Company: WAL-PA
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001628280-25-047883
Chunk: 138

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 1
Chunk 138
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 quarter 2025, compared to 64.5% in the third quarter 20241

The impact to the Company from these items, and others of both a positive and negative nature, are discussed in more detail below as they pertain to the Company’s overall comparative performance for the three and nine months ended September 30, 2025.

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

61

Results of Operations and Financial Condition

As a bank holding company, management focuses on key ratios in evaluating the Company's financial condition and results of operations.

A summary of the Company's results of operations, financial condition, and selected metrics are included in the following tables: 

Three Months Ended September 30,Nine Months Ended September 30,2025202420252024(in millions, except per share amounts)Net income$260.5 $199.8 $697.4 $570.8 Net income available to common stockholders250.2 196.6 673.3 561.2 Earnings per share - basic2.30 1.81 6.18 5.17 Earnings per share - diluted2.28 1.80 6.14 5.14 Return on average assets1.13 %0.96 %1.07 %0.98 %Return on average equity13.6 12.0 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