Western Alliance Bancorporation
Western Alliance Bancorporation operates as the bank holding company for Western Alliance Bank that provides various banking products and related services primarily in Arizona, California, and Nevada. It operates through Commercial and Consumer Related segments. The company offers deposit products, including demand deposit, checking, savings, and money market accounts, as well as fixed-rate and f… Read more
Western Alliance Bancorporation (WAL) - Net Assets
Latest net assets as of December 2025: $7.95 Billion USD
Based on the latest financial reports, Western Alliance Bancorporation (WAL) has net assets worth $7.95 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($92.77 Billion) and total liabilities ($84.83 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $7.95 Billion |
| % of Total Assets | 8.56% |
| Annual Growth Rate | 23.04% |
| 5-Year Change | 60.1% |
| 10-Year Change | 320.08% |
| Growth Volatility | 20.96 |
Western Alliance Bancorporation - Net Assets Trend (2002–2025)
This chart illustrates how Western Alliance Bancorporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Western Alliance Bancorporation (2002–2025)
The table below shows the annual net assets of Western Alliance Bancorporation from 2002 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $7.95 Billion | +18.47% |
| 2024-12-31 | $6.71 Billion | +10.35% |
| 2023-12-31 | $6.08 Billion | +13.48% |
| 2022-12-31 | $5.36 Billion | +7.92% |
| 2021-12-31 | $4.96 Billion | +45.39% |
| 2020-12-31 | $3.41 Billion | +13.15% |
| 2019-12-31 | $3.02 Billion | +15.42% |
| 2018-12-31 | $2.61 Billion | +17.25% |
| 2017-12-31 | $2.23 Billion | +17.85% |
| 2016-12-31 | $1.89 Billion | +18.85% |
| 2015-12-31 | $1.59 Billion | +59.01% |
| 2014-12-31 | $1.00 Billion | +17.02% |
| 2013-12-31 | $855.30 Million | +12.60% |
| 2012-12-31 | $759.60 Million | +19.31% |
| 2011-12-31 | $636.68 Million | +5.73% |
| 2010-12-31 | $602.17 Million | +4.59% |
| 2009-12-31 | $575.73 Million | +16.19% |
| 2008-12-31 | $495.50 Million | -1.22% |
| 2007-12-31 | $501.63 Million | +22.77% |
| 2006-12-31 | $408.58 Million | +67.30% |
| 2005-12-31 | $244.22 Million | +82.84% |
| 2004-12-31 | $133.57 Million | +37.06% |
| 2003-12-31 | $97.45 Million | +44.50% |
| 2002-12-31 | $67.44 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Western Alliance Bancorporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 560700000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $5.61 Billion | 73.27% |
| Common Stock | $2.10 Billion | 27.37% |
| Other Comprehensive Income | $-344.00 Million | -4.49% |
| Other Components | $295.00 Million | 3.85% |
| Total Equity | $7.65 Billion | 100.00% |
Western Alliance Bancorporation Competitors by Market Cap
The table below lists competitors of Western Alliance Bancorporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Cochlear Ltd
AU:COH
|
$7.01 Billion |
|
Sociedad Química y Minera de Chile S.A
F:QYM
|
$7.01 Billion |
|
Planet Labs PBC
NYSE:PL
|
$7.01 Billion |
|
Aluminum Corporation of China Limited
PINK:ALMMF
|
$7.01 Billion |
|
MONDELEZ INTL INC CEDEAR EACH 1
BA:MDLZ
|
$6.99 Billion |
|
ARITZIA INC.SUB.VTG.SHS
F:280
|
$6.99 Billion |
|
Stifel Financial Corporation
NYSE:SF
|
$6.99 Billion |
|
DISCOVERY LTD. RC -001
F:D3H
|
$6.98 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Western Alliance Bancorporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 6,707,000,000 to 7,653,000,000, a change of 946,000,000 (14.1%).
- Net income of 969,000,000 contributed positively to equity growth.
- Dividend payments of 184,800,000 reduced retained earnings.
- Share repurchases of 69,000,000 reduced equity.
