WAL · Western Alliance Bancorporation
$79.18
-1.22 (-1.52%)
At close · Aug 20
Market Cap
$8.81B
Shares
109.10M
Price & Indicators
20d MA
50d MA
200d MA
Earnings
Filing
Insider
Congress
Investor day
Close$80.40
Open$81.06
Day$79.29–81.15
52W close$66.70–96.08
Avg vol 30d946K
Short int6.3M · 5.8% float · 5.9d
Short vol59%
Last earningsJul 22, 2026
DataJan 2020–Aug 2026
Filing10-Q · Jul 31
Up next
Next earnings call
Oct 24, 2026
Est · unconfirmed
· in 9 wks
FQ3-26 quarter ends
~Sep 30, 2026
Est
filed Jul 31, 2026
AI Brief
TL;DR.
Bullish
Bearish
From the call
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Ask ALVIS about this →Equibles Rating
blended score · not investment adviceOverall
Neutral
SellHoldBuy
Technical
Neutral
Momentum
Very Weak
Sentiment
Neutral
Fundamentals
Excellent
Quant / Vol
Moderate
Market backdrop
VIX 14.9 · calm
Equity put/call 0.52
Technical
price trend
50 / 200-day cross
No cross
Price vs 200-day avg
−1%
below
Price vs 50-day avg
−2%
below
RSI (14)
45
neutral
MACD trend
Negative
52-week position
47%
mid-range
Volume (OBV)
Confirms
volume backs price
Momentum
relative strength
1-month return
−4%
trailing
6-month return
−11%
trailing
YTD return
−4%
this year
Relative strength
−22%
vs S&P · 6-mo
Sentiment
smart money
Trend (MA cross)
No cross
50d $82 › 200d $81 — 50d above 200d
Institutional flow
Accumulating
+10% holders QoQ · +105 funds added
Insider flow
Distributing
Net -$3.8M over 90 days · 100% sells
Short interest
Rising
5.78% of float · ▲ +13.1% MoM · 5.9 days cover
Volume signal
Reversal watch
High volume on a down day — possible exhaustion
Institution breadth
Multi-yr high
496 holders — near 3-yr high, broad support
Squeeze score
59
elevated · 0–100
Fundamentals
Revenue growth
+100%
Y/Y
EPS growth
+23%
Y/Y
Valuation
P/E 9.1
below peers
Buyback
$179.6M
remaining
Balance sheet
$4.2B
net debt
Quant / Vol
risk profile
Volatility
36%
annualized · 1-yr
Max drawdown
−31%
past year
ATR
2.4%
of price · 14-day
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Latest guidance
· from the 8-K filed Jan 27, 2026
Capital (CET1)
· 2026
11%
NIE (Ex. Deposit Costs)
· 2026
$1.62B – $1.67B
Deposit Costs
· 2026
$535M – $585M
Prior guidance
period ended
· from the 8-K filed Oct 21, 2025
Non-interest income
· 2025 Outlook
$600M – $610M
ECR-related deposit costs
· Q4-25E
$140M – $150M
Non-interest expense
· 2025 Outlook
$1.47B – $1.51B
Deposits
· 2025 Outlook
$8.5B
HFI loans
· 2025 Outlook
$5B
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Neutral
50 / 200-day cross
No cross
Neutral
Price vs 200-day avg
−1%
Neutral
Price vs 50-day avg
−2%
Neutral
RSI (14)
45
Neutral
MACD trend
Negative
Bearish
52-week position
47%
Neutral
Volume (OBV)
Confirms
Neutral
Market signals — smart money & positioning
Mixed
Trend (MA cross)
No cross
50d $82 › 200d $81 — 50d above 200d
Institutional flow
Accumulating
+10% holders QoQ · +105 funds added
Insider flow
Distributing
Net -$3.8M over 90 days · 100% sells
Short interest
Rising
5.78% of float · ▲ +13.1% MoM · 5.9 days cover
Volume signal
Reversal watch
High volume on a down day — possible exhaustion
Institution breadth
Multi-yr high
496 holders — near 3-yr high, broad support
Price context
position in its 52-week range
Range low $67
Now $80 · 47%
Range high $96
vs 200-day avg -1%
vs 50-day avg -2%
Illustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Allowance for credit losses to funded HFI loans ratio | 0.89% | Q2 2026 | — |
| Allowance for credit losses to funded HFI loans ratio, adjusted for covered reference pools non-GAAP | 1.01% | Q2 2026 | — |
| Allowance for credit losses to nonaccrual HFI loans | 96% | At or For the Three Months Ended June 30 | — |
| Allowance for loan losses to funded HFI loans ratio | 0.8% | Q2 2026 | — |
