Company: WTFCN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001015328-25-000188
Chunk: 158

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 2
Chunk 158
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 Junior subordinated debentures253,566 253,566 8,639 9,988 6.87 7.92 Total interest-bearing liabilities$46,129,572 $39,607,973 $734,705 $720,688 3.21 %3.66 %Non-interest-bearing deposits10,687,733 9,925,890 Other liabilities1,498,578 1,568,761 Equity6,662,598 5,445,315 Total liabilities and shareholders’ equity$64,978,481 $56,547,939 Interest rate spread (6) (8)2.76 %2.62 %Less:  Fully taxable-equivalent adjustment(5,779)(5,676)(0.02)(0.03)Net free funds/contribution (7)$15,157,930 $13,589,392 0.79 0.94 Net interest income/margin (GAAP) (8)$1,073,168 $934,804 3.53 %3.53 %Fully taxable-equivalent adjustment5,779 5,676 0.02 0.03 Net interest income/margin, fully taxable-equivalent (non-GAAP) (8)$1,078,947 $940,480 3.55 %3.56 %

(1)Includes interest-bearing deposits with banks and securities purchased under resale agreements with original maturities of greater than three months. Cash equivalents include federal funds sold and securities purchased under resale agreements with original maturities of three months or less. 

(2)Investment securities includes investment securities classified as available-for-sale and held-to-maturity, and equity securities with readily determinable fair values. Equity securities without readily determinable fair values are included within other assets.

(3)Interest income on tax-advantaged loans, trading securities and investment securities reflects a taxable-equivalent adjustment based on a marginal federal corporate tax rate in effect as of the applicable period. The total adjustments for the six months ended June 30, 2025 and June 30, 2024 were $5.8 million and $5.7 million, respectively. 

(4)Other earning assets include brokerage customer receivables and trading account securities.

(5)Loans, net of unearned income, include nonaccrual loans.

(6)Interest rate