Western Alliance Bancorporation (WAL) Financial Statements

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Western Alliance Bancorporation financial statements at a glance

Western Alliance Bancorporation reported revenue of $3.47 billion for fiscal year 2025 (ended December 31, 2025), up 9.9% from fiscal year 2024. Net income was $956.20 million, a net margin of 27.5%.

At the end of fiscal year 2025 it had total assets of $92.77 billion, total liabilities of $84.83 billion and shareholders' equity of $7.65 billion, with cash of $3.60 billion and total debt of $6.48 billion.

Its operations brought in -$2.68 billion of cash; capital spending was $114.30 million, leaving free cash flow of -$2.79 billion.

The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.

Figures from company filings, in USD; latest fiscal year ended December 31, 2025.

WAL logo

Western Alliance Bancorporation

WALUnited States
Financial Services
USD (Local)

Income Statement

Annual • USD

Total Revenue
3.47B
Prev Year: 3.16B
YoY: +9.9%
Net Interest Income
2.86B
Prev Year: 2.62B
YoY: +9.4%
Interest Income
4.69B
Prev Year: 4.54B
YoY: +3.3%
Interest Expense
1.83B
Prev Year: 1.92B
YoY: -4.9%
Pre-tax Income
1.21B
Prev Year: 991.20M
YoY: +21.8%
Non Interest Expense
-
Prev Year: 2.02B
Provision for Income Taxes
216.60M
Prev Year: 203.50M
YoY: +6.4%
Income from Associates and Other Participating Interests
-
Net Income Common Stockholders
956.20M
Prev Year: 774.90M
YoY: +23.4%
Net Income
969.00M
Prev Year: 787.70M
YoY: +23.0%
Net Income Including Non-Controlling Interests
990.60M
Prev Year: 787.70M
YoY: +25.8%
Net Income from Continuing Operations
990.60M
Prev Year: 787.70M
YoY: +25.8%
Noncontrolling Interests
-21.60M
Diluted NI Available to Com Stockholders
956.20M
Prev Year: 774.90M
YoY: +23.4%
Net Income from Continuing and Discontinued Operation
969.00M
Prev Year: 787.70M
YoY: +23.0%
Normalized Income
969.00M
Prev Year: 787.70M
YoY: +23.0%
Reconciled Depreciation
130.10M
Prev Year: 118.50M
YoY: +9.8%
Basic EPS
-
Prev Year: 7.14
Net Income from Continuing Operation Net Minority Interest
969.00M
Prev Year: 787.70M
YoY: +23.0%
Diluted EPS
-
Prev Year: 7.09
Tax Rate for Calcs
0.179
Prev Year: 0
Interest Income After Provision for Loan Loss
-
Prev Year: 2.47B
Preferred Stock Dividends
12.80M
Prev Year: 12.80M
YoY: 0.0%
Gain on Sale of Securities
60.40M
Prev Year: 63.10M
YoY: -4.3%
Selling General and Administrative
903.70M
Prev Year: 663.80M
YoY: +36.1%
Selling and Marketing Expense
28.70M
Prev Year: 32.70M
YoY: -12.2%
General and Administrative Expense
875.00M
Prev Year: 631.10M
YoY: +38.6%
Insurance and Claims
117.50M
Salaries and Wages
757.50M
Prev Year: 631.10M
YoY: +20.0%
Operating Revenue
3.47B
Occupancy And Equipment
70.60M
Prev Year: 73.10M
YoY: -3.4%
Professional and Contract Services Expense
115.90M
Prev Year: 109.40M
YoY: +5.9%
Other Noninterest Expense
952.30M
Prev Year: 1.18B
YoY: -19.2%
Values in USD

Western Alliance Bancorporation key figures by fiscal year

FY2025FY2024FY2023FY2022FY2021
Revenue$3.5B$3.2B$2.6B$2.5B$1.9B
Net income$956.2M$774.9M$709.6M$1.0B$895.7M
Diluted EPS–$7.09$6.54$9.70$8.67
Total assets$92.8B$80.9B$70.9B$67.7B$56.0B
Total liabilities$84.8B$74.2B$64.8B$62.4B$51.0B
Shareholders' equity$7.7B$6.7B$6.1B$5.4B$5.0B
Cash$3.6B$4.1B$1.6B$1.0B$516.0M
Total debt$6.5B$6.6B$7.7B$6.7B$1.8B
Operating cash flow-$2.7B-$2.7B-$328.6M$2.2B-$2.7B
Capital spending$114.3M$83.8M$114.3M$141.0M$69.4M
Free cash flow-$2.8B-$2.8B-$442.9M$2.1B-$2.7B

In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2014.

Questions and answers

What was Western Alliance Bancorporation's revenue in fiscal year 2025?

$3.47 billion, up 9.9% from $3.16 billion in fiscal year 2024.

How much profit does Western Alliance Bancorporation make?

Western Alliance Bancorporation reported net income of $956.20 million for fiscal year 2025 (27.5% of revenue).

How much cash and debt does Western Alliance Bancorporation have?

At the end of fiscal year 2025: cash of $3.60 billion and total debt of $6.48 billion.

What is Western Alliance Bancorporation's free cash flow?

-$2.79 billion in fiscal year 2025 (operating cash flow of -$2.68 billion minus capital spending of $114.30 million).

Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.
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