8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):  October 15, 2015

WESTERN ALLIANCE BANCORPORATION

(Exact name of registrant as specified in its charter)

Delaware	001-32550	88-0365922
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

One E. Washington Street, Phoenix, Arizona  85004

 (Address of principal executive offices)               (Zip Code)

(602) 389-3500

(Registrant's telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

⃞ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

⃞ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

⃞ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

⃞ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

ITEM 2.02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION.

On October 15, 2015, Western Alliance Bancorporation (the “Company”) issued a press release reporting results for the fiscal quarter ended September 30, 2015 and posted on its website its third quarter 2015 Earnings Conference Call Presentation, which contains certain additional historical and forward-looking information relating to the Company.  Copies of the press release and presentation slides are attached hereto as Exhibits 99.1 and 99.2, respectively.  

The information in this report (including Exhibits 99.1 and 99.2 hereto) is being “furnished” and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, is not subject to the liabilities of that section and is not deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, except as shall be expressly set forth by specific reference in such filing.

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.

(d) Exhibits.

99.1         Press Release dated October 15, 2015.

99.2         Third Quarter 2015 Earnings Conference Call dated October 16, 2015.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	WESTERN ALLIANCE BANCORPORATION
	(Registrant)
	/s/ Dale Gibbons
	Dale Gibbons
	Executive Vice President and
	Chief Financial Officer
Date:	October 15, 2015

EX-99.1

Western Alliance Reports Record Third Quarter 2015 Financial Performance

PHOENIX--(BUSINESS WIRE)--October 15, 2015--Western Alliance Bancorporation (NYSE:WAL) (the "Company") announced today its financial results for the third quarter 2015. These results include the performance of Bridge Bank, which was acquired on June 30, 2015.

Third Quarter 2015 Highlights:

• Net income of $59.1 million, compared to $34.7 million for the second quarter 2015, and $40.9 million for the third quarter 2014

• Earnings per share of $0.58, compared to $0.39 per share in the second quarter 2015, and $0.46 per share in the third quarter 2014

• Net income and earnings per share above includes a total benefit of $0.05 per share from net unrealized gains on assets and liabilities measured at fair value, non-recurring tax benefits, and accelerated recognition of accretion income, offset by acquisition and other non-recurring expenses

• Pre-tax, pre-provision operating earnings of $73.7 million, up23.5% from $59.7 million in the second quarter 2015, and up42.2% from $51.9 million in the third quarter 2014¹ 

• Net operating revenue of $145.9 million, constituting year-over-year growth of 40.9%, or $42.4 million, compared to an increase in operating expenses of 39.6%, or $20.5 million¹

• Net interest margin of 4.59%, compared to 4.41% in the second quarter 2015, and 4.43% in the third quarter 2014

• Efficiency ratio of 46.8%, compared to 44.7% in the second quarter 2015, and 47.1% in the third quarter 2014¹ 

• Total loans of $10.79 billion, up $427 million from June 30, 2015, and up $2.86 billion from September 30, 2014

• Total deposits of $11.61 billion, up $203 million from June 30, 2015, and up $2.91 billion from September 30, 2014

• Nonperforming assets (nonaccrual loans and repossessed assets) decreased to 0.76% of total assets, from 0.88% at June 30, 2015, and from 1.23% at September 30, 2014

• Net loan recoveries (annualized) to average loans outstanding of 0.08%, compared to 0.13% in the second quarter 2015, and 0.15% in the third quarter 2014

• Tangible common equity ratio of 8.9%, compared to 8.7% at June 30, 2015, and 8.2% at September 30, 2014

• Stockholders' equity of $1.58 billion, an increase of $69 million from June 30, 2015, and an increase of $581 million from September 30, 2014

• Tangible book value per share, net of tax, of $11.86, an increase of 5.4% from $11.25 at June 30, 2015, and an increase of 24.4% from $9.53 at September 30, 2014¹ 

1

Financial Performance

"Western Alliance performed strongly in all key metrics in the third quarter," remarked Robert Sarver, Chief Executive Officer and Chairman of Western Alliance Bancorporation, "delivering record net income of $59.1 million and earnings per share of $0.58 to our shareholders. Thanks in part to the recent addition of Bridge Bank, net operating revenue was $145.9 million, an increase of over 40% from last year. Notably, fee income increased primarily due to Bridge. Loans increased $427 million from the prior quarter to $10.8 billion and deposits also increased $203 million to $11.6 billion. We also recorded our seventh consecutive quarter of net loan recoveries." Sarver continued, "The first quarter of Bridge's operations under Western Alliance has exceeded our expectations in terms of financial performance, customer retention, and growth."

Income Statement

Net interest income was $137.4 million in the third quarter 2015, an increase of $28.7 million, or 26.4% from $108.7 million in the second quarter 2015, and an increase of $39.3 million, or 40.1%, compared to the third quarter 2014. Net interest income in the third quarter 2015 includes $7.0 million of total accretion income from acquired loans.

The Company’s net interest margin increased in the third quarter 2015 to 4.59%, compared to 4.41% in the second quarter 2015, and 4.43% in the third quarter 2014. The increase in net interest margin for the quarter primarily relates to accretion from acquired Bridge loans.

Operating non-interest income was $8.5 million for the third quarter 2015, compared to $5.6 million for the second quarter of 2015, and $5.5 million for the third quarter 2014.¹ 

Net operating revenue was $145.9 million for the third quarter 2015, an increase of $31.6 million, or 27.6%, compared to $114.3 million for the second quarter 2015, and an increase of $42.4 million, or 40.9%, compared to $103.6 million for the third quarter 2014.¹ 

Operating non-interest expense was $72.2 million for the third quarter 2015, compared to $54.6 million for the second quarter 2015, and $51.7 million for the third quarter 2014.¹ The Company’s operating efficiency ratio¹ on a tax equivalent basis was 46.8% for the third quarter 2015, a decline from 44.7% for the second quarter 2015, and an improvement from 47.1% for the third quarter 2014.

The Company views its pre-tax, pre-provision operating earnings as a key metric for assessing the Company’s earnings power, which it defines as net operating revenue less operating non-interest expense. For the third quarter 2015, the Company’s pre-tax, pre-provision operating earnings were $73.7 million, up23.5% from $59.7 million in the second quarter 2015, and up42.2% from $51.9 million in the third quarter 2014.¹ 

The non-operating items for the third quarter 2015 consisted primarily of net unrealized gains on assets and liabilities measured at fair value of $5.4 million. Other non-operating items include acquisition / restructure expense of $0.8 million incurred in connection with the acquisition of Bridge, $0.1 million of net losses on sales of investment securities, and a $0.1 million net gain on sales and valuations of repossessed and other assets.

The Company had 1,415 full-time equivalent employees and 47 offices at September 30, 2015, compared to 1,120 employees and 39 offices at September 30, 2014.

2

Balance Sheet

Gross loans totaled $10.79 billion at September 30, 2015, an increase of $427 million from $10.36 billion at June 30, 2015, and an increase of $2.86 billion from $7.93 billion at September 30, 2014. The year-over-year increase relates primarily to the Bridge acquisition as of June 30, 2015. At September 30, 2015, the allowance for credit losses was 1.09% of total loans, compared to 1.11% at June 30, 2015, and 1.38% at September 30, 2014, reflecting an improvement in the Company’s asset quality profile and historical losses. Consistent with GAAP, the allowance for credit losses is not carried over in an acquisition because acquired loans are recorded at fair value, which discounts the loans based on expected future cash flows. The allowance for credit losses as a percent of total loans, adjusted to include credit discounts on acquired loans, was 1.32% at September 30, 2015, compared to 1.35% at June 30, 2015, and 1.54% at September 30, 2014.

Deposits totaled $11.61 billion at September 30, 2015, an increase of $203 million from $11.41 billion at June 30, 2015, and an increase of $2.91 billion from September 30, 2014. Non-interest bearing deposits were $4.08 billion at September 30, 2015, compared to $3.92 billion at June 30, 2015, and $2.25 billion at September 30, 2014. Non-interest bearing deposits comprised 35.1% of total deposits at September 30, 2015, compared to 34.4% at June 30, 2015, and 25.8% at September 30, 2014. The increase in the proportion of the Company's non-interest bearing deposits from the prior year is due to Bridge's higher proportion of non-interest bearing deposits. The proportion of savings and money market balances to total deposits decreased to 40.2% from 41.5% at June 30, 2015, and from 42.4% at September 30, 2014. Certificates of deposit as a percentage of total deposits were 15.8% at September 30, 2015, compared to 15.3% at June 30, 2015, and 22.5% at September 30, 2014. The Company’s ratio of loans to deposits was 92.9% at September 30, 2015, compared to 90.8% at June 30, 2015, and 91.2% at September 30, 2014.

Borrowings totaled $300 million at September 30, 2015, an increase of $230 million from $70 million at June 30, 2015, and a decrease of $31 million from $331 million at September 30, 2014. The increase from the prior quarter is due to increased Federal Home Loan Bank ("FHLB") overnight advances. The decrease from the prior year is due to the payoff of all of our outstanding 10% Senior Notes, which decreased borrowings by $58 million, offset by increased FHLB overnight advances. Qualifying debt totaled $207 million at September 30, 2015, compared to $208 million at June 30, 2015, and an increase of $165 million from $42 million at September 30, 2014. The year-over-year increase is primarily due to the issuance of $150 million of subordinated debt and the assumption of $11 million in junior subordinated debt from Bridge in the second quarter 2015.

Stockholders’ equity at September 30, 2015 was $1.58 billion, compared to $1.51 billion at June 30, 2015, and $1.00 billion at September 30, 2014. The increase in stockholders' equity from September 30, 2014 is primarily due to the issuance of 12.5 million shares of the Company's common stock in connection with the acquisition of Bridge.

