Company: WAL-PA
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001212545-25-000214
Chunk: 55

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 55
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.0)— (83.8)Other comprehensive income, net— — — — — — 52.1 — — 52.1 Balance, June 30, 202512.0 $294.5 110.4 $— $2,272.5 $(136.7)$(481.6)$5,165.0 $293.1 $7,406.8 

See accompanying Notes to Unaudited Consolidated Financial Statements.

8

 WESTERN ALLIANCE BANCORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

Six Months Ended June 30,20252024(in millions)Cash flows from operating activities:Net income$436.9 $371.0 Adjustments to reconcile net income to net cash provided by (used in) operating activities:Provision for credit losses71.1 52.3 Depreciation and amortization51.4 42.2 Stock-based compensation26.5 25.6 Deferred income taxes(46.9)23.8 Amortization of net discounts for investment securities(32.5)(117.9)Amortization of tax credit investments34.1 35.7 Amortization of operating lease right of use asset11.9 12.0 Amortization of net deferred loan fees and net purchase premiums(38.7)(46.5)Purchases and originations of loans HFS(26,746.0)(21,308.5)Proceeds from sales and payments on loans HFS and related securitization activities25,009.0 20,129.4 Mortgage servicing rights capitalized upon sale of mortgage loans(544.8)(403.4)Net losses (gains) on:Change in fair value of trading securities, loans HFS, mortgage servicing rights, and related derivatives114.8 (17.0)Fair value adjustments4.6 (12.2)Sale of investment securities(13.5)(1.4)Other0.7 0.5 Other assets and liabilities, net(350.3)162.1 Net cash used in operating activities$(2,011.7)$(1,052.3)Cash flows from investing activities:Investment securities - AFSPurchases$(9,634.7)$(10,815