Company: WAL-PA
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001212545-25-000141
Chunk: 42

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 42
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loss) on sales of investment securities2.1 (0.9)Fair value gain adjustments, net1.0 0.3 (Loss) income from equity investments(4.8)17.1 Other income9.2 4.3 Total non-interest income127.4 129.9 Non-interest expense:Salaries and employee benefits182.4 154.9 Deposit costs136.8 137.0 Data processing45.2 36.0 Insurance37.9 58.9 Legal, professional, and directors' fees28.9 30.1 Occupancy17.2 17.5 Loan servicing expenses16.4 15.0 Business development and marketing5.9 5.5 Loan acquisition and origination expenses5.2 4.8 Other expense24.5 22.1 Total non-interest expense500.4 481.8 Income before provision for income taxes246.4 231.8 Income tax expense47.3 54.4 Net income199.1 177.4 Dividends on preferred stock3.2 3.2 Net income available to common stockholders$195.9 $174.2 Earnings per share:Basic$1.80 $1.61 Diluted1.79 1.60 Weighted average number of common shares outstanding:Basic108.8 108.5 Diluted109.6 109.0 Dividends declared per common share$0.38 $0.37 

See accompanying Notes to Unaudited Consolidated Financial Statements.

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Table of Contents

WESTERN ALLIANCE BANCORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

Three Months Ended March 31,20252024(in millions)Net income$199.1 $177.4 Other comprehensive income (loss), net:Unrealized gain (loss) on AFS securities, net of tax effect of $(19.4) and $14.8 respectively55.7 (44.9)Unrealized gain (loss) on junior subordinated debt, net of tax effect of $(0.4) and $0.2 respectively1.1 (0.5)Realized (gain) loss on sale of AFS securities included in income,