Company: WTFCN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001015328-25-000188
Chunk: 85

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 1
Chunk 85
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 mortgage banking revenue of $6.0 million (see “Non-Interest Income” for further detail).  

Non-interest expense totaled $381.5 million in the second quarter of 2025, an increase of $41.1 million, or 12%, compared to the second quarter of 2024. This increase compared to the second quarter of 2024 was primarily attributable to increased salaries and employee benefits of $21.0 million, increased software and equipment expenses of $7.3 million and increased amortization of other acquisition-related intangible assets of $4.5 million. (see “Non-Interest Expense” for further detail).  

Management considers the maintenance of adequate liquidity to be important to the management of risk. Accordingly, during the second quarter of 2025, the Company continued its practice of maintaining appropriate funding capacity to provide the Company with adequate liquidity for its ongoing operations. In this regard, the Company benefited from its strong deposit base, a liquid investment portfolio and its access to funding from a variety of external funding sources, including the Company’s issuance of an additional series of preferred stock during the second quarter of 2025. See “Shareholders’ Equity”, “Deposits” and “Other Funding Sources” for additional information regarding liquidity sources. 

49

RESULTS OF OPERATIONS

Earnings Summary

The Company’s key operating measures and growth rates for the three and six months ended June 30, 2025, as compared to the same period last year, are shown below: 

Three Months Ended(Dollars in thousands, except per share data)June 30,2025June 30,2024Percentage (%) orBasis Point (bp) ChangeNet income$195,527 $152,388 28 %Pre-tax income, excluding provision for credit losses (non-GAAP) (1)289,322 251,404 15 Net income per common share—Diluted2.78 2.32 20 Net revenue (2)670,783 591,757 13 Net interest income546,694 470,610 16 Net interest margin 3.52 %3.50 %2 bpsNet interest margin - fully taxable-equivalent (non-GAAP) (1)3.54 3.52 2 Net overhead ratio (3)1.57 1.53 4 Return on average assets1.19 1.07 12 Return on average