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Western Alliance Bancorp (Western Alliance Bancorp) Effective Interest Rate on Debt % : 20.65% (As of Dec. 2023)


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What is Western Alliance Bancorp Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Western Alliance Bancorp's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $1,789 Mil. Western Alliance Bancorp's average total debt for the quarter that ended in Dec. 2023 was $8,663 Mil. Therefore, Western Alliance Bancorp's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 20.65%.


Western Alliance Bancorp Effective Interest Rate on Debt % Historical Data

The historical data trend for Western Alliance Bancorp's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Western Alliance Bancorp Effective Interest Rate on Debt % Chart

Western Alliance Bancorp Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 34.60 17.17 8.85 11.11 22.87

Western Alliance Bancorp Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 13.21 15.55 20.26 20.65 23.68

Competitive Comparison of Western Alliance Bancorp's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Western Alliance Bancorp's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Western Alliance Bancorp's Effective Interest Rate on Debt % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Western Alliance Bancorp's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Western Alliance Bancorp's Effective Interest Rate on Debt % falls into.



Western Alliance Bancorp Effective Interest Rate on Debt % Calculation

Western Alliance Bancorp's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2022 )+Total Debt  (A: Dec. 2023 ))/ count )
=-1  *  -1696.4/( (6710+8123)/ 2 )
=-1  *  -1696.4/7416.5
=22.87 %

where

Western Alliance Bancorp's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -1789.2/( (9203+8123)/ 2 )
=-1  *  -1789.2/8663
=20.65 %

where

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Western Alliance Bancorp  (NYSE:WAL) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


Western Alliance Bancorp Effective Interest Rate on Debt % Related Terms

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Western Alliance Bancorp (Western Alliance Bancorp) Business Description

Industry
Address
One East Washington Street, Suite 1400, Phoenix, AZ, USA, 85004
Western Alliance Bancorporation is a Las Vegas-based holding company with regional banks operating in Nevada, Arizona, and California. The bank offers retail banking services and focuses on mortgages for retail customers and commercial loans, mainly for real estate. The bank also has an investment advisory business that manages investment portfolios for Western clients and clients of other banks.
Executives
Robert P Latta director 650 PAGE MILL ROAD, PALO ALTO CA 94304
Jessica H Jarvi officer: CLO & Secretary 1 E. WASHINGTON STREET, SUITE1400, PHOENIX AZ 85004
Anthony T Meola director 18400 VON KARMAN AVENUE, SUITE 1000, IRVINE CA 92612
Mary E Tuuk director 625 KENMOOR AVE SE, SUITE 301, GRAND RAPIDS MI 49456
Marianne Boyd Johnson director
Tim R Bruckner officer: EVP, Chief Credit Officer ONE E. WASHINGTON ST., SUITE 1400, PHOENIX AZ 85040
Ardrey J. Kelly Jr. officer: SVP, Chief Accounting Officer ONE E. WASHINGTON STREET, SUITE 1400, PHOENIX AZ 85004
Kevin M Blakely director HUNTINGTON CENTER, 41 S. HIGH STREET, COLUMBUS OH 43287
Paul Galant director 88 WEST PLUMERIA DRIVE, SAN JOSE CA 95134
Stephen Russell Curley officer: Chief Banking Ofc.-NBL 5103 E. KELTON LANE, SCOTTSDALE AZ 85254
Emily Nachlas officer: Chief Risk Officer 1 E. WASHINGTON STREET, SUITE 1400, PHOENIX AZ 85004
Donald D Snyder director
Patricia L. Arvielo director 8390 EAST CRESCENT PARKWAY, SUITE 650, GREENWOOD VILLAGE CO 80111
Dale Gibbons officer: EVP and CFO 2700 W. SAHARA AVE., LAS VEGAS NV 89102
Bryan K Segedi director 1 E WASHINGTON STREET, SUITE 1400, PHOENIX AZ 85004