◆ Preferred Stock Research

WAL-P-A

WESTERN ALLIANCE BANCORPORATION · Series A · Banks
Also quoted as: WAL-A, WALprA, WAL.PRA, WAL-PA, WALpA
$24.00
last price

Key Stats ✓ terms from SEC 424B5 — verify via link below

Current Yield
4.43%
Yield to Call
18.27%
Yield to Worst
4.43%
Coupon
4.250%
Liq. Preference
$25.00
Prem/Disc to Par
-4.00%
Annual Dividend
$1.0625
Pay Frequency
quarterly
Call Date
2026-09-30
Maturity
Perpetual
Issued
2021-09-20
Cumulative
No
Redeemable
Yes
Convertible
No
Pay Dates
March 30, June 30, September 30, December 30
Floating Rate
five-year treasury rate + 3.452%
Shares Offered
12,000,000

vs. Banks category (73 issues): yield 4.43% vs avg 6.58% · discount -4.0% vs avg -18.4%

Quote

 WAL-P-A (preferred)WAL (common)
Last $24.00 $83.67
Change +0.00 (+0.00%)
Open$24.01$83.09
High / Low $24.07 / $23.99 $84.49 / $82.89
Prev Close$24.00
Volume23,9671,110,851
52-Week High / Low $25.00 / $20.59 $97.23 / $65.81

52-week range based on available history. Shares outstanding / market cap require a fundamentals feed (not in current data plan).

Price

WAL-P-A WAL (common)

Dividend History

Ex-DateAmount / Share
2026-03-13$0.265625
2025-12-15$0.265625
2025-09-15$0.265625
2025-06-13$0.265625
2025-03-14$0.265625
2024-12-17$0.265625
2024-09-13$0.265625
2024-06-14$0.265625
2024-03-14$0.265625
2023-12-14$0.265625
2023-09-14$0.265625
2023-06-14$0.265625

Performance

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Prospectus (SEC 424B5)

We are offering 12,000,000 depositary shares, each representing a 1/400th ownership interest in a share of our 4.250% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A, par value $0.0001 per share (the "Series A preferred stock"), with a liquidation preference of $25.00 per depositary share (equivalent to $10,000 per share of Series A preferred stock).

Use of proceeds: Net proceeds will be used for general corporate purposes, including supporting growth and capital adequacy and the potential redemption of $175 million of 6.25% subordinated debentures due July 1, 2056.

Full Prospectus (SEC filing) →

About WESTERN ALLIANCE BANCORPORATION

. Organization Structure and Description of Services WAL is a bank holding company headquartered in Phoenix, Arizona, incorporated under the laws of the state of Delaware. WAL provides a full spectrum of customized loan, deposit, and treasury management capabilities, including funds transfer and other digital payment offerings through its wholly-owned banking subsidiary, WAB. Effective as of October 4, 2025, the Company completed its brand unity initiative, consolidating its legacy division bank brands: ABA, BON, FIB, Bridge, and TPB, under a single unified name, Western Alliance Bank. The Company also serves business customers through a national platform of specialized financial services, including mortgage banking services through AmeriHome and digital payment services for the class action legal industry. In addition, the Company has the following non-bank subsidiaries: CSI, a captive insurance company formed and licensed under the laws of the state of Arizona and established as part of the Company's overall enterprise risk management strategy and WATC, which provides corporate trust services and levered loan administration solutions. WAL also has unconsolidated subsidiaries used as business trusts in connection with issuance of trust-preferred securities as described in "Note 12. Qualifying Debt" in Item 8 of this Form 10-K.

https://www.westernalliancebancorporation.com

News — WESTERN ALLIANCE BANCORPORATION

Issuer news via Tiingo, tagged to WAL.

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