Company: WAL-PA
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001628280-25-047883
Chunk: 283

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 8
Chunk 283
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 year-to-date for the year ended December 31, 2024.

62

Asset and Deposit Growth

The Company’s assets and liabilities are comprised primarily of loans and deposits. Therefore, the ability to originate new loans and attract new deposits is fundamental to the Company’s growth. 

Total assets increased to $91.0 billion at September 30, 2025, an increase of $10.0 billion, or 12.4%, from $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 of $3.0 billion and $1.2 billion, respectively.

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. In addition, 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 deposits increased $10.9 billion, or 16.4%, to $77.2 billion as of September 30, 2025 from $66.3 billion as of December 31, 2024. By type, the increase in deposits from December 31, 2024 was driven by increases of $7.8 billion, $3.4 billion, and $544 million in non-interest bearing deposits, savings and money market accounts, and interest bearing demand deposits, respectively, partially offset by a decrease of $839 million in certificates of deposit.

RESULTS OF OPERATIONS

The following table sets forth a summary financial overview:

Three Months Ended September 30,Increase (Decrease)Nine Months Ended September 30,Increase (Decrease)2025202420252024(in millions, except per share amounts)Consolidated Income Statement Data:Interest income$1,225.5 $1,200.0 $25.5 $3,475.5 $3,402.5 $73.0 Interest expense475.1 503.1 (