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Complete financial analysis of Western Alliance Bancorporation (WAL) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Western Alliance Bancorporation, a leading company in the Banks – Regional industry within the Financial Services sector.
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Western Alliance Bancorporation (WAL)
Industry: Banks - Regional
Sector: Financial Services
About Western Alliance Bancorporation
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.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2.56B | 2.30B | 1.84B | 1.20B | 1.05B | 922.61M | 807.83M | 694.32M | 517.35M | 408.45M | 341.73M | 305.72M | 292.35M | 277.58M | 252.33M | 234.69M | 202.43M | 162.22M | 114.48M | 79.86M | 45.30M | 5.52M | 3.44M |
| Cost of Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -1.05M | 0.00 | 0.00 | 0.00 | 0.00 | 21.28M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 2.56B | 2.30B | 1.84B | 1.20B | 1.05B | 922.61M | 807.83M | 694.32M | 517.35M | 409.51M | 341.73M | 305.72M | 292.35M | 277.58M | 231.06M | 234.69M | 202.43M | 162.22M | 114.48M | 79.86M | 45.30M | 5.52M | 3.44M |
| Gross Profit Ratio | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.26% | 100.00% | 100.00% | 100.00% | 100.00% | 91.57% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 756.70M | 570.60M | 489.70M | 316.90M | 291.20M | 267.24M | 228.39M | 201.71M | 160.83M | 135.49M | 121.53M | 113.56M | 112.31M | 151.58M | 95.47M | 88.35M | 76.58M | 54.77M | 36.82M | 25.59M | 15.62M | 0.00 | 7.59M |
| Selling & Marketing | 21.80M | 22.10M | 13.50M | 4.10M | 4.20M | 3.77M | 3.80M | 3.60M | 2.89M | 2.30M | 2.58M | 5.61M | 4.68M | 4.06M | 6.46M | 10.25M | 6.82M | 4.24M | 2.81M | 1.67M | 989.00K | 0.00 | 4.06M |
| SG&A | 778.50M | 592.70M | 503.20M | 321.00M | 295.40M | 271.01M | 232.19M | 205.30M | 163.72M | 137.79M | 124.11M | 119.16M | 116.99M | 155.64M | 95.47M | 98.60M | 83.40M | 59.01M | 39.62M | 27.26M | 16.60M | 0.00 | 11.65M |
| Other Expenses | 0.00 | -470.70M | -1.22B | -897.20M | -742.93M | -594.37M | -516.04M | -495.15M | -389.96M | 0.00 | -350.45M | -349.56M | 226.00K | -1.81M | 43.78M | -523.23M | -111.50M | -75.46M | -78.10M | -56.39M | -36.24M | 16.89M | 0.00 |
| Operating Expenses | 882.90M | 122.00M | -720.90M | -576.20M | -447.54M | -294.68M | -283.85M | -289.85M | -226.25M | 16.58M | -226.35M | -230.40M | 117.21M | 153.83M | 15.58M | -424.64M | -28.11M | -16.45M | -38.48M | -29.12M | -19.64M | 16.89M | 11.65M |
| Cost & Expenses | 882.90M | 122.00M | -720.90M | -576.20M | -447.54M | -294.68M | -283.85M | -289.85M | -226.25M | 15.53M | -226.35M | -230.40M | 117.21M | 153.83M | 36.85M | -424.64M | -28.11M | -16.45M | -38.48M | -29.12M | -19.64M | 16.89M | 11.65M |
| Interest Income | 3.87B | 2.69B | 1.66B | 1.26B | 1.23B | 1.03B | 845.51M | 700.51M | 525.14M | 416.38M | 362.66M | 318.30M | 296.59M | 281.81M | 276.02M | 295.59M | 305.82M | 233.09M | 134.91M | 90.86M | 53.82M | 39.12M | 35.71M |
| Interest Expense | 1.70B | 475.50M | 109.90M | 94.90M | 184.63M | 117.60M | 60.85M | 43.29M | 32.57M | 31.49M | 29.76M | 28.03M | 38.92M | 49.26M | 73.73M | 100.68M | 125.93M | 84.30M | 32.57M | 19.72M | 12.80M | 9.77M | 9.14M |
| Depreciation & Amortization | 86.50M | 74.60M | 62.20M | 34.60M | 28.92M | 12.19M | 13.39M | 11.99M | 1.97M | 1.46M | 2.39M | 3.26M | 4.76M | 6.11M | 3.78M | 12.87M | 12.78M | 7.73M | 5.00M | 6.33M | 4.74M | 0.00 | 14.30M |
| EBITDA | 1.02B | 1.39B | 1.17B | 657.10M | 633.23M | 524.63M | 465.21M | 373.67M | 267.00M | 198.96M | 148.04M | 102.54M | 60.96M | -4.47M | 0.00 | -277.54M | 0.00 | 0.00 | 48.44M | 37.35M | 0.00 | 22.42M | 18.09M |
| EBITDA Ratio | 39.89% | 82.16% | 63.62% | 52.06% | 57.60% | 69.61% | 65.12% | 58.66% | 56.65% | 56.14% | 52.31% | 43.96% | 33.48% | 17.92% | -41.13% | -75.45% | 92.43% | 94.63% | 70.76% | 71.46% | 67.11% | 405.92% | 526.45% |
