Company: WTFCN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001015328-25-000207
Chunk: 147

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 2
Chunk 147
---
 increase compared to the third quarter of 2024 was primarily attributable to increased salaries and 

49

Table of Contents

employee benefits of $8.4 million and increased software and equipment expenses of $3.5 million (see “Non-Interest Expense” for further detail).  

Management considers the maintenance of adequate liquidity to be important to the management of risk. Accordingly, during the third quarter of 2025, the Company continued its practice of maintaining appropriate funding capacity to provide the Company with adequate liquidity for its ongoing operations. In this regard, the Company benefited from its strong deposit base, a liquid investment portfolio and its access to funding from a variety of external funding sources, including the Company’s issuance of an additional series of preferred stock during the second quarter of 2025. See “Shareholders’ Equity”, “Deposits” and “Other Funding Sources” for additional information regarding liquidity sources. 

RESULTS OF OPERATIONS

Earnings Summary

The Company’s key operating measures and growth rates for the three and nine months ended September 30, 2025, as compared to the same period last year, are shown below: 

Three Months Ended(Dollars in thousands, except per share data)September 30,2025September 30,2024Percentage (%) orBasis Point (bp) ChangeNet income$216,254 $170,001 27 %Pre-tax income, excluding provision for credit losses (non-GAAP) (1)317,809 255,043 25 Net income per common share—Diluted2.78 2.47 13 Net revenue (2)697,837 615,730 13 Net interest income567,010 502,583 13 Net interest margin 3.48 %3.49 %(1)bpsNet interest margin - fully taxable-equivalent (non-GAAP) (1)3.50 3.51 (1)Net overhead ratio (3)1.45 1.62 (17)Return on average assets1.26 1.11 15 Return on average common equity11.58 11.63 (5)Return on average tangible common equity (non-GAAP) (1)13.74 13.92 (18)

Nine months ended(Dollars in thousands, except per share data)September 30,2025September 30,2024Percentage (%) orBasis Point