---
title: Western Alliance (WAL) — bank health card
canonical: https://sweetvaluelab.com/tools/banks/wal
ticker: WAL
tier: Regional
as_of: 2026-10-16
---
# Western Alliance (WAL) — bank health

Western Alliance, Regional, trades at 1.51× tangible book against a 18.0% return on tangible common equity, a 30% discount to the return-driven theory line. Prices as of Oct 16, 2026; trailing-twelve-month figures through Sep 30, 2026.

## The card

| Figure | WAL | Regional average (10) |
| --- | ---: | ---: |
| Price | $74.51 |  |
| P/TBV | 1.51× |  |
| Tangible book per share | $49.43 |  |
| P/E | 8.5 |  |
| EPS (TTM) | $8.72 |  |
| Dividend per share (TTM) | $1.68 |  |
| Dividend yield | 2.3% |  |
| Payout | 19.3% |  |
| ROTCE | 18.0% | 13.3% |
| ROA | 0.98% |  |
| Efficiency ratio | 56.3% | 62.7% |
| Net interest income share | 78.8% | 75.6% |
| Credit cost | 12.64% | 3.38% |
| AOCI / TCE | -8.3% | -11.3% |
| CET1 | 11.0% |  |
| CET1 requirement | 7.0% |  |
| Total assets | $98.7B |  |
| Leverage (assets / TCE) | 18.3× |  |
| P/TBV at 9% / 10% / 11% ROTCE (theory) | 2.50× / 2.14× / 1.87× |  |

## Lights

- Provision is 12.6% 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/banks/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.