Company: WAL-PA
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001628280-25-047883
Chunk: 12

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 2
Chunk 12
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 416 Total Tier 1 capital plus adjusted allowances for credit losses$7,900 $7,103 Classified assets to tier 1 capital plus allowance14.3 %14.2 %

66

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:

Three Months Ended September 30,20252024Average BalanceInterestAverage Yield / CostAverageBalanceInterestAverage Yield / Cost(dollars in millions)Interest earning assetsLoans HFS$5,009 $77.1 6.11 %$4,288 $66.9 6.21 %Loans HFI:Commercial and industrial25,216 410.9 6.51 21,982 392.0 7.15 CRE - non-owner occupied10,473 190.8 7.23 9,689 190.4 7.83 CRE - owner occupied1,688 25.2 6.05 1,833 28.2 6.23 Construction and land development4,233 88.8 8.32 4,757 110.7 9.26 Residential real estate14,557 155.1 4.23 14,441 156.1 4.30 Consumer24 0.4 7.43 53 1.0 7.15 Total loans HFI (1), (2), (3)56,191 871.2 6.18 52,755 878.4 6.65 Investment securities:Taxable17,794 208.2 4.64 14,321 173.4 4.82 Tax-exempt2,193 23.5 5.32 2,225 23.7 5.33 Total investment securities (1)19,987 231.7 4.72 16,546 197.1 4.89 Cash and other4,147 45.5 4.35 4,206 57.6 5.44 Total interest earning assets85,334 1,225.