Company: WTFCN
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001015328-25-000093
Chunk: 51

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-02-28
Form: 10-K
Item: Item 8
Chunk 51
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IES

CONSOLIDATED STATEMENTS OF CASH FLOWSYears Ended December 31,(In thousands)202420232022Operating Activities:Net income$695,045 $622,626 $509,682 Adjustments to reconcile net income to net cash provided by operating activitiesProvision for credit losses101,047 114,390 78,589 Depreciation, amortization and accretion, net100,079 84,764 82,070 Deferred income tax expense (benefit)11,011 (19,707)22,057 Stock-based compensation expense38,108 33,495 31,748 (Accretion) amortization of premium on securities, net(2,133)1,236 2,416 Accretion of discount and deferred fees on loans, net(18,984)(16,943)(19,565)Mortgage servicing rights fair value changes18,637 36,209 (36,609)Non-designated derivatives fair value changes, net61,035 (3,048)1,691 Originations and purchases of mortgage loans held-for-sale(2,624,914)(1,962,205)(2,799,000)Early buy-out exercises of mortgage loans held-for-sale guaranteed by U.S. government agencies, net of subsequent paydowns or payoffs(23,197)(25,954)80,158 Proceeds from sales of mortgage loans held-for-sale2,609,248 1,963,214 3,146,442 Bank owned life insurance (“BOLI”) (gains) losses(5,755)(4,575)806 Decrease (increase) in trading securities, net635 (3,580)(66)(Increase) decrease in brokerage customer receivables, net(7,510)5,795 9,681 Gains on mortgage loans sold(46,430)(37,738)(43,391)Gains on premium financing receivables sold(4,575)(890)— Losses (gains) on investment securities, net, and dividend reinvestment on equity securities2,602 (1,525)20,427 Losses on sales of premises and equipment, net336 1,290 2,845 Gains on sales and fair value adjustments of other real estate owned, net(1,951)(1,656)(792)Increase in