Company: WTFCN
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001015328-25-000130
Chunk: 40

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-05-05
Form: 10-Q
Item: Item 1
Chunk 40
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 NotesAt March 31, 2025, the Company had outstanding subordinated notes totaling $298.4 million compared to $298.3 million and $438.0 million at December 31, 2024 and March 31, 2024, respectively. The notes issued in 2019 have a stated interest rate of 4.85% and mature in June 2029. In the second quarter of 2024, the Company repaid the $140.0 million of subordinated notes issued in 2014. The notes had a stated interest rate of 5.00% and matured in June 2024.

(12) Junior Subordinated Debentures

The following table provides a summary of the Company’s junior subordinated debentures as of March 31, 2025. The junior subordinated debentures represent the par value of the obligations owed to the Trusts.

25

(Dollars in thousands)CommonSecuritiesTrust PreferredSecuritiesJuniorSubordinatedDebenturesRateStructure (1)ContractualRate                                                                                                                                                                                                                                                                        at 3/31/2025IssueDateMaturityDateEarliestRedemptionDateWintrust Capital Trust III$774 $25,000 $25,774 S+0.26161+3.257.81 %04/200304/203304/2008Wintrust Statutory Trust IV619 20,000 20,619 S+0.26161+2.807.36 %12/200312/203312/2008Wintrust Statutory Trust V1,238 40,000 41,238 S+0.26161+2.607.16 %05/200405/203406/2009Wintrust Capital Trust VII1,550 50,000 51,550 S+0.26161+1.956.51 %12/200403/203503/2010Wintrust Capital Trust VIII1,238 25,000 26,238 S+0.26161+1.456.01 %08/200509/203509/2010Wintrust Capital Trust IX1,547 50,000 51,547 S+0.26161+1.636.19 %09/200609/203609/2011Northview Capital Trust I186 6,000 6,186 S+0.26161