WESTERN ALLIANCE BANCORPORATION(WAL)Stock Analysis
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Rank #1,123 of 2,879 stocksTOP 50%
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
WAL Stock Analysis & AI Quality Score
AI stock analysis and institutional research for WESTERN ALLIANCE BANCORPORATION (WAL), a Financials sector company. 13F Pro's AI-powered ranking engine scores WAL at 56.1/100 on a 32-signal composite quality model, placing it at rank #1,123 of 2,879 stocks — the top half of the AI-ranked universe. WAL scores in the top quartile across revenue growth (99.1), profitability (98.7), institutional flow (81.1). Areas of concern include free cash flow (1.3) and revenue scale (20.5), which score below median versus the broader universe. Shareholder dilution risk is elevated at 5.4/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q1 2026), WESTERN ALLIANCE BANCORPORATION reports quarterly revenue of $1.0B, net income of $182.1M, free cash flow of $-507.2M. Top institutional holders of WAL by reported 13-F value include BlackRock,, Invesco Ltd., VANGUARD PORTFOLIO MANAGEMENT, based on the most recent SEC filings. WAL trades on the NYSE exchange and files with the SEC under CIK 1212545. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate WAL daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for WESTERN ALLIANCE BANCORPORATION directly from SEC EDGAR. WESTERN ALLIANCE BANCORPORATION's 13F Pro composite quality score has ranged between 28 and 56 since 2024, currently 56.1 — an improving long-term trajectory across 16 quarterly and live scoring snapshots.
Revenue
Q1 2026
$1.0B
Net Income
Q1 2026
$182.1M
Free Cash Flow
Q1 2026
$-507.2M
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
+207.9% YoYNet Income
-8.4% YoYEPS (Diluted)
-10.0% YoYTotal Assets
+37.0% YoYTotal Debt
-16.8% YoYOp. Cash Flow
-219.3% YoY| Metric | FY 2025 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|
| Revenue | $135.8M +207.9% | $44.1M +17.3% | $37.6M | — | — | — |
| Net Income | $969.0M -8.4% | $1.06B +17.6% | $899.2M +77.5% | $506.6M +1.5% | $499.2M +14.5% | $435.8M |
| EPS (Diluted) | $8.73 -10.0% | $9.70 +11.9% | $8.67 +72.0% | $5.04 +4.1% | $4.84 +16.9% | $4.14 |
| Total Assets | $92.77B +37.0% | $67.73B +21.0% | $55.98B +53.5% | $36.46B +35.9% | $26.82B +16.1% | $23.11B |
| Total Debt | $5.24B -16.8% | $6.30B +319.4% | $1.50B +7052.4% | $21.0M | $0.00 -100.0% | $491.0M |
| Operating Cash Flow | $-2.68B -219.3% | $2.25B +184.6% | $-2.65B -496.0% | $670.2M -6.6% | $717.8M +32.7% | $541.0M |
AI Insight: WAL Financial Trends
Net income surged 47% from Q2 2024 to Q4 2025, then declined 36% in Q1 2026 amid volatile operating cash flow.
• Net income rose from $194M (Q2 2024) to peak of $286M (Q4 2025), a 47% gain over nine months.
• Revenue nearly tripled from $15M (Q3 2024) to $67M (Q1 2026), showing sustained growth acceleration.
• Equity expanded 20% from $6,334M (Q2 2024) to $7,615M (Q1 2026), strengthening balance sheet.
⚠ Net income dropped 36% from Q4 2025 ($286M) to Q1 2026 ($182M) — largest quarterly decline in dataset.
⚠ Operating cash flow persistently negative across all eight quarters; Q1 2026 at −$507M despite revenue growth.
⚠ Total debt volatile, ranging $2,995M–$6,052M; latest quarter at $5,610M raises leverage questions.
AI Insight: WAL Ratio Trends
WAL's profitability metrics collapsed in Q1 2026, with ROE plunging to 9.6% and ROIC falling to 7.0%—the lowest in the trailing data set.
• ROE declined sharply from 14.9% in Q4 2025 to 9.6% in Q1 2026; ROA dropped from 1.2% to 0.7% over same period.
• ROIC fell 4.0pp quarter-over-quarter (11.0% to 7.0%), marking first significant contraction after two quarters of strength.
• Leverage (D/E) remained elevated at 0.74 in Q1 2026, providing limited balance-sheet cushion amid profitability pressure.
⚠ Q1 2026 profitability metrics represent the weakest quarter across the entire 9-quarter window; investigate underlying drivers.
⚠ TTM ROA of 1.0% sits below Q4 2025's 1.2%, signaling recent earnings deterioration may persist if trend continues.
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Available Research
13F Pro tracks comprehensive data for WESTERN ALLIANCE BANCORPORATION including:
Top Institutional Holders of WAL
BlackRock, Inc.
$777.8M10,978,577 shInvesco Ltd.
$369.8M5,218,914 shVANGUARD PORTFOLIO MANAGEMENT LLC
$369.2M5,211,131 shWELLINGTON MANAGEMENT GROUP LLP
$333.1M4,701,265 shVANGUARD CAPITAL MANAGEMENT LLC
$329.5M4,650,457 shSTATE STREET CORP
$297.6M4,200,640 shDIMENSIONAL FUND ADVISORS LP
$270.2M3,813,995 shDavis Asset Management, L.P.
$218.4M3,083,000 shFMR LLC
$168.5M2,377,892 shBARROW HANLEY MEWHINNEY & STRAUSS LLC
$167.4M2,362,939 sh
| Fund | Value | Shares |
|---|---|---|
| BlackRock, Inc. | $777.8M | 10,978,577 |
| Invesco Ltd. | $369.8M | 5,218,914 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $369.2M | 5,211,131 |
| WELLINGTON MANAGEMENT GROUP LLP | $333.1M | 4,701,265 |
| VANGUARD CAPITAL MANAGEMENT LLC | $329.5M | 4,650,457 |
| STATE STREET CORP | $297.6M | 4,200,640 |
| DIMENSIONAL FUND ADVISORS LP | $270.2M | 3,813,995 |
| Davis Asset Management, L.P. | $218.4M | 3,083,000 |
| FMR LLC | $168.5M | 2,377,892 |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC | $167.4M | 2,362,939 |
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Popular Research
Is WAL a good stock to buy?
13F Pro's AI-powered analysis of WESTERN ALLIANCE BANCORPORATION (WAL) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Financials sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for WAL are available on the WAL stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own WAL?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling WAL. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of WESTERN ALLIANCE BANCORPORATION's investment landscape.