Company: WAL-PA
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001212545-25-000090
Chunk: 84

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-02-25
Form: 10-K
Item: Item 7
Chunk 84
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 ratio1 of 63.2% in 2024, compared to 61.1% in 2023

The impact to the Company from these items, and others of both a positive and negative nature, are discussed in more detail below as they pertain to the Company’s overall comparative performance for the year ended December 31, 2024.

1 See Non-GAAP Financial Measures section beginning on page 38. 

35

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: 

Year Ended December 31,202420232022(dollars in millions, except per share amounts)Net income$787.7 $722.4 $1,057.3 Net income available to common stockholders774.9 709.6 1,044.5 Earnings per share - basic7.14 6.55 9.74 Earnings per share - diluted7.09 6.54 9.70 Return on average assets0.99 %1.03 %1.62 %Return on average equity12.2 12.6 20.7 Return on average tangible common equity (1)14.0 14.9 25.4 Net interest margin3.58 3.63 3.67 

(1) See Non-GAAP Financial Measures section beginning on page 38. 

December 31,20242023(in millions)Total assets$80,934 $70,862 Loans HFS2,286 1,402 Loans HFI, net of deferred fees and costs53,676 50,297 Investment securities, net of allowance for credit losses15,095 12,712 Total deposits66,341 55,333 Other borrowings5,573 7,230 Qualifying debt899 895 Stockholders' equity6,707 6,078 Tangible common equity, net of tax15,755 5,116 

(1) See Non-GAAP Financial Measures section beginning on page 38. 

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