WESTERN ALLIANCE BANCORPORATION (WAL) financial statements: income statement, balance sheet and cash flow

WESTERN ALLIANCE BANCORPORATION's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), WESTERN ALLIANCE BANCORPORATION reported net income of $990.6M.

Income statement

WESTERN ALLIANCE BANCORPORATION income statement, fiscal years
Line itemDec 31, 2025 · FYDec 31, 2024 · FYDec 31, 2023 · FYDec 31, 2022 · FY
Loans, including fees$3.7B$3.6B$3.4B$2.4B
Investment securities$815.9M$703.6M$459.9M$265.6M
Dividends and other$197.2M$208.4M$165.7M$32.8M
Total interest income$4.7B$4.5B$4.0B$2.7B
Deposits$1.5B$1.6B$1.1B$276.4M
Qualifying debt$32.8M$38.0M$37.9M$35.0M
Other borrowings$257.5M$284.0M$515.9M$164.1M
Total interest expense$1.8B$1.9B$1.7B$475.5M
Net interest income$2.9B$2.6B$2.3B$2.2B
Provision for (recovery of) credit losses$224.1M$145.9M($62.6M)($68.1M)
Net interest income after provision for credit losses$2.6B$2.5B$2.3B$2.1B
Service charges and fees$194.3M$96.0M$76.3M$27.0M
Net gain on mortgage loan origination and sale activities$255.5M———
Net loan servicing revenue$77.8M$121.5M$102.3M$130.9M
Income from equity investments$18.1M$38.2M$15.7M$17.8M
Income from bank owned life insurance$46.0M$27.8M——
Gain (loss) on sales of investment securities$29.4M$17.4M($40.8M)—
Fair value gain (loss) adjustments, net$12.9M$7.5M($116.0M)—
Other income$44.2M$28.5M$28.2M$30.5M
Non-interest income$678.2M———
Salaries and employee benefits$757.5M$631.1M$566.3M$539.5M
Deposit costs$630.5M$693.2M$436.7M$165.8M
Insurance$117.5M$164.8M$190.4M$31.1M
Data processing$187.2M$149.7M$122.0M$83.0M
Legal, professional, and directors' fees$115.9M$109.4M$107.2M$99.9M
Occupancy$70.6M$73.1M$65.6M$55.5M
Loan servicing expenses$69.2M$68.1M$58.8M$55.5M
Business development and marketing$28.7M$32.7M$21.8M$22.1M
Loan acquisition and origination expenses$26.2M$21.5M$20.4M$23.1M
Extinguishment of debt$0$0($52.7M)$0
Other non-interest expense$108.4M$81.4M$86.9M$81.5M
Total non-interest expense$2.1B$2.0B$1.6B$1.2B
Income (loss) before provision for income taxes$1.2B$991.2M$933.6M$1.3B
Income tax expense$216.6M$203.5M$211.2M$258.8M
Net income$990.6M———
Net income attributable to noncontrolling interest$21.6M———
Net income attributable to Western Alliance$969.0M$787.7M$722.4M$1.1B
Dividends on preferred stock$12.8M$12.8M$12.8M$12.8M
Net income available to common stockholders$956.2M$774.9M$709.6M$1.0B
Earnings per share, basic (dollars per share)$8.79$7.14$6.55$9.74
Earnings per share, diluted (dollars per share)$8.73$7.09$6.54$9.70
Weighted average number of common shares outstanding, basic (shares)108.8M108.6M108.3M107.2M
Weighted average number of common shares outstanding, diluted (shares)109.5M109.3M108.5M107.6M
Dividends declared per common share (dollars per share)$1.56$1.49$1.45—
WESTERN ALLIANCE BANCORPORATION income statement, quarters
Line itemJun 30, 2026 · Q2Mar 31, 2026 · Q1Sep 30, 2025 · Q3Jun 30, 2025 · Q2
Loans, including fees$941.5M$915.7M$948.3M$914.3M
Investment securities$243.0M$218.6M$230.0M$199.7M
Dividends and other$47.4M$53.9M$47.2M$40.4M
Total interest income$1.2B$1.2B$1.2B$1.2B
Deposits$370.5M$360.7M$398.2M$377.8M
Qualifying debt$13.8M$13.1M$6.3M$8.2M
Other borrowings$50.7M$48.1M$70.6M$70.8M
