Company: WTFCN
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001015328-25-000093
Chunk: 113

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-02-28
Form: 10-K
Item: Item 8
Chunk 113
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ars in thousands)Estimated—2025$552 Estimated—2026111 Estimated—2027111 Estimated—2028111 Estimated—2029+444 Total$1,329 Practical Expedients and ExemptionsThe Company does not adjust the promised amount of consideration for the effects of a significant financing component if the Company expects, at contract inception, that the period between when the Company transfers a promised service to a customer and when the customer pays for that services is one year or less. The Company recognizes the incremental costs of obtaining a contract as an expense when incurred if the amortization period of the asset that the entity otherwise would have recognized is one year or less.

137

(16) Lease Commitments 

The following tables provide a summary of lease costs, weighted average remaining lease term and discount rate and future required fixed payments related to the Company’s leasing arrangements in which it is the lessee:Year Ended(In thousands)December 31,2024December 31,2023December 31,2022Operating lease cost$23,446 $22,337 $22,767 Finance lease cost:Amortization of right-of-use asset249 219 219 Interest on lease liability366 290 291 Short-term lease cost111 41 302 Variable lease cost2,865 2,391 2,966 Sublease income(80)(70)(73)Total lease cost$26,957 $25,208 $26,472 Year Ended(In thousands)December 31,2024December 31,2023Cash paid for amounts included in the measurement of operating lease liabilities$24,940 $23,599 Cash paid for amounts included in the measurement of finance lease liabilities349 337 Right-of-use asset obtained in exchange for new operating lease liabilities9,538 14,595 Right-of-use asset obtained in exchange for new finance lease liabilities1,222 1,408 Weighted average remaining lease term - operating leases9.87 years10.6 yearsWeighted average remaining lease term - finance leases36.49 years37.4 yearsWeighted average discount rate - operating leases4.30 %4.12 %Weighted average discount rate - finance leases3.93 %3.81 %(In thousands)Payments2025$25,408 202623,020 202721,544 202819,601 202917,407 2030 and thereafter93,