WESTERN ALLIANCE BANCORPORATION
For the period ended Mar 31, 2025. Filed May 1, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 1, 2025
WAL$76.30-1.2%Stored close · as of Nov 10, 2026
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Consolidated Income Statements
| Three Months Ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| (in millions, except per share amounts) | ||
| Interest income: | ||
| Loans, including fees | $881.0 | $871.9 |
| Investment securities | 165.8 | 142.4 |
| Dividends and other | 48.8 | 40.7 |
| Total interest income | 1,095.6 | 1,055.0 |
| Interest expense: | ||
| Deposits | 378.3 | 380.6 |
| Qualifying debt | 9.3 | 9.5 |
| Other borrowings | 57.4 | 66.0 |
| Total interest expense | 445.0 | 456.1 |
| Net interest income | 650.6 | 598.9 |
| Provision for credit losses | 31.2 | 15.2 |
| Net interest income after provision for credit losses | 619.4 | 583.7 |
| Non-interest income: | ||
| Service charges and loan fees | 37.2 | 16.4 |
| Net gain on loan origination and sale activities | 49.5 | 45.3 |
| Net loan servicing revenue | 21.8 | 46.4 |
| Income from bank owned life insurance | 11.4 | 1.0 |
| Gain (loss) on sales of investment securities | 2.1 | (0.9) |
| Fair value gain adjustments, net | 1.0 | 0.3 |
| (Loss) income from equity investments | (4.8) | 17.1 |
| Other income | 9.2 | 4.3 |
| Total non-interest income | 127.4 | 129.9 |
| Non-interest expense: | ||
| Salaries and employee benefits | 182.4 | 154.9 |
| Deposit costs | 136.8 | 137.0 |
| Data processing | 45.2 | 36.0 |
| Insurance | 37.9 | 58.9 |
| Legal, professional, and directors' fees | 28.9 | 30.1 |
| Occupancy | 17.2 | 17.5 |
| Loan servicing expenses | 16.4 | 15.0 |
| Business development and marketing | 5.9 | 5.5 |
| Loan acquisition and origination expenses | 5.2 | 4.8 |
| Other expense | 24.5 | 22.1 |
| Total non-interest expense | 500.4 | 481.8 |
| Income before provision for income taxes | 246.4 | 231.8 |
| Income tax expense | 47.3 | 54.4 |
| Net income | 199.1 | 177.4 |
| Dividends on preferred stock | 3.2 | 3.2 |
| Net income available to common stockholders | $195.9 | $174.2 |
| Earnings per share: | ||
| Basic | $1.80 | $1.61 |
| Diluted | 1.79 | 1.60 |
| Weighted average number of common shares outstanding: | ||
| Basic | 108.8 | 108.5 |
| Diluted | 109.6 | 109.0 |
| Dividends declared per common share | $0.38 | $0.37 |
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