| Market cap | $5.96B |
|---|---|
| Enterprise value | $6.50B |
| Revenue | $2.738B |
|---|---|
| EBITDA | $923.500M |
| Income | $744.800M |
| Revenue Q/Q | 34.01% |
| Revenue Y/Y | 11.37% |
| P/E | 8.90 |
|---|---|
| Forward P/E | 5.75 |
| EV/Sales | 2.37 |
| EV/EBITDA | 7.03 |
| EV/EBIT | 6.62 |
| PEG | 0.83 |
| Price/Sales | 2.18 |
| P/FCF | N/A |
| Price/Book | 0.98 |
| Book/Share | 62.40 |
| Cash/Share | N/A |
| FCF yield | -18.42% |
| Volume | 1.020M / N/A |
|---|---|
| Relative vol. | N/A |
| EPS | 6.87 |
|---|---|
| EPS Q/Q | 6.14% |
| Est. EPS Q/Q | 15.52% |
| Profit margin | 28.25% |
|---|---|
| Oper. margin | 34.36% |
| Gross margin | 100.00% |
| EBIT margin | 35.82% |
| EBITDA margin | 33.73% |
| Ret. on assets | 1.06% |
|---|---|
| Ret. on equity | 12.80% |
| ROIC | 1.35% |
| ROCE | 1.27% |
| Debt/Equity | 10.66 |
|---|---|
| Net debt/EBITDA | 27.36 |
| Current ratio | N/A |
| Quick ratio | N/A |
| Volatility | 2.88% |
|---|---|
| Beta | 1.90 |
| RSI | 49.24 |
|---|
| Insider ownership | 2.80% |
|---|---|
| Inst. ownership | 86.26% |
| Shares outst. | 110.111M |
|---|---|
| Shares float | 0.000 0.00% |
| Short % of float | 2.02% |
| Short ratio | 2.45 |
| Dividend | $1.47 |
|---|---|
| Dividend yield | 2.33% |
| Payout ratio | 21.40% |
| Payment date | N/A |
| Ex-dividend date | N/A |
| Earnings date | 16 Jul 2024 |
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| Insider |
Trans.
Transaction
|
Total value |
|---|---|---|
| Barbara Kennedy Chief Human Resources Officer | Option 15 Jun 2024 | $5,916 |
| Emily Nachlas Chief Risk Officer | Option 15 Jun 2024 | $4,217 |
| Stephen Russell Curley Chief Banking Ofc.-NBL | Option 15 Jun 2024 | $9,664 |
| Tim R Bruckner CBO for Regional Banking | Option 15 Jun 2024 | $9,254 |
| Kenneth Vecchione President and CEO | Option 15 Jun 2024 | $31,569 |
| Timothy W Boothe Chief Operating Officer | Option 15 Jun 2024 | $5,681 |
| Jessica H Jarvi CLO and Secretary | Option 15 Jun 2024 | $3,397 |
| Lynne Herndon Chief Credit Officer | Option 15 Jun 2024 | $2,050 |
| Dale Gibbons Vice Chairman and CFO | Option 15 Jun 2024 | $16,692 |
| J. Kelly Jr. Ardrey Chief Accounting Officer | Sale 22 May 2024 | $192,390 |
| Tim R Bruckner CBO for Regional Banking | Option 15 May 2024 | $10,237 |
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Price target
Current $62.96
Average $50.08
Low $44
High $63
Dividends
| Ex-dividend date | N/A | Frequency | Quarterly | Annual dividend | +2.11% |
|---|---|---|---|---|---|
| Next dividend | N/A | Dividend yield | 2.33% | Growth period | 4 years |
| Last dividend date | Yield 3 years | 2.31% | Growth 3 years | +13.19% | |
| Last dividend | Yield 5 years | 1.94% | Growth 5 years | N/A |
| Insider | Age | Since | Compensation |
|---|---|---|---|
| Kenneth Vecchione (65) President, Chief Executive Officer, and Director since 2019 | 65 | 2019 | $5,261,280 |
| Robert Sarver (58) Executive Chairman of the Board since 2018 | 58 | 2018 | $4,621,820 |
| Kenneth A. Vecchione (67) CEO, Pres, and Director | 67 | $3,870,319 | |
| Robert Gary Sarver (60) Exec. Chairman | 60 | $2,589,855 | |
| Dale Gibbons (59) Vice Chairman of the Board and Chief Financial Officer since 2018 | 59 | 2018 | $2,573,580 |
| Dale M. Gibbons (61) Vice Chairman, Exec. VP, and CFO | 61 | $2,056,827 | |
| Randall Theisen (61) General Counsel and Secretary since 2013 | 61 | 2013 | $1,348,510 |
| Barbara Kennedy (53) Chief Human Resource Officer since 2018 | 53 | 2018 | $1,165,640 |
| Timothy W. Boothe (55) Chief Operating Officer | 55 | $992,908 | |
| Randall S. Theisen (63) Gen. Counsel and Sec. | 63 | $978,143 | |
| Michael Patriarca (69) Independent Director since 2016 | 69 | 2016 | $320,650 |
| Bruce Beach (70) Lead Independent Director since 2010 | 70 | 2010 | $320,650 |
