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Western Alliance Bancorporation vs Wintrust Financial: WAL and WTFC compared
Western Alliance Bancorporation is the larger company: $1.0B of revenue in its latest quarter (Q3 2026) against $758M for Wintrust Financial (Q3 2026). Wintrust Financial is growing faster (+9% against +8% a year earlier). Wintrust Financial is more profitable, with an operating margin of 43.1% against 33.4%.
Where the money goes: WAL and WTFC
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.
Wintrust Financial (WTFC) · Q3 2026
Wintrust Financial, Q3 2026: revenue $758M (+9% year over year), operating margin 43.1%, net earnings $239M, operating cash flow $358M. The chart follows the revenue to costs, profit and cash.
| Western Alliance Bancorporation (WAL) | Wintrust Financial (WTFC) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $1.0B | $758M |
| Revenue growth, Y/Y | +8% | +9% |
| Operating margin | 33.4% | 43.1% |
| Net earnings | $270M | $239M |
| Net margin | 26.6% | 31.5% |
| Operating cash flow | $770M | $358M |
| Market value | $8.2B | $10.7B |
| P/E | 8.4× | 12.0× |
| Analysts’ mean target | $89.50 | $174.75 |
Where the revenue comes from
Western Alliance Bancorporation
- Net interest income: $808M (80%)
- Noninterest income: $207M (20%)
Wintrust Financial
- Net interest income: $622M (82%)
- Noninterest income: $136M (18%)
Questions
Which is bigger, Western Alliance Bancorporation or Wintrust Financial?
Western Alliance Bancorporation is the larger company: $1.0B of revenue in its latest quarter (Q3 2026) against $758M for Wintrust Financial (Q3 2026).
Is Western Alliance Bancorporation or Wintrust Financial growing faster?
Wintrust Financial is growing faster (+9% against +8% a year earlier).
Which is more profitable, Western Alliance Bancorporation or Wintrust Financial?
Wintrust Financial is more profitable, with an operating margin of 43.1% against 33.4%.
More: Western Alliance Bancorporation earnings · how Western Alliance Bancorporation makes money · Wintrust Financial earnings · how Wintrust Financial makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 30, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.