Company: WTFCN
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001015328-25-000093
Chunk: 270

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-02-28
Form: 10-K
Item: Item 7
Chunk 270
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,310 349,309 Savings accounts35,290 16,473 51,763 93,740 4,692 98,432 Time deposits76,076 113,073 189,149 154,153 21,834 175,987 Total interest expense — deposits$240,715 $196,457 $437,172 $707,991 $23,277 $731,268 FHLB advances3,343 23,519 26,862 20,367 21,591 41,958 Other borrowings657 (1,457)(800)14,983 6,003 20,986 Subordinated notes(45)(3,861)(3,906)— 19 19 Junior subordinated notes432 52 484 8,938 — 8,938 Total interest expense$245,102 $214,710 $459,812 $752,279 $50,890 $803,169 Less: fully taxable-equivalent adjustment(1,804)— (1,804)(4,485)— (4,485)Net interest income (GAAP) (1)$(13,576)$138,247 $124,671 $243,573 $98,929 $342,502 Fully taxable-equivalent adjustment1,804 — 1,804 4,485 — 4,485 Net interest income, FTE basis (non-GAAP) (1)$(11,772)$138,247 $126,475 $248,058 $98,929 $346,987 

(1)See “Non-GAAP Financial Measures/Ratios” for additional information on this performance measure/ratio.

(2)Includes interest-bearing deposits from banks and securities purchased under resale agreements with original maturities of greater than three months. Cash equivalents include federal funds sold and securities purchased under resale agreements with original maturities of three months or less.

The changes in net interest income are created by changes in both interest rates and volumes. In the table above, volume variances are computed using the change in volume multiplied by the previous year’s rate. Rate variances are computed using the change in rate multiplied by the previous year’s volume. The change in interest due to both rate and volume has been allocated between factors in proportion to the relationship of the absolute dollar amounts