Company: WAL-PA
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001628280-25-047883
Chunk: 292

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 8
Chunk 292
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Net interest income and margin (4)$2,098.6 3.51 %$1,952.4 3.61 %

(1)Yields on loans and securities have been adjusted to a TEB. The taxable-equivalent adjustment was $30.1 million and $29.5 million for the nine months ended September 30, 2025 and 2024, respectively. 

(2)Included in the yield computation are net loan fees of $77.4 million and $86.9 million for the nine months ended September 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.

68

Three Months Ended September 30,Nine Months Ended September 30,2025 versus 20242025 versus 2024Increase (Decrease) Due to Changes in (1)Increase (Decrease) Due to Changes in (1)VolumeRateTotalVolumeRateTotal(in millions)Interest income:Loans HFS$11.1 $(0.9)$10.2 $70.6 $(2.0)$68.6 Loans HFI:Commercial and industrial52.7 (33.8)18.9 186.4 (125.3)61.1 CRE - non-owner occupied14.3 (13.9)0.4 33.9 (46.7)(12.8)CRE - owner-occupied(2.2)(0.8)(3.0)(2.3)(0.5)(2.8)Construction and land development(11.0)(10.9)(21.9)(31.0)(39.8)(70.8)Residential real estate1.2 (2.2)(1.0)(4.1)(8.4)(12.5)Consumer(0.5)(0.1)(0.6)(1.1)— (1.1)Total loans HFI54.5 (61.7)(7.2)181.8 (220.7)(38.9)Investment securities:Taxable40.6 (5.8)34.8 79.3 (11.1)68.2 Tax-exempt(0.3)0.1