Company: WAL-PA
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001212545-25-000214
Chunk: 135

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 135
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-GAAP Financial Measures section beginning on page 64.

61

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 June 30,Six Months Ended June 30,2025202420252024(in millions, except per share amounts)Net income$237.8 $193.6 $436.9 $371.0 Net income available to common stockholders227.2 190.4 423.1 364.6 Earnings per share - basic2.08 1.75 3.89 3.36 Earnings per share - diluted2.07 1.75 3.86 3.34 Return on average assets1.10 %0.99 %1.04 %0.99 %Return on average equity13.0 12.3 12.4 11.9 Return on average tangible common equity (1)14.9 14.3 14.2 13.8 Net interest margin3.53 3.63 3.50 3.61 

(1) See Non-GAAP Financial Measures section beginning on page 64.

June 30, 2025December 31, 2024(in millions)Total assets$86,725 $80,934 Loans HFS3,022 2,286 Loans HFI, net of deferred fees and costs55,939 53,676 Investment securities, net of allowance for credit losses18,601 15,095 Total deposits71,107 66,341 Other borrowings6,052 5,573 Qualifying debt678 899 Total equity7,407 6,707 Tangible common equity, net of tax (1)6,168 5,755 

(1) See Non-GAAP Financial Measures section beginning on page 64.

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