Filing Flows › Western Alliance Bancorporation (WAL) › How it makes money
How Western Alliance Bancorporation (WAL) makes money
Western Alliance Bancorporation (WAL) made $1.0B of revenue in the third quarter 2026 (Q3 2026), +8% from a year earlier. Net interest income brought in $808M (80%); Noninterest income brought in $207M (20%). Of every dollar of revenue, 33¢ was left as operating profit, 27¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Net interest income | $808M | 79.6% | +1% | +8% |
| Noninterest income | $207M | 20.4% | +4% | +10% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $1.0B | 100.0% |
| Operating profit | $339M | 33.4% |
| Income tax | $61.9M | 6.1% |
| Net earnings | $270M | 26.6% |
| Operating cash flow | $770M | 75.9% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $1.0B | +8% |
| Q2 2026 | $996M | +18% |
| Q1 2026 | $1.0B | +31% |
| Q4 2025 | $981M | +17% |
| Q3 2025 | $938M | +14% |
| Q2 2025 | $846M | +10% |
| Q1 2025 | $778M | +7% |
From Western Alliance Bancorporation's 10-Q filed Oct 30, 2026 (on EDGAR).
Questions
How does Western Alliance Bancorporation make money?
Western Alliance Bancorporation (WAL) made $1.0B of revenue in the third quarter 2026 (Q3 2026), +8% from a year earlier. Net interest income brought in $808M (80%); Noninterest income brought in $207M (20%). Of every dollar of revenue, 33¢ was left as operating profit, 27¢ was left as net earnings.
What is Western Alliance Bancorporation's biggest business?
Net interest income: $808M in the third quarter 2026, 80% of revenue, +8% from a year earlier.
What is Western Alliance Bancorporation's profit margin?
Net earnings were $270M, 26.6% of revenue, in the third quarter 2026; the operating margin was 33.4%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.