Western Alliance Bancorporation financials
$75.76−1.03%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q1 '26 Mar 31 | Q4 '25 Dec 31 | Q3 '25 Sep 30 | Q2 '25 Jun 30 | Q1 '25 Mar 31 | Q4 '24 Dec 31 | Q3 '24 Sep 30 | Q2 '24 Jun 30 | Q1 '24 Mar 31 | Q4 '23 Dec 31 | Q3 '23 Sep 30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.43B | $1.44B | $1.43B | $1.41B | $1.30B | $1.22B | $1.31B | $1.33B | $1.26B | $1.18B | $1.13B | $1.16B |
| Gross profit | $995.7M | $1.02B | $980.9M | $938.2M | $845.9M | $778.0M | $838.4M | $823.1M | $771.8M | $728.8M | $682.2M | $716.2M |
| Gross margin | 69.6% | 70.7% | 68.5% | 66.4% | 64.9% | 63.6% | 64.0% | 62.1% | 61.1% | 61.5% | 60.4% | 62.0% |
| Operating income | $332.0M | $231.3M | $355.7M | $313.8M | $291.3M | $246.4M | $259.4M | $252.1M | $247.9M | $231.8M | $211.0M | $277.9M |
| Net income | $258.5M | $178.9M | $282.9M | $250.2M | $227.2M | $195.9M | $213.7M | $196.6M | $190.4M | $174.2M | $144.7M | $213.4M |
| Net margin | 18.1% | 12.4% | 19.8% | 17.7% | 17.4% | 16.0% | 16.3% | 14.8% | 15.1% | 14.7% | 12.8% | 18.5% |
| Diluted EPS | $2.36 | $1.65 | $2.60 | $2.28 | $2.07 | $1.79 | $1.95 | $1.80 | $1.75 | $1.60 | $1.33 | $1.97 |
| EBITDA | $332.0M | $231.3M | $355.7M | $313.8M | $291.3M | $246.4M | $259.4M | $252.1M | $247.9M | $231.8M | $171.7M | $277.9M |
| Operating cash flow | -$356.1M | -$507.2M | -$69.8M | -$597.4M | -$357.7M | -$1.65B | -$621.7M | -$1.07B | -$745.8M | -$306.5M | $1.14B | -$569.7M |
| Free cash flow | -$375.4M | -$531.4M | -$118.2M | -$625.6M | -$378.8M | -$1.67B | -$648.4M | -$1.09B | -$762.0M | -$325.3M | $1.11B | -$595.9M |
| Diluted shares | 108.0M | 108.7M | 109.0M | 109.8M | 109.6M | 109.6M | 109.6M | 109.5M | 109.1M | 109.0M | 108.9M | 108.5M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $454.0M | $576.0M | $497.0M | $463.0M | $439.0M | $440.0M |
| Short-term investments | $26.36B | $28.61B | $23.79B | $24.32B | $21.20B | $18.90B |
| Total debt | $7.30B | $6.68B | $6.32B | $4.54B | $6.73B | $5.05B |
| Total assets | $98.70B | $98.85B | $92.77B | $90.97B | $86.72B | $83.04B |
| Total liabilities | $90.57B | $90.94B | $84.83B | $83.28B | $79.32B | $75.83B |
| Shareholders' equity | $8.13B | $7.91B | $7.95B | $7.69B | $7.41B | $7.21B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology