# EDGAR Filing Document

**Accession Number:** 0001015328
**File Stem:** 0001015328-25-000203
**Filing Date:** 2025-10
**Character Count:** 313637
**Document Hash:** ffc2683aec23d50b458e2089baa042fc
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001015328-25-000203.hdr.sgml**: 20251020

**ACCESSION NUMBER**: 0001015328-25-000203

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 58

**CONFORMED PERIOD OF REPORT**: 20251020

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20251020

**DATE AS OF CHANGE**: 20251020

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** WINTRUST FINANCIAL CORP
- **CENTRAL INDEX KEY:** 0001015328
- **STANDARD INDUSTRIAL CLASSIFICATION:** STATE COMMERCIAL BANKS [6022]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 363873352
- **STATE OF INCORPORATION:** IL
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-35077
- **FILM NUMBER:** 251404704

**BUSINESS ADDRESS:**
- **STREET 1:** 9700 WEST HIGGINS ROAD, 8TH FLOOR
- **CITY:** ROSEMONT
- **STATE:** IL
- **ZIP:** 60018
- **BUSINESS PHONE:** 8479399000

**MAIL ADDRESS:**
- **STREET 1:** 9700 WEST HIGGINS ROAD, 8TH FLOOR
- **CITY:** ROSEMONT
- **STATE:** IL
- **ZIP:** 60018

?xml version='1.0' encoding='ASCII'? wtfc-20251020

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K** 

**Current Report**

**Pursuant to Section 13 or 15(d) of The**

**Securities Exchange Act of 1934**

**Date of Report (Date of earliest event reported): October 20, 2025** 

**WINTRUST FINANCIAL CORPORATION**

**(Exact name of registrant as specified in its charter)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Illinois** | **001-35077** | **001-35077** | **001-35077** | **36-3873352** |
| **(State or other jurisdiction of Incorporation)** | **(Commission File Number)** | **(Commission File Number)** | **(Commission File Number)** | **(I.R.S. Employer<br>Identification No.)** |
| **9700 W. Higgins Road, Suite 800** | **9700 W. Higgins Road, Suite 800** | **Rosemont** | **Illinois** | **60018** |
| **(Address of principal executive offices)** | **(Address of principal executive offices)** | **(Address of principal executive offices)** | **(Address of principal executive offices)** | **(Zip Code)** |

---

**Registrant's telephone number, including area code (847) 939-9000** 

**Not Applicable**

**(Former name or former address, if changed since last year)**

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

---

| | | |
|:---|:---|:---|
| <u>Title of Each Class</u> | <u>Ticker Symbol</u> | <u>Name of Each Exchange on Which Registered</u> |
| Common Stock, no par value | WTFC | The Nasdaq Global Select Market |
| Depositary Shares, Each Representing a 1/1,000<sup>th</sup> Interest in a Share of | WTFCN | The Nasdaq Global Select Market |
| 7.875% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series F, no par value |  |  |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company &nbsp;&nbsp;&nbsp;&nbsp;☐

&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. &nbsp;&nbsp;&nbsp;&nbsp;☐

------

**Item 2.02. <u>Results of Operations and Financial Condition</u>**

The information in this Current Report is being furnished and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section. The information in this Current Report shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended.

On October 20, 2025, Wintrust Financial Corporation (the "Company") announced earnings for the third quarter of 2025 and posted on its website the Third Quarter 2025 Earnings Release Presentation. Copies of the press release relating to the Company's earnings results and the related presentation are attached hereto as Exhibit 99.1 and Exhibit 99.2, respectively. Certain supplemental information relating to non-GAAP financial measures reported in the attached press release and presentation is included on pages 33 through 35 of Exhibit 99.1 and pages 30 through 32 of Exhibit 99.2.

**Item 9.01. <u>Financial Statements and Exhibits</u>**

(d) Exhibits

---

| | |
|:---|:---|
| <u>Exhibit</u> |  |
| <u>[99.1](q3-2025exhibit991.htm)</u> | <u>[Third Quarter 2025 Earnings Release dated October 20, 2025](q3-2025exhibit991.htm)</u> |
| <u>[99.2](q3-2025earningsrelease.htm)</u> | <u>[Third Quarter 2025 Earnings Release Presentation dated October 20, 2025](q3-2025earningsrelease.htm)</u> |

---

------

**Signature**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | |
|:---|:---|
| | WINTRUST FINANCIAL CORPORATION<br>(Registrant) |
| By: | /s/ David L. Stoehr |
|  | David L. Stoehr<br>Executive Vice President and<br>&nbsp;&nbsp;&nbsp;&nbsp;Chief Financial Officer |

---

Date: October 20, 2025

------

**<u>INDEX TO EXHIBITS</u>**

---

| | |
|:---|:---|
| <u>Exhibit</u> |  |
| <u>[99.1](q3-2025exhibit991.htm)</u> | <u>[Third Quarter 2025 Earnings Release dated October 20, 2025](q3-2025exhibit991.htm)</u> |
| <u>[99.2](q3-2025earningsrelease.htm)</u> | <u>[Third Quarter 2025 Earnings Release Presentation dated October 20, 2025](q3-2025earningsrelease.htm)</u> |

---

## Exhibit 99.1

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&n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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Exhibit 99.1**

**Wintrust Financial Corporation**

9700 W. Higgins Road, Suite 800, Rosemont, Illinois 60018

**News Release**

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| | |
|:---|:---|
| **<u>FOR IMMEDIATE RELEASE</u>** | October 20, 2025 |

---

**FOR MORE INFORMATION CONTACT:**

David A. Dykstra, Vice Chairman & Chief Operating Officer

(847) 939-9000

Amy Yuhn, Executive Vice President, Communications

(847) 939-9591

Web site address: www.wintrust.com

**<u>Wintrust Financial Corporation Reports Record Net Income</u>**

ROSEMONT, ILLINOIS – Wintrust Financial Corporation ("Wintrust", "the Company", "we" or "our") (Nasdaq: WTFC) announced record net income of $600.8 million, or $8.25 per diluted common share, for the first nine months of 2025, compared to net income of $509.7 million, or $7.67 per diluted common share for the same period of 2024. Pre-tax, pre-provision income (non-GAAP) for the first nine months of the year totaled a record $884.1 million, compared to $778.1 million for the first nine months of 2024.

The Company recorded record quarterly net income of $216.3 million, or $2.78 per diluted common share, for the third quarter of 2025, compared to net income of $195.5 million, or $2.78 per diluted common share for the second quarter of 2025. Excluding the one-time Preferred Stock impact discussed below, the earnings per diluted common share (non-GAAP) was $3.06 for the third quarter of 2025. Pre-tax, pre-provision income (non-GAAP) for the third quarter of 2025 totaled a record $317.8 million, as compared to $289.3 million for the second quarter of 2025.

Timothy S. Crane, President and Chief Executive Officer, commented, "We continued to build on the momentum established in our record first half of the year with record net income, net interest income, strong balance sheet growth and prudent management of net interest margin."

Additionally, Mr. Crane noted, "Net interest margin in the third quarter remained within our expected range at 3.50% and we recognized record net interest income driven by strong average earning asset growth. We anticipate that a relatively stable net interest margin and continued balance sheet growth will contribute to net interest income expansion in the fourth quarter."