| Allowance for loan losses to nonaccrual HFI loans | 87% | At or For the Three Months Ended June 30 | — |
| Average common shares outstanding - Basic | 108M | Six Months Ended June 30 | — |
| Average common shares outstanding - Diluted | 108.1M | Six Months Ended June 30 | — |
| Average Earning Assets | 91.7B | Q2 2026 | — |
| Average ECR-related deposits | 31.6B | Q2 2026 | — |
| Book value per common share | $69.11 | At or For the Three Months Ended June 30 | — |
| Classified Accruing Assets | $440M | Q2 2026 | — |
| Classified assets | $1.1B | Q2 2026 | — |
| Classified assets to Tier 1 capital plus the allowance for credit losses | 13.3% | Q2 2026 | — |
| Common equity tier 1 capital ratio | 11% | Q2 2026 | — |
| Common shares outstanding | 109.2M | At or For the Three Months Ended June 30 | — |
| Cost of Interest Bearing Deposits | 2.74% | Q2 2026 | — |
| Cost of Total Borrowings | 1.96% | Q2 2026 | — |
| Criticized loans | $1.3B | Q2 2026 | — |
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| Cumulative repurchases since program inception | $120.4M | since program inception on September 15, 2025 | — |
| Cumulative shares repurchased since program inception | 1.6M | since program inception on September 15, 2025 | — |
| Deposit costs | $179.2M | Q2 2026 | — |
| Diluted earnings per common share as adjusted non-GAAP | $4.57 | Six Months Ended June 30 | — |
| Efficiency ratio non-GAAP | 56.9% | Six Months Ended June 30 | — |
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| Efficiency ratio, adjusted for deposit costs non-GAAP | 48.2% | Six Months Ended June 30 | — |
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| Gain on Sale margin | 29 | Q2 2026 | — |
| HFI loans to deposits ratio | 74.4% | Q2 2026 | — |
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| HFI Loans Yield | 5.82% | Q2 2026 | — |
| Interest rate lock commitment volume | 17.7B | Q2 2026 | — |
| Loans past due 30-89 days and still accruing interest | $122M | Q2 2026 | — |
| Loans past due 90 days and still accruing interest | $55M | Q2 2026 | — |
| Mortgage loan production | 16.2B | Q2 2026 | — |
| Net charge-offs to average loans - annualized, as adjusted non-GAAP | 0.38% | Six Months Ended June 30, 2026 | — |
| Net charge-offs to average loans outstanding | 0.37% | At or For the Three Months Ended June 30 | — |
| Net charge-offs to average loans outstanding as adjusted non-GAAP | 0.38% | Six Months Ended June 30 | — |
| Net charge-offs, as adjusted non-GAAP | $111M | Six Months Ended June 30, 2026 | — |
| Net interest margin | 3.54% | Six Months Ended June 30 | — |
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| Net loan charge-offs | $55M | Q2 2026 | — |
| Net loan charge-offs to average loans (annualized) | 0.37% | Q2 2026 | — |
| Net revenue, as adjusted non-GAAP | $1.96B | Six Months Ended June 30, 2026 | — |
| Nonaccrual loans | $562M | Q2 2026 | — |
| Nonaccrual loans and repossessed assets to total assets | 0.7% | At or For the Three Months Ended June 30 | — |
| Nonaccrual loans to funded HFI loans | 0.92% | At or For the Three Months Ended June 30 | — |
| Pre-provision net revenue non-GAAP | $412.4M | Q2 2026 | — |
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GAAP → non-GAAP reconciliationGAAP Net revenue 995.7M
-583.3M Total non-interest expense
= Pre-provision net revenue 412.4M
|
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| Pre-provision net revenue, as adjusted non-GAAP | $806.4M | Six Months Ended June 30, 2026 | — |
| Quarterly Common Dividend per share | $0.42 | Q2 2026 | — |
| Repossessed assets | $126M | Q2 2026 | — |
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| Return on average assets | 1.09% | Q2 2026 | — |
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| Return on average assets as adjusted non-GAAP | 1.08% | Six Months Ended June 30 | — |
