Company: WAL-PA
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001212545-25-000090
Chunk: 151

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-02-25
Form: 10-K
Item: Item 8
Chunk 151
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 issued and outstanding and liquidation value per depositary share of $25 at December 31, 2024 and 2023)295 295 Common stock (par value $0.0001; 200,000,000 authorized; 112,897,807 and 112,169,523 shares issued at December 31, 2024 and 2023, respectively) and additional paid in capital2,245 2,197 Treasury stock, at cost (2,845,201 and 2,703,218 shares at December 31, 2024 and 2023, respectively)(125)(116)Accumulated other comprehensive loss(534)(513)Retained earnings4,826 4,215 Total stockholders’ equity6,707 6,078 Total liabilities and stockholders’ equity$80,934 $70,862 

See accompanying Notes to Consolidated Financial Statements.

78

WESTERN ALLIANCE BANCORPORATION AND SUBSIDIARIES

CONSOLIDATED INCOME STATEMENTS

Year Ended December 31,202420232022(in millions, except per share amounts)Interest income:Loans, including fees$3,629.1 $3,409.7 $2,393.4 Investment securities703.6 459.9 265.6 Dividends and other208.4 165.7 32.8 Total interest income4,541.1 4,035.3 2,691.8 Interest expense:Deposits1,600.2 1,142.6 276.4 Qualifying debt38.0 37.9 35.0 Other borrowings284.0 515.9 164.1 Total interest expense1,922.2 1,696.4 475.5 Net interest income2,618.9 2,338.9 2,216.3 Provision for credit losses145.9 62.6 68.1 Net interest income after provision for credit losses2,473.0 2,276.3 2,148.2 Non-interest income:Service charges and loan fees96.0 101.0 49.5 Net gain on loan origination and sale activities206.3 193.5 104.0 Net loan servicing revenue121.5 102.3 130.