Western Alliance Bancorporation Posts Strong Q1 2025 Earnings with Continued Loan and Deposit Growth


Western Alliance Bancorporation reported a net income of $199.1 million and earnings per share of $1.79 for the first quarter of 2025, reflecting a 12% increase from the same period last year. The company continued its upward trajectory with $1.1 billion in new loans and $3.0 billion in additional deposits, bringing total loans held for investment to $54.8 billion and total deposits to $69.3 billion. Net interest income rose to $650.6 million, supported by a net interest margin of 3.47%.

Asset quality improved, with nonperforming assets reduced to 0.60% of total assets and annualized net loan charge-offs falling to 0.20% of average loans. The bank’s equity position strengthened to $7.2 billion, with tangible book value per share rising 14.4% year-over-year to $54.10. Western Alliance also maintained a solid Common Equity Tier 1 (CET1) capital ratio of 11.1%, and its adjusted efficiency ratio stood at 55.8%. The company highlighted stable credit metrics and effective capital management as key contributors to its strong performance in a dynamic operating environment.

Western Alliance Bancorporation filed a Form 8-K with the U.S. Securities and Exchange Commission (SEC) on February 6, 2025, announcing the declaration of quarterly cash dividends for both its common and preferred stock. The Board of Directors declared a quarterly cash dividend of $0.38 per share of common stock, payable on February 28, 2025, to shareholders of record as of February 14, 2025. Additionally, the Board declared a quarterly cash dividend of $106.25 per share (equivalent to $0.265625 per depositary share) on its 4.250% Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A, payable on March 30, 2025, to shareholders of record as of March 15, 2025.