Company: WTFCN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001015328-25-000188
Chunk: 41

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 1
Chunk 41
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13,340 Specialty finance segment:Customer list intangibles with finite lives:Gross carrying amount$1,962 $1,959 $1,961 Accumulated amortization(1,915)(1,881)(1,861)    Net carrying amount$47 $78 $100 Wealth management segment:Customer list and other intangibles with finite lives:Gross carrying amount$26,630 $26,630 $26,630 Accumulated amortization(20,787)(20,140)(19,463)    Net carrying amount$5,843 $6,490 $7,167 Total acquisition-related intangible assets:Gross carrying amount$200,498 $200,495 $89,597 Accumulated amortization(90,003)(78,805)(68,990)Total other acquisition-related intangible assets, net$110,495 $121,690 $20,607 Estimated amortizationActual in six months ended June 30, 2025$11,198 Estimated remaining in 202510,203 Estimated—202618,830 Estimated—202716,333 Estimated—202813,908 Estimated—202911,536 The core deposit intangibles recognized in connection with the Company’s bank acquisitions are amortized over a ten-year period on an accelerated basis. The customer list intangibles recognized in connection with the purchase of life insurance premium finance assets in 2009 are being amortized over an 18-year period on an accelerated basis. The customer list and other intangibles recognized in connection with prior acquisitions within the wealth management segment are being amortized over a period of up to ten years on a straight-line or accelerated basis. Indefinite-lived intangible assets consist of certain trade and domain names recognized in connection with prior acquisitions. As indefinite-lived intangible assets are not amortized, the Company assesses impairment on at least an annual basis. Total amortization expense associated with finite-lived acquisition-related intangibles totaled approximately $11.2 million and $2.3 million for the six months ended June 30, 2025 and 2024, respectively.

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(9) Mortgage Servicing Rights (“MSRs”)

The following is a summary of the changes in the carrying value of MSRs, accounted for at fair value, for the periods indicated:Three Months EndedSix Months EndedJune 30,June