WAL

Western Alliance Bancorporation

Financial Services · $8.7B market cap

Share price

$76.38

close of Oct 3, 2026

Fair value

$247.86

Sticker Price

Payback Price

$99.14

buy price

On Sale

WAL is On Sale: at $76.38 it trades 23% below its buy price (Payback Price) of $99.14 and 69% below its fair value of $247.86. Business quality is strong: 4 of 5 key numbers clear the 10% bar.

How we valued it

Justified P/B (Financials). A bank or insurer. These are best valued on their book value and how much they earn on it.

Business quality

4 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth22.2% a year✓

Equity per share growth15.2% a year✓

Sales growth26.1% a year✓

Free cash flow growth36.2% a year✓

Return on invested capital5.5%✗

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Superinvestors

1 of the investors we track holds WAL. In Q2 2026, 1 trimmed and 1 sold out. Who we track

Bill Miller

Miller Value Partners · as of Q2 2026

$3.4M

41,755 shares

Moves in Q2 2026

Trimmed: Bill Miller

Sold out: Lee Ainslie

Insider activity

Since Jun 15, 2026: no open-market purchases and 100 other filings (stock awards, tax withholding and similar). Why purchases matter

Other filings

Kennedy Barbara

Chief Human Resources Officer · 2026-08-15

D-Return

$7K

Kennedy Barbara

Chief Human Resources Officer · 2026-08-15

Option exercise

74 shares

Kennedy Barbara

Chief Human Resources Officer · 2026-08-15

Option exercise

82 shares

Kennedy Barbara

Chief Human Resources Officer · 2026-08-15

Option exercise

101 shares

Herndon Lynne

Chief Credit Officer · 2026-08-15

D-Return

$2K

Show all 100 other filings

Herndon Lynne

Chief Credit Officer · 2026-08-15

Option exercise

22 shares

Herndon Lynne

Chief Credit Officer · 2026-08-15

Option exercise

27 shares

Herndon Lynne

Chief Credit Officer · 2026-08-15

Option exercise

35 shares

Nachlas Emily

Chief Risk Officer · 2026-08-15

D-Return

$5K

Nachlas Emily

Chief Risk Officer · 2026-08-15

Option exercise

53 shares

Nachlas Emily

Chief Risk Officer · 2026-08-15

Option exercise

64 shares

Nachlas Emily

Chief Risk Officer · 2026-08-15

Option exercise

72 shares

Jarvi Jessica H

CLO & Secretary · 2026-08-15

D-Return

$5K

Jarvi Jessica H

CLO & Secretary · 2026-08-15

Option exercise

46 shares

Jarvi Jessica H

CLO & Secretary · 2026-08-15

Option exercise

58 shares

Jarvi Jessica H

CLO & Secretary · 2026-08-15

Option exercise

64 shares

Boothe Timothy W

Chief Administration Officer · 2026-08-15

D-Return

$6K

Boothe Timothy W

Chief Administration Officer · 2026-08-15

Option exercise

69 shares

Boothe Timothy W

Chief Administration Officer · 2026-08-15

Option exercise

97 shares

GIBBONS DALE

Vice Chair and CBO, Deposits · 2026-08-15

D-Return

$19K

GIBBONS DALE

Vice Chair and CBO, Deposits · 2026-08-15

Option exercise

212 shares

GIBBONS DALE

Vice Chair and CBO, Deposits · 2026-08-15

Option exercise

229 shares

GIBBONS DALE

Vice Chair and CBO, Deposits · 2026-08-15

Option exercise

285 shares

Bruckner Tim R

CBO for Regional Banking · 2026-08-15

D-Return

$12K

Bruckner Tim R

CBO for Regional Banking · 2026-08-15

Option exercise

115 shares

Bruckner Tim R

CBO for Regional Banking · 2026-08-15

Option exercise

