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Western Alliance Bancorporation vs East West Bancorp: WAL and EWBC compared
Western Alliance Bancorporation is the larger company: $1.0B of revenue in its latest quarter (Q3 2026) against $823M for East West Bancorp (Q3 2026). Western Alliance Bancorporation is growing faster (+8% against +6% a year earlier). East West Bancorp is more profitable, with an operating margin of 60.1% against 33.4%.
Where the money goes: WAL and EWBC
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.
East West Bancorp (EWBC) · Q3 2026
East West Bancorp, Q3 2026: revenue $823M (+6% year over year), operating margin 60.1%, net earnings $382M, operating cash flow $468M. The chart follows the revenue to costs, profit and cash.
| Western Alliance Bancorporation (WAL) | East West Bancorp (EWBC) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $1.0B | $823M |
| Revenue growth, Y/Y | +8% | +6% |
| Operating margin | 33.4% | 60.1% |
| Net earnings | $270M | $382M |
| Net margin | 26.6% | 46.5% |
| Operating cash flow | $770M | $468M |
| Free cash flow | — | $451M |
| Market value | $8.2B | $17.8B |
| P/E | 8.4× | 12.2× |
| Analysts’ mean target | $89.50 | $151.62 |
Where the revenue comes from
Western Alliance Bancorporation
- Net interest income: $808M (80%)
- Noninterest income: $207M (20%)
East West Bancorp
- Net interest income: $719M (87%)
- Noninterest income: $104M (13%)
Questions
Which is bigger, Western Alliance Bancorporation or East West Bancorp?
Western Alliance Bancorporation is the larger company: $1.0B of revenue in its latest quarter (Q3 2026) against $823M for East West Bancorp (Q3 2026).
Is Western Alliance Bancorporation or East West Bancorp growing faster?
Western Alliance Bancorporation is growing faster (+8% against +6% a year earlier).
Which is more profitable, Western Alliance Bancorporation or East West Bancorp?
East West Bancorp is more profitable, with an operating margin of 60.1% against 33.4%.
More: Western Alliance Bancorporation earnings · how Western Alliance Bancorporation makes money · East West Bancorp earnings · how East West Bancorp makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 30, 2026; 10-Q filed Nov 6, 2026). Fiscal quarters can end on different dates. Not investment advice.