Company: WAL-PA
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001628280-25-047883
Chunk: 140

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 1
Chunk 140
---
, and residential loans increased $2.6 billion, $476 million, and $325 million, respectively, from December 31, 2024. In addition, loans HFS increased $1.2 billion from $2.3 billion as of December 31, 2024 primarily due to an increase in non-EBO loans.

Total deposits increased $10.9 billion, or 16.4%, to $77.2 billion as of September 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 $7.8 billion, $3.4 billion, and $544 million in non-interest bearing deposits, savings and money market accounts, and interest bearing demand deposits, respectively, partially offset by a decrease of $839 million in certificates of deposit.

RESULTS OF OPERATIONS

The following table sets forth a summary financial overview:

Three Months Ended September 30,Increase (Decrease)Nine Months Ended September 30,Increase (Decrease)2025202420252024(in millions, except per share amounts)Consolidated Income Statement Data:Interest income$1,225.5 $1,200.0 $25.5 $3,475.5 $3,402.5 $73.0 Interest expense475.1 503.1 (28.0)1,376.9 1,450.1 (73.2)Net interest income750.4 696.9 53.5 2,098.6 1,952.4 146.2 Provision for credit losses80.0 33.6 46.4 151.1 85.9 65.2 Net interest income after provision for credit losses670.4 663.3 7.1 1,947.5 1,866.5 81.0 Non-interest income187.8 126.2 61.6 463.5 371.3 92.2 Non-interest expense544.4 537.4 7.0 1,559.5 1,506.0 53.5 Income before provision for income taxes313.8 252.1 61.7 851.5 731.8 119.7 Income tax expense53.3 52.3