Company: WTFCN
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001015328-25-000093
Chunk: 162

Company: WINTRUST FINANCIAL CORP
Filing Date: 2025-02-28
Form: 10-K
Item: Item 8
Chunk 162
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 accounting policies of the segments are substantially similar to those described in Note (1) “Summary of Significant Accounting Policies”. 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 EliminationsConsolidated2024Interest income$3,001,500 $405,317 $30,765 $3,437,582 $40,015 $3,477,597 Interest expense1,465,237 49,030 795 1,515,062 — 1,515,062 Net interest income1,536,263 356,287 29,970 1,922,520 40,015 1,962,535 Provision for credit losses88,345 12,702 — 101,047 — 101,047 Non-interest income279,845 119,339 168,134 567,318 (78,993)488,325 Non-interest expense:Salaries364,144 61,070 38,989 464,203 1,769 465,972 Commissions and incentive compensation130,516 36,130 48,873 215,519 — 215,519 Benefits106,994 18,686 9,937 135,617 — 135,617 Other segment expenses(1)500,327 91,479 34,557 626,363 (40,747)585,616 Total non-interest expense1,101,981 207,365 132,356 1,441,702 (38,978)1,402,724 Income before taxes625,782 255,559 65,748 947,089 — 947,089 Income tax expense167,072 69,214 15,758 252,044