At September 30, 2015, tangible common equity, net of tax, was 8.9% of tangible assets¹ and total capital under the Basel III federal regulatory standards was 12.1% of risk-weighted assets. The Company’s tangible book value per share¹ was $11.86 at September 30, 2015, up 24.4% from September 30, 2014.

Total assets increased3.6% to $13.96 billion at September 30, 2015, from $13.47 billion at June 30, 2015, and increased35.6% from $10.29 billion at September 30, 2014. The increase in total assets from the prior year was primarily related to the Bridge acquisition.

Asset Quality

There was no provision for credit losses for the second and third quarters of 2015, compared to $0.4 million for the third quarter 2014. Net loan recoveries in the third quarter 2015 were $2.0 million, or 0.08% of average loans (annualized), compared to $3.0 million, or 0.13%, in the second quarter 2015, respectively, and $2.8 million, or 0.15%, for the third quarter 2014, respectively.

Nonaccrual loans decreased$11.7 million to $47.7 million during the quarter. Loans past due 90 days and still accruing interest totaled $5.6 million at September 30, 2015, compared to $8.3 million at June 30, 2015, and $3.6 million at September 30, 2014. Loans past due 30-89 days and still accruing interest totaled $19.6 million at quarter end, an increase from $4.0 million at June 30, 2015, and an increase from $16.5 million at September 30, 2014.

As the Company’s asset quality improved and its capital increased, the ratio of classified assets to Tier I capital plus the allowance for credit losses, a common regulatory measure of asset quality, improved to 17.2% at September 30, 2015, from 18.5% at June 30, 2015, and from 21.5% at September 30, 2014.¹ 

3

Segment Highlights

The Company's reportable segments are aggregated primarily based on geographic location, services offered, and markets served. As a result of the acquisition of Bridge on June 30, 2015, former Bridge activities were allocated between the newly formed Northern California segment and the Central Business Lines ("CBL") segment. As a substantial portion of Bridge's balance sheet is generated from nationally-focused business lines, the operations of these business lines are included in the CBL segment. Substantially all of the remaining assets and liabilities are included in the Northern California segment. The Southern California segment represents legacy Western Alliance operations in California, excluding two branches located in northern California, which are now included in the Northern California segment.

The Arizona, Nevada, Southern California, and Northern California segments provide full service banking and related services to their respective markets. The Company's CBL segment provides specialized banking services to niche markets and, as of June 30, 2015, includes the operations of Bridge. These CBLs are managed centrally and are broader in geographic scope than our other segments, though still predominately located within our core market areas. The Corporate & Other segment consists of corporate-related items, income and expense items not allocated to our other reportable segments, and inter-segment eliminations.

Key management metrics for evaluating the performance of the Company's Arizona, Nevada, Southern California, Northern California, and CBL segments include loan and deposit growth, asset quality, and pre-tax income.

Arizona reported a gross loan balance of $2.71 billion at September 30, 2015, an increase of $273 million during the quarter, and an increase of $501 million during the last 12 months. Deposits were $2.46 billion at September 30, 2015, an increaseof $94 million during the quarter, and an increase of $386 million during the last 12 months. Pre-tax income was $16.8 million and $14.8 million for the three months ended September 30, 2015 and 2014, respectively, and $50.3 million and $44.7 million for the nine months ended September 30, 2015 and 2014, respectively.

Nevada reported a gross loan balance of $1.78 billion at September 30, 2015, an increase of $18 million during the quarter, and an increase of $99 million during the last 12 months. Deposits were $3.33 billion at September 30, 2015, an increase of $13 million during the quarter, and an increase of $136 million during the last 12 months. Pre-tax income was $19.9 million and $21.2 million for the three months ended September 30, 2015 and 2014, respectively, and $57.0 million and $55.4 million for the nine months ended September 30, 2015 and 2014, respectively.

Southern California reported a gross loan balance of $1.71 billion at September 30, 2015, an increase of $48 million during the quarter, and an increase of $177 million during the last 12 months. Deposits were $1.94 billion at September 30, 2015, a decrease of $8 million during the quarter, and an increase of $158 million during the last 12 months. Pre-tax income was $13.3 million and $11.9 million for the three months ended September 30, 2015 and 2014, respectively, and $37.6 million and $33.7 million for the nine months ended September 30, 2015 and 2014, respectively.

Northern California reported a gross loan balance of $1.17 billion at September 30, 2015, an increase of $88 million during the quarter, and an increase of $970 million during the last 12 months. Deposits were $1.47 billion at September 30, 2015, a decrease of $80 million during the quarter, and an increase of $901 million during the last 12 months. Results of operations for Northern California include the Company's two previously existing northern California branch operations and the results of operations of Bridge (excluding certain business lines reflected in the CBL segment) beginning on July 1, 2015. Pre-tax income was $12.3 million and $1.6 million for the three months ended September 30, 2015 and 2014, respectively, and $17.8 million and $4.0 million for the nine months ended September 30, 2015 and 2014, respectively.

CBL reported a gross loan balance of $3.39 billion at September 30, 2015, flat from the prior quarter, and an increase of $1.13 billion during the last 12 months. Deposits were $2.03 billion at September 30, 2015, an increase of $85 million during the quarter, and an increase of $1.12 billion during the last 12 months. Pre-tax income was $26.1 million and $9.6 million for the three months ended September 30, 2015 and 2014, respectively, and $53.4 million and $21.7 million for the nine months ended September 30, 2015 and 2014, respectively.

Acquisition of Bridge Capital Holdings

The balance sheet of Bridge was consolidated into the Company on June 30, 2015 and the results of Bridge's operations are reflected in the Company's results beginning on July 1, 2015. Goodwill related to the acquisition of Bridge totaled $266.1 million as of September 30, 2015, inclusive of a $6.5 million increase for measurement period adjustments. The estimated fair values of certain net assets are still preliminary and are subject to additional measurement period adjustments.

Effective as of the third quarter 2015, the Company elected early adoption of Accounting Standards Update 2015-16, an amended Financial Accounting Standards Board standard related to the accounting for measurement period adjustments resulting from business combinations. Under the amended standard, adjustments to provisional amounts that are identified during the measurement period are recognized in the reporting period in which the adjustment amounts are determined rather than retrospectively adjusting the provisional amounts at the acquisition date and revising comparative information for prior periods presented in the financial statements. Accordingly, all measurement period adjustments identified during the quarter have been recognized in the current reporting period.

Attached to this press release is summarized financial information for the quarter ended September 30, 2015.

4

Conference Call and Webcast

Western Alliance Bancorporation will host a conference call and live webcast to discuss its third quarter 2015 financial results at 12:00 p.m. ET on Friday, October 16, 2015. Participants may access the call by dialing 1-888-317-6003 and using passcode 3606316 or via live audio webcast using the website link http://services.choruscall.com/links/wal151016. The webcast is also available via the Company’s website at www.westernalliancebancorp.com. Participants should log in at least 15 minutes early to receive instructions. The call will be recorded and made available for replay after 2:00 p.m. ET October 16th through 9:00 a.m. ET November 16th by dialing 1-877-344-7529 passcode: 10071677.

Reclassifications

Certain amounts in the Consolidated Income Statements for the prior periods have been reclassified to conform to the current presentation. The reclassifications have no effect on net income or stockholders’ equity as previously reported.

Use of Non-GAAP Financial Information

This press release contains both financial measures based on accounting principles generally accepted in the United States (“GAAP”) and non-GAAP based financial measures, which are used where management believes them to be helpful in understanding the Company’s results of operations or financial position. Where non-GAAP financial measures are used, the comparable GAAP financial measure, as well as the reconciliation to the comparable GAAP financial measure, can be found in this press release. These disclosures should not be viewed as a substitute for operating results determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other companies.

Cautionary Note Regarding Forward-Looking Statements

This release contains forward-looking statements that relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. Examples of forward-looking statements include, among others, statements we make regarding our expectations with regard to Bridge Capital Holdings, the performance of the combined company following the acquisition of Bridge, and any guidance, outlook or expectations relating to our business, financial and operating results, and future economic performance. The forward-looking statements contained herein reflect our current views about future events and financial performance and are subject to risks, uncertainties, assumptions and changes in circumstances that may cause our actual results to differ significantly from historical results and those expressed in any forward-looking statement. Some factors that could cause actual results to differ materially from historical or expected results include, among others: the risk factors discussed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014 as filed with the Securities and Exchange Commission; changes in general economic conditions, either nationally or locally in the areas in which we conduct or will conduct our business; inflation, interest rate, market and monetary fluctuations; increases in competitive pressures among financial institutions and businesses offering similar products and services; higher defaults on our loan portfolio than we expect; changes in management’s estimate of the adequacy of the allowance for credit losses; legislative or regulatory changes or changes in accounting principles, policies or guidelines; supervisory actions by regulatory agencies which may limit our ability to pursue certain growth opportunities, including expansion through acquisitions; management’s estimates and projections of interest rates and interest rate policy; the execution of our business plan; and other factors affecting the financial services industry generally or the banking industry in particular.

Any forward-looking statement made by us in this release is based only on information currently available to us and speaks only as of the date on which it is made. We do not intend and disclaim any duty or obligation to update or revise any industry information or forward-looking statements, whether written or oral, that may be made from time to time, set forth in this press release to reflect new information, future events or otherwise.

