Company: WAL-PA
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001212545-25-000214
Chunk: 5

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 2
Chunk 5
---
 11.9 Return on average tangible common equity (1)14.9 14.3 14.2 13.8 Net interest margin3.53 3.63 3.50 3.61 

(1) See Non-GAAP Financial Measures section beginning on page 64.

June 30, 2025December 31, 2024(in millions)Total assets$86,725 $80,934 Loans HFS3,022 2,286 Loans HFI, net of deferred fees and costs55,939 53,676 Investment securities, net of allowance for credit losses18,601 15,095 Total deposits71,107 66,341 Other borrowings6,052 5,573 Qualifying debt678 899 Total equity7,407 6,707 Tangible common equity, net of tax (1)6,168 5,755 

(1) See Non-GAAP Financial Measures section beginning on page 64.

Asset Quality

For all banks and bank holding companies, asset quality plays a significant role in the overall financial condition of the institution and results of operations. The Company measures asset quality in terms of nonaccrual loans as a percentage of gross loans and net charge-offs as a percentage of average loans. Net charge-offs are calculated as the difference between charged-off loans and recovery payments received on previously charged-off loans. The following table summarizes the Company's key asset quality metrics for loans HFI: 

June 30, 2025December 31, 2024(dollars in millions)Nonaccrual loans$427 $476 Repossessed assets218 52 Non-performing assets831 656 Nonaccrual loans to funded loans0.76 %0.89 %Nonaccrual and repossessed assets to total assets0.74 0.65 Allowance for loan losses to funded loans0.71 0.70 Allowance for credit losses to funded loans0.78 0.77 Allowance for loan losses to nonaccrual loans92 79 Allowance for credit losses to nonaccrual loans102 87 Net charge-offs to average loans outstanding (1)0.22 0.18 

(1)Annualized on an actual/actual basis for the three months ended June 30, 2025. Actual year-to-date