Company: WAL-PA
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001212545-25-000214
Chunk: 286

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 8
Chunk 286
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 2024. This increase was primarily the result of increases in interest income from loans HFS and investment securities of $31.0 million and $11.0 million, respectively, resulting from increases in the average balances of these assets of $2.0 billion and $1.1 billion, respectively. These increases were partially offset by a decrease in interest income from loans HFI of $13.4 million as lower loan yields outweighed the increase in the average balance of $4.1 billion. 

For the six months ended June 30, 2025, interest income was $2.3 billion, an increase of $47.5 million, or 2.2%, compared to $2.2 billion for the six months ended June 30, 2024. This increase was primarily the result of an increase in interest income from loans HFS of $58.4 million driven by a higher average balance of $1.9 billion and a $35.0 million increase in interest income from investment securities primarily due to an increase in the average investment balance of $1.7 billion. These increases were partially offset by a $31.7 million decrease in interest income from loans HFI driven by lower yields net of a $3.9 billion increase in the average balance.

For the three months ended June 30, 2025, interest expense totaled $456.8 million, a decrease of $34.1 million, or 4.8%, compared to $490.9 million for the three months ended June 30, 2024. The decrease in interest expense related to decreases in interest expense on deposits of $32.5 million due to lower rates and short-term borrowings of $23.2 million due to lower rates and a lower average balance of $1.1 billion. These decreases were partially offset by increases of $3.2 billion and $2.1 billion in average interest bearing deposits and long-term debt, respectively.

For the six months ended June 30, 2025, interest expense was $901.8 million, a decrease of $45.2 million, or 4.8%, compared to $947.0 million for the six months ended June 30, 2024. Interest expense on short-term borrowings decreased $56.2 million due 

69

to a decrease in the average balance of $1.6 billion in conjunction with lower rates, while interest expense on deposits decreased $34.8 million for the same period driven by lower