About Western Alliance Bancorporation

With more than $10 billion in assets, top-performing Western Alliance Bancorporation (NYSE: WAL) is one of the fastest-growing bank holding companies in the U.S. Its primary subsidiary, Western Alliance Bank, is the go-to bank for business and succeeds with local teams of experienced bankers who deliver superior, personalized service and a full spectrum of deposit, lending, treasury management, international banking and online banking products and services. Western Alliance Bank operates full-service banking divisions: Alliance Bank of Arizona, Bank of Nevada, Bridge Bank, First Independent Bank and Torrey Pines Bank. The bank also serves business customers through a robust national platform of specialized financial services including Corporate Finance, Renewable Energy Group, Equity Fund Resources, Life Sciences Group, Mortgage Warehouse Lending, Public Finance, Resort Finance, Technology Finance and Alliance Association Bank. For more information visit westernalliancebancorp.com. For more information visit westernalliancebancorp.com.

¹ See Reconciliation of Non-GAAP Financial Measures beginning on page 18.

5

Western Alliance Bancorporation and Subsidiaries
Summary Consolidated Financial Data
Unaudited
Selected Balance Sheet Data:
	September 30, 2015		September 30, 2014		Change %
	(in millions)
Total assets	$	13,955.5	$	10,288.8	35.6	%
Total loans, net of deferred fees	10,788.3		7,929.5		36.1
Securities and money market investments	1,993.6		1,597.3		24.8
Total deposits	11,610.4		8,697.6		33.5
Borrowings	300.0		330.8		(9.3	)
Qualifying debt	206.8		41.8		394.7
Stockholders' equity	1,583.7		1,003.1		57.9
Tangible common equity, net of tax (1)	1,213.7		837.1		45.0
Selected Income Statement Data:
	For the Three Months Ended September 30,						For the Nine Months Ended September 30,
	2015		2014		Change %		2015		2014			Change %
	(in thousands)						(in thousands)
Interest income	$	146,233	$	105,554	38.5	%	$	373,813	$	306,228		22.1	%
Interest expense	8,826		7,481		18.0		24,580		23,480			4.7
Net interest income	137,407		98,073		40.1		349,233		282,748			23.5
Provision for credit losses	—		419		(100.0	)	700		4,426			(84.2	)
Net interest income after provision for credit losses	137,407		97,654		40.7		348,533		278,322			25.2
Non-interest income	13,826		6,073		127.7		17,568		16,229			8.3
Non-interest expense	72,916		49,859		46.2		188,158		151,572			24.1
Income from continuing operations before income taxes	78,317		53,868		45.4		177,943		142,979			24.5
Income tax expense	19,183		12,949		48.1		43,900		34,279			28.1
Income from continuing operations	59,134		40,919		44.5		134,043		108,700			23.3
Loss on discontinued operations, net of tax	—		—		—		—		(1,158		)	(100.0	)
Net income	$	59,134	$	40,919	44.5		$	134,043	$	107,542		24.6
Diluted earnings per share from continuing operations	$	0.58	$	0.46	26.1		$	1.44	$	1.23		17.1
Diluted loss per share from discontinued operations	—		—				—		(0.01		)
Diluted earnings per share available to common stockholders	$	0.58	$	0.46	26.1		$	1.44	$	1.22		18.0
(1) See Reconciliation of Non-GAAP Financial Measures.

6

Western Alliance Bancorporation and Subsidiaries
Summary Consolidated Financial Data
Unaudited
Common Share Data:
	At or for the Three Months Ended September 30,						At or for the Nine Months Ended September 30,
	2015		2014		Change %		2015		2014		Change %
Diluted earnings per share available to common stockholders	$	0.58	$	0.46	26.1	%	$	1.44	$	1.22	18.0	%
Book value per common share	$	14.79	$	9.81	50.8
Tangible book value per share, net of tax (1)	$	11.86	$	9.53	24.4
Average shares outstanding (in thousands):
Basic	100,776		86,723		16.2		92,345		86,495		6.8	%
Diluted	101,520		87,572		15.9		92,932		87,345		6.4
Common shares outstanding	102,305		87,849		16.5

Selected Performance Ratios:
Return on average assets (2)	1.73	%	1.63	%	6.1	%	1.50	%	1.47	%	2.0	%
Return on average tangible common equity (1, 2)	20.12		19.91		1.1		14.03		18.66		(24.8	)
Net interest margin (2)	4.59		4.43		3.6		4.45		4.41		0.9
Net interest spread	4.43		4.30		3.0		4.31		4.27		0.9
Efficiency ratio - tax equivalent basis (1)	46.84		47.05		(0.4	)	46.12		49.04		(6.0	)
Loan to deposit ratio	92.92		91.17		1.9
Asset Quality Ratios:
Net recoveries to average loans outstanding (2)	(0.08	)%	(0.15	)%	(46.7	)%	(0.09	)%	(0.09	)%	—	%
Nonaccrual loans to gross loans	0.44		0.95		(53.7	)
Nonaccrual loans and repossessed assets to total assets	0.76		1.23		(38.2	)
Loans past due 90 days and still accruing to total loans	0.05		0.04		25.0
Allowance for credit losses to gross loans	1.09		1.38		(21.0	)
Allowance for credit losses to nonaccrual loans	245.48		145.37		68.9

Capital Ratios (1):
	Basel III				Basel I
	September 30, 2015		June 30, 2015		September 30, 2014
Tangible common equity	8.9	%	8.7	%	8.2	%
Common Equity Tier 1 (3)	9.1		9.1		9.0
Tier 1 Leverage ratio (3)	9.9		10.0		10.1
Tier 1 Capital (3)	10.1		10.2		11.0
Total Capital (3)	12.1		12.2		12.2

(1)	See Reconciliation of Non-GAAP Financial Measures.
(2)	Annualized for the three and nine month periods ended September 30, 2015 and 2014.
(3)	Basel III capital ratios are preliminary until the Call Report is filed.

7

Western Alliance Bancorporation and Subsidiaries
Condensed Consolidated Income Statements
Unaudited
	Three Months Ended September 30,						Nine Months Ended September 30,
	2015			2014			2015			2014
	(dollars in thousands)
Interest income:
Loans	$	133,087		$	94,436		$	338,946		$	271,823
Investment securities	12,039			10,535			31,103			32,754
Other	1,107			583			3,764			1,651
Total interest income	146,233			105,554			373,813			306,228
Interest expense:
Deposits	5,550			5,172			16,058			14,767
Borrowings	1,268			1,866			5,622			7,406
Qualifying debt	2,008			443			2,900			1,307
Total interest expense	8,826			7,481			24,580			23,480
Net interest income	137,407			98,073			349,233			282,748
Provision for credit losses	—			419			700			4,426
Net interest income after provision for credit losses	137,407			97,654			348,533			278,322
Non-interest income:
Service charges	4,327			2,457			10,344			7,777
Bank owned life insurance	984			1,136			2,733			3,044
(Losses) gains on sales of investment securities, net	(62		)	181			582			384
Unrealized gains (losses) on assets and liabilities measured at fair value, net	5,371			896			(2,684		)	(145		)
Loss on extinguishment of debt	—			(502		)	(81		)	(502		)
Other	3,206			1,905			6,674			5,671
Total non-interest income	13,826			6,073			17,568			16,229
Non-interest expenses:
Salaries and employee benefits	43,660			32,230			108,607			93,536
Occupancy	5,915			4,479			15,677			13,458
Legal, professional and directors' fees	4,052			3,022			12,658			10,853
Data Processing	4,338			2,404			10,147			7,713
Insurance	3,375			1,996			7,739			6,476
Loan and repossessed asset expenses	1,099			901			3,473			2,937
Card expense	757			609			1,844			1,739
Marketing	747			378			1,587			1,443
Intangible amortization	704			281			1,266			1,180
Net gain on sales and valuations of repossessed and other assets	(104		)	(1,874		)	(1,673		)	(4,251		)
Acquisition / restructure expense	835			15			8,836			198
Other	7,538			5,418			17,997			16,290
Total non-interest expense	72,916			49,859			188,158			151,572
Income from continuing operations before income taxes	78,317			53,868			177,943			142,979
Income tax expense	19,183			12,949			43,900			34,279
Income from continuing operations	$	59,134		$	40,919		$	134,043		$	108,700
Loss from discontinued operations, net of tax	—			—			—			(1,158		)
Net income	$	59,134		$	40,919		$	134,043		$	107,542
Preferred stock dividends	176			353			599			1,058
Net income available to common stockholders	$	58,958		$	40,566		$	133,444		$	106,484
Diluted net income per share	$	0.58		$	0.46		$	1.44		$	1.22

