Western Alliance Ranks #1 for Performance on S&P Global Market Intelligence's List of 50 Largest Public U.S. Banks for 2020
Western Alliance
Western Alliance Bancorporation (NYSE: WAL) is the nation’s top-performing among the 50 largest public U.S. banks for 2020, according to a new report from S&P Global Market Intelligence. The bank earned the #1 position for the second year in a row.
S&P Global Market Intelligence recognized Western Alliance Bancorporation, parent of Western Alliance Bank, in particular for its strong earnings growth and resilient credit performance in 2020. The ranking is based on three major categories: growth, weighted at 35%, profitability, weighted at 35%, and safety and soundness, weighted at 30%.
“This important balance of exceptional growth without compromising our longstanding conservative credit approach is the bedrock of Western Alliance culture,” said Kenneth A. Vecchione, President and Chief Executive Officer, Western Alliance Bank. “Our people do an incredible job of working closely with clients across the economy to shape solutions that make sense for their businesses and for the bank.”
In its report, S&P Global Market Intelligence quoted Keefe, Bruyette & Woods analyst Christopher McGratty, who wrote after the bank’s fourth quarter 2020 earnings release, "For an industry that is starved for growth, [Western Alliance] remains in rare company."
Western Alliance Bank
Western Alliance Bancorporation (NYSE:WAL) is one of the country’s top-performing banking companies. Its primary subsidiary, Western Alliance Bank, Member FDIC, is a leading national bank for business that puts customers first, delivering tailored business banking solutions and consumer products backed by outstanding, personalized service and specific expertise in more than 30 industries and sectors. With $90 billion in assets and offices nationwide, Western Alliance excels at helping businesses of all sizes capitalize on their opportunities to solve today and succeed tomorrow. Western Alliance Bank includes six legacy bank brands — Alliance Association Bank, Alliance Bank of Arizona, Bank of Nevada, Bridge Bank, First Independent Bank and Torrey Pines Bank — that continue to be part of the company’s heritage. Western Alliance has ranked as a top U.S. bank by American Banker and Bank Director since 2016. In 2024, Western Alliance Bancorporation again was #1 for Best CEO, Best CFO and Best Company Board of Directors on Extel’s All-America Executive Team Midcap Banks list.