Company: WTFCN
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001015328-25-000130
Chunk: 30

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-05-05
Form: 10-Q
Item: Item 1
Chunk 30
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$169,604 $223,853 $7,116 $13,133 $13,069 $490 $427,265 Other adjustments— — — — (31)— (31)Charge-offs(11,215)(5,469)(74)(38)(6,938)(107)(23,841)Recoveries479 31 29 2 1,527 23 2,091 Provision for credit losses7,650 7,637 120 604 5,703 (23)21,691 Allowance for credit losses at period end$166,518 $226,052 $7,191 $13,701 $13,330 $383 $427,175 By measurement method:Individually measured$13,989 $1,784 $— $59 $— $9 $15,841 Collectively measured152,529 224,268 7,191 13,642 13,330 374 411,334 Loans at period endIndividually measured$31,740 $39,262 $838 $17,509 $— $19 $89,368 Collectively measured13,471,741 11,594,175 339,511 2,728,392 14,812,052 51,102 42,996,973 Loans held at fair value— — — 144,365 — — 144,365 For the three months ended March 31, 2025 and March 31, 2024, the Company recognized approximately $24.0 million and $21.7 million of provision for credit losses, respectively, related to loans and lending agreements. The provision for each period was primarily the result of losses experienced in the Commercial, Commercial Real Estate and Premium Finance Receivables portfolios along with growth across various segments, which was offset by improved macroeconomic forecasts related to Baa Credit Spread and CRE Price Index. However, uncertainties remain regarding expected economic performance and macroeconomic forecasts utilized in the measurement of the allowance for credit losses as of March 31, 2025, thus a macroeconomic uncertainty qualitative overlay of approximately $35.9 million was applied in the first quarter of 2025 primarily related to widening credit spreads and lower valuations in the financial markets. Net charge-offs in the