WESTERN ALLIANCE BANCORPORATION
For the period ended Dec 31, 2024. Filed Feb 25, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 25, 2025
WAL$77.20+2.2%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
| December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| (in millions, except shares and per share amounts) | ||
| Assets: | ||
| Cash and due from banks | $320 | $276 |
| Interest bearing deposits in other financial institutions | 3,776 | 1,300 |
| Cash and cash equivalents | 4,096 | 1,576 |
| Investment securities - AFS, at fair value; amortized cost of $14,178 and $11,849 at December 31, 2024 and 2023, respectively (ACL of $0.4 and $1.4 at December 31, 2024 and 2023, respectively) | 13,468 | 11,165 |
| Investment securities - HTM, at amortized cost and net of allowance for credit losses of $16.4 and $7.8 (fair value of $1,309 and $1,251) at December 31, 2024 and 2023, respectively | 1,510 | 1,421 |
| Investment securities - equity | 117 | 126 |
| Investments in restricted stock, at cost | 232 | 281 |
| Loans HFS | 2,286 | 1,402 |
| Loans HFI, net of deferred fees and costs | 53,676 | 50,297 |
| Less: allowance for credit losses | (374) | (337) |
| Net loans held for investment | 53,302 | 49,960 |
| Mortgage servicing rights | 1,127 | 1,124 |
| Premises and equipment, net | 361 | 339 |
| Operating lease right of use asset | 128 | 145 |
| Bank owned life insurance | 1,011 | 186 |
| Goodwill and intangible assets, net | 659 | 669 |
| Deferred tax assets, net | 281 | 287 |
| Investments in LIHTC and renewable energy | 606 | 573 |
| Other assets | 1,750 | 1,608 |
| Total assets | $80,934 | $70,862 |
| Liabilities: | ||
| Deposits: | ||
| Non-interest bearing | $18,846 | $14,520 |
| Interest bearing | 47,495 | 40,813 |
| Total deposits | 66,341 | 55,333 |
| Other borrowings | 5,573 | 7,230 |
| Qualifying debt | 899 | 895 |
| Operating lease liability | 159 | 179 |
| Other liabilities | 1,255 | 1,147 |
| Total liabilities | 74,227 | 64,784 |
| Commitments and contingencies (Note 18) | ||
| Stockholders’ 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 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 capital | 2,245 | 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 earnings | 4,826 | 4,215 |
| Total stockholders’ equity | 6,707 | 6,078 |
| Total liabilities and stockholders’ equity | $80,934 | $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.