Company: WAL-PA
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001628280-25-047883
Chunk: 110

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 1
Chunk 110
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 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)$— $(3)$— $— $— $— $— $— Forward contracts(56)— (56)(47)— (47)(37)— (37)Interest rate contracts(107)— (107)(6)— (6)(70)(70)Margin43 — 43 (3)— (3)4 — 4 Netting— 115 115 — 52 52 — 94 94 $(123)$115 $(8)$(56)$52 $(4)$(103)$94 $(9)Derivatives not subject to master netting arrangements:AssetsForeign currency contracts$5 $— $5 $— $— $— $— $— $— Interest rate lock commitments14 — 14 5 — 5 13 — 13 Interest rate contracts35 — 35 10 — 10 24 — 24 Equity warrants34 — 34 30 — 30 21