| Operating Income | 865.20M | 1.81B | 1.12B | 622.50M | 604.23M | 627.93M | 523.99M | 404.47M | 291.11M | 149.11M | 115.38M | 75.32M | 33.49M | 43.64M | -107.57M | -189.94M | 174.32M | 145.77M | 76.01M | 50.74M | 25.66M | 22.42M | 3.79M |
| Operating Income Ratio | 33.84% | 78.91% | 60.90% | 51.93% | 57.45% | 68.06% | 64.86% | 58.25% | 56.27% | 36.51% | 33.76% | 24.64% | 11.46% | 15.72% | -42.63% | -80.93% | 86.12% | 89.86% | 66.39% | 63.53% | 56.65% | 405.92% | 110.36% |
| Total Other Income/Expenses | 68.40M | -356.70M | -210.60M | -66.40M | -29.00M | -79.87M | -59.77M | -61.07M | -51.42M | -36.40M | -29.94M | 23.96M | 16.85M | -10.58M | -88.42M | -12.87M | -125.93M | -350.00K | -5.00M | -6.33M | -12.80M | 24.02M | -2.37M |
| Income Before Tax | 933.60M | 1.32B | 1.12B | 622.50M | 604.23M | 510.33M | 451.82M | 361.18M | 258.54M | 197.50M | 140.64M | 99.29M | 50.34M | -10.58M | -193.01M | -290.63M | 48.39M | 61.48M | 43.44M | 31.02M | 12.86M | 12.64M | 8.95M |
| Income Before Tax Ratio | 36.51% | 57.29% | 60.90% | 51.93% | 57.45% | 55.31% | 55.93% | 52.02% | 49.97% | 48.35% | 41.15% | 32.48% | 17.22% | -3.81% | -76.49% | -123.83% | 23.90% | 37.90% | 37.94% | 38.84% | 28.39% | 228.98% | 260.52% |
| Income Tax Expense | 211.20M | 258.80M | 223.80M | 115.90M | 105.06M | 74.54M | 126.33M | 101.38M | 64.29M | 48.39M | 25.25M | 23.96M | 16.85M | -6.41M | -41.61M | -54.17M | 15.51M | 21.59M | 15.37M | 10.96M | 4.17M | 4.24M | 3.00M |
| Net Income | 722.40M | 1.06B | 899.20M | 506.60M | 499.17M | 435.79M | 325.49M | 259.80M | 194.24M | 147.95M | 114.52M | 72.83M | 31.49M | -7.20M | -151.41M | -236.46M | 32.88M | 39.89M | 28.07M | 20.06M | 8.69M | 8.41M | 5.95M |
| Net Income Ratio | 28.25% | 46.03% | 48.77% | 42.26% | 47.46% | 47.23% | 40.29% | 37.42% | 37.55% | 36.22% | 33.51% | 23.82% | 10.77% | -2.59% | -60.00% | -100.75% | 16.24% | 24.59% | 24.52% | 25.11% | 19.18% | 152.28% | 173.20% |
| EPS | 6.55 | 9.74 | 8.72 | 5.06 | 4.86 | 4.16 | 3.12 | 2.52 | 2.05 | 1.69 | 1.33 | 0.84 | 0.19 | -0.10 | -2.57 | -7.24 | 1.14 | 1.56 | 1.36 | 1.17 | 0.61 | 0.79 | 0.55 |
| EPS Diluted | 6.54 | 9.71 | 8.67 | 5.04 | 4.84 | 4.13 | 3.10 | 2.50 | 2.03 | 1.67 | 1.31 | 0.83 | 0.19 | -0.10 | -2.57 | -7.24 | 1.06 | 1.41 | 1.24 | 1.09 | 0.59 | 0.78 | 0.54 |
| Weighted Avg Shares Out | 108.30M | 107.20M | 102.70M | 100.20M | 102.67M | 104.70M | 104.18M | 103.04M | 94.57M | 86.69M | 85.68M | 82.29M | 80.91M | 75.08M | 58.81M | 32.65M | 28.84M | 25.57M | 20.64M | 17.14M | 14.31M | 10.64M | 10.82M |
| Weighted Avg Shares Out (Dil) | 108.50M | 107.60M | 103.30M | 100.50M | 103.13M | 105.40M | 105.00M | 103.84M | 95.22M | 87.51M | 86.54M | 82.91M | 81.18M | 75.08M | 58.81M | 32.65M | 31.01M | 28.29M | 22.63M | 18.40M | 14.61M | 10.78M | 11.02M |
Western Alliance (WAL) Reports Q2 Earnings: What Key Metrics Have to Say
Western Alliance Bancorporation Reports Second Quarter 2023 Financial Results
Western Alliance stock falls more than 5% after bank narrowly misses profit expectations, but says it is on track to ‘return to normal'
Western Alliance Bancorp: All Eyes On Q2 - Key Metrics To Watch
Western Alliance Bancorporation Announces Second Quarter 2023 Earnings Release Date, Conference Call and Webcast
Megabank profits on tap after eventful Q2 of bank failures and climbing interest rates
This Regional Bank Is Going to Surprise the Skeptics
Rising From The Ashes: 5 Undervalued Regional Bank Stocks Poised Growth As Industry Rebounds - East West Bancorp (NASDAQ:EWBC), Western Alliance (NYSE:WAL), Zions Bancorp (NASDAQ:ZION), Huntington Bancshares (NASDAQ:HBAN), Columbia Banking System (NASDAQ:COLB), SPDR S&P Regional Banking ETF (ARCA:KRE)
Western Alliance: The Banking Crisis Is Likely Over, Buy The Preferreds
Trading Regional Banks – Is The Crisis Really Over?
Source: https://incomestatements.info
Category: Stock Reports