Company: WTFCN
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001015328-25-000130
Chunk: 79

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-05-05
Form: 10-Q
Item: Item 1
Chunk 79
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 Add: Acquisition-related intangible asset amortization 5,618 5,773 1,158 Less: Tax effect of acquisition-related intangible asset amortization(1,421)(1,547)(291)After-tax acquisition-related intangible asset amortization 4,197 4,226 867 (O) Tangible net income applicable to common shares (non-GAAP)$186,245 $182,597 $181,170 Total average shareholders’ equity$6,460,941 $6,418,403 $5,440,457 Less: Average preferred stock(412,500)(412,500)(412,500)(P) Total average common shareholders’ equity$6,048,441 $6,005,903 $5,027,957 Less: Average acquisition-related intangible assets(916,069)(921,438)(678,731)(Q) Total average tangible common shareholders’ equity (non-GAAP)$5,132,372 $5,084,465 $4,349,226 Return on average common equity, annualized (N/P)12.21 %11.82 %14.42 %Return on average tangible common equity, annualized (non-GAAP) (O/Q)14.72 14.29 16.75 

Reconciliation of Non-GAAP Pre-Tax, Pre-Provision Income:Income before taxes$253,055 $253,081 $249,956 Add:  Provision for credit losses23,963 16,979 21,673 Pre-tax income, excluding provision for credit losses (non-GAAP)$277,018 $270,060 $271,629 

Critical Accounting Estimates

The Company’s Consolidated Financial Statements are prepared in accordance with GAAP in the United States, prevailing practices of the banking industry, and the application of accounting policies of which are described in Note (1) “Summary of Significant Accounting Policies” to the Consolidated Financial Statements in Item 8 of the Company’s 2024 Form 10-K. These policies require numerous estimates and strategic or economic assumptions, which may prove inaccurate or subject to variations. Changes in underlying factors, assumptions or estimates could have a material impact on the Company’s future financial condition and results of operations. At March 31, 2025, management views critical accounting estimates to include the determination of the allowance for credit losses, estimations of fair value,