Company: WAL-PA
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001628280-25-047883
Chunk: 23

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 2
Chunk 23
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Three Months Ended September 30, 2025:(in millions)Income (loss) before provision for income taxes$313.8 $133.4 $227.2 $(46.8)Nine Months Ended September 30, 2025:Income (loss) before provision for income taxes$851.5 $434.6 $574.6 $(157.7)Three Months Ended September 30, 2024:Income before provision for income taxes$252.1 $138.2 $113.7 $0.2 Nine Months Ended September 30, 2024:Income before provision for income taxes$731.8 $411.1 $303.4 $17.3 

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BALANCE SHEET ANALYSIS

Total assets increased $10.0 billion, or 12.4%, to $91.0 billion at September 30, 2025, compared to $80.9 billion at December 31, 2024. Higher deposit levels supported increases in investment securities and cash of $3.7 billion and $1.7 billion, respectively, and also funded HFI and HFS loan growth. Loans HFI increased $3.0 billion, or 5.5%, to $56.6 billion as of September 30, 2025 compared to $53.7 billion as of December 31, 2024. By loan type, commercial and industrial, commercial real estate, and residential loans increased $2.6 billion, $476 million, and $325 million, respectively, from December 31, 2024. Loans HFS increased $1.2 billion from $2.3 billion as of December 31, 2024 primarily due to an increase in non-EBO loans. 

Total liabilities increased $9.1 billion to $83.3 billion at September 30, 2025, compared to $74.2 billion at December 31, 2024 as total deposits increased $10.9 billion, or 16.4%, to $77.2 billion. By type, the increase in deposits from December 31, 2024 was driven by increases of $7.8 billion in non-interest bearing deposits, $3.4 billion in savings and money market accounts, and $544 million in interest bearing demand deposits, partially offset by a decrease in certificates of deposit of $839 million. Other borrowings decreased $1.