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 in two segments, Commercial and Consumer Related. The company offers deposit products, including checking, savings, and money market accounts, as well as fixed-rate and fixed maturity certificates of deposit accounts; and treasury management and residential mortgage products and services. It also offers commercial and industrial loan products, such as working capital lines of credit, inventory and accounts receivable lines, mortgage warehouse lines, equipment loans and leases, and other commercial loans; commercial real estate loans, which are secured by multi-family residential properties, professional offices, industrial facilities, retail centers, hotels, and other commercial properties; construction and land development loans for single family and multi-family residential projects, industrial/warehouse properties, office buildings, retail centers, medical office facilities, and residential lot developments; and consumer loans. In addition, the company provides other financial services, such as internet banking, wire transfers, electronic bill payment and presentment, lock box services, courier, and cash management services. Further, it holds certain investment securities, municipal and non-profit loans, and leases; invests primarily in low income housing tax credits and small business investment corporations; and holds certain real estate loans and related securities. The company operates 38 branch locations, as well as loan production offices. Western Alliance Bancorporation was founded in 1994 and is headquartered in Phoenix, Arizona.
IPO Year: 2005
Exchange: NYSE
Website: westernalliancebancorporation.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
5/21/2025 | $95.00 | Buy | Jefferies |
5/13/2025 | $92.00 | Buy | Truist |
12/17/2024 | Buy | UBS | |
10/7/2024 | $83.00 → $101.00 | Hold → Buy | Deutsche Bank |
4/22/2024 | $75.00 | Outperform | Hovde Group |
3/8/2024 | $91.00 | Overweight | Barclays |
1/30/2024 | $62.00 → $72.00 | Overweight → Equal Weight | Wells Fargo |
12/1/2023 | $61.00 | Buy | Citigroup |
8/25/2023 | $60.00 | Overweight | Piper Sandler |
6/28/2023 | $41.00 | Hold | Deutsche Bank |
Jefferies initiated coverage of Western Alliance Bancorp with a rating of Buy and set a new price target of $95.00
Truist initiated coverage of Western Alliance Bancorp with a rating of Buy and set a new price target of $92.00
UBS resumed coverage of Western Alliance Bancorp with a rating of Buy
Deutsche Bank upgraded Western Alliance Bancorp from Hold to Buy and set a new price target of $101.00 from $83.00 previously
Hovde Group resumed coverage of Western Alliance Bancorp with a rating of Outperform and set a new price target of $75.00
Barclays initiated coverage of Western Alliance Bancorp with a rating of Overweight and set a new price target of $91.00
Wells Fargo downgraded Western Alliance Bancorp from Overweight to Equal Weight and set a new price target of $72.00 from $62.00 previously
Citigroup initiated coverage of Western Alliance Bancorp with a rating of Buy and set a new price target of $61.00
Piper Sandler resumed coverage of Western Alliance Bancorp with a rating of Overweight and set a new price target of $60.00
Deutsche Bank initiated coverage of Western Alliance Bancorp with a rating of Hold and set a new price target of $41.00
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8-K - WESTERN ALLIANCE BANCORPORATION (0001212545) (Filer)
Sierra Flats Celebrates Grand Opening With 64 Affordable Units Plus 16 Market-Rate Units — 40 Reserved for Ages 55+ Western Alliance Bank today announced the grand opening of Phase I of Sierra Flats, an 80-unit affordable and workforce housing development in Carson City, Nevada, with construction and permanent financing provided by Western Alliance Bank in partnership with R4 Capital Funding. Western Alliance Bank provided a $14.0 million construction loan and a $2.50 million permanent loan to finance the first phase of Sierra Flats. Located at 3410 Butti Way in Carson City, the newly completed development includes 40 age-restricted (55+) affordable units and 40 general occupancy units fo
NEW YORK, April 28, 2025 /PRNewswire/ -- The following information is being shared by Burford Capital Limited ("Burford", "we", "us" or "our") with holders of its ordinary shares beginning on April [28], 2025 in response to a recommendation by Institutional Shareholder Services ("ISS") in connection with the proposals included in Burford's definitive proxy statement (the "2025 Proxy Statement"), which was filed with the US Securities and Exchange Commission (the "SEC") on April 3, 2025 and is available at https://www.sec.gov/Archives/edgar/data/1714174/000171417425000070/0001714174-25-000070-index.htm. ISS has recommended that shareholders vote against the re-election of two directors, name
Western Alliance Bancorporation (NYSE:WAL): FIRST QUARTER 2025 FINANCIAL RESULTS Quarter Highlights: Net income Earnings per share PPNR1 Net interest margin Efficiency ratio Book value per common share $199.1 million $1.79 $277.6 million 3.47% 63.5% $60.03 55.8%1, adjusted for deposit costs $54.101, excluding goodwill and intangibles CEO COMMENTARY: "Western Alliance delivered solid first quarter results led by continued loan and deposit growth following the completion of our balance sheet reposi
