Company: WTFCN
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001015328-25-000093
Chunk: 165

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-02-28
Form: 10-K
Item: Item 8
Chunk 165
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 Wintrust follow:Statements of Financial Condition December 31,(In thousands)20242023AssetsCash$196,969 $262,680 Available-for-sale debt securities and equity securities with readily determinable fair value16,240 15,532 Investment in and receivable from subsidiaries6,674,426 5,842,160 Goodwill8,371 8,371 Other assets371,284 364,623 Total assets$7,267,290 $6,493,366 Liabilities and Shareholders’ EquityOther liabilities$171,275 $171,922 Subordinated notes298,283 437,866 Other borrowings199,869 230,486 Junior subordinated debentures253,566 253,566 Shareholders’ equity6,344,297 5,399,526 Total liabilities and shareholders’ equity$7,267,290 $6,493,366 Statements of Income Years Ended December 31,(In thousands)202420232022IncomeDividends and other revenue from subsidiaries$548,232 $433,784 $120,151 Other income (losses) (1,781)1,729 (12,969)Total income$546,451 $435,513 $107,182 ExpensesInterest expense$49,306 $53,612 $36,522 Salaries and employee benefits159,725 145,011 138,466 Other expenses182,255 160,259 155,744 Total expenses$391,286 $358,882 $330,732 Income (loss) before income taxes and equity in undistributed income of subsidiaries$155,165 $76,631 $(223,550)Income tax benefit79,684 72,260 70,490 Income (loss) before equity in undistributed net income of subsidiaries$234,849 $148,891 $(153,060)Equity in undistributed net income of subsidiaries460,196 473,735 662,742 Net income$695,045 $622,626 $509,682 

167

Statements of Cash Flows Years Ended December 31,(In thousands)202420232022Operating Activities:Net income$695,045 $622,626 $509,682 Adjustments to reconcile net income to net cash provided by operating activitiesLoss