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Western Alliance Issues $400M Subordinated Notes

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Western Alliance Issues $400M Subordinated Notes

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Western Alliance ( (WAL) ) has shared an update.

On November 24, 2025, Western Alliance Bank issued $400 million in 6.537% Fixed Rate Reset Subordinated Notes due in 2035. The proceeds from this issuance, amounting to $397.2 million after discounts and commissions, will be used for general corporate purposes, including growth support and securities management. The Notes are designed to qualify as Tier 2 capital for regulatory purposes, with interest payable semi-annually and redemption options available under specific conditions. These Notes are subordinated obligations, ranking below the Bank’s senior indebtedness and are sold exclusively to institutional accredited investors.

The most recent analyst rating on (WAL) stock is a Hold with a $86.00 price target. To see the full list of analyst forecasts on Western Alliance stock, see the WAL Stock Forecast page.

Spark’s Take on WAL Stock

According to Spark, TipRanks’ AI Analyst, WAL is a Neutral.

Western Alliance’s strong earnings performance and undervaluation are significant positives. However, challenges in revenue growth, cash flow management, and credit quality concerns weigh on the overall score.

To see Spark’s full report on WAL stock, click here.

More about Western Alliance

Western Alliance Bank, a state member bank organized under the laws of Arizona, operates as a banking subsidiary of Western Alliance Bancorporation, a Delaware corporation. The company focuses on providing banking services and products, with a market focus on supporting growth and managing financial securities.

Average Trading Volume: 1,305,919

Technical Sentiment Signal: Buy

Current Market Cap: $8.71B

See more insights into WAL stock on TipRanks’ Stock Analysis page.

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