Company: WTFCN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001015328-25-000188
Chunk: 166

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 2
Chunk 166
---
7,432 (3,349)Changes in FV on early buy-out loans guaranteed by US Govt (HFS)60 642 2,793 (1,548)Total fair value mortgage banking revenue$(1,371)$747 $(1,255)$3,575 Total mortgage banking revenue$23,170 $29,124 $43,699 $56,787      

(1)Production revenue represents revenue earned from the origination and subsequent sale of mortgages, including gains on loans sold and fees from originations, changes in other related financial instruments carried at fair value, processing and other related activities, and excludes servicing fees, changes in the fair value of servicing rights and changes to the mortgage recourse obligation and other non-production revenue.

(2)Certain volume adjusted for the estimated pull-through rate of the loan, which represents the Company’s best estimate of the likelihood that a committed loan will ultimately fund.

60

Non-interest Expense

The following table presents non-interest expense by category for the periods presented:

Three Months Ended$ Change% Change(Dollars in thousands)June 30,2025June 30,2024Salaries and employee benefits:Salaries$123,174 $113,860 $9,314 8 %Commissions and incentive compensation55,871 52,151 3,720 7 Benefits40,496 32,530 7,966 24 Total salaries and employee benefits219,541 198,541 21,000 11 Software and equipment36,522 29,231 7,291 25 Operating lease equipment 10,757 10,834 (77)(1)Occupancy, net20,228 19,585 643 3 Data processing12,110 9,503 2,607 27 Advertising and marketing18,761 17,436 1,325 8 Professional fees9,243 9,967 (724)(7)Amortization of other acquisition-related intangible assets5,580 1,122 4,458 NMFDIC insurance10,971 10,429 542 5 OREO expense, net505 (259)764 NMOther:Lending expenses, net of deferred originations costs4,869 5,335 (466)(9)Travel and entertainment6,026 5,340 686 13 Miscellaneous26,