Western Alliance Bancorporation reported net income of $260.5 million for the third quarter of 2025, an increase of 10.1% from the previous quarter and 26.7% higher year-over-year. Pre-provision net revenue reached $393.8 million. Net interest margin was 3.53%. The efficiency ratio was 57.4%. Book value per common share was $64.45, and book value per common share excluding goodwill and intangibles was $58.56. Quarterly loan growth was $707 million, while deposits increased by $6.1 billion. Total assets exceeded $90 billion at quarter-end. The ratio of nonperforming loans and repossessed assets to total assets was 0.72%. Net loan charge-offs to average loans remained low. Repossessed assets totaled $130 million, down from $218 million at the end of the previous quarter. Classified assets were $1.1 billion, a decrease from $1.3 billion the previous quarter. The ratio of classified assets to Tier 1 capital plus the allowance for credit losses was 14.3%, compared to 16.4% at June 30, 2025.