Company: WAL-PA
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001628280-25-047883
Chunk: 297

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 8
Chunk 297
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. The increases in net gain on mortgage loan origination and sale activities, as well as other non-interest income are discussed in the preceding paragraph. The increase in service charges and loan fees of $45.2 million was driven by service charges on insured deposit products. Income from bank owned life insurance rose by $18.5 million, reflecting income from a new policy entered into during the third 

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quarter of 2024. Partially offsetting these increases were declines in income from equity investments and net loan servicing revenue. The $21.2 million decrease in income from equity investments was primarily due to the timing of income recognition on an equity investment, while the $17.6 million reduction in net loan servicing revenue resulted from fair value losses on MSRs and lower servicing income. 

Non-interest Expense

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

Three Months Ended September 30,Increase (Decrease)Nine Months Ended September 30,Increase (Decrease)2025202420252024(in millions)Salaries and employee benefits$193.5 $157.8 $35.7 $555.8 $465.7 $90.1 Deposit costs175.1 208.0 (32.9)459.3 518.7 (59.4)Data processing48.1 38.7 9.4 138.3 110.4 27.9 Legal, professional, and directors' fees28.1 24.8 3.3 82.3 80.7 1.6 Insurance24.5 35.4 (10.9)99.8 128.1 (28.3)Occupancy16.8 17.6 (0.8)50.9 53.5 (2.6)Loan servicing expenses15.0 18.7 (3.7)51.5 50.3 1.2 Loan acquisition and origination expenses7.3 5.9 1.4 18.3 15.8 2.5 Business development and marketing5.6 9.7 (4.1)17.6 21.6 (4.0)Other expense30.4 20.8 9.6 85.7 61.2 24.5 Total non-interest expense$544.4 $537.4 $