Company: WAL-PA
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001628280-25-047883
Chunk: 154

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 1
Chunk 154
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 $157.8 $35.7 $555.8 $465.7 $90.1 Deposit costs175.1 208.0 (32.9)459.3 518.7 (59.4)Data processing48.1 38.7 9.4 138.3 110.4 27.9 Legal, professional, and directors' fees28.1 24.8 3.3 82.3 80.7 1.6 Insurance24.5 35.4 (10.9)99.8 128.1 (28.3)Occupancy16.8 17.6 (0.8)50.9 53.5 (2.6)Loan servicing expenses15.0 18.7 (3.7)51.5 50.3 1.2 Loan acquisition and origination expenses7.3 5.9 1.4 18.3 15.8 2.5 Business development and marketing5.6 9.7 (4.1)17.6 21.6 (4.0)Other expense30.4 20.8 9.6 85.7 61.2 24.5 Total non-interest expense$544.4 $537.4 $7.0 $1,559.5 $1,506.0 $53.5 

Total non-interest expense for the three months ended September 30, 2025 increased by $7.0 million compared to the same period in 2024, primarily due to higher salaries and employee benefits, other non-interest expense, and data processing costs. Salaries and employee benefits rose by $35.7 million, reflecting increases in average salary and headcount. Other non-interest expense grew by $9.6 million, largely driven by increased costs from operating OREO properties. Data processing costs were up $9.4 million attributable to higher software licensing fees and associated depreciation. These increases were partially offset by a reduction in deposit costs of $32.9 million resulting from lower ECR rates as well as a decrease in insurance expense of $10.9 million, due to lower FDIC assessment fees following a decline in brokered deposit levels.

Total non-interest expense for the nine months ended September 30, 2025 increased by $53