Company: WTFCN
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001015328-25-000130
Chunk: 87

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-05-05
Form: 10-Q
Item: Item 1
Chunk 87
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Non-interest Income

The following table presents non-interest income by category for the periods presented:

Three Months Ended$Change%Change(Dollars in thousands)March 31,2025March 31,2024Brokerage$4,757 $5,556 $(799)(14)%Trust and asset management29,285 29,259 26 0 Total wealth management (1)34,042 34,815 (773)(2)Mortgage banking20,529 27,663 (7,134)(26)Service charges on deposit accounts19,362 14,811 4,551 31 Gains on investment securities, net3,196 1,326 1,870 NMFees from covered call options3,446 4,847 (1,401)(29)Trading (losses) gains, net(64)677 (741)NMOperating lease income, net15,287 14,110 1,177 8 Other:Interest rate swap fees2,269 2,828 (559)(20)BOLI796 1,651 (855)(52)Administrative services1,393 1,217 176 14 Foreign currency remeasurement losses(183)(1,171)988 (84)Changes in fair value on EBOs and loans held-for-investment383 (439)822 NMEarly pay-offs of capital leases768 430 338 79 Miscellaneous15,410 37,815 (22,405)(59)Total Other20,836 42,331 (21,495)(51)Total Non-interest Income$116,634 $140,580 $(23,946)(17)%

(1)Wealth management revenue is comprised of the trust and asset management revenue of Wintrust Private Trust Company, N.A. and Great Lakes Advisors, the brokerage commissions, managed money fees and insurance product commissions at Wintrust Investments and fees from tax-deferred like-kind exchange services provided by CDEC.

NM—Not Meaningful.

52

Notable contributions to the change in non-interest income are as follows: 

Mortgage banking revenue decreased for the three months ended March 31, 2025 as compared to the same period in 2024 due to lower production margins and lower net revenue related to MSR activity and valuation adjustments. Mortgage banking revenue includes revenue from activities related to originating, selling