WESTERN ALLIANCE BANCORPORATION
For the period ended Dec 31, 2025. Filed Feb 23, 2026.
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FY2025 · Filed Feb 23, 2026
WAL$77.20+2.2%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Income Statements
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| (in millions, except per share amounts) | |||
| Interest income: | |||
| Loans, including fees | $3,679.8 | $3,629.1 | $3,409.7 |
| Investment securities | 815.9 | 703.6 | 459.9 |
| Dividends and other | 197.2 | 208.4 | 165.7 |
| Total interest income | 4,692.9 | 4,541.1 | 4,035.3 |
| Interest expense: | |||
| Deposits | 1,537.8 | 1,600.2 | 1,142.6 |
| Qualifying debt | 32.8 | 38.0 | 37.9 |
| Other borrowings | 257.5 | 284.0 | 515.9 |
| Total interest expense | 1,828.1 | 1,922.2 | 1,696.4 |
| Net interest income | 2,864.8 | 2,618.9 | 2,338.9 |
| Provision for credit losses | 224.1 | 145.9 | 62.6 |
| Net interest income after provision for credit losses | 2,640.7 | 2,473.0 | 2,276.3 |
| Non-interest income: | |||
| Service charges and fees | 194.3 | 109.6 | 110.3 |
| Net gain on mortgage loan origination and sale activities | 255.5 | 206.3 | 193.5 |
| Net loan servicing revenue | 77.8 | 121.5 | 102.3 |
| Income from bank owned life insurance | 46.0 | 27.8 | 4.5 |
| Gain (loss) on sales of investment securities | 29.4 | 17.4 | (40.8) |
| Income from equity investments | 18.1 | 38.2 | 15.7 |
| Fair value gain (loss) adjustments, net | 12.9 | 7.5 | (116.0) |
| Other income | 44.2 | 14.9 | 11.2 |
| Total non-interest income | 678.2 | 543.2 | 280.7 |
| Non-interest expense: | |||
| Salaries and employee benefits | 757.5 | 631.1 | 566.3 |
| Deposit costs | 630.5 | 693.2 | 436.7 |
| Data processing | 187.2 | 149.7 | 122.0 |
| Insurance | 117.5 | 164.8 | 190.4 |
| Legal, professional, and directors' fees | 115.9 | 109.4 | 107.2 |
| Occupancy | 70.6 | 73.1 | 65.6 |
| Loan servicing expenses | 69.2 | 68.1 | 58.8 |
| Business development and marketing | 28.7 | 32.7 | 21.8 |
| Loan acquisition and origination expenses | 26.2 | 21.5 | 20.4 |
| Gain on extinguishment of debt | — | — | (52.7) |
| Other expense | 108.4 | 81.4 | 86.9 |
| Total non-interest expense | 2,111.7 | 2,025.0 | 1,623.4 |
| Income before provision for income taxes | 1,207.2 | 991.2 | 933.6 |
| Income tax expense | 216.6 | 203.5 | 211.2 |
| Net income | 990.6 | 787.7 | 722.4 |
| Net income attributable to noncontrolling interest | 21.6 | — | — |
| Net income attributable to Western Alliance | $969.0 | $787.7 | $722.4 |
| Dividends on preferred stock | 12.8 | 12.8 | 12.8 |
| Net income available to common stockholders | $956.2 | $774.9 | $709.6 |
| Earnings per share: | |||
|---|---|---|---|
| Basic | $8.79 | $7.14 | $6.55 |
| Diluted | 8.73 | 7.09 | 6.54 |
| Weighted average number of common shares outstanding: | |||
| Basic | 108.8 | 108.6 | 108.3 |
| Diluted | 109.5 | 109.3 | 108.5 |
| Dividends declared per common share | $1.56 | $1.49 | $1.45 |
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