Company: WAL-PA
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001212545-25-000141
Chunk: 41

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 41
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 15)Equity:Preferred stock (par value $0.0001 and liquidation value per share of $25; 20,000,000 authorized; 12,000,000 depositary shares issued and outstanding at March 31, 2025 and December 31, 2024)295 295 Common stock (par value $0.0001; 200,000,000 authorized; 113,402,662 shares issued at March 31, 2025 and 112,897,807 at December 31, 2024) and additional paid in capital2,261 2,245 Treasury stock, at cost (2,966,686 shares at March 31, 2025 and 2,845,201 shares at December 31, 2024)(136)(125)Accumulated other comprehensive loss(478)(534)Retained earnings4,980 4,826 Total Western Alliance stockholders’ equity6,922 6,707 Noncontrolling interest in subsidiary293 — Total equity7,215 6,707 Total liabilities and equity$83,043 $80,934 

See accompanying Notes to Unaudited Consolidated Financial Statements.

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Table of Contents

WESTERN ALLIANCE BANCORPORATION AND SUBSIDIARIES

CONSOLIDATED INCOME STATEMENTS

Three Months Ended March 31,20252024(in millions, except per share amounts)Interest income:Loans, including fees$881.0 $871.9 Investment securities165.8 142.4 Dividends and other48.8 40.7 Total interest income1,095.6 1,055.0 Interest expense:Deposits378.3 380.6 Qualifying debt9.3 9.5 Other borrowings57.4 66.0 Total interest expense445.0 456.1 Net interest income650.6 598.9 Provision for credit losses31.2 15.2 Net interest income after provision for credit losses619.4 583.7 Non-interest income:Service charges and loan fees37.2 16.4 Net gain on loan origination and sale activities49.5 45.3 Net loan servicing revenue21.8 46.4 Income from bank owned life insurance11.4 1.0 Gain (