Total interest expense$435.0M$421.9M$475.1M$456.8M
Net interest income$796.9M$766.3M$750.4M$697.6M
Provision for credit losses$80.4M$213.2M$80.0M$39.9M
Net interest income after provision for credit losses$716.5M$553.1M$670.4M$657.7M
Service charges and fees$63.1M$88.5M$35.4M$36.9M
Net gain on mortgage loan origination and sale activities$53.4M$72.7M$75.5M—
Net loan servicing revenue$31.3M($1.3M)$19.1M$38.3M
Income from bank owned life insurance$10.8M$10.7M$11.8M$11.0M
Gain on sales of investment securities$3.0M$50.5M$8.5M$11.4M
Fair value gain adjustments, net$12.8M$3.1M$8.3M$100.0K
Income (loss) from equity investments$11.9M$13.3M$7.8M$2.9M
Other income$12.5M$15.1M$21.4M$8.3M
Total non-interest income$198.8M$252.6M$187.8M$148.3M
Salaries and employee benefits$204.3M$205.5M$193.5M$179.9M
Deposit costs$179.2M$163.3M$175.1M$147.4M
Data processing$52.1M$53.1M$48.1M$45.0M
Legal, professional, and directors' fees$32.8M$30.6M$28.1M$25.3M
Insurance$28.3M$24.7M$24.5M$37.4M
Occupancy$21.1M$19.2M$16.8M$16.9M
Loan servicing expenses$17.6M$16.7M$15.0M$20.1M
Loan acquisition and origination expenses$8.8M$7.9M$7.3M$5.8M
Business development and marketing$8.3M$9.5M$5.6M$6.1M
Other expense$30.8M$43.9M$30.4M$30.8M
Total non-interest expense$583.3M$574.4M$544.4M$514.7M
Income before provision for income taxes$332.0M$231.3M$313.8M$291.3M
Income tax expense$63.2M$42.1M$53.3M$53.5M
Net income$268.8M$189.2M$260.5M$237.8M
Net income attributable to noncontrolling interest$7.1M$7.1M$7.1M$7.4M
Net income attributable to Western Alliance$261.7M$182.1M$253.4M$230.4M
Dividends on preferred stock$3.2M$3.2M$3.2M$3.2M
Net income available to common stockholders$258.5M$178.9M$250.2M$227.2M
Basic (dollars per share)$2.37$1.65$2.30$2.08
Diluted (dollars per share)$2.36$1.65$2.28$2.07
Basic (shares)107.8M108.2M109.0M109.0M
Diluted (shares)108.0M108.7M109.8M109.6M
Dividends declared per common share (dollars per share)$0.42$0.42$0.38$0.38

Balance sheet

WESTERN ALLIANCE BANCORPORATION balance sheet, fiscal years
Line itemDec 31, 2025 · FYDec 31, 2024 · FYDec 31, 2023 · FYDec 31, 2022 · FY
Cash and due from banks$497.0M$320.0M$276.0M$259.0M
Interest bearing deposits in other financial institutions$3.1B$3.8B$1.3B$784.0M
Cash and cash equivalents$3.6B$4.1B$1.6B$1.0B
Fair value$18.8B$13.5B$11.2B—
Amortized cost$1.6B$1.5B$1.4B$1.3B
Investment securities - equity$79.0M$117.0M$126.0M$160.0M
Investments in restricted stock, at cost$248.0M$232.0M$281.0M$224.0M
Loans HFS$3.5B$2.3B$1.4B$1.2B
Loans HFI, net of deferred fees and costs$58.7B$53.7B$50.3B—
Less: allowance for credit losses($460.6M)($373.8M)($336.7M)$309.7M
Net loans held for investment$58.2B$53.3B$50.0B—
Mortgage servicing rights$1.5B$1.1B$1.1B$1.1B
Premises and equipment, net$442.0M$361.0M$339.0M$276.0M
Operating lease right of use asset$131.0M$128.0M$145.0M$163.0M
Bank owned life insurance$1.1B$1.0B$186.0M$182.0M
Goodwill and intangible assets, net$649.0M$659.0M$669.0M$680.0M
Deferred tax assets, net$349.0M$281.0M$287.0M$311.0M
Investments in LIHTC and renewable energy$593.0M$606.0M$573.0M$624.0M
Other assets$2.1B$1.8B$1.6B$1.8B
Total assets$92.8B$80.9B$70.9B$67.7B
Non-interest bearing$24.4B$18.8B$14.5B$19.7B
Interest bearing$52.8B$47.5B$40.8B$34.0B