| Sung Won Sohn (75) Independent Director since 2010 | 75 | 2010 | $315,650 |
| Donald Snyder (72) Independent Director since 1997 | 72 | 1997 | $305,650 |
| Robert Latta (65) Independent Director since 2015 | 65 | 2015 | $305,650 |
| Howard Gould (70) Independent Director since 2015 | 70 | 2015 | $305,650 |
| Todd Marshall (63) Independent Director since 1995 | 63 | 1995 | $295,650 |
| Marianne Johnson (61) Independent Director since 1995 | 61 | 1995 | $295,650 |
| Steven Hilton (58) Independent Director since 2019 | 58 | 2019 | $285,650 |
| Adriane Mcfetridge (49) Independent Director since 2019 | 49 | 2019 | $181,311 |
| Tim Bruckner (52) Chief Credit Officer since 2019 | 52 | 2019 | |
| Timothy Boothe (54) Chief Operating Officer since 2019 | 54 | 2019 | |
| Barbara J. Kennedy (54) Chief Human Resource Officer | 54 | ||
| Miles Pondelik | |||
| Robert R. McAuslan (72) Exec. VP | 72 | ||
| Robyn Young | |||
| Jeff Semonovich | |||
| James Kelly Ardrey Jr. (53) Sr. VP and Chief Accounting Officer | 53 |
western alliance bank serves customers in in arizona, california, and nevada. the company provides services to businesses, entrepreneurs, professionals, nonprofit organizations, high net worth individuals and other consumers seeking the robust product array of a national bank with the individual, personal attention of a community bank, delivered through a dedicated, local relationship manager.
- Finance > Regional Banks
- Western Alliance Bancorp, One East Washington Street, Phoenix 85004, United States
- 602 389 3500
- Investor relations
Dividends
| Ex-dividend date | N/A | Frequency | Quarterly | Annual dividend | +2.11% |
|---|---|---|---|---|---|
| Next dividend | N/A | Dividend yield | 2.33% | Growth period | 4 years |
| Last dividend date | Yield 3 years | 2.31% | Growth 3 years | +13.19% | |
| Last dividend | Yield 5 years | 1.94% | Growth 5 years | N/A |
Quarterly EPS estimates
Profit margin
Debt to assets
Cash flow
Balance sheet
XSLX
| (in millions USD) | 31 Mar 2024 | 31 Dec 2023 | |||
|---|---|---|---|---|---|
| Current assets | |||||
| Cash | $3,550 | $1,576 | |||
| Short term investments | |||||
| Net receivables | |||||
| Inventory | |||||
| Total current assets | |||||
| Long term investments | |||||
| Property, plant & equipment | $483 | $484 | |||
| Goodwill & intangible assets | $666 | $669 | |||
| Total noncurrent assets | |||||
| Total investments | $70,272 | $66,052 | |||
| Total assets | $76,989 | $70,862 | |||
| Current liabilities | |||||
| Accounts payable | |||||
| Deferred revenue | |||||
| Short long term debt | |||||
| Total current liabilities | |||||
| Long term debt | |||||
| Total noncurrent liabilities | |||||
| Total debt | $7,289 | $8,304 | |||
| Total liabilities | $70,817 | $64,784 | |||
| Stockholders' equity | |||||
| Retained earnings | $4,348 | $4,215 | |||
| Other stockholder equity | -$558 | -$513 | |||
| Total stockholder equity | $6,172 | $6,078 | |||
| (in millions USD) | 2023 | 2022 | ||
|---|---|---|---|---|
| Current assets | ||||
| Cash | $1,576 | $1,043 | ||
| Short term investments | ||||
| Net receivables | ||||
| Inventory | ||||
| Total current assets | ||||
| Long term investments | ||||
| Property, plant & equipment | $484 | $439 | ||
| Goodwill & intangible assets | $669 | $680 | ||
| Total noncurrent assets | ||||
| Total investments | $66,052 | $63,268 | ||
| Total assets | $70,862 | $67,734 | ||
| Current liabilities | ||||
| Accounts payable | ||||
| Deferred revenue | ||||
| Short long term debt | ||||
| Total current liabilities | ||||
| Long term debt | ||||
| Total noncurrent liabilities | ||||
| Total debt | $8,304 | $7,377 | ||
| Total liabilities | $64,784 | $62,378 | ||
| Stockholders' equity | ||||
