Company: WAL-PA
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001212545-25-000141
Chunk: 242

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 8
Chunk 242
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650.6 598.9 Plus:Tax equivalent interest adjustment10.2 9.6 Total non-interest income127.4 129.9 Less: Deposit costs136.8 137.0 $651.4 $601.4 Efficiency ratio - tax equivalent basis 63.5 %65.2 %Efficiency ratio - tax equivalent basis, adjusted for deposit costs55.8 57.3 

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Tangible Common Equity and Return on Average Tangible Common Equity

The following tables present financial measures related to tangible common equity. Tangible common equity represents total stockholders' equity reduced 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.

March 31, 2025December 31, 2024(dollars and shares in millions)Total stockholders' equity$7,215 $6,707 Less:Goodwill and intangible assets656 659 Preferred stock295 295 Noncontrolling interest in subsidiary293 — Total tangible common stockholders' equity5,971 5,753 Plus: deferred tax - attributed to intangible assets2 2 Total tangible common equity, net of tax$5,973 $5,755 Total assets$83,043 $80,934 Less: goodwill and intangible assets, net656 659 Tangible assets82,387 80,275 Plus: deferred tax - attributed to intangible assets2 2 Total tangible assets, net of tax$82,389 $80,277 Tangible common equity ratio7.2 %7.2 %Common shares outstanding110.4 110.1 Book value per common share$60.03 $58.24 Tangible book value per common share, net of tax54.10 52.27 

Three Months Ended March 31,20252024(dollars in millions)Net income available to common stockholders$195.9 $174.2 Divided by:Average stockholders' equity$6,899 $6,184 Less:Average goodwill and intangible assets658 668 Average preferred stock295 295 Average noncontrolling interest in subsidiary16 — Average tangible common equity$5,930 $5,221 Return on average tangible common equity