Company: WAL-PA
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001212545-25-000090
Chunk: 70

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-02-25
Form: 10-K
Item: Item 1A
Chunk 70
---
 Exchange constantly changes. There can be no assurances about the market price for our common stock. Stock price volatility may make it more difficult for you to resell your common stock or depositary shares when you want and at prices you find attractive.

Our stock price may fluctuate as a result of a variety of factors many of which are beyond our control and unrelated to our financial performance. Factors that may cause fluctuations in our stock price include:

•actual or anticipated changes in the political climate or public policy;

•volatility and economic disruption in the banking industry, such as that experienced in 2023, or the economy more broadly;

•changes in national and global financial markets and economies and general market conditions, such as interest or foreign exchange rates, inflation, stock, commodity or real estate valuations or volatility and other global, geopolitical, regulatory or judicial events that effect the financial markets and economy including pandemics, terrorism and war, including the military conflicts in Ukraine and the Middle East; 

•sales of our equity securities;

•our financial condition, performance, creditworthiness, and prospects;

•quarterly variations in our operating results or the quality of our assets;

•operating results that vary from the expectations of management, securities analysts, and investors;

•changes in expectations as to our future financial performance;

•announcements of strategic developments, acquisitions, and other material events by us or our competitors;

•the operating and securities price performance of other companies that investors believe are comparable to us;

•the credit, mortgage, and housing markets, the markets for securities relating to mortgages or housing, and developments with respect to financial institutions generally;

•changes in interest rates and the slope of the yield curve;

•events affecting the financial services industry generally or financial institutions similar to us or that may be viewed as similar to us; and

•our past and future dividend and share repurchase practices.

Moreover, in the past, securities class action lawsuits have been instituted against some companies following periods of volatility in the market price of its securities. We could in the future be the target of similar litigation. Securities litigation could result in substantial costs and divert management’s attention and resources from our normal business.

There may be future sales or other dilution of our equity, which may adversely affect the market price of our common stock or depositary shares representing preferred stock.

We are not restricted from issuing additional common stock or preferred stock, including any securities that are convertible into or exchangeable for, or that represent the right to receive, common stock. We also grant a significant