Company: WAL-PA
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001212545-25-000214
Chunk: 285

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 8
Chunk 285
---
)(31.7)Investment securities:Taxable12.6 (1.7)10.9 38.6 (5.3)33.3 Tax-exempt(0.1)0.2 0.1 0.5 1.2 1.7 Total investment securities12.5 (1.5)11.0 39.1 (4.1)35.0 Cash and other(5.4)(16.3)(21.7)7.2 (21.4)(14.2)Total interest income103.6 (96.7)6.9 233.2 (185.7)47.5 Interest expense:Interest bearing demand accounts(9.7)(24.3)(34.0)(12.8)(43.3)(56.1)Savings and money market accounts40.5 (16.1)24.4 86.8 (27.5)59.3 Certificates of deposit(3.7)(19.2)(22.9)(5.0)(33.0)(38.0)Total deposits27.1 (59.6)(32.5)69.0 (103.8)(34.8)Short-term borrowings(13.1)(10.1)(23.2)(36.6)(19.6)(56.2)Long-term debt29.0 (6.0)23.0 59.5 (12.1)47.4 Qualifying debt(0.7)(0.7)(1.4)(0.7)(0.9)(1.6)Total interest expense42.3 (76.4)(34.1)91.2 (136.4)(45.2)Net change$61.3 $(20.3)$41.0 $142.0 $(49.3)$92.7 

(1)    Changes attributable to both volume and rate are designated as volume changes.

Comparison of interest income, interest expense and net interest margin

The Company's primary source of revenue is interest income. For the three months ended June 30, 2025, interest income totaled $1.2 billion, an increase of $6.9 million, or 0.6%, compared to $1.1 billion for the three months ended June 30,