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Western Alliance Bancorporation (NYSE: WAL) | Company Profile, History, Competitors

 

Western Alliance Bancorporation (NYSE: WAL) is a regional bank with key operations in Arkansas As of 2017, it has 1,725 employees and 47 banking locations in Arizona, Nevada, California, Georgia, Massachusetts and Virginia. It was founded in 1994 and headquartered in Phoenix, AZ.

The bank offers a variety of deposit, lending, treasury management, and online banking services to commercial and consumer customers. The bank focuses primarily on commercial banking activities and brands itself as the "Go-to Bank for Business"

History

In 1994, it was founded as BankWest of Nevada in the Las Vegas market. It opened a location in Phoenix and San Diego in 2003. In 2005, it completed an initial public offering.

Management

Kenneth A. Vecchione (CEO): Kenneth Vecchionne serves as CEO since 2017. Prior, he was CEO of Encore Capital Group, CFO of Apollo Global Management and CFO of MBNA America Bank.

Dale Gibbons (CFO): Dale Gibbons serves as CFO since 2018. Prior, he was CFO of Zions Bancorporation.

Financials

 $ USD in millions     2013     2014  2015  2016  2017
 Book Value  $715 
$930 
$1,592 
$1,892 
$2,230 
 Net Interest Margin %  4.24%  4.13% 
4.24%
4.48%
4.51%
 Net Charge-Off Rate % 0.14%
(0.07%)
(0.06%)
0.02%
0.01%
 Loan/Deposit Ratio % 87%
94%
93%
91%
89%
      
 Revenues
 $346 
$410 
 $522 
 $700 
 $830 
 Net Interest Income  $333 
$385 
 $493 
 $657 
 $785 
 Net Income $114 
$147 
$194 
 $260 
 $326 
 EPS $1.31 
$1.67 
$2.03 
$2.50 
$3.10 

Loan Portfolio (2017)

 Type  Amount ($bn)  %
 Commercial and Industrial  $6.8  25%
 Commercial Real Estate - Non-Owner Occupied
 $3.9  26%
 Commercial Real Estate - Owner Occupied  $2.2  15%
 Construction & Land Development
 $1.6  11%
 Residential Real Estate
 $0.4
 3%
 Consumer  $0.1  1%
 Total  $15.1  100%

Deposit Portfolio (2017)

 Type  Amount ($bn)  %
 Non-Interest Bearing
 $7.4  44%
 Interest-Bearing
 $1.6  9%
 Savings and Money Market
 $6.3 37%
 Time CODs ($250,000 or more)
 $0.7  4%
 Other TIme Deposits
 $0.9  5%
 Total  $17.0  100%