8

Western Alliance Bancorporation and Subsidiaries
Five Quarter Condensed Consolidated Income Statements
Unaudited
	Three Months Ended
	Sep 30, 2015			Jun 30, 2015			Mar 31, 2015			Dec 31, 2014			Sep 30, 2014
	(in thousands, except per share data)
Interest income:
Loans	$	133,087		$	105,468		$	100,391		$	99,099		$	94,436
Investment securities	12,039			9,276			9,788			10,455			10,535
Other	1,107			1,874			783			597			583
Total interest income	146,233			116,618			110,962			110,151			105,554
Interest expense:
Deposits	5,550			5,362			5,146			5,245			5,172
Borrowings	1,268			2,087			2,267			2,314			1,866
Qualifying debt	2,008			451			441			447			443
Total interest expense	8,826			7,900			7,854			8,006			7,481
Net interest income	137,407			108,718			103,108			102,145			98,073
Provision for credit losses	—			—			700			300			419
Net interest income after provision for credit losses	137,407			108,718			102,408			101,845			97,654
Non-interest income:
Service charges	4,327			3,128			2,889			2,791			2,457
Bank owned life insurance	984			772			977			1,464			1,136
(Losses) gains on sales of investment securities, net	(62		)	55			589			373			181
Unrealized gains (losses) on assets and liabilities measured at fair value, net	5,371			(7,746		)	(309		)	1,357			896
Loss on extinguishment of debt	—			(81		)	—			—			(502		)
Other	3,206			1,681			1,787			2,432			1,905
Total non-interest income	13,826			(2,191		)	5,933			8,417			6,073
Non-interest expenses:
Salaries and employee benefits	43,660			32,406			32,541			33,094			32,230
Occupancy	5,915			4,949			4,813			4,698			4,479
Legal, professional, and directors' fees	4,052			4,611			3,995			3,425			3,022
Data Processing	4,338			2,683			3,126			2,345			2,404
Insurance	3,375			2,274			2,090			2,386			1,996
Loan and repossessed asset expenses	1,099			1,284			1,090			1,486			901
Card expense	757			613			474			678			609
Marketing	747			463			377			857			378
Intangible amortization	704			281			281			281			281
Net gain on sales and valuations of repossessed and other assets	(104		)	(1,218		)	(351		)	(1,102		)	(1,874		)
Acquisition / restructure expense	835			7,842			159			—			15
Other	7,538			5,021			5,438			7,594			5,418
Total non-interest expense	72,916			61,209			54,033			55,742			49,859
Income from continuing operations before income taxes	78,317			45,318			54,308			54,520			53,868
Income tax expense	19,183			10,599			14,118			14,111			12,949
Net income	$	59,134		$	34,719		$	40,190		$	40,409		$	40,919
Preferred stock dividends	176			247			176			329			353
Net Income available to common stockholders	$	58,958		$	34,472		$	40,014		$	40,080		$	40,566
Diluted net income per share	$	0.58		$	0.39		$	0.45		$	0.46		$	0.46

9

Western Alliance Bancorporation and Subsidiaries
Five Quarter Condensed Consolidated Balance Sheets
Unaudited
	Sep 30, 2015			Jun 30, 2015			Mar 31, 2015			Dec 31, 2014			Sep 30, 2014
	(in millions)
Assets:
Cash and due from banks	$	325.4		$	700.2		$	492.4		$	164.4		$	258.8
Securities purchased under agreement to resell	—			58.1			—			—			—
Cash and cash equivalents	325.4			758.3			492.4			164.4			258.8
Securities and money market investments	1,993.6			1,531.9			1,453.7			1,547.8			1,597.3
Loans held for sale	24.4			39.4			—			—			—
Loans held for investment:
Commercial	4,960.4			4,759.7			3,725.2			3,532.3			3,293.2
Commercial real estate - non-owner occupied	2,210.7			2,195.0			2,113.8			2,052.6			1,993.3
Commercial real estate - owner occupied	2,123.6			2,019.3			1,818.0			1,732.9			1,620.3
Construction and land development	1,121.9			1,002.7			842.9			748.1			671.8
Residential real estate	320.7			320.6			292.2			299.4			317.5
Consumer	26.6			24.0			26.5			33.0			33.4
Gross loans and deferred fees, net	10,763.9			10,321.3			8,818.6			8,398.3			7,929.5
Allowance for credit losses	(117.1		)	(115.1		)	(112.1		)	(110.2		)	(109.2		)
Loans, net	10,646.8			10,206.2			8,706.5			8,288.1			7,820.3
Premises and equipment, net	121.7			116.0			114.3			113.8			112.1
Other assets acquired through foreclosure, net	57.7			59.3			63.8			57.1			51.8
Bank owned life insurance	161.7			161.1			142.9			142.0			143.2
Goodwill and other intangibles, net	305.8			300.0			25.6			25.9			26.2
Other assets	318.4			297.9			252.7			261.4			279.1
Total assets	$	13,955.5		$	13,470.1		$	11,251.9		$	10,600.5		$	10,288.8
Liabilities and Stockholders' Equity:
Liabilities:
Deposits
Non-interest bearing demand deposits	$	4,077.5		$	3,924.4		$	2,657.4		$	2,288.0		$	2,246.7
Interest bearing:
Demand	1,024.5			1,001.3			936.5			854.9			809.4
Savings and money market	4,672.6			4,733.9			4,121.0			3,869.7			3,685.0
Time certificates	1,835.8			1,747.1			1,947.4			1,918.4			1,956.5
Total deposits	11,610.4			11,406.7			9,662.3			8,931.0			8,697.6
Customer repurchase agreements	53.2			42.2			47.2			54.9			53.0
Total customer funds	11,663.6			11,448.9			9,709.5			8,985.9			8,750.6
Securities sold short	—			57.6			—			—			—
Borrowings	300.0			69.5			275.2			390.3			330.8
Qualifying debt	206.8			208.4			40.7			40.4			41.8
Accrued interest payable and other liabilities	201.4			171.0			175.2			183.0			162.5
Total liabilities	12,371.8			11,955.4			10,200.6			9,599.6			9,285.7
Stockholders' Equity:
Preferred stock	70.5			70.5			70.5			70.5			141.0
Common stock and additional paid-in capital	1,273.7			1,269.0			831.9			828.3			807.2
Retained earnings	218.9			159.9			125.5			85.5			45.4
Accumulated other comprehensive income	20.6			15.3			23.4			16.6			9.5
Total stockholders' equity	1,583.7			1,514.7			1,051.3			1,000.9			1,003.1
Total liabilities and stockholders' equity	$	13,955.5		$	13,470.1		$	11,251.9		$	10,600.5		$	10,288.8

10

Western Alliance Bancorporation and Subsidiaries
Changes in the Allowance For Credit Losses
Unaudited
	Three Months Ended
	Sep 30, 2015			Jun 30, 2015			Mar 31, 2015			Dec 31, 2014			Sep 30, 2014
	(in thousands)
Balance, beginning of period	$	115,056		$	112,098		$	110,216		$	109,161		$	105,937
Provision for credit losses	—			—			700			300			419
Recoveries of loans previously charged-off:
Commercial and industrial	1,147			681			916			1,499			1,053
Commercial real estate - non-owner occupied	968			335			277			229			1,226
Commercial real estate - owner occupied	433			1,403			106			43			553
Construction and land development	329			1,373			157			1,268			182
Residential real estate	232			1,184			533			261			768
Consumer	24			24			40			64			34
Total recoveries	3,133			5,000			2,029			3,364			3,816
Loans charged-off:
Commercial and industrial	1,109			1,771			393			1,743			110
Commercial real estate - non-owner occupied	—			—			—			—			158
Commercial real estate - owner occupied	—			—			—			270			35
Construction and land development	—			—			—			8			—
Residential real estate	8			218			400			377			423
Consumer	—			53			54			211			285
Total loans charged-off	1,117			2,042			847			2,609			1,011
Net loan recoveries	(2,016		)	(2,958		)	(1,182		)	(755		)	(2,805		)
Balance, end of period	$	117,072		$	115,056		$	112,098		$	110,216		$	109,161
Net recoveries to average loans outstanding - annualized	(0.08		)%	(0.13		)%	(0.06		)%	(0.04		)%	(0.15		)%
Allowance for credit losses to gross loans	1.09			1.11			1.27			1.31			1.38
Nonaccrual loans	$	47,692		$	59,425		$	60,742		$	67,659		$	75,092
Repossessed assets	57,719			59,335			63,759			57,150			51,787
Loans past due 90 days, still accruing	5,550			8,284			3,730			5,132			3,558
Loans past due 30 to 89 days, still accruing	19,630			4,006			14,137			9,804			16,500
Classified loans on accrual	108,341			101,165			76,090			90,393			107,776
Special mention loans	153,431			132,313			100,345			97,504			98,265

11

Western Alliance Bancorporation and Subsidiaries
Analysis of Average Balances, Yields and Rates
Unaudited
	Three Months Ended September 30,
	2015							2014
	Average Balance			Interest		Average Yield / Cost		Average Balance			Interest		Average Yield / Cost
	($ in millions)			($ in thousands)				($ in millions)			($ in thousands)
Interest earning assets
Loans (1)	$	10,505.7		$	133,087	5.31	%	$	7,644.9		$	94,436	5.18	%
Securities (1)	1,862.4			12,039		2.98		1,575.7			10,535		3.11
Other	322.2			1,107		1.37		203.1			583		1.15
Total interest earning assets	12,690.3			146,233		4.87		9,423.7			105,554		4.75
Non-interest earning assets
Cash and due from banks	158.4							137.6
Allowance for credit losses	(116.1		)					(107.0		)
Bank owned life insurance	161.1							142.7
Other assets	772.1							458.3
Total assets	$	13,665.8						$	10,055.3
Interest-bearing liabilities
Interest-bearing deposits:
Interest-bearing transaction accounts	$	1,004.7		$	447	0.18	%	$	810.3		$	400	0.20	%
Savings and money market	4,723.5			3,245		0.27		3,659.9			2,809		0.31
Time certificates of deposit	1,763.5			1,858		0.42		1,763.8			1,963		0.45
Total interest-bearing deposits	7,491.7			5,550		0.30		6,234.0			5,172		0.33
Short-term borrowings	282.0			1,268		1.80		119.9			219		0.73
Long-term debt	—			—		—		272.0			1,647		2.42
Qualifying debt	197.8			2,008		4.06		42.7			443		4.15
Total interest-bearing liabilities	7,971.5			8,826		0.44		6,668.6			7,481		0.45
Non-interest-bearing liabilities
Non-interest-bearing demand deposits	3,961.3							2,241.4
Other liabilities	183.4							155.8
Stockholders’ equity	1,549.6							989.5
Total liabilities and stockholders' equity	$	13,665.8						$	10,055.3
Net interest income and margin				$	137,407	4.59	%				$	98,073	4.43	%
Net interest spread						4.43	%						4.30	%
(1) Yields on loans and securities have been adjusted to a tax equivalent basis. The taxable-equivalent adjustment was $8,183 and $6,348 for the three months ended September 30, 2015 and 2014, respectively.

