western alliance bank serves customers in in arizona, california, and nevada. the company provides services to businesses, entrepreneurs, professionals, nonprofit organizations, high net worth individuals and other consumers seeking the robust product array of a national bank with the individual, personal attention of a community bank, delivered through a dedicated, local relationship manager.
Company profile
Ticker
WAL, WAL-PA
Exchange
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
Latest filings (excl ownership)
10-Q
2023 Q3
Quarterly report
31 Oct 23
8-K
Other Events
30 Oct 23
8-K
Third Quarter 2023 Financial Results
19 Oct 23
S-8
Registration of securities for employees
1 Aug 23
10-Q
2023 Q2
Quarterly report
1 Aug 23
8-K
Other Events
1 Aug 23
8-K
Second Quarter 2023 Financial Results
18 Jul 23
8-K
Submission of Matters to a Vote of Security Holders
14 Jun 23
8-K
Investor Update 2Q 2023
16 May 23
DEFR14A
Revised proxy
9 May 23
Transcripts
WAL
Earnings call transcript
2023 Q3
20 Oct 23
WAL
Earnings call transcript
2023 Q2
19 Jul 23
WAL
Earnings call transcript
2023 Q1
19 Apr 23
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
Latest ownership filings
Financial summary
| Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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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) | 3.50 bn | 3.50 bn | 3.50 bn | 3.50 bn | 3.50 bn | 3.50 bn |
| Cash burn (monthly) | (no burn) | (no burn) | (no burn) | (no burn) | 256.63 mm | (no burn) |
| Cash used (since last report) | n/a | n/a | n/a | n/a | 575.19 mm | n/a |
| Cash remaining | n/a | n/a | n/a | n/a | 2.92 bn | n/a |
| Runway (months of cash) | n/a | n/a | n/a | n/a | 11.4 | n/a |
Institutional ownership, Q3 2023
80.5% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 333 |
| Opened positions | 70 |
| Closed positions | 53 |
| Increased positions | 118 |
| Reduced positions | 94 |
| 13F shares | Current |
|---|---|
| Total value | 4.03 tn |
| Total shares | 88.17 mm |
| Total puts | 1.87 mm |
| Total calls | 1.98 mm |
| Total put/call ratio | 0.9 |
| Largest owners | Shares | Value |
|---|---|---|
| Vanguard | 10.02 mm | $460.72 bn |
| BLK Blackrock | 5.69 mm | $261.69 bn |
| T. Rowe Price | 5.29 mm | $241.19 bn |
| Citadel Advisors | 4.04 mm | $185.59 bn |
| Thrivent Financial For Lutherans | 4.00 mm | $182.19 bn |
| STT State Street | 3.86 mm | $177.54 bn |
| William Blair Investment Management | 3.44 mm | $158.29 bn |
| T. Rowe Price Investment Management | 3.33 mm | $151.75 bn |
| Davis Asset Management | 2.50 mm | $114.93 bn |
| Wellington Management | 2.30 mm | $105.88 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 29 Oct 23 | Emily Nachlas | Common Stock | Payment of exercise | Dispose F | No | No | 40.1 | 276 | 11.07 k | 11,103 |
| 15 Jun 23 | Tuuk Mary E | Common Stock | Grant | Acquire A | No | No | 0 | 5,041 | 0.00 | 5,041 |
| 15 Jun 23 | Anthony T Meola | Common Stock | Grant | Acquire A | No | No | 0 | 4,033 | 0.00 | 4,033 |
News
Citigroup Initiates Coverage On Western Alliance with Buy Rating, Announces Price Target of $61
1 Dec 23
10 Financials Stocks Whale Activity In Today's Session
24 Nov 23
Bank Stocks Hit Historic 80-Year Low Vs. S&P 500: Analyst Sees Bear Market Bounce As Fed Rates Peak
6 Nov 23
Bill Gross Sees 'Extraordinary Long-Term Value' in Regional Banks: 3 ETFs To Watch
31 Oct 23
Piper Sandler Maintains Overweight on Western Alliance, Lowers Price Target to $59
23 Oct 23
Press releases
Craig Hirson Named Commercial Banking Market Executive for Greater Los Angeles and Orange County at Western Alliance Bank
8 Nov 23
Matt Griesbach Named Commercial Banking Executive for Aerospace and Defense at Western Alliance Bank
8 Nov 23
Western Alliance to Participate in BancAnalysts Association of Boston Conference
27 Oct 23
Dillan Knudson Named Head of Commercial Banking for Arizona at Western Alliance Bank
25 Oct 23
Western Alliance Bancorporation Reports Third Quarter 2023 Financial Results
19 Oct 23