Western Alliance Bancorp

Chart & Performance

D1W1MN

P/E

12.44

P/S

3.51

EPS

6.56

Div Yield, %

1.91%

Shrs. gr., 5y

0.58%

Rev. gr., 5y

22.61%

Revenues

2.56b

+11.31%

Net income

722m

-31.68%

CFO

-329m

Dividend

Aug 16, 20240.37 USD/sh

Earnings

Jan 23, 2025

Profile

Western Alliance Bancorporation operates as the bank holding company for Western Alliance Bank that provides various banking products and related services primarily in Arizona, California, and Nevada. It operates in Commercial, Consumer Related, and Corporate & Other segments. The company offers deposit products, including checking, savings, and money market accounts, as well as fixed-rate and fixed maturity certificates of deposit accounts; and treasury management and residential mortgage products and services. It also offers commercial and industrial loan products, such as working capital lines of credit, loans to technology companies, inventory and accounts receivable lines, mortgage warehouse lines, equipment loans and leases, and other commercial loans; commercial real estate loans, which are secured by multi-family residential properties, professional offices, industrial facilities, retail centers, hotels, and other commercial properties; construction and land development loans for single family and multi-family residential projects, industrial/warehouse properties, office buildings, retail centers, medical office facilities, and residential lot developments; and consumer loans. In addition, the company provides other financial services, such as internet banking, wire transfers, electronic bill payment and presentment, lock box services, courier, and cash management services. Further, it holds certain investment securities, municipal and non-profit loans, and leases; invests primarily in low-income housing tax credits and small business investment corporations; and holds certain real estate loans and related securities. The company operates 36 branch locations, as well as loan production offices. Western Alliance Bancorporation was founded in 1994 and is headquartered in Phoenix, Arizona.

URL

https://www.westernalliancebancorporation.com/

IPO date

Jun 30, 2005

Employees

3,336

Domiciled in

Incorporated in

Valuation

Order:

Title USD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title USD in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12
Income
Revenues	2,557,000 11.31%	2,297,200 24.58%
Cost of revenue	778,500	592,700
Unusual Expense (Income)
NOPBT	1,778,500	1,704,500
NOPBT Margin	69.55%	74.20%
Operating Taxes	211,200	258,800
Tax Rate	11.88%	15.18%
NOPAT	1,567,300	1,445,700
Net income	722,400 -31.68%	1,057,300 17.58%
Dividends	(171,500)	(166,200)
Dividend yield	2.40%	2.59%
Proceeds from repurchase of equity	100	139,200
BB yield	0.00%	-2.17%
Debt
Debt current	6,603,000	52,000
Long-term debt	1,699,000	7,562,000
Deferred revenue		(172,000)
Other long-term liabilities	63,264,000	51,392,000
Net debt	(16,424,000)	(9,281,000)
Cash flow
Cash from operating activities	(328,600)	2,245,300
CAPEX	(114,300)	(141,000)
Cash from investing activities	(2,159,100)	(13,130,100)
Cash from financing activities	3,020,400	11,411,800
FCF	(5,080,700)	2,200,300
Balance
Cash	11,441,000	8,135,000
Long term investments	13,285,000	8,760,000
Excess cash	24,598,150	16,780,140
Stockholders' equity	6,194,000	5,356,000
Invested Capital	71,271,000	58,649,000
ROIC	2.41%	2.64%
ROCE	2.30%	2.66%
EV
Common stock shares outstanding	108,500	107,600
Price	65.79 10.46%	59.56 -44.67%
Market cap	7,138,215 11.38%	6,408,656 -42.37%
EV	(8,990,785)	(2,577,344)
EBITDA	1,865,000	1,779,100
EV/EBITDA
Interest	1,696,400	475,500
Interest/NOPBT	95.38%	27.90%