With more than $30 billion in assets, Western Alliance Bancorporation is one of the country's top-performing banking companies. The company has ranked in the top 10 on the Forbes 'Best Banks in America' list for five consecutive years, 2016-2020, and was named #1 best-performing of the 50 largest public U.S. banks for 2019 by S&P Global Market Intelligence. Its primary subsidiary, Western Alliance Bank, Member FDIC, helps business clients realize their ambitions with local teams of experienced bankers who deliver superior service and a full spectrum of customized loan, deposit and treasury management capabilities. Business clients also benefit from a powerful array of specialized financial services that provide strong expertise and tailored solutions for a wide variety of industries and sectors. A national presence with a regional footprint, Western Alliance Bank operates individually branded, full-service banking divisions and has offices in key markets nationwide.
Company profile
Ticker
WAL, WAL-PA
Exchange
Website
CEO
Kenneth Vecchione
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Western Alliance Corporate Finance • Western Alliance Public Finance • Western Alliance Resort Finance • CS Insurance Co. • BES Comp Services Co. • Digital Settlement Technologies, LLC • Helios Prime, Inc. • WA PWI, LLC • Western Alliance Trust Company • Western One, LLC ...
WAL stock data
Analyst ratings and price targets
Latest filings (excl ownership)
8-K
Regulation FD Disclosure
13 Mar 23
10-K
2022 FY
Annual report
23 Feb 23
8-K
Investor Update 1Q 2023
14 Feb 23
8-K/A
Departure of Directors or Certain Officers
9 Feb 23
8-K
Other Events
6 Feb 23
8-K
Fourth Quarter and Full Year 2022 Financial Results
24 Jan 23
8-K
Western Alliance Bancorporation Adds New Members to Board of Directors
8 Dec 22
8-K
Investor Update 4Q 2022
1 Nov 22
10-Q
2022 Q3
Quarterly report
1 Nov 22
8-K
Other Events
28 Oct 22
Transcripts
WAL
Earnings call transcript
2022 Q4
25 Jan 23
WAL
Earnings call transcript
2022 Q3
22 Oct 22
WAL
Earnings call transcript
2022 Q2
22 Jul 22
WAL
Earnings call transcript
2022 Q1
22 Apr 22
WAL
Earnings call transcript
2021 Q4
28 Jan 22
WAL
Earnings call transcript
2021 Q3
22 Oct 21
WAL
Earnings call transcript
2021 Q2
16 Jul 21
WAL
Earnings call transcript
2021 Q1
16 Apr 21
WAL
Earnings call transcript
2020 Q4
23 Jan 21
WAL
Earnings call transcript
2020 Q3
23 Oct 20
Latest ownership filings
4
MARIANNE BOYD JOHNSON
15 Mar 23
SC 13G
CITADEL ADVISORS LLC
14 Mar 23
4
Stephen Russell Curley
28 Feb 23
4
J. Kelly Jr. Ardrey
28 Feb 23
4
Emily Nachlas
28 Feb 23
4
J. Kelly Jr. Ardrey
21 Feb 23
4
Timothy W Boothe
21 Feb 23
4
DALE GIBBONS
21 Feb 23
4
Tim R Bruckner
21 Feb 23
4
Emily Nachlas
21 Feb 23
Financial summary
| Quarter (USD) | Dec 22 | Sep 22 | Jun 22 | Mar 22 | |
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| Revenue | |||||
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| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 1.04 bn | 1.04 bn | 1.04 bn | 1.04 bn | 1.04 bn | 1.04 bn |
| Cash burn (monthly) | 188.70 mm | (no burn) | 105.53 mm | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | 519.90 mm | n/a | 290.76 mm | n/a | n/a | n/a |
| Cash remaining | 523.50 mm | n/a | 752.64 mm | n/a | n/a | n/a |
| Runway (months of cash) | 2.8 | n/a | 7.1 | n/a | n/a | n/a |
Institutional ownership, Q4 2022
87.4% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 367 |
| Opened positions | 71 |
| Closed positions | 62 |
| Increased positions | 127 |
| Reduced positions | 119 |
| 13F shares | Current |
|---|---|
| Total value | 5.57 tn |
| Total shares | 95.80 mm |
| Total puts | 400.80 k |
| Total calls | 182.40 k |
| Total put/call ratio | 2.2 |
| Largest owners | Shares | Value |
|---|---|---|
| Vanguard | 10.09 mm | $601.12 bn |
| Capital International Investors | 6.62 mm | $394.14 bn |
| T. Rowe Price | 6.36 mm | $378.42 bn |
| T. Rowe Price Investment Management | 6.06 mm | $360.42 bn |
| BLK Blackrock | 4.73 mm | $281.88 bn |
| Clearbridge Advisors | 3.18 mm | $189.61 bn |
| Thrivent Financial For Lutherans | 2.83 mm | $168.56 bn |
| STT State Street | 2.81 mm | $167.34 bn |
| William Blair Investment Management | 2.59 mm | $154.02 bn |
| GS Goldman Sachs | 2.57 mm | $153.17 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 13 Mar 23 | Johnson Marianne Boyd | Common Stock | Buy | Acquire P | Yes | No | 26.5 | 2,250 | 59.63 k | 2,475 |
| 13 Mar 23 | Johnson Marianne Boyd | Common Stock | Buy | Acquire P | Yes | No | 18.69 | 225 | 4.21 k | 225 |
| 25 Feb 23 | J. Kelly Jr. Ardrey | Common Stock | Payment of exercise | Dispose F | No | No | 73.82 | 147 | 10.85 k | 5,798 |
| 25 Feb 23 | Emily Nachlas | Common Stock | Payment of exercise | Dispose F | No | No | 73.82 | 287 | 21.19 k | 11,379 |
| 25 Feb 23 | Stephen Russell Curley | Common Stock | Payment of exercise | Dispose F | No | No | 73.82 | 752 | 55.51 k | 36,234 |
| 16 Feb 23 | Stephen Russell Curley | Common Stock | Payment of exercise | Dispose F | No | No | 73.92 | 1,839 | 135.94 k | 36,986 |
| 16 Feb 23 | Stephen Russell Curley | Common Stock | Grant | Acquire A | No | No | 0 | 6,619 | 0.00 | 38,825 |
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Press releases
Tassat ® Announces Client Connectivity to FedNow, The Federal Reserve's First Instant Payment Rail
22 Mar 23
ROSEN, A LEADING LAW FIRM, Encourages Western Alliance Bancorporation Investors to Inquire About Securities Class Action Investigation – WAL
20 Mar 23
ROSEN, A Top Ranked Law Firm, Encourages Western Alliance Bancorporation Investors to Inquire About Securities Class Action Investigation - WAL
18 Mar 23
Western Alliance Bank Provides End of Week Update
17 Mar 23
NATIONALLY RANKED ROSEN LAW FIRM Encourages Western Alliance Bancorporation Investors to Inquire About Securities Class Action Investigation - WAL
16 Mar 23