Western Alliance Bancorp

westernalliancebancorporation.com

What Do They Do?

Provides commercial banking and treasury services to businesses and financial institutions, along with consumer banking and mortgage services for consumers.

How Do They Make Money?

Earns interest income from commercial and consumer-related banking, along with fees for account services, card use, and payment disbursements. It generally receives service payments during or when services are provided; disbursement and escrow fees are earned when funds are transferred.

revenue

Segment	Share	Revenue
Commercial	52% FY2022: 59%
Consumer Related	26% FY2022: 30%
Corporate & Other	21% FY2022: 11%

Who Are Their Customers?

Provides commercial banking and treasury services to small and middle-market businesses, specialized services to commercial institutions and investors in niche industries, and banking and mortgage services to consumer-related enterprises and consumers.

Do Revenues Turn Into Profits?

Yes. Its net income in FY2025 was larger than its revenue.

Net income, FY2025

714% of revenue

▲ +23% vs FY2024 ($787.7M, 1158%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jun 30, 2026

Revenue: ▲ +94%; vs $23.5M in Q2 FY2025
Net income: ▲ +14%; vs $230.4M in Q2 FY2025

Commercial Segment share of interest income vs 53.1% in Q2 FY2025

Mar 6, 2026 Bank charges off $126.4 million loan after missed payments The Bank charged off the remaining $126.4 million balance after counterparties said they would not make required payments, and filed suit.

Growing. Revenue grew 3.6x in 4 years, from $37.6M in FY2021 to $135.8M in FY2025, about 38% a year.

Corporate trust services The older report said WATC would provide corporate trust and levered loan administration services; the latest says it provides them.

Revenue over time

Commercial Consumer Related Corporate & Other

$5B$2.5B$0

FY2022 FY2023 FY2024 FY2025

Comments