Western Alliance Ranks #1 for Performance on S&P Global Market Intelligence's List of 50 Largest Public U.S. Banks for 2020
April 08, 2021
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
With more than $65 billion in assets, Western Alliance Bancorporation is one of the country’s top-performing banking companies. Its primary subsidiary, Western Alliance Bank, Member FDIC, offers a full spectrum of tailored solutions and outstanding service delivered by banking and mortgage experts who put customers first. Major accolades include being ranked #1 top-performing large bank with assets greater than $50 billion in 2021 by both American Banker and Bank Director. Serving clients across the country wherever business happens, Western Alliance Bank is working to become the nation’s leader in commercial banking through its individual, full-service banking and financial brands, with offices in key markets nationwide.