(WAL) Western Alliance - NYSE
Sector: Financial Services | Industry: Banks - Regional | Exchange: NYSE (USA) | Market Cap: 8.725m USD | Total Return: 10.1% in 12m
Avg Turnover: 78.2M
EPS Trend: -7.6%
Qual. Beats: -1
Rev. Trend: 95.7%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Western Alliance Bancorporation (NYSE: WAL) is a Phoenix-based bank holding company founded in 1994 that operates Western Alliance Bank, primarily serving customers in Arizona, California, and Nevada. The company conducts business through two segments-Commercial and Consumer Related-and offers a full suite of deposit products, treasury management, residential mortgages, and a wide range of lending solutions, including commercial and industrial loans, commercial real estate loans, construction and land development financing, and consumer loans. Additional services include internet banking, wire transfers, electronic bill payment, lock box, and cash management, alongside investments in municipal loans, low-income housing tax credits, and small business investment corporations.
As a mid-cap U.S. regional bank, Western Alliance operates under the bank holding company regulatory framework overseen by the Federal Reserve, with its subsidiary bank subject to FDIC oversight. Its business model is centered on relationship-based commercial banking to small and middle-market businesses, with net interest income from loans and deposits typically representing the largest share of revenue at community and regional banks of this type.
- Net interest margin expands on asset-sensitive loan repricing
- Commercial real estate loan losses pressure credit provisions
- Deposit growth outpaces regional bank peers
| Net Income: 959.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.02 > 0.02 and ΔFCF/TA 3.35 > 1.0 |
| NWC/Revenue: -1.24k% < 20% (prev -1.28k%; Δ 40.48% < -1%) |
| CFO/TA -0.02 > 3% & CFO -1.53b > Net Income 959.1m |
| Net Debt (-11.5b) to EBITDA (1.33b): -8.68 < 3 |
| Current Ratio: 0.21 > 1.5 & < 3 |
| Outstanding Shares: last quarter (109.3m) vs 12m ago -0.27% < -2% |
| Gross Margin: 60.00% > 18% (prev 59.01%; Δ 0.99% > 0.5%) |
| Asset Turnover: 6.08% > 50% (prev 6.08%; Δ -0.00% > 0%) |
| Interest Coverage Ratio: 0.66 > 6 (EBIT TTM 1.19b / Interest Expense TTM 1.80b) |
| A: -0.70 (Total Current Assets 18.5b - Total Current Liabilities 87.2b) / Total Assets 98.9b |
| B: 0.06 (Retained Earnings 5.74b / Total Assets 98.9b) |
| C: 0.01 (EBIT TTM 1.19b / Avg Total Assets 90.9b) |
| D: 0.08 (Book Value of Equity 7.62b / Total Liabilities 90.9b) |
| Altman-Z'' = -4.20 = D |
As of June 26, 2026, the stock is trading at USD 81.48 with a total of 906,258 shares traded. Over the past week, the price has changed by +3.89%, over one month by +2.39%, over three months by +15.83% and over the past year by +10.10%.
Current recommended Stop Loss: 76.70 (which is 5.9% or 2 ATR below the current price).
Western Alliance has received a consensus analysts rating of 4.20. Therefore, it is recommended to buy WAL.
- StrongBuy: 7
- Buy: 4
- Hold: 4
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 88.9 | 9.1% |
P/E Trailing = 9.3027
P/E Forward = 7.6864
P/S = 2.583
P/B = 1.1919
P/EG = 1.4666
Revenue TTM = 5.53b USD
EBIT TTM = 1.19b USD
EBITDA TTM = 1.33b USD
Long Term Debt = 2.16b USD (from longTermDebt, last quarter)
Short Term Debt = 4.52b USD (from shortTermDebt, last quarter)
Debt = 6.99b USD (from shortLongTermDebtTotal, last quarter) + Leases 154.0m
Net Debt = -11.5b USD (calculated: Debt 6.99b - CCE 18.5b)
Enterprise Value = 8.73b USD (floored to Market Cap, CCE > MCap+Debt)
Interest Coverage Ratio = 0.66 (Ebit TTM 1.19b / Interest Expense TTM 1.80b)
EV/FCF = -5.28x (Enterprise Value 8.73b / FCF TTM -1.65b)
FCF Yield = -18.96% (FCF TTM -1.65b / Enterprise Value 8.73b)
FCF Margin = -29.92% (FCF TTM -1.65b / Revenue TTM 5.53b)
Net Margin = 17.35% (Net Income TTM 959.1m / Revenue TTM 5.53b)
Gross Margin = 60.00% ((Revenue TTM 5.53b - Cost of Revenue TTM 2.21b) / Revenue TTM)
Gross Margin QoQ = 55.92% (prev 62.73%)
Tobins Q-Ratio = 0.09 (Enterprise Value 8.73b / Total Assets 98.9b)
Interest Expense / Debt = 25.82% (Interest Expense 1.80b / Debt 6.99b)
Taxrate = 17.73% (211.4m / 1.19b)
NOPAT = 980.7m (EBIT 1.19b * (1 - 17.73%))
Current Ratio = 0.21 (Total Current Assets 18.5b / Total Current Liabilities 87.2b)
Debt / Equity = 0.92 (Debt 6.99b / totalStockholderEquity, last quarter 7.62b)
Debt / EBITDA = -8.68 (Net Debt -11.5b / EBITDA 1.33b)
Debt / FCF = 6.96 (negative FCF - burning cash) (Net Debt -11.5b / FCF TTM -1.65b)
Total Stockholder Equity = 7.44b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.05% (Net Income 959.1m / Total Assets 98.9b)
RoE = 12.88% (Net Income TTM 959.1m / Total Stockholder Equity 7.44b)
RoCE = 12.41% (EBIT 1.19b / Capital Employed (Equity 7.44b + L.T.Debt 2.16b))
RoIC = 6.19% (NOPAT 980.7m / Invested Capital 15.9b)
WACC = 15.42% (E(8.73b)/V(15.7b) * Re(10.75%) + D(6.99b)/V(15.7b) * Rd(25.82%) * (1-Tc(0.18)))
Discount Rate = 10.75% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 50.60 | Cagr: 0.24%
[DCF] Fair Price = unknown (Cash Flow -1.65b)
EPS Correlation: -7.58 | EPS CAGR: -1.04% | SUE: -0.97 | # QB: -1
Revenue Correlation: 95.74 | Revenue CAGR: 13.32% | SUE: 0.76 | # QB: 0
EPS current Quarter (2026-06-30): EPS=2.41 | Chg30d=-0.37% | Revisions=-25% | Analysts=12
EPS next Quarter (2026-09-30): EPS=2.65 | Chg30d=-0.82% | Revisions=-50% | Analysts=12
EPS current Year (2026-12-31): EPS=9.31 | Chg30d=-1.56% | Revisions=-14% | GrowthEPS=+10.7% | GrowthRev=+14.6%
EPS next Year (2027-12-31): EPS=11.51 | Chg30d=-0.46% | Revisions=-50% | GrowthEPS=+23.5% | GrowthRev=+7.2%
[Analyst] Revisions Ratio: -50%