Company: WTFCN
Filing Date: 2025-05-05
Form Type: 10-Q
Source: 0001015328-25-000130
Chunk: 42

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-05-05
Form: 10-Q
Item: Item 1
Chunk 42
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 segment to the wealth management segment. See Note (10) “Deposits” in Item 1 of this report for more information on these deposits. Finally, expenses incurred at the Wintrust parent company are allocated to each segment based on each segment’s risk-weighted assets.  The segment financial information provided in the following table has been derived from the internal profitability reporting system used by management to monitor and manage the financial performance of the Company. The accounting policies of the segments are substantially similar to those described in Note (1) “Summary of Significant Accounting Policies” of the 2024 Form 10-K. Our Chief Executive Officer is our chief operating decision maker (“CODM”). The CODM uses income before taxes to review segment performance and allocate resources for each reportable segment. Financial information regarding each significant segment expense outlined below is regularly provided (at least monthly) to the CODM. For community banking and specialty finance segments, ‘Interest expense’ is a significant segment expense. Additionally, for each of the three reportable segments, ‘Salaries’, ‘Commissions and incentive compensation’ and ‘Benefits’ are significant segment expenses.  

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The following is a summary of certain operating information for reportable segments:(In thousands)CommunityBankingSpecialtyFinanceWealthManagementTotal Operating SegmentsIntersegment EliminationsConsolidatedThree Months Ended March 31, 2025:Interest income$768,968 $101,698 $5,531 $876,197 $10,768 $886,965 Interest expense349,957 10,391 143 360,491 — 360,491 Net interest income419,011 91,307 5,388 515,706 10,768 526,474 Provision for credit losses22,428 1,535 — 23,963 — 23,963 Non-interest income73,493 31,039 33,790 138,322 (21,688)116,634 Non-interest expense:Salaries98,586 15,762 9,104 123,452 465 123,917 Commissions and incentive compensation32,137 9,041 11,358 52,536 — 52,536 Benefits27,374 4,718 2,981 35,073 — 35,073 Other segment expenses(1)132,490 23,445 10,014 165,949