Company: WAL-PA
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001212545-25-000214
Chunk: 137

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 137
---
-EBO and agency-conforming loans.

Total deposits increased $4.8 billion, or 7.2%, to $71.1 billion as of June 30, 2025 from $66.3 billion as of December 31, 2024. By type, the increase in deposits from December 31, 2024 was driven by increases of $4.2 billion and $1.0 billion in non-interest bearing deposits and savings and money market accounts, respectively, partially offset by a decrease of $204 million in both interest bearing demand deposits and certificates of deposit.

RESULTS OF OPERATIONS

The following table sets forth a summary financial overview:

Three Months Ended June 30,Increase (Decrease)Six Months Ended June 30,Increase (Decrease)2025202420252024(in millions, except per share amounts)Consolidated Income Statement Data:Interest income$1,154.4 $1,147.5 $6.9 $2,250.0 $2,202.5 $47.5 Interest expense456.8 490.9 (34.1)901.8 947.0 (45.2)Net interest income697.6 656.6 41.0 1,348.2 1,255.5 92.7 Provision for credit losses39.9 37.1 2.8 71.1 52.3 18.8 Net interest income after provision for credit losses657.7 619.5 38.2 1,277.1 1,203.2 73.9 Non-interest income148.3 115.2 33.1 275.7 245.1 30.6 Non-interest expense514.7 486.8 27.9 1,015.1 968.6 46.5 Income before provision for income taxes291.3 247.9 43.4 537.7 479.7 58.0 Income tax expense53.5 54.3 (0.8)100.8 108.7 (7.9)Net income237.8 193.6 44.2 436.9 371.0 65.9 Net income attributable to noncontrolling interest7.4 — 7.4 7.4 — 7.4