Company: WAL-PA
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001212545-25-000090
Chunk: 6

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-02-25
Form: 10-K
Item: Item 8
Chunk 6
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9 Income from equity investments38.2 15.7 17.8 Income from bank owned life insurance27.8 4.5 4.6 Gain (loss) on sales of investment securities17.4 (40.8)6.8 Fair value gain (loss) adjustments, net7.5 (116.0)(28.6)Other income28.5 20.5 39.6 Total non-interest income543.2 280.7 324.6 Non-interest expense:Salaries and employee benefits631.1 566.3 539.5 Deposit costs693.2 436.7 165.8 Insurance164.8 190.4 31.1 Data processing149.7 122.0 83.0 Legal, professional, and directors' fees109.4 107.2 99.9 Occupancy73.1 65.6 55.5 Loan servicing expenses68.1 58.8 55.5 Business development and marketing32.7 21.8 22.1 Loan acquisition and origination expenses21.5 20.4 23.1 Gain on extinguishment of debt— (52.7)— Other expense81.4 86.9 81.2 Total non-interest expense2,025.0 1,623.4 1,156.7 Income before provision for income taxes991.2 933.6 1,316.1 Income tax expense203.5 211.2 258.8 Net income787.7 722.4 1,057.3 Dividends on preferred stock12.8 12.8 12.8 Net income available to common stockholders$774.9 $709.6 $1,044.5 

Earnings per share:Basic$7.14 $6.55 $9.74 Diluted7.09 6.54 9.70 Weighted average number of common shares outstanding:Basic108.6 108.3 107.2 Diluted109.3 108.5 107.6 Dividends declared per common share$1.49 $1.45 $1.42 

See accompanying Notes to Consolidated Financial Statements.

79

WESTERN ALLIANCE B