Company: WAL-PA
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001212545-25-000090
Chunk: 90

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-02-25
Form: 10-K
Item: Item 7
Chunk 90
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 Adjusted allowances for credit losses416 348 Total Tier 1 capital plus adjusted allowances for credit losses$7,103 $6,383 Classified assets to tier 1 capital plus allowance14.2 %10.5 %

40

Net Interest Margin

The net interest margin is reported on a TEB. A tax equivalent adjustment is added to reflect interest earned on certain securities and loans that are exempt from federal and state income tax. The following tables set forth the average balances, interest income, interest expense, and average yield (on a fully TEB) for the periods indicated:

Year Ended December 31,20242023Average BalanceInterestAverage Yield / CostAverageBalanceInterestAverage Yield / Cost(dollars in millions)Interest earning assetsLoans HFS$3,531 $216.4 6.13 %$3,347 $213.4 6.38 %Loans HFI:Commercial and industrial20,845 1,490.6 7.21 17,886 1,337.9 7.54 CRE - non-owner occupied9,681 744.7 7.70 9,736 734.8 7.56 CRE - owner occupied1,833 111.2 6.17 1,800 102.3 5.79 Construction and land development4,747 440.1 9.28 4,498 419.7 9.33 Residential real estate14,529 622.3 4.28 15,126 596.4 3.94 Consumer54 3.8 7.00 72 5.2 7.23 Total loans HFI (1), (2), (3)51,689 3,412.7 6.63 49,118 3,196.3 6.53 Investment securities:Taxable13,159 616.0 4.68 8,002 381.3 4.76 Tax-exempt2,230 95.0 5.34 2,097 86.2 5.15 Total investment securities (1)15,389 711.0 4.78 10,099 467.5 4.84 Cash and other3,656 201.0 5.50 2,848 158.1 5.