Company: WAL-PA
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001212545-25-000141
Chunk: 233

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 8
Chunk 233
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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 losses15.2 15.3 (0.4)0.3 Net interest income (expense) after provision for credit losses583.7 273.3 293.4 17.0 Non-interest income129.9 26.1 95.7 8.1 Salaries and employee benefits154.9 34.8 37.5 82.6 Other non-interest expense (1)326.9 120.6 258.7 (52.4)Income (loss) before provision for income taxes231.8 144.0 92.9 (5.1)Income tax expense (benefit)54.4 33.7 21.8 (1.1)Net income (loss)$177.4 $110.3 $71.1 $(4.0)(1)    The composition of other non-interest expense is consistent with Non-interest expense as presented in the Consolidated Income Statement.

18. REVENUE FROM CONTRACTS WITH CUSTOMERS 

Revenue streams within the scope of ASC 606 include service charges and fees, interchange fees on credit and debit cards, and legal settlement service fees. These revenues totaled $23.0 million and $13.5 million for the three months ended March 31, 2025 and 2024, respectively. The Company had no material unsatisfied performance obligations as of March 31, 202