Company: WAL-PA
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001212545-25-000141
Chunk: 40

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 40
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Item 1.Financial Statements

WESTERN ALLIANCE BANCORPORATION AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(Unaudited)March 31, 2025December 31, 2024(in millions, except shares and per share amounts)Assets:Cash and due from banks$440 $320 Interest bearing deposits in other financial institutions2,839 3,776 Cash and cash equivalents3,279 4,096 Investment securities - AFS, at fair value; amortized cost of $14,867 at March 31, 2025 and $14,178 at December 31, 2024 (ACL of $0.2 and $0.4 at March 31, 2025 and December 31, 2024)14,231 13,468 Investment securities - HTM, at amortized cost and net of ACL of $11.6 and $16.4 (fair value of $1,359 and $1,309) at March 31, 2025 and December 31, 2024, respectively1,524 1,510 Investment securities - equity113 117 Investments in restricted stock, at cost195 232 Loans HFS3,238 2,286 Loans HFI, net of deferred fees and costs54,761 53,676 Less: allowance for credit losses(389)(374)Net loans held for investment54,372 53,302 Mortgage servicing rights1,241 1,127 Premises and equipment, net361 361 Operating lease right of use asset125 128 Bank owned life insurance1,022 1,011 Goodwill and intangible assets, net656 659 Deferred tax assets, net272 281 Investments in LIHTC and renewable energy591 606 Other assets1,823 1,750 Total assets$83,043 $80,934 Liabilities:Deposits:Non-interest bearing$22,009 $18,846 Interest bearing47,313 47,495 Total deposits69,322 66,341 Other borrowings4,151 5,573 Qualifying debt898 899 Operating lease liability154 159 Other liabilities1,303 1,255 Total liabilities75,828 74,227 Commitments and contingencies (Note