Company: WAL-PA
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001212545-25-000090
Chunk: 96

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-02-25
Form: 10-K
Item: Item 7
Chunk 96
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-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 & OtherDecember 31, 2024(in millions)Loans HFI, net of deferred loan fees and costs$53,676 $31,544 $22,132 $— Deposits66,341 25,487 33,767 7,087 December 31, 2023Loans HFI, net of deferred loan fees and costs$50,297 $29,136 $21,161 $— Deposits55,333 23,508 25,101 6,724 

Year Ended December 31, 2024Income (loss) before provision for income taxes$991.2 $530.6 $457.2 $3.4 Year Ended December 31, 2023Income (loss) before provision for income taxes$933.6 $745.1 $259.2 $(70.7)

BALANCE SHEET ANALYSIS

Total assets increased to $80.9 billion at December 31, 2024 from $70.9 billion at December 31, 2023. The increase in total assets of $10.1 billion, or 14.2%, was driven primarily by an increase in deposits, which drove loan growth of $3.4 billion and contributed to increases in cash and cash equivalents of $2.5 billion and investment securities of $2.4 billion as the Company has focused on increasing its holdings of high quality liquid assets. Loans HFI increased by $3.4 billion, or 6.7%, to $53.7 billion as of December 31, 2024, compared to $50.3 billion as of December 31, 2023. By loan type, commercial and industrial and CRE, non-owner occupied loans increased $4.0 billion and $218 million, respectively, from December 31, 2023, partially offset by decreases in