Company: WAL-PA
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001212545-25-000090
Chunk: 7

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-02-25
Form: 10-K
Item: Item 8
Chunk 7
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ANCORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

Year Ended December 31,202420232022(in millions)Net income$787.7 $722.4 $1,057.3 Other comprehensive income (loss), net:Unrealized (loss) gain on AFS securities, net of tax effect of $0.9, $(41.4), and $225.3, respectively(5.1)116.9 (674.9)Unrealized loss on SERP, net of tax effect of $0.0, $—, and $—, respectively(0.1)— — Unrealized (loss) gain on junior subordinated debt, net of tax effect of $0.5, $0.1, and $(1.2), respectively(1.4)(0.2)3.7 Realized (gain) loss on sale of AFS securities included in income, net of tax effect of $4.4, $(10.2), and $1.9, respectively(13.0)30.2 (5.5)Impairment of AFS securities included in income, net of tax effect of $0.4, $(0.4), and $— respectively(1.2)1.2 — Net other comprehensive (loss) income(20.8)148.1 (676.7)Comprehensive income$766.9 $870.5 $380.6 

See accompanying Notes to Consolidated Financial Statements.

80

WESTERN ALLIANCE BANCORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY

 Preferred StockCommon StockAdditional Paid in CapitalTreasury StockAccumulated Other Comprehensive Income (Loss)Retained EarningsTotal Stockholders’ Equity SharesAmountSharesAmount(in millions)Balance, December 31, 202112.0 $294.5 106.6 $— $1,966.2 $(86.8)$15.7 $2,773.0 $4,962.6 Net income— — — — — — — 1,057.3 1,057.3 Restricted stock, performance stock units, and other grants, net— — 0.6