Company: WAL-PA
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001628280-25-047883
Chunk: 49

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 1
Chunk 49
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Item 1.Financial Statements

WESTERN ALLIANCE BANCORPORATION AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(Unaudited)September 30, 2025December 31, 2024(in millions, except shares and per share amounts)Assets:Cash and due from banks$463 $320 Interest bearing deposits in other financial institutions5,293 3,776 Cash and cash equivalents5,756 4,096 Investment securities - AFS, at fair value; amortized cost of $17,703 at September 30, 2025 and $14,178 at December 31, 2024 (ACL of $— and $0.4 at September 30, 2025 and December 31, 2024, respectively)17,230 13,468 Investment securities - HTM, at amortized cost and net of ACL of $12.0 and $16.4 (fair value of $1,367 and $1,309) at September 30, 2025 and December 31, 2024, respectively1,520 1,510 Investment securities - equity91 117 Investments in restricted stock, at cost189 232 Loans HFS3,502 2,286 Loans HFI, net of deferred fees and costs56,646 53,676 Less: allowance for credit losses(440)(374)Net loans held for investment56,206 53,302 Mortgage servicing rights1,213 1,127 Premises and equipment, net416 361 Operating lease right of use asset134 128 Bank owned life insurance1,045 1,011 Goodwill and intangible assets, net651 659 Deferred tax assets, net341 281 Investments in LIHTC and renewable energy571 606 Other assets2,105 1,750 Total assets$90,970 $80,934 Liabilities:Deposits:Non-interest bearing$26,628 $18,846 Interest bearing50,619 47,495 Total deposits77,247 66,341 Other borrowings3,862 5,573 Qualifying debt681 899 Operating lease liability164 159 Other liabilities1,326 1,255 Total liabilities83,280 74,227 Commitments and contingencies (Note