v3.25.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Assets:    
Cash and due from banks $ 439.0 $ 320.0
Interest bearing deposits in other financial institutions 2,328.0 3,776.0
Cash and cash equivalents 2,767.0 4,096.0
Investment securities - Trading, at fair value 53.0 0.0
Investment securities - AFS, at fair value; amortized cost of $17,494 at June 30, 2025 and $14,178 at December 31, 2024 (ACL of $0.3 and $0.4 at June 30, 2025 and December 31, 2024) 16,898.0 13,468.0
Investment securities - HTM, at amortized cost and net of ACL of $11.6 and $16.4 (fair value of $1,368 and $1,309) at June 30, 2025 and December 31, 2024, respectively 1,528.0 1,510.0
Investment securities - equity 122.0 117.0
Investments in restricted stock, at cost 269.0 232.0
Loans HFS 3,022.0 2,286.0
Loans:    
Loans HFI, net of deferred fees and costs 55,939.0 53,676.0
Less: allowance for credit losses (394.7) (373.8)
Net loans HFI 55,544.0 53,302.0
Mortgage servicing rights 1,044.0 1,127.0
Premises and equipment, net 365.0 361.0
Operating lease right of use asset 130.0 128.0
Bank owned life insurance 1,033.0 1,011.0
Goodwill and intangible assets, net 653.0 659.0
Deferred tax assets, net 313.0 281.0
Investments in LIHTC and renewable energy 588.0 606.0
Other assets 2,396.0 1,750.0
Total assets 86,725.0 80,934.0
Deposits:    
Non-interest bearing 22,997.0 18,846.0
Interest bearing 48,110.0 47,495.0
Total deposits 71,107.0 66,341.0
Other borrowings 6,052.0 5,573.0
Qualifying debt 678.0 899.0
Operating lease liability 160.0 159.0
Other liabilities 1,321.0 1,255.0
Total liabilities 79,318.0 74,227.0
Commitments and contingencies (Note 15)
Preferred stock, par value (dollars per share) $ 0.0001 $ 0.0001
Equity:    
Preferred stock (par value $0.0001; 20,000,000 authorized; 30,000 shares (12,000,000 depositary shares) issued and outstanding and liquidation value per depositary share of $25 at June 30, 2025 and December 31, 2024) $ 295.0 $ 295.0
Common stock (par value $0.0001; 200,000,000 authorized; 113,359,870 shares issued at June 30, 2025 and 112,897,807 at December 31, 2024) and additional paid in capital 2,273.0 2,245.0
Treasury stock, at cost (2,979,168 shares at June 30, 2025 and 2,845,201 shares at December 31, 2024) (137.0) (125.0)
Accumulated other comprehensive loss (482.0) (534.0)
Retained earnings 5,165.0 4,826.0
Total Western Alliance stockholders’ equity 7,114.0 6,707.0
Noncontrolling interest in subsidiary 293.0 0.0
Total equity 7,406.8 6,707.5
Total liabilities and equity $ 86,725.0 $ 80,934.0
Preferred stock, shares issued (shares) 30,000 30,000
Preferred stock, shares outstanding (shares) 30,000 30,000