Western Alliance Bancorporation - Understand $wal stock

$WAL Market Cap: $10.17 Billion

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Financial Snapshot

Revenue

$1.087B

TTM

Gross Margin

Net Earnings

$705.9M

TTM

Current Assets

Current Liabilities

$1.470B

Q3 2024

Current Ratio

Total Assets

$80.08B

Q3 2024

Total Liabilities

$73.40B

Q3 2024

Book Value

$6.677B

Q3 2024

Cash

$2.592B

Q3 2024

P/E

14.40

Nov 29, 2024 EST

Free Cash Flow

-$1.864B

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Revenue	$98.60M	$2.692B	$1.659B	$1.262B	$1.225B	$1.034B	$845.5M	$700.5M	$525.1M	$416.4M	$362.7M	$318.3M	$296.6M	$281.8M
YoY Change	-96.34%	62.28%	31.46%	3.0%	18.53%	22.23%	20.7%	33.39%	26.12%	14.81%	13.94%	7.32%	5.24%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Revenue	$98.60M	$2.692B	$1.659B	$1.262B	$1.225B	$1.034B	$845.5M	$700.5M	$525.1M	$416.4M	$362.7M	$318.3M	$296.6M	$281.8M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$49.50M	$31.80M	$20.70M	$15.20M	$13.50M	$14.30M	$13.40M	$12.50M	$8.500M	$6.200M	$6.900M	$6.300M	$10.60M	$14.10M	$15.50M	$12.90M	$12.10M	$6.700M	$3.800M	$2.600M	$1.800M
YoY Change	55.66%	53.62%	36.18%	12.59%	-5.59%	6.72%	7.2%	47.06%	37.1%	-10.14%	9.52%	-40.57%	-24.82%	-9.03%	20.16%	6.61%	80.6%	76.32%	46.15%	44.44%	5.88%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Interest Expense	$1.696B	$475.5M	$109.9M	$94.90M	$184.6M	$117.6M	$60.85M	$43.29M	$32.57M	$31.49M	$29.76M	$28.03M	$38.92M	$49.26M
YoY Change	256.76%	332.67%	15.81%	-48.59%	56.97%	93.27%	40.55%	32.93%	3.44%	5.8%	6.16%	-27.98%	-20.98%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Pretax Income	$933.6M	$1.316B	$1.123B	$622.5M	$604.2M	$510.3M	$451.8M	$361.2M	$258.5M	$197.5M	$145.7M	$101.1M	$50.34M	-$10.58M	-$185.4M	-$279.5M	$48.40M	$61.50M	$43.40M	$31.00M	$12.90M
YoY Change	-29.06%	17.2%	80.4%	3.03%	18.4%	12.94%	25.1%	39.7%	30.91%	35.59%	44.12%	100.77%	-575.79%	-94.29%	-33.67%	-677.48%	-21.3%	41.71%	40.0%	140.31%	2.38%
Income Tax	$211.2M	$258.8M	$223.8M	$115.9M	$105.0M	$74.50M	$126.3M	$101.4M	$64.29M	$48.39M	$29.83M	$25.94M	$16.85M	-$6.410M	-$38.50M	-$49.50M	$15.50M	$21.60M	$15.40M	$11.00M	$4.200M
% Of Pretax Income	22.62%	19.66%	19.93%	18.62%	17.38%	14.6%	27.96%	28.07%	24.87%	24.5%	20.48%	25.66%	33.47%				32.02%	35.12%	35.48%	35.48%	32.56%
Net Earnings	$709.6M	$1.045B	$899.2M	$506.6M	$499.2M	$435.8M	$325.5M	$259.8M	$194.2M	$148.0M	$115.0M	$72.64M	$31.49M	-$7.195M	-$151.4M	-$236.5M	$32.90M	$39.90M	$28.10M	$20.10M	$8.700M
YoY Change	-32.06%	16.16%	77.5%	1.48%	14.55%	33.89%	25.29%	33.75%	31.29%	28.69%	58.27%	130.64%	-537.72%	-95.25%	-35.98%	-818.84%	-17.54%	41.99%	39.8%	131.03%	3.57%
Net Earnings / Revenue	719.68%	38.8%	54.21%	40.15%	40.75%	42.17%	38.5%	37.09%	36.99%	35.53%	31.7%	22.82%	10.62%	-2.55%
Basic Earnings Per Share	$6.55	$9.74	$8.72	$5.06	$4.86	$4.16	$3.12	$2.52	$2.05	$1.69	$1.33	$1.45	$0.19	-$0.23
Diluted Earnings Per Share	$6.54	$9.707M	$8.67	$5.04	$4.84	$4.14	$3.10	$2.50	$2.03	$1.67	$1.31	$1.44	$0.19	-$0.23	-$2.575M	-$7.232M	$1.061M	$1.415M	$1.238M	$1.092M	$595.9K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment	$484.0M	$439.0M	$315.0M	$207.0M	$198.0M	$119.0M	$119.0M	$120.0M	$119.0M	$114.0M	$106.0M	$108.0M	$106.0M	$114.0M	$126.0M	$141.0M	$143.0M	$100.0M	$58.00M	$29.00M	$18.00M
YoY Change	10.25%	39.37%	52.17%	4.55%	66.39%	0.0%	-0.83%	0.84%	4.39%	7.55%	-1.85%	1.89%	-7.02%	-9.52%	-10.64%	-1.4%	43.0%	72.41%	100.0%	61.11%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$126.0M	$160.0M	$159.0M	$167.0M	$139.0M	$115.0M
