Company: WAL-PA
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001628280-25-047883
Chunk: 137

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 1
Chunk 137
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 homeowner's association sector, and digital payment services for the class action legal industry.

Financial Results Highlights for the Third Quarter of 2025 

•Net income available to common stockholders of $250.2 million and diluted earnings per share of $2.28, compared to $196.6 million and $1.80 per share, respectively, for the third quarter 2024 

•Net revenue of $938.2 million, compared to $823.1 million for the third quarter 2024, with non-interest expense of $544.4 million, compared to $537.4 million for the third quarter 2024

•PPNR of $393.8 million, up 37.8% from $285.7 million in the third quarter 20241

•Total loans HFI of $56.6 billion, up $3.0 billion, or 5.5%, from December 31, 2024 

•Total deposits of $77.2 billion, up $10.9 billion, or 16.4%, from December 31, 2024 

•Total equity of $7.7 billion, an increase of $983 million, or 14.7%, from December 31, 2024

•Nonperforming loans to funded HFI loans increased to 0.92%, compared to 0.89% at December 31, 2024

•Nonperforming assets (nonaccrual loans and repossessed assets) increased to 0.72% of total assets, compared to 0.65% at December 31, 2024 

•Annualized net loan charge-offs to average loans outstanding of 0.22%, compared to 0.20% for the third quarter 2024

•Net interest margin of 3.53%, decreased from 3.61% in the third quarter 2024

•Tangible common equity ratio of 7.1%, compared to 7.2% at December 31, 20241 

•Book value per common share of $64.45, an increase of 10.7% from $58.24 at December 31, 2024 

•Tangible book value per share, net of tax, of $58.56, an increase of $6.29, or 12.0%, from $52.27 at December 31, 20241

•Efficiency ratio of 57.4% in the third