WESTERN ALLIANCE BANCORPORATION has recently released its 10-K report, providing an in-depth look at the company's financials and operations. Western Alliance Bancorporation operates as the bank holding company for Western Alliance Bank, offering a wide range of banking products and services primarily in Arizona, California, and Nevada. The company operates through Commercial and Consumer Related segments, offering deposit products, commercial and industrial loan products, commercial real estate loans, construction and land development loans, consumer loans, and other financial services.
In the 10-K report, under Item 7 * Management's Discussion and Analysis of Financial Condition and Results of Operations, the company highlighted its recent developments. Notably, the company's loan portfolio includes significant credit exposure to the commercial real estate (CRE) market, comprising approximately 27% and 30% of total loans at December 31, 2025, and 2024, respectively. During the year ended December 31, 2025, the company recognized gross charge-offs on CRE non-owner occupied loans totaling $55.5 million, primarily related to office properties. The company also addressed a legal dispute related to a credit facility, where it initiated a lawsuit in connection with its note finance revolving credit facility to Cantor Group V, LLC, alleging fraud by the borrower.
The 10-K report also provided financial highlights for the year 2025, including net income available to common stockholders of $956.2 million and diluted earnings per share of $8.73, representing an increase from the previous year. The company reported total loans held for investment (HFI) of $58.7 billion, an increase of $5.0 billion from December 31, 2024, and total deposits of $77.2 billion, up $10.8 billion from December 31, 2024. Additionally, the company reported an increase in nonperforming assets to 0.69% of total assets, from 0.65% at December 31, 2024, and a net interest margin of 3.51% in 2025, a decrease from 3.58% in 2024.
The 10-K report also provided insights into the company's asset quality, asset and deposit growth, results of operations, and non-GAAP financial measures. It discussed the company's efficiency ratio, tangible common equity, and return on average tangible common equity. Furthermore, the report presented regulatory capital measures under Basel III, including Common Equity Tier 1 (CET1) and total capital ratios, which are used for assessing the bank's capital adequacy.
Following these announcements, the company's shares moved -1.62%, and are now trading at a price of $88.37. If you want to know more, read the company's complete 10-K report here.
