Company: WAL-PA
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001212545-25-000214
Chunk: 3

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 2
Chunk 3
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 million, respectively, which primarily related to office properties. As the Company is focused on moving nonperforming loans through its standard credit resolution process, the Company took possession of five CRE office properties during the three and six months ended June 30, 2025, which drove the net $166 million increase in other assets acquired through foreclosure from December 31, 2024. While the Company believes its reserve levels are adequate, CRE market conditions may worsen, which could result in further deterioration of asset quality in this portfolio. 

Financial Overview and Highlights

WAL is a bank holding company headquartered in Phoenix, Arizona, incorporated under the laws of the state of Delaware. WAL provides a full spectrum of customized loan, deposit and treasury management capabilities, including funds transfer and other digital payment offerings, through its wholly-owned banking subsidiary, WAB, together with its banking divisions: ABA, BON, FIB, Bridge, and TPB. 

The Company also provides an array of specialized financial services across the country, including mortgage banking services through AmeriHome, treasury management services to the homeowner's association sector, and digital payment services for the class action legal industry.

Financial Results Highlights for the Second Quarter of 2025 

•Net income available to common stockholders of $227.2 million and diluted earnings per share of $2.07, compared to $190.4 million and $1.75 per share, respectively, for the second quarter 2024 

•Net revenue of $845.9 million, compared to $771.8 million for the second quarter 2024, with non-interest expense of $514.7 million, compared to $486.8 million for the second quarter 2024

•PPNR of $331.2 million, up 16.2% from $285.0 million in the second quarter 20241

•Total loans HFI of $55.9 billion, up $2.3 billion, or 4.2%, from December 31, 2024 

•Total deposits of $71.1 billion, up $4.8 billion, or 7.2%, from December 31, 2024 

•Total equity of $7.4 billion, an increase of $700 million, or 10.4%, from December 31, 2024

•Nonperforming loans to funded HFI loans decreased to 0.76%, compared to 0.89% at December 31, 2024

•Nonperform