**Highlights of the third quarter of 2025:**

*Comparative information to the second quarter of 2025, unless otherwise noted*

• Total loans increased by $1.0 billion, or 8% annualized.

• Total deposits increased by $894.6 million, or 6% annualized.

• Total assets increased by $646.3 million, or 4% annualized.

• Earnings per diluted common share of $2.78 in the third quarter of 2025 was impacted by one-time recognition of prior issuance costs related to Preferred Stock Series D and Preferred Stock Series E ($14.0 million, or $0.21 per diluted common share) as well as the excess dividend amount related to one-time extended first dividend period on Preferred Stock Series F ($4.9 million, or $0.07 per diluted common share).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ The Preferred Stock Series D and E were redeemed on July 15, 2025.

• Net interest income increased to $567.0 million in the third quarter of 2025, up $20.3 million from $546.7 million in the second quarter of 2025, driven by strong average earning asset growth.&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Net interest margin was 3.48% (3.50% on a fully taxable-equivalent basis, non-GAAP) during the third quarter of 2025 was in line with our guidance.

*•* Non-interest income was impacted by the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;◦ Net gains on investment securities totaled $3.0 million in the third quarter of 2025, compared to net gains of approximately $650,000 in the second quarter of 2025.

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*•* Provision for credit losses totaled $21.8 million in the third quarter of 2025, compared to a provision for credit losses of $22.2 million in the second quarter of 2025.

• Net charge-offs totaled $24.6 million, or 19 basis points of average total loans on an annualized basis, in the third quarter of 2025 compared to $13.3 million, or 11 basis points of average total loans on an annualized basis, in the second quarter of 2025.

• Non-performing loans improved in the third quarter of 2025 and totaled $162.6 million and comprised 0.31% of total loans at September 30, 2025, as compared to $188.8 million and 0.37% of total loans at June 30, 2025.

Mr. Crane noted, "Strong loan growth in the third quarter totaled $1.0 billion, or 8% on an annualized basis. We are pleased with the diversified nature of our loan growth across all major loan portfolios. Loan pipelines remain strong and we continue to expect loan growth in the mid-to-high single digits for the remainder of the year. We remain disciplined in our evaluation of credit opportunities, ensuring that loan growth aligns with our conservative credit standards. Strong deposit growth totaled $894.6 million, or 6% on an annualized basis, in the third quarter of 2025. Our loan growth was funded by our deposit growth in the third quarter of 2025 resulting in our loans-to-deposits ratio ending the quarter at 91.8%."

Commenting on credit quality, Mr. Crane stated, "Disciplined credit management, supported by thorough portfolio reviews, has driven consistent positive outcomes through early identification and resolution of problem credits. We continue to be conservative and disciplined in our underwriting to maintain our strong credit standards. We believe the Company's reserves are appropriate and we remain committed to sustaining high credit quality as evidenced by our low levels of net charge-offs and non-performing loans as well as our core loan allowance for credit losses of 1.34%."

In summary, Mr. Crane concluded, "We are proud of our third quarter performance and record results year to date. Building on the strong loan growth achieved in the third quarter, we are well positioned to sustain momentum and deliver continued revenue expansion as we close out 2025. We continue to leverage our strong customer relationships and differentiated market positioning to enhance our long-term franchise value as evidenced by deposit market share gains across our major markets, including moving into the third position in total deposit market share in Illinois and solid gains in Wisconsin and west Michigan. We remain focused on delivering our differentiated customer experience to drive better results for our customers and value for our shareholders."

\* \* \*

The graphs shown on pages 3-7 illustrate certain financial highlights of the third quarter of 2025 as well as historical financial performance. See "Supplemental Non-GAAP Financial Measures/Ratios" at Table 18 for additional information with respect to non-GAAP financial measures/ratios, including the reconciliations to the corresponding GAAP financial measures/ratios.

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![chart-11bc898e09e44568a79a.jpg](chart-11bc898e09e44568a79a.jpg)![chart-347305989c70426aa38a.jpg](chart-347305989c70426aa38a.jpg)

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![chart-c0ae987d6ead448686fa.jpg](chart-c0ae987d6ead448686fa.jpg)

![chart-ca99d021d169494db07a.jpg](chart-ca99d021d169494db07a.jpg)

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![chart-0e2f8a694d024bb8858a.jpg](chart-0e2f8a694d024bb8858a.jpg)![chart-76688200a07741d1b23a.jpg](chart-76688200a07741d1b23a.jpg)

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![chart-2e5017349acb4c23b5ca.jpg](chart-2e5017349acb4c23b5ca.jpg)![chart-06172cfa312944ba8daa.jpg](chart-06172cfa312944ba8daa.jpg)\*On May 22, 2025, the Company completed the issuance of $425 million of Series F Preferred Stock. The issuance was in contemplation of redeeming $412.5 million of Series D and Series E Preferred Stock that was expected to reprice at rates higher than existing market rates. The Series D and Series E Preferred Stock were redeemed on July 15, 2025.

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![chart-8d5a3d8f77fc4cbd8d0a.jpg](chart-8d5a3d8f77fc4cbd8d0a.jpg)![chart-6e8ecf1046f14f40b34a.jpg](chart-6e8ecf1046f14f40b34a.jpg)

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**SUMMARY OF RESULTS:**

**BALANCE SHEET** 

Total assets increased $646.3 million in the third quarter of 2025 compared to the second quarter of 2025. Total loans increased by $1.0 billion compared to the second quarter of 2025. The increase in loans was driven by growth across all major loan portfolios.

Total liabilities increased by $826.3 million in the third quarter of 2025 compared to the second quarter of 2025, driven by a $894.6 million increase in total deposits. Strong organic deposit growth in the third quarter of 2025 was driven by our diverse deposit product offerings. Non-interest bearing deposit balances have remained stable in recent quarters. The Company's loans-to-deposits ratio ended the quarter at 91.8%.

For more information regarding changes in the Company's balance sheet, see Consolidated Statements of Condition and Table 1 through Table 3 in this report.

**NET INTEREST INCOME**

For the third quarter of 2025, net interest income totaled $567.0 million, an increase of $20.3 million compared to the second quarter of 2025. The $20.3 million increase in net interest income in the third quarter of 2025 was primarily due to average earning asset growth of $2.4 billion, or 15% annualized.

Net interest margin was 3.48% (3.50% on a fully taxable-equivalent basis, non-GAAP) during the third quarter of 2025, down four basis points compared to the second quarter of 2025. The yield on earning assets declined three basis points during the third quarter of 2025 primarily due to a four basis point decrease in loan yields. Funding cost on interest-bearing deposits increased by one basis point compared to the second quarter of 2025. The net free funds contribution in the third quarter of 2025 remained unchanged compared to the second quarter of 2025.

For more information regarding net interest income, see Table 4 through Table 8 in this report.

**ASSET QUALITY**

The allowance for credit losses totaled $454.6 million as of September 30, 2025, a slight decrease from $457.5 million as of June 30, 2025. A provision for credit losses totaling $21.8 million was recorded for the third quarter of 2025 compared to $22.2 million recorded in the second quarter of 2025. The provision for credit losses recognized in the third quarter of 2025 reflects stable credit quality and an improved macroeconomic forecast. However, given future economic performance remains uncertain, qualitative additions were made to the provision related to credit spreads. For more information regarding the allowance for credit losses and provision for credit losses, see Table 11 in this report.

