Company: WAL-PA
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001212545-25-000141
Chunk: 110

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 110
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 266.7 (73.4)Income (loss) before provision for income taxes246.4 146.6 164.0 (64.2)Income tax expense47.3 22.4 25.2 (0.3)Net income (loss)$199.1 $124.2 $138.8 $(63.9)

56

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 March 31, 2024:(in millions)Interest income$1,055.0 $607.2 $252.5 $195.3 Interest expense456.1 168.3 134.2 153.6 Funds transfer pricing— (150.3)174.7 (24.4)Net interest income598.9 288.6 293.0 17.3 Provision for (recovery of) credit losses15.