Company: WAL-PA
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001628280-25-047883
Chunk: 286

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 8
Chunk 286
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.3 329.4 1,100.2 987.3 Divided by:Total net interest income750.4 696.9 2,098.6 1,952.4 Plus:Tax equivalent interest adjustment9.7 10.0 30.1 29.5 Total non-interest income187.8 126.2 463.5 371.3 Less: Deposit costs175.1 208.0 459.3 518.7 $772.8 $625.1 $2,132.9 $1,834.5 Efficiency ratio - tax equivalent basis 57.4 %64.5 %60.2 %64.0 %Efficiency ratio - tax equivalent basis, adjusted for deposit costs47.8 52.7 51.6 53.8 

64

Tangible Common Equity and Return on Average Tangible Common Equity

The following tables present financial measures related to tangible common equity. Tangible common equity represents total equity reduced by goodwill and intangible assets and preferred stock. Management believes tangible common equity financial measures are useful in evaluating the Company's capital strength, financial condition, and ability to manage potential losses.

September 30, 2025December 31, 2024(dollars and shares in millions)Total equity$7,690 $6,707 Less:Preferred stock295 295 Noncontrolling interest in subsidiary293 — Total common stockholders' equity7,102 6,412 Less: goodwill and intangible assets, net651 659 Total tangible common stockholders' equity6,451 5,753 Plus: deferred tax - attributed to intangible assets2 2 Total tangible common equity, net of tax$6,453 $5,755 Total assets$90,970 $80,934 Less: goodwill and intangible assets, net651 659 Tangible assets90,319 80,275 Plus: deferred tax - attributed to intangible assets2 2 Total tangible assets, net of tax$90,321 $80,277 Tangible common equity ratio7.1 %7.2 %Common shares outstanding110.2 110.1 Book value per common share$64.45 $58.24 Tangible book value per common share, net of tax58.56 52.27