Company: WTFCN
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001015328-25-000130
Chunk: 34

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-05-05
Form: 10-Q
Item: Item 1
Chunk 34
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$244 Commercial real estateConstruction and development701 — 2,495 — Non-construction379 — 6,161 603 Home equity— — 616 19 Residential real estate874 710 612 144 Premium finance receivablesProperty and casualty insurance loans676 — 81 — Total loans$32,117 $827 $25,976 $1,010 (1)Modified loans considered to be in payment default are over 30 days past due subsequent to the restructuring.

(8) Goodwill and Other Acquisition-Related Intangible Assets

A summary of the Company’s goodwill assets by reporting unit is presented in the following table:(In thousands)December 31, 2024GoodwillAcquiredImpairmentLossGoodwill AdjustmentsMarch 31,2025Community banking$687,754 $— $— $— $687,754 Specialty finance37,193 — — (10)37,183 Wealth management71,995 — — — 71,995     Total$796,942 $— $— $(10)$796,932 The specialty finance unit’s goodwill decreased $10,000 in the first three months of 2025 as a result of foreign currency translation adjustments related to the prior Canadian acquisitions. The Company assesses each reporting unit’s goodwill for impairment on at least an annual basis and considers potential indicators of impairment at each reporting date between annual goodwill impairment tests. At October 1, 2024, the Company utilized a quantitative approach for its annual goodwill impairment tests of the community banking, specialty finance and wealth management reporting units and determined that no impairment existed at that time.

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At each reporting date between annual goodwill impairment tests, the Company considers potential indicators of impairment. The Company assessed whether events and circumstances resulted in it being more likely than not that the fair value of any reporting unit was less than its carrying value. Potential impairment indicators considered include the condition of the economy and banking industry; government intervention and regulatory updates; the impact of recent events to financial performance and cost factors of the reporting units; performance of the Company’s stock and other relevant events. At the conclusion of this assessment of all reporting units, the Company determined that as of March 31, 2025, it was more likely than not that the fair value of all reporting units exceeded the respective carrying value of such reporting unit.A summary of acquisition-related