Company: WTFCN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001015328-25-000207
Chunk: 162

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 2
Chunk 162
---
346 Total liabilities and shareholders’ equity$66,098,845 $58,014,347 Interest rate spread (6) (8)2.75 %2.61 %Less:  Fully taxable-equivalent adjustment(8,608)(8,820)(0.02)(0.02)Net free funds/contribution (7)$15,290,775 $13,810,040 0.78 0.93 Net interest income/margin (GAAP) (8)$1,640,178 $1,437,387 3.51 %3.52 %Fully taxable-equivalent adjustment8,608 8,820 0.02 0.02 Net interest income/margin, fully taxable-equivalent (non-GAAP) (8)$1,648,786 $1,446,207 3.53 %3.54 %

(1)Includes interest-bearing deposits with 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 taxable-equivalent adjustment based on a marginal federal corporate tax rate in effect as of the applicable period. The total adjustments for the nine months ended September 30, 2025 and September 30, 2024 were $8.6 million and $8.8 million, respectively. 

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

(5)Loans, net of unearned income, include nonaccrual 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 are the difference between total average earning assets and total average interest-bearing liabilities. The estimated contribution to net interest margin from net free funds is calculated using the rate paid for total interest-bearing liabilities.

(8)See “Supplemental Non-GAAP Financial Measures/Ratios” for additional information on this performance ratio.

56

Table of Contents

Analysis of Changes in Net Interest Income on a FTE basis