12

Western Alliance Bancorporation and Subsidiaries
Analysis of Average Balances, Yields and Rates
Unaudited
	Nine Months Ended September 30,
	2015							2014
	Average Balance			Interest		Average Yield / Cost		Average Balance			Interest		Average Yield / Cost
	($ in millions)			($ in thousands)				($ in millions)			($ in thousands)
Interest earning assets
Loans (1)	$	9,309.2		$	338,946	5.12	%	$	7,241.6		$	271,823	5.24	%
Securities (1)	1,590.1			31,103		3.03		1,618.8			32,754		3.11
Other	257.9			3,764		1.95		235.2			1,651		0.94
Total interest earnings assets	11,157.2			373,813		4.75		9,095.6			306,228		4.75
Non-interest earning assets
Cash and due from banks	131.9							138.9
Allowance for credit losses	(114.0		)					(104.4		)
Bank owned life insurance	149.0							141.8
Other assets	561.2							450.3
Total assets	$	11,885.3						$	9,722.2
Interest-bearing liabilities
Interest-bearing deposits:
Interest bearing transaction accounts	$	965.8		$	1,256	0.17	%	$	789.1		$	1,169	0.20	%
Savings and money market	4,286.9			8,997		0.28		3,566.0			8,063		0.30
Time certificates of deposits	1,843.9			5,805		0.42		1,695.1			5,535		0.44
Total interest-bearing deposits	7,096.6			16,058		0.30		6,050.2			14,767		0.33
Short-term borrowings	212.8			4,821		3.02		174.2			565		0.43
Long-term debt	102.5			801		1.04		284.6			6,841		3.20
Qualifying debt	94.7			2,900		4.08		42.5			1,307		4.10
Total interest-bearing liabilities	7,506.6			24,580		0.44		6,551.5			23,480		0.48
Non-interest-bearing liabilities
Non-interest-bearing demand deposits	2,985.1							2,114.4
Other liabilities	169.7							120.3
Stockholders’ equity	1,223.9							936.0
Total liabilities and stockholders' equity	$	11,885.3						$	9,722.2
Net interest income and margin				$	349,233	4.45	%				$	282,748	4.41	%
Net interest spread						4.31	%						4.27	%
(1) Yields on loans and securities have been adjusted to a tax equivalent basis. The taxable-equivalent adjustment was $23,450 and $18,082 for the nine months ended September 30, 2015 and 2014, respectively.

13

Western Alliance Bancorporation and Subsidiaries
Operating Segment Results
Unaudited
Balance Sheets:
	Arizona			Nevada			Southern California			Northern California			Central Business Lines			Corporate & Other			Consolidated Company
At September 30, 2015	(dollars in millions)
Assets:
Cash, cash equivalents, and investment securities	$	2.1		$	10.4		$	2.1		$	2.6		$	—		$	2,301.8		$	2,319.0
Loans, net of deferred loan fees and costs	2,705.8			1,779.4			1,708.2			1,165.0			3,390.4			39.5			10,788.3
Less: allowance for credit losses	(29.4		)	(19.4		)	(18.6		)	(12.4		)	(36.9		)	(0.4		)	(117.1		)
Total loans	2,676.4			1,760.0			1,689.6			1,152.6			3,353.5			39.1			10,671.2
Other assets acquired through foreclosure, net	22.2			20.7			—			0.6			—			14.2			57.7
Goodwill and other intangible assets, net	—			25.0			—			158.5			122.2			0.1			305.8
Other assets	48.6			61.4			15.4			15.0			23.7			437.7			601.8
Total assets	$	2,749.3		$	1,877.5		$	1,707.1		$	1,329.3		$	3,499.4		$	2,792.9		$	13,955.5
Liabilities:
Deposits	$	2,463.7		$	3,329.9		$	1,938.5		$	1,470.1		$	2,030.4		$	377.8		$	11,610.4
Borrowings and qualifying debt	—			—			—			—			—			506.8			506.8
Other liabilities	18.7			32.6			12.2			11.8			85.2			94.1			254.6
Total liabilities	2,482.4			3,362.5			1,950.7			1,481.9			2,115.6			978.7			12,371.8
Allocated equity:	294.7			248.2			187.3			291.3			412.6			149.6			1,583.7
Total liabilities and stockholders' equity	$	2,777.1		$	3,610.7		$	2,138.0		$	1,773.2		$	2,528.2		$	1,128.3		$	13,955.5
Excess funds provided (used)	27.8			1,733.2			430.9			443.9			(971.2		)	(1,664.6		)	—
No. of offices	11			18			9			2			7			—			47
No. of full-time equivalent employees	225			282			201			189			146			372			1,415
At December 31, 2014
Assets:
Cash, cash equivalents, and investment securities	$	2.3		$	5.0		$	2.2		$	0.3		$	—		$	1,702.4		$	1,712.2
Loans, net of deferred loan fees and costs	2,341.9			1,668.7			1,553.1			198.6			2,590.0			46.0			8,398.3
Less: allowance for credit losses	(30.7		)	(21.9		)	(17.9		)	(5.1		)	(34.0		)	(0.6		)	(110.2		)
Total loans	2,311.2			1,646.8			1,535.2			193.5			2,556.0			45.4			8,288.1
Other assets acquired through foreclosure, net	15.5			21.0			—			—			—			20.6			57.1
Goodwill and other intangible assets, net	—			25.9			—			—			—			—			25.9
Other assets	34.8			64.2			6.2			15.3			22.9			373.8			517.2
Total assets	$	2,363.8		$	1,762.9		$	1,543.6		$	209.1		$	2,578.9		$	2,142.2		$	10,600.5
Liabilities:
Deposits	$	2,178.0		$	3,230.6		$	1,744.5		$	584.0		$	946.6		$	247.3		$	8,931.0
Other borrowings	—			—			—			—			—			390.3			390.3
Other liabilities	17.4			40.8			8.9			0.2			72.4			138.6			278.3
Total liabilities	2,195.4			3,271.4			1,753.4			584.2			1,019.0			776.2			9,599.6
Allocated equity:	250.8			209.0			70.9			126.8			232.9			110.5			1,000.9
Total liabilities and stockholders' equity	$	2,446.2		$	3,480.4		$	1,824.3		$	711.0		$	1,251.9		$	886.7		$	10,600.5
Excess funds provided (used)	82.4			1,717.5			280.7			501.9			(1,327.0		)	(1,255.5		)	—
No. of offices	11			18			9			2			—			—			40
No. of full-time equivalent employees	215			295			198			29			99			295			1,131

14

Western Alliance Bancorporation and Subsidiaries
Operating Segment Results
Unaudited
	Arizona			Nevada			Southern California			Northern California			Central Business Lines			Corporate & Other			Consolidated Company
	(dollars in millions)
At September 30, 2014
Assets:
Cash, cash equivalents, and investment securities	$	2.1		$	5.3		$	2.1		$	0.2		$	—		$	1,846.4		$	1,856.1
Loans, net of deferred loan fees and costs	2,204.9			1,680.1			1,531.0			194.7			2,264.9			53.9			7,929.5
Less: allowance for credit losses	(30.4		)	(23.1		)	(18.7		)	(5.1		)	(31.2		)	(0.7		)	(109.2		)
Total loans	2,174.5			1,657.0			1,512.3			189.6			2,233.7			53.2			7,820.3
Other assets acquired through foreclosure, net	13.5			19.2			—			—			—			19.1			51.8
Goodwill and other intangible assets, net	—			26.2			—			—			—			—			26.2
Other assets	44.6			69.2			30.7			10.3			20.5			359.1			534.4
Total assets	$	2,234.7		$	1,776.9		$	1,545.1		$	200.1		$	2,254.2		$	2,277.8		$	10,288.8
Liabilities:
Deposits	$	2,077.4		$	3,193.8		$	1,780.6		$	569.3		$	906.0		$	170.5		$	8,697.6
Other borrowings	—			—			—			—			—			330.8			330.8
Other liabilities	21.2			41.7			10.6			0.2			42.1			141.5			257.3
Total liabilities	2,098.6			3,235.5			1,791.2			569.5			948.1			642.8			9,285.7
Allocated equity:	236.9			209.0			78.8			118.2			203.9			156.3			1,003.1
Total liabilities and stockholders' equity	$	2,335.5		$	3,444.5		$	1,870.0		$	687.7		$	1,152.0		$	799.1		$	10,288.8
Excess funds provided (used)	100.8			1,667.6			324.9			487.6			(1,102.2		)	(1,478.7		)	—
No. of offices	10			18			9			2			—			—			39
No. of full-time equivalent employees	216			301			198			25			93			287			1,120

