Western Alliance Bancorp (WAL)

Over the past six months, Western Alliance Bancorp. experienced several notable stock events. In Q3 2025, the company reported earnings per share of $2.28. In October 2025, WAL's stock tumbled almost 11% after the company disclosed it was a victim of fraud on loans to funds that invest in distressed commercial mortgages. In Q4 2025, Western Alliance reported a 33% year-over-year increase in EPS, reaching $2.59, and revenue of $980.9 million, surpassing forecasts. In the past six months, WAL's stock has seen a return of +21.8%.

No material portion of Western Alliance Bancorp.'s lending business is seasonal, but mortgage warehouse deposits tend to experience seasonal declines in the fourth quarter. Annual tax payments can influence deposit balances quarter-to-date. The company's Q4 2025 mortgage banking revenues did not experience a large seasonal decline, exceeding expectations.

Western Alliance Bancorporation (WAL) is a bank holding company offering a range of financial products and services through its Commercial, Consumer Related, and Corporate and Other segments. The Commercial segment provides banking and treasury management services to businesses, specialized services to commercial institutions, and financial services to the real estate industry. The Consumer Related segment offers commercial banking services to consumer-related businesses and direct consumer banking services through its mortgage banking subsidiary, AmeriHome. The Corporate and Other segment manages the company's investment portfolio and corporate borrowings. Western Alliance also provides specialized services like digital payment services, trust services, and equipment financing, serving niche markets such as the HOA sector and the class action legal industry.

Western Alliance Bancorporation is headquartered in Phoenix, Arizona, and operates primarily through Western Alliance Bank. The company has a significant presence across the western United States, particularly in Arizona, California, and Nevada, operating through five regional banking divisions. By the end of 2025, these divisions are slated to unify under the single "Western Alliance Bank" brand. The bank has grown to include 17 national business lines with 57 offices throughout the United States.

Western Alliance Bancorporation has maintained a strong brand reputation, consistently ranking as a top U.S. bank. In 2025, the company's executive leadership received high recognition. A strategic move to further enhance its brand is the unification of all its banking divisions under the single "Western Alliance Bank" brand by the end of 2025. However, the company's reputation faced a challenge in October 2025 due to a fraud incident involving loans to distressed commercial mortgage funds.

Ownership of Western Alliance Bancorporation is predominantly institutional, with major holders including Vanguard Group Inc., BlackRock, Inc., and Price T Rowe Associates Inc /md/. Recent insider transactions show some selling activity by key executives and directors in December 2025 and January 2026, while one senior key executive, Dale Gibbons, made a purchase in October 2025.