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Western Alliance Bancorporation vs Popular: WAL and BPOP compared
Western Alliance Bancorporation is the larger company: $1.0B of revenue in its latest quarter (Q3 2026) against $836M for Popular (Q1 2026). Popular is growing faster (+10% against +8% a year earlier). Popular is more profitable, with an operating margin of 35.0% against 33.4%.
Where the money goes: WAL and BPOP
Western Alliance Bancorporation (WAL) · Q3 2026
Western Alliance Bancorporation, Q3 2026: revenue $1.0B (+8% year over year), operating margin 33.4%, net earnings $270M, operating cash flow $770M. The chart follows the revenue to costs, profit and cash.
Popular (BPOP) · Q1 2026
Popular, Q1 2026: revenue $836M (+10% year over year), operating margin 35.0%, net earnings $246M, operating cash flow $192M. The chart follows the revenue to costs, profit and cash.
| Western Alliance Bancorporation (WAL) | Popular (BPOP) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q1 2026 |
| Revenue | $1.0B | $836M |
| Revenue growth, Y/Y | +8% | +10% |
| Operating margin | 33.4% | 35.0% |
| Net earnings | $270M | $246M |
| Net margin | 26.6% | 29.4% |
| Operating cash flow | $770M | $192M |
| Free cash flow | — | $155M |
| Market value | $8.2B | $10.1B |
| P/E | 8.4× | 10.5× |
| Analysts’ mean target | $89.50 | $194.00 |
Where the revenue comes from
Western Alliance Bancorporation
- Net interest income: $808M (80%)
- Noninterest income: $207M (20%)
Questions
Which is bigger, Western Alliance Bancorporation or Popular?
Western Alliance Bancorporation is the larger company: $1.0B of revenue in its latest quarter (Q3 2026) against $836M for Popular (Q1 2026).
Is Western Alliance Bancorporation or Popular growing faster?
Popular is growing faster (+10% against +8% a year earlier).
Which is more profitable, Western Alliance Bancorporation or Popular?
Popular is more profitable, with an operating margin of 35.0% against 33.4%.
More: Western Alliance Bancorporation earnings · how Western Alliance Bancorporation makes money · Popular earnings · how Popular makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 30, 2026; 10-Q filed May 8, 2026). Fiscal quarters can end on different dates. Not investment advice.