15

Western Alliance Bancorporation and Subsidiaries
Operating Segment Results
Unaudited
Income Statements:
	Arizona			Nevada			Southern California			Northern California			Central Business Lines			Corporate & Other			Consolidated Company
	(in thousands)
Three Months Ended September 30, 2015:
Net interest income (expense)	$	32,920		$	30,875		$	24,146		$	24,012		$	37,347		$	(11,893	)	$	137,407
Provision for credit losses	1,964			(2,376		)	(442		)	1,390			(488		)	(48		)	—
Net interest income (expense) after provision for credit losses	30,956			33,251			24,588			22,622			37,835			(11,845		)	137,407
Non-interest income	962			2,199			586			2,484			1,435			6,160			13,826
Non-interest expense	(15,160		)	(15,513		)	(11,909		)	(12,846		)	(13,127		)	(4,361		)	(72,916		)
Income (loss) from continuing operations before income taxes	16,758			19,937			13,265			12,260			26,143			(10,046		)	78,317
Income tax expense (benefit)	6,574			6,978			5,578			5,156			9,804			(14,907		)	19,183
Net income	$	10,184		$	12,959		$	7,687		$	7,104		$	16,339		$	4,861		$	59,134
Nine Months Ended September 30, 2015:
Net interest income (expense)	$	93,996		$	90,030		$	70,706		$	33,681		$	85,089		$	(24,269	)	$	349,233
Provision for (recovery of) credit losses	2,122			(5,175		)	(176		)	1,876			2,172			(119		)	700
Net interest income (expense) after provision for credit losses	91,874			95,205			70,882			31,805			82,917			(24,150		)	348,533
Non-interest income	2,909			6,852			2,101			2,806			2,472			428			17,568
Non-interest expense	(44,521		)	(45,020		)	(35,387		)	(16,776		)	(31,950		)	(14,504		)	(188,158		)
Income (loss) from continuing operations before income taxes	50,262			57,037			37,596			17,835			53,439			(38,226		)	177,943
Income tax expense (benefit)	19,718			19,963			15,809			7,500			20,040			(39,130		)	43,900
Net income	$	30,544		$	37,074		$	21,787		$	10,335		$	33,399		$	904		$	134,043

16

Western Alliance Bancorporation and Subsidiaries
Operating Segment Results
Unaudited
Income Statements:
	Arizona			Nevada			Southern California			Northern California			Central Business Lines			Corporate & Other			Consolidated Company
	(in thousands)
Three Months Ended September 30, 2014:
Net interest income (expense)	$	28,417		$	29,880		$	23,429		$	2,401		$	18,861		$	(4,915	)	$	98,073
Provision for credit losses	330			(3,040		)	96			—			3,294			(261		)	419
Net interest income (expense) after provision for credit losses	28,087			32,920			23,333			2,401			15,567			(4,654		)	97,654
Non-interest income	774			2,126			849			40			513			1,771			6,073
Non-interest expense	(14,108		)	(13,873		)	(12,301		)	(885		)	(6,477		)	(2,215		)	(49,859		)
Income (loss) from continuing operations before income taxes	14,753			21,173			11,881			1,556			9,603			(5,098		)	53,868
Income tax expense (benefit)	5,787			7,411			4,995			654			3,601			(9,499		)	12,949
Net income	$	8,966		$	13,762		$	6,886		$	902		$	6,002		$	4,401		$	40,919
Nine Months Ended September 30, 2014:
Net interest income (expense)	$	84,236		$	87,834		$	66,610		$	6,714		$	49,051		$	(11,697	)	$	282,748
Provision for credit losses	1,891			(5,935		)	(921		)	—			8,931			460			4,426
Net interest income (expense) after provision for credit losses	82,345			93,769			67,531			6,714			40,120			(12,157		)	278,322
Non-interest income	2,484			6,510			2,866			105			1,238			3,026			16,229
Non-interest expense	(40,161		)	(44,878		)	(36,661		)	(2,772		)	(19,625		)	(7,475		)	(151,572		)
Income (loss) from continuing operations before income taxes	44,668			55,401			33,736			4,047			21,733			(16,606		)	142,979
Income tax expense (benefit)	17,521			19,392			14,184			1,702			8,150			(26,670		)	34,279
Income from continuing operations	27,147			36,009			19,552			2,345			13,583			10,064			108,700
Loss from discontinued operations, net	—			—			—			—			—			(1,158		)	(1,158		)
Net income	$	27,147		$	36,009		$	19,552		$	2,345		$	13,583		$	8,906		$	107,542

17

Western Alliance Bancorporation and Subsidiaries
Reconciliation of Non-GAAP Financial Measures
Unaudited
Pre-Tax, Pre-Provision Operating Earnings by Quarter:
	Three Months Ended
	Sep 30, 2015			Jun 30, 2015			Mar 31, 2015			Dec 31, 2014			Sep 30, 2014
	(in thousands)
Total non-interest income	$	13,826		$	(2,191	)	$	5,933		$	8,417		$	6,073
Less:
(Losses) gains on sales of investment securities, net	(62		)	55			589			373			181
Unrealized gains (losses) on assets and liabilities measured at fair value, net	5,371			(7,746		)	(309		)	1,357			896
Loss on extinguishment of debt	—			(81		)	—			—			(502		)
Total operating non-interest income	8,517			5,581			5,653			6,687			5,498
Plus: net interest income	137,407			108,718			103,108			102,145			98,073
Net operating revenue (1)	$	145,924		$	114,299		$	108,761		$	108,832		$	103,571
Total non-interest expense	$	72,916		$	61,209		$	54,033		$	55,742		$	49,859
Less:
Net gain on sales and valuations of repossessed and other assets	(104		)	(1,218		)	(351		)	(1,102		)	(1,874		)
Acquisition / restructure expense	835			7,842			159			—			15
Total operating non-interest expense (1)	$	72,185		$	54,585		$	54,225		$	56,844		$	51,718
Pre-tax, pre-provision operating earnings (2)	$	73,739		$	59,714		$	54,536		$	51,988		$	51,853
Tangible Common Equity:
	Sep 30, 2015			Jun 30, 2015			Mar 31, 2015			Dec 31, 2014			Sep 30, 2014
	(dollars and shares in thousands)
Total stockholders' equity	$	1,583,698		$	1,514,744		$	1,051,330		$	1,000,928		$	1,003,122
Less: goodwill and intangible assets	305,767			299,975			25,632			25,913			26,194
Total tangible stockholders' equity	1,277,931			1,214,769			1,025,698			975,015			976,928
Less: preferred stock	70,500			70,500			70,500			70,500			141,000
Total tangible common equity	1,207,431			1,144,269			955,198			904,515			835,928
Plus: deferred tax - attributed to intangible assets	6,290			6,515			903			1,006			1,138
Total tangible common equity, net of tax	$	1,213,721		$	1,150,784		$	956,101		$	905,521		$	837,066
Total assets	$	13,955,570		$	13,470,104		$	11,251,943		$	10,600,498		$	10,288,824
Less: goodwill and intangible assets, net	305,767			299,975			25,632			25,913			26,194
Tangible assets	13,649,803			13,170,129			11,226,311			10,574,585			10,262,630
Plus: deferred tax - attributed to intangible assets	6,290			6,515			903			1,006			1,138
Total tangible assets, net of tax	$	13,656,093		$	13,176,644		$	11,227,214		$	10,575,591		$	10,263,768
Tangible common equity ratio (3)	8.9		%	8.7		%	8.5		%	8.6		%	8.2		%
Common shares outstanding	102,305			102,291			89,180			88,691			87,849
Tangible book value per share, net of tax (4)	$	11.86		$	11.25		$	10.72		$	10.21		$	9.53

18

Western Alliance Bancorporation and Subsidiaries
Reconciliation of Non-GAAP Financial Measures
Unaudited
Efficiency Ratio by Quarter:
	Three Months Ended
	Sep 30, 2015			Jun 30, 2015			Mar 31, 2015			Dec 31, 2014			Sep 30, 2014
	(in thousands)
Total operating non-interest expense	$	72,185		$	54,585		$	54,225		$	56,844		$	51,718
Divided by:
Total net interest income	137,407			108,718			103,108			102,145			98,073
Plus:
Tax equivalent interest adjustment	8,183			7,878			7,389			6,489			6,348
Operating non-interest income	8,517			5,581			5,653			6,687			5,498
	$	154,107		$	122,177		$	116,150		$	115,321		$	109,919
Efficiency ratio - tax equivalent basis (5)	46.8		%	44.7		%	46.7		%	49.3		%	47.1		%

Allowance for Credit Losses, Adjusted for Acquisition Accounting:
	Sep 30, 2015			Jun 30, 2015			Mar 31, 2015			Dec 31, 2014			Sep 30, 2014
	(in thousands)
Allowance for credit losses	$	117,072		$	115,056		$	112,098		$	110,216		$	109,161
Plus: remaining credit marks
Acquired performing loans	14,299			16,405			2,150			2,335			2,593
Purchased credit impaired loans	11,347			8,643			8,770			9,279			10,788
Adjusted allowance for credit losses	$	142,718		$	140,104		$	123,018		$	121,830		$	122,542
Gross loans held for investment and deferred fees, net	$	10,763,939		$	10,321,221		$	8,818,554		$	8,398,265		$	7,929,520
Plus: remaining credit marks
Acquired performing loans	14,299			16,405			2,150			2,335			2,593
Purchased credit impaired loans	11,347			8,643			8,770			9,279			10,788
Adjusted loans, net of deferred fees and costs	$	10,789,585		$	10,346,269		$	8,829,474		$	8,409,879		$	7,942,901
Allowance for credit losses to gross loans	1.09		%	1.11		%	1.27		%	1.31		%	1.38		%
Allowance for credit losses to gross loans, adjusted for acquisition accounting (6)	1.32			1.35			1.39			1.45			1.54

19

Western Alliance Bancorporation and Subsidiaries

Reconciliation of Non-GAAP Financial Measures

Unaudited

Regulatory Capital:

