Company: WTFCN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001015328-25-000188
Chunk: 40

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 1
Chunk 40
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Goodwill AdjustmentsJune 30,2025Community banking$687,754 $— $— $— $687,754 Specialty finance37,193 — — 1,202 38,395 Wealth management71,995 — — — 71,995     Total$796,942 $— $— $1,202 $798,144 The specialty finance unit’s goodwill increased $1.2 million in the first six months of 2025 as a result of foreign currency translation adjustments related to the 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 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. At the conclusion of this assessment of all reporting units, the Company determined that as of June 30, 2025, 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 June 30, 2025 is as follows:(In thousands)June 30,2025December 31,2024June 30,2024Community banking segment:Core deposit intangibles with finite lives:Gross carrying amount$158,106 $158,106 $55,206 Accumulated amortization(67,301)(56,784)(47,666)    Net carrying amount$90,805 $101,322 $7,540 Trademark with indefinite lives:Carrying amount13,800 13,800 5,800 Total net carrying amount$104,605 $115,122 $