YoY Change	-21.25%	0.63%	-4.79%	20.14%	20.87%
Other Assets	$287.0M	$311.0M	$21.00M	$31.00M	$18.00M	$32.00M	$6.000M	$95.00M	$86.00M	$63.00M	$81.00M	$52.00M	$62.00M	$80.00M	$69.00M	$34.00M	$26.00M	$8.000M	$11.00M	$6.000M	$5.000M
YoY Change	-7.72%	1380.95%	-32.26%	72.22%	-43.75%	433.33%	-93.68%	10.47%	36.51%	-22.22%	55.77%	-16.13%	-22.5%	15.94%	102.94%	30.77%	225.0%	-27.27%	83.33%	20.0%
Total Long-Term Assets
YoY Change
Total Assets	$70.86B	$67.73B	$55.98B	$36.46B	$26.82B	$23.11B	$20.33B	$17.20B	$14.28B	$10.60B	$9.307B	$7.623B	$6.845B	$6.194B	$5.753B	$5.243B	$5.016B	$4.170B	$2.857B	$2.177B	$1.577B
YoY Change
Accounts Payable	$1.147B	$1.357B															$26.00M	$19.00M	$30.00M	$7.000M	$5.000M
YoY Change	-15.48%																36.84%	-36.67%	328.57%	40.0%
Accrued Expenses	$179.0M	$185.0M	$143.0M	$80.00M	$78.00M
YoY Change	-3.24%	29.37%	78.75%	2.56%
Deferred Revenue
YoY Change
Short-Term Debt	$584.0M	$692.0M	$727.0M	$16.00M	$17.00M	$22.00M	$26.00M	$42.00M	$38.00M	$138.0M	$74.00M	$79.00M	$124.0M	$109.0M	$243.0M	$344.0M	$275.0M	$171.0M	$78.00M
YoY Change	-15.61%	-4.81%	4443.75%	-5.88%	-22.73%	-15.38%	-38.1%	10.53%	-72.46%	86.49%	-6.33%	-36.29%	13.76%	-55.14%	-29.36%	25.09%	60.82%	119.23%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$1.326B	$1.542B	$143.0M	$80.00M	$78.00M	$22.00M	$26.00M	$42.00M	$38.00M	$138.0M	$74.00M	$79.00M	$124.0M	$109.0M	$243.0M	$344.0M	$26.00M	$19.00M	$30.00M	$7.000M	$5.000M
YoY Change	-14.01%	978.32%	78.75%	2.56%	254.55%	-15.38%	-38.1%	10.53%	-72.46%	86.49%	-6.33%	-36.29%	13.76%	-55.14%	-29.36%	1223.08%	36.84%	-36.67%	328.57%	40.0%
Long-Term Debt	$8.125B	$7.192B	$1.671B	$549.0M	$394.0M	$360.0M	$377.0M	$368.0M	$210.0M	$40.00M	$106.0M	$230.0M	$390.0M	$116.0M	$112.0M	$113.0M	$122.0M	$102.0M	$31.00M	$31.00M	$31.00M
YoY Change	12.97%	330.4%	204.37%	39.34%	9.44%	-4.51%	2.45%	75.24%	425.0%	-62.26%	-53.91%	-41.03%	236.21%	3.57%	-0.88%	-7.38%	19.61%	229.03%	0.0%	0.0%
Other Long-Term Liabilities	$1.147B	$1.357B	$868.0M	$467.0M	$520.0M	$444.0M	$334.0M	$270.0M	$254.0M	$183.0M	$159.0M	$99.00M	$35.00M	$28.00M	$100.0M	$34.00M
YoY Change	-15.48%	56.34%	85.87%	-10.19%	17.12%	32.93%	23.7%	6.3%	38.8%	15.09%	60.61%	182.86%	25.0%	-72.0%	194.12%
Total Long-Term Liabilities	$8.125B	$7.192B	$2.539B	$1.016B	$914.0M	$804.0M	$711.0M	$638.0M	$464.0M	$223.0M	$265.0M	$329.0M	$425.0M	$144.0M	$212.0M	$147.0M	$122.0M	$102.0M	$31.00M	$31.00M	$31.00M
YoY Change	12.97%	183.26%	149.9%	11.16%	13.68%	13.08%	11.44%	37.5%	108.07%	-15.85%	-19.45%	-22.59%	195.14%	-32.08%	44.22%	20.49%	19.61%	229.03%	0.0%	0.0%
Total Liabilities	$64.78B	$62.38B	$51.02B	$33.05B	$23.81B	$20.50B	$18.10B	$15.31B	$12.68B	$9.600B	$8.452B	$6.863B	$6.208B	$5.592B	$5.178B	$4.747B	$4.515B	$3.761B	$2.613B	$2.043B	$1.479B
YoY Change	3.86%	22.26%	54.38%	38.83%	16.14%	13.24%	18.22%	20.7%	32.13%	13.58%	23.15%	10.55%	11.02%	8.0%	9.08%	5.14%	20.05%	43.93%	27.9%	38.13%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Basic Shares Outstanding	108.3M shares	107.2M shares	102.7M shares	100.2M shares	102.7M shares	104.7M shares	104.2M shares	103.0M shares	94.57M shares	86.69M shares	85.68M shares	92.35M shares	80.91M shares	75.08M shares
Diluted Shares Outstanding	108.5M shares	107.6M shares	103.3M shares	100.5M shares	103.1M shares	105.4M shares	105.0M shares	103.8M shares	95.22M shares	87.51M shares	86.54M shares	92.93M shares	81.18M shares	75.08M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $10.166 Billion

