Western Alliance Bancorporation(US:WAL)2025-07-18 16:00Financial Performance - Earnings per share increased to $2.07 in Q2 2025, compared to $1.79 in Q1 2025 and $1.75 in Q2 2024[5] - Net income reached $237.8 million in Q2 2025, a 22.8% year-over-year increase[5, 6] - Net revenue increased to $845.9 million in Q2 2025, compared to $778.0 million in Q1 2025 and $771.8 million in Q2 2024[5] - Pre-Provision Net Revenue (PPNR) was $331.2 million in Q2 2025, a 16.2% year-over-year increase[5, 6] - Tangible book value per share increased to $55.87, a 14.5% year-over-year increase[5, 6] Balance Sheet and Capital - Total loans increased to $55.939 billion in Q2 2025, a $3.5 billion or 6.7% increase year-over-year[5, 6, 39] - Total deposits increased to $71.107 billion in Q2 2025, a $4.9 billion or 7.3% increase year-over-year[5, 35] - CET1 ratio stood at 11.2% in Q2 2025[5, 6] Asset Quality - Provision for credit losses was $39.9 million in Q2 2025[5] - Net loan charge-offs were $29.6 million in Q2 2025, representing 0.22% of average loans[5] - Non-Performing Loans (NPLs) represented 0.76% of funded HFI loans in Q2 2025[5, 6] Net Interest Income and Margin - Net interest income increased by $47.0 million, or 7.2%, primarily due to a higher average balance of interest earning assets[9, 23] - Net Interest Margin (NIM) increased to 3.53%[5, 23] Non-Interest Expense and Efficiency - Adjusted efficiency ratio (excluding deposit costs) decreased to 51.8%[5, 29] - Deposit costs increased by $10.6 million to $147.4 million[29] Loan Composition - Commercial & Industrial (C&I) loans comprised 44.6% of the loan portfolio, totaling $24.9 billion[39]