Company: WAL-PA
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001212545-25-000141
Chunk: 46

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 46
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 for tax withholding on vested restricted stock and other(10.8)(7.8)Cash dividends paid on common and preferred stock(45.0)(43.9)Net cash provided by financing activities$2,430.3 $5,928.0 Net (decrease) increase in cash and cash equivalents(816.8)1,973.8 Cash, cash equivalents, and restricted cash at beginning of period4,095.6 1,576.1 Cash, cash equivalents, and restricted cash at end of period$3,278.8 $3,549.9 Supplemental disclosure:Cash paid during the period for:Interest$442.3 $439.0 Income taxes, net24.2 (145.2)Non-cash activities:Transfers of mortgage-backed securities in settlement of secured borrowings645.0 95.4 Transfers of securitized loans HFS to AFS securities— 60.6 Transfers of loans HFI to HFS, net of fair value loss adjustment (1)88.2 142.1 

(1)Activity for the three months ended March 31, 2025 and 2024 excludes $129.9 million and $89.1 million, respectively, of loans transferred with an original designation of HFS, which sales activity was classified as operating cash flows.

See accompanying Notes to Unaudited Consolidated Financial Statements.

9

WESTERN ALLIANCE BANCORPORATION AND SUBSIDIARIES

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Nature of operationsWAL is a bank holding company headquartered in Phoenix, Arizona, incorporated under the laws of the state of Delaware. WAL provides a full spectrum of customized loan, deposit, and treasury management capabilities, including funds transfer and other digital payment offerings through its wholly-owned banking subsidiary, WAB, together with its banking divisions: ABA, BON, FIB, Bridge, and TPB. The Company also serves business customers through a national platform of specialized financial services, including mortgage banking services through AmeriHome and digital payment services for the class action legal industry. In addition, the Company has the following non-bank subsidiaries: CSI, a captive insurance company formed and licensed under the laws of the state of Arizona and established as part of the Company's overall enterprise risk management strategy, and WATC