Western Alliance Bancorporation financials
$75.76−1.03%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.37B | $5.08B | $4.32B | $3.02B | $2.06B | $1.33B | $1.29B | $1.08B | $890.9M | $743.4M |
| Gross profit | $3.54B | $3.16B | $2.62B | $2.54B | $1.95B | $1.24B | $1.11B | $959.0M | $830.0M | $700.1M |
| Gross margin | 66.0% | 62.2% | 60.7% | 84.2% | 94.7% | 92.9% | 85.7% | 89.1% | 93.2% | 94.2% |
| Operating income | $1.21B | $991.2M | $933.6M | $1.32B | $1.12B | $622.5M | $604.2M | $510.3M | $451.8M | $361.2M |
| Net income | $956.2M | $774.9M | $709.6M | $1.04B | $895.7M | $506.6M | $499.2M | $435.8M | $325.5M | $259.8M |
| Net margin | 17.8% | 15.2% | 16.4% | 34.6% | 43.4% | 38.0% | 38.7% | 40.5% | 36.5% | 34.9% |
| Diluted EPS | $8.73 | $7.09 | $6.54 | $9.70 | $8.67 | $5.04 | $4.84 | $4.14 | $3.10 | $2.50 |
| EBITDA | $1.21B | $991.2M | $880.9M | $1.32B | $1.13B | $622.5M | $604.2M | $510.3M | $451.8M | $361.2M |
| Operating cash flow | -$2.68B | -$2.74B | -$328.6M | $2.64B | -$2.65B | $670.2M | $717.8M | $541.0M | $383.8M | $280.6M |
| Free cash flow | -$2.79B | -$2.83B | -$442.9M | $2.50B | -$2.72B | $643.4M | $684.0M | $539.1M | $374.9M | $270.1M |
| Diluted shares | 109.5M | 109.3M | 108.5M | 107.6M | 103.3M | 100.5M | 103.1M | 105.4M | 105.0M | 103.8M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $497.0M | $320.0M | $276.0M | $259.0M | $166.0M | $174.2M |
| Short-term investments | $23.79B | $19.10B | $14.29B | $9.54B | $7.89B | $8.00B |
| Total debt | $6.32B | $6.47B | $8.13B | $7.19B | $2.40B | $569.7M |
| Total assets | $92.77B | $80.93B | $70.86B | $67.73B | $55.98B | $36.46B |
| Total liabilities | $84.83B | $74.23B | $64.78B | $62.38B | $51.02B | $33.05B |
| Shareholders' equity | $7.95B | $6.71B | $6.08B | $5.36B | $4.96B | $3.41B |
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