Company: WAL-PA
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001212545-25-000214
Chunk: 268

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 8
Chunk 268
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75.3 $17.5 Six Months Ended June 30, 2024:Interest income$2,202.5 $1,232.7 $510.9 $458.9 Interest expense947.0 343.1 289.4 314.5 Funds transfer pricing— (308.9)410.7 (101.8)Net interest income1,255.5 580.7 632.2 42.6 Provision for credit losses52.3 51.4 0.6 0.3 Net interest income after provision for credit losses1,203.2 529.3 631.6 42.3 Non-interest income245.1 49.1 185.7 10.3 Salaries and employee benefits307.9 74.6 69.0 164.3 Other non-interest expense (1)660.7 231.0 558.6 (128.9)Income before provision for income taxes479.7 272.8 189.7 17.2 Income tax expense108.7 61.9 43.3 3.5 Net income$371.0 $210.9 $146.4 $13.7 (1)    The composition of other non-interest expense is consistent with Non-interest expense as presented in the Consolidated Income Statement.

18. REVENUE FROM CONTRACTS WITH CUSTOMERS 

Revenue streams within the scope of ASC 606 include service charges and fees, interchange fees on credit and debit cards, and legal settlement service fees. These revenues totaled $23.5 million and $16.9 million for the three months ended June 30, 2025 and 2024, respectively, and $46.5 million and $30.7 million for the six months ended June 30, 2025 and 2024, respectively. The Company had no material unsatisfied performance obligations as of June 30, 2025 or December 31, 2024. 

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19. SUBSEQUENT EVENTS Tax LegislationOn July 4, 2025, the OBBBA was enacted into law. The OBBBA extends or makes permanent various tax provisions that were originally enacted in the 2017 Tax Cuts and Jobs Act and were set to expire at the end of 2025. The OBBBA contains a