- Other comprehensive income increased equity by 190,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $969.00 Million | +12.66% |
| Dividends Paid | $184.80 Million | -2.41% |
| Share Repurchases | $69.00 Million | -0.9% |
| Other Comprehensive Income | $190.00 Million | +2.48% |
| Other Changes | $40.80 Million | +0.53% |
| Total Change | $- | 14.10% |
Book Value vs Market Value Analysis
This analysis compares Western Alliance Bancorporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.98x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 10.90x to 0.98x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-12-31 | $6.26 | $68.16 | x |
| 2003-12-31 | $6.67 | $68.16 | x |
| 2004-12-31 | $7.26 | $68.16 | x |
| 2005-12-31 | $10.79 | $68.16 | x |
| 2006-12-31 | $14.44 | $68.16 | x |
| 2007-12-31 | $16.17 | $68.16 | x |
| 2008-12-31 | $15.18 | $68.16 | x |
| 2009-12-31 | $9.79 | $68.16 | x |
| 2010-12-31 | $8.02 | $68.16 | x |
| 2011-12-31 | $7.84 | $68.16 | x |
| 2012-12-31 | $9.16 | $68.16 | x |
| 2013-12-31 | $9.88 | $68.16 | x |
| 2014-12-31 | $11.44 | $68.16 | x |
| 2015-12-31 | $16.71 | $68.16 | x |
| 2016-12-31 | $18.22 | $68.16 | x |
| 2017-12-31 | $21.23 | $68.16 | x |
| 2018-12-31 | $24.80 | $68.16 | x |
| 2019-12-31 | $29.25 | $68.16 | x |
| 2020-12-31 | $33.97 | $68.16 | x |
| 2021-12-31 | $48.04 | $68.16 | x |
| 2022-12-31 | $49.78 | $68.16 | x |
| 2023-12-31 | $56.02 | $68.16 | x |
| 2024-12-31 | $61.36 | $68.16 | x |
| 2025-12-31 | $69.89 | $68.16 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Western Alliance Bancorporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 12.66%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 18.37%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 12.12x
- Recent ROE (12.66%) is above the historical average (8.10%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 12.47% | 152.28% | 0.01x | 12.93x | $1.66 Million |
| 2003 | 8.92% | 14.96% | 0.04x | 16.18x | $-1.06 Million |
| 2004 | 15.02% | 20.14% | 0.05x | 16.30x | $6.70 Million |
| 2005 | 11.49% | 19.09% | 0.05x | 11.70x | $3.64 Million |
| 2006 | 9.76% | 38.96% | 0.02x | 10.21x | $-968.90K |
| 2007 | 6.56% | 10.01% | 0.07x | 10.00x | $-17.28 Million |
| 2008 | -47.72% | -70.51% | 0.06x | 10.58x | $-286.01 Million |
| 2009 | -26.30% | -46.70% | 0.06x | 9.99x | $-208.98 Million |
| 2010 | -1.19% | -2.53% | 0.05x | 10.29x | $-67.41 Million |
| 2011 | 4.95% | 10.68% | 0.04x | 10.75x | $-32.17 Million |
| 2012 | 9.56% | 21.74% | 0.04x | 10.04x | $-3.32 Million |
| 2013 | 13.44% | 30.86% | 0.04x | 10.88x | $29.43 Million |
| 2014 | 14.78% | 33.62% | 0.04x | 10.59x | $47.86 Million |
| 2015 | 12.21% | 35.28% | 0.04x | 8.97x | $35.09 Million |
| 2016 | 13.73% | 35.17% | 0.04x | 9.09x | $70.65 Million |
| 2017 | 14.60% | 36.87% | 0.04x | 9.12x | $102.57 Million |
| 2018 | 16.67% | 40.82% | 0.05x | 8.84x | $174.43 Million |
| 2019 | 16.55% | 38.81% | 0.05x | 8.89x | $197.53 Million |
| 2020 | 14.84% | 37.97% | 0.04x | 10.68x | $165.25 Million |
| 2021 | 18.12% | 48.77% | 0.03x | 11.28x | $402.94 Million |
| 2022 | 19.74% | 46.03% | 0.03x | 12.65x | $521.70 Million |
| 2023 | 11.89% | 33.97% | 0.03x | 11.66x | $114.60 Million |
| 2024 | 11.74% | 15.70% | 0.06x | 12.07x | $117.00 Million |
| 2025 | 12.66% | 18.37% | 0.06x | 12.12x | $203.70 Million |
Industry Comparison
This section compares Western Alliance Bancorporation's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $25,670,820,700
- Average return on equity (ROE) among peers: 9.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Western Alliance Bancorporation (WAL) | $7.95 Billion | 12.47% | 10.68x | $7.00 Billion |
| Ameris Bancorp (ABCB) | $120.94 Million | 10.83% | 9.48x | $4.91 Billion |
| ACNB Corporation (ACNB) | $2.75 Billion | 1.01% | 0.01x | $462.57 Million |
| Addiko Bank AG (ADBKF) | $839.50 Million | 5.41% | 6.63x | $210.07 Million |
| Affinity Bancshares Inc (AFBI) | $120.97 Million | 6.26% | 5.51x | $79.94 Million |
| Absa Group Limited (AGRPF) | $19.52 Billion | 23.08% | 14.72x | $6.72 Billion |
| AIB Group plc (AIBGY) | $14.46 Billion | -16.17% | 8.45x | $21.72 Billion |
| Akbank Turk Anonim Sirketi (AKBTY) | $211.22 Billion | 31.48% | 8.02x | $8.60 Billion |
| Alpha Bank SA (ALBKY) | $7.32 Billion | 8.44% | 8.89x | $1.12 Billion |
| Community Capital Bancshares Inc (ALBY) | $9.19 Million | 7.09% | 8.66x | $19.76 Million |
| Alpine Banks of Colorado (ALPIB) | $342.89 Million | 16.92% | 10.27x | $248.47 Million |