Western Alliance Bancorporation (NYSE: WAL) is the nation’s #1 top-performing public banking company, according to S&P Global Market Intelligence’s inaugural ranking for 2019 of the 50 largest public U.S. banks.
Western Alliance has consistently earned high rankings on another of S&P Global Market Intelligence’s lists, its annual ranking of regional banks. For 2018 Western Alliance was the #1 regional bank, after two years in the #2 position. (This list for 2019 has not yet been published.)
For the new listing of the 50 largest public U.S. banks, companies were ranked based on three major categories: growth, weighted at 35%; profitability, weighted at 35%; and safety and soundness, weighted at 30%.
“Our resourceful, talented people powered us to an outstanding 2019 and earn this strong ranking, and they now are working full throttle to help our clients manage through the challenges presented by the coronavirus crisis,” said Kenneth A. Vecchione, President and Chief Executive Officer, Western Alliance Bank. “The same strengths that helped our bank perform at the industry’s highest level will see us through to the other side of this difficult period.”