Management believes the allowance for credit losses is appropriate to account for expected credit losses. The Company is required to estimate expected credit losses over the life of the Company's financial assets as of the reporting date. There can be no assurances, however, that future losses will not significantly exceed the amounts provided for, thereby affecting future results of operations. A summary of the allowance for credit losses calculated for the loan components in each portfolio as of September 30, 2025, June 30, 2025, and March 31, 2025 is shown on Table 12 of this report.

Net charge-offs totaled $24.6 million in the third quarter of 2025, an increase of $11.3 million compared to $13.3 million of net charge-offs in the second quarter of 2025. Net charge-offs as a percentage of average total loans were 19 basis points in the third quarter of 2025 on an annualized basis compared to 11 basis points on an annualized basis in the second quarter of 2025. For more information regarding net charge-offs, see Table 10 in this report.

The Company's loan portfolio delinquency rates remain low and manageable. For more information regarding past due loans, see Table 13 in this report.

Non-performing assets and non-performing loans have improved compared to prior quarters. Non-performing assets totaled $187.5 million and comprised 0.27% of total assets as of September 30, 2025, as compared to $212.5 million, or 0.31% of total assets, as of June 30, 2025. Non-performing loans totaled $162.6 million and comprised 0.31% of total loans at September 30, 2025, as compared to $188.8 million and 0.37% of total loans at June 30, 2025. For more information regarding non-performing assets, see Table 14 in this report.

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**NON-INTEREST INCOME**

Non-interest income totaled $130.8 million in the third quarter of 2025, increasing $6.7 million, compared to $124.1 million in the second quarter of 2025.

Wealth management revenue increased by approximately $367,000 in the third quarter of 2025, compared to the second quarter of 2025. The increase in the third quarter of 2025 was primarily driven by an increase in asset valuations within the quarter, coupled with an increase in brokerage revenue related to higher transactional business. Wealth management revenue is comprised of the trust and asset management revenue of Wintrust Private Trust Company and Great Lakes Advisors, the brokerage commissions, managed money fees and insurance product commissions at Wintrust Investments and fees from tax-deferred like-kind exchange services provided by the Chicago Deferred Exchange Company.

Mortgage banking revenue totaled $24.5 million in the third quarter of 2025, compared to $23.2 million in the second quarter of 2025. The increase in the third quarter of 2025 was primarily attributed to higher production revenue. For more information regarding mortgage banking revenue, see Table 16 in this report.

The Company recognized approximately $3.0 million in net gains on investment securities in the third quarter of 2025 compared to approximately $650,000 in net gains in the second quarter of 2025. The net gains in the third quarter of 2025 were primarily the result of unrealized gains on the Company's equity investment securities with a readily determinable fair value.

For more information regarding non-interest income, see Table 15 in this report.

**NON-INTEREST EXPENSE**

Non-interest expense totaled $380.0 million in the third quarter of 2025, decreasing $1.5 million, compared to $381.5 million in the second quarter of 2025. Non-interest expense, as a percent of average assets, decreased in the third quarter of 2025 to 2.21%.

Professional fees expense totaled $7.5 million in the third quarter of 2025, resulting in a decrease of $1.8 million as compared to the second quarter of 2025. The decrease in the current quarter relates primarily to lower consulting services. Professional fees include legal, audit, and tax fees, external loan review costs, consulting arrangement and normal regulatory exam assessments.

The Macatawa Bank acquisition-related costs were approximately $471,000 in the third quarter of 2025, compared to $2.9 million in the second quarter of 2025.

For more information regarding non-interest expense, see Table 17 in this report.

**INCOME TAXES**

The Company recorded income tax expense of $79.8 million in the third quarter of 2025 compared to $71.6 million in the second quarter of 2025. The effective tax rates were 27.0% in the third quarter of 2025 compared to 26.8% in the second quarter of 2025.

**BUSINESS SUMMARY** 

*Community Banking*

Through community banking, the Company provides banking and financial services primarily to individuals, small to mid-sized businesses, local governmental units and institutional clients residing primarily in the local areas the Company services. In the third quarter of 2025, community banking increased its commercial, commercial real estate and residential real estate loan portfolios.

Mortgage banking revenue was $24.5 million for the third quarter of 2025, an increase of $1.3 million compared to the second quarter of 2025. See Table 16 for more detail. Service charges on deposit accounts totaled $19.8 million in the third quarter of 2025 as compared to $19.5 million in the second quarter of 2025. The Company's gross commercial and commercial real estate loan pipelines remained solid as of September 30, 2025 indicating momentum for expected continued loan growth in the fourth quarter of 2025.

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*Specialty Finance*

Through specialty finance, the Company offers financing of insurance premiums for businesses and individuals, equipment financing through structured loans and lease products to customers in a variety of industries, accounts receivable financing and value-added, out-sourced administrative services and other services. Originations within the insurance premium financing receivables portfolios were $5.5 billion during the third quarter of 2025. Average balances increased by $945.4 million, as compared to the second quarter of 2025. The Company's leasing divisions' portfolio balances increased in the third quarter of 2025, with capital leases, loans, and equipment on operating leases of $2.8 billion, $1.2 billion, and $301.0 million as of September 30, 2025, respectively, compared to $2.8 billion, $1.2 billion, and $289.8 million as of June 30, 2025, respectively. Revenues from the Company's out-sourced administrative services business were $1.2 million in the third quarter of 2025, which was relatively stable compared to the second quarter of 2025.

*Wealth Management*

Through wealth management, the Company offers a full range of wealth management services, including trust and investment services, tax-deferred like-kind exchange services, asset management, and securities brokerage services. Wealth management revenue totaled $37.2 million in the third quarter of 2025, an increase as compared to the second quarter of 2025. At September 30, 2025, the Company's wealth management subsidiaries had approximately $55.1 billion of assets under administration, which included $8.8 billion of assets owned by the Company and its subsidiary banks.

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**WINTRUST FINANCIAL CORPORATION**

