Company: WAL-PA
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001212545-25-000141
Chunk: 116

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 116
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 Company’s overall comparative performance for the three months ended March 31, 2025.

1 See Non-GAAP Financial Measures section beginning on page 62. 

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As a bank holding company, management focuses on key ratios in evaluating the Company's financial condition and results of operations.

Results of Operations and Financial Condition

A summary of the Company's results of operations, financial condition, and selected metrics are included in the following tables: 

Three Months Ended March 31,20252024(in millions, except per share amounts)Net income$199.1 $177.4 Net income available to common stockholders195.9 174.2 Earnings per share - basic1.80 1.61 Earnings per share - diluted1.79 1.60 Return on average assets0.97 %0.98 %Return on average equity11.7 11.5 Return on average tangible common equity (1)13.4 13.4 Net interest margin3.47 3.60 

(1) See Non-GAAP Financial Measures section beginning on page 62. 

March 31, 2025December 31, 2024(in millions)Total assets$83,043 $80,934 Loans HFS3,238 2,286 Loans HFI, net of deferred fees and costs54,761 53,676 Investment securities, net of allowance for credit losses15,868 15,095 Total deposits69,322 66,341 Other borrowings4,151 5,573 Qualifying debt898 899 Total equity7,215 6,707 Tangible common equity, net of tax (1)5,973 5,755 

(1) See Non-GAAP Financial Measures section beginning on page 62.

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: 

March 31, 2025December 31, 2024(dollars in millions)Nonaccrual loans