MEDIUMBuilt-inLoan_portfolio
48%
commercial and industrial loans
“10-K Item 1: 'Commercial and industrial loans comprise 48% and 43% of the Company's HFI loan portfolio as of December 31, 2025 and 2024, respectively'”
WAL · Concentration risk · 10-K extracted
Western Alliance Bancorporation (WAL) concentration risks
Updated
The most significant concentration Western Alliance Bancorporation discloses is commercial and industrial loans at 48%, classified MEDIUM by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Western Alliance Bancorporation’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 3 disclosed concentrations
HIGH0
MEDIUM3
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMBuilt-inLoan_portfolio
25%
residential real estate loans
“10-K Item 1: 'Residential loans comprise 25% and 27% of the Company's loan portfolio as of December 31, 2025 and 2024, respectively'”
MEDIUMBuilt-inGeographic
Arizona, California, and Nevada
“10-K Item 1A: 'Our commercial and industrial, CRE, and construction and land development loans, are also largely concentrated in select markets in Arizona, California, and Nevada'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's concentration profile is defined by loan portfolio composition and geographic footprint, with all three exposures carrying a moderate-share, structural character. Commercial and industrial loans comprise 48% of the held-for-investment loan portfolio as of December 31, 2025 — the largest single category disclosed, reflecting the bank's positioning as a business-focused commercial lender. Residential loans represent a secondary concentration at 25% of the loan portfolio as of the same date. Together these two categories account for a substantial majority of earning assets, establishing a dual-dimensional portfolio mix tied to both commercial credit and housing market dynamics. Both are structural concentrations: the portfolio composition reflects deliberate underwriting strategy and customer mix rather than dependency on any specific borrower. Commercial and industrial credits are sensitive to business cycle conditions and borrower cash flows, while residential exposure moves with housing prices and interest rate dynamics. The geographic footprint reinforces the structural profile: commercial, industrial, CRE, and construction loans are largely concentrated in select markets in Arizona, California, and Nevada — a medium-share, structural regional tilt. These three states represent distinct but correlated Sun Belt economies with high sensitivity to real estate and technology sector cycles. On balance, the combination of a commercial lending focus and a concentrated Sun Belt geography means that regional economic conditions and commercial real estate credit quality in Arizona, California, and Nevada are the primary monitoring variables for this name.
For the engine’s reasoning on WAL’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Banks - Regional
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| ASB | Associated Banc-Corp | 2 | 3 | 0 | 5 |
| BANC | Banc of California, Inc. | 2 | 0 | 0 | 2 |
| AX | Axos Financial, Inc. | 1 | 1 | 0 | 2 |
| AUB | Atlantic Union Bankshares Corpo | 0 | 3 | 0 | 3 |
| WAL● | Western Alliance Bancorporation | 0 | 3 | 0 | 3 |
| ABCB | Ameris Bancorp | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.