncertainties, of which we are currently aware, that could have a material adverse effect on our business, results of operations, and financial condition. Other risks that we do not know about now, or that we do not currently believe are material, could negatively impact our business or the trading price of our securities. Additionally, investors should not interpret the disclosure of a risk to imply that the risk has not already materialized. See additional discussions about credit, interest rate,…
AI summary unavailable — showing raw filing excerpt
Generated from WAL's filing dated 2026-02-23
Profitability
Net margin
18.0%
16.4%Return on equity
12.7%
7.8%Return on assets
26.9%
48.3%Leverage
Debt / equity
-0.53×
31.6%Debt / assets
-112.8%
67.2%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-31 | $777.0M | +17.4% | $182.1M | -8.5% | 23.4% |
Q4 2025 2025-12-31 | $3.57B | +5.9% | $286.1M | +31.9% | 8.0% |
Q3 2025 2025-09-30 | $629.7M | +16.2% | $253.4M | +26.8% | 40.2% |
Q2 2025 2025-06-30 | $513.8M | +15.2% | $230.4M | +19.0% | 44.8% |
Q1 2025 2025-03-31 | $662.0M | -9.2% | $199.1M | +12.2% | 30.1% |
Q4 2024 2024-12-31 | $3.37B | — | $216.9M | — | 6.4% |
Q3 2024 2024-09-30 | $541.9M | +19.2% | $199.8M | -7.8% | 36.9% |
Q2 2024 2024-06-30 | $446.0M | +210.6% | $193.6M | -10.2% | 43.4% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
State Commercial Banks · SIC 6022
Your notes
Keep private notes on WAL — thesis, target price, catalysts to watch.
Visible only to you. Never shared. Never used to train AI.
Insider activity
Insider buying
$308.0K
Insider selling
$2.3M
Net activity
−$2.0M
Distinct insiders
4
Open-market trades over the last 365 days.
Recent transactions
| Date | Insider | Type | Shares | Price | Value |
|---|
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns WAL
Institutional value
$3.12B
Total shares held
44.5M
Distinct holders
288
-68 vs prior
As of
2026-03-31
Prior: 2025-12-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 11.0M | $777.8M | +462.7K (+4.4%) | Added |
| 2 | Invesco Ltd. | 5.2M | $369.8M | -767.6K (-12.8%) | Trimmed |
| 3 | VANGUARD PORTFOLIO MANAGEMENT LLC | 5.2M | $369.2M | — | New |
| 4 | VANGUARD CAPITAL MANAGEMENT LLC | 4.7M | $329.5M | — | New |
| 5 | DIMENSIONAL FUND ADVISORS LP | 3.8M | $270.2M | +36.5K (+1.0%) | Added |
| 6 | BARROW HANLEY MEWHINNEY & STRAUSS LLC | 2.4M | $167.4M | -4.1M (-63.4%) | Trimmed |
| 7 | BANK OF MONTREAL /CAN/ | 1.9M | $132.4M | +474.7K (+34.0%) | Added |
| 8 | Bank of New York Mellon Corp | 919.7K | $65.2M | +315 (+0.0%) | Added |
| 9 | CINCINNATI INSURANCE CO | 725.0K | $51.4M | +0 (+0.0%) | No change |
| 10 | VANGUARD FIDUCIARY TRUST CO | 644.5K | $45.7M | — | New |
| 11 | JANE STREET GROUP, LLC | 638.4K | $45.2M | +261.7K (+69.5%) | Added |
| 12 | Nuveen, LLC | 630.9K | $44.7M | +22.3K (+3.7%) | Added |
| 13 | UBS Group AG | 433.7K | $30.7M | +92.4K (+27.1%) | Added |
| 14 | FRANKLIN RESOURCES INC | 370.3K | $26.2M | +31.6K (+9.3%) | Added |
| 15 | RHUMBLINE ADVISERS | 298.4K | $21.1M | +3.6K (+1.2%) | Added |
| 16 | UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 293.2K | $20.8M | +491 (+0.2%) | Added |
| 17 | PRINCIPAL FINANCIAL GROUP INC | 230.1K | $16.3M | +8.1K (+3.6%) | Added |
| 18 | FIRST TRUST ADVISORS LP | 220.6K | $15.6M | -94.5K (-30.0%) | Trimmed |
| 19 | California Public Employees Retirement System | 207.2K | $14.7M | +14.3K (+7.4%) | Added |
| 20 | Swiss National Bank | 206.7K | $14.6M | +0 (+0.0%) | No change |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
Coming once WAL's latest filing finishes processing.