Company: WAL-PA
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001628280-25-047883
Chunk: 293

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 8
Chunk 293
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 (0.2)0.1 1.3 1.4 Total investment securities40.3 (5.7)34.6 79.4 (9.8)69.6 Cash and other(0.6)(11.5)(12.1)6.5 (32.8)(26.3)Total interest income105.3 (79.8)25.5 338.3 (265.3)73.0 Interest expense:Interest bearing demand accounts(2.4)(22.4)(24.8)(15.2)(65.7)(80.9)Savings and money market accounts42.8 (19.7)23.1 129.8 (47.5)82.3 Certificates of deposit(0.1)(22.1)(22.2)(5.1)(55.0)(60.1)Total deposits40.3 (64.2)(23.9)109.5 (168.2)(58.7)Short-term borrowings(19.2)(8.4)(27.6)(55.9)(27.8)(83.7)Long-term debt32.5 (5.8)26.7 91.9 (17.9)74.0 Qualifying debt(2.0)(1.2)(3.2)(2.9)(1.9)(4.8)Total interest expense51.6 (79.6)(28.0)142.6 (215.8)(73.2)Net change$53.7 $(0.2)$53.5 $195.7 $(49.5)$146.2 

(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 September 30, 2025, interest income totaled $1.2 billion, an increase of $25.5 million, or 2.1%, compared to the three months ended September 30, 2024. This increase was primarily the result of increases in interest income from investment securities and loans HFS of $34.6 million and $10.2 million, respectively, resulting from increases in the average balances of these assets of $3.4 billion