Company: WTFCN
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001015328-25-000093
Chunk: 243

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-02-28
Form: 10-K
Item: Item 7
Chunk 243
---
ITEM 7.MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The following discussion highlights the significant factors affecting the operations and financial condition of Wintrust for the three years ended December 31, 2024. The detailed financial discussion focuses on 2024 results compared to 2023. This discussion and analysis should be read in conjunction with the Company’s Consolidated Financial Statements and Notes thereto within this Annual Report on Form 10-K.

For a discussion of 2023 results compared to 2022, refer to Part II, Item 7, “Management's Discussion and Analysis of Financial Condition and Results of Operations” of the Wintrust Annual Report on Form 10-K for the year ended December 31, 2023 filed on February 28, 2024. 

OPERATING SUMMARY

Wintrust’s key measures of profitability and balance sheet changes are shown in the following table:

 Years EndedDecember 31,Percentage (%) orBasis Point (bp) ChangePercentage (%) orBasis Point (bp) Change(Dollars in thousands, except per share data)2024202320222023 to 20242022 to 2023Net income$695,045 $622,626 $509,682 12 %22 %Pre-tax income, excluding provision for credit losses (non-GAAP)  (1)1,048,136 959,471 779,144 9 23 Net income per common share — Diluted10.31 9.58 8.02 8 19 Net revenue (2)2,450,860 2,271,970 1,956,415 8 16 Net interest income1,962,535 1,837,864 1,495,362 7 23 Net interest margin3.51 %3.66 %3.15 %(15) bp51  bpNet interest margin - fully taxable-equivalent (non-GAAP) (1)3.53 3.68 3.17 (15)51 Net overhead ratio (3)1.54 1.64 1.42 (10)22 Non-interest income to average assets0.82 0.81 0.91 1 (10)Non-interest expense to average assets2.36 2.45 2.33 (9)