Western Alliance Bancorporation(US:WAL)2025-10-22 16:00Financial Performance - Earnings per share increased to $2.28 in Q3 2025, a 30.4% year-over-year increase[5, 7, 10] - Net income reached $260.5 million in Q3 2025, up 30.4% year-over-year[5, 7, 10] - Net revenue increased to $938.2 million in Q3 2025, compared to $823.1 million in Q3 2024[5, 10] - Pre-provision net revenue (PPNR) was $393.8 million in Q3 2025, a 37.8% year-over-year increase[5, 7, 10] - Adjusted efficiency ratio decreased to 47.8% in Q3 2025, a decrease of 490 bps from Q3 2024[5, 27, 31] - Tangible book value per share increased to $58.56, a 12.7% year-over-year increase[5, 7, 36, 38] Balance Sheet and Loan Portfolio - Total loans reached $56.646 billion in Q3 2025, an increase of $3.3 billion or 6.2% year-over-year[5, 7, 36, 38] - Total deposits increased to $77.247 billion in Q3 2025, an increase of $9.2 billion or 13.5% year-over-year[5, 36, 39] - Securities and cash increased $5.6 billion, or 29.6%, over prior year to $24.6 billion[36, 39] - Non-performing loans (NPLs) to funded HFI loans ratio was 0.92%[5, 7] Asset Quality and Credit Losses - Provision for credit losses increased to $80.0 million, primarily due to a $30 million reserve related to the Cantor Group V loan[5, 9, 13] - Total loan ACL to funded loans ratio increased to 0.85%[5, 9, 59, 64]