WAL on NYSE

Western Alliance Bancorporation

Logo: https://www.westernalliancebancorporation.com/locations, Non-free logo, via Wikipedia4

Bank holding company headquartered in Phoenix

Western Alliance Bancorporation is a regional bank holding company headquartered in Phoenix. It is on the list of largest banks in the United States and is ranked 97th on the Forbes list of America's Best Banks.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 18, 2026.

Overview

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  • TickerWAL on NYSE1
  • Industrybank1
  • HeadquartersPhoenix, United States1
  • Websitewww.westernalliancebancorporation.com
  • Legal formDelaware corporation1
  • Incorporated inDE5
  • Business addressOne E. Washington Street, Phoenix, Az 850045
  • Filer categoryLarge accelerated filer5

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Western Alliance Bancorporation is a regional bank holding company headquartered in Phoenix. It is on the list of largest banks in the United States and is ranked 97th on the Forbes list of America's Best Banks.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

713.5%Net margin7
99.7%Revenue growth, 20257
12.7%Return on equity7
0.18×Debt to equity7

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Income tax18¢$216.6M
  • Profit82¢$969.0M

Out of $135.8M in revenue.7

Financial statements

Revenue897$135.8M in 2025+261% since 2021
0$50.0M$100.0M$150.0M2021: $37.6M$37.6M20212022: $44.1M$44.1M2022+17%2023: $98.6M$98.6M2023+124%2024: $68.0M$68.0M2024−31%2025: $135.8M$135.8M2025+100%
Net income1011897$969.0M in 2025+94% since 2019
0$500.0M$1.0B$1.5B2019: $499.2M$499.2M20192020: $506.6M$506.6M2020+1%2021: $899.2M$899.2M2021+77%2022: $1.1B$1.1B2022+18%2023: $722.4M$722.4M2023−32%2024: $787.7M$787.7M2024+9%2025: $969.0M$969.0M2025+23%

Every line of the income statement in the latest annual report, as filed.7

Period ending2025-12-312024-12-312023-12-31
Loans, including fees$3.7B$3.6B$3.4B
Investment securities$815.9M$703.6M$459.9M
Dividends and other$197.2M$208.4M$165.7M
Total interest income$4.7B$4.5B$4.0B
Deposits$1.5B$1.6B$1.1B
Qualifying debt$32.8M$38.0M$37.9M
Other borrowings$257.5M$284.0M$515.9M
Total interest expense$1.8B$1.9B$1.7B
Net interest income$2.9B$2.6B$2.3B
Provision for (recovery of) credit losses$224.1M$145.9M$62.6M
Net interest income after provision for credit losses$2.6B$2.5B$2.3B
Service charges and fees$194.3M$109.6M$110.3M
Net gain on mortgage loan origination and sale activities$255.5M$206.3M$193.5M
Net loan servicing revenue$77.8M$121.5M$102.3M
Income from equity investments$18.1M$38.2M$15.7M
Income from bank owned life insurance$46.0M$27.8M$4.5M
Gain (loss) on sales of investment securities$29.4M$17.4M-$40.8M
Fair value gain (loss) adjustments, net$12.9M$7.5M-$116.0M
Other income$44.2M$14.9M$11.2M
Non-interest income$678.2M$543.2M$280.7M
Salaries and employee benefits$757.5M$631.1M$566.3M
Deposit costs$630.5M$693.2M$436.7M
Insurance$117.5M$164.8M$190.4M
Data processing$187.2M$149.7M$122.0M
Legal, professional, and directors' fees$115.9M$109.4M$107.2M
Occupancy$70.6M$73.1M$65.6M
Loan servicing expenses$69.2M$68.1M$58.8M
Business development and marketing$28.7M$32.7M$21.8M
Loan acquisition and origination expenses$26.2M$21.5M$20.4M
Extinguishment of debt$0$0-$52.7M
Other non-interest expense$108.4M$81.4M$86.9M
Total non-interest expense$2.1B$2.0B$1.6B
Income (loss) before provision for income taxes$1.2B$991.2M$933.6M
Income tax expense$216.6M$203.5M$211.2M
Net income$990.6M$787.7M$722.4M
Net income attributable to noncontrolling interest$21.6M$0$0
Net income attributable to Western Alliance$969.0M$787.7M$722.4M
Dividends on preferred stock$12.8M$12.8M$12.8M
Net income available to common stockholders$956.2M$774.9M$709.6M
Earnings per share, basic (dollars per share)$8.79$7.14$6.55
Earnings per share, diluted (dollars per share)$8.73$7.09$6.54
Weighted average number of common shares outstanding, basic (shares)108.8M shares108.6M shares108.3M shares
Weighted average number of common shares outstanding, diluted (shares)109.5M shares109.3M shares108.5M shares
Dividends declared per common share (dollars per share)$1.56$1.49$1.45

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The story

The bank was founded in 1994 in Las Vegas, Nevada.

In 2010, it moved its headquarters to Phoenix, Arizona.

In October 2012, it acquired Western Liberty Bancorp for $55 million.

In April 2021, the company acquired AmeriHome for $1.22 billion.

During the 2023 United States banking crisis, the company's share price fell due its exposure to the technology sector and its amount of uninsured deposits; however, the share price rallied to new highs quickly.

From Wikipedia’s article on Western Alliance Bancorporation, shared under CC BY-SA 4.0.6

Leadership

Who has led Western Alliance Bancorporation, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Robert Gary Sarver2006–2019
  2. Kenneth Vecchione2018–now

Chair

  1. Robert Gary Sarver2006–2022
  2. Kenneth Vecchione2026–now

President

  1. Robert Gary Sarver2006–2010
  2. Kenneth Vecchione2010–now

Chief financial officer

  1. Dale Gibbons2006–2025
  2. Vishal Idnani2025–now

Chief operating officer

  1. Kenneth Vecchione2010–2013
  2. James Haught2017–2019
  3. Timothy W. Boothe2019–2024
2010201520202025
Board members and other officers (56)

Timeline

  1. Jul 30, 2018New chief executive Kenneth Vecchione becomes CEO15
  2. May 29, 2014Founded Western Alliance Bancorporation is founded78
  3. Jan 19, 2006New chief executive Robert Gary Sarver becomes CEO16

Recent filings

  1. Sep 17, 20264
  2. Sep 17, 20264
  3. Sep 17, 20264
  4. Sep 17, 20264
  5. Sep 17, 20264
  6. Sep 17, 20264
  7. Sep 17, 20264
  8. Sep 17, 20264
  9. Sep 17, 20264
  10. Aug 18, 20264
  11. Aug 18, 20264
  12. Aug 18, 20264
  13. Aug 18, 20264
  14. Aug 18, 20264
  15. Aug 18, 20264

Every filing from the last three years, summarized. The full record is on SEC EDGAR.2

Sources

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