Filing Flows › Western Alliance Bancorporation (WAL) › Q1 2025
Western Alliance Bancorporation (WAL) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 1, 2025
Western Alliance Bancorporation (WAL) reported revenue of $778M for the first quarter 2025 (Q1 2025), +7% from a year earlier and -7% from the quarter before. Operating margin was 31.7%, net earnings $199M (25.6% of revenue).
Western Alliance Bancorporation, Q1 2025: revenue $778M (+7% year over year), operating margin 31.7%, net earnings $199M, operating cash flow −$1.7B. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $778M | -7% | +7% |
| Operating profit | $246M | -5% | +6% |
| Net earnings | $199M | -8% | +12% |
| Operating cash flow | −$1.7B | — | — |
What changed
Revenue was $778.0M in Q1 2025, up 7% year over year and down 7% from the previous quarter.
Operating profit was $246.4M, a 31.7% margin (down 0.1 points year over year). Of the extra revenue versus a year earlier, 30% reached operating profit, below the 32% margin then. Total costs grew 7% against revenue growth of 7%. The fastest-growing cost line was Credit loss provision (+105%). Net earnings were $199.1M, up 12% year over year. The effective tax rate was 19.2%.
Operating cash flow was −$1,654.0M. Non-cash charges added back $25.0M of depreciation and amortization and $15.4M of share-based compensation. Working capital and other items used $1,893.5M.
Questions
What was Western Alliance Bancorporation's revenue in the first quarter 2025?
Western Alliance Bancorporation (WAL) reported revenue of $778M for the first quarter 2025 (Q1 2025), +7% from a year earlier and -7% from the quarter before.
Was Western Alliance Bancorporation profitable in the first quarter 2025?
Operating profit was $246M (31.7% of revenue) and net earnings $199M.