SouthState Bank (SSB) vs Western Alliance Bancorporation (WAL)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 7, 2026.
Summary
SouthState Bank (SSB) has outperformed Western Alliance Bancorporation (WAL) over the past year, losing 1.0% versus a loss of 13.5%. Over five years, SSB leads with a +27.8% price change compared with -35.0% for WAL. SouthState Bank is the larger company by market cap ($9.59 billion vs $8.11 billion), about 1.2 times the size, while Western Alliance Bancorporation is growing revenue faster (+99.7% vs +56.1%).
On valuation, Western Alliance Bancorporation trades at a lower forward P/E (6.7x vs 9.5x for SouthState Bank). SouthState Bank offers the higher dividend yield (2.43% vs 2.21%). Western Alliance Bancorporation converts more of its revenue into profit, with a net margin of 713.5% versus 29.8%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | SSB | WAL |
|---|---|---|
| Share price | $98.91 | $74.35 |
| Market cap | $9.59B | $8.11B |
| 1-day change | -2.02% | -2.29% |
| YTD return | +5.22% | -11.56% |
| 1-year return | -0.98% | -13.55% |
| 5-year return | +27.76% | -35.00% |
| P/E ratio (TTM) | 10.39 | 8.39 |
| Forward P/E | 9.52 | 6.67 |
| EPS (TTM) | $9.52 | $8.86 |
| Dividend yield | 2.43% | 2.21% |
| Annual dividend | $2.40 | $1.64 |
| Revenue (latest FY) | $2.68B | $135.80M |
| Revenue growth (YoY) | +56.08% | +99.71% |
| Net income (latest FY) | $798.67M | $969.00M |
| Net margin | 29.79% | 713.55% |
| 52-week high | $112.20 | $97.23 |
| 52-week low | $84.48 | $65.82 |
| Distance from 52-week high | -11.84% | -23.53% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +20.31% | +23.40% |
| Average volume | 755.99K | 1.06M |
| Shares outstanding | 96.97M | 109.10M |
| Employees | 6,431 | 3,769 |
| Sector | Finance | Finance |
| Industry | Major Banks | Major Banks |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- SSB has outperformed WAL by 12.6 percentage points over the past year.
- Western Alliance Bancorporation is more profitable, keeping 713.5 cents of every revenue dollar as net income versus 29.8 cents for SouthState Bank.
- Western Alliance Bancorporation grew revenue faster in its latest fiscal year (+99.71% vs +56.08%).
About SouthState Bank
SSB stock →SouthState Bank Corporation operates as the bank holding company for SouthState Bank, National Association that provides a range of banking services and products to individuals and companies in the United States. The company offers checking accounts, savings accounts, money market accounts, and time deposit accounts; interest-bearing deposits, certificates of deposits, and other time deposits; and interest-bearing transaction accounts.
Finance · Major Banks · 6,431 employees
About Western Alliance Bancorporation
WAL stock →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. It operates through Commercial and Consumer Related segments.
Finance · Major Banks · 3,769 employees
SSB vs WAL FAQ
Which is bigger, SouthState Bank or Western Alliance Bancorporation?
SouthState Bank (SSB) is larger, with a market capitalization of $9.59B compared with $8.11B for Western Alliance Bancorporation (WAL).
Which stock has performed better over the past year, SSB or WAL?
SSB returned -0.98% over the past 12 months, compared with -13.55% for WAL (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, SSB or WAL?
WAL has the lower trailing P/E at 8.4, versus 10.4 for SSB. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, SouthState Bank or Western Alliance Bancorporation?
SouthState Bank has the higher yield at 2.43%, compared with 2.21% for Western Alliance Bancorporation.
Are SouthState Bank and Western Alliance Bancorporation in the same industry?
Yes. Both are classified in the Major Banks industry within the Finance sector.