Western Alliance Bancorporation WAL
WAL is a bank holding company headquartered in Phoenix, Arizona, incorporated under the laws of the state of Delaware. 10-K, Item 1
- Employees
- 3,769
- Headquarters
- Phoenix, AZ
- CEO
- Kenneth Vecchione
- Next results
- around Jan 26, 2027
What changed
14 new risk paragraphs and 1 accounting fact worth reading about. 10-K filed Feb 23, 2026 against Feb 25, 2025.
Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.
Accounting checks
8 checks on the latest 10-K. Checks, not verdicts.
1fact worth reading about the other 7 checks found nothing to note
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Material impairment (8-K item 2.06)8-K item 2.06 (material impairments) filed Mar 6, 2026: “Western Alliance Bancorporation (the “Company”) was recently informed that the counterparties to a commercial loan facility and forbearance agreement with Western Alliance Bank (the “Bank”) would not make a $42.125 million principal payment required pursuant to those agreements and would also discontinue future payments. On March 2, 2026, the Company concluded that a material charge for…”
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Same auditor in both 10-Ks: RSM US LLP
6 more checks with nothing to note
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No statement of substantial doubt about going concern
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No 8-K item 4.02 in the last 2 years
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No NT 10-K or NT 10-Q in the last 2 years
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The same matters as last year: Allowance for Credit Losses - Loans Held for Investment; Valuation of Mortgage Servicing Rights
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No sentence in the 10-K concludes that controls were not effective because of a material weakness
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No 8-K item 1.03 in the last 2 years
In their words
14 paragraphs in Risk Factors that were not in the 10-K filed Feb 25, 2025. Quoted as filed.
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Item 1A · new paragraph · not in the 10-K filed Feb 25, 2025 10-K, ITEM 1A
We also extend credit to certain NDFIs, which provide services similar to traditional banks but do not accept deposits from the general public and are not regulated by federal or state banking agencies. Banks that extend credit to NDFIs may be less likely to detect fraud, whether committed by the NDFI or by an underlying borrower,…
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Item 1A · new paragraph · not in the 10-K filed Feb 25, 2025 10-K, ITEM 1A
Our businesses operate in an increasingly complex and evolving cybersecurity threat environment. Our operations depend on the secure processing, storage, and transmission of sensitive information and we continue to expand our use of third party service providers, which broadens our overall cyber risk exposure. Although we employ…
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Item 1A · new paragraph · not in the 10-K filed Feb 25, 2025 10-K, ITEM 1A
We rely on third parties to support critical business operations, such as data processing and storage, transaction processing, online banking systems, internet connectivity, and network access. Although we maintain a robust due diligence and monitoring program over third-party service providers, we do not control the actions of these…
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Item 1A · new paragraph · not in the 10-K filed Feb 25, 2025 10-K, ITEM 1A
The development and use of AI presents risks and challenges that may adversely impact our business We or our third-party (or fourth-party) vendors, customers or counterparties develop or incorporate AI technology in certain business processes, services or products. The development and use of AI presents a number of risks and challenges,…
New risk paragraphs, against peers
Latest 10-K of each, Financials companies closest in revenue
Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.
Financial performance
Last 4 fiscal years · 10-K XBRL
| Metric | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| Revenue | $2.5B | $2.6B | $3.2B | $3.5B |
| Net income | $1.1B | $722.4M | $787.7M | $969.0M |
| Operating cash flow | $2.2B | −$328.6M | −$2.7B | −$2.7B |
Revenue, FY2016 to FY2025
Ten fiscal years, each from its own 10-K · XBRL · USD
$3.5B ▲ 12.0% in FY2025$969.0M ▲ 23.0% in FY2025
Recent filings
3 filings in the last 30 days · SEC EDGAR
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8-KOct 30, 2026Other events 8-K item 8.01
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10-QOct 30, 2026Quarterly report (10-Q) period ended Sep 30, 2026
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8-KOct 19, 2026Quarterly results 8-K item 2.02
About the company
Western Alliance Bancorporation, Phoenix, AZ · from the 10-K filed Feb 23, 2026
WAL is a bank holding company headquartered in Phoenix, Arizona, incorporated under the laws of the state of Delaware. WAL provides a full spectrum of customized loan, deposit, and treasury management capabilities, including funds transfer and other digital payment offerings through its wholly-owned banking subsidiary, WAB. Effective as of October 4, 2025, the Company completed its brand unity initiative, consolidating its legacy division bank brands: ABA, BON, FIB, Bridge, and TPB, under a single unified name, Western Alliance Bank.
- Headquarters
- Phoenix, AZ
- Country
- United States
- Reports in
- USD
- Listed on
- NYSE
- Fiscal year ends
- December 31
- Last results
- Oct 19, 2026
- Incorporated in
- DE
Employees, at the top of the page: "As of December 31, 2025, the Company employed 3,769 full-time equivalent employees, an increase of 7% from December 31, 2024" (10-K). Address and exchange: SEC's company file.
Email alerts
Sources
The 10-K filed Feb 23, 2026 (open at SEC), compared with the 10-K filed Feb 25, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.
Work with it: Excel workbook · CSV. Google Sheet that stays up to date: paste =IMPORTDATA("https://tickdelta.com/company/WAL/export.csv") into a cell.