142 shares

Bruckner Tim R

CBO for Regional Banking · 2026-08-15

Option exercise

158 shares

Vecchione Kenneth

Chairman, President & CEO · 2026-08-15

D-Return

$49K

Vecchione Kenneth

Chairman, President & CEO · 2026-08-15

Option exercise

437 shares

Vecchione Kenneth

Chairman, President & CEO · 2026-08-15

Option exercise

539 shares

Vecchione Kenneth

Chairman, President & CEO · 2026-08-15

Option exercise

595 shares

Idnani Vishal

Chief Financial Officer · 2026-08-15

D-Return

$10K

Idnani Vishal

Chief Financial Officer · 2026-08-15

Option exercise

123 shares

Nachlas Emily

Chief Risk Officer · 2026-07-15

D-Return

$5K

Nachlas Emily

Chief Risk Officer · 2026-07-15

Option exercise

53 shares

Nachlas Emily

Chief Risk Officer · 2026-07-15

Option exercise

64 shares

Nachlas Emily

Chief Risk Officer · 2026-07-15

Option exercise

72 shares

Boothe Timothy W

Chief Administration Officer · 2026-07-15

D-Return

$6K

Boothe Timothy W

Chief Administration Officer · 2026-07-15

Option exercise

69 shares

Boothe Timothy W

Chief Administration Officer · 2026-07-15

Option exercise

97 shares

Idnani Vishal

Chief Financial Officer · 2026-07-15

D-Return

$10K

Idnani Vishal

Chief Financial Officer · 2026-07-15

Option exercise

123 shares

Jarvi Jessica H

CLO & Secretary · 2026-07-15

D-Return

$5K

Jarvi Jessica H

CLO & Secretary · 2026-07-15

Option exercise

46 shares

Jarvi Jessica H

CLO & Secretary · 2026-07-15

Option exercise

58 shares

Jarvi Jessica H

CLO & Secretary · 2026-07-15

Option exercise

64 shares

Kennedy Barbara

Chief Human Resources Officer · 2026-07-15

D-Return

$7K

Kennedy Barbara

Chief Human Resources Officer · 2026-07-15

Option exercise

74 shares

Kennedy Barbara

Chief Human Resources Officer · 2026-07-15

Option exercise

82 shares

Kennedy Barbara

Chief Human Resources Officer · 2026-07-15

Option exercise

101 shares

Herndon Lynne

Chief Credit Officer · 2026-07-15

D-Return

$2K

Herndon Lynne

Chief Credit Officer · 2026-07-15

Option exercise

22 shares

Herndon Lynne

Chief Credit Officer · 2026-07-15

Option exercise

27 shares

Herndon Lynne

Chief Credit Officer · 2026-07-15

Option exercise

35 shares

Bruckner Tim R

CBO for Regional Banking · 2026-07-15

D-Return

$12K

Bruckner Tim R

CBO for Regional Banking · 2026-07-15

Option exercise

115 shares

Bruckner Tim R

CBO for Regional Banking · 2026-07-15

Option exercise

142 shares

Bruckner Tim R

CBO for Regional Banking · 2026-07-15

Option exercise

158 shares

Vecchione Kenneth

Chairman, President & CEO · 2026-07-15

D-Return

$49K

Vecchione Kenneth

Chairman, President & CEO · 2026-07-15

Option exercise

437 shares

Vecchione Kenneth

Chairman, President & CEO · 2026-07-15

Option exercise

539 shares

Vecchione Kenneth

Chairman, President & CEO · 2026-07-15

Option exercise

595 shares

JAMMET MARY CHRIS

director · 2026-07-15

Award

276 shares

GIBBONS DALE

Vice Chair and CBO, Deposits · 2026-07-15

D-Return

$19K

GIBBONS DALE

Vice Chair and CBO, Deposits · 2026-07-15

Option exercise

212 shares

GIBBONS DALE

Vice Chair and CBO, Deposits · 2026-07-15

Option exercise

229 shares

GIBBONS DALE

Vice Chair and CBO, Deposits · 2026-07-15

Option exercise

285 shares

Idnani Vishal

