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Western Alliance Bancorporation  (WAL)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial
 
Price: $56.4000 $-1.33 -2.304%
Day's High: $57.45 Week Perf: -2.42 %
Day's Low: $ 55.30 30 Day Perf: -11.82 %
Volume (M): 2,434 52 Wk High: $ 76.90
Volume (M$): $ 137,266 52 Wk Avg: $46.92
Open: $57.04 52 Wk Low: $7.46



 Market Capitalization (Millions $) 6,119
 Shares Outstanding (Millions) 109
 Employees 1,446
 Revenues (TTM) (Millions $) 2,557
 Net Income (TTM) (Millions $) 722
 Cash Flow (TTM) (Millions $) 533
 Capital Exp. (TTM) (Millions $) 114

Western Alliance Bancorporation

WAL is a bank holding company headquartered in Phoenix, Arizona, incorporated under the laws of the state of Delaware. WAL provides a full spectrum of deposit, lending, treasury management, and online banking products and services through its wholly-owned banking subsidiary, WAB. On June 30, 2015, WAL acquired Bridge Capital Holdings and its wholly-owned subsidiary, Bridge Bank. Upon acquisition, Bridge Capital Holdings merged into WAL and its principal operating subsidiary, Bridge Bank, merged into WAB. Effective as of July 1, 2015, the existing Bridge offices and the two previously existing WAB northern California offices are operating as a combined division, with their results reported under the Companys Northern California operating segment.

WAB operates the following full-service banking divisions: ABA in Arizona, BON in Southern Nevada, Bridge in Northern California, FIB in Northern Nevada, and TPB in Southern California. The Company also serves business customers through a national platform of specialized financial services including AAB, Corporate Finance, Equity Fund Resources, Life Sciences Group, Mortgage Warehouse Lending, Public Finance, Renewable Energy Group, Resort Finance, and Technology Finance. In addition, the Company has one non-bank subsidiary, LVSP, which holds and manages certain non-performing loans and OREO.

Through WAB and its banking divisions and operating subsidiaries, the Company provides a variety of financial services to customers, including CRE loans, construction and land development loans, commercial loans, and consumer loans. The Company’s lending has focused primarily on meeting the needs of business customers.

The Company adheres to a specific set of credit standards within its banking subsidiary that are intended to ensure the proper management of credit risk. Furthermore, the Banks senior management team plays an active role in monitoring compliance with such standards.


Loan originations are subject to a process that includes the credit evaluation of borrowers, utilizing established lending limits, analysis of collateral, and procedures for continual monitoring and identification of credit deterioration. Loan officers actively monitor their individual credit relationships in order to report suspected risks and potential downgrades as early as possible. The WAB BOD approves all changes to loan policy, as well as lending limit authorities. Our lending policies generally incorporate consistent underwriting standards across all geographic regions that the Bank operates in, customized as necessary to conform to state law and local market conditions. Our credit culture has enabled us to identify troubled credits early, allowing us to take corrective action when necessary.

To measure asset quality, the Company has instituted a loan grading system consisting of nine different categories. The first five are considered “satisfactory.” The other four grades range from a “special mention” category to a “loss” category and are consistent with the grading systems used by Federal banking regulators. All loans are assigned a credit risk grade at the time they are made, and each assigned loan officer reviews the credit with his or her immediate supervisor on a quarterly basis to determine whether a change in the credit risk grade is warranted. In addition, the grading of our loan portfolio is reviewed on a regular basis by our internal Loan Review Department.

The Company offers a variety of deposit products, including checking accounts, savings accounts, money market accounts, and other types of deposit accounts, including fixed-rate, fixed maturity certificates of deposit. The Company has historically focused on growing its lower cost core customer deposits.


The competition for deposits in our markets is strong. The Company has historically been successful in attracting and retaining deposits due to several factors, including: 1) our high quality of customer service; 2) our experienced relationship bankers who have strong relationships within their communities; 3) the broad selection of cash management services we offer; and 4) incentives to employees for business development and retention. The Company intends to continue its focus on attracting deposits from our business lending relationships in order to maintain our low cost of funds and improve our net interest margin. The loss of low-cost deposits could negatively impact future profitability.



