Western Alliance Bancorp
Research Western Alliance Bancorp (WAL) on Bullrun: valuation model: 24.9% undervalued, market cap USD 8.69B, P/E 9.0, dividend yield 2.1%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerWAL
- ExchangeNYSE
- CountryUnited States
- SectorFinancial Services
- IndustryBanks-Regional
- CurrencyUSD
- Valuation signal24.9% undervalued
- Market capUSD 8.69B
- P/E9.0
- Dividend yield2.1%
- Financial periodQ2 2026
- RevenueUSD 978.10M
- Net incomeUSD 261.70M
- Free cash flow-USD 375.40M
Valuation Snapshot
Bullrun's latest valuation model marks Western Alliance Bancorp as 24.9% undervalued; latest market cap is USD 8.69B; P/E is 9.0; dividend yield is 2.1%.
Peer valuation comparison
Latest P/E is 8.97x versus a Financial Services sector median of 13.84x (35.2% below).
Latest dividend yield is 2.13% versus a Financial Services sector median of 3.86% (44.7% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 135.80M | USD 969.00M | -USD 2.79B | n/a | 8.73 | USD 3.60B | USD 5.24B | USD 7.65B |
| FY2024 | USD 68.00M | USD 788.00M | -USD 2.83B | n/a | 7.09 | USD 4.10B | USD 5.57B | USD 6.71B |
| FY2023 | USD 98.60M | USD 722.00M | n/a | n/a | 6.54 | USD 1.58B | USD 7.23B | USD 6.08B |
| FY2022 | USD 44.10M | USD 1.06B | n/a | n/a | 9.7 | USD 1.04B | USD 6.30B | USD 5.36B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-08-25 | USD 8.69B | 9.0 | 2.1% | 1.68 |
| 2025 | 2025-12-31 | USD 9.21B | 9.6 | 1.9% | 1.56 |
| 2024 | 2024-12-31 | USD 9.19B | 11.8 | 1.8% | 1.49 |
| 2023 | 2023-12-29 | USD 7.20B | 8.3 | 2.2% | 1.45 |
| 2022 | 2022-12-30 | USD 6.49B | 6.4 | 2.4% | 1.42 |
| 2021 | 2021-12-31 | USD 11.48B | 12.4 | 1.1% | 1.2 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 1.68 USD, yield 2.1%.
| Year | Dividends/share |
|---|---|
| FY2025 | 1.56 USD |
| FY2024 | 1.49 USD |
| FY2023 | 1.45 USD |
| FY2022 | 1.42 USD |
About Western Alliance Bancorp
Western Alliance Bancorporation operates as the bank holding company for Western Alliance Bank that provides various banking products and related services primarily in Arizona, California, and Nevada. It operates through Commercial and Consumer Related segments. The company offers deposit products, including demand deposit, checking, savings, and money market accounts, as well as fixed-rate and fixed maturity certificates of deposit accounts;
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Frequently asked questions
Is Western Alliance Bancorp overvalued or undervalued?
Bullrun's valuation model currently marks Western Alliance Bancorp as 24.9% undervalued.
What is Western Alliance Bancorp's market cap?
Western Alliance Bancorp's market capitalization is USD 8.69B.
What is Western Alliance Bancorp's P/E ratio?
Western Alliance Bancorp's price-to-earnings (P/E) ratio is 9.0.
Does Western Alliance Bancorp pay a dividend?
Western Alliance Bancorp has a dividend yield of 2.1%.
What does Western Alliance Bancorp do?
Western Alliance Bancorporation operates as the bank holding company for Western Alliance Bank that provides various banking products and related services primarily in Arizona, California, and Nevada. It operates through Commercial and Consumer Related segments.