The headline numbers for Western Alliance (WAL) give insight into how the company performed in the quarter ended March 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Western Alliance (WAL) came out with quarterly earnings of $1.79 per share, beating the Zacks Consensus Estimate of $1.78 per share. This compares to earnings of $1.72 per share a year ago.
Western Alliance Bancorp, a Phoenix-based regional bank, and parent of Western Alliance Bank, gets a buy rating for my initial coverage. I liked their 2024 loan growth and business segment penetration, solid margins, return on equity, and recent Fitch rating upgrade. Appearing very undervalued now, I gave this stock a 3-year price target of $82.22 (Dec. 2027), so currently it presents an undervaluation opportunity.
Western Alliance (WAL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Western Alliance (WAL) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
Western Alliance Bancorporation (NYSE:WAL ) Q4 2024 Earnings Conference Call January 28, 2025 12:00 PM ET Company Participants Miles Pondelik – Director of Investor Relations and Corporate Development Dale Gibbons – Interim Chief Executive Officer and Chief Financial Officer Steve Curley – Chief Banking Officer-National Business Lines Tim Bruckner – Chief Banking Officer-Regional Banking Conference Call Participants Ebrahim Poonawala – Bank of America Matthew Clark – Piper Sandler Bernard Von Gizycki – Deutsche Bank Gary Tenner – D.A. Davidson Chris McGratty – KBW Ben Gerlinger – Citi Nick Holowko – UBS Andrew Terrell – Stephens Anthony Elian – J.P.
Western Alliance shares have rebounded strongly, nearing a 52-week-high, but the recent modest earnings beat suggests limited upside, prompting a move to "hold." The bank's Q4 earnings were driven by a lower tax rate, with total deposits up 20% year-over-year despite seasonal mortgage warehouse declines. Credit quality has deteriorated slightly, with increased provisions for credit losses and a rise in nonperforming loans, particularly in commercial real estate where its office exposure is a concern.
While the top- and bottom-line numbers for Western Alliance (WAL) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Western Alliance (WAL) came out with quarterly earnings of $1.95 per share, beating the Zacks Consensus Estimate of $1.92 per share. This compares to earnings of $1.91 per share a year ago.
Get a deeper insight into the potential performance of Western Alliance (WAL) for the quarter ended December 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Western Alliance (WAL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Rate cuts will boost mortgage demand and lift mortgage banking revenue. However, rate cuts will likely also pressure the net interest margin. The housing markets and low borrowing costs bode well for loan growth. However, the job markets in WAL's main states are struggling, which bodes ill. I'm estimating an EPS of $6.88 for 2024 (up 5%) and $8.10 for 2025 (up 18%).