Company: WTFCN
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001015328-25-000093
Chunk: 99

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-02-28
Form: 10-K
Item: Item 8
Chunk 99
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 adjustments related to prior Canadian acquisitions.The Company assesses each reporting unit’s goodwill for impairment on at least an annual basis and considers potential indicators of impairment at each reporting date between annual goodwill impairment tests. At October 1, 2024, the Company utilized a quantitative approach for its annual goodwill impairment tests of the community banking, specialty finance and wealth management reporting units and determined that no impairment existed at that time. At each reporting date between annual goodwill impairment tests, the Company considers potential indicators of impairment. The Company assessed whether events and circumstances as of each reporting date in 2024 resulted in it being more likely than not that the fair value of any reporting unit was less than its carrying value. Potential impairment indicators considered include the condition of the economy and banking industry; government intervention and regulatory updates; the impact of recent events to financial performance and cost factors of the reporting units; performance of the Company’s stock and other relevant events. As of December 31, 2024, the Company identified no indicators of goodwill impairment subsequent to its analysis as of October 1, 2024 within the community banking, specialty finance or wealth management reporting units and the Company determined it was more likely than not that the fair value of all reporting units exceeded the respective carrying value of such reporting unit. 

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A summary of acquisition-related intangible assets as of the dates shown and the expected amortization of finite-lived acquisition-related intangible assets as of December 31, 2024 is as follows: December 31,(In thousands)20242023Community banking segment:Core deposit intangibles with finite lives:Gross carrying amount$158,106 $55,206 Accumulated amortization(56,784)(46,125)Net carrying amount$101,322 $9,081 Trademark with indefinite lives:Carrying amount13,800 5,800 Total net carrying amount$115,122 $14,881 Specialty finance segment:Customer list intangibles with finite lives:Gross carrying amount$1,959 $1,963 Accumulated amortization(1,881)(1,837)Net carrying amount$78 $126 Wealth management segment:Customer list and other intangibles with finite lives:Gross carrying amount$26,630 $26,630 Accumulated amortization(20,140)(18,748)Net carrying amount$6,490 $7,882 Total acquisition-related intangible assets:Gross carrying