Company: WAL-PA
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001212545-25-000214
Chunk: 6

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 2
Chunk 6
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 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 $86.7 billion at June 30, 2025 from $80.9 billion at December 31, 2024. The increase in total assets of $5.8 billion, or 7.2%, was supported by an increase in deposits, which contributed to an increase in investment securities of $3.5 billion and funded HFI and HFS loan growth of $2.3 billion and $736 million, respectively, which was partially offset by a decrease in cash of $1.3 billion.

Loans HFI increased $2.3 billion, or 4.2%, to $55.9 billion as of June 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 $1.8 billion, $311 million, and $139 million, respectively, from December 31, 2024. In addition, loans HFS increased $736 million from $2.3 billion as of December 31, 2024 primarily due to an increase in non-EBO and agency-conforming loans.

Total deposits increased $4.8 billion, or 7.2%, to $71.1 billion as of June 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 $4.2 billion and $1.0 billion in non-interest bearing deposits and savings and money market accounts, respectively, partially offset by a decrease of $204 million in both interest bearing demand deposits and certificates of deposit.

RESULTS OF OPERATIONS

The following table sets forth a summary financial overview:

Three Months Ended June 30,Increase (Decrease)Six Months Ended June 30,Increase (Decrease)2025202420252024(in millions, except per share amounts)Consolidated Income Statement Data:Interest income$1,154.4 $1,147.5 $6.9 $2,250.0 $2,202.5 $47.5 Interest expense456.8