   Company Address: One E. Washington Street, Suite 1400 Phoenix 85004 AZ
   Company Phone Number: 389-3500   Stock Exchange / Ticker: NYSE WAL
   


Customers Net Income grew by WAL's Customers Net Profit Margin grew to

8.75 %

10.42 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
BK   -0.11%    
CFG        3.94% 
FCNCA   -0.09%    
FITB        4.45% 
NTRS        3.39% 
TCBI        0.07% 
• View Complete Report
   



Western Alliance Bancorporation

Regional Bank Company Western Alliance Bancorporation Sees Net Profit Plummet by Nearly 50% in Fourth Quarter

Western Alliance Bancorporation, a regional bank company, recently released its financial results for the interval closing December 31, 2023. The report highlights a significant decrease in net profit per share, which plummeted by 48.84% to $1.32 per share compared to $2.58 a year earlier. Additionally, income faded by 32.92% from $1.97 per share in the previous reporting period.
The company's revenue also contracted by 3.61% to $672.90 million from $698.10 million in the corresponding reporting period of the previous year. Sequentially, revenue decreased by 4.431% from $704.10 million. Moreover, net profits for the interval ending December 31, 2023, dropped by 49.52% to $147.900 million from $293.000 million in the same period a year ago.

Western Alliance Bancorporation

Western Alliance Bancorporation's EPS Plummets by -18.6% in Q3 2023: A Warning Sign for Investors



Western Alliance Bancorporation, a leading regional bank, recently released its financial results for the most recent fiscal period. Despite witnessing a contraction in earnings per share (EPS), the company showcased a commendable revenue improvement. This article will interpret the financial results, highlighting key facts and discussing the company's performance in relation to its industry peers.
Financial Results Summary:
In the most recent fiscal period, Western Alliance Bancorporation experienced an 18.6% decrease in EPS, amounting to $1.97 per share. However, the company's revenue increased by 10.812% to $704.10 million compared to the corresponding reporting season a year earlier. Significantly, Western Alliance Bancorporation outperformed its industry peers, as the Regional Banks industry reported only a 7.43% revenue improvement during the same period.

Western Alliance Bancorporation

Western Alliance Bancorporation Outshines Peers with Stellar Progress in Recent Fiscal Period



In the financial second quarter of 2023, Western Alliance Bancorporation (WAL) experienced a concerning decrease in earnings per share (EPS) despite an impressive increase in revenue. With a revenue rise of 9.283% to $647.50 million compared to last year's $592.50 million, WAL should have delivered a solid performance. However, the income fell by a significant -17.99% to $1.96 per share compared to $2.39 in the prior year reporting season. This article examines the company's deteriorating financials and explores the potential bearish implications it may have on Western Alliance Bancorporation.
Financial Performance Analysis:
While WAL outperformed its sector peers in terms of revenue growth, this achievement is overshadowed by the significant decline in EPS. The rest of the Regional Banks sector showed a 5.03% revenue increase during the same period. The EPS decline of -17.99% from the previous year indicates internal challenges that the company needs to address swiftly.

Western Alliance Bancorporation

Western Alliance Bancorporation's Inspiring ROE of 18.4% Sparks Optimistic Outlook Despite Recent Contraction in Earnings

Investors who are seeking to make profitable investments in the banking sector should not overlook Western Alliance Bancorporation, despite the recent contraction in earnings per share and revenue decrease. While the figures may be seen as a setback, upon closer examination, there are positive indicators that provide an optimistic outlook.
It is noteworthy that Western Alliance Bancorporation was able to return on equity of 18.4% in the first quarter of 2023, which is higher than the company's average of 16.71%. This indicates that the company's management team is making intentional efforts to maximize shareholder value. Although ROE fell relative to the period ending, this decline is understandable due to the decline in net income.






 

Western Alliance Bancorporation's Segments
 
 
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  Company Estimates  
  Revenue Outlook
Western Alliance Bancorporation does not provide revenue guidance.

Earnings Outlook
Western Alliance Bancorporation does not provide earnings estimates.

 
Geographic Revenue Dispersion




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