Company: WAL-PA
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001212545-25-000214
Chunk: 128

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 128
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3)Income (loss) before provision for income taxes537.7 301.1 347.4 (110.8)Income tax expense (benefit)100.8 50.5 59.5 (9.2)Net income (loss)$436.9 $250.6 $287.9 $(101.6)(1)    The composition of other non-interest expense is consistent with Non-interest expense as presented in the Consolidated Income Statement.

57

Balance Sheet:Consolidated CompanyCommercialConsumer RelatedCorporate & OtherAt December 31, 2024:(in millions)Assets:Cash, cash equivalents, and investment securities$19,191 $14 $— $19,177 Loans HFS2,286 — 2,286 — Loans HFI, net of deferred fees and costs53,676 31,544 22,132 — Less: allowance for credit losses(374)(320)(54)— Net loans HFI53,302 31,224 22,078 — Goodwill and other intangible assets, net659 291 368 — Other assets5,496 367 1,923 3,206 Total assets$80,934 $31,896 $26,655 $22,383 Liabilities:Deposits$66,341 $25,487 $33,767 $7,087 Borrowings and qualifying debt6,472 15 37 6,420 Other liabilities1,414 72 476 866 Total liabilities74,227 25,574 34,280 14,373 Allocated equity:6,707 2,727 1,899 2,081 Total liabilities and equity$80,934 $28,301 $36,179 $16,454 Excess funds provided (used)$— $(3,595)$9,524 $(5,929)Income Statement: Three Months Ended June 30, 2024:(in millions)Interest income$1,147.5 $625.5 $258.5 $263.5 Interest expense490.9 174.8 155.3 160.8 Funds transfer pricing— (158.6)236.0 (77.4)Net interest income656.6 292.