Company: WTFCN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001015328-25-000207
Chunk: 53

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
Chunk 53
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 Net interest income1,119,411 265,921 22,618 1,407,950 29,437 1,437,387 Provision for credit losses77,192 6,876 — 84,068 — 84,068 Non-interest income212,578 89,221 131,521 433,320 (58,446)374,874 Non-interest expense:Salaries268,145 45,439 30,076 343,660 1,343 345,003 Commissions and incentive compensation96,459 26,426 37,842 160,727 — 160,727 Benefits77,670 13,804 7,771 99,245 — 99,245 Other segment expenses (1)366,858 67,460 25,244 459,562 (30,352)429,210 Total non-interest expense809,132 153,129 100,933 1,063,194 (29,009)1,034,185 Income before taxes445,665 195,137 53,206 694,008 — 694,008 Income tax expense119,170 52,720 12,435 184,325 — 184,325 Net income$326,495 $142,417 $40,771 $509,683 $— $509,683 (1)Other segment items include non-interest expense categories such as ‘Software & Equipment’, ‘Data processing’, ‘Advertising and Marketing’, ‘FDIC Insurance’, and ‘Occupancy’. See “Non-Interest Expense” under Management’s Discussion and Analysis of Financial Condition and Results of Operations in Item 2 of this Form 10-Q for further discussion on non-interest expense.

(14) Derivative Financial Instruments

The Company primarily enters into derivative financial instruments as part of its strategy to manage its exposure to changes in interest rates. Derivative instruments represent contracts between parties that result in one party delivering cash to the other party based on a notional amount and an underlying term (such as a rate, security price or price index or commodity price) as specified in the contract. The amount of cash delivered from one party to the other is determined based on the interaction of the notional amount of the contract with the underlying term. Derivatives are also implicit in certain contracts and commitments.The derivative financial instruments currently