Company: WAL-PA
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001212545-25-000214
Chunk: 11

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 2
Chunk 11
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655 $56,019 Common equity tier 1 ratio11.2 %11.3 %Common equity tier 1$6,568 $6,311 Plus: Preferred stock, trust preferred securities, and noncontrolling interest669 376 Tier 1 capital$7,237 $6,687 Divided by: Tangible average assets$86,368 $82,691 Tier 1 leverage ratio8.4 %8.1 %Total capital:Tier 1 capital$7,237 $6,687 Plus:Subordinated debt595 819 Adjusted allowances for credit losses445 416 Tier 2 capital$1,040 $1,235 Total capital$8,277 $7,922 Total capital ratio14.1 %14.1 %Classified assets to tier 1 capital plus allowance:Classified assets$1,261 $1,009 Divided by: Tier 1 capital7,237 6,687 Plus: Adjusted allowances for credit losses445 416 Total Tier 1 capital plus adjusted allowances for credit losses$7,682 $7,103 Classified assets to tier 1 capital plus allowance16.4 %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 June 30,20252024Average BalanceInterestAverage Yield / CostAverageBalanceInterestAverage Yield / Cost(dollars in millions)Interest earning assetsLoans HFS$4,859 $74.0 6.11 %$2,860 $43.0 6.05 %Loans HFI:Commercial and industrial24,094 392.1 6.58 19,913 370.1 7.54 CRE - non-owner occupied10,253 181.9 7.12 9,680 185.0 7.69 CRE - owner occupied1,788 26.7 6.11 1,865 28.5 6.24 Construction and land development4,290 88.7 8.