Total deposits$77.2B$66.3B$55.3B$53.6B
Other borrowings$5.2B$5.6B$7.2B$6.3B
Qualifying debt$1.1B$899.0M$895.0M$893.0M
Operating lease liability$160.0M$159.0M$179.0M$185.0M
Other liabilities$1.2B$1.3B$1.1B$1.4B
Total liabilities$84.8B$74.2B$64.8B$62.4B
Preferred stock (par value $0.0001; 20,000,000 authorized; 30,000 shares (12,000,000 depositary shares) issued and outstanding and liquidation value per depositary share of $25 at December 31, 2025 and 2024)295.0M295.0M295.0M295.0M
Common stock (par value $0.0001; 200,000,000 authorized; 112,491,068 and 112,897,807 shares issued at December 31, 2025 and 2024, respectively) and additional paid in capital2.2B2.2B2.2B2.2B
Treasury stock, at cost (2,981,687 and 2,845,201 shares at December 31, 2025 and 2024, respectively)-137.0M-125.0M-116.0M-105.0M
Accumulated other comprehensive loss($344.0M)($534.0M)($513.0M)($661.0M)
Retained earnings$5.6B$4.8B$4.2B$3.7B
Total Western Alliance stockholders’ equity$7.7B$6.7B$6.1B$5.4B
Noncontrolling interest in subsidiary$293.0M———
Total equity$7.9B———
Total liabilities and stockholders’ equity$92.8B$80.9B$70.9B$67.7B
WESTERN ALLIANCE BANCORPORATION balance sheet, quarters
Line itemJun 30, 2026Mar 31, 2026Sep 30, 2025Jun 30, 2025
Cash and due from banks$454.0M$576.0M$463.0M$439.0M
Interest bearing deposits in other financial institutions$5.5B$8.0B$5.3B$2.3B
Cash and cash equivalents$5.9B$8.6B$5.8B$2.8B
Investment securities - AFS, at fair value; amortized cost of $19,547 at June 30, 2026 and $19,303 at December 31, 2025$18.9B$18.7B$17.2B$16.9B
Investment securities - HTM, at amortized cost and net of ACL of $13.8 and $12.9 (fair value of $1,497 and $1,427) at June 30, 2026 and December 31, 2025, respectively$1.7B$1.6B$1.5B$1.5B
Investment securities - equity$80.0M$79.0M$91.0M$122.0M
Investments in restricted stock, at cost$256.0M$239.0M$189.0M$269.0M
Loans HFS$4.3B$3.9B$3.5B$3.0B
Loans HFI, net of deferred fees and costs$60.9B$59.1B$56.6B$55.9B
Less: allowance for credit losses($487.4M)($461.1M)($440.4M)($394.7M)
Net loans HFI$60.5B$58.7B$56.2B$55.5B
Mortgage servicing rights$1.5B$1.5B$1.2B$1.0B
Premises and equipment, net$479.0M$480.0M$416.0M$365.0M
Operating lease right of use asset$119.0M$125.0M$134.0M$130.0M
Bank owned life insurance$1.1B$1.1B$1.0B$1.0B
Goodwill and intangible assets, net$644.0M$646.0M$651.0M$653.0M
Deferred tax assets, net$425.0M$408.0M$341.0M$313.0M
Investments in LIHTC and renewable energy$571.0M$581.0M$571.0M$588.0M
Other assets$2.3B$2.2B$2.1B$2.4B
Total assets$98.7B$98.9B$91.0B$86.7B
Non-interest bearing$27.8B$28.1B$26.6B$23.0B
Interest bearing$54.1B$54.6B$50.6B$48.1B
Total deposits$81.9B$82.7B$77.2B$71.1B
Other borrowings$6.2B$5.6B$3.9B$6.1B
Qualifying debt$1.1B$1.1B$681.0M$678.0M
Operating lease liability$148.0M$154.0M$164.0M$160.0M
Other liabilities$1.2B$1.4B$1.3B$1.3B
Total liabilities$90.6B$90.9B$83.3B$79.3B
Preferred stock (par value $0.0001; 20,000,000 authorized; 30,000 shares (12,000,000 depositary shares) issued and outstanding and liquidation value per depositary share of $25 at June 30, 2026 and December 31, 2025)295.0M295.0M295.0M295.0M
Common stock (par value $0.0001; 200,000,000 authorized; 112,360,864 shares issued at June 30, 2026 and 112,491,068 at December 31, 2025) and additional paid in capital2.2B2.2B——
