Company: WAL-PA
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001628280-25-047883
Chunk: 10

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 2
Chunk 10
---
 by goodwill and intangible assets and preferred stock. Management believes tangible common equity financial measures are useful in evaluating the Company's capital strength, financial condition, and ability to manage potential losses.

September 30, 2025December 31, 2024(dollars and shares in millions)Total equity$7,690 $6,707 Less:Preferred stock295 295 Noncontrolling interest in subsidiary293 — Total common stockholders' equity7,102 6,412 Less: goodwill and intangible assets, net651 659 Total tangible common stockholders' equity6,451 5,753 Plus: deferred tax - attributed to intangible assets2 2 Total tangible common equity, net of tax$6,453 $5,755 Total assets$90,970 $80,934 Less: goodwill and intangible assets, net651 659 Tangible assets90,319 80,275 Plus: deferred tax - attributed to intangible assets2 2 Total tangible assets, net of tax$90,321 $80,277 Tangible common equity ratio7.1 %7.2 %Common shares outstanding110.2 110.1 Book value per common share$64.45 $58.24 Tangible book value per common share, net of tax58.56 52.27 

Three Months Ended September 30,Nine Months Ended September 30,2025202420252024(dollars in millions)Net income available to common stockholders$250.2 $196.6 $673.3 $561.2 Divided by:Average equity$7,607 $6,632 $7,289 $6,384 Less:Average goodwill and intangible assets652 663 655 665 Average preferred stock295 295 295 295 Average noncontrolling interest in subsidiary293 — 202 — Average tangible common equity$6,367 $5,674 $6,137 $5,424 Return on average tangible common equity15.6 %13.8 %14.7 %13.8 %

65

Regulatory Capital

The following table presents certain financial measures related to regulatory capital under Basel III, which includes CET1 and total capital. The FRB and other banking regulators use CET1 and total capital as a basis for assessing a bank's