Company: WAL-PA
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001212545-25-000214
Chunk: 149

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 149
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unded loan commitments, and investment securities. The provision is equal to the amount required to maintain the ACL at a level adequate to absorb estimated lifetime credit losses inherent in the loan and investment securities portfolios based on remaining contractual maturity, adjusted for estimated prepayments as of each period end. The Company's CECL models incorporate historical experience, current conditions, and reasonable and supportable forecasts in measuring expected credit losses. For the three and six months ended June 30, 2025, the Company recorded a provision for credit losses of $39.9 million and $71.1 million, respectively, compared to $37.1 million and $52.3 million for the three and six months ended June 30, 2024, respectively. The provision for credit losses for the three and six months ended June 30, 2025 is primarily reflective of net loan charge-offs of $29.6 million and $55.4 million, respectively, and loan growth. 

Non-interest Income

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

Three Months Ended June 30,Increase (Decrease)Six Months Ended June 30,Increase (Decrease)2025202420252024(in millions)Service charges and loan fees$36.9 $17.8 $19.1 $74.1 $34.2 $39.9 Net gain on loan origination and sale activities39.4 46.8 (7.4)88.9 92.1 (3.2)Net loan servicing revenue38.3 38.1 0.2 60.1 84.5 (24.4)Income from bank owned life insurance11.0 1.7 9.3 22.4 2.7 19.7 Gain on sales of investment securities11.4 2.3 9.1 13.5 1.4 12.1 Fair value gain adjustments, net0.1 0.7 (0.6)1.1 1.0 0.1 Income (loss) from equity investments2.9 4.2 (1.3)(1.9)21.3 (23.2)Other income8.3 3.6 4.7 17.5 7.9 9.6 Total non-interest income$148.3 $115.2 $33.1