Company: WAL-PA
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001212545-25-000141
Chunk: 232

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 8
Chunk 232
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12,669 $(8,449)Income Statement: Three Months Ended March 31, 2025:(in millions)Interest income$1,095.6 $591.5 $285.2 $218.9 Interest expense445.0 149.9 156.0 139.1 Funds transfer pricing— (131.7)270.1 (138.4)Net interest income (expense)650.6 309.9 399.3 (58.6)Provision for credit losses31.2 31.3 5.0 (5.1)Net interest income (expense) after provision for credit losses619.4 278.6 394.3 (53.5)Non-interest income127.4 36.9 79.5 11.0 Salaries and employee benefits182.4 44.2 43.1 95.1 Other non-interest expense (1)318.0 124.7 266.7 (73.4)Income (loss) before provision for income taxes246.4 146.6 164.0 (64.2)Income tax expense47.3 22.4 25.2 (0.3)Net income (loss)$199.1 $124.2 $138.8 $(63.9)

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Balance Sheet:Consolidated CompanyCommercialConsumer RelatedCorporate & OtherAt December 31, 2024:(in millions)Assets:Cash, cash equivalents, and investment securities$19,191 $14 $— $19,177 Loans HFS2,286 — 2,286 — Loans HFI, net of deferred fees and costs53,676 31,544 22,132 — Less: allowance for credit losses(374)(320)(54)— Net loans HFI53,302 31,224 22,078 — Goodwill and other intangible assets, net659 291 368 — Other assets5,496 367 1,923 3,206 Total assets$80,934 $31,896 $26,655 $22,383 Liabilities:Deposits$66,341 $25,487 $33,767 $7,087 Borrowings and qualifying debt6,472