Company: WTFCN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001015328-25-000188
Chunk: 132

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 1
Chunk 132
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 covenants in the Company’s revolving and term facilities. In January and April of 2025, the Company declared a quarterly cash dividend of $0.50 per common share. In January, April, July and October of 2024, the Company declared a quarterly cash dividend of $0.45 per common share. 

At the July 2025 meeting of the Board of Directors, a quarterly cash dividend of $0.50 per common share ($2.00 on an annualized basis) was declared. It is payable on August 21, 2025 to shareholders of record as of August 7, 2025.

Per GAAP, prior issuance costs from Series D Preferred Stock and Series E Preferred Stock will be reclassified, upon redemption, from capital surplus and recognized through retained earnings. These amounts do not impact operating net income but will be considered as a reduction to net income available to common shareholders and will impact earnings per share calculations. The following table represents the Series F Preferred Stock offering and Series D and Series E Preferred Stock redemption estimated impact on diluted EPS:

Three Months Ended(Dollars and shares in thousands, except per share data)June 30, 2025September 30, 2025December 31, 2025Series D and Series E Preferred Stock Quarterly Dividend$(6,991)$— $— Series F Preferred Stock First Dividend (1) — (13,295)— Series F Preferred Stock Regular Quarterly Dividend (2)— — (8,367)Series D Preferred Stock Issuance Costs (non-recurring)— (4,158)— Series E Preferred Stock Issuance Costs (non-recurring)— (9,887)— Total Impact$(6,991)$(27,340)$(8,367)Average diluted common shares (3)67,819 67,819 67,819 Diluted EPS Impact$(0.10)$(0.40)$(0.12)

(1)   Series F Preferred Stock First Dividend covers the time period May 22, 2025 to October 15, 2025 and was declared by the Board of Directors in July 2025.

(2)   Series F Preferred Stock Quarterly Dividend amount, if declared by the Board of Directors.

(3) Average diluted common shares held constant at September 30, 2025 and December 31, 2025 for illustrative purposes.

The Company continues to leverage its capital management