Western Alliance Bancorporation (N:WAL)

Sector:  Financials Industry:  Banks
 
See Regulatory Filings on SEC
Company Contact
Address: One E. Washington Street
PHOENIX AZ 85004
Tel: N/A
Website: https://www.westernalliancebancorporation.com
IR: See website
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Key People
Kenneth A. Vecchione
President, Chief Executive Officer, Director 		Dale M. Gibbons
Vice Chairman of the Board, Chief Financial Officer 		Timothy W. Boothe
Chief Operating Officer
Barbara J. Kennedy
Chief Human Resource Officer 		Randall S. Theisen
General Counsel, Corporate Secretary 		Tim Bruckner
Chief Credit Officer
Stephen Curley
Chief Banking Officer - National Business LInes 		   
Business Overview
Western Alliance Bancorporation is a bank holding company. The Company 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 Company 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. It 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.
Financial Overview
For the three months ended 31 March 2024, Western Alliance Bancorporation interest income increased 9% to $1.06B. Net interest income after loan loss provision decreased 1% to $583.7M. Net income applicable to common stockholders increased 25% to $174.2M. Net interest income after loan loss provision reflects Commercial segment decrease from $392.1M to $0K, Net Interest Margin, Total -% decrease of 5% to 3.6%.
Employees: 3,260 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $10,403M as of Mar 31, 2024
Annual revenue (TTM): $4,121M as of Mar 31, 2024
EBITDA (TTM): $1,182M as of Mar 31, 2024
Net annual income (TTM): $744.80M as of Mar 31, 2024
Free cash flow (TTM): N/A
Net Debt Last Fiscal Year: $3,567M as of Mar 31, 2024
Shares outstanding: 110,200,000 as of Mar 31, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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