---
title: Western Alliance (WAL) — bank health card
canonical: https://sweetvaluelab.com/tools/bank-stocks/wal
ticker: WAL
tier: Regional
as_of: 2026-10-26
---
# Western Alliance (WAL) — bank health

Western Alliance, Regional, trades at 1.21× tangible book against a 14.8% return on tangible common equity, a 28% discount to the return-driven theory line. Prices as of Oct 26, 2026; trailing-twelve-month figures through Sep 30, 2026.

## The card

| Figure | WAL | Regional average (10) |
| --- | ---: | ---: |
| Price | $75.44 |  |
| P/TBV | 1.21× |  |
| Tangible book per share | $62.31 |  |
| P/E | 8.4 |  |
| EPS (TTM) | $8.95 |  |
| Dividend per share (TTM) | $1.68 |  |
| Dividend yield | 2.2% |  |
| Payout | 18.8% |  |
| ROTCE | 14.8% | 13.5% |
| ROA | 1.01% |  |
| Efficiency ratio | 56.8% | 62.4% |
| Net interest income share | 78.3% | 75.5% |
| Credit cost | 12.25% | 3.13% |
| AOCI / TCE | −11.7% | −12.1% |
| CET1 | 11.0% |  |
| CET1 requirement | 7.0% |  |
| Total assets | $98.1B |  |
| Leverage (assets / TCE) | 14.6× |  |
| P/TBV at 9% / 10% / 11% ROTCE (theory) | 1.97× / 1.69× / 1.47× |  |

## Lights

- Provision is 12.3% of net revenue

## Data notes

- Quarter ending 2026-06-30 excluded: revenue < interestIncome.
- TTM figures are 3 quarters annualized (× 4/3).

---

Source: https://sweetvaluelab.com/tools/bank-stocks/wal (SweetValueLab, free, no account). Quarterly statements from Financial Modeling Prep, closes from the daily price cache; the engine's rules are on the board page. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.