Company: WTFCN
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001015328-25-000130
Chunk: 127

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-05-05
Form: 10-Q
Item: Item 2
Chunk 127
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037 $5,931,797 $5,023,900 (M) Actual common shares outstanding66,919 66,495 61,737 Book value per common share (L/M)$92.47 $89.21 $81.38 Tangible book value per common share (non-GAAP) (I/M)78.83 75.39 70.40 

47

Reconciliation of Non-GAAP Return on Average Tangible Common Equity:(N) Net income applicable to common shares$182,048 $178,371 $180,303 Add: Acquisition-related intangible asset amortization 5,618 5,773 1,158 Less: Tax effect of acquisition-related intangible asset amortization(1,421)(1,547)(291)After-tax acquisition-related intangible asset amortization 4,197 4,226 867 (O) Tangible net income applicable to common shares (non-GAAP)$186,245 $182,597 $181,170 Total average shareholders’ equity$6,460,941 $6,418,403 $5,440,457 Less: Average preferred stock(412,500)(412,500)(412,500)(P) Total average common shareholders’ equity$6,048,441 $6,005,903 $5,027,957 Less: Average acquisition-related intangible assets(916,069)(921,438)(678,731)(Q) Total average tangible common shareholders’ equity (non-GAAP)$5,132,372 $5,084,465 $4,349,226 Return on average common equity, annualized (N/P)12.21 %11.82 %14.42 %Return on average tangible common equity, annualized (non-GAAP) (O/Q)14.72 14.29 16.75 

Reconciliation of Non-GAAP Pre-Tax, Pre-Provision Income:Income before taxes$253,055 $253,081 $249,956 Add:  Provision for credit losses23,963 16,979 21,673 Pre-tax income, excluding provision for credit losses (non-GAAP)$277,018 $270,060 $271,629 

Critical Accounting Estimates

The Company’s Consolidated Financial Statements are prepared in accordance with GAAP in the United States, prevailing practices of