	Basel III
	September 30, 2015
	(in thousands)
Common Equity Tier 1:
Common equity	$	1,513,198
Less:
Accumulated other comprehensive income	20,643
Non-qualifying goodwill and intangibles	295,425
Disallowed unrealized losses on equity securities	102
Disallowed deferred tax asset	5,067
Unrealized gain on trust preferred securities	7,255
Common equity Tier 1 (regulatory) (7) (10)	$	1,184,706
Plus:
Trust preferred securities	81,500
Preferred stock	70,500
Less:
Disallowed deferred tax asset	7,600
Unrealized gain on trust preferred securities	10,884
Tier 1 capital (8) (10)	$	1,318,222
Divided by: estimated risk-weighted assets (regulatory (8) (10)	$	13,031,067
Common equity Tier 1 ratio (8) (10)	9.1		%
Total Capital:
Tier 1 capital (regulatory) (7) (10)	$	1,318,222
Plus:
Subordinated debt	142,004
Qualifying allowance for credit losses	117,072
Other	3,296
Less: Tier 2 qualifying capital deductions	—
Tier 2 capital	$	262,372
Total capital	$	1,580,594
Classified asset to common equity Tier 1 plus allowance:
Classified assets	$	224,148
Divided by:
Common equity Tier 1 (regulatory) (7) (10)	1,184,706
Plus: Allowance for credit losses	117,072
Total Common equity Tier 1 plus allowance for credit losses	$	1,301,778
Classified assets to common equity Tier 1 plus allowance (9) (10)	17		%

20

(1)	We believe these non-GAAP measurements provide a useful indication of the cash generating capacity of the Company.
(2)	We believe this non-GAAP measurement is a key indicator of the earnings power of the Company.
(3)	We believe these non-GAAP ratios provide an important metric with which to analyze and evaluate financial condition and capital strength.
(4)	We believe this non-GAAP ratio improves the comparability to other institutions that have not engaged in acquisitions that resulted in recorded goodwill and other intangibles.
(5)	We believe this non-GAAP ratio provides a useful metric to measure the operating efficiency of the Company.
(6)	We believe this non-GAAP ratio is a useful metric in understanding the Company's total allowance for credit losses, adjusted for acquisition accounting, as under U.S. GAAP, a company's allowance for credit losses is not carried over in an acquisition, rather these loans are shown as being purchased at a discount that factors in expected future credit losses.
(7)	Under the current guidelines of the Federal Reserve and the Federal Deposit Insurance Corporation, common equity Tier 1 capital consists of common stock, retained earnings, and minority interests in certain subsidiaries, less most other intangible assets.
(8)	Common equity Tier 1 is often expressed as a percentage of risk-weighted assets. Under the risk-based capital framework, a bank's balance sheet assets and credit equivalent amounts of off-balance sheet items are assigned to one of the risk categories defined under new capital guidelines. The aggregated dollar amount in each category is then multiplied by the risk weighting assigned to that category. The resulting weighted values from each category are added together and this sum is the risk-weighted assets total that, as adjusted, comprises the denominator (risk-weighted assets) to determine the common equity Tier 1 ratio. Common equity Tier 1 is divided by the risk-weighted assets to determine the common equity Tier 1 ratio. We believe this non-GAAP ratio provides an important metric with which to analyze and evaluate financial condition and capital strength.
(9)	We believe this non-GAAP ratio provides an important regulatory metric to analyze asset quality.
(10)	Current quarter is preliminary until Call Reports are filed.

CONTACT:

Western Alliance Bancorporation

Dale Gibbons, 602-952-5476

21

EX-99.2

(NYSE: WAL) October 16, 2015 Western Alliance Bancorporation 3rd Quarter Earnings Call

2 Financial Highlights Q3 2015 Highlights q Q3 2015 net income of $59.1 million and EPS of $0.58, compared to $34.7 million and $0.39 in prior quarter and $40.9 million and $0.46 in prior year q Net income and earnings per share includes a total benefit of $0.05 per share from net unrealized gains on assets and liabilities measured at fair value, non-recurring tax benefits, and accelerated recognition of accretion income, offset by acquisition and other non-recurring expenses q Net operating revenue of $145.9 million, $31.6 million or 27.6% higher than in prior quarter, and $42.4 million or 40.9% higher than prior year q Efficiency ratio of 46.8%, compared to 44.7% in the prior quarter and 47.1% in the prior year q Loan growth of $427 million (or 4.1%) from prior quarter to $10.79 billion, and $2.86 billion (or 36.1%) from prior year q Nonperforming assets (nonaccrual loans and repossessed assets) to total assets was 0.76%. Net loan recoveries to average loans outstanding was 0.08% (annualized) q Deposit growth of $203 million to $11.61 billion from prior quarter, and $2.91 billion (or 33.5%) from prior year q Tangible book value per share increased $0.61 (or 5.4%) to $11.86 from prior quarter, and $2.33 (or 24.4%) from prior year q Tangible Common Equity ratio of 8.9% and Common Equity Tier 1 ratio of 9.1%, compared to 8.7% and 9.1% in prior quarter q ROA of 1.73% and ROTCE of 20.12% compared to ROA of 1.63% and ROTCE of 19.91% in prior year

3 Quarterly Consolidated Financial Results Q3 2015 Highlights q Net Interest Income rose $28.7 million, including $25.5 million from Bridge q Non-Interest Income increased due to service charges, FX, SBA loan sales, warrant, and other income from Bridge q Operating Non-Interest Expense increased $17.6 million due to $14.6 million in Bridge expenses and increased FDIC expense of $1.1 million q Debt Valuation and Other FMV Adjustments relates to the $5.3 million non-cash gain for the change in valuation of Trust Preferreds as a result of interest rate changes q The effective tax rate was 24.5%, which benefited from various non- recurring items in the quarter $ in millions, except EPS Q3-15 Q2-15 Q3-14 Net Interest Income $ 137.4 $ 108.7 $ 98.1 Operating Non-Interest Income 8.5 5.6 5.5 Net Operating Revenue $ 145.9 $ 114.3 $ 103.6 Operating Non-Interest Expense (72.2) (54.6) (51.7) Pre-Tax, Pre-Provision Income $ 73.7 $ 59.7 $ 51.9 Provision for Credit Losses — — (0.4) Gains on OREO and Other Assets 0.1 1.2 1.9 Debt Valuation and Other Fair Market Value Adjustments 5.4 (7.7) 0.9 Acquisition and Other (0.9) (7.9) (0.4) Pre-tax Income $ 78.3 $ 45.3 $ 53.9 Income Tax (19.2) (10.6) (12.9) Net Income $ 59.1 $ 34.7 $ 40.9 Preferred Dividend (0.2) (0.2) (0.4) Net Income Available to Common $ 58.9 $ 34.5 $ 40.5 Average Diluted Shares Outstanding 101.5 88.7 87.6 Earnings Per Share $ 0.58 $ 0.39 $ 0.46

4 Cash and Due from Banks Net Interest Drivers Q3-14 Q4-14 Q1-15 Q2-15 Q3-15 $259 $164 $492 $700 $325 $ in billions, unless otherwise indicated Loans and Yields Total Investments and Yield Interest Bearing Deposits and Cost of Funds $ in millions Q3-14 Q4-14 Q1-15 Q2-15 Q3-15 3.11% 3.07% 3.09% 3.06% 2.98% $1.6 $1.5 $1.5 $1.5 $2.0 Q3-14 Q4-14 Q1-15 Q2-15 Q3-15 0.33% 0.32% 0.30% 0.31% 0.30% $6.5 $6.6 $7.0 $7.5 $7.5 Q3-14 Q4-14 Q1-15 Q2-15 Q3-15 5.18% 5.20% 4.97% 5.06% 5.31% $7.9 $8.4 $8.8 $10.4 $10.8 Q3 2015 Highlights q Cash fell $375 million and Investments rose primarily because excess cash from the Bridge acquisition was redeployed to higher-yielding investments. Investment yields fell 8 bps because yields on the purchased instruments are lower than those in the existing portfolio q Loan yields increased 25 bps due to the addition of higher yielding Bridge loans, increased accretion on Bridge loans, and one additional day in the quarter q Cost of funds for total deposits, including non-interest bearing deposits, fell from 0.22% to 0.19% quarter-over-quarter due to the inclusion of Bridge's non-interest bearing deposits

5 Net Interest Income and Accretion $ in millions Q3 2015 Highlights q NIM increased as a result of higher yielding Bridge loans and acquired loan accretion q Adjusted NIM for acquired loan accretion was 4.37% for the quarter, compared to reported NIM of 4.59% Net Interest Income and NIM Acquired Loan Accretion and Adjusted NIM Q3-14 Q4-14 Q1-15 Q2-15 Q3-15 4.43% 4.44% 4.35% 4.41% 4.59% Non-PCI Accretion PCI Accretion Adjusted Net Interest Margin, excluding accretion Q3-14 Q4-14 Q1-15 Q2-15 Q3-15 $0.1 $4.7 $4.1 $2.7 $2.1 $3.1 $2.34.24% 4.32% 4.27% 4.28% 4.37% $98.1 $102.1 $103.1 $108.7 $137.4 $(0.2) Scheduled Acquisition Loan Accretion * Non-PCI Rate and Credit Accretion PCI Rate Accretion Q4-15 Q1-16 Q2-16 Q3-16 Q4-16 $3.2 $2.4 $2.0 $1.7 $1.4 $0.9 $0.9 $0.9 $0.9 $0.8$0.5 $0.1 * Amounts do not include early payoffs of loansEnding rate and credit marks on all acquired loans at 9/30/2015 is $47.4 million

