Company: WTFCN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001015328-25-000188
Chunk: 81

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 1
Chunk 81
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 securitiesGains included in net income$(87)$1,204 $(388)$1,178 Gains (losses) on investment securities, net(87)1,204 (388)1,178 Income before taxesTax effect23 (319)101 (312)Income tax expenseNet of tax$(64)$885 $(287)$866 Net incomeAccumulated unrealized gains on derivative instrumentsAmount reclassified to interest income on loans$8,215 $23,849 $17,286 $48,324 Interest on LoansAmount reclassified to interest expense on deposits(3,325)(3,325)(6,650)(7,982)Interest on deposits(4,890)(20,524)(10,636)(40,342)Income before taxesTax effect1,272 5,429 2,766 10,671 Income tax expenseNet of tax$(3,618)$(15,095)$(7,870)$(29,671)Net incomeEarnings per ShareThe following table shows the computation of basic and diluted earnings per share for the periods indicated:Three Months EndedSix Months Ended(Dollars in thousands, except per share data)June 30,2025June 30,2024June 30,2025June 30,2024Net income$195,527 $152,388 $384,566 $339,682 Less: Preferred stock dividends6,991 6,991 13,982 13,982 Net income applicable to common shares(A)$188,536 $145,397 $370,584 $325,700 Weighted average common shares outstanding(B)66,931 61,839 66,829 61,660 Effect of dilutive potential common sharesCommon stock equivalents888 926 903 901 Weighted average common shares and effect of dilutive potential common shares(C)67,819 62,765 67,732 62,561 Net income per common share:Basic(A/B)$2.82 $2.35 $5.55 $5.28 Diluted(A/C)$2.78 $2.32 $5.47 $5.21 Potentially dilutive common shares can result from stock options, restricted stock unit awards and shares to be issued under the Employee Stock Purchase Plan and the Directors Deferred Fee and Stock Plan, being treated as