Treasury stock, at cost (3,181,959 shares at June 30, 2026 and 2,981,687 shares at December 31, 2025)-156.0M-155.0M-137.0M-137.0M
Accumulated other comprehensive loss($451.0M)($456.0M)($409.0M)($482.0M)
Retained earnings$6.0B$5.7B$5.4B$5.2B
Total Western Alliance stockholders’ equity$7.8B$7.6B$7.4B$7.1B
Noncontrolling interest in subsidiary$293.0M$293.0M$293.0M$293.0M
Total equity$8.1B$7.9B$7.7B$7.4B
Total liabilities and equity$98.7B$98.9B$91.0B$86.7B

Cash flow statement

WESTERN ALLIANCE BANCORPORATION cash flow statement, fiscal years
Line itemDec 31, 2025 · FYDec 31, 2024 · FYDec 31, 2023 · FYDec 31, 2022 · FY
Net income$990.6M$787.7M$722.4M—
Provision for credit losses$224.1M$145.9M$62.6M($68.1M)
Depreciation and amortization$106.6M$94.4M$63.0M$52.4M
Stock-based compensation$51.4M$47.7M$34.3M$39.8M
Deferred income taxes($130.3M)$12.4M($24.9M)($68.6M)
Amortization of net discounts for investment securities($40.9M)($207.3M)($84.0M)$21.1M
Amortization of tax credit investments$76.4M$75.2M$64.3M$63.2M
Amortization of operating lease right of use asset$23.5M$24.1M$23.5M$22.2M
Amortization of net deferred loan fees and net purchase premiums($78.4M)($85.6M)($84.0M)($73.6M)
Purchases and originations of loans HFS($58.3B)($48.7B)($42.7B)($45.4B)
Proceeds from sales and payments on loans HFS and related securitization activities$55.8B$45.8B$42.2B$47.3B
Mortgage servicing rights capitalized upon sale of mortgage loans($1.2B)($922.8M)($864.5M)—
Change in fair value of trading securities, loans HFS, mortgage servicing rights, and related derivatives$189.8M($9.4M)$87.8M—
Fair value adjustments$6.6M($16.3M)$122.0M—
Sale of investment securities($29.4M)($17.4M)$40.8M—
Extinguishment of debt$0$0($52.7M)—
Other operating activities, net($47.6M)($20.6M)($1.1M)$17.7M
Other assets($407.9M)———
Other liabilities$128.9M———
Net cash provided by operating activities($2.7B)($2.7B)($328.6M)$2.2B
Purchases($17.6B)($16.8B)($15.1B)($2.4B)
Principal pay downs and maturities$6.5B$10.3B$10.0B$604.2M
Proceeds from sales$6.2B$4.5B$1.5B$177.0M
Purchases($166.2M)($131.5M)($201.6M)($281.9M)
Principal pay downs and maturities$119.9M$33.8M$62.1M$100.6M
Purchases($800.0K)($700.0K)($600.0K)($36.2M)
Redemptions$16.2M$15.0M$9.0M—
Proceeds from sales$35.3M$0$1.5M$14.1M
Proceeds from sale of mortgage servicing rights and related holdbacks, net$644.6M$908.3M$798.2M$391.9M
Purchase of other investments($288.2M)($135.5M)($245.1M)($346.6M)
Proceeds from bank owned life insurance, net$1.2M$1.7M$700.0K$0
Net (increase) decrease in loans HFI($5.2B)($3.8B)$1.1B($11.2B)
Purchase of premises, equipment, and other assets, net($114.3M)($83.8M)($114.3M)($141.0M)
Purchase of bank owned life insurance$0($800.0M)——
Proceeds from sale of other repossessed assets$17.2M———
Net cash used in investing activities($9.9B)($6.0B)($2.2B)($13.1B)
Net increase in deposits$10.8B$11.0B$1.7B$6.0B
Net proceeds from issuance of long-term debt$7.6B$3.0B$9.9M$578.4M
Payments on long-term debt($8.5B)($1.0B)($818.1M)($30.7M)
Net increase (decrease) in short-term borrowings$2.2B($1.6B)$2.3B$4.9B
Net proceeds from issuance of equity by a subsidiary$293.3M———
Net proceeds from repurchase obligations$0$0$2.7B—
