WESTERN ALLIANCE BANCORPORATION (WAL) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Interest income:
Interest income on loans	2,393.4	1,488.8	1,144.3	1,093.0	910.6	747.5	636.6	476.4
Interest income on investments	265.6	158.6	107.8	111.9	106.8	83.4	52.6	37.9
	2,691.8	1,658.7	1,261.8	1,225.0	1,033.5	845.5	700.5	525.1
Interest expense:
Interest on deposits	276.4	47.5	70.4	158.4	90.5	42.0	29.7	21.8
	475.5	109.9	94.9	184.6	117.6	60.8	43.3	32.6
Net interest income	2,216.3	1,548.8	1,166.9	1,040.4	915.9	784.7	657.2	492.6
Provision for loan losses	-68.1	-21.4	-123.6	-19.3	25.0	17.3	8.0	3.2
Net interest income after provision for loan losses	2,284.4	1,570.2	1,290.5	1,059.7	890.9	767.4	649.2	489.4
Credit and debit card fees					8.0	6.3	5.2	4.7
Gain on sale of investments, net								0.6
Other non-interest income	324.6	404.2	70.8	65.1	35.1	39.0	37.7	24.4
Total non-interest income	324.6	404.2	70.8	65.1	43.1	45.3	42.9	29.8
Non-interest expenses	1,156.7	851.4	491.6	482.0	423.7	360.9	330.9	260.6
Equity in earnings	17.8	22.1	12.7	8.3	8.6	4.5		0.6
Pre-tax income	1,316.1	1,123.0	622.5	604.2	510.3	451.8	361.2	258.5
Income taxes	258.8	223.8	115.9	105.0	74.5	126.3	101.4	64.3
Tax rate	19.7%	19.9%	18.6%	17.4%	14.6%	28.0%	28.1%	24.9%
Net income	1,044.5	895.7	506.6	499.2	435.8	325.5	259.8	193.5
Net margin	40.0%	45.4%	37.2%	44.4%	46.7%	40.0%	37.5%	37.3%

Basic EPS	$9.74	$8.72	$5.06	$4.86	$4.16	$3.12	$2.52	$2.05
Diluted EPS	$9.71	$8.67	$5.04	$4.84	$4.13	$3.10	$2.50	$2.03

Shares outstanding (basic)	107.2	102.7	100.2	102.7	104.7	104.2	103.0	94.6
Shares outstanding (diluted)	107.6	103.3	100.5	103.1	105.4	105.0	103.8	95.2

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.