Company: WAL-PA
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001628280-25-047883
Chunk: 275

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 8
Chunk 275
---
Excess funds provided (used)$— $(3,595)$9,524 $(5,929)Income Statement: Three Months Ended September 30, 2024:(in millions)Interest income$1,200.0 $647.9 $284.1 $268.0 Interest expense503.1 177.9 166.7 158.5 Funds transfer pricing— (184.4)316.6 (132.2)Net interest income696.9 285.6 434.0 (22.7)Provision for credit losses33.6 27.7 5.4 0.5 Net interest income after provision for credit losses663.3 257.9 428.6 (23.2)Non-interest income126.2 31.2 64.1 30.9 Salaries and employee benefits157.8 30.9 33.2 93.7 Other non-interest expense (1)379.6 120.0 345.8 (86.2)Income before provision for income taxes252.1 138.2 113.7 0.2 Income tax expense52.3 28.5 19.1 4.7 Net income$199.8 $109.7 $94.6 $(4.5)Nine Months Ended September 30, 2024:Interest income$3,402.5 $1,880.6 $795.0 $726.9 Interest expense1,450.1 521.0 456.2 472.9 Funds transfer pricing— (493.3)727.4 (234.1)Net interest income1,952.4 866.3 1,066.2 19.9 Provision for credit losses85.9 79.1 6.0 0.8 Net interest income after provision for credit losses1,866.5 787.2 1,060.2 19.1 Non-interest income371.3 80.3 249.8 41.2 Salaries and employee benefits465.7 105.4 102.2 258.1 Other non-interest expense (1)1,040.3 351.0 904.4 (215.1)Income before