Company: WTFCN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001015328-25-000188
Chunk: 105

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 1
Chunk 105
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 and six months ended June 30, 2025, respectively, compared to the same periods in 2024. For the three months ended June 30, 2025, miscellaneous income decreased compared to the same period in 2024 primarily due to a $4.6 million gain recognized in the second quarter of 2024 on the sale of premium finance receivables. For the six months ended June 30, 2025, miscellaneous income decreased compared to the same period in 2024 primarily due to a $20.0 million gain recognized in the first quarter of 2024 related to the sale of the Company’s Retirement Benefits Advisors (“RBA”) division within its wealth management business.

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The table below presents additional selected information regarding mortgage banking for the respective periods.

Three Months Ended Six Months Ended(Dollars in thousands)June 30,2025June 30,2024June 30,2025June 30,2024Originations:Retail originations$523,759 $544,394 $872,227 $875,898 Veterans First originations157,787 177,792 269,772 321,901 Total originations for sale (A)$681,546 $722,186 $1,141,999 $1,197,799 Originations for investment422,926 275,331 640,103 444,577 Total originations$1,104,472 $997,517 $1,782,102 $1,642,376 As percentage of originations for sale:Retail originations77 %75 %76 %73 %Veterans First originations23 25 24 27 Purchases74 %83 %75 %80 %Refinances26 17 25 20 Production Margin:Production revenue (B) (1) $13,380 $14,990 $23,321 $28,425 Total originations for sale (A)$681,546 $722,186 $1,141,999 $1,197,799 Add:  Current period end mandatory interest rate lock commitments to fund originations for sale (2)163,664 222,738 163,664 222,738 Less:  Prior period end mandatory interest rate lock commitments to fund originations for sale (2)197,297 207,775