Michael Patriarca - Western Alliance Independent Director

WAL Stock  USD 90.35  5.75  5.98%   

Director

Mr. Michael M. Patriarca is Independent Director of the Company. Mr. Patriarca advised large financial institutions on risk management, audit, compliance, governance and a broad range of regulatory issues at Promontory Financial Group, a premier financial services consulting firm, serving as Managing Director from 2009 through 2014 and as a consultant from 2005 through 2008. From 1999 through 2005, Mr. Patriarca served as the global head of risk management and audit at Visa International and in several executive positions, including General Auditor, at Wells Fargo Bank from 1992 through 1999. Prior to his 23 years of private sector experience, Mr. Patriarca performed senior regulatory roles at the Office of the Comptroller of the Currency and the Office of Thrift Supervision over 16 years of government service. Mr. Patriarca is a career financial services executive with deep and diverse experience. since 2016.
Age 69
Tenure 8 years
Address One East Washington Street, Phoenix, AZ, United States, 85004
Phone(602) 389-3500
Webhttps://www.westernalliancebancorporation.com
Patriarca advised large financial institutions on risk management, audit, compliance, governance and a broad range of regulatory issues at Promontory Financial Group, a premier financial services consulting firm, serving as Managing Director from 2009 through 2014 and as a consultant from 2005 through 2008. From 1999 through 2005, Mr. Patriarca served as the global head of risk management and audit at Visa International and in several executive positions, including General Auditor, at Wells Fargo Bank from 1992 through 1999. Prior to his 23 years of private sector experience, Mr. Patriarca performed senior regulatory roles at the Office of the Comptroller of the Currency and the Office of Thrift Supervision over 16 years of government service.

Western Alliance Management Efficiency

Return On Capital Employed is expected to rise to 0.09 this year, although the value of Return On Tangible Assets will most likely fall to 0.01. At this time, Western Alliance's Net Tangible Assets are quite stable compared to the past year. Earning Assets is expected to rise to about 15.9 B this year, although the value of Other Current Assets will most likely fall to about 1.5 B. Western Alliance's management efficiency ratios could be used to measure how well Western Alliance manages its routine affairs as well as how well it operates its assets and liabilities.
Western Alliance Bancorporation has 8.3 B in debt with debt to equity (D/E) ratio of 0.23, which may show that the company is not taking advantage of profits from borrowing. Note however, debt could still be an excellent tool for Western to invest in growth at high rates of return.

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Western Alliance Bancorporation operates as the bank holding company for Western Alliance Bank that provides various banking products and related services primarily in Arizona, California, and Nevada. Western Alliance Bancorporation was founded in 1994 and is headquartered in Phoenix, Arizona. Western Alliance operates under BanksRegional classification in the United States and is traded on New York Stock Exchange. It employs 3368 people. Western Alliance Bancorporation (WAL) is traded on New York Stock Exchange in USA. It is located in One East Washington Street, Phoenix, AZ, United States, 85004 and employs 3,426 people. Western Alliance is listed under Regional Banks category by Fama And French industry classification.

Management Performance

Western Alliance Ban Leadership Team

Elected by the shareholders, the Western Alliance's board of directors comprises two types of representatives: Western Alliance inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Western. The board's role is to monitor Western Alliance's management team and ensure that shareholders' interests are well served. Western Alliance's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Western Alliance's outside directors are responsible for providing unbiased perspectives on the board's policies.
Steven Hilton, Independent Director
Marianne Johnson, Independent Director
Juan Figuereo, Independent Director
Timothy Boothe, Chief Operating Officer
Donald Snyder, Independent Director
Bryan Segedi, Independent Director
Bruce Beach, Lead Independent Director
Todd Marshall, Independent Director
Adriane Mcfetridge, Independent Director
Robert Latta, Independent Director
Paulina Woo, Corporate Management
CPA Ardrey, Senior Officer
Jessica Jarvi, Chief Officer
Kenneth Vecchione, President, Chief Executive Officer, Principal Operating Officer, Director
Jeff Semonovich, Chief Officer
James Ardrey, Senior Officer
Stephen Curley, Chief Lines
Robert Sarver, Chairman, CEO, Chairman of Torrey Pines Bank, CEO of Western Alliance Bank and Director of Western Alliance Bank
Miles Pondelik, Director Development
Sonny Sonnenstein, Chief Officer
Timothy Bruckner, Chief Banking
Don Garner, Executive Vice President - Arizona Administration; CFO of Alliance Bank of Arizona
Randall Theisen, Executive Vice President General Counsel, Assistant Secretary
Barbara Kennedy, Chief Human Resource Officer, Executive Vice President
Sung Sohn, Independent Director
Howard Gould, Independent Director
Michael Patriarca, Independent Director
Dale Gibbons, CFO, Executive VP, CFO of Western Alliance Bank and Executive VP of Western Alliance Bank
Robert McAuslan, Executive Vice President Chief Credit Officer
Tim Bruckner, Chief Credit Officer

Western Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Western Alliance a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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When determining whether Western Alliance Ban is a strong investment it is important to analyze Western Alliance's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Western Alliance's future performance. For an informed investment choice regarding Western Stock, refer to the following important reports:
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Western Alliance Bancorporation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Western Alliance. If investors know Western will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Western Alliance listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.09)
Dividend Share
1.48
Earnings Share
6.64
Revenue Per Share
26.821
Quarterly Revenue Growth
0.121
The market value of Western Alliance Ban is measured differently than its book value, which is the value of Western that is recorded on the company's balance sheet. Investors also form their own opinion of Western Alliance's value that differs from its market value or its book value, called intrinsic value, which is Western Alliance's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Western Alliance's market value can be influenced by many factors that don't directly affect Western Alliance's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Western Alliance's value and its price as these two are different measures arrived at by different means. Investors typically determine if Western Alliance is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Western Alliance's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.