**Key Operating Measures**

Wintrust's key operating measures and growth rates for the third quarter of 2025, as compared to the second quarter of 2025 (sequential quarter) and third quarter of 2024 (linked quarter), are shown in the table below:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | **% or** <sup>(1)</sup><br>**basis point (bp) change from**<br>**2nd Quarter**<br>**2025** | **% or** <sup>(1)</sup><br>**basis point (bp) change from**<br>**2nd Quarter**<br>**2025** | **% or<br>basis point (bp) change from<br>3rd Quarter<br>2024** | **% or<br>basis point (bp) change from<br>3rd Quarter<br>2024** |
|  | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **% or** <sup>(1)</sup><br>**basis point (bp) change from**<br>**2nd Quarter**<br>**2025** | **% or** <sup>(1)</sup><br>**basis point (bp) change from**<br>**2nd Quarter**<br>**2025** | **% or<br>basis point (bp) change from<br>3rd Quarter<br>2024** | **% or<br>basis point (bp) change from<br>3rd Quarter<br>2024** |
| <u>(Dollars in thousands, except per share data)</u> | **Sep 30, 2025** | Jun 30, 2025 | Sep 30, 2024 | **% or** <sup>(1)</sup><br>**basis point (bp) change from**<br>**2nd Quarter**<br>**2025** | **% or** <sup>(1)</sup><br>**basis point (bp) change from**<br>**2nd Quarter**<br>**2025** | **% or<br>basis point (bp) change from<br>3rd Quarter<br>2024** | **% or<br>basis point (bp) change from<br>3rd Quarter<br>2024** |
| Net income | $**216254** | $195527 | $170001 | 11 | % | 27 | % |
| Pre-tax income, excluding provision for credit losses (non-GAAP) <sup>(2)</sup> | **317809** | 289322 | 255043 | 10 |  | 25 |  |
| Net income per common share – Diluted | **2.78** | 2.78 | 2.47 |  |  | 13 |  |
| Cash dividends declared per common share | **0.50** | 0.50 | 0.45 |  |  | 11 |  |
| Net revenue <sup>(3)</sup> | **697837** | 670783 | 615730 | 4 |  | 13 |  |
| Net interest income | **567010** | 546694 | 502583 | 4 |  | 13 |  |
| Net interest margin | **3.48%** | 3.52% | 3.49% | (4) | bps | (1) | bps |
| Net interest margin – fully taxable-equivalent (non-GAAP) <sup>(2)</sup> | **3.50** | 3.54 | 3.51 | (4) |  | (1) |  |
| Net overhead ratio <sup>(4)</sup> | **1.45** | 1.57 | 1.62 | (12) |  | (17) |  |
| Return on average assets | **1.26** | 1.19 | 1.11 | 7 |  | 15 |  |
| Return on average common equity | **11.58** | 12.07 | 11.63 | (49) |  | (5) |  |
| Return on average tangible common equity (non-GAAP) <sup>(2)</sup> | **13.74** | 14.44 | 13.92 | (70) |  | (18) |  |
| **At end of period** |  |  |  |  |  |  |  |
| Total assets | $**69629638** | $68983318 | $63788424 | 4 | % | 9 | % |
| Total loans <sup>(5)</sup> | **52063482** | 51041679 | 47067447 | 8 |  | 11 |  |
| Total deposits | **56711381** | 55816811 | 51404966 | 6 |  | 10 |  |
| Total shareholders' equity | **7045757** | 7225696 | 6399714 | (10) |  | 10 |  |

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*(1)Period-end balance sheet percentage changes are annualized.*

*(2)See Table 18: Supplemental Non-GAAP Financial Measures/Ratios for additional information on this performance measure/ratio.*

*(3)Net revenue is net interest income plus non-interest income.*

*(4)The net overhead ratio is calculated by netting total non-interest expense and total non-interest income, annualizing this amount, and dividing by that period's average total assets. A lower ratio indicates a higher degree of efficiency.*

*(5)Excludes mortgage loans held-for-sale.*

Certain returns, yields, performance ratios, or quarterly growth rates are "annualized" in this presentation to represent an annual time period. This is done for analytical purposes to better discern, for decision-making purposes, underlying performance trends when compared to full-year or year-over-year amounts. For example, a 5% growth rate for a quarter would represent an annualized 20% growth rate.

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**WINTRUST FINANCIAL CORPORATION**

**Selected Financial Highlights** 

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Nine Months Ended** | **Nine Months Ended** |
| <u>(Dollars in thousands, except per share data)</u> | **Sep 30, 2025** | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | **Sep 30, 2025** | Sep 30, 2024 |
| **Selected Financial Condition Data (at end of period):** | **Selected Financial Condition Data (at end of period):** | **Selected Financial Condition Data (at end of period):** | **Selected Financial Condition Data (at end of period):** | **Selected Financial Condition Data (at end of period):** | **Selected Financial Condition Data (at end of period):** |  |  |
| Total assets | $**69629638** | $68983318 | $65870066 | $64879668 | $63788424 |  |  |
| Total loans <sup>(1)</sup> | **52063482** | 51041679 | 48708390 | 48055037 | 47067447 |  |  |
| Total deposits | **56711381** | 55816811 | 53570038 | 52512349 | 51404966 |  |  |
| Total shareholders' equity | **7045757** | 7225696 | 6600537 | 6344297 | 6399714 |  |  |
| **Selected Statements of Income Data:** |  |  |  |  |  |  |  |
| Net interest income | $**567010** | $546694 | $526474 | $525148 | $502583 | $**1640178** | $1437387 |
| Net revenue <sup>(2)</sup> | **697837** | 670783 | 643108 | 638599 | 615730 | **2011728** | 1812261 |
| Net income | **216254** | 195527 | 189039 | 185362 | 170001 | **600820** | 509683 |
| Pre-tax income, excluding provision for credit losses (non-GAAP) <sup>(3)</sup> | **317809** | 289322 | 277018 | 270060 | 255043 | **884149** | 778076 |
| Net income per common share – Basic | **2.82** | 2.82 | 2.73 | 2.68 | 2.51 | **8.37** | 7.79 |
| Net income per common share – Diluted | **2.78** | 2.78 | 2.69 | 2.63 | 2.47 | **8.25** | 7.67 |
| Cash dividends declared per common share | **0.50** | 0.50 | 0.50 | 0.45 | 0.45 | **1.50** | 1.35 |
| **Selected Financial Ratios and Other Data:** |  |  |  |  |  |  |  |
| *Performance Ratios:* |  |  |  |  |  |  |  |
| Net interest margin | **3.48%** | 3.52% | 3.54% | 3.49% | 3.49% | **3.51%** | 3.52% |
| Net interest margin – fully taxable-equivalent (non-GAAP) <sup>(3)</sup> | **3.50** | 3.54 | 3.56 | 3.51 | 3.51 | **3.53** | 3.54 |
| Non-interest income to average assets | **0.76** | 0.76 | 0.74 | 0.71 | 0.74 | **0.75** | 0.86 |
| Non-interest expense to average assets | **2.21** | 2.32 | 2.32 | 2.31 | 2.36 | **2.28** | 2.38 |
| Net overhead ratio <sup>(4)</sup> | **1.45** | 1.57 | 1.58 | 1.60 | 1.62 | **1.53** | 1.52 |
| Return on average assets | **1.26** | 1.19 | 1.20 | 1.16 | 1.11 | **1.22** | 1.17 |
| Return on average common equity | **11.58** | 12.07 | 12.21 | 11.82 | 11.63 | **11.94** | 12.52 |
| Return on average tangible common equity (non-GAAP) <sup>(3)</sup> | **13.74** | 14.44 | 14.72 | 14.29 | 13.92 | **14.28** | 14.69 |
| Average total assets | $**68303036** | $65840345 | $64107042 | $63594105 | $60915283 | $**66098845** | $58014347 |
| Average total shareholders' equity | **6955543** | 6862040 | 6460941 | 6418403 | 5990429 | **6761319** | 5628346 |
| Average loans to average deposits ratio | **92.5%** | 93.0% | 92.3% | 91.9% | 93.8% | **92.6%** | 94.5% |
| Period-end loans to deposits ratio | **91.8** | 91.4 | 90.9 | 91.5 | 91.6 |  |  |
| *Common Share Data at end of period:* |  |  |  |  |  |  |  |
| Market price per common share | $**132.44** | $123.98 | $112.46 | $124.71 | $108.53 |  |  |
| Book value per common share | **98.87** | 95.43 | 92.47 | 89.21 | 90.06 |  |  |
| Tangible book value per common share (non-GAAP) <sup>(3)</sup> | **85.39** | 81.86 | 78.83 | 75.39 | 76.15 |  |  |
| Common shares outstanding | **66961209** | 66937732 | 66919325 | 66495227 | 66481543 |  |  |
| *Other Data at end of period:* |  |  |  |  |  |  |  |
| Common equity to assets ratio | **9.5%** | 9.3% | 9.4% | 9.1% | 9.4% |  |  |
| Tangible common equity ratio (non-GAAP) <sup>(3)</sup> | **8.3** | 8.0 | 8.1 | 7.8 | 8.1 |  |  |
| Tier 1 leverage ratio <sup>(5)</sup> | **9.5** | 10.2 | 9.6 | 9.4 | 9.6 |  |  |
| <u>Risk-based capital ratios:</u> |  |  |  |  |  |  |  |
| Tier 1 capital ratio <sup>(5)</sup> | **10.9** | 11.5 | 10.8 | 10.7 | 10.6 |  |  |
| Common equity tier 1 capital ratio <sup>(5)</sup> | **10.2** | 10.0 | 10.1 | 9.9 | 9.8 |  |  |
| Total capital ratio <sup>(5)</sup> | **12.4** | 13.0 | 12.5 | 12.3 | 12.2 |  |  |
| Allowance for credit losses <sup>(6)</sup> | $**454586** | $457461 | $448387 | $437060 | $436193 |  |  |
| Allowance for loan and unfunded lending-related commitment losses to total loans | **0.87%** | 0.90% | 0.92% | 0.91% | 0.93% |  |  |
| Number of: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Bank subsidiaries | **16** | 16 | 16 | 16 | 16 |  |  |
| &nbsp;&nbsp;&nbsp;Banking offices | **208** | 208 | 208 | 205 | 203 |  |  |

