Company: WTFCN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001015328-25-000188
Chunk: 53

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 1
Chunk 53
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 June 30, 2025, December 31, 2024 and June 30, 2024:Derivative AssetsDerivative Liabilities(In thousands)June 30,2025December 31,2024June 30,2024June 30,2025December 31,2024June 30,2024Derivatives designated as hedging instruments under ASC 815:Interest rate derivatives designated as Cash Flow Hedges$57,245 $7,329 $7,532 $11,314 $56,084 $96,825 Interest rate derivatives designated as Fair Value Hedges6,207 10,001 12,678 549 87 — Total derivatives designated as hedging instruments under ASC 815$63,452 $17,330 $20,210 $11,863 $56,171 $96,825 Derivatives not designated as hedging instruments under ASC 815:Interest rate derivatives$144,350 $177,553 $215,275 $141,880 $183,799 $217,157 Interest rate lock commitments5,548 1,950 4,795 — 18 67 Forward commitments to sell mortgage loans4,028 1,297 102 4,048 88 597 Commodity forward contracts119 766 702 42 583 304 Foreign exchange contracts3,609 1,131 2,776 3,569 1,091 2,709 Total derivatives not designated as hedging instruments under ASC 815$157,654 $182,697 $223,650 $149,539 $185,579 $220,834 Total Derivatives$221,106 $200,027 $243,860 $161,402 $241,750 $317,659 Cash Flow Hedges of Interest Rate RiskThe Company’s objectives in using interest rate derivatives are to add stability to net interest income and to manage its exposure to interest rate movements. To accomplish these objectives, the Company primarily uses interest rate swaps and interest rate collars as part of its interest rate risk management strategy. Interest rate swaps designated as cash flow hedges involve the receipt of variable-rate amounts to or from a counterparty in exchange for the Company receiving or paying fixed-rate payments over the life of the agreements without the exchange