Company: WTFCN
Filing Date: 2025-04-03
Form Type: DEF 14A
Source: 0001104659-25-031671
Chunk: 49

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-04-03
Form: DEF 14A
Chunk 49
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mer unless otherwise indicated. See “Amended and Restated Employment Agreement with Mr. Wehmer” on page 39. Executive Summary 2024 Business Highlights In 2024, the Company achieved strong business results overall with continued growth and operational efficiency as a focus for both the banks and the non-bank businesses. Consistent with its founding values, the Company continued to adhere to its core principles of sound and conservative underwriting. The Company drove growth through its bank and non-bank businesses. As a result of these steps and the executive officers’ leadership during challenging times that included a period of rapidly rising interest rates, the Company continued its history of profitability. We believe that the results achieved in 2024 highlighted the benefit of the guidance provided by the executive leadership team who maintained a measured and balanced approach to pursuing growth, managing interest rate risk and maintaining credit quality and appropriate reserves. The Compensation Committee of our Board (the “Committee”) recognizes that the Company’s executive officers have a key role in overseeing growth while appropriately managing risk. In that regard, the Committee considered the accomplishments of management in the following context (results are as of December 31, 2024): • generated record net income of $695.0 million (an 11.6% increase from $622.6 million in 2023); • generated pre-tax income of $947.1 million (a 12.1% increase from $845.1 million in 2023); • increased deposits by 15.7% to $52.5 billion (a $7.1 billion increase from $45.4 billion in 2023); • increased loan portfolio (excluding loans held for sale) by 14.1% from year-end 2023 to $48.1 billion, the highest reported level in the history of the Company; • increased total assets to $64.9 billion, an increase of $8.6 billion, or 15.3%, from year-end of 2023; • remained at low levels of total non-performing assets as a percentage of total assets during 2024 (the percentage at the end of 2024 was 0.30% compared to 0.27% at the end of 2023) • increased quarterly Common Stock dividend to $0.45 per share, resulting in total dividends of $115.3 million paid in 2024 to eligible holders of Common Stock; • achieved the Company’s twenty-eighth consecutive year of profitability in 2024;