Company: WAL-PA
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001212545-25-000214
Chunk: 51

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 51
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479.7 Income tax expense53.5 54.3 100.8 108.7 Net income237.8 193.6 436.9 371.0 Net income attributable to noncontrolling interest7.4 — 7.4 — Net income attributable to Western Alliance230.4 193.6 429.5 371.0 Dividends on preferred stock3.2 3.2 6.4 6.4 Net income available to common stockholders$227.2 $190.4 $423.1 $364.6 Earnings per share:Basic$2.08 $1.75 $3.89 $3.36 Diluted2.07 1.75 3.86 3.34 Weighted average number of common shares outstanding:Basic109.0 108.6 108.9 108.6 Diluted109.6 109.1 109.6 109.1 Dividends declared per common share$0.38 $0.37 $0.76 $0.74 

See accompanying Notes to Unaudited Consolidated Financial Statements.

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Table of Contents

WESTERN ALLIANCE BANCORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

Three Months Ended June 30,Six Months Ended June 30,2025202420252024(in millions)Net income$237.8 $193.6 $436.9 $371.0 Other comprehensive income (loss), net:Unrealized gain (loss) on AFS securities, net of tax effect of $(6.0), $(0.5), $(25.3),  and $14.3, respectively9.7 1.7 65.4 (43.2)Unrealized gain on SERP, net of tax effect of $0 for each period presented0.1 — 0.1 — Unrealized (loss) on junior subordinated debt, net of tax effect of $1.3,  $0.2, $0.9, and $0.4, respectively(4.1)(0.5)(3.0)(1.0)Realized (gain) on sale of AFS securities included in income,