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*(1)Excludes mortgage loans held-for-sale.*

*(2)Net revenue is net interest income plus non-interest income.*

*(3)See Table 18: Supplemental Non-GAAP Financial Measures/Ratios for additional information on this performance measure/ratio.*

*(4)The net overhead ratio is calculated by netting total non-interest expense and total non-interest income, annualizing this amount, and dividing by that period's average total assets. A lower ratio indicates a higher degree of efficiency.*

*(5)Capital ratios for current quarter-end are estimated.*

*(6)The allowance for credit losses includes the allowance for loan losses, the allowance for unfunded lending-related commitments and the allowance for held-to-maturity securities losses.*

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**WINTRUST FINANCIAL CORPORATION AND SUBSIDIARIES**

**CONSOLIDATED STATEMENTS OF CONDITION**

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | (Unaudited) | (Unaudited) | (Unaudited) | | (Unaudited) |
| | **Sep 30,** | Jun 30, | Mar 31, | Dec 31, | Sep 30, |
| <u>(In thousands)</u> | **2025** | 2025 | 2025 | 2024 | 2024 |
| **Assets** |  |  |  |  |  |
| Cash and due from banks | $**565406** | $695501 | $616216 | $452017 | $725465 |
| Federal funds sold and securities purchased under resale agreements | **63** | 63 | 63 | 6519 | 5663 |
| Interest-bearing deposits with banks | **3422452** | 4569618 | 4238237 | 4409753 | 3648117 |
| Available-for-sale securities, at fair value | **5274124** | 4885715 | 4220305 | 4141482 | 3912232 |
| Held-to-maturity securities, at amortized cost | **3438406** | 3502186 | 3564490 | 3613263 | 3677420 |
| Trading account securities | **—** |  |  | 4072 | 3472 |
| Equity securities with readily determinable fair value | **63445** | 273722 | 270442 | 215412 | 125310 |
| Federal Home Loan Bank and Federal Reserve Bank stock | **282755** | 282087 | 281893 | 281407 | 266908 |
| Brokerage customer receivables | **—** |  |  | 18102 | 16662 |
| Mortgage loans held-for-sale, at fair value | **333883** | 299606 | 316804 | 331261 | 461067 |
| Loans, net of unearned income | **52063482** | 51041679 | 48708390 | 48055037 | 47067447 |
| Allowance for loan losses | **(386622)** | (391654) | (378207) | (364017) | (360279) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net loans | **51676860** | 50650025 | 48330183 | 47691020 | 46707168 |
| Premises, software and equipment, net | **775425** | 776324 | 776679 | 779130 | 772002 |
| Lease investments, net | **301000** | 289768 | 280472 | 278264 | 270171 |
| Accrued interest receivable and other assets | **1614674** | 1610025 | 1598255 | 1739334 | 1721090 |
| Receivable on unsettled securities sales | **978209** | 240039 | 463023 |  | 551031 |
| Goodwill | **797639** | 798144 | 796932 | 796942 | 800780 |
| Other acquisition-related intangible assets | **105297** | 110495 | 116072 | 121690 | 123866 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total assets** | $**69629638** | $68983318 | $65870066 | $64879668 | $63788424 |
| **Liabilities and Shareholders' Equity** |  |  |  |  |  |
| Deposits: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-interest-bearing | $**10952146** | $10877166 | $11201859 | $11410018 | $10739132 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest-bearing | **45759235** | 44939645 | 42368179 | 41102331 | 40665834 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total deposits | **56711381** | 55816811 | 53570038 | 52512349 | 51404966 |
| Federal Home Loan Bank advances | **3151309** | 3151309 | 3151309 | 3151309 | 3171309 |
| Other borrowings | **579328** | 625392 | 529269 | 534803 | 647043 |
| Subordinated notes | **298536** | 298458 | 298360 | 298283 | 298188 |
| Junior subordinated debentures | **253566** | 253566 | 253566 | 253566 | 253566 |
| Payable on unsettled securities sales | **—** | 39105 |  |  |  |
| Accrued interest payable and other liabilities | **1589761** | 1572981 | 1466987 | 1785061 | 1613638 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | **62583881** | 61757622 | 59269529 | 58535371 | 57388710 |
| Shareholders' Equity: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Preferred stock | **425000** | 837500 | 412500 | 412500 | 412500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Common stock | **67042** | 67025 | 67007 | 66560 | 66546 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Surplus | **2521306** | 2495637 | 2494347 | 2482561 | 2470228 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Treasury stock | **(9150)** | (9156) | (9156) | (6153) | (6098) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Retained earnings | **4356367** | 4200923 | 4045854 | 3897164 | 3748715 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulated other comprehensive loss | **(314808)** | (366233) | (410015) | (508335) | (292177) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total shareholders' equity | **7045757** | 7225696 | 6600537 | 6344297 | 6399714 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total liabilities and shareholders' equity** | $**69629638** | $68983318 | $65870066 | $64879668 | $63788424 |

