Company: WTFCN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001015328-25-000188
Chunk: 167

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 2
Chunk 167
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348 23,289 3,059 13 Total other37,243 33,964 3,279 10 Total Non-interest Expense$381,461 $340,353 $41,108 12 %

NM - Not meaningful.

Six Months Ended$ Change% Change(Dollars in thousands)June 30,2025June 30,2024Salaries and employee benefits:Salaries$247,091 $226,032 $21,059 9 %Commissions and incentive compensation108,407 103,152 5,255 5 Benefits75,569 64,530 11,039 17 Total salaries and employee benefits431,067 393,714 37,353 9 Software and equipment71,239 56,962 14,277 25 Operating lease equipment 21,228 21,517 (289)(1)Occupancy, net41,006 38,671 2,335 6 Data processing23,384 18,795 4,589 24 Advertising and marketing31,033 30,476 557 2 Professional fees18,287 19,520 (1,233)(6)Amortization of other acquisition-related intangible assets11,198 2,280 8,918 NMFDIC insurance21,897 19,810 2,087 11 FDIC insurance - special assessment— 5,156 (5,156)(100)OREO expense, net1,148 133 1,015 NMOther:Lending expenses, net of deferred originations costs10,735 10,413 322 3 Travel and entertainment11,296 9,937 1,359 14 Miscellaneous54,033 46,114 7,919 17 Total other76,064 66,464 9,600 14 Total Non-interest Expense$747,551 $673,498 $74,053 11 %

NM - Not meaningful.

Notable contributions to the change in non-interest expense are as follows: 

61

Salaries and employee benefits expense increased for the three and six months ended June 30, 2025 as compared to the same periods in 2024. The increase was primarily due to annual merit increases and increases in employees related to the growth of the Company, including the Macatawa acquisition.

Software