Western Alliance Bancorporation reported a strong financial performance for the first quarter of 2025, with net income available to common stockholders reaching $195.9 million, a 12.5% increase from $174.2 million in the same period last year. The diluted earnings per share also rose to $1.79, up from $1.60 in the first quarter of 2024. Total revenue for the quarter was $778.0 million, compared to $728.8 million in the prior year, driven by an increase in net interest income, which amounted to $650.6 million, a rise of 8.6% from $598.9 million.
The company experienced notable growth in its loan portfolio, with total loans held for investment (HFI) increasing by $1.1 billion, or 2.0%, to $54.8 billion as of March 31, 2025. This growth was primarily attributed to increases in commercial and industrial loans, which rose by $989 million, and commercial real estate loans, which increased by $134 million. Additionally, loans held for sale (HFS) surged to $3.2 billion, up from $2.3 billion at the end of 2024, reflecting a strong demand for agency-conforming and non-EBO loans.
On the deposit side, total deposits grew by $3.0 billion, or 4.5%, to $69.3 billion, with significant contributions from non-interest bearing deposits, which increased by $3.2 billion. The company’s total equity also saw a substantial increase, rising to $7.2 billion, up $508 million from the previous quarter, largely due to net income and the issuance of preferred stock from its REIT subsidiary.
Operationally, Western Alliance Bancorporation reported a decrease in non-performing assets to 0.60% of total assets, down from 0.65% at the end of 2024. The allowance for credit losses increased to $388.6 million, reflecting a provision for credit losses of $31.2 million for the quarter, compared to $15.2 million in the same period last year. The company’s net interest margin decreased to 3.47%, down from 3.60% in the first quarter of 2024, primarily due to lower yields on interest-earning assets.
Looking ahead, Western Alliance Bancorporation remains optimistic about its growth trajectory, emphasizing its focus on maintaining asset quality and managing interest rate risk. The company continues to monitor market conditions closely and is prepared to adjust its strategies as necessary to navigate potential economic challenges.
About WESTERN ALLIANCE BANCORPORATION
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