Company: WTFCN
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001015328-25-000093
Chunk: 169

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-02-28
Form: 10-K
Item: Item 9A
Chunk 169
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ITEM 9A. CONTROLS AND PROCEDURES

Disclosure Controls and Procedures 

As of the end of the period covered by this Annual Report on Form 10-K, management of the Company, under the supervision and with the participation of the Chief Executive Officer and Chief Financial Officer, carried out an evaluation of the effectiveness of the design and operation of the Company’s disclosure controls and procedures as defined under Rules 13a-15(e) and 15d-15(e) of the Exchange Act. Based upon, and as of the date of that evaluation, the Chief Executive Officer and Chief Financial Officer concluded that the Company’s disclosure controls and procedures were effective, in ensuring the information relating to the Company (and its consolidated subsidiaries) required to be disclosed by the Company in the reports it files or submits under the Exchange Act was recorded, processed, summarized and reported in a timely manner. As permitted by SEC-issued guidance that an assessment of internal controls over financial reporting of a recently acquired business may be excluded from management’s evaluation of disclosure controls and procedures for up to a year from the date of acquisition, the Company excluded Macatawa from management’s reporting on internal control over financial reporting as of December 31, 2024 as Macatawa was acquired by the Company during 2024. The Company will continue to evaluate the effectiveness of internal controls over financial reporting as it completes the integration of Macatawa with the Company and will make changes to its internal control framework, as necessary. The acquisition of Macatawa contributed $3.3 billion of assets, or 5.1% of the Company’s total assets, at December 31, 2024 and $63.6 million of net revenue, or 2.6% of the Company’s total net revenue for the year ended December 31, 2024. The annual report of the Company’s management on internal control over financial reporting is provided on page 170. The report of Ernst & Young LLP, the Company’s independent registered public accounting firm, regarding the Company’s internal control over financial reporting is provided on page 171.

169

Changes in Internal Control Over Financial Reporting

There were no changes in the Company’s internal control over financial reporting that occurred during the quarter ended December 31, 2024 that have materially affected, or are reasonably likely to materially affect, the Company’s internal control over financial reporting.

Report on Management’s Assessment of Internal Control Over Financial Reporting

Wintrust Financial Corporation is responsible for the preparation, integrity, and fair presentation of the