Western Alliance Bancorporation (WAL) financial statements (2021 and earlier)

Company profile

Business Address ONE E. WASHINGTON STREET
PHOENIX, AZ 85004
State of Incorp. DE
Fiscal Year End December 31
SIC 6022 - State Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments573614417286226166306
Cash and cash equivalents435499417284225164306
Short-term investments139115 112 
Assets held-for-sale, not part of disposal group   1924
Total current assets:573614417304250166306
Noncurrent Assets
Operating lease, right-of-use asset73
Property, plant and equipment126119119120119114120
Intangible assets, net (including goodwill), including:2982993013033052627
Goodwill2902902902902902323
Intangible assets, net (excluding goodwill)8911131634
Other undisclosed intangible assets, net (including goodwill)(0)0(0)00(0)
Amortization method qualified affordable housing project investments409342   
Total noncurrent assets:905761419423424140148
Other undisclosed assets25,34321,73519,49316,47413,60110,2958,854
TOTAL ASSETS:26,82223,10920,32917,20114,27510,6009,307
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt174913908015026329
Total current liabilities:174913908015026329
Noncurrent Liabilities
Long-term debt and lease obligation     210312
Long-term debt, excluding current maturities     210312
Total noncurrent liabilities:     210312
Other undisclosed liabilities23,78920,00517,70915,22912,5349,1268,111
Total liabilities:23,80520,49618,09915,30912,6849,6008,452
Stockholders' equity
Stockholders' equity attributable to parent3,0172,6142,2301,8921,5921,001855
Preferred stock     71141
Common stock0000000
Treasury stock, value(63)(53)(40)(26)   
Additional paid in capital1,3741,4181,4251,4001,307828797
Accumulated other comprehensive income (loss)25(34)(3)(5)2217(22)
Retained earnings (accumulated deficit)1,6801,28384852226385(61)
Total stockholders' equity:3,0172,6142,2301,8921,5921,001855
TOTAL LIABILITIES AND EQUITY:26,82223,10920,32917,20114,27510,6009,307

Income statement (P&L) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues1,2251,02686872054042810
Net investment income1,2251,033846701525416 
Financial services revenue2320151110
Cost of revenue(19)(23)(17)(8)(3)(5) 
Provision for loan, lease, and other losses(19)(23)
Financial services costs(17)(8)(3)(5) 
Gross profit:1,2071,00385171253742310
Operating expenses(86)(76)(279)(251)(201)(179)(136)
Other operating income, net
(Noninterest Income, Other Operating Income)
6227553
Operating income (loss):1,126929574468342249(124)
Nonoperating income99744710
Investment income, nonoperating5     (0)
Foreign currency transaction gain, before tax 54    
Gains on sales of other real estate     36
Bank owned life insurance income4444455
Interest and debt expense(185)(118)(61)(43)(33)(32)(31)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(346)(310)(69)(67)(54)(27)285
Income from continuing operations before income taxes:604510452361259197141
Income tax expense(105)(75)(126)(101)(64)(48)(25)
Net income:499436325260194149115
Other undisclosed net loss attributable to parent     (1)(1)
Net income attributable to parent:499436325260194148115
Preferred stock dividends and other adjustments    (1)(1)(1)
Net income available to common stockholders, diluted:499436325260193147113

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:499436325260194149115
Other comprehensive income (loss)59(29)2(27)(11)38(30)
Comprehensive income:55840632723318418786
Other undisclosed comprehensive loss, net of tax, attributable to parent     (1)(1)
Comprehensive income, net of tax, attributable to parent:55840632723318418685

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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