# Western Alliance Bancorporation: overview

WAL · NYSE · CIK 1212545 · [Financials](/sectors/financials.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/wal.md) · [Financials](/companies/wal/financials.md) · [Filings](/companies/wal/filings.md) · [Insiders](/companies/wal/insiders.md)

Latest reported revenue: [$45.7m](/filings/0001628280-26-051418.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Jul 31, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001628280-26-051418).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [15.2](/filings/0001628280-25-047883.md) | [22.1 d](/filings/0001628280-26-010336.md) | [23.0](/filings/0001628280-26-033054.md) | [23.5](/filings/0001628280-26-051418.md) | [24.5](/filings/0001628280-25-047883.md) | [64.8 d](/filings/0001628280-26-010336.md) | [67.2](/filings/0001628280-26-033054.md) | [45.7](/filings/0001628280-26-051418.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Net margin | % | [1314.5%](/filings/0001628280-25-047883.md) | [981.4% d](/filings/0001628280-26-010336.md) | [865.7%](/filings/0001628280-26-033054.md) | [980.4%](/filings/0001628280-26-051418.md) | [1034.3%](/filings/0001628280-25-047883.md) | [441.5% d](/filings/0001628280-26-010336.md) | [271.0%](/filings/0001628280-26-033054.md) | [572.6%](/filings/0001628280-26-051418.md) |
| Diluted EPS | $ per share | [1.80](/filings/0001628280-25-047883.md) | not reported | [1.79](/filings/0001628280-26-033054.md) | [2.07](/filings/0001628280-26-051418.md) | [2.28](/filings/0001628280-25-047883.md) | not reported | [1.65](/filings/0001628280-26-033054.md) | [2.36](/filings/0001628280-26-051418.md) |
| Free cash flow | $m | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [37.6](/filings/0001212545-24-000092.md) | [44.1](/filings/0001212545-25-000090.md) | [98.6](/filings/0001628280-26-010336.md) | [68.0](/filings/0001628280-26-010336.md) | [136](/filings/0001628280-26-010336.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported | not reported | not reported |
| Net margin | % | [2391.5%](/filings/0001212545-24-000092.md) | [2397.5%](/filings/0001212545-25-000090.md) | [732.7%](/filings/0001628280-26-010336.md) | [1158.4%](/filings/0001628280-26-010336.md) | [713.5%](/filings/0001628280-26-010336.md) |
| Diluted EPS | $ per share | [8.67](/filings/0001212545-24-000092.md) | [9.70](/filings/0001212545-25-000090.md) | [6.54](/filings/0001628280-26-010336.md) | [7.09](/filings/0001628280-26-010336.md) | [8.73](/filings/0001628280-26-010336.md) |
| Free cash flow | $m | not reported | not reported | not reported | not reported | not reported |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/wal/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $926.9m | 11,276,134 |  | Added +297,557 |
| [Invesco Ltd.](/funds/914208.md) | 2026-06-30 | $482.6m | 5,871,003 |  | Added +652,089 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $447.2m | 5,439,993 |  | Added +228,862 |
| [AQR CAPITAL MANAGEMENT LLC](/funds/1167557.md) | 2026-06-30 | $423.0m | 5,151,917 |  | Added +4,244,622 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $384.1m | 4,673,084 |  | Added +22,627 |
| [WELLINGTON MANAGEMENT GROUP LLP](/funds/902219.md) | 2026-06-30 | $360.8m | 4,389,690 |  | Reduced −311,575 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $351.1m | 4,271,252 |  | Added +70,612 |
| [DIMENSIONAL FUND ADVISORS LP](/funds/354204.md) | 2026-06-30 | $330.8m | 4,024,180 |  | Added +210,185 |
| [Davis Asset Management, L.P.](/funds/1945894.md) | 2026-06-30 | $274.2m | 3,336,000 |  | Added +253,000 |
| [FMR LLC](/funds/315066.md) | 2026-06-30 | $195.1m | 2,373,997 |  | Reduced −3,895 |

## Recent filings

[All 2,199 filings](/companies/wal/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-30 | 17:18 ET | [8-K](/filings/0001628280-26-068622.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0001628280-26-068622 |
| 2026-10-30 | 16:38 ET | [10-Q](/filings/0001628280-26-068599.md) | Quarterly report, period 2026-09-30 | 0001628280-26-068599 |
| 2026-10-19 | 16:19 ET | [8-K](/filings/0001628280-26-066286.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001628280-26-066286 |
| 2026-07-31 | 16:20 ET | [10-Q](/filings/0001628280-26-051418.md) | Quarterly report, period 2026-06-30 | 0001628280-26-051418 |
| 2026-07-30 | 17:23 ET | [8-K](/filings/0001628280-26-051146.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0001628280-26-051146 |
| 2026-07-21 | 16:16 ET | [8-K](/filings/0001628280-26-049001.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001628280-26-049001 |
| 2026-06-11 | 16:51 ET | [8-K](/filings/0001628280-26-042555.md) | 5.07 Shareholder vote results; 9.01 Financial statements and exhibits | 0001628280-26-042555 |
| 2026-05-12 | 06:46 ET | [8-K](/filings/0001628280-26-033851.md) | 5.02 Departure or appointment of officers or directors; 9.01 Financial statements and exhibits | 0001628280-26-033851 |
| 2026-05-12 | 06:45 ET | [8-K](/filings/0001628280-26-033850.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001628280-26-033850 |
| 2026-05-11 | 17:49 ET | [10-Q](/filings/0001628280-26-033054.md) | Quarterly report, period 2026-03-31 | 0001628280-26-033054 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001628280-26-010336.md), filed Feb 23, 2026.

## Forecast league

Not in this season’s league. [This season’s league](/leagues.md)

## About the filer

- CIK: 1212545
- Tickers: WAL, WAL-PA
- Exchange: NYSE
- SIC code: 6022 State Commercial Banks
- State of incorporation: DE
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 30, 2026, 17:26 ET. No prices; not investment advice.