Company: WAL-PA
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001212545-25-000214
Chunk: 13

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 2
Chunk 13
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8 3.40 49,780 490.9 3.97 Interest cost of funding earning assets2.28 2.67 Non-interest bearing liabilitiesNon-interest bearing deposits23,569 20,996 Other liabilities1,576 1,449 Equity7,355 6,330 Total liabilities and equity$86,399 $78,555 Net interest income and margin (4)$697.6 3.53 %$656.6 3.63 %

(1)Yields on loans and securities have been adjusted to a TEB. The taxable-equivalent adjustment was $10.2 million and $9.9 million for the three months ended June 30, 2025 and 2024, respectively. 

(2)Included in the yield computation are net loan fees of $25.5 million and $32.1 million for the three months ended June 30, 2025 and 2024, respectively.

(3)Includes non-accrual loans.

(4)Net interest margin is computed by dividing net interest income by total average earning assets, annualized on an actual/actual basis.

67

Six Months Ended June 30,20252024Average BalanceInterestAverage Yield / CostAverageBalanceInterestAverage Yield / Cost(dollars in millions)Interest earning assetsLoans HFS$4,581 $140.5 6.19 %$2,638 $82.1 6.26 %Loans HFI:Commercial and industrial23,466 758.0 6.57 19,329 715.8 7.51 CRE - non-owner occupied10,133 357.1 7.11 9,574 370.1 7.78 CRE - owner occupied1,833 55.4 6.20 1,836 55.3 6.15 Construction and land development4,348 180.5 8.37 4,831 229.4 9.55 Residential real estate14,373 302.5 4.24 14,626 314.0 4.32 Consumer39 1.3 6.85 55 1.9 7.13 Total loans HFI (1), (2), (3)54,192 1,654.8 6.19 50,251 1