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Western Alliance Bancorporation(WAL) - 2025 Q1 - Earnings Call Presentation

Financial Performance - Earnings per Share (EPS) for Q1 2025 was $1.79, compared to $1.95 in Q4 2024 and $1.60 in Q1 2024[5] - Net income for Q1 2025 reached $199.1 million, a 12.2% year-over-year increase[5, 6] - Net revenue for Q1 2025 was $778.0 million, compared to $838.4 million in Q4 2024 and $728.8 million in Q1 2024[5] - Pre-Provision Net Revenue (PPNR) for Q1 2025 was $277.6 million, a 12.4% year-over-year increase[5, 6] Balance Sheet and Capital - Total loans increased to $54.8 billion in Q1 2025, up $1.1 billion from the previous quarter and $4.1 billion, or 8.0%, year-over-year[5, 6, 38] - Total deposits increased to $69.3 billion in Q1 2025, up $3.0 billion, or 4.5%, from the previous quarter and $7.1 billion, or 11.4%, year-over-year[5, 38] - The CET1 ratio was 11.1% in Q1 2025[5, 6] - Tangible book value per share increased to $54.10, a 14.4% year-over-year increase[5, 6, 38] Asset Quality - Provision for credit losses was $31.2 million in Q1 2025[5, 11] - Net loan charge-offs were $25.8 million, or 0.20% of average loans, in Q1 2025[5] - Non-Performing Assets (NPAs) to total assets ratio was 0.60% in Q1 2025[5, 6] Net Interest Income and Margin - Net Interest Income decreased by $15.9 million, or 2.4%, primarily due to smaller quarterly day count and lower yields on interest earning assets[23] - Net Interest Margin (NIM) decreased by 1 basis point to 3.47%[5, 23] Non-Interest Expenses and Efficiency - Adjusted efficiency ratio (excluding deposit costs) increased to 55.8%[5, 30] - Deposit costs decreased by $37.7 million to $136.8 million[30] Management Outlook for 2025 - Loan growth (HFI) is expected to increase by $5.0 billion[82] - Deposit growth is expected to increase by $8.0 billion[82] - Net Interest Income is projected to increase by 6%-8%[82]