6 Q3-14 Q4-14 Q1-15 Q2-15 Q3-15 $6.5 $7.1 $6.9 $7.2 $9.3 $5.4 $5.8 $7.1 $7.3 $8.4 $7.6 $10.8 $7.7 $7.7 $10.8 Operating Expenses and Efficiency $ in millions Q3 2015 Highlights q The efficiency ratio increased to 46.8% primarily because of acquiring the higher cost structure at Bridge q Compensation expense increased $9.5 million due to the addition of Bridge employees and the remaining increase relates to increased performance-based awards q Insurance increased $1.1 million due to increased FDIC insurance premiums as a result of being over $10 billion in assets for four consecutive quarters q Other expenses increased for various charitable contributions, off balance sheet provision, and intangible asset amortization Operating Expenses and Efficiency Ratio Breakdown of Operating Expenses Other Professional Fees + Data Processing Occupancy + Insurance Compensation Q3-14 Q4-14 Q1-15 Q2-15 Q3-15 47.1% 49.3% 46.7% 44.7% 46.8% $51.7 $56.8 $54.2 $54.6 $72.2 $43.7 $32.2 $33.1 $32.5 $32.4

7 Pre-Tax, Pre-Provision Operating Income, Net Income, and ROA Pre-Tax, Pre-Provision Operating Income and ROA Q3-14 Q4-14 Q1-15 Q2-15 Q3-15 $51.9 $52.0 $54.5 $59.7 $73.7 2.06% 2.00% 2.03% 2.14% 2.16% Q3-14 Q4-14 Q1-15 Q2-15 Q3-15 $40.9 $40.4 $40.2 $34.7 $59.1 1.63% 1.56% 1.49% 1.24% 1.73% Both Pre-Tax, Pre-Provision Operating Income and Net Income increased over prior quarter primarily because of the Bridge acquisition and organic loan growth. Return on Assets increased 49 bps over Q2 largely because of one-time Bridge merger expenses and Trust Preferreds valuation loss reduced Q2 ROA while one-time Trust Preferreds valuation gain and increased purchase accounting loan accretion increased Q3 ROA. Net Income and ROA $ in millions

8 Consolidated Balance Sheet $ in millions q Total Loans increased $427 million over last quarter as a result of organic growth q Deposits increased $203 million over last quarter as a result of organic growth q Borrowings increased due to overnight FHLB advances to fund loan growth q Tangible Book Value/Share increased $0.61 (5.4%) over prior quarter and $2.33 (24.4%) over prior year Q3 2015 HighlightsQ3-15 Q2-15 Q3-14 Investments & Cash $ 2,319 $ 2,290 $ 1,856 Total Loans 10,788 10,361 7,930 Allowance for Credit Losses (117) (115) (109) Other Assets 966 934 612 Total Assets $ 13,956 $ 13,470 $ 10,289 Deposits $ 11,610 $ 11,407 $ 8,698 Borrowings 560 378 426 Other Liabilities 202 170 162 Total Liabilities $ 12,372 $ 11,955 $ 9,286 Shareholders' Equity 1,584 1,515 1,003 Total Liabilities and Equity $ 13,956 $ 13,470 $ 10,289 Tangible Book Value Per Share $ 11.86 $ 11.25 $ 9.53

9 Loan Growth and Portfolio Composition Commercial & Industrial CRE, Non- Owner Occupied CRE, Owner Occupied Residential and Consumer Construction & Land Q3 2015 Highlights q $427 million quarter-over- quarter loan growth driven by: - C&I $199 million - Construction & Land $119 million - CRE, Owner Occ $105 million q Bridge loan growth for the quarter was $132 million $2.86 Billion Year Over Year Growth Q3-14 Q4-14 Q1-15 Q2-15 Q3-15 $3,294 $3,532 $3,725 $4,765 $4,964 $1,620 $1,733 $1,818 $2,039 $2,144$1,993 $2,053 $2,114 $2,209 $2,211 $672 $748 $843 $1,003 $1,122 4.4% 20.4% 25.2% 41.5% 8.5% 3.2% 19.9% 20.5% 46.0% 10.4% $351 $332 $319 $345 $347 $ in millions $7,930 $8,398 $8,819 $10,361 10,788 Growth: +468 +421 +1,542 +427

10 Q3-14 Q4-14 Q1-15 Q2-15 Q3-15 $2,247 $2,288 $2,657 $3,924 $4,077 $809 $855 $937 $1,001 $1,024 $3,685 $3,870 $4,121 $4,734 $4,673 $1,957 $1,918 $1,947 $1,747 $1,836 Deposit Growth and Composition NOW CDs Non-Int Bearing DDA $8,698 $8,931 $9,662 $11,407 $11,610 Growth: +233 +731 +1,745 +203 Q3 2015 Highlights q $203 million quarter-over- quarter deposit growth driven by: - Non-Int Bearing DDA growth of $154 million - CD growth of $89 million q Deposit growth led by: - AZ $94 million - CBL $85 million 9.3% 22.5% 25.8% 42.4% 8.8% 15.8% 35.1% 40.3% $2.91 Billion Year Over Year Growth Savings and MMDA $ in millions

11 Q3-14 Q4-14 Q1-15 Q2-15 Q3-15Q3-14 Q4-14 Q1-15 Q2-15 Q3-15 $43 $46 $53 $50 $55 $75 $68 $61 $59 $31 $86 $72 $60 $63 $72 $78 $78 $84 $83 $106 Adversely Graded Loans and Non-Performing Assets Organic Acquired * NPA’s Adversely Graded Loans $255 $103 Accruing TDRs total $81 million as of 9/30/2015 $282 $264 $258 $96 $264 Special Mention Loans Classified Accruing Loans Non-Performing Loans OREO $42 $48 $51 * Amounts are net of total PCI credit and interest rate discounts of $28 million as of 9/30/2015 $ in millions

12 Q3-14 Q4-14 Q1-15 Q2-15 Q3-15 Charge-Offs, Recoveries, and Provision Gross Charge Offs and Recoveries Net Recoveries and Rate Provision for Credit Losses and ALL Ratios Q3-14 Q4-14 Q1-15 Q2-15 Q3-15 1.38% 1.31% 1.27% 1.11% 1.09% 1.54% 1.45% 1.39% 1.35% 1.32% Q3-14 Q4-14 Q1-15 Q2-15 Q3-15 (0.15)% (0.04)% (0.06)% (0.13)% (0.08)% $1.0 $2.6 $0.8 $2.0 $1.1 $(3.8) $(3.4) $(2.0) $(5.0) $(3.1) $0.3 $0.7 $0.0 $0.0 $(2.8) $(0.8) $(1.2) $(3.0) $(2.0) • Provision for Credit Losses ALLL/Total LoansNet Recoveries $Net Recoveries % Gross Charge Offs Recoveries $0.4 ALLL and Credit Discounts Q3-14 Q4-14 Q1-15 Q2-15 Q3-15 $109 $110 $112 $115 $117 $13 $12 $11 $25 $26 $ in millions ALLL+CD/Total Loans• Allowance for Credit Losses Credit Discounts (CD) $122 $122 $123 $140 $143 •

13 Adjusted for Effect of No Reserve for Acquired Loans Reported Less: Acquired Loans* Adjusted Allowance for Credit Losses $ 117 $ 117 Total Loans Held for Investment 10,764 1,828 8,936 Ratio 1.09% 1.31% Adjusted for Effect of Acquired Loans Booked at Discount Reported Plus: Credit Discount* Adjusted Allowance for Credit Losses $ 117 $ 26 $ 143 Total Loans Held for Investment 10,764 26 10,790 Ratio 1.09% 1.32% * Western Liberty, Centennial and Bridge acquisitions Allowance for Credit Losses 9/30/2015 $ in millions

14 ROTCE TBV/Share Q3-14 Q4-14 Q1-15 Q2-15 Q3-15 19.9% 18.2% 17.2% 14.1% 20.1% $9.53 $10.21 $10.72 $11.25 $11.86 Capital 13% 12% 11% 10% 9% 8% 7% Q3-14 Q4-14 Q1-15 Q2-15 Q3-15 8.2% 8.6% 8.5% 8.7% 8.9% 9.0% 9.3% 9.0% 9.1% 9.1% 10.1% 9.7% 9.8% 10.0% 9.9% 12.2% 11.7% 11.3% 12.2% 12.1% Capital Ratios Total Capital Tier 1 Leverage Ratio Common Equity Tier 1 Tangible Common Equity Basel I Basel III ROTCE and TBV/Share

15 Outlook 4th Quarter 2015 q Bridge Integration q Loan and Deposit Growth q Interest Margin q Operating Efficiency q Asset Quality

16 Forward-Looking Statements This presentation contains forward-looking statements that relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. Examples of forward-looking statements include, among others, statements we make regarding the integration of Bridge Capital Holdings, the performance of the combined company, and any guidance, outlook, or expectations relating to loan and deposit growth, interest margin, operating efficiency, and asset quality. The forward-looking statements contained herein reflect our current views about future events and financial performance and are subject to risks, uncertainties, assumptions and changes in circumstances that may cause our actual results to differ significantly from historical results and those expressed in any forward-looking statement. Some factors that could cause actual results to differ materially from historical or expected results include, among others: the risk factors discussed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014 as filed with the Securities and Exchange Commission; changes in general economic conditions, either nationally or locally in the areas in which we conduct or will conduct our business; inflation, interest rate, market and monetary fluctuations; increases in competitive pressures among financial institutions and businesses offering similar products and services; higher defaults on our loan portfolio than we expect; changes in management’s estimate of the adequacy of the allowance for credit losses; legislative or regulatory changes or changes in accounting principles, policies or guidelines; supervisory actions by regulatory agencies which may limit our ability to pursue certain growth opportunities, including expansion through acquisitions; management’s estimates and projections of interest rates and interest rate policy; the execution of our business plan; and other factors affecting the financial services industry generally or the banking industry in particular. Any forward-looking statement made by us in this presentation is based only on information currently available to us and speaks only as of the date on which it is made. We do not intend and disclaim any duty or obligation to update or revise any industry information or forward-looking statements, whether written or oral, that may be made from time to time, set forth in this presentation to reflect new information, future events or otherwise.