Payments on repurchase obligations$0$0($2.7B)—
Cash paid for tax withholding on vested restricted stock and other($11.9M)($8.7M)($11.0M)$18.5M
Common stock repurchases($68.1M)——$0
WESTERN ALLIANCE BANCORPORATION cash flow statement, quarters
Line itemJun 30, 2026 · YTDMar 31, 2026 · Q1Sep 30, 2025 · YTDJun 30, 2025 · YTD
Net income$458.0M$189.2M$697.4M$436.9M
Provision for credit losses$293.6M$213.2M$151.1M$71.1M
Depreciation and amortization$57.8M$28.5M$79.1M$51.4M
Stock-based compensation$22.1M$9.0M$39.3M$26.5M
Deferred income taxes($37.3M)($21.0M)($99.6M)($46.9M)
Amortization of net discounts for investment securities($8.3M)($1.6M)($38.8M)($32.5M)
Amortization of tax credit investments$32.1M$12.9M$55.3M$34.1M
Amortization of operating lease right of use asset$12.1M$6.1M$17.7M$11.9M
Amortization of net deferred loan fees and net purchase premiums($33.9M)($17.6M)($58.7M)($38.7M)
Purchases and originations of loans HFS($32.0B)($15.0B)($42.5B)($26.7B)
Proceeds from sales and payments on loans HFS and related securitization activities$31.0B$14.5B$40.0B$25.0B
Mortgage servicing rights capitalized upon sale of mortgage loans($588.8M)($294.8M)($863.4M)($544.8M)
Change in fair value of trading securities, loans HFS, mortgage servicing rights, and related derivatives$42.3M$25.9M$165.1M$114.8M
Fair value adjustments$3.6M$0$3.2M$4.6M
Sale of investment securities($53.5M)($50.5M)($22.0M)($13.5M)
Other($32.6M)($20.4M)($18.3M)$700.0K
Other assets$67.1M$12.4M——
Other liabilities($40.3M)($36.2M)——
Net cash used in operating activities($863.3M)($507.2M)($2.6B)($2.0B)
Purchases($9.0B)($7.1B)($13.5B)($9.6B)
Principal pay downs and maturities$1.7B$665.7M$5.2B$3.6B
Proceeds from sales$7.2B$6.6B$4.9B$2.6B
Purchases($128.3M)($42.5M)($78.3M)($51.2M)
Principal pay downs and maturities$43.6M$8.8M$73.9M$39.2M
Purchases($400.0K)($200.0K)($600.0K)($400.0K)
Redemptions$0$0$5.0M$5.0M
Proceeds from sales$10.7M$0$34.3M$22.0M
Proceeds from sale of mortgage servicing rights and related holdbacks, net$470.2M$212.6M$631.1M$518.8M
Purchase of other investments($110.2M)———
Proceeds from bank owned life insurance, net$0$0$600.0K$600.0K
Net increase in loans HFI($2.6B)($762.2M)($3.1B)($2.4B)
Purchase of premises, equipment, and other assets, net($43.5M)($24.2M)($65.9M)($37.7M)
Proceeds from sale of other repossessed assets$800.0K$700.0K$17.2M—
Net cash used in investing activities($2.5B)($457.9M)($6.2B)($5.6B)
Net increase in deposits$4.7B$5.6B$10.9B$4.8B
Net proceeds from issuance of long-term debt$1.8B$700.0M$6.2B$3.7B
Payments on long-term debt($1.7B)($1.0B)($5.9B)($3.4B)
Net increase in short-term borrowings$1.1B$803.4M—$1.0B
Net proceeds from issuance of equity by a subsidiary$0$0$293.1M$293.1M
Cash paid for tax withholding on vested restricted stock and other($18.6M)($18.1M)($11.8M)($11.7M)
Common stock repurchases($52.6M)($50.3M)($10.6M)—
Cash dividends paid on common and preferred stock($98.3M)($49.3M)($135.4M)($90.4M)
Cash dividends paid to noncontrolling interest($14.2M)($7.1M)($14.5M)($7.4M)
Payment of contingent consideration($12.4M)($12.4M)——
Net cash provided by financing activities$5.7B$5.9B$10.4B$6.2B

WESTERN ALLIANCE BANCORPORATION score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.