About WESTERN ALLIANCE BANCORPORATION

Western Alliance Bancorp is a bank holding company, which engages in the provision of deposit, lending, treasury management, international banking, and online banking products and services. The company is headquartered in Phoenix, Arizona and currently employs 3,426 full-time employees. The company went IPO on 2005-06-30. The firm provides a full spectrum of customized loan, deposit, and treasury management capabilities, including funds transfer and other digital payment offerings through its wholly owned banking subsidiary, Western Alliance Bank (WAB). WAB operates through five full-service banking divisions: Alliance Bank of Arizona, Bank of Nevada, Bridge Bank, First Independent Bank, and Torrey Pines Bank. The firm also provides a range of specialized financial services to business customers across the country, including mortgage banking services through AmeriHome and treasury management services to the homeowner's association sector, and digital payment services for the class action legal industry. The company has two non-bank subsidiaries, such as CS Insurance Company (CSI) and Western Alliance Trust Company, N.A. (WATC). CSI is a captive insurance company. WATC provides corporate trust services and levered loan administration solutions.

Industry: State Commercial Banks Peers: BOK FINANCIAL CORP COMMERCE BANCSHARES INC /MO/ CULLEN/FROST BANKERS, INC. FIRST FINANCIAL BANKSHARES INC PINNACLE FINANCIAL PARTNERS INC PNC FINANCIAL SERVICES GROUP, INC. PROSPERITY BANCSHARES INC ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/ WEBSTER FINANCIAL CORP