Company: WAL-PA
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001628280-25-047883
Chunk: 169

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 1
Chunk 169
---
 million in certificates of deposit.

WAB is a participant in the IntraFi Network, a network that offers deposit placement services such as CDARS and ICS, which offer products that qualify large deposits for FDIC insurance. At September 30, 2025, the Company had $13.1 billion of these reciprocal deposits, compared to $14.0 billion at December 31, 2024. At September 30, 2025 and December 31, 2024, the Company also had wholesale brokered deposits of $5.4 billion and $6.9 billion, respectively.

In addition, deposits for which the Company provides account holders with earnings credits or referral fees totaled $28.0 billion and $20.7 billion at September 30, 2025 and December 31, 2024, respectively. Costs related to these deposits are primarily reported as Deposit costs in non-interest expense. Deposit costs included $169.2 million and $201.7 million in deposit related costs on these deposits for the three months ended September 30, 2025 and 2024, respectively. During the nine months ended September 30, 2025 and 2024, the Company incurred $441.8 million and $500.4 million, respectively, in deposit related costs on these deposits. The decrease in these costs from the same periods in the prior year was due to a decrease in average ECR related deposits and rates. 

The average balances and weighted average rates paid on deposits are presented below:

Three Months Ended September 30,20252024Average BalanceRateAverage BalanceRate(dollars in millions)Interest bearing demand accounts$16,071 2.50 %$16,456 3.05 %Savings and money market accounts23,373 3.21 18,092 3.66 Certificates of deposit10,124 4.21 10,134 5.09 Total interest bearing deposits49,568 3.19 44,682 3.76 Non-interest bearing deposits26,438 — 24,638 — Total deposits$76,006 2.08 %$69,320 2.42 %

Nine Months Ended September 30,20252024Average BalanceRateAverage BalanceRate(dollars in millions)Interest-bearing demand accounts$15,883 2.51 %$16,693 3.04 %Savings and money market accounts22,113 3.