Company: WAL-PA
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001212545-25-000214
Chunk: 273

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 8
Chunk 273
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 million, or 10.4%, from December 31, 2024

•Nonperforming loans to funded HFI loans decreased to 0.76%, compared to 0.89% at December 31, 2024

•Nonperforming assets (nonaccrual loans and repossessed assets) increased to 0.74% of total assets, compared to 0.65% at December 31, 2024 

•Annualized net loan charge-offs to average loans outstanding of 0.22%, compared to 0.18% for the second quarter 2024

•Net interest margin of 3.53%, decreased from 3.63% in the second quarter 2024

•Tangible common equity ratio of 7.2%, flat from December 31, 20241 

•Book value per common share of $61.77, an increase of 6.1% from $58.24 at December 31, 2024 

•Tangible book value per share, net of tax, of $55.87, an increase of $3.60, or 6.9%, from $52.27 at December 31, 20241

•Efficiency ratio of 60.1% in the second quarter 2025, compared to 62.3% in the second quarter 20241

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 three and six months ended June 30, 2025.

1   See Non-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.