v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Assets:    
Cash and due from banks $ 576.0 $ 497.0
Interest bearing deposits in other financial institutions 7,978.0 3,099.0
Cash and cash equivalents 8,554.0 3,596.0
Investment securities - AFS, at fair value; amortized cost of $19,343 at March 31, 2026 and $19,303 at December 31, 2025 18,701.0 18,788.0
Investment securities - HTM, at amortized cost and net of ACL of $13.4 and $12.9 (fair value of $1,450 and $1,427) at March 31, 2026 and December 31, 2025, respectively 1,612.0 1,571.0
Investment securities - equity 79.0 79.0
Investments in restricted stock, at cost 239.0 248.0
Loans HFS 3,936.0 3,498.0
Loans:    
Loans HFI, net of deferred fees and costs 59,142.0 58,677.0
Less: allowance for credit losses (461.1) (460.6)
Net loans HFI 58,681.0 58,216.0
Mortgage servicing rights 1,516.0 1,494.0
Premises and equipment, net 480.0 442.0
Operating lease right of use asset 125.0 131.0
Bank owned life insurance 1,067.0 1,057.0
Goodwill and intangible assets, net 646.0 649.0
Deferred tax assets, net 408.0 349.0
Investments in LIHTC and renewable energy 581.0 593.0
Other assets 2,228.0 2,063.0
Total assets 98,853.0 92,774.0
Deposits:    
Non-interest bearing 28,078.0 24,353.0
Interest bearing 54,645.0 52,806.0
Total deposits 82,723.0 77,159.0
Other borrowings 5,610.0 5,240.0
Qualifying debt 1,072.0 1,076.0
Operating lease liability 154.0 160.0
Other liabilities 1,386.0 1,193.0
Total liabilities 90,945.0 84,828.0
Commitments and contingencies (Note 15)
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 March 31, 2026 and December 31, 2025) 295.0 295.0
Common stock (par value $0.0001; 200,000,000 authorized; 112,413,369 shares issued at March 31, 2026 and 112,491,068 at December 31, 2025) and additional paid in capital 2,191.0 2,232.0
Treasury stock, at cost (3,175,460 shares at March 31, 2026 and 2,981,687 shares at December 31, 2025) (155.0) (137.0)
Accumulated other comprehensive loss (456.0) (344.0)
Retained earnings 5,740.0 5,607.0
Total Western Alliance stockholders’ equity 7,615.0 7,653.0
Noncontrolling interest in subsidiary 293.0 293.0
Total equity 7,908.1 7,945.9
Total liabilities and equity $ 98,853.0 $ 92,774.0