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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,839573614417286226166
Cash and cash equivalents2,672435499417284225164
Short-term investments167139115 112
Assets held-for-sale, not part of disposal group    1924
Total current assets:2,839573614417304250166
Noncurrent Assets
Operating lease, right-of-use asset7373
Property, plant and equipment134126119119120119114
Intangible assets, net (including goodwill), including:29929829930130330526
Goodwill29029029029029029023
Intangible assets, net (excluding goodwill)9891113163
Other undisclosed intangible assets, net (including goodwill) (0)0(0)00(0)
Deferred income tax assets31 
Amortization method qualified affordable housing project investments406409342   
Total noncurrent assets:942905761419423424140
Other undisclosed assets32,68025,34321,73519,49316,47413,60110,295
TOTAL ASSETS:36,46126,82223,10920,32917,20114,27510,600
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt51749139080150263
Total current liabilities:51749139080150263
Noncurrent Liabilities
Long-term debt and lease obligation      210
Long-term debt, excluding current maturities      210
Total noncurrent liabilities:      210
Other undisclosed liabilities33,04323,78920,00517,70915,22912,5349,126
Total liabilities:33,04823,80520,49618,09915,30912,6849,600
Stockholders' equity
Stockholders' equity attributable to parent, including:3,4143,0172,6142,2301,8921,5921,001
Preferred stock      71
Common stock 000000
Treasury stock, value(71)(63)(53)(40)(26)  
Additional paid in capital 1,3741,4181,4251,4001,307828
Accumulated other comprehensive income (loss)9225(34)(3)(5)2217
Retained earnings2,0011,6801,28384852226385
Other undisclosed stockholders' equity attributable to parent1,391      
Total stockholders' equity:3,4143,0172,6142,2301,8921,5921,001
TOTAL LIABILITIES AND EQUITY:36,46126,82223,10920,32917,20114,27510,600

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues1,2601,2251,026868720540428
Net investment income1,2621,2251,033846701525416
Cost of revenue(124)(19)(23)(17)(8)(3)(5)
Provision for loan, lease, and other losses(124)(19)(23)
Financial services costs(17)(8)(3)(5)
Gross profit:1,1371,2071,003851712537423
Operating expenses(116)(86)(76)(279)(251)(201)(179)
Other operating income, net
(Noninterest Income, Other Operating Income)
8622755
Operating income:1,0291,126929574468342249
Nonoperating income16997447
Investment income, nonoperating65     
Foreign currency transaction gain, before tax  54   
Gains on sales of other real estate      3
Bank owned life insurance income10444445
Interest and debt expense(95)(185)(118)(61)(43)(33)(32)
Other undisclosed loss from continuing operations before equity method investments, income taxes(327)(346)(310)(69)(67)(54)(27)
Income from continuing operations before income taxes:623604510452361259197
Income tax expense(116)(105)(75)(126)(101)(64)(48)
Net income:507499436325260194149
Other undisclosed net loss attributable to parent      (1)
Net income attributable to parent:507499436325260194148
Preferred stock dividends and other adjustments     (1)(1)
Net income available to common stockholders, diluted:507499436325260193147

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:507499436325260194149
Other comprehensive income (loss)6759(29)2(27)(11)38
Comprehensive income:574558406327233184187
Other undisclosed comprehensive loss, net of tax, attributable to parent      (1)
Comprehensive income, net of tax, attributable to parent:574558406327233184186

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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