Stocks · Financial Services · Banks - Regional
Western Alliance Bancorporation WAL
$76.38 +0.90% Close, Oct 2, 2026 · NYSE · Market cap $8.34B
Weak trend
Next earnings report: Oct 20, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- The stock is in a downtrend: below its 200-day average, with the 50-day average below the 200-day.
- Diluted EPS over the last four quarters was $8.90, up 17.0% year over year.
- Revenue over the last four quarters was $5.13B, up 0.9% from a year earlier, slowing from 9.5% a quarter earlier.
PromtFinance scores
Each score is a percentile within the Financial Services sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Bottom 30%
- EPS growth (TTM, YoY)Bottom 47%
- Revenue growth, 3-year CAGRTop 28%
- Revenue growth accelerationBottom 18%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalBottom 44%
- Gross marginBottom 32%
- Operating marginTop 44%
- Cash conversion (OCF / net income)Bottom 5%
- Accruals (lower is better)Bottom 17%
- Net debt / EBITDA (lower is better)Top 48%
- Interest coverBottom 37%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 11%
- Free-cash-flow yieldBottom 6%
- EBITDA / enterprise valueTop 14%
- Sales / enterprise valueTop 26%
- P/E vs own 5-year history (lower is better)Top 31%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 18%
- 6-month returnTop 49%
- 1-year return vs S&P 500Bottom 21%
- Distance from 52-week highBottom 22%
- Trend checklist (0–4)Bottom 9%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersTop 50%
- Consecutive EPS beatsBottom 17%
- Share of analysts rating BuyTop 13%
- Upside to consensus price targetBottom 41%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Bottom 40%
- Maximum drawdown, 3 yearsBottom 31%
- Beta vs S&P 500 (lower is better)Bottom 8%
- Net debt / EBITDA (lower is better)Top 48%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 9.5% | 0.9% | ↓ |
| EPS growth (YoY) | 18.1% | 17.0% | ↓ |
| Gross margin | 59.9% | 56.6% | ↓ |
| Operating margin | 20.6% | 24.0% | ↑ |
| FCF margin | -74.5% | -32.1% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 0.9% | 9.5% | ↓ | Bottom 30% |
| EPS growth (TTM, YoY) | 17.0% | 18.1% | ↓ | Bottom 47% |
| Gross margin | 56.6% | 59.9% | ↓ | Bottom 32% |
| Operating margin | 24.0% | 20.6% | ↑ | Top 44% |
| Net margin | 19.3% | 16.6% | ↑ | — |
| Free-cash-flow margin | -32.1% | -74.5% | ↑ | — |
| Return on invested capital | 1.0% | — | Bottom 44% | |
| Revenue growth, 3-year CAGR | 21.2% | — | Top 28% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- -1.55×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- 2.6%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- -0.1%
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 1.11×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 0.7×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 2.31%
- Net buyback yield (TTM)
- 1.44%
- Shareholder yield
- 3.76%
- Share count change, 1 year
- -0.3%
- Share count change, 3-year CAGR
- +0.3%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Jul 31, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 0
- Beats in the last 8 reports
- 6 of 8
- Average EPS surprise, last 4
- +4.8%
- Average 2-day reaction, last 8
- +0.6%
- Positive 20 days after report
- 4 of 8
Analysts
- Consensus price target
- $86.20
- Target vs current price
- +12.9%
- Analysts with a rating
- 24
- Share rating Buy or Strong Buy
- 79%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 21, 2026 | +0.0% | -0.6% | +2.2% | +0.9% | — |
| Apr 21, 2026 | +1.9% | -2.0% | +1.9% | -3.6% | +5.7% |
| Jan 27, 2026 | +7.9% | +1.2% | +1.4% | -0.2% | -11.4% |
| Oct 21, 2025 | +9.6% | +1.1% | +5.2% | -2.0% | +19.1% |
| Jul 17, 2025 | +2.5% | +2.7% | +1.4% | +2.9% | -3.4% |
| Apr 21, 2025 | +0.6% | -2.2% | +5.1% | +17.8% | +24.2% |
