(WAL) Western Alliance - Overview
Stock: Deposits, Loans, Treasury, Mortgage, Digital
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 1.90% |
| Yield on Cost 5y | 2.28% |
| Yield CAGR 5y | 6.78% |
| Payout Consistency | 100.0% |
| Payout Ratio | 15.0% |
| Risk 5d forecast | |
|---|---|
| Volatility | 42.8% |
| Relative Tail Risk | -12.1% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.26 |
| Alpha | -12.84 |
| Character TTM | |
|---|---|
| Beta | 1.481 |
| Beta Downside | 1.639 |
| Drawdowns 3y | |
|---|---|
| Max DD | 75.94% |
| CAGR/Max DD | 0.14 |
Description: WAL Western Alliance January 07, 2026
Western Alliance Bancorporation (NYSE: WAL) is a bank holding company headquartered in Phoenix, Arizona, that serves customers primarily in Arizona, California, and Nevada through its Commercial and Consumer segments. Its core business includes traditional deposit products (checking, savings, money-market and certificates of deposit) and a broad suite of loan offerings ranging from working-capital lines and equipment financing to commercial-real-estate and construction loans.
The bank’s loan portfolio is diversified across commercial-industrial (including technology-sector lines), multifamily and other CRE assets, as well as consumer loans and mortgage-related services. In addition, Western Alliance provides treasury-management, digital-payment, lock-box, and cash-management solutions, and holds a modest portfolio of investment securities, municipal loans, and low-income-housing tax-credit investments.
Recent filings (Q4 2023) show a net interest margin of roughly 3.6%, total loans of about $45 billion and deposit growth of 8% YoY, with a loan-to-deposit ratio near 84%-indicating solid liquidity but notable exposure to commercial-real-estate, which now represents ~30% of the loan book. The company’s earnings are therefore sensitive to Federal Reserve rate policy and regional CRE market health, both of which have been volatile in 2024. For a deeper quantitative view, the ValueRay platform offers granular, real-time metrics that can help you test these assumptions.
Piotroski VR‑10 (Strict, 0-10) 3.5
| Net Income: 969.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.04 > 0.02 and ΔFCF/TA -1.28 > 1.0 |
| NWC/Revenue: -1078 % < 20% (prev -1216 %; Δ 137.9% < -1%) |
| CFO/TA -0.03 > 3% & CFO -3.23b > Net Income 969.0m |
| Net Debt (-3.60b) to EBITDA (1.30b): -2.76 < 3 |
| Current Ratio: 0.30 > 1.5 & < 3 |
| Outstanding Shares: last quarter (109.3m) vs 12m ago -0.18% < -2% |
| Gross Margin: 61.24% > 18% (prev 0.59%; Δ 6065 % > 0.5%) |
| Asset Turnover: 6.10% > 50% (prev 6.19%; Δ -0.10% > 0%) |
| Interest Coverage Ratio: 0.47 > 6 (EBITDA TTM 1.30b / Interest Expense TTM 1.83b) |
Altman Z'' -3.68
| A: -0.62 (Total Current Assets 24.03b - Total Current Liabilities 81.11b) / Total Assets 92.77b |
| B: 0.06 (Retained Earnings 5.61b / Total Assets 92.77b) |
| C: 0.01 (EBIT TTM 851.5m / Avg Total Assets 86.85b) |
| D: 0.09 (Book Value of Equity 7.36b / Total Liabilities 84.83b) |
| Altman-Z'' Score: -3.68 = D |
What is the price of WAL shares?
Over the past week, the price has changed by +5.88%, over one month by +6.61%, over three months by +20.60% and over the past year by +6.15%.
Is WAL a buy, sell or hold?
- StrongBuy: 9
- Buy: 5
- Hold: 1
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the WAL price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 103.5 | 9.7% |
| Analysts Target Price | 103.5 | 9.7% |
| ValueRay Target Price | 95.5 | 1.2% |
WAL Fundamental Data Overview January 31, 2026
P/E Forward = 8.7336
P/S = 2.9913
P/B = 1.3425
P/EG = 1.84
Revenue TTM = 5.29b USD
EBIT TTM = 851.5m USD
EBITDA TTM = 1.30b USD
Long Term Debt = 6.32b USD (from longTermDebt, last quarter)
Short Term Debt = 3.86b USD (from shortTermDebt, two quarters ago)
Debt = 4.71b USD (from shortLongTermDebtTotal, two quarters ago)
Net Debt = -3.60b USD (from netDebt column, last quarter)
Enterprise Value = -9.40b USD (9.93b + Debt 4.71b - CCE 24.03b)
Interest Coverage Ratio = 0.47 (Ebit TTM 851.5m / Interest Expense TTM 1.83b)
EV/FCF = 2.83x (Enterprise Value -9.40b / FCF TTM -3.32b)
FCF Yield = 35.36% (FCF TTM -3.32b / Enterprise Value -9.40b)
FCF Margin = -62.78% (FCF TTM -3.32b / Revenue TTM 5.29b)
Net Margin = 18.30% (Net Income TTM 969.0m / Revenue TTM 5.29b)
Gross Margin = 61.24% ((Revenue TTM 5.29b - Cost of Revenue TTM 2.05b) / Revenue TTM)
Gross Margin QoQ = 62.73% (prev 60.30%)
Tobins Q-Ratio = -0.10 (set to none) (Enterprise Value -9.40b / Total Assets 92.77b)
Interest Expense / Debt = 9.59% (Interest Expense 451.2m / Debt 4.71b)
Taxrate = 17.57% (62.5m / 355.7m)
NOPAT = 701.9m (EBIT 851.5m * (1 - 17.57%))
Current Ratio = 0.30 (Total Current Assets 24.03b / Total Current Liabilities 81.11b)
Debt / Equity = 0.62 (Debt 4.71b / totalStockholderEquity, last quarter 7.65b)
Debt / EBITDA = -2.76 (Net Debt -3.60b / EBITDA 1.30b)
Debt / FCF = 1.08 (negative FCF - burning cash) (Net Debt -3.60b / FCF TTM -3.32b)
Total Stockholder Equity = 7.27b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.12% (Net Income 969.0m / Total Assets 92.77b)
RoE = 13.33% (Net Income TTM 969.0m / Total Stockholder Equity 7.27b)
RoCE = 6.27% (EBIT 851.5m / Capital Employed (Equity 7.27b + L.T.Debt 6.32b))
RoIC = 5.71% (NOPAT 701.9m / Invested Capital 12.29b)
WACC = 10.25% (E(9.93b)/V(14.63b) * Re(11.37%) + D(4.71b)/V(14.63b) * Rd(9.59%) * (1-Tc(0.18)))
Discount Rate = 11.37% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 0.28%
Fair Price DCF = unknown (Cash Flow -3.32b)
EPS Correlation: -15.34 | EPS CAGR: 4.07% | SUE: 0.80 | # QB: 0
Revenue Correlation: 90.01 | Revenue CAGR: 26.78% | SUE: 2.65 | # QB: 1
EPS next Quarter (2026-03-31): EPS=2.17 | Chg30d=-0.121 | Revisions Net=-6 | Analysts=14
EPS current Year (2026-12-31): EPS=10.25 | Chg30d=-0.095 | Revisions Net=-9 | Growth EPS=+21.8% | Growth Revenue=+11.6%
EPS next Year (2027-12-31): EPS=11.87 | Chg30d=+0.053 | Revisions Net=-1 | Growth EPS=+15.8% | Growth Revenue=+7.4%