Western Alliance Bancorporation (NYSE:WAL) announced today that it plans to release its first quarter 2025 financial results after the market closes on Monday, April 21, 2025. Ken Vecchione and Dale Gibbons will host a conference call at 12:00 p.m. ET on Tuesday, April 22, 2025 to discuss the Company's performance. Participants may access the call by dialing 1-833-470-1428 using the access code 146564 or via live audio webcast using the website link: https://events.q4inc.com/attendee/859895963. The webcast is also available through the Company's website at www.westernalliancebancorporation.com. Participants should log in at least 15 minutes early to receive instructions. The call will be
Facility materially reduces interest rate with added flexibility TUCSON, Ariz., April 1, 2025 /PRNewswire/ -- AudioEye, Inc. (NASDAQ:AEYE) ("AudioEye" or the "Company"), the industry-leading digital accessibility company, today announced a new $20 million loan facility with Bridge Bank, a division of Western Alliance Bank, Member FDIC (NYSE:WAL), a financial institution with over $80 billion of assets. The new facility comprises a $12 million term loan, a $3 million revolver, and a $5 million delayed draw term loan for potential "tuck in" acquisitions. The rate of the new fac
KBRA assigns a preferred stock rating of BBB to BW Real Estate, Inc. (BW Real Estate), a majority-owned REIT subsidiary of Western Alliance Bank ("the bank"), the principal operating subsidiary of Western Alliance Bancorporation (NYSE:WAL, "Western Alliance" or ", the company", )). Beyond the assigned rating, Western Alliance's other ratings, collectively, are unaffected by this action. Key Credit Considerations BW Real Estate's preferred stock rating is principally driven by the current long-term ratings of Western Alliance Bank – including long-term deposit and senior unsecured debt ratings of A- and a subordinated debt rating of BBB+, as well as the Conditional Exchange feature of the
Western Alliance Bancorporation (NYSE:WAL): FOURTH QUARTER AND FULL YEAR 2024 FINANCIAL RESULTS Quarter Highlights: Net income Earnings per share PPNR1 Net interest margin Efficiency ratio Book value per common share $216.9 million $1.95 $319.4 million 3.48% 61.2% $58.24 51.1%1, adjusted for deposit costs $52.271, excluding goodwill and intangibles CEO COMMENTARY: "
Western Alliance Bancorporation (NYSE:WAL) announced today that it plans to release its fourth quarter and full year 2024 financial results after the market closes on Monday, January 27, 2025. Dale Gibbons, interim CEO and CFO, and Chief Banking Officers, Tim Bruckner and Steve Curley, will host a conference call at 12:00 p.m. ET on Tuesday, January 28, 2025 to discuss the Company's performance. Participants may access the call by dialing 1-833-470-1428 using the access code 383154 or via live audio webcast using the website link: https://events.q4inc.com/attendee/798283184. The webcast is also available through the Company's website at www.westernalliancebancorporation.com. Participant
Western Alliance Bancorporation (NYSE:WAL) today announced that Kenneth A. Vecchione, President and Chief Executive Officer, and Dale Gibbons, Vice Chairman and Chief Financial Officer, were named as Best CEO and Best CFO, respectively, in Extel's (previously Institutional Investor's) 2024 All-America Executive Team rankings for Banks – Midcap ($2B-$10B). The Western Alliance Bancorporation Board of Directors was also recognized for their exceptional leadership, receiving First Place for Best Company Board. Miles Pondelik, Senior Director of Investor Relations, and the company's Investor Relations team were similarly recognized for being among the top professionals in the industry. This
Western Alliance Bancorporation (NYSE:WAL) announced today its President and Chief Executive Officer, Kenneth Vecchione, will deliver a presentation at the BancAnalysts Association of Boston Conference on Thursday, November 7, 2024 at 3:50 pm ET. A webcast of the event will be accessible at http://www.wsw.com/webcast/baab24/wal/1610928. A recorded replay of the session will be available on the Investor Relations website later that day and will remain available for 90 days. About Western Alliance Bancorporation With more than $80 billion in assets, Western Alliance Bancorporation (NYSE:WAL) is one of the country's top-performing banking companies. Through its primary subsidiary, Western A
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Western Alliance Bancorporation (NYSE:WAL): FIRST QUARTER 2025 FINANCIAL RESULTS Quarter Highlights: Net income Earnings per share PPNR1 Net interest margin Efficiency ratio Book value per common share $199.1 million $1.79 $277.6 million 3.47% 63.5% $60.03 55.8%1, adjusted for deposit costs $54.101, excluding goodwill and intangibles CEO COMMENTARY: "Western Alliance delivered solid first quarter results led by continued loan and deposit growth following the completion of our balance sheet reposi