| Retained earnings | $4,215 | $3,664 | ||
| Other stockholder equity | -$513 | -$661 | ||
| Total stockholder equity | $6,078 | $5,356 | ||
Income statement
| (in millions USD) | 31 Mar 2024 | 31 Dec 2023 | |||
|---|---|---|---|---|---|
| Revenue | |||||
| Total revenue | $713.6 | $672.9 | |||
| Cost of revenue | |||||
| Gross profit | $713.6 | $672.9 | |||
| Operating activities | |||||
| Research & development | |||||
| Selling, general & administrative | $244 | $220.7 | |||
| Total operating expenses | $481.8 | $501.2 | |||
| Operating income | $231.8 | $171.7 | |||
| Income from continuing operations | |||||
| EBIT | $231.8 | $211 | |||
| Income tax expense | $54.4 | $63.1 | |||
| Interest expense | |||||
| Net income | |||||
| Net income | $177.4 | $147.9 | |||
| Income (for common shares) | $174.2 | $144.7 | |||
| (in millions USD) | 2023 | 2022 | ||
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $2,557 | $2,472.8 | ||
| Cost of revenue | ||||
| Gross profit | $2,557 | $2,472.8 | ||
| Operating activities | ||||
| Research & development | ||||
| Selling, general & administrative | $882.9 | $800 | ||
| Total operating expenses | $1,676.1 | $1,156.7 | ||
| Operating income | $880.9 | $1,316.1 | ||
| Income from continuing operations | ||||
| EBIT | $933.6 | $1,316.1 | ||
| Income tax expense | $211.2 | $258.8 | ||
| Interest expense | ||||
| Net income | ||||
| Net income | $722.4 | $1,057.3 | ||
| Income (for common shares) | $709.6 | $1,044.5 | ||
Cash flows
| (in millions USD) | 31 Mar 2024 | 31 Dec 2023 | |||
|---|---|---|---|---|---|
| Net income | $177.4 | $147.9 | |||
| Operating activities | |||||
| Depreciation | $26.8 | $25 | |||
| Business acquisitions & disposals | |||||
| Stock-based compensation | $13.1 | $8.9 | |||
| Total cash flows from operations | -$306.5 | $341.2 | |||
| Investing activities | |||||
| Capital expenditures | -$18.8 | -$27.3 | |||
| Investments | -$3,628.9 | -$1,852.8 | |||
| Total cash flows from investing | -$3,647.7 | -$1,880.1 | |||
| Financing activities | |||||
| Dividends paid | -$43.9 | -$43.7 | |||
| Sale and purchase of stock | $0.1 | ||||
| Net borrowings | -$916 | -$1,384.3 | |||
| Total cash flows from financing | $5,928 | -$382 | |||
| Effect of exchange rate | |||||
| Change in cash and equivalents | $1,973.8 | -$1,920.9 | |||
| (in millions USD) | 2023 | 2022 | ||
|---|---|---|---|---|
| Net income | $722.4 | $1,057.3 | ||
| Operating activities | ||||
| Depreciation | $86.5 | $74.6 | ||
| Business acquisitions & disposals | -$50 | |||
| Stock-based compensation | $34.3 | $39.8 | ||
| Total cash flows from operations | -$328.6 | $2,245.3 | ||
| Investing activities | ||||
| Capital expenditures | -$114.3 | -$141 | ||
| Investments | -$2,045.5 | -$12,939.1 | ||
| Total cash flows from investing | -$2,159.1 | -$13,130.1 | ||
| Financing activities | ||||
| Dividends paid | -$171.5 | -$166.2 | ||
| Sale and purchase of stock | $0.1 | $157.7 | ||
| Net borrowings | $1,513.9 | $5,406.7 | ||
| Total cash flows from financing | $3,020.4 | $11,411.8 | ||
| Effect of exchange rate | ||||
| Change in cash and equivalents | $532.7 | $527 | ||
Recent institutional transactions
| Quarter | Shareholder | Change |
Shares owned
Shares
|
Value (in thousands USD) |
|---|---|---|---|---|
| 2023 Q4 | Insight Folios Inc |
-0.23%
|
12,965 | $852,983 |
| 2021 Q2 | Tdam Usa Inc |
-3.03%
|
74,923 | $6,954 |
| 2020 Q4 | Matarin Capital Management |
Opened
|
28,556 | $1,712 |
Institutional shareholders
| Shareholder | Stake |
Shares owned
Shares
|
Value (in thousands USD) |
|---|---|---|---|
| Tdam Usa Inc | 0.07% | 74,923 | |
| Matarin Capital Management | 0.03% | 28,556 | |
| Insight Folios Inc | 0.01% | 12,965 |
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