Company: WTFCN
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001015328-25-000093
Chunk: 159

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-02-28
Form: 10-K
Item: Item 8
Chunk 159
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 SOFR plus 0.26161%, plus the spread of 4.06% per annum. The calculation agent for the Series D Preferred Stock may also make additional administrative conforming changes to the terms of the Series D Preferred Stock under AIRLA and Rule 253. 

163

Series E Preferred StockIn May 2020, the Company issued 11,500 shares of fixed-rate reset non-cumulative perpetual preferred stock, Series E, liquidation preference $25,000 per share (the “Series E Preferred Stock”) as part of a $287.5 million public offering of 11,500,000 depositary shares, each representing a 1/1,000th interest in a share of Series E Preferred Stock. When, as and if declared, dividends on the Series E Preferred Stock are payable quarterly in arrears at a fixed rate of 6.875% per annum from October 15, 2020 to, but excluding, July 15, 2025, and from (and including) July 15, 2025 at a floating rate equal to the Five-Year Treasury Rate (as defined in the certificate of designations for the Series E Preferred Stock) plus 6.507%.OtherAt the January 2025 Board of Directors meeting, a quarterly cash dividend of $0.50 per share of common stock ($2.00 on an annualized basis) was declared. It was paid on February 20, 2025 to shareholders of record as of February 6, 2025. Accumulated Other Comprehensive Income or LossThe following tables summarize the components of other comprehensive income or loss, including the related income tax effects, and the related amount reclassified to net income for the years ended December 31, 2024, 2023 and 2022:(In thousands)AccumulatedUnrealized(Losses) Gains on SecuritiesAccumulatedUnrealizedGains (Losses) on DerivativeInstrumentsAccumulatedForeignCurrencyTranslationAdjustmentsTotalAccumulatedOtherComprehensive(Loss) Income Balance at January 1, 2024$(350,697)$32,049 $(42,583)$(361,231)Other comprehensive (loss) during the period, net of tax, before reclassifications(77,903)(96,872)(24,945)(199,720)Amount reclassified from accumulated other comprehensive income or loss into net income, net of tax(915)53,596