Western Alliance Bancorporation (NYSE:WAL) announced today that it plans to release its first quarter 2025 financial results after the market closes on Monday, April 21, 2025. Ken Vecchione and Dale Gibbons will host a conference call at 12:00 p.m. ET on Tuesday, April 22, 2025 to discuss the Company's performance. Participants may access the call by dialing 1-833-470-1428 using the access code 146564 or via live audio webcast using the website link: https://events.q4inc.com/attendee/859895963. The webcast is also available through the Company's website at www.westernalliancebancorporation.com. Participants should log in at least 15 minutes early to receive instructions. The call will be
Western Alliance Bancorporation (NYSE:WAL): FOURTH QUARTER AND FULL YEAR 2024 FINANCIAL RESULTS Quarter Highlights: Net income Earnings per share PPNR1 Net interest margin Efficiency ratio Book value per common share $216.9 million $1.95 $319.4 million 3.48% 61.2% $58.24 51.1%1, adjusted for deposit costs $52.271, excluding goodwill and intangibles CEO COMMENTARY: "
Western Alliance Bancorporation (NYSE:WAL) announced today that it plans to release its fourth quarter and full year 2024 financial results after the market closes on Monday, January 27, 2025. Dale Gibbons, interim CEO and CFO, and Chief Banking Officers, Tim Bruckner and Steve Curley, will host a conference call at 12:00 p.m. ET on Tuesday, January 28, 2025 to discuss the Company's performance. Participants may access the call by dialing 1-833-470-1428 using the access code 383154 or via live audio webcast using the website link: https://events.q4inc.com/attendee/798283184. The webcast is also available through the Company's website at www.westernalliancebancorporation.com. Participant
Western Alliance Bancorporation (NYSE:WAL): THIRD QUARTER 2024 FINANCIAL RESULTS Quarter Highlights: Net income Earnings per share PPNR1 Net interest margin Efficiency ratio Book value per common share $199.8 million $1.80 $285.7 million 3.61% 64.5% $57.97 52.7%1, adjusted for deposit costs $51.981, excluding goodwill and intangibles CEO COMMENTARY: "Western Alliance delivered solid third quarter results featuring strong net interest income growth, continued loan and deposit momentum, and health
Western Alliance Bancorporation (NYSE:WAL) announced today that it plans to release its third quarter 2024 financial results after the market closes on Thursday, October 17, 2024. Ken Vecchione, President and CEO, and Dale Gibbons, Vice Chairman and CFO, will host a conference call at 12:00 p.m. ET on Friday, October 18, 2024 to discuss the Company's performance. Participants may access the call by dialing 1-833-470-1428 using the access code 586867 or via live audio webcast using the website link: https://events.q4inc.com/attendee/875780058. The webcast is also available through the Company's website at www.westernalliancebancorporation.com. Participants should log in at least 15 minutes
Western Alliance Bancorporation (NYSE:WAL): SECOND QUARTER 2024 FINANCIAL RESULTS Quarter Highlights: Net income Earnings per share PPNR1 Net interest margin Efficiency ratio Book value per common share $193.6 million $1.75 $285.0 million 3.63% 62.3% $54.80 51.5%1, adjusted for deposit costs $48.791, excluding goodwill and intangibles CEO COMMENTARY: "Western Allian
Western Alliance Bancorporation (NYSE:WAL) announced today that it plans to release its second quarter 2024 financial results after the market closes on Thursday, July 18, 2024. Ken Vecchione, President and CEO, and Dale Gibbons, Vice Chairman and CFO, will host a conference call at 12:00 p.m. ET on Friday, July 19, 2024 to discuss the Company's performance. Participants may access the call by dialing 1-833-470-1428 using the access code 465259 or via live audio webcast using the website link: https://events.q4inc.com/attendee/904562028. The webcast is also available through the Company's website at www.westernalliancebancorporation.com. Participants should log in at least 15 minutes ea
Western Alliance Bancorporation (NYSE:WAL): FIRST QUARTER 2024 FINANCIAL RESULTS Quarter Highlights: Net income Earnings per share PPNR1 Net interest margin Efficiency ratio Book value per common share $177.4 million $1.60 $247.0 million 3.60% 65.2% $53.33 $190.9 million1, excluding notable items $1.721, excluding notable items 54.4%1, adjusted for deposit costs and notable items
Western Alliance Bancorporation (NYSE:WAL) announced today that it plans to release its first quarter 2024 financial results after the market closes on Thursday, April 18, 2024. Ken Vecchione, President and CEO and Dale Gibbons, Vice Chairman and CFO will host a conference call at 12:00 p.m. ET on Friday, April 19, 2024 to discuss the Company's performance. Participants may access the call by dialing 1-833-470-1428 using the access code 075340 or via live audio webcast using the website link: https://events.q4inc.com/attendee/894297638. The webcast is also available through the Company's website at www.westernalliancebancorporation.com. Participants should log in at least 15 minutes ear