| Return on average tangible common equity | 15.3% | Q2 2026 | — |
| Return on average tangible common equity as adjusted non-GAAP | 14.7% | Six Months Ended June 30 | — |
| Return on tangible common equity non-GAAP | 15.3% | Q2 2026 | — |
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| Securities Portfolio Yield | 4.64% | Q2 2026 | — |
| Servicing portfolio UPB | 75.7B | Q2 2026 | — |
| Share repurchases | $2.3M | Q2 2026 | — |
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| Share repurchases (amount) | $120.4M | Inception through Q2 2026 | — |
| Share repurchases (shares) | 31,924 | Q2 2026 | — |
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| Special Mention Loans | $316M | Q2 2026 | — |
| Tangible book value per share, net of tax non-GAAP | $63.24 | Q2 2026 | — |
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| Tangible common equity ratio non-GAAP | 7% | Q2 2026 | — |
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| Tier 1 Capital | 12% | Jun 30, 2026 | — |
| Tier 1 Leverage ratio | 8.1% | Jun 30, 2026 | — |
| Total Avg. Cost (Deposits) | 1.78% | Q2 2026 | — |
| Total Avg. Cost (Funding) | 1.9% | Q2 2026 | — |
| Total Capital | 14.1% | Jun 30, 2026 | — |
| Total capital to risk-weighted assets | 14.1% | Q2 2026 | — |
| Net loan charge-offs to average loans, as adjusted non-GAAP | 0.39% | first quarter 2026 | — |
| Total classified assets ratio | 1.08% | first quarter 2026 | — |
| Adjusted efficiency ratio non-GAAP | 46.5% | Q4 2025 | — |
| Adjusted efficiency ratio (full year) non-GAAP | 50.2% | Full Year 2025 | — |
| Efficiency ratio (full year) non-GAAP | 58.9% | Full Year 2025 | — |
| HFI loans, net of deferred fees | $58.7B | Q4 2025 | — |
| Net charge-offs to average loans (full year) | 0.24% | Full Year 2025 | — |
| Net interest margin (full year) | 3.51% | Full Year 2025 | — |
| Net loan charge-offs to average loans outstanding (annualized) | 0.31% | Q4 2025 | — |
| Nonperforming assets to total assets ratio (full year) | 0.69% | Full Year 2025 | — |
| Pre-provision net revenue (full year) non-GAAP | $1.4B | Full Year 2025 | — |
| Return on average assets (full year) | 1.12% | Full Year 2025 | — |
| Return on tangible common equity (full year) non-GAAP | 15.3% | Full Year 2025 | — |
| Share repurchases (full year shares) | 0.8M | Full Year 2025 | — |
| Share repurchases (full year) | $68.1M | Full Year 2025 | — |
| Tangible book value per share, net of tax (full year) non-GAAP | $61.29 | Full Year 2025 | — |
| Tangible common equity ratio (full year) non-GAAP | 7.3% | Full Year 2025 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Banks - Regional — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
WAL
this stock
Western Alliance Bancorporation
|
$8.81B | -4.4% | +99.7% | 9.1 | 5.8% |
|
MFG
Mizuho Financial Group Inc
|
$123.19B | +38.5% | — | — | 0.1% |
|
HDB
Hdfc Bank Ltd
|
$118.97B | -36.6% | +15.2% | — | 0.5% |
|
IBN
Icici Bank Ltd
|
$105.45B | -1.2% | — | — | 0.5% |
|
USB
US Bancorp De
|
$100.95B | +17.7% | +4.4% | 12.9 | 1.7% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionOwnership
Short & Settlement
Smart Money
Financials
Filings
Performance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| WAL | -2.7% | -3.6% | -10.7% | -0.1% | -4.4% |
| SPY | -0.4% | +2.9% | +11.6% | +3.0% | +12.8% |
| vs SPY | -2.3% | -6.5% | -22.3% | -3.1% | -17.2% |
Capital returns
Latest dividend
$0.42
/ share · ex Aug 13, 2026
Paid (TTM)
$1.68
/ share · 4 payouts
Dividend yield (TTM, derived)
2.09%
Buyback program
· as of Jun 30, 2026
Authorized
$300.00M
Spent (derived)
$120.40M
Remaining
$179.60M
Spent
Remaining
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.
Key facts
CIK
1212545
CUSIP
957638109
13F (30d)
466 filings
443 filers
Visit website
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