Western Alliance Bancorporation (WAL) Income Statement Analysis

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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

Website: https://www.westernalliancebancorporation.com

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

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