Company: WAL-PA
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001628280-25-047883
Chunk: 111

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 1
Chunk 111
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 — 21 $88 $— $88 $45 $— $45 $58 $— $58 LiabilitiesForeign currency contracts$— $— $— $(1)$— $(1)$— $— $— Forward contracts(3)— (3)(1)— (1)(1)— (1)Interest rate lock commitments(1)— (1)(7)— (7)(2)— (2)Interest rate contracts(12)— (12)(14)— (14)(10)— (10)$(16)$— $(16)$(23)$— $(23)$(13)$— $(13)Total derivatives and marginAssets$512 $(115)$397 $305 $(52)$253 $377 $(94)$283 Liabilities(139)115 (24)(79)52 (27)(116)94 (22)

44

The following table summarizes the net gain (loss) on derivatives included in the non-interest income line items below:Three Months Ended September 30,Nine Months Ended September 30,2025202420252024(in millions)Net gain (loss) on loan origination and sale activities:Interest rate lock commitments$(10.5)$2.6 $15.3 $(7.8)Forward contracts(64.7)(87.3)(137.7)(61.3)Interest rate contracts(0.4)6.7 1.9 3.8 Other contracts— (1.1)3.5 (0.2)Net loss on derivatives$(75.6)$(79.1)$(117.0)$(65.5)Net loan servicing revenue:Forward contracts$8.6 $17.9 $6.6 $(9.6)Futures contracts9.1 (7.0)2.7 7.4 Interest rate contracts(2.5)42.2 40.3 (10.8)Net gain (loss) on derivatives$15.2 $53.1 $49.6 $(13.0)Counterparty Credit Risk

Like other financial instruments, derivatives contain an element of credit risk. This risk is measured as the expected replacement value of the contracts. Management enters into bilateral collateral and master netting agreements that provide for the net settlement of