Company: WAL-PA
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001628280-25-047883
Chunk: 290

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 8
Chunk 290
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.38 50,362 503.1 3.97 Interest cost of funding earning assets2.21 2.58 Non-interest bearing liabilitiesNon-interest bearing deposits26,438 24,638 Other liabilities1,539 1,457 Equity7,607 6,632 Total liabilities and equity$91,312 $83,089 Net interest income and margin (4)$750.4 3.53 %$696.9 3.61 %

(1)Yields on loans and securities have been adjusted to a TEB. The taxable-equivalent adjustment was $9.7 million and $10.0 million for the three months ended September 30, 2025 and 2024, respectively. 

(2)Included in the yield computation are net loan fees of $28.1 million and $21.7 million for the three months ended September 30, 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.

67

Nine Months Ended September 30,20252024Average BalanceInterestAverage Yield / CostAverageBalanceInterestAverage Yield / Cost(dollars in millions)Interest earning assetsLoans HFS$4,725 $217.7 6.16 %$3,192 $149.1 6.24 %Loans HFI:Commercial and industrial24,056 1,168.9 6.55 20,220 1,107.8 7.38 CRE - non-owner occupied10,247 547.8 7.15 9,613 560.6 7.80 CRE - owner occupied1,785 80.7 6.15 1,835 83.5 6.18 Construction and land development4,309 269.2 8.36 4,806 340.0 9.45 Residential real estate14,435 457.5 4.24 14,565 470.0 4.31 Consumer34 1.8 6.99 54 2.9 7.14 Total loans HFI (1), (2), (3)54,866 2,525.9 6.18 51,093