Company: WTFCN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001015328-25-000188
Chunk: 187

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 2
Chunk 187
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+ months61,614 2.36 Total$10,332,696 3.78 %

72

The following table sets forth, by category, the composition of average deposit balances and the relative percentage of total average deposits for the periods presented:

Three Months EndedJune 30, 2025March 31, 2025June 30, 2024(Dollars in thousands)BalancePercentBalancePercentBalancePercentNon-interest-bearing$10,643,798 20 %$10,732,156 21 %$9,879,134 21 %NOW and interest-bearing demand deposits6,423,050 12 6,046,189 11 4,985,306 11 Wealth management deposits1,552,989 3 1,574,480 3 1,531,865 3 Money market18,184,754 34 17,581,141 34 15,272,126 33 Savings6,578,698 12 6,479,444 13 5,878,844 13 Time certificates of deposit9,841,702 19 9,406,126 18 8,546,172 19 Total average deposits$53,224,991 100 %$51,819,536 100 %$46,093,447 100 %

Total average deposits for the second quarter of 2025 were $53.2 billion, an increase of $7.1 billion, or 15%, from the second quarter of 2024. Total deposits increased in the second quarter of 2025 as compared to the second quarter of 2024 primarily as a result of the Company’s increased marketing efforts to retain and attract deposits to support continued loan growth and the Macatawa acquisition. 

Wealth management deposits are funds from the brokerage customers of Wintrust Investments, CDEC and trust and asset management customers of the Company which have been placed into deposit accounts of the banks (“wealth management deposits” in the table above). Wealth Management deposits consist primarily of money market accounts. Consistent with reasonable interest rate risk parameters, these funds have generally been invested in loan production of the banks as well as other investments suitable for banks.

Brokered Deposits

While the Company obtains a portion of its total deposits through brokered deposits, the Company does so primarily as an asset-liability management tool to assist in the management of interest rate risk, and