Company: WAL-PA
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001212545-25-000141
Chunk: 45

Company: WESTERN ALLIANCE BANCORPORATION
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 45
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urchases and originations of loans HFS(12,529.0)(9,984.5)Proceeds from sales and payments on loans HFS11,009.4 9,432.8 Mortgage servicing rights capitalized upon sale of mortgage loans(260.4)(188.7)Net losses (gains) on:Change in fair value of loans HFS, mortgage servicing rights, and related derivatives87.3 (28.5)Fair value adjustments2.9 0.7 Sale of investment securities(2.1)0.9 Other3.9 (3.0)Other assets and liabilities, net(164.1)287.4 Net cash used in operating activities$(1,654.0)$(306.5)Cash flows from investing activities:Investment securities - AFSPurchases$(2,748.1)$(5,938.0)Principal pay downs and maturities1,710.9 1,285.6 Proceeds from sales411.7 1,403.2 Investment securities - HTMPurchases(27.6)(36.9)Principal pay downs and maturities19.0 4.2 Equity securities carried at fair valuePurchases(0.2)(0.2)Redemptions5.0 — Proceeds from sales0.2 — Proceeds from sale of mortgage servicing rights and related holdbacks, net107.8 162.3 Proceeds from sale and purchase of other investments, net12.7 16.6 Proceeds from bank owned life insurance, net0.6 — Net increase in loans HFI(1,068.5)(525.7)Purchase of premises, equipment, and other assets, net(16.6)(18.8)Net cash used in investing activities$(1,593.1)$(3,647.7)

8

Three Months Ended March 31,20252024(in millions)Cash flows from financing activities:Net increase in deposits$2,979.3 $6,895.7 Net proceeds from issuance of long-term debt1,200.0 — Payments on long-term debt(2,005.9)(5.4)Net increase (decrease) in short-term borrowings19.6 (910.6)Net proceeds from issuance of equity by a subsidiary293.1 — Cash paid