Company: WAL-PA
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001212545-25-000141
Chunk: 10

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 2
Chunk 10
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ified assets$1,195 $1,009 Divided by: Tier 1 capital7,094 6,687 Plus: Adjusted allowances for credit losses435 416 Total Tier 1 capital plus adjusted allowances for credit losses$7,529 $7,103 Classified assets to tier 1 capital plus allowance15.9 %14.2 %

64

Net Interest Margin

The net interest margin is reported on a TEB. A tax equivalent adjustment is added to reflect interest earned on certain securities and loans that are exempt from federal and state income tax. The following tables set forth the average balances, interest income, interest expense, and average yield (on a fully TEB) for the periods indicated:

Three Months Ended March 31,20252024Average BalanceInterestAverage Yield / CostAverageBalanceInterestAverage Yield / Cost(dollars in millions)Interest earning assetsLoans HFS$4,300 $66.6 6.28 %$2,416 $39.1 6.51 %Loans HFI:Commercial and industrial22,831 365.8 6.56 18,745 345.7 7.48 CRE - non-owner occupied10,011 175.1 7.10 9,468 185.1 7.87 CRE - owner occupied1,880 28.7 6.30 1,808 26.8 6.06 Construction and land development4,407 91.8 8.45 4,922 117.1 9.57 Residential real estate14,346 152.2 4.30 14,722 157.0 4.29 Consumer46 0.8 6.69 61 1.1 7.28 Total loans HFI (1), (2), (3)53,521 814.4 6.20 49,726 832.8 6.77 Investment securities:Taxable13,020 143.5 4.47 10,717 121.1 4.54 Tax-exempt2,255 24.5 5.52 2,205 22.9 5.24 Total investment securities (1)15,275 168.0 4.63 12,922 144.0 4.66 Cash and