| Jan 27, 2025 | +1.6% | +2.0% | -4.6% | -6.7% | -29.1% |
| Oct 17, 2024 | -4.8% | +2.4% | -10.2% | +1.2% | -8.8% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Jul 21, 2026 | $2.36 | $2.36 | +0.0% | $995.7M |
| Apr 21, 2026 | $1.65 | $1.62 | +1.9% | $998.7M |
| Jan 27, 2026 | $2.59 | $2.40 | +7.9% | $980.9M |
| Oct 21, 2025 | $2.28 | $2.08 | +9.6% | $923.2M |
| Jul 17, 2025 | $2.07 | $2.02 | +2.5% | $845.9M |
| Apr 21, 2025 | $1.79 | $1.78 | +0.6% | $778.0M |
| Jan 27, 2025 | $1.95 | $1.92 | +1.6% | $835.6M |
| Oct 17, 2024 | $1.80 | $1.89 | -4.8% | $822.9M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 8.6× | 9.0× | 33th | Top 11% |
| P/E (forward) | 8.5× | — | — | — |
| EV / EBITDA | 7.2× | — | — | Top 14% |
| EV / Sales | 1.92× | — | — | Top 26% |
| Free-cash-flow yield | -19.79% | — | — | Bottom 6% |
| Earnings yield | 11.65% | — | — | Top 11% |
P/E over the past five years
Range 3.1× – 14.8× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- -11.2%
- Earnings per share growth (TTM)
- +17.0%
- Change in P/E multiple
- -9.9%
Most of the move came from earnings growth.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✗ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- -1.9%
- 200-day average slope (20 days)
- -0.5%
- Distance from 50-day average
- -4.1%
- Distance from 200-day average
- -5.8%
- RSI (14)
- 42.8
- Relative volume
- 0.86×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 22.9%
- Volatility vs own 5-year history
- 0th percentile · Low for this stock
- Beta vs S&P 500 (2 years, weekly)
- 1.46
- Correlation with S&P 500
- 0.61
- Current drawdown from 1-year high
- -20.5%
- Maximum drawdown, 3 years
- -36.5%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Nov 3, 2021 | May 4, 2023 | -85.2% | 376 days | Not yet recovered |
| Apr 27, 2021 | Jun 18, 2021 | -17.5% | 37 days | 71 days (Sep 29, 2021) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $8.34B
- P/E (TTM)
- 8.6
- EPS, diluted (TTM)
- $8.90
- Revenue (TTM)
- $5.13B
- Dividend yield
- 2.20%
- 52-week range
- $65.82 – $97.23
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $2.00B | $2.96B | $4.26B | $5.02B | $5.28B |
| Gross profit | $1.92B | $2.42B | $2.50B | $2.95B | $3.22B |
| Operating income | $1.12B | $1.32B | $933.6M | $991.2M | $1.21B |
| Net income | $899.2M | $1.06B | $722.4M | $787.7M | $969.0M |
| EPS (diluted) | $8.67 | $9.70 | $6.54 | $7.09 | $8.73 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.31B | $1.29B | $1.21B | $1.28B | $1.40B | $1.41B | $1.44B | $888.5M |
| Net income | $199.8M | $216.9M | $199.1M | $230.4M | $253.4M | $286.1M | $189.2M | $261.7M |
| EPS (diluted) | $1.80 | $1.95 | $1.79 | $2.07 | $2.28 | $2.59 | $1.67 | $2.36 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | -$2.65B | $2.25B | -$328.6M | -$2.74B | -$2.68B |
| Capital expenditure | -$69.4M | -$141.0M | -$114.3M | -$83.8M | -$114.3M |
| Free cash flow | -$2.72B | $2.10B | -$442.9M | -$2.83B | -$2.79B |
| Dividends paid | -$127.6M | -$166.2M | -$171.5M | -$176.8M | -$184.8M |
| Net share buybacks | $540.3M | $157.7M | $100,000 | $100,000 | $224.3M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $15.88B
- Total assets
- $98.70B
- Total liabilities
- $90.57B
- Total debt
- $7.45B
- Net debt
- $1.52B
- Shareholders’ equity
- $7.84B
As of Jun 30, 2026 (filed Jul 31, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Aug 13, 2026 | $0.42 | Aug 27, 2026 |
| May 14, 2026 | $0.42 | May 29, 2026 |
| Feb 20, 2026 | $0.42 | Mar 6, 2026 |
| Nov 13, 2025 | $0.42 | Nov 28, 2025 |
| Aug 14, 2025 | $0.38 | Aug 29, 2025 |
| May 15, 2025 | $0.38 | May 30, 2025 |
| Feb 14, 2025 | $0.38 | Feb 28, 2025 |
| Nov 15, 2024 | $0.38 | Nov 29, 2024 |
Short interest
- Shares sold short
- 5,974,409
- Days to cover
- 6.40
- Change vs previous report
- +5.7%
FINRA short interest, settlement date Sep 15, 2026.