Company: WAL-PA
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001212545-25-000141
Chunk: 123

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 123
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.7 5.11 Total interest bearing deposits47,094 378.3 3.26 41,724 380.6 3.67 Short-term borrowings1,722 20.8 4.89 3,715 53.8 5.82 Long-term debt2,652 36.6 5.60 444 12.2 11.06 Qualifying debt899 9.3 4.18 895 9.5 4.28 Total interest bearing liabilities52,367 445.0 3.45 46,778 456.1 3.92 Interest cost of funding earning assets2.34 2.69 Non-interest bearing liabilitiesNon-interest bearing deposits22,097 18,183 Other liabilities1,485 1,536 Equity6,899 6,184 Total liabilities and equity$82,848 $72,681 Net interest income and margin (4)$650.6 3.47 %$598.9 3.60 %

(1)Yields on loans and securities have been adjusted to a TEB. The taxable-equivalent adjustment was $10.2 million and $9.6 million for the three months ended March 31, 2025 and 2024, respectively. 

(2)Included in the yield computation are net loan fees of $23.8 million and $33.1 million for the three months ended March 31, 2025 and 2024, respectively.

(3)Includes non-accrual loans.

(4)Net interest margin is computed by dividing net interest income by total average earning assets, annualized on an actual/actual basis.

65

Three Months Ended March 31,2025 versus 2024Increase (Decrease) Due to Changes in (1)VolumeRateTotal(in millions)Interest income:Loans HFS$29.2 $(1.7)$27.5 Loans HFI:Commercial and industrial65.5 (45.4)20.1 CRE - non-owner occupied9.5 (19.5)(10.0)CRE - owner-occupied1.1 0.8 1.9 Construction and land development(10.7)(14.6)(25.3)Residential real estate(4.0)(0.8)(4.8)Consumer(