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Last $31.93 USD
Change Today +0.49 / 1.56%
Volume 376.3K
WAL On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 06/2/15 All times are local (Market data is delayed by at least 15 minutes).

western alliance bancorp (WAL) Snapshot

Open
$31.42
Previous Close
$31.44
Day High
$31.98
Day Low
$31.30
52 Week High
05/19/15 - $32.89
52 Week Low
10/15/14 - $21.43
Market Cap
2.8B
Average Volume 10 Days
557.8K
EPS TTM
$1.78
Shares Outstanding
89.2M
EX-Date
--
P/E TM
17.9x
Dividend
--
Dividend Yield
--
Current Stock Chart for WESTERN ALLIANCE BANCORP (WAL)

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western alliance bancorp (WAL) Details

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 accepts various deposit products, including checking accounts, savings accounts, and money market accounts, as well as fixed-rate and fixed maturity retail certificates of deposit. It also offers commercial and industrial loan products comprising 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 apartment buildings, professional offices, industrial facilities, retail centers, and other commercial properties; construction and land development loans for multi-family apartment projects, industrial/warehouse properties, office buildings, retail centers, and medical facilities; and consumer loans. In addition, the company provides other financial services, such as Internet banking, wire transfers, electronic bill payment, lock box services, courier, and cash management services. Further, it offers equipment finance; and holds and manages certain non-performing loans and other real estate owned. As of December 31, 2014, the company operated 40 branch locations. Western Alliance Bancorporation was founded in 1994 and is headquartered in Phoenix, Arizona.

1,131 Employees
Last Reported Date: 02/17/15
Founded in 1994

western alliance bancorp (WAL) Top Compensated Officers

Chairman, Chief Executive Officer, Chief Exec...
Total Annual Compensation: $824.2K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $395.4K
Executive Vice President of Arizona Administr...
Total Annual Compensation: $369.5K
Executive Vice President of California Admini...
Total Annual Compensation: $353.8K
Chief Administrative Officer, Executive Vice ...
Total Annual Compensation: $358.3K
Compensation as of Fiscal Year 2014.

western alliance bancorp (WAL) Key Developments

Western Alliance Bancorporation Approves Amendments to Certificate of Incorporation

Western Alliance Bancorporation announced that at its annual meeting of stockholders held on May 19, 2015, its shareholders approved amendments to the company's Certificate of Incorporation to provide (i) for the phased-in declassification of the board of directors culminating in the annual election of all directors, (ii) stockholders with the ability to remove directors not subject to classification without cause, and (iii) stockholders holding, collectively, no less than 40% of issued and outstanding shares of the company's common stock the right to call a special meeting of stockholders, subject to certain requirements.

Western Alliance Seeks Acquisitions

Western Alliance Bancorporation (NYSE:WAL) will use the proceeds of a recently announced shelf registration for refinancing, reduction or repayment of debt, redeeming outstanding securities, funding investments in, or extensions of credit to, our banking subsidiary and our other subsidiaries as regulatory capital, financing of possible acquisitions, expansion of the business, investments at the holding company level and working capital.

Western Alliance Bancorporation Reports Unaudited Consolidated Earning Results for the First Quarter Ended March 31, 2015; Reports Total Loans Charged-Off for the First Quarter Ended March 31, 2015

Western Alliance Bancorporation reported unaudited consolidated earning results for the first quarter ended March 31, 2015. For the quarter, the company reported total interest income of $110,962,000 compared to $98,701,000 a year ago. Net interest income was $103,108,000 compared to $90,777,000 a year ago. Income from continuing operations before income taxes was $54,308,000 compared to $42,363,000 a year ago. Income from continuing operations was $40,190,000 or $0.45 per diluted share compared to $31,739,000 or $0.36 per diluted share a year ago. Net income was $40,190,000 compared to $31,085,000 a year ago. Net income available to common stockholders was $40,014,000 or $0.45 per diluted share compared to $30,732,000 or $0.35 per diluted share a year ago. Return on average assets was 1.49% compared to 1.33% a year ago. Return on average tangible common equity was 17.21% compared to 17.31% a year ago. Tangible book value per share at March 31, 2015 was $10.72 against $8.32 a year ago. Book value per common share was $11.00 compared to $8.61 per share a year ago. For the quarter, the company reported total loans charged-off of $847,000 compared to $2,067,000 a year ago.

 

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Industry Analysis

WAL

Industry Average

Valuation WAL Industry Range
Price/Earnings 17.7x
Price/Sales 6.5x
Price/Book 2.8x
Price/Cash Flow 17.9x
TEV/Sales 4.3x
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