Company: WAL-PA
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001628280-25-047883
Chunk: 168

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 1
Chunk 168
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 three and nine months ended September 30, 2025.

Refer to “Recent Market and Banking Industry Developments” in Part I, Item 2 of this Form 10-Q for additional discussion of other assets acquired through foreclosure.

Goodwill and Other Intangible Assets

Goodwill represents the excess consideration paid for net assets acquired in a business combination over their fair value. Goodwill and other intangible assets acquired in a business combination that are determined to have an indefinite useful life are not subject to amortization, but are subsequently evaluated for impairment at least annually. The Company has goodwill and intangible assets totaling $651 million and $659 million at September 30, 2025 and December 31, 2024, respectively. 

The Company performs its annual goodwill and intangible assets impairment tests as of October 1 each year, or more often if events or circumstances indicate the carrying value may not be recoverable. During the three and nine months ended September 30, 2025 and 2024, there were no events or circumstances that indicated an interim impairment test of goodwill or other intangible assets was necessary.

80

Deferred Tax Assets

As of September 30, 2025, the net DTA balance totaled $341 million, an increase of $60 million from $281 million at December 31, 2024. The overall increase in the net DTA was primarily the result of an increase in credit carryovers, partially offset by an increase in the MSR DTL.

The Company had no deferred tax valuation allowance as of September 30, 2025 and December 31, 2024. 

Bank Owned Life Insurance

The carrying value of BOLI totaled $1.0 billion as of September 30, 2025, an increase of $34 million, from December 31, 2024. BOLI is used as a tax efficient method to help offset employee benefit costs.

Deposits

Deposits are the primary source for funding the Company's asset growth. Total deposits increased to $77.2 billion at September 30, 2025, from $66.3 billion at December 31, 2024, an increase of $10.9 billion, or 16.4%. By deposit type, the increase in deposits is attributable to increases of $7.8 billion in non-interest bearing deposits, $3.4 billion in savings and money market accounts, and $544 million in interest bearing demand deposits, partially offset by a decrease of $839