Company: WAL-PA
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001212545-25-000141
Chunk: 44

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 44
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 $6,707.5 Net income— — — — — — — 199.1 — 199.1 Restricted stock, performance stock units, and other grants, net— — 0.5 — 15.4 — — — — 15.4 Restricted stock surrendered (1)— — (0.1)— — (10.8)— — — (10.8)Equity issued by subsidiary— — — — — — — — 293.1 293.1 Dividends paid to preferred stockholders— — — — — — — (3.2)— (3.2)Dividends paid to common stockholders— — — — — — — (41.8)— (41.8)Other comprehensive income, net— — — — — — 55.2 — — 55.2 Balance, March 31, 202512.0 $294.5 110.4 $— $2,261.2 $(135.8)$(478.5)$4,980.0 $293.1 $7,214.5 

(1)Share amounts represent Treasury Shares.

See accompanying Notes to Unaudited Consolidated Financial Statements.

7

 WESTERN ALLIANCE BANCORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

Three Months Ended March 31,20252024(in millions)Cash flows from operating activities:Net income$199.1 $177.4 Adjustments to reconcile net income to net cash provided by (used in) operating activities:Provision for credit losses31.2 15.2 Depreciation and amortization25.0 20.8 Stock-based compensation15.4 13.1 Deferred income taxes(54.3)2.7 Amortization of net discounts for investment securities(19.8)(56.5)Amortization of tax credit investments15.1 18.6 Amortization of operating lease right of use asset6.0 6.0 Amortization of net deferred loan fees and net purchase premiums(19.6)(20.9)P