Company: WAL-PA
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001212545-25-000214
Chunk: 266

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 8
Chunk 266
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Salaries and employee benefits179.9 35.4 39.1 105.4 Other non-interest expense (1)334.8 134.4 291.2 (90.8)Income (loss) before provision for income taxes291.3 154.6 183.3 (46.6)Income tax expense (benefit)53.5 28.1 34.3 (8.9)Net income (loss)$237.8 $126.5 $149.0 $(37.7)Six Months Ended June 30, 2025:(in millions)Interest income$2,250.0 $1,204.4 $588.5 $457.1 Interest expense901.8 303.4 312.9 285.5 Funds transfer pricing— (270.1)556.2 (286.1)Net interest income (expense)1,348.2 630.9 831.8 (114.5)Provision for (recovery of) credit losses71.1 66.2 9.9 (5.0)Net interest income (expense) after provision for credit losses1,277.1 564.7 821.9 (109.5)Non-interest income275.7 75.2 165.5 35.0 Salaries and employee benefits362.3 79.6 82.1 200.6 Other non-interest expense (1)652.8 259.2 557.9 (164.3)Income (loss) before provision for income taxes537.7 301.1 347.4 (110.8)Income tax expense (benefit)100.8 50.5 59.5 (9.2)Net income (loss)$436.9 $250.6 $287.9 $(101.6)(1)    The composition of other non-interest expense is consistent with Non-interest expense as presented in the Consolidated Income Statement.

57

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 —