---

------

**WINTRUST FINANCIAL CORPORATION AND SUBSIDIARIES**

**CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)**

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Nine Months Ended** | **Nine Months Ended** |
| <u>(Dollars in thousands, except per share data)</u> | **Sep 30,<br>2025** | Jun 30,<br>2025 | Mar 31,<br>2025 | Dec 31,<br>2024 | Sep 30,<br>2024 | **Sep 30, 2025** | Sep 30, 2024 |
| **Interest income** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest and fees on loans | $**832140** | $797997 | $768362 | $789038 | $794163 | $**2398499** | $2254316 |
| &nbsp;&nbsp;&nbsp;Mortgage loans held-for-sale | **4757** | 4872 | 4246 | 5623 | 6233 | **13875** | 15813 |
| &nbsp;&nbsp;&nbsp;Interest-bearing deposits with banks | **34992** | 34317 | 36766 | 46256 | 32608 | **106075** | 68997 |
| &nbsp;&nbsp;&nbsp;Federal funds sold and securities purchased under resale agreements | **75** | 276 | 179 | 53 | 277 | **530** | 313 |
| &nbsp;&nbsp;&nbsp;Investment securities | **86426** | 78053 | 72016 | 67066 | 69592 | **236495** | 209049 |
| &nbsp;&nbsp;&nbsp;Trading account securities | **—** |  | 11 | 6 | 11 | **11** | 42 |
| &nbsp;&nbsp;&nbsp;Federal Home Loan Bank and Federal Reserve Bank stock | **5444** | 5393 | 5307 | 5157 | 5451 | **16144** | 14903 |
| &nbsp;&nbsp;&nbsp;Brokerage customer receivables | **—** |  | 78 | 302 | 269 | **78** | 663 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest income | **963834** | 920908 | 886965 | 913501 | 908604 | **2771707** | 2564096 |
| **Interest expense** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest on deposits | **355846** | 333470 | 320233 | 346388 | 362019 | **1009549** | 997254 |
| &nbsp;&nbsp;&nbsp;Interest on Federal Home Loan Bank advances | **26007** | 25724 | 25441 | 26050 | 26254 | **77172** | 73099 |
| &nbsp;&nbsp;&nbsp;Interest on other borrowings | **6887** | 6957 | 6792 | 7519 | 9013 | **20636** | 26961 |
| &nbsp;&nbsp;&nbsp;Interest on subordinated notes | **3717** | 3735 | 3714 | 3733 | 3712 | **11166** | 14384 |
| &nbsp;&nbsp;&nbsp;Interest on junior subordinated debentures | **4367** | 4328 | 4311 | 4663 | 5023 | **13006** | 15011 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest expense | **396824** | 374214 | 360491 | 388353 | 406021 | **1131529** | 1126709 |
| **Net interest income** | **567010** | 546694 | 526474 | 525148 | 502583 | **1640178** | 1437387 |
| Provision for credit losses | **21768** | 22234 | 23963 | 16979 | 22334 | **67965** | 84068 |
| Net interest income after provision for credit losses | **545242** | 524460 | 502511 | 508169 | 480249 | **1572213** | 1353319 |
| **Non-interest income** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Wealth management | **37188** | 36821 | 34042 | 38775 | 37224 | **108051** | 107452 |
| &nbsp;&nbsp;&nbsp;Mortgage banking | **24451** | 23170 | 20529 | 20452 | 15974 | **68150** | 72761 |
| &nbsp;&nbsp;&nbsp;Service charges on deposit accounts | **19825** | 19502 | 19362 | 18864 | 16430 | **58689** | 46787 |
| &nbsp;&nbsp;&nbsp;Gains (losses) on investment securities, net | **2972** | 650 | 3196 | (2835) | 3189 | **6818** | 233 |
| &nbsp;&nbsp;&nbsp;Fees from covered call options | **5619** | 5624 | 3446 | 2305 | 988 | **14689** | 7891 |
| &nbsp;&nbsp;&nbsp;Trading gains (losses), net | **172** | 151 | (64) | (113) | (130) | **259** | 617 |
| &nbsp;&nbsp;&nbsp;Operating lease income, net | **15466** | 15166 | 15287 | 15327 | 15335 | **45919** | 43383 |
| &nbsp;&nbsp;&nbsp;Other | **25134** | 23005 | 20836 | 20676 | 24137 | **68975** | 95750 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total non-interest income | **130827** | 124089 | 116634 | 113451 | 113147 | **371550** | 374874 |
| **Non-interest expense** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Salaries and employee benefits | **219668** | 219541 | 211526 | 212133 | 211261 | **650735** | 604975 |
| &nbsp;&nbsp;&nbsp;Software and equipment | **35027** | 36522 | 34717 | 34258 | 31574 | **106266** | 88536 |
| &nbsp;&nbsp;&nbsp;Operating lease equipment | **10409** | 10757 | 10471 | 10263 | 10518 | **31637** | 32035 |
| &nbsp;&nbsp;&nbsp;Occupancy, net | **20809** | 20228 | 20778 | 20597 | 19945 | **61815** | 58616 |
| &nbsp;&nbsp;&nbsp;Data processing | **11329** | 12110 | 11274 | 10957 | 9984 | **34713** | 28779 |
| &nbsp;&nbsp;&nbsp;Advertising and marketing | **19027** | 18761 | 12272 | 13097 | 18239 | **50060** | 48715 |
| &nbsp;&nbsp;&nbsp;Professional fees | **7465** | 9243 | 9044 | 11334 | 9783 | **25752** | 29303 |
| &nbsp;&nbsp;&nbsp;Amortization of other acquisition-related intangible assets | **5196** | 5580 | 5618 | 5773 | 4042 | **16394** | 6322 |
| &nbsp;&nbsp;&nbsp;FDIC insurance | **11418** | 10971 | 10926 | 10640 | 10512 | **33315** | 35478 |
| &nbsp;&nbsp;&nbsp;Other real estate owned ("OREO") expenses, net | **262** | 505 | 643 | 397 | (938) | **1410** | (805) |
| &nbsp;&nbsp;&nbsp;Other | **39418** | 37243 | 38821 | 39090 | 35767 | **115482** | 102231 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total non-interest expense | **380028** | 381461 | 366090 | 368539 | 360687 | **1127579** | 1034185 |
| Income before taxes | **296041** | 267088 | 253055 | 253081 | 232709 | **816184** | 694008 |
| Income tax expense | **79787** | 71561 | 64016 | 67719 | 62708 | **215364** | 184325 |
| **Net income** | $**216254** | $195527 | $189039 | $185362 | $170001 | $**600820** | $509683 |
| Preferred stock dividends | **13295** | 6991 | 6991 | 6991 | 6991 | **27277** | 20973 |
| Preferred stock redemption | **14046** |  |  |  |  | **14046** |  |
| **Net income applicable to common shares** | $**188913** | $188536 | $182048 | $178371 | $163010 | $**559497** | $488710 |
| **Net income per common share - Basic** | $**2.82** | $2.82 | $2.73 | $2.68 | $2.51 | $**8.37** | $7.79 |
| **Net income per common share - Diluted** | $**2.78** | $2.78 | $2.69 | $2.63 | $2.47 | $**8.25** | $7.67 |
| **Cash dividends declared per common share** | $**0.50** | $0.50 | $0.50 | $0.45 | $0.45 | $**1.50** | $1.35 |
| Weighted average common shares outstanding | **66952** | 66931 | 66726 | 66491 | 64888 | **66871** | 62743 |
| Dilutive potential common shares | **1028** | 888 | 923 | 1233 | 1053 | **945** | 934 |
| Average common shares and dilutive common shares | **67980** | 67819 | 67649 | 67724 | 65941 | **67816** | 63677 |

