Company: WTFCN
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001015328-25-000130
Chunk: 81

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-05-05
Form: 10-Q
Item: Item 1
Chunk 81
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 commercial real estate portfolios based on a 20 basis point change in Baa credit spreads from the assumption utilized in the estimate of that portfolio’s allowance for credit losses at March 31, 2025:

Baa Credit SpreadNarrowsWidensCommercialDecreases estimate by 10%-15%Increases estimate by 10%-15%Commercial Real Estate:ConstructionDecreases estimate by 15%-20%Increases estimate by 15%-20%Non-ConstructionDecreases estimate by 5%-6%Increases estimate by 5%-6%

Holding all other inputs constant, the following table provides a sensitivity analysis for the commercial portfolio based on a 10% change in the Dow Jones Total Stock Market Index from the assumption utilized in the estimate of that portfolio’s allowance for credit losses at March 31, 2025:

Dow Jones Total Stock Market IndexIncreasesDecreasesCommercialDecreases estimate by 5%-10%Increases estimate by 5%-10%

Holding all other inputs constant, the following table provides a sensitivity analysis for the commercial real estate construction and non-construction portfolios based on a 10% change in CREPI from the assumption utilized in the estimate of that portfolio’s allowance for credit losses at March 31, 2025:

CRE Price IndexIncreasesDecreasesCommercial Real Estate:ConstructionDecreases estimate by 30%-35%Increases estimate by 150%-155%Non-ConstructionDecreases estimate by 25%-30%Increases estimate by 40%-45%

See Note (7) “Allowance for Credit Losses” to the Consolidated Financial Statements in Item 1 of this report and the section titled “Credit Quality” in Item 2 of this report for a description of the methodology used to determine the allowance for credit losses.

For a more detailed discussion on these critical accounting estimates, see “Summary of Critical Accounting Estimates” beginning on page 57 of the 2024 Form 10-K.

49

Net Income

Net income for the quarter ended March 31, 2025 totaled $189.0 million, an increase of $1.7 million, or 1%, compared to the quarter ended March 31, 2024. On a per share basis, net income for the first quarter of 2025 totaled $2.69 per diluted common share compared to $2.89 for the first quarter of 2024.

The increase in net income for the first quarter of 2025 as compared to the same period in the prior year is primarily attributable to increased