Company: WAL-PA
Filing Date: 2025-04-23
Form Type: DEF 14A
Source: 0000950170-25-057334
Chunk: 33

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-04-23
Form: DEF 14A
Chunk 33
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 with those of our stockholders (details on page48).

In addition to the changes above, we believe in aligning our executive compensation with the interests of our stockholders by using a compensation mix of both fixed and variable components, and by delivering value to executives that reward performance. This includes a fixed base salary with benefits and limited executive perquisites and variable components such as our annual bonus plan and long-term equity incentive compensation.

Compensation with Metrics that Drive Stockholder Value

| 2025 PROXY STATEMENT | 39 |

| EXECUTIVE COMPENSATION |

Overview of 2024 P erformance and Compensation The Compensation Committee and the Board established 2024 executive compensation targets to adequately reward management for successfully navigating the Company through the stress on regional banks during 2023, retain executive leadership and reflect the durability of the Company's business model. The Company continues to focus on linking executive pay to performance metrics that benefit stockholders. A significant portion of total direct compensation depends on the Company achieving challenging performance targets established in its annual bonus and equity incentive plans.

| 2024 PERFORMANCE |

| Financial Performance | ·  · ·                                                                                                                                        | Net income available to common stockholders of $774.9 million in 2024, compared to $709.6 million in 2023. Diluted earnings per share of $7.09 for 2024, compared to $6.54 for 2023. Pre-Provision Net Revenue* increased by $140.9 million to $1,137.1 million in 2024, compared to $996.2 million in 2023. |
| ·                     | Tangible common equity ratio* of 7.2% in 2024, compared to 7.3% in 2023.                                                                      |                                                                                                                                                                                                                                                                                                              |
| ·                     | Return on average assets of 0.99% and return on tangible common equity* of 14.0% in 2024, compared to 1.03% and 14.9%, respectively, in 2023. |                                                                                                                                                                                                                                                                                                              |
| Balance Sheet Growth  | ·  ·                                                                                                                                          | Total loans held for investment increased to $53.7 billion in 2024, up $3.4 billion from 2023.** Increase in total deposits of $11.0 billion to $66.3 billion in 2024, from $55.3 billion in 2023.                                                                                                           |
| Asset Quality         | ·  ·                                                                                                                                          | Net loan charge