Company: WAL-PA
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001628280-25-047883
Chunk: 296

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 8
Chunk 296
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Three Months Ended September 30,Increase (Decrease)Nine Months Ended September 30,Increase (Decrease)2025202420252024(in millions)Service charges and loan fees$35.4 $30.1 $5.3 $109.5 $64.3 $45.2 Net gain on mortgage loan origination and sale activities75.5 46.3 29.2 164.4 138.4 26.0 Net loan servicing revenue19.1 12.3 6.8 79.2 96.8 (17.6)Income from bank owned life insurance11.8 13.0 (1.2)34.2 15.7 18.5 Gain on sales of investment securities8.5 8.8 (0.3)22.0 10.2 11.8 Fair value gain adjustments, net8.3 4.1 4.2 9.4 5.1 4.3 Income from equity investments7.8 5.8 2.0 5.9 27.1 (21.2)Other income21.4 5.8 15.6 38.9 13.7 25.2 Total non-interest income$187.8 $126.2 $61.6 $463.5 $371.3 $92.2 

Total non-interest income for the three months ended September 30, 2025 increased by $61.6 million compared to the same period in 2024, with changes primarily attributable to mortgage banking revenue and other non-interest income. Net gain on mortgage loan origination and sale activities rose by $29.2 million, reflecting increased loan production revenue and improved gain on sale margins. In addition, net loan servicing revenue grew by $6.8 million as MSR valuations, net of hedging, strengthened. Other non-interest income increased $15.6 million largely from an increase in rental income associated with commercial OREO properties.

Total non-interest income for the nine months ended September 30, 2025 increased by $92.2 million compared to the same period in 2024. This growth was primarily attributable to higher service charges and loan fees, net gain on mortgage loan origination and sale activities, other non-interest income, and income from bank owned life insurance