Company: WAL-PA
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001628280-25-047883
Chunk: 253

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 8
Chunk 253
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 36 38 6,336 19 20 5,317 28 29 Risk participation agreements239 — — 99 — — 96 — — Equity warrants59 34 — 59 30 — 56 21 — Total$61,511 $117 $101 $43,890 $136 $76 $33,702 $83 $69 Margin— 378 (43)— 72 3 — 280 (4)Total, including margin$61,511 $495 $58 $43,890 $208 $79 $33,702 $363 $65 (1)The Company enters into futures purchase and sales contracts that are subject to daily remargining and almost all of which are based on three-month SOFR to hedge against its MSR valuation exposure. The notional amount on these contracts is substantial as these contracts have a short duration and are intended to cover the longer duration of MSR hedges.

43

The fair value of derivative contracts, after taking into account the effects of master netting agreements, is included in Other assets or Other liabilities on the Consolidated Balance Sheet, as summarized in the table below: September 30, 2025December 31, 2024September 30, 2024Gross amount of recognized assets (liabilities)Gross offsetNet assets (liabilities)Gross amount of recognized assets (liabilities)Gross offsetNet assets (liabilities)Gross amount of recognized assets (liabilities)Gross offsetNet assets (liabilities)(in millions)Derivatives subject to master netting arrangements:AssetsForeign currency contracts$1 $— $1 $1 $— $1 $1 $— $1 Forward contracts27 — 27 81 — 81 20 — 20 Interest rate contracts18 — 18 106 — 106 18 — 18 Margin378 — 378 72 — 72 280 — 280 Netting— (115)(115)— (52)(52)— (94)(94)$424 $(115)$309 $260 $(52)$208 $319 $(94)$225 LiabilitiesForeign currency contracts$(3)$— $(3)$— $— $—