Company: WAL-PA
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001628280-25-047883
Chunk: 141

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 1
Chunk 141
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1.0 154.1 161.0 (6.9)Net income260.5 199.8 60.7 697.4 570.8 126.6 Net income attributable to noncontrolling interest7.1 — 7.1 14.5 — 14.5 Net income attributable to Western Alliance253.4 199.8 53.6 682.9 570.8 112.1 Dividends on preferred stock3.2 3.2 — 9.6 9.6 — Net income available to common stockholders$250.2 $196.6 $53.6 $673.3 $561.2 $112.1 Earnings per share:Basic$2.30 $1.81 $0.49 $6.18 $5.17 $1.01 Diluted2.28 1.80 0.48 6.14 5.14 1.00 

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Non-GAAP Financial Measures

The following discussion and analysis contains financial information determined by methods other than those prescribed by GAAP. The Company's management uses these non-GAAP financial measures in their analysis of the Company's performance. Management believes presentation of these non-GAAP financial measures provides useful supplemental information that is essential to a complete understanding of the operating results of the Company. Since the presentation of these non-GAAP performance measures and their impact differ between companies, these non-GAAP disclosures should not be viewed as a substitute for operating results determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other companies. 

Pre-Provision Net Revenue

Banking regulations define PPNR as the sum of net interest income and non-interest income less expenses before adjusting for loss provisions. Management believes this is an important metric as it illustrates the underlying performance of the Company, enables investors and others to assess the Company's ability to generate capital to cover credit losses through the credit cycle, and provides consistent reporting with a key metric used by bank regulatory agencies. 

The following table shows the components used in the calculation of PPNR:

Three Months Ended September 30,Nine Months Ended September 30,2025202420252024(in millions)Net interest income$750.4 $696.9 $2,098.6 $1,952.