Company: WAL-PA
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001212545-25-000214
Chunk: 142

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 142
---
 tax equivalent adjustment is added to reflect interest earned on certain securities and loans that are exempt from federal and state income tax. The following tables set forth the average balances, interest income, interest expense, and average yield (on a fully TEB) for the periods indicated:

Three Months Ended June 30,20252024Average BalanceInterestAverage Yield / CostAverageBalanceInterestAverage Yield / Cost(dollars in millions)Interest earning assetsLoans HFS$4,859 $74.0 6.11 %$2,860 $43.0 6.05 %Loans HFI:Commercial and industrial24,094 392.1 6.58 19,913 370.1 7.54 CRE - non-owner occupied10,253 181.9 7.12 9,680 185.0 7.69 CRE - owner occupied1,788 26.7 6.11 1,865 28.5 6.24 Construction and land development4,290 88.7 8.29 4,740 112.3 9.53 Residential real estate14,399 150.3 4.19 14,531 157.0 4.35 Consumer32 0.6 7.07 48 0.8 6.94 Total loans HFI (1), (2), (3)54,856 840.3 6.17 50,777 853.7 6.79 Investment securities:Taxable15,099 177.4 4.71 14,029 166.5 4.77 Tax-exempt2,215 24.1 5.46 2,221 24.0 5.45 Total investment securities (1)17,314 201.5 4.81 16,250 190.5 4.87 Cash and other3,496 38.6 4.43 3,983 60.3 6.09 Total interest earning assets80,525 1,154.4 5.80 73,870 1,147.5 6.30 Non-interest earning assetsCash and due from banks346 294 Allowance for credit losses(403)(350)Bank owned life insurance1,026 187 Other assets4,905 4,554