Company: WAL-PA
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001628280-25-047883
Chunk: 281

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 8
Chunk 281
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nonaccrual loans and repossessed assets) increased to 0.72% 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 0.20% for the third quarter 2024

•Net interest margin of 3.53%, decreased from 3.61% in the third quarter 2024

•Tangible common equity ratio of 7.1%, compared to 7.2% at December 31, 20241 

•Book value per common share of $64.45, an increase of 10.7% from $58.24 at December 31, 2024 

•Tangible book value per share, net of tax, of $58.56, an increase of $6.29, or 12.0%, from $52.27 at December 31, 20241

•Efficiency ratio of 57.4% in the third quarter 2025, compared to 64.5% in the third 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 nine months ended September 30, 2025.

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

61

Results of Operations and Financial Condition

As a bank holding company, management focuses on key ratios in evaluating the Company's financial condition and results of operations.

A summary of the Company's results of operations, financial condition, and selected metrics are included in the following tables: 

Three Months Ended September 30,Nine Months Ended September 30,2025202420252024(in millions, except per share amounts)Net income$260.5 $199.8 $697.4 $570.8 Net income available to common stockholders250.2 196.6 673.3 561.2 Earnings per share - basic2.30 1.81 6.18 5.17 Earnings per share - diluted2.28 1.80 6.14 5.14 Return on average assets1.13 %0.96 %1.07 %0.98 %Return on average equity13.6 12.0