Western Alliance Bancorporation Common Stock (DE) (WAL)

FairStock Score: 70/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach banks differently from most businesses. A bank is a leveraged spread business, so the key questions are asset quality, capital, and whether management earns a fair return on equity without taking hidden risks. Western Alliance is a regional commercial and consumer bank in Arizona, California, and Nevada. The filed numbers show fiscal year 2023 net income of $722.4M and diluted EPS of $6.54, fiscal year 2024 net income of $787.7M and diluted EPS of $7.09, and fiscal year 2025 net income of $969.0M and diluted EPS of $8.73. In fiscal Q2 2026, the quarter ended 2026-06-30, net income was $261.7M and diluted EPS was $2.36, versus net income of $230.4M and diluted EPS of $2.07 in fiscal Q2 2025, the quarter ended 2025-06-30. That is real profitability. At the 2026-10-13 close of $73.73, FairStock calculates a P/E of 8.32, P/B of 1.05, ROE of 13.02%, and dividend yield of 2.28%. On those measures the stock is not demanding. FairStock's Lynch category is STALWART, reflecting steady five-year profit growth of 13.8% a year, and its FairStock Score is 70/100. The balance sheet is the black box: CET1, net interest margin, and credit metrics are not in the data, and the combined ratio is an insurance measure rather than a bank one. The Piotroski F-Score of 3/9 is weak, and the beta of 1.42 suggests market sensitivity. I also notice the filed revenue lines look oddly small versus net income, so I would not over-weight them. My conclusion: a reasonably profitable regional bank at a modest-looking price, but not a clear bargain until I see capital and credit quality.

In plain English: Western Alliance is a bank holding company that runs a regional bank serving commercial and consumer customers, mainly in Arizona, California, and Nevada. The business looks reasonably profitable, with growing yearly earnings, though some strength measures are weak and important bank safety details are missing. The stock price looks more fair-to-cheap than expensive compared with recent profits and accounting value, but a bank's real safety depends on credit quality and capital that are not shown here.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer