Company: WAL-PA
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001628280-25-047883
Chunk: 282

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 8
Chunk 282
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12.8 11.9 Return on average tangible common equity (1)15.6 13.8 14.7 13.8 Net interest margin3.53 3.61 3.51 3.61 

(1) See Non-GAAP Financial Measures section beginning on page 64.

September 30, 2025December 31, 2024(in millions)Total assets$90,970 $80,934 Loans HFS3,502 2,286 Loans HFI, net of deferred fees and costs56,646 53,676 Investment securities, net of allowance for credit losses18,841 15,095 Total deposits77,247 66,341 Other borrowings3,862 5,573 Qualifying debt681 899 Total equity7,690 6,707 Tangible common equity, net of tax (1)6,453 5,755 

(1) See Non-GAAP Financial Measures section beginning on page 64.

Asset Quality

For all banks and bank holding companies, asset quality plays a significant role in the overall financial condition of the institution and results of operations. The Company measures asset quality in terms of nonaccrual loans as a percentage of gross loans and net charge-offs as a percentage of average loans. Net charge-offs are calculated as the difference between charged-off loans and recovery payments received on previously charged-off loans. The following table summarizes the Company's key asset quality metrics for loans HFI: 

September 30, 2025December 31, 2024(dollars in millions)Nonaccrual loans$522 $476 Repossessed assets130 52 Non-performing assets809 656 Nonaccrual loans to funded loans0.92 %0.89 %Nonaccrual and repossessed assets to total assets0.72 0.65 Allowance for loan losses to funded loans0.78 0.70 Allowance for credit losses to funded loans0.85 0.77 Allowance for loan losses to nonaccrual loans84 79 Allowance for credit losses to nonaccrual loans92 87 Net charge-offs to average loans outstanding (1)0.22 0.18 

(1)Annualized on an actual/actual basis for the three months ended September 30, 2025. Actual