Company: WAL-PA
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001212545-25-000214
Chunk: 288

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 8
Chunk 288
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 net loan charge-offs of $29.6 million and $55.4 million, respectively, and loan growth. 

Non-interest Income

The following table presents a summary of non-interest income: 

Three Months Ended June 30,Increase (Decrease)Six Months Ended June 30,Increase (Decrease)2025202420252024(in millions)Service charges and loan fees$36.9 $17.8 $19.1 $74.1 $34.2 $39.9 Net gain on loan origination and sale activities39.4 46.8 (7.4)88.9 92.1 (3.2)Net loan servicing revenue38.3 38.1 0.2 60.1 84.5 (24.4)Income from bank owned life insurance11.0 1.7 9.3 22.4 2.7 19.7 Gain on sales of investment securities11.4 2.3 9.1 13.5 1.4 12.1 Fair value gain adjustments, net0.1 0.7 (0.6)1.1 1.0 0.1 Income (loss) from equity investments2.9 4.2 (1.3)(1.9)21.3 (23.2)Other income8.3 3.6 4.7 17.5 7.9 9.6 Total non-interest income$148.3 $115.2 $33.1 $275.7 $245.1 $30.6 

Total non-interest income for the three months ended June 30, 2025 increased $33.1 million compared to the same period in 2024 primarily driven by increases in service charges and loan fees, income from bank owned life insurance, and gain on sales of investment securities. The increase in service charges and loan fees of $19.1 million was primarily driven by service charges on insured deposit products. Income from bank owned life insurance increased $9.3 million due to a new policy entered into in the second quarter of 2024. The increase in gain on sales of investment securities of $9.1 million was largely due to the termination of an interest rate swap on U.S. Treasury securities and corresponding sale of the hedged securities. These increases were