Company: WTFCN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001015328-25-000207
Chunk: 131

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
Chunk 131
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,698 12 6,096,746 12 Time certificates of deposit10,319,719 19 9,841,702 19 9,598,109 19 Total average deposits$55,557,208 100 %$53,224,991 100 %$48,939,999 100 %

Total average deposits for the third quarter of 2025 were $55.6 billion, an increase of $6.6 billion, or 14%, from the third quarter of 2024. Total deposits increased in the third quarter of 2025 as compared to the third quarter of 2024 primarily as a result of the Company’s increased marketing efforts to retain and attract deposits to support continued loan growth. 

Wealth management deposits are funds from the brokerage customers of Wintrust Investments, CDEC and trust and asset management customers of the Company which have been placed into deposit accounts of the banks (“wealth management deposits” in the table above). Wealth Management deposits consist primarily of money market accounts. Consistent with reasonable interest rate risk parameters, these funds have generally been invested in loan production of the banks as well as other investments suitable for banks.

Brokered Deposits

While the Company obtains a portion of its total deposits through brokered deposits, the Company does so primarily as an asset-liability management tool to assist in the management of interest rate risk, and the Company does not consider brokered deposits to be a vital component of its current liquidity resources. Historically, brokered deposits have represented a small component of the Company’s total deposits outstanding, as set forth in the table below:

September 30,December 31,(Dollars in thousands)20252024202420232022Total deposits$56,711,381 $51,404,966 $52,512,349 $45,397,170 $42,902,544 Brokered deposits3,914,074 4,080,401 3,598,102 4,216,718 3,174,093 Brokered deposits as a percentage of total deposits6.9 %7.9 %6.9 %9.3 %7.4 %

Brokered deposits include certificates of deposit obtained through deposit brokers, deposits received through the Certificate of Deposit Account Registry Program, and certain deposits of brokerage customers from unaffiliated companies which have been placed into deposit accounts of the banks.

Other Funding Sources

Although deposits are the Company