Company: WTFCN
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001015328-25-000130
Chunk: 95

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-05-05
Form: 10-Q
Item: Item 1
Chunk 95
---
2024 related to the sale of the Company’s RBA division within its wealth management business. Non-interest expenses decreased by $1.1 million for the quarter ended March 31, 2025 compared to the same period in 2024, primarily because of decreased salary, commissions, and incentive compensation. Distribution of wealth management services through each bank continues to be a focus of the Company. The Company is committed to growing the wealth management segment in order to better service its customers and 

56

create a more diversified revenue stream. The wealth management segment’s net income totaled $4.5 million for the first quarter of 2025 compared to $24.7 million for the first quarter of 2024.

Financial Condition

Total assets were $65.9 billion at March 31, 2025, representing an increase of $8.3 billion, or 14%, when compared to March 31, 2024 and an increase of approximately $1.0 billion, or 6% on an annualized basis, when compared to December 31, 2024. Total funding, which includes deposits, all notes and advances, including secured borrowings and the junior subordinated debentures, was $57.8 billion at March 31, 2025, $56.8 billion at December 31, 2024, and $50.4 billion at March 31, 2024. See Notes (5), (6), (10), (11) and (12) of the Consolidated Financial Statements presented under Item 1 of this report for additional period-end detail on the Company’s interest-earning assets and funding liabilities.

Interest-Earning Assets

The following table sets forth, by category, the composition of average earning asset balances and the relative percentage of total average earning assets for the periods presented:

Three Months EndedMarch 31, 2025December 31, 2024March 31, 2024(Dollars in thousands)BalancePercentBalancePercentBalancePercentMortgage loans held-for-sale$286,710 1 %$378,707 1 %$290,275 1 %Loans, net of unearned incomeCommercial$15,363,740 25 %$15,109,403 25 %$12,903,752 25 %Commercial real estate12,931,000 21 12,889,746 22 11,507,050 22 Home equity449,095