Company: WAL-PA
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001212545-25-000090
Chunk: 83

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-02-25
Form: 10-K
Item: Item 7
Chunk 83
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ON, FIB, Bridge, and TPB. 

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.

2024 Financial Highlights 

•Net income available to common stockholders of $774.9 million for 2024, an increase from $709.6 million for 2023 

•Diluted earnings per share of $7.09 for 2024, an increase from $6.54 per share for 2023 

•Net revenue of $3.2 billion, constituting year-over-year growth of 20.7%, or $542.5 million, compared to an increase in non-interest expenses of 24.7%, or $401.6 million 

•PPNR1 increased $140.9 million to $1.1 billion, compared to $996.2 million in 2023 

•Effective tax rate of 20.5% for 2024, compared to 22.6% for 2023

•Total loans HFI of $53.7 billion, up $3.4 billion from December 31, 2023 

•Total deposits of $66.3 billion, up $11.0 billion from December 31, 2023 

•Stockholders' equity of $6.7 billion, an increase of $629 million from December 31, 2023 

•Nonperforming assets (nonaccrual loans and repossessed assets) increased to 0.65% of total assets, from 0.40% at December 31, 2023 

•Net loan charge-offs to average loans outstanding of 0.18% for 2024, compared to 0.06% for 2023

•Net interest margin of 3.58% in 2024, decreased from 3.63% in 2023 

•Return on average assets of 0.99% for 2024, compared to 1.03% for 2023

•Tangible common equity ratio1 of 7.2%, compared to 7.3% at December 31, 2023 

•Tangible book value per share, net of tax1, of $52.27, an increase of 11.9% from $46.72 at December 31, 2023 

•Efficiency