Company: WAL-PA
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001628280-25-047883
Chunk: 280

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 8
Chunk 280
---
 the Bank holds both a limited guaranty and full guaranty from two ultra-high net worth individuals. Despite the collateral coverage and guaranties, the Bank moved the $98.5 million facility to nonaccrual status and established a specific allowance of $29.6 million for this loan as of September 30, 2025. 

60

Financial Overview and Highlights

WAL is a bank holding company headquartered in Phoenix, Arizona, incorporated under the laws of the state of Delaware. WAL provides a full spectrum of customized loan, deposit and treasury management capabilities, including funds transfer and other digital payment offerings, through its wholly-owned banking subsidiary, WAB. Effective as of October 4, 2025, the Company completed its brand unity initiative, consolidating its legacy division bank brands, ABA, BON, FIB, Bridge, and TPB, under a single unified name, Western Alliance Bank.

The Company also provides an array of specialized financial services across the country, including mortgage banking services through AmeriHome, treasury management services to the homeowner's association sector, and digital payment services for the class action legal industry.

Financial Results Highlights for the Third Quarter of 2025 

•Net income available to common stockholders of $250.2 million and diluted earnings per share of $2.28, compared to $196.6 million and $1.80 per share, respectively, for the third quarter 2024 

•Net revenue of $938.2 million, compared to $823.1 million for the third quarter 2024, with non-interest expense of $544.4 million, compared to $537.4 million for the third quarter 2024

•PPNR of $393.8 million, up 37.8% from $285.7 million in the third quarter 20241

•Total loans HFI of $56.6 billion, up $3.0 billion, or 5.5%, from December 31, 2024 

•Total deposits of $77.2 billion, up $10.9 billion, or 16.4%, from December 31, 2024 

•Total equity of $7.7 billion, an increase of $983 million, or 14.7%, from December 31, 2024

•Nonperforming loans to funded HFI loans increased to 0.92%, compared to 0.89% at December 31, 2024

•Nonperforming assets (