Company: WAL-PA
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001212545-25-000214
Chunk: 48

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 48
---
Item 1.Financial Statements

WESTERN ALLIANCE BANCORPORATION AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(Unaudited)June 30, 2025December 31, 2024(in millions, except shares and per share amounts)Assets:Cash and due from banks$439 $320 Interest bearing deposits in other financial institutions2,328 3,776 Cash and cash equivalents2,767 4,096 Investment securities - Trading, at fair value53 — Investment securities - AFS, at fair value; amortized cost of $17,494 at June 30, 2025 and $14,178 at December 31, 2024 (ACL of $0.3 and $0.4 at June 30, 2025 and December 31, 2024)16,898 13,468 Investment securities - HTM, at amortized cost and net of ACL of $11.6 and $16.4 (fair value of $1,368 and $1,309) at June 30, 2025 and December 31, 2024, respectively1,528 1,510 Investment securities - equity122 117 Investments in restricted stock, at cost269 232 Loans HFS3,022 2,286 Loans HFI, net of deferred fees and costs55,939 53,676 Less: allowance for credit losses(395)(374)Net loans held for investment55,544 53,302 Mortgage servicing rights1,044 1,127 Premises and equipment, net365 361 Operating lease right of use asset130 128 Bank owned life insurance1,033 1,011 Goodwill and intangible assets, net653 659 Deferred tax assets, net313 281 Investments in LIHTC and renewable energy588 606 Other assets2,396 1,750 Total assets$86,725 $80,934 Liabilities:Deposits:Non-interest bearing$22,997 $18,846 Interest bearing48,110 47,495 Total deposits71,107 66,341 Other borrowings6,052 5,573 Qualifying debt678 899 Operating lease liability160 159 Other liabilities1,321 1,255 Total liabilities79,