WESTERN ALLIANCE BANCORPORATION
For the period ended Sep 30, 2024. Filed Oct 31, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Oct 31, 2024
WAL$77.20+2.2%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
| (Unaudited) | ||
|---|---|---|
| September 30, 2024 | December 31, 2023 | |
| (in millions, except shares and per share amounts) | ||
| Assets: | ||
| Cash and due from banks | $398 | $276 |
| Interest bearing deposits in other financial institutions | 2,194 | 1,300 |
| Cash and cash equivalents | 2,592 | 1,576 |
| Investment securities - AFS, at fair value; amortized cost of $15,258 at September 30, 2024 and $11,849 at December 31, 2023 (ACL of $0.4 and $1.4 at September 30, 2024 and December 31, 2023) | 14,750 | 11,165 |
| Investment securities - HTM, at amortized cost and net of ACL of $10 and $8 (fair value of $1,371 and $1,251) at September 30, 2024 and December 31, 2023, respectively | 1,515 | 1,421 |
| Investment securities - equity | 117 | 126 |
| Investments in restricted stock, at cost | 171 | 281 |
| Loans HFS | 2,327 | 1,402 |
| Loans HFI, net of deferred fees and costs | 53,346 | 50,297 |
| Less: allowance for credit losses | (357) | (337) |
| Net loans held for investment | 52,989 | 49,960 |
| Mortgage servicing rights | 1,011 | 1,124 |
| Premises and equipment, net | 354 | 339 |
| Operating lease right of use asset | 127 | 145 |
| Bank owned life insurance | 1,000 | 186 |
| Goodwill and intangible assets, net | 661 | 669 |
| Deferred tax assets, net | 254 | 287 |
| Investments in LIHTC and renewable energy | 560 | 573 |
| Other assets | 1,652 | 1,608 |
| Total assets | $80,080 | $70,862 |
| Liabilities: | ||
| Deposits: | ||
| Non-interest bearing | $24,965 | $14,520 |
| Interest bearing | 43,075 | 40,813 |
| Total deposits | 68,040 | 55,333 |
| Other borrowings | 2,995 | 7,230 |
| Qualifying debt | 898 | 895 |
| Operating lease liability | 159 | 179 |
| Other liabilities | 1,311 | 1,147 |
| Total liabilities | 73,403 | 64,784 |
| Commitments and contingencies (Note 14) | ||
| Stockholders’ equity: | ||
| Preferred stock (par value $0.0001 and liquidation value per share of $25; 20,000,000 authorized; 12,000,000 depositary shares issued and outstanding at September 30, 2024 and December 31, 2023) | 295 | 295 |
| Common stock (par value $0.0001; 200,000,000 authorized; 112,917,197 shares issued at September 30, 2024 and 112,169,523 at December 31, 2023) and additional paid in capital | 2,235 | 2,197 |
| Treasury stock, at cost (2,844,743 shares at September 30, 2024 and 2,703,218 shares at December 31, 2023) | (125) | (116) |
| Accumulated other comprehensive loss | (382) | (513) |
| Retained earnings | 4,654 | 4,215 |
| Total stockholders’ equity | 6,677 | 6,078 |
| Total liabilities and stockholders’ equity | $80,080 | $70,862 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.