- Western Alliance Bancorporation (WAL, Financial) reported a net income of $199.1 million for Q1 2025, with EPS at $1.79.
- Total deposits increased by $3.0 billion, reaching $69.3 billion, a 4.5% growth quarter-over-quarter.
- Asset quality remained stable, with nonperforming assets at 0.60% of total assets and net loan charge-offs at 0.20% of average loans.
Western Alliance Bancorporation (WAL) delivered solid financial results in the first quarter of 2025, reporting a net income of $199.1 million, with an earnings per share (EPS) of $1.79. This represents an 11.9% increase year-over-year, although it reflects an 8.2% decline compared to the fourth quarter of 2024.
The bank saw significant growth in its deposit base, which increased by $3.0 billion or 4.5% from the previous quarter, totaling $69.3 billion. Year-over-year, deposits rose by $7.1 billion, reflecting an overall growth of 11.4%. In addition, non-interest bearing deposits accounted for 31.8% of total deposits, up from 28.4% last quarter.
Loan growth was robust as well, with total loans held for investment amounting to $54.8 billion, marking a 2.0% increase quarter-over-quarter and an 8.0% rise year-over-year. Asset quality remained stable; nonperforming assets declined to 0.60% of total assets, while net loan charge-offs decreased to 0.20% of average loans, showing improvement from 0.25% in the previous quarter.
Western Alliance's capital levels continue to be strong, with a Common Equity Tier 1 (CET 1) ratio of 11.1%, and the tangible book value per share increased by 14.4% year-over-year to $54.10. Despite a slight decrease in the net interest margin to 3.47%, the bank remains well-capitalized and positioned for sustained growth.
