Company: WAL-PA
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001212545-25-000214
Chunk: 245

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 8
Chunk 245
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 Total$6,033 $23 $56 $4,344 $97 $— $3,866 $78 $— Derivatives not designated as hedging instruments:Foreign currency contracts$109 $1 $2 $69 $1 $1 $93 $— $— Forward contracts24,687 63 111 21,731 81 48 14,514 13 24 Futures contracts (1)15,690 — — 13,200 — — 8,544 — — Interest rate lock commitments2,947 24 — 2,396 5 7 2,781 10 2 Interest rate contracts7,984 32 34 6,336 19 20 4,487 21 22 Risk participation agreements226 — — 99 — — 74 — — Equity warrants63 33 — 59 30 — 59 22 — Total$51,706 $153 $147 $43,890 $136 $76 $30,552 $66 $48 Margin— 347 (41)— 72 3 — 121 1 Total, including margin$51,706 $500 $106 $43,890 $208 $79 $30,552 $187 $49 (1)The Company enters into futures purchase and sales contracts that are subject to daily remargining and almost all of which are based on three-month SOFR to hedge against its MSR valuation exposure. The notional amount on these contracts is substantial as these contracts have a short duration and are intended to cover the longer duration of MSR hedges.

43

The fair value of derivative contracts, after taking into account the effects of master netting agreements, is included in Other assets or Other liabilities on the Consolidated Balance Sheet, as summarized in the table below: June 30, 2025December 31, 2024June 30, 2024Gross amount of recognized assets (liabilities)Gross offsetNet assets (liabilities)Gross amount of recognized assets (liabilities)Gross offsetNet assets (liabilities)Gross amount of recognized assets (liabilities)Gross offsetNet assets (liabilities)(in millions)Der