---

------

**TABLE 1: LOAN PORTFOLIO MIX AND GROWTH RATES**

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | | | % Growth From <sup>(1)</sup> | % Growth From <sup>(1)</sup> |
| <u>(Dollars in thousands)</u> | **Sep 30, 2025** | Jun 30, 2025 | Mar 31, 2025 | Dec 31,<br>2024 | Sep 30, 2024 | Jun 30,<br>2025 <sup>(2)</sup> | Sep 30, 2024 |
| **<u>Balance:</u>** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Mortgage loans held-for-sale, excluding early buy-out exercised loans guaranteed by U.S. government agencies | $**211360** | $192633 | $181580 | $189774 | $314693 | 39% | (33)% |
| &nbsp;&nbsp;&nbsp;&nbsp;Mortgage loans held-for-sale, early buy-out exercised loans guaranteed by U.S. government agencies | **122523** | 106973 | 135224 | 141487 | 146374 | 58 | (16) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total mortgage loans held-for-sale | $**333883** | $299606 | $316804 | $331261 | $461067 | 45% | (28)% |
| **Core loans:** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial and industrial | $**7135083** | $7028247 | $6871206 | $6867422 | $6774683 | 6% | 5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asset-based lending | **1588522** | 1663693 | 1701962 | 1611001 | 1709685 | (18) | (7) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Municipal | **804986** | 771785 | 798646 | 826653 | 827125 | 17 | (3) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Leases | **2834563** | 2757331 | 2680943 | 2537325 | 2443721 | 11 | 16 |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial real estate |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Residential construction | **60923** | 59027 | 55849 | 48617 | 73088 | 13 | (17) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial construction | **2273545** | 2165263 | 2086797 | 2065775 | 1984240 | 20 | 15 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Land | **323685** | 304827 | 306235 | 319689 | 346362 | 25 | (7) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Office | **1578208** | 1601208 | 1641555 | 1656109 | 1675286 | (6) | (6) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Industrial | **2912547** | 2824889 | 2677555 | 2628576 | 2527932 | 12 | 15 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Retail | **1478861** | 1452351 | 1402837 | 1374655 | 1404586 | 7 | 5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Multi-family | **3306597** | 3200578 | 3091314 | 3125505 | 3193339 | 13 | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mixed use and other | **1684841** | 1683867 | 1652759 | 1685018 | 1588584 | 0 | 6 |
| &nbsp;&nbsp;&nbsp;&nbsp;Home equity | **484202** | 466815 | 455683 | 445028 | 427043 | 15 | 13 |
| &nbsp;&nbsp;&nbsp;&nbsp;Residential real estate |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Residential real estate loans for investment | **4019046** | 3814715 | 3561417 | 3456009 | 3252649 | 21 | 24 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Residential mortgage loans, early buy-out eligible loans guaranteed by U.S. government agencies | **75088** | 80800 | 86952 | 114985 | 92355 | (28) | (19) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Residential mortgage loans, early buy-out exercised loans guaranteed by U.S. government agencies | **49736** | 53267 | 36790 | 41771 | 43034 | (26) | 16 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total core loans** | $**30610433** | $29928663 | $29108500 | $28804138 | $28363712 | 9% | 8% |
| **Niche loans:** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Franchise | $**1298140** | $1286265 | $1262555 | $1268521 | $1191686 | 4% | 9% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortgage warehouse lines of credit | **1204661** | 1232530 | 1019543 | 893854 | 750462 | (9) | 61 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Community Advantage - homeowners association | **537696** | 526595 | 525492 | 525446 | 501645 | 8 | 7 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Insurance agency lending | **1140691** | 1120985 | 1070979 | 1044329 | 1048686 | 7 | 9 |
| &nbsp;&nbsp;&nbsp;&nbsp;Premium Finance receivables |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. property & casualty insurance | **7502901** | 7378340 | 6486663 | 6447625 | 6253271 | 7 | 20 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Canada property & casualty insurance | **863391** | 944836 | 753199 | 824417 | 878410 | (34) | (2) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Life insurance | **8758553** | 8506960 | 8365140 | 8147145 | 7996899 | 12 | 10 |
| &nbsp;&nbsp;&nbsp;&nbsp;Consumer and other | **147016** | 116505 | 116319 | 99562 | 82676 | 104 | 78 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total niche loans** | $**21453049** | $21113016 | $19599890 | $19250899 | $18703735 | 6% | 15% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total loans, net of unearned income** | $**52063482** | $51041679 | $48708390 | $48055037 | $47067447 | 8% | 11% |

---

*(1)NM - Not Meaningful.*

*(2)Annualized.*

------

**TABLE 2: DEPOSIT PORTFOLIO MIX AND GROWTH RATES**

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | | | % Growth From | % Growth From |
| <u>(Dollars in thousands)</u> | **Sep 30,<br>2025** | Jun 30,<br>2025 | Mar 31,<br>2025 | Dec 31,<br>2024 | Sep 30,<br>2024 | Jun 30,<br>2025 <sup>(1)</sup> | Sep 30, 2024 |
| **<u>Balance:</u>** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Non-interest-bearing | $**10952146** | $10877166 | $11201859 | $11410018 | $10739132 | 3% | 2% |
| &nbsp;&nbsp;&nbsp;NOW and interest-bearing demand deposits | **6710919** | 6795725 | 6340168 | 5865546 | 5466932 | (5) | 23 |
| &nbsp;&nbsp;Wealth management deposits <sup>(2)</sup> | **1600735** | 1595764 | 1408790 | 1469064 | 1303354 | 1 | 23 |
| &nbsp;&nbsp;&nbsp;Money market | **20270382** | 19556041 | 18074733 | 17975191 | 17713726 | 14 | 14 |
| &nbsp;&nbsp;&nbsp;Savings | **6758743** | 6659419 | 6576251 | 6372499 | 6183249 | 6 | 9 |
| &nbsp;&nbsp;&nbsp;Time certificates of deposit | **10418456** | 10332696 | 9968237 | 9420031 | 9998573 | 3 | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total deposits | $**56711381** | $55816811 | $53570038 | $52512349 | $51404966 | 6% | 10% |
| **<u>Mix:</u>** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Non-interest-bearing | **19%** | 19% | 21% | 22% | 21% |  |  |
| &nbsp;&nbsp;&nbsp;NOW and interest-bearing demand deposits | **12** | 12 | 12 | 11 | 11 |  |  |
| &nbsp;&nbsp;Wealth management deposits <sup>(2)</sup> | **3** | 3 | 3 | 3 | 3 |  |  |
| &nbsp;&nbsp;&nbsp;Money market | **36** | 35 | 34 | 34 | 34 |  |  |
| &nbsp;&nbsp;&nbsp;Savings | **12** | 12 | 12 | 12 | 12 |  |  |
| &nbsp;&nbsp;&nbsp;Time certificates of deposit | **18** | 19 | 18 | 18 | 19 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total deposits | **100%** | 100% | 100% | 100% | 100% |  |  |

---

*(1)Annualized.*

*(2)Represents deposit balances of the Company's subsidiary banks from brokerage customers of Wintrust Investments, Chicago Deferred Exchange Company, LLC ("CDEC"), and trust and asset management customers of the Company.*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TABLE 3: TIME CERTIFICATES OF DEPOSIT MATURITY/RE-PRICING ANALYSIS** 