Chief Financial Officer · 2026-06-15

D-Return

$10K

Idnani Vishal

Chief Financial Officer · 2026-06-15

Option exercise

123 shares

Vecchione Kenneth

Chairman, President & CEO · 2026-06-15

D-Return

$49K

Vecchione Kenneth

Chairman, President & CEO · 2026-06-15

Option exercise

437 shares

Vecchione Kenneth

Chairman, President & CEO · 2026-06-15

Option exercise

539 shares

Vecchione Kenneth

Chairman, President & CEO · 2026-06-15

Option exercise

595 shares

Bruckner Tim R

CBO for Regional Banking · 2026-06-15

D-Return

$12K

Bruckner Tim R

CBO for Regional Banking · 2026-06-15

Option exercise

115 shares

Bruckner Tim R

CBO for Regional Banking · 2026-06-15

Option exercise

142 shares

Bruckner Tim R

CBO for Regional Banking · 2026-06-15

Option exercise

158 shares

Herndon Lynne

Chief Credit Officer · 2026-06-15

D-Return

$2K

Herndon Lynne

Chief Credit Officer · 2026-06-15

Option exercise

22 shares

Herndon Lynne

Chief Credit Officer · 2026-06-15

Option exercise

27 shares

Herndon Lynne

Chief Credit Officer · 2026-06-15

Option exercise

35 shares

Kennedy Barbara

Chief Human Resources Officer · 2026-06-15

D-Return

$7K

Kennedy Barbara

Chief Human Resources Officer · 2026-06-15

Option exercise

74 shares

Kennedy Barbara

Chief Human Resources Officer · 2026-06-15

Option exercise

82 shares

Kennedy Barbara

Chief Human Resources Officer · 2026-06-15

Option exercise

101 shares

Jarvi Jessica H

CLO & Secretary · 2026-06-15

D-Return

$5K

Jarvi Jessica H

CLO & Secretary · 2026-06-15

Option exercise

46 shares

Jarvi Jessica H

CLO & Secretary · 2026-06-15

Option exercise

58 shares

Jarvi Jessica H

CLO & Secretary · 2026-06-15

Option exercise

64 shares

Nachlas Emily

Chief Risk Officer · 2026-06-15

D-Return

$5K

Nachlas Emily

Chief Risk Officer · 2026-06-15

Option exercise

53 shares

Nachlas Emily

Chief Risk Officer · 2026-06-15

Option exercise

64 shares

Nachlas Emily

Chief Risk Officer · 2026-06-15

Option exercise

72 shares

GIBBONS DALE

Vice Chair and CBO, Deposits · 2026-06-15

D-Return

$19K

GIBBONS DALE

Vice Chair and CBO, Deposits · 2026-06-15

Option exercise

212 shares

GIBBONS DALE

Vice Chair and CBO, Deposits · 2026-06-15

Option exercise

229 shares

GIBBONS DALE

Vice Chair and CBO, Deposits · 2026-06-15

Option exercise

285 shares

Boothe Timothy W

Chief Administration Officer · 2026-06-15

D-Return

$6K

Boothe Timothy W

Chief Administration Officer · 2026-06-15

Option exercise

69 shares

Boothe Timothy W

Chief Administration Officer · 2026-06-15

Option exercise

97 shares

About Western Alliance Bancorporation

Western Alliance Bancorporation serves as the holding entity for Western Alliance Bank, offering a broad spectrum of banking products and related financial services, with its primary operations centered in Arizona, California, and Nevada. The company structures its business across Commercial, Consumer Related, and Corporate & Other segments. Its deposit offerings include checking, savings, and money market accounts…

Banks - Regional

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works

Verdict

How we valued it

Business quality

Superinvestors

Insider activity

Other filings

About Western Alliance Bancorporation