Company: WTFCN
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001015328-25-000093
Chunk: 268

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-02-28
Form: 10-K
Item: Item 7
Chunk 268
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$59,416,909 $53,529,506 $50,424,319   Interest rate spread (6) (8)2.61 %2.85 %2.89 %Less: fully taxable-equivalent adjustment$(11,890)$(10,086)$(5,601)(0.02)(0.02)(0.02)Net free funds/contribution (7)$14,097,900 $14,270,420 $16,487,923 0.92 0.83 0.28 Net interest income/margin (GAAP) (8)$1,962,535 $1,837,864 $1,495,362 3.51 %3.66 %3.15 %Fully taxable-equivalent adjustment11,890 10,086 5,601 0.02 0.02 0.02 Net interest income/margin fully taxable-equivalent (non-GAAP) (8)$1,974,425 $1,847,950 $1,500,963 3.53 %3.68 %3.17 %

(1)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.

(2)Investment securities includes investment securities classified as available-for-sale and held-to-maturity, and equity securities with readily determinable fair values. Equity securities without readily determinable fair values are included within other assets.

(3)Interest income on tax-advantaged loans, trading securities and investment securities reflects a tax-equivalent adjustment based on a marginal federal corporate tax rate in effect as of the applicable period. The total adjustments for the years ended December 31, 2024, 2023 and 2022 were $11.9 million, $10.1 million and $5.6 million, respectively. 

(4)Other earning assets include brokerage customer receivables and trading account securities.

(5)Loans, net of unearned income, include non-accrual loans.

(6)Interest rate spread is the difference between the yield earned on earning assets and the rate paid on interest-bearing liabilities.

(7)Net free funds is the difference between total average earning assets and total average interest-bearing liabilities. The estimated