Company: WAL-PA
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001212545-25-000214
Chunk: 282

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 8
Chunk 282
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498 35.1 5.64 437 12.1 11.19 Qualifying debt826 8.2 4.01 896 9.6 4.28 Total interest bearing liabilities53,899 456.8 3.40 49,780 490.9 3.97 Interest cost of funding earning assets2.28 2.67 Non-interest bearing liabilitiesNon-interest bearing deposits23,569 20,996 Other liabilities1,576 1,449 Equity7,355 6,330 Total liabilities and equity$86,399 $78,555 Net interest income and margin (4)$697.6 3.53 %$656.6 3.63 %

(1)Yields on loans and securities have been adjusted to a TEB. The taxable-equivalent adjustment was $10.2 million and $9.9 million for the three months ended June 30, 2025 and 2024, respectively. 

(2)Included in the yield computation are net loan fees of $25.5 million and $32.1 million for the three months ended June 30, 2025 and 2024, respectively.

(3)Includes non-accrual loans.

(4)Net interest margin is computed by dividing net interest income by total average earning assets, annualized on an actual/actual basis.

67

Six Months Ended June 30,20252024Average BalanceInterestAverage Yield / CostAverageBalanceInterestAverage Yield / Cost(dollars in millions)Interest earning assetsLoans HFS$4,581 $140.5 6.19 %$2,638 $82.1 6.26 %Loans HFI:Commercial and industrial23,466 758.0 6.57 19,329 715.8 7.51 CRE - non-owner occupied10,133 357.1 7.11 9,574 370.1 7.78 CRE - owner occupied1,833 55.4 6.20 1,836 55.3 6.15 Construction and land development4,348 180.5 8.37 4,831 229.4 9.55 Residential real estate14,373 302.5 4.24 14,626 314.0 4.32