Company: WAL-PA
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001212545-25-000214
Chunk: 16

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 2
Chunk 16
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0.5 1.2 1.7 Total investment securities12.5 (1.5)11.0 39.1 (4.1)35.0 Cash and other(5.4)(16.3)(21.7)7.2 (21.4)(14.2)Total interest income103.6 (96.7)6.9 233.2 (185.7)47.5 Interest expense:Interest bearing demand accounts(9.7)(24.3)(34.0)(12.8)(43.3)(56.1)Savings and money market accounts40.5 (16.1)24.4 86.8 (27.5)59.3 Certificates of deposit(3.7)(19.2)(22.9)(5.0)(33.0)(38.0)Total deposits27.1 (59.6)(32.5)69.0 (103.8)(34.8)Short-term borrowings(13.1)(10.1)(23.2)(36.6)(19.6)(56.2)Long-term debt29.0 (6.0)23.0 59.5 (12.1)47.4 Qualifying debt(0.7)(0.7)(1.4)(0.7)(0.9)(1.6)Total interest expense42.3 (76.4)(34.1)91.2 (136.4)(45.2)Net change$61.3 $(20.3)$41.0 $142.0 $(49.3)$92.7 

(1)    Changes attributable to both volume and rate are designated as volume changes.

Comparison of interest income, interest expense and net interest margin

The Company's primary source of revenue is interest income. For the three months ended June 30, 2025, interest income totaled $1.2 billion, an increase of $6.9 million, or 0.6%, compared to $1.1 billion for the three months ended June 30, 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