Company: WAL-PA
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001212545-25-000214
Chunk: 279

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 8
Chunk 279
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.2 %7.2 %Common shares outstanding110.4 110.1 Book value per common share$61.77 $58.24 Tangible book value per common share, net of tax55.87 52.27 

Three Months Ended June 30,Six Months Ended June 30,2025202420252024(dollars in millions)Net income available to common stockholders$227.2 $190.4 $423.1 $364.6 Divided by:Average stockholders' equity$7,355 $6,330 $7,128 $6,257 Less:Average goodwill and intangible assets655 666 656 667 Average preferred stock295 295 295 295 Average noncontrolling interest in subsidiary293 — 155 — Average tangible common equity$6,112 $5,369 $6,022 $5,295 Return on average tangible common equity14.9 %14.3 %14.2 %13.8 %

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Regulatory Capital

The following table presents certain financial measures related to regulatory capital under Basel III, which includes CET1 and total capital. The FRB and other banking regulators use CET1 and total capital as a basis for assessing a bank's capital adequacy; therefore, management believes it is useful to assess financial condition and capital adequacy using this same basis. Specifically, the CET1, tier 1 capital, and total capital ratios take into consideration the risk levels of assets and off-balance sheet financial instruments. In addition, management believes that the classified assets to CET1 plus allowance measure is an important regulatory metric for assessing asset quality. 

As permitted by the regulatory capital rules, the Company elected the CECL transition option that delayed the estimated impact on regulatory capital resulting from the adoption of CECL over a five-year transition period that ended December 31, 2024. Accordingly, capital ratios and amounts for 2024 included a 25% capital benefit that resulted from the increased ACL related to the adoption of ASC 326. This capital benefit was fully phased out beginning in 2025. 

June 30, 2025December 31, 2024(dollars in millions)Common equity tier 1:Common equity$6,819 $6,425 Less:Non-qualifying goodwill and intangibles637 644 Disallowed deferred tax asset96