Company: WTFCN
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001015328-25-000130
Chunk: 35

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-05-05
Form: 10-Q
Item: Item 1
Chunk 35
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 intangible assets as of the dates shown and the expected amortization of finite-lived acquisition-related intangible assets as of March 31, 2025 is as follows:(In thousands)March 31,2025December 31,2024March 31,2024Community banking segment:Core deposit intangibles with finite lives:Gross carrying amount$158,106 $158,106 $55,206 Accumulated amortization(62,044)(56,784)(46,899)    Net carrying amount$96,062 $101,322 $8,307 Trademark with indefinite lives:Carrying amount13,800 13,800 5,800 Total net carrying amount$109,862 $115,122 $14,107 Specialty finance segment:Customer list intangibles with finite lives:Gross carrying amount$1,959 $1,959 $1,962 Accumulated amortization(1,901)(1,881)(1,849)    Net carrying amount$58 $78 $113 Wealth management segment:Customer list and other intangibles with finite lives:Gross carrying amount$26,630 $26,630 $26,630 Accumulated amortization(20,478)(20,140)(19,120)    Net carrying amount$6,152 $6,490 $7,510 Total acquisition-related intangible assets:Gross carrying amount$200,495 $200,495 $89,598 Accumulated amortization(84,423)(78,805)(67,868)Total other acquisition-related intangible assets, net$116,072 $121,690 $21,730 Estimated amortizationActual in three months ended March 31, 2025$5,618 Estimated remaining in 202515,783 Estimated—202618,830 Estimated—202716,333 Estimated—202813,908 Estimated—202911,536 The core deposit intangibles recognized in connection with the Company’s bank acquisitions are amortized over a ten-year period on an accelerated basis. The customer list intangibles recognized in connection with the purchase of life insurance premium finance assets in 2009 are being amortized over an 18-year period on an accelerated basis. The customer list and other intangibles recognized in connection with prior acquisitions within the wealth management segment are