Company: WTFCN
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001015328-25-000130
Chunk: 3

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-05-05
Form: 10-Q
Item: Item 1
Chunk 3
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4,847 Trading (losses) gains, net(64)677 Operating lease income, net15,287 14,110 Other20,836 42,331 Total non-interest income116,634 140,580 Non-interest expenseSalaries and employee benefits211,526 195,173 Software and equipment34,717 27,731 Operating lease equipment 10,471 10,683 Occupancy, net20,778 19,086 Data processing11,274 9,292 Advertising and marketing12,272 13,040 Professional fees9,044 9,553 Amortization of other acquisition-related intangible assets5,618 1,158 FDIC insurance10,926 14,537 Other real estate owned expense, net643 392 Other38,821 32,500 Total non-interest expense366,090 333,145 Income before taxes253,055 249,956 Income tax expense64,016 62,662 Net income$189,039 $187,294 Preferred stock dividends6,991 6,991 Net income applicable to common shares$182,048 $180,303 Net income per common share—Basic$2.73 $2.93 Net income per common share—Diluted$2.69 $2.89 Cash dividends declared per common share$0.50 $0.45 Weighted average common shares outstanding66,726 61,481 Dilutive potential common shares923 928 Average common shares and dilutive common shares67,649 62,409 

See accompanying notes to unaudited consolidated financial statements.

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Table of Contents

WINTRUST FINANCIAL CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED)

Three Months Ended(In thousands)March 31,2025March 31,2024Net income$189,039 $187,294 Unrealized gains (losses) on available-for-sale securitiesBefore tax74,826 (77,888)Tax effect(19,455)20,601 Net of tax55,371 (57,287)Reclassification of net losses on available-for-sale securities included in net incomeBefore tax(301)(26)Tax effect78 7 Net of tax(223)(19)Reclassification of