Company: WAL-PA
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001212545-25-000214
Chunk: 248

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 8
Chunk 248
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 by the U.S. Treasury or government-sponsored enterprises (FNMA and FHLMC), or guaranteed by GNMA. At June 30, 2025, December 31, 2024, and June 30, 2024 collateral pledged by the Company to counterparties for its derivatives totaled $399 million, $117 million, and $130 million, respectively. 

13. EARNINGS PER SHARE Diluted EPS is calculated using the weighted average outstanding common shares during the period, including common stock equivalents. Basic EPS is calculated using the weighted average outstanding common shares during the period.The following table presents the calculation of basic and diluted EPS:  Three Months Ended June 30,Six Months Ended June 30, 2025202420252024 (in millions, except per share amounts)Weighted average shares - basic109.0 108.6 108.9 108.6 Dilutive effect of stock awards0.6 0.5 0.7 0.5 Weighted average shares - diluted109.6 109.1 109.6 109.1 Net income available to common stockholders$227.2 $190.4 $423.1 $364.6 Earnings per Common Share:Basic$2.08 $1.75 $3.89 $3.36 Diluted2.07 1.75 3.86 3.34 

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14. INCOME TAXES The Company's effective tax rate was 18.4% and 21.9% for the three months ended June 30, 2025 and 2024, respectively, and 18.8% and 22.7% for the six months ended June 30, 2025 and 2024, respectively. The decrease in the effective tax rate for the three and six month periods ended June 30, 2025 compared to the same periods in 2024 was primarily due to an increase in investment tax credit benefits and decreases in the state blended tax rate and nondeductible insurance premiums.As of June 30, 2025, the net DTA balance totaled $313 million, an increase of $32 million from $281 million at December 31, 2024. The overall increase in the net DTA was primarily the result of an increase in credit carryovers, partially offset by increases in the MSR DTL and the