Company: WAL-PA
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001212545-25-000214
Chunk: 289

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 8
Chunk 289
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 partially offset by a decrease in net gain on loan origination and sale activities of $7.4 million primarily related to mortgage banking hedging activities.

Total non-interest income for the six months ended June 30, 2025 increased $30.6 million compared to the same period in 2024 driven primarily by increases in service charges and loan fees, income from bank owned life insurance, and gain on sales of investment securities as discussed in the above paragraph. These increases were partially offset by decreases in net loan servicing revenue and income from equity investments. The decrease in net loan servicing revenue of $24.4 million resulted from fair value losses on MSRs and lower servicing income. The decrease in income from equity investments of $23.2 million was primarily due to timing of income recognition on an equity investment that is expected to be recovered over time.

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Non-interest Expense

The following table presents a summary of non-interest expense:

Three Months Ended June 30,Increase (Decrease)Six Months Ended June 30,Increase (Decrease)2025202420252024(in millions)Salaries and employee benefits$179.9 $153.0 $26.9 $362.3 $307.9 $54.4 Deposit costs147.4 173.7 (26.3)284.2 310.7 (26.5)Data processing45.0 35.7 9.3 90.2 71.7 18.5 Insurance37.4 33.8 3.6 75.3 92.7 (17.4)Legal, professional, and directors' fees25.3 25.8 (0.5)54.2 55.9 (1.7)Loan servicing expenses20.1 16.6 3.5 36.5 31.6 4.9 Occupancy16.9 18.4 (1.5)34.1 35.9 (1.8)Business development and marketing6.1 6.4 (0.3)12.0 11.9 0.1 Loan acquisition and origination expenses5.8 5.1 0.7 11.0 9.9 1.1 Other expense30.8 18.3 12.5 55.3 40.4 14.9 Total non