Company: WTFCN
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001015328-25-000093
Chunk: 92

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-02-28
Form: 10-K
Item: Item 8
Chunk 92
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 period$142,769 $184,352 $7,573 $11,585 $10,671 $498 $357,448 Cumulative effect adjustment from the adoption of ASU 2022-02111 1,356 (33)(692)— (1)741 Other adjustments — — — — 47 — 47 Charge-offs(15,713)(15,228)(227)(192)(21,857)(595)(53,812)Recoveries2,651 460 139 21 4,946 93 8,310 Provision for credit losses39,786 52,913 (336)2,411 19,262 495 114,531 Allowance for loan losses at period end$169,604 $223,853 $7,116 $13,133 $13,069 $490 427,265 By measurement method:Individually evaluated for impairment$17,589 $3,150 $— $135 $— $11 $20,885 Collectively evaluated for impairment152,015 220,703 7,116 12,998 13,069 479 406,380 Loans at period end:Individually evaluated for impairment$38,940 $35,459 $1,341 $15,391 $— $22 $91,153 Collectively evaluated for impairment12,793,113 11,308,705 342,635 2,599,014 14,781,472 60,478 41,885,417 Loan held at fair value— — — 155,261 — — 155,261 For the year ended December 31, 2024, the Company recognized an approximately $100.9 million provision for credit losses related to loans and lending agreements, including an approximately $15.5 million provision for credit losses related to non-PCD assets acquired with the Macatawa acquisition. The decreased provision compared to December 31, 2023 was primarily the result of improvements in the macroeconomic forecast, specifically the Company’s macroeconomic forecasts of key model inputs (most notably, Commercial Real Estate Price Index primarily impacting the commercial real estate portfolio and Baa corporate credit spreads) partially offset by growth experienced by the Company in 2024 in various loan