Company: WAL-PA
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001628280-25-047883
Chunk: 248

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 8
Chunk 248
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8)Net current-period other comprehensive income (loss)129.3 0.2 (4.7)— 124.8 Balance, September 30, 2025$(405.4)$(0.2)$(3.3)$— $(408.9)Balance, December 31, 2023$(516.6)$(0.3)$2.8 $1.2 $(512.9)Other comprehensive income (loss) income before reclassifications140.5 (0.1)(1.3)— 139.1 Amounts reclassified from AOCI(7.7)— — — (7.7)Net current-period other comprehensive income (loss)132.8 (0.1)(1.3)— 131.4 Balance, September 30, 2024$(383.8)$(0.4)$1.5 $1.2 $(381.5)

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12. DERIVATIVES AND HEDGING ACTIVITIES The Company is a party to various derivative instruments. The primary types of derivatives the Company uses are interest rate contracts, forward purchase and sale commitments, and interest rate futures. Generally, these instruments are used to help manage the Company's exposure to interest rate risk related to IRLCs and its inventory of loans HFS and MSRs and also to meet client financing and hedging needs. Derivatives are recorded at fair value on the Consolidated Balance Sheet, after taking into account the effects of bilateral collateral and master netting agreements. These agreements allow the Company to settle all derivative contracts held with the same counterparty on a net basis, and to offset net derivative positions with related cash collateral, where applicable. Derivatives Designated in Hedge RelationshipsThe Company utilizes derivatives that have been designated as part of a hedge relationship in accordance with the applicable accounting guidance to minimize the exposure to changes in benchmark interest rates, which reduces asset sensitivity and volatility due to interest rate fluctuations, such that interest rate risk falls within Board approved limits. The primary derivative instruments used to manage interest rate risk are interest rate swaps, which convert the contractual interest rate index of agreed-upon amounts of assets and liabilities (i.e., notional amounts) from either a fixed rate to a variable rate, or from a variable rate to a fixed rate. The Company has pay fixed/receive variable interest rate swaps designated as fair value hedges of certain fixed rate loans and AFS debt securities. As