Western Alliance Bancorporation (WAL)

WAL Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	3,629	3,410	2,393	1,489	1,144
Interest Income on Investments	912	625.6	298.4	169.9	117.5
Total Interest Income	4,541	4,035	2,692	1,659	1,262
Interest Paid on Deposits	1,600	1,143	276.4	47.5	70.4
Interest Paid on Borrowings	322	553.8	199.1	62.4	24.5
Total Interest Expense	1,922	1,696	475.5	109.9	94.9
Net Interest Income	2,619	2,339	2,216	1,549	1,167
Net Interest Income Growth (YoY)	11.97%	5.53%	43.10%	32.73%	12.16%
Gain (Loss) on Sale of Investments	24.9	-156.8	-21.8	7	4
Gain (Loss) on Sale of Equity Investments	38.2	15.7	17.8	22.1	12.7
Other Non-Interest Income	480.1	421.8	328.6	375.1	54.1
Total Non-Interest Income	543.2	280.7	324.6	404.2	70.8
Non-Interest Income Growth (YoY)	93.52%	-13.52%	-19.69%	470.90%	8.76%
Revenues Before Loan Losses	3,162	2,620	2,541	1,953	1,238
Provision for Loan Losses	145.9	62.6	68.1	-21.4	123.6
Revenue	3,016	2,557	2,473	1,974	1,114
Revenue Growth (YoY)	17.96%	3.41%	25.24%	77.22%	2.57%
Salaries and Employee Benefits	631.1	533.6	510.8	443.8	283.3
Federal Deposit Insurance	164.8	190.4	31.1	23	13.3
Selling, General & Administrative	364.9	349.3	289.2	197	141.9
Other Non-Interest Expense	864.2	602.8	325.2	166.4	54.6
Total Non-Interest Expense	2,025	1,676	1,156	830.2	491.6
EBT Excluding Unusual Items	991.2	880.9	1,317	1,144	622.5
Other Unusual Items	-	52.7	-	-5.9	-
Pretax Income	991.2	933.6	1,316	1,123	622.5
Income Tax Expense	203.5	211.2	258.8	223.8	115.9
Earnings From Continuing Operations	787.7	722.4	1,057	899.2	506.6
Net Income	787.7	722.4	1,057	899.2	506.6
Preferred Dividends & Other Adjustments	12.8	12.8	12.8	3.5	-
Net Income to Common	774.9	709.6	1,045	895.7	506.6
Net Income Growth	9.04%	-31.68%	17.58%	77.50%	1.48%
Basic Shares Outstanding	109	108	107	103	100
Diluted Shares Outstanding	109	109	108	103	101
Shares Change (YoY)	0.74%	0.84%	4.16%	2.79%	-2.52%
EPS (Basic)	7.14	6.55	9.74	8.72	5.06
EPS (Diluted)	7.09	6.54	9.70	8.67	5.04
EPS Growth	8.41%	-32.58%	11.88%	72.02%	4.13%
Dividend Per Share	1.490	1.450	1.420	1.200	1.000
Dividend Growth	2.76%	2.11%	18.33%	20.00%	100.00%
Effective Tax Rate	20.53%	22.62%	19.66%	19.93%	18.62%

Source: S&P Capital IQ. Banks template. Financial Sources.