Company: WAL-PA
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001212545-25-000141
Chunk: 115

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 115
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Financial Results Highlights for the First Quarter of 2025 

•Net income available to common stockholders of $195.9 million, compared to $174.2 million for the first quarter 2024 

•Diluted earnings per share of $1.79, compared to $1.60 per share for the first quarter 2024

•Net revenue of $778.0 million, compared to $728.8 million for the first quarter 2024, with non-interest expense of $500.4 million, compared to $481.8 million for the first quarter 2024

•PPNR of $277.6 million, up 12.4% from $247.0 million in the first quarter 20241

•Total loans HFI of $54.8 billion, up $1.1 billion, or 2.0%, from December 31, 2024 

•Total deposits of $69.3 billion, up $3.0 billion, or 4.5%, from December 31, 2024 

•Total equity of $7.2 billion, an increase of $508 million from December 31, 2024

•Nonperforming assets (nonaccrual loans and repossessed assets) decreased to 0.60% of total assets, compared to 0.65% at December 31, 2024 

•Annualized net loan charge-offs to average loans outstanding of 0.20%, compared to 0.08% for the first quarter 2024

•Net interest margin of 3.47%, decreased from 3.60% in the first quarter 2024

•Tangible common equity ratio of 7.2%, consistent with December 31, 20241 

•Book value per common share of $60.03, an increase of 3.1% from $58.24 at December 31, 2024 

•Tangible book value per share, net of tax, of $54.10, an increase of $1.83, or 3.5%, from $52.27 at December 31, 20241

•Efficiency ratio of 63.5% in the first quarter 2025, compared to 65.2% in the first 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