Company: WTFCN
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001015328-25-000130
Chunk: 91

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-05-05
Form: 10-Q
Item: Item 1
Chunk 91
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 net4,897 (2,577)Changes in FV on early buy-out loans guaranteed by US Govt (HFS)2,733 (2,190)Total fair value mortgage banking revenue$116 $2,828 Total mortgage banking revenue$20,529 $27,663 

(1)Production revenue represents revenue earned from the origination and subsequent sale of mortgages, including gains on loans sold and fees from originations, changes in other related financial instruments carried at fair value, processing and other related activities, and excludes servicing fees, changes in the fair value of servicing rights and changes to the mortgage recourse obligation and other non-production revenue.

(2)Certain volume adjusted for the estimated pull-through rate of the loan, which represents the Company’s best estimate of the likelihood that a committed loan will ultimately fund.

54

Non-interest Expense

The following table presents non-interest expense by category for the periods presented:

Three Months Ended$ Change% Change(Dollars in thousands)March 31,2025March 31,2024Salaries and employee benefits:Salaries$123,917 $112,172 $11,745 10 %Commissions and incentive compensation52,536 51,001 1,535 3 Benefits35,073 32,000 3,073 10 Total salaries and employee benefits211,526 195,173 16,353 8 Software and equipment34,717 27,731 6,986 25 Operating lease equipment 10,471 10,683 (212)(2)Occupancy, net20,778 19,086 1,692 9 Data processing11,274 9,292 1,982 21 Advertising and marketing12,272 13,040 (768)(6)Professional fees9,044 9,553 (509)(5)Amortization of other acquisition-related intangible assets5,618 1,158 4,460 NMFDIC insurance10,926 9,381 1,545 16 FDIC insurance - special assessment— 5,156 (5,156)(100)OREO expense, net643 392 251 64 Other:Lending expenses, net of deferred originations costs5,866 5,078 788 16 Travel and entertainment5,270 4,597 673 15 Miscellaneous27,685 22