Company: WAL-PA
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001212545-25-000214
Chunk: 152

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 152
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 months ended June 30, 2025 and 2024, respectively. The decrease in the effective tax rate for the three and six month periods ended June 30, 2025 compared to the same periods in 2024 was primarily due to an increase in investment tax credit benefits and decreases in the state blended tax rate and nondeductible insurance premiums.

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Business Segment Results

The Company's reportable segments are aggregated with a focus on products and services offered and consist of three reportable segments: 

•Commercial: provides commercial banking and treasury management products and services to small and middle-market businesses, specialized banking services to sophisticated commercial institutions and investors within niche industries, as well as financial services to the real estate industry.

•Consumer Related: offers both commercial banking services to enterprises in consumer-related sectors and consumer banking services, such as residential mortgage banking.

•Corporate & Other: consists of the Company's investment portfolio, Corporate borrowings and other related items, income and expense items not allocated to other reportable segments, and inter-segment eliminations.

The following tables present selected reportable segment information: 

Consolidated CompanyCommercialConsumer RelatedCorporate & OtherAt June 30, 2025:(in millions)Loans HFI, net of deferred fees and costs$55,939 $33,207 $22,732 $— Deposits71,107 26,307 38,546 6,254 At December 31, 2024:Loans HFI, net of deferred fees and costs$53,676 $31,544 $22,132 $— Deposits66,341 25,487 33,767 7,087 

Three Months Ended June 30, 2025:(in millions)Income (loss) before provision for income taxes$291.3 $154.6 $183.3 $(46.6)Six Months Ended June 30, 2025:Income (loss) before provision for income taxes$537.7 $301.1 $347.4 $(110.8)Three Months Ended June 30, 2024:Income before provision for income taxes$247.9 $128.9 $96.8 $22.2 Six Months Ended June 30, 2024:Income before provision for income taxes$479.7 $272.8 $189.7 $17.2 

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