WAL Stock - Western Alliance Bancorporation
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $5.02B | $4.26B | $2.96B | $2.00B | $1.33B |
| Gross Profit | $2.95B | $2.50B | $2.42B | $1.92B | $1.12B |
| Gross Margin | 58.8% | 58.7% | 81.6% | 95.9% | 83.6% |
| Operating Income | $991.20M | $933.60M | $1.32B | $1.12B | $622.50M |
| Net Income | $787.70M | $722.40M | $1.06B | $899.20M | $506.60M |
| Net Margin | 15.7% | 17.0% | 35.7% | 44.9% | 38.0% |
| EPS | $7.14 | $6.55 | $9.74 | $8.72 | $5.06 |
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 in Commercial, Consumer Related, and Corporate & Other segments. The company offers deposit products, including checking, savings, and money market accounts, as well as fixed-rate and fixed maturity certificates of deposit accounts; and treasury management and residential mortgage products and services. It also offers 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 multi-family residential properties, professional offices, industrial facilities, retail centers, hotels, and other commercial properties; construction and land development loans for single family and multi-family residential projects, industrial/warehouse properties, office buildings, retail centers, medical office facilities, and residential lot developments; and consumer loans. In addition, the company provides other financial services, such as internet banking, wire transfers, electronic bill payment and presentment, lock box services, courier, and cash management services. Further, it 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 holds certain real estate loans and related securities. The company operates 36 branch locations, as well as loan production offices. Western Alliance Bancorporation was founded in 1994 and is headquartered in Phoenix, Arizona.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| September 29th 2025 | Wells Fargo | Downgrade | Underweight | $90 |
| September 25th 2025 | TD Cowen | Initiation | Buy | $118 |
| May 21st 2025 | Jefferies | Initiation | Buy | $95 |
| May 13th 2025 | Truist | Initiation | Buy | $92 |
| December 17th 2024 | UBS | Resumed | Buy | - |
| October 7th 2024 | Deutsche Bank | Upgrade | Buy | $101← $83 |
| April 22nd 2024 | Hovde Group | Resumed | Outperform | $75 |
| March 8th 2024 | Barclays | Initiation | Overweight | $91 |
| January 30th 2024 | Wells Fargo | Downgrade | Equal Weight | $72← $62 |
| December 1st 2023 | Citigroup | Initiation | Buy | $61 |
| August 25th 2023 | Piper Sandler | Resumed | Overweight | $60 |
| June 28th 2023 | Deutsche Bank | Initiation | Hold | $41 |
| May 16th 2023 | BofA Securities | Resumed | Buy | $42← $48 |
| May 5th 2023 | JP Morgan | Upgrade | Overweight | $46 |
| April 19th 2023 | Wedbush | Upgrade | Outperform | $50← $38 |
Earnings History & Surprises
WALEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 20, 2026 | — | — | — | — |
Q1 2026 | Jan 26, 2026 | $2.42 | — | — | — |
Q4 2025 | Oct 21, 2025 | $2.11 | $2.28 | +8.1% | ✓ BEAT |
Q3 2025 | Jul 17, 2025 | $2.02 | $2.07 | +2.5% | ✓ BEAT |
Q2 2025 | Apr 21, 2025 | $1.78 | $1.79 | +0.6% | ✓ BEAT |
Q1 2025 | Jan 27, 2025 | $1.92 | $1.95 | +1.6% | ✓ BEAT |
Q4 2024 | Oct 17, 2024 | $1.89 | $1.80 | -4.8% | ✗ MISS |
Q3 2024 | Jul 18, 2024 | $1.71 | $1.75 | +2.3% | ✓ BEAT |
Q2 2024 | Apr 18, 2024 | $1.66 | $1.60 | -3.6% | ✗ MISS |
Q1 2024 | Jan 25, 2024 | $1.93 | $1.91 | -1.0% | ✗ MISS |
Q4 2023 | Oct 19, 2023 | $1.91 | $1.84 | -3.7% | ✗ MISS |
Q3 2023 | Jul 18, 2023 | $1.98 | $1.96 | -1.0% | ✗ MISS |
Q2 2023 | Apr 18, 2023 | $2.05 | $2.30 | +12.2% | ✓ BEAT |
Q1 2023 | Jan 24, 2023 | $2.66 | $2.67 | +0.4% | ✓ BEAT |
Q4 2022 | Oct 20, 2022 | $2.62 | $2.42 | -7.6% | ✗ MISS |
Q3 2022 | Jul 21, 2022 | $2.30 | $2.39 | +3.9% | ✓ BEAT |
Q2 2022 | Apr 21, 2022 | $2.06 | $2.22 | +7.8% | ✓ BEAT |
Q1 2022 | Jan 27, 2022 | $2.30 | $2.32 | +0.9% | ✓ BEAT |
Q4 2021 | Oct 21, 2021 | $2.23 | $2.28 | +2.2% | ✓ BEAT |
Q3 2021 | Jul 15, 2021 | $1.95 | $2.17 | +11.3% | ✓ BEAT |
Latest News
UBS Maintains Buy on Western Alliance, Lowers Price Target to $105
📈 PositiveKeefe, Bruyette & Woods Maintains Outperform on Western Alliance, Lowers Price Target to $95
➖ NeutralTruist Securities Maintains Buy on Western Alliance, Raises Price Target to $93
📈 PositiveWells Fargo Maintains Underweight on Western Alliance, Lowers Price Target to $85
📉 Negative'Western Alliance Finds No More Irregularities in Loan Portfolio'- Bloomberg
📈 PositiveWestern Alliance Q3 EPS $2.28 Beats $2.08 Estimate, Sales $938.200M Beat $890.195M Estimate
📈 PositiveWestern Alliance Bank Forms Strategic Alliance With Clover Lending Group To Expand Multifamily Bond Financing For Senior Housing
📈 PositiveWestern Alliance sues borrower, alleging fraud; stock tanks
📉 NegativeWestern Alliance Says 'In August, The Bank Initiated A Lawsuit Alleging Fraud By The Borrower In Failing To Provide Collateral Loans In First Position, Among Other Claims. We Have Evaluated The Existing Collateral And Believe It Covers The Obligation, Based On "As-Is" Appraisals.
➖ NeutralRBC Capital Maintains Outperform on Western Alliance, Raises Price Target to $100
📈 Positive'Western Alliance Bancorp Faces Exposure To The Collapse Of Auto-Parts Supplier First Brands Group Through A Leveraged Facility With A Fund Linked To Jefferies Financial Group' - Bloomberg News
📉 NegativeWells Fargo Downgrades Western Alliance to Underweight, Raises Price Target to $90
➖ NeutralTD Cowen Initiates Coverage On Western Alliance with Buy Rating, Announces Price Target of $118
📈 PositiveWestern Alliance Bancorporation Announces New $300M Share Buyback Program
📈 PositiveCitigroup Maintains Buy on Western Alliance, Raises Price Target to $104
📈 PositiveFrequently Asked Questions about WAL
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