Company: WAL-PA
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001628280-25-047883
Chunk: 58

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 1
Chunk 58
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 and cash equivalents1,660.8 1,016.0 Cash, cash equivalents, and restricted cash at beginning of period4,095.6 1,576.1 Cash, cash equivalents, and restricted cash at end of period$5,756.4 $2,592.1 Supplemental disclosure:Cash paid (received) during the period for:Interest$1,389.5 $1,435.7 Income taxes, net33.9 (27.5)Non-cash activities:Transfers of mortgage-backed securities in settlement of secured borrowings1,350.0 1,369.3 Transfers of securitized loans HFS to AFS securities— 123.0 Transfers of loans HFI to HFS, net of fair value loss adjustment (1)172.1 207.8 Transfers of loans HFI to other assets acquired through foreclosure177.3 — Transfers of OREO properties to premises and equipment, net47.6 — Financed sale of OREO28.5 — 

(1)Activity for the nine months ended September 30, 2025 and 2024 excludes $337.6 million and $333.3 million, respectively, of loans transferred with an original designation of HFS, which sales activity was classified as operating cash flows.

See accompanying Notes to Unaudited Consolidated Financial Statements.

10

WESTERN ALLIANCE BANCORPORATION AND SUBSIDIARIES

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Nature of operationsWAL is a bank holding company headquartered in Phoenix, Arizona, incorporated under the laws of the state of Delaware. WAL provides a full spectrum of customized loan, deposit, and treasury management capabilities, including funds transfer and other digital payment offerings through its wholly-owned banking subsidiary, WAB. Effective as of October 4, 2025, the Company completed its brand unity initiative, consolidating its legacy division bank brands, ABA, BON, FIB, Bridge, and TPB, under a single unified name, Western Alliance Bank.The Company also serves business customers through a national platform of specialized financial services, including mortgage banking services through AmeriHome and digital payment services for the class action legal industry. In addition, the Company has the following non-bank subsidiaries: CSI, a captive insurance company