Western Alliance Bancorporation (WAL) Earnings History
Growth Compounder25 years of earnings data (2001–2025) · Consistent double-digit EPS growth over 5 years
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Western Alliance Bancorporation (WAL) Earnings Overview
As of July 8, 2026, Western Alliance Bancorporation (WAL) reported trailing twelve-month net income of $959M, reflecting +23.1% year-over-year growth. The company earned $8.77 per diluted share over the past four quarters, with a net profit margin of 18.4%.
Looking at the long-term picture, WAL's 5-year EPS compound annual growth rate (CAGR) stands at +11.6%, showing solid earnings momentum. The company achieved its highest annual net income of $1.06B in fiscal 2022.
Western Alliance Bancorporation maintains industry-leading profitability with a gross margin of 61.1%, operating margin of 22.9%, and net margin of 18.4%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including EWBC ($1.39B net income, 28.3% margin), FHN ($1.03B net income, 19.7% margin), IBOC ($418M net income, 39.1% margin), WAL has room to improve margins relative to the peer group. Compare WAL vs EWBC →
WAL Earnings vs Peers
Earnings metrics vs comparable public companies
WAL Historical Earnings Data (2001–2025)
24 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $969M | +23.0% | $1.21B | $8.73 | 18.4% | 22.9% |
| 2024 | $788M | +9.0% | $991M | $7.09 | 15.7% | 19.8% |
| 2023 | $722M | -31.7% | $934M | $6.54 | 17.0% | 21.9% |
| 2022 | $1.06B | +17.6% | $1.32B | $9.70 | 35.7% | 44.4% |
| 2021 | $899M | +77.5% | $1.12B | $8.67 | 44.9% | 56.1% |
| 2020 | $507M | +1.5% | $623M | $5.04 | 38.0% | 46.7% |
| 2019 | $499M | +14.5% | $604M | $4.84 | 38.8% | 47.0% |
| 2018 | $436M | +33.9% | $510M | $4.14 | 40.8% | 47.8% |
| 2017 | $325M | +25.3% | $452M | $3.10 | 36.9% | 51.2% |
| 2016 | $260M | +33.7% | $361M | $2.50 | 35.2% | 48.9% |
| 2015 | $194M | +31.3% | $259M | $2.03 | 35.3% | 47.0% |
| 2014 | $148M | +28.7% | $197M | $1.67 | 33.6% | 44.9% |
| 2013 | $115M | +58.3% | $146M | $1.31 | 30.9% | 39.1% |
| 2012 | $73M | +130.6% | $101M | $0.83 | 21.7% | 30.2% |
| 2011 | $31M | +537.7% | $50M | $0.19 | 10.7% | 17.1% |
| 2010 | -$7M | +95.2% | -$11M | $-0.23 | -2.5% | -3.7% |
| 2009 | -$151M | +36.0% | -$185M | $-2.74 | -46.7% | -57.2% |
| 2008 | -$236M | -819.3% | -$291M | $-7.27 | -70.5% | -86.7% |
| 2007 | $33M | -17.6% | $48M | $1.06 | 10.0% | 14.7% |
| 2006 | $40M | +42.1% | $61M | $1.41 | 39.0% | 60.0% |
| 2005 | $28M | +39.9% | $43M | $1.24 | 19.1% | 29.5% |
| 2004 | $20M | +130.8% | $31M | $1.09 | 20.1% | 31.1% |
| 2003 | $9M | +46.0% | $13M | $0.59 | 15.0% | 22.1% |
| 2001 | $6M | - | $9M | $0.54 | 47.3% | 71.2% |
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WAL — Frequently Asked Questions
Quick answers to the most common questions about buying WAL stock.
What is WAL earnings per share (EPS)?
WAL trailing twelve-month (TTM) diluted EPS is $8.77, reflecting +23.1% year-over-year growth. The 5-year EPS CAGR is +11.6%. Complete EPS history from 2001 to 2025 is available in the table on this page.
What is Western Alliance Bancorporation's net income?
Western Alliance Bancorporation (WAL) trailing twelve-month net income is $959M as of 2025. Earnings grew +23.1% year-over-year. Western Alliance Bancorporation has been profitable for 15 consecutive years.
Is WAL profitable?
Yes, WAL is profitable with a TTM net income of $959M and a net profit margin of +18.4%. Western Alliance Bancorporation has generated profits for 15 consecutive years.
What is WAL's earnings growth rate?
WAL compound annual EPS growth rates (CAGR): 1-Year: +23.1%, 3-Year: -3.5%, 5-Year: +11.6%, 10-Year: +15.7%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 2001 to 2025.
What are WAL's profit margins?
Western Alliance Bancorporation net profit margin is +18.4%, operating margin is +22.9%, and gross margin is +61.1%. Above-average net margins reflect strong pricing power and competitive moat. Return on Equity is +13.2%.
Is WAL growing earnings?
Yes, WAL earnings are accelerating — EPS growth of +23.1% exceeds the 5-year CAGR of +11.6%. TTM net income reached $959M. Earnings momentum is strengthening.
What was WAL's best earnings year?
Western Alliance Bancorporation's highest annual net income on record is $1.1B, achieved in fiscal year 2022. Earnings history on this page spans 2001 to 2025 and includes all annual and quarterly figures.
What were WAL's earnings last quarter?
WAL's most recent reported quarter was Q1 2026. Net income was $189M with diluted EPS of $1.67. For a full breakdown of all quarters, see the quarterly earnings table on this page.