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Banks · Financial Services · Fiscal year ends Dec 31
Western Alliance Bancorporation reported revenue of $136M in the fiscal year ended Dec 2025, up 99.7% from the year before. Net income was $969M. Net debt was $1.6B.
Ranks among the 59 banks companies we cover (1st = best; for debt, the least indebted). Green = top third, red = bottom third.
Last 5 fiscal years
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | 37.6 | 44.1 | 98.6 | 68.0 | 136 |
| Net interest incomeBanks | 1,549 | 2,216 | 2,339 | 2,619 | 2,865 |
| Interest expense | 110 | 476 | 1,696 | 1,922 | 1,828 |
| Pre-tax income | 1,123 | 1,316 | 934 | 991 | 1,207 |
| Income tax | 224 | 259 | 211 | 204 | 217 |
| Net income | 899 | 1,057 | 722 | 788 | 969 |
| Diluted EPS | 8.67 | 9.70 | 6.54 | 7.09 | 8.73 |
| Diluted shares | 103 | 108 | 109 | 109 | 110 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | 516 | 1,043 | 1,576 | 4,096 | 3,596 |
| Net PP&E | 182 | 276 | 339 | 361 | 442 |
| Goodwill | 491 | 527 | 527 | 527 | 527 |
| Total assets | 55,983 | 67,734 | 70,862 | 80,934 | 92,774 |
| Short-term debt | 727 | 4,992 | 6,784 | 3,151 | 3,848 |
| Long-term debt | 775 | 1,307 | 446 | 2,422 | 1,392 |
| DepositsBanks | 47,612 | 53,644 | 55,333 | 66,341 | 77,159 |
| Total liabilities | 51,020 | 62,378 | 64,784 | 74,227 | 84,828 |
| Shareholders' equity | 4,963 | 5,356 | 6,078 | 6,707 | 7,653 |
| Backlog (remaining obligations) | – | – | – | 0.0 | 3.0 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | −2,654 | 2,245 | −329 | −2,742 | −2,679 |
| Depreciation & amortisation | 33.7 | 52.4 | 63.0 | 94.4 | 107 |
| Stock-based compensation | 35.1 | 39.8 | 34.3 | 47.7 | 51.4 |
| Acquisitions | 1,024 | 50.0 | 0.0 | 0.0 | – |
| Share buybacks | 0.0 | 0.0 | 0.0 | 0.0 | 68.1 |
| Dividends paid | 128 | 166 | 172 | 177 | – |
| Dividend per share | 1.20 | 1.42 | 1.45 | 1.49 | 1.56 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 17.3% | 123.6% | −31.0% | 99.7% |
| EPS growth (YoY) | – | 11.9% | −32.6% | 8.4% | 23.1% |
| Net margin | 2391.5% | 2397.5% | 732.7% | 1158.4% | 713.5% |
| Return on equityBlank when equity is negative | 18.1% | 19.7% | 11.9% | 11.7% | 12.7% |
| Cash conversion (CFO ÷ net income) | −2.95x | 2.12x | −0.45x | −3.48x | −2.76x |
| Debt ÷ equity | 0.30x | 1.18x | 1.19x | 0.83x | 0.68x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | 986 | 5,256 | 5,654 | 1,477 | 1,644 |
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.