**As of September 30, 2025**

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| | | |
|:---|:---|:---|
| <u>(Dollars in thousands)</u> | **Total Time<br>Certificates of<br>Deposit** | **Weighted-Average<br>Rate of Maturing<br>Time Certificates<br>&nbsp;&nbsp;&nbsp;&nbsp;of Deposit** |
| 1-3 months | $**4450481** | **3.83%** |
| 4-6 months | **3165121** | **3.72** |
| 7-9 months | **1489181** | **3.64** |
| 10-12 months | **973156** | **3.79** |
| 13-18 months | **196146** | **3.13** |
| 19-24 months | **79669** | **3.00** |
| 24+ months | **64702** | **3.00** |
| &nbsp;&nbsp;&nbsp;&nbsp;Total | $**10418456** | **3.74%** |

---

------

**TABLE 4: QUARTERLY AVERAGE BALANCES**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Average Balance for three months ended,** | **Average Balance for three months ended,** | **Average Balance for three months ended,** | **Average Balance for three months ended,** | **Average Balance for three months ended,** |
| | **Sep 30,** | Jun 30, | Mar 31, | Dec 31, | Sep 30, |
| <u>(In thousands)</u> | **2025** | 2025 | 2025 | 2024 | 2024 |
| Interest-bearing deposits with banks, securities purchased under resale agreements and cash equivalents <sup>(1)</sup> | $**3276683** | $3308199 | $3520048 | $3934016 | $2413728 |
| Investment securities <sup>(2)</sup> | **9377930** | 8801560 | 8409735 | 8090271 | 8276576 |
| FHLB and FRB stock <sup>(3)</sup> | **282338** | 282001 | 281702 | 271825 | 263707 |
| &nbsp;&nbsp;Liquidity management assets <sup>(4)</sup> | $**12936951** | $12391760 | $12211485 | $12296112 | $10954011 |
| Other earning assets <sup>(4) (5)</sup> | **—** |  | 13140 | 20528 | 17542 |
| Mortgage loans held-for-sale | **295365** | 310534 | 286710 | 378707 | 376251 |
| Loans, net of unearned income <sup>(4) (6)</sup> | **51403566** | 49517635 | 47833380 | 47153014 | 45920586 |
| &nbsp;&nbsp;&nbsp;Total earning assets <sup>(4)</sup> | $**64635882** | $62219929 | $60344715 | $59848361 | $57268390 |
| Allowance for loan and investment security losses | **(410681)** | (398685) | (375371) | (367238) | (383736) |
| Cash and due from banks | **495292** | 478707 | 476423 | 470033 | 467333 |
| Other assets | **3582543** | 3540394 | 3661275 | 3642949 | 3563296 |
| &nbsp;&nbsp;&nbsp;Total assets | $**68303036** | $65840345 | $64107042 | $63594105 | $60915283 |
| NOW and interest-bearing demand deposits | $**6687292** | $6423050 | $6046189 | $5601672 | $5174673 |
| Wealth management deposits | **1604142** | 1552989 | 1574480 | 1430163 | 1362747 |
| Money market accounts | **19431021** | 18184754 | 17581141 | 17579395 | 16436111 |
| Savings accounts | **6723325** | 6578698 | 6479444 | 6288727 | 6096746 |
| Time deposits | **10319719** | 9841702 | 9406126 | 9702948 | 9598109 |
| &nbsp;&nbsp;&nbsp;Interest-bearing deposits | $**44765499** | $42581193 | $41087380 | $40602905 | $38668386 |
| FHLB advances <sup>(3)</sup> | **3151310** | 3151310 | 3151309 | 3160658 | 3178973 |
| Other borrowings | **614892** | 593657 | 582139 | 577786 | 622792 |
| Subordinated notes | **298481** | 298398 | 298306 | 298225 | 298135 |
| Junior subordinated debentures | **253566** | 253566 | 253566 | 253566 | 253566 |
| &nbsp;&nbsp;&nbsp;Total interest-bearing liabilities | $**49083748** | $46878124 | $45372700 | $44893140 | $43021852 |
| Non-interest-bearing deposits | **10791709** | 10643798 | 10732156 | 10718738 | 10271613 |
| Other liabilities | **1472036** | 1456383 | 1541245 | 1563824 | 1631389 |
| Equity | **6955543** | 6862040 | 6460941 | 6418403 | 5990429 |
| &nbsp;&nbsp;&nbsp;Total liabilities and shareholders' equity | $**68303036** | $65840345 | $64107042 | $63594105 | $60915283 |
| Net free funds/contribution <sup>(7)</sup> | $**15552134** | $15341805 | $14972015 | $14955221 | $14246538 |

---

*(1)Includes interest-bearing deposits from 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)Federal Home Loan Bank ("FHLB") and Federal Reserve Bank ("FRB")*

*(4)See Table 18: Supplemental Non-GAAP Financial Measures/Ratios for additional information on this performance measure/ratio.*

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

*(6)Loans, net of unearned income, include non-accrual loans.*

*(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.*

------

**TABLE 5: QUARTERLY NET INTEREST INCOME**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Net Interest Income for three months ended,** | **Net Interest Income for three months ended,** | **Net Interest Income for three months ended,** | **Net Interest Income for three months ended,** | **Net Interest Income for three months ended,** |
| | **Sep 30,** | Jun 30, | Mar 31, | Dec 31, | Sep 30, |
| <u>(In thousands)</u> | **2025** | 2025 | 2025 | 2024 | 2024 |
| **Interest income:** |  |  |  |  |  |
| Interest-bearing deposits with banks, securities purchased under resale agreements and cash equivalents | $**35067** | $34593 | $36945 | $46308 | $32885 |
| Investment securities | **87101** | 78733 | 72706 | 67783 | 70260 |
| FHLB and FRB stock <sup>(1)</sup> | **5444** | 5393 | 5307 | 5157 | 5451 |
| &nbsp;&nbsp;Liquidity management assets <sup>(2)</sup> | $**127612** | $118719 | $114958 | $119248 | $108596 |
| Other earning assets <sup>(2)</sup> | **—** |  | 92 | 310 | 282 |
| Mortgage loans held-for-sale | **4757** | 4872 | 4246 | 5623 | 6233 |
| Loans, net of unearned income <sup>(2)</sup> | **834294** | 800197 | 770568 | 791390 | 796637 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest income | $**966663** | $923788 | $889864 | $916571 | $911748 |
| **Interest expense:** |  |  |  |  |  |
| NOW and interest-bearing demand deposits | $**40448** | $37517 | $33600 | $31695 | $30971 |
| Wealth management deposits | **8415** | 8182 | 8606 | 9412 | 10158 |
| Money market accounts | **169831** | 155890 | 146374 | 159945 | 167382 |
| Savings accounts | **38844** | 37637 | 35923 | 38402 | 42892 |
| Time deposits | **98308** | 94244 | 95730 | 106934 | 110616 |
| &nbsp;&nbsp;&nbsp;Interest-bearing deposits | $**355846** | $333470 | $320233 | $346388 | $362019 |
| FHLB advances <sup>(1)</sup> | **26007** | 25724 | 25441 | 26050 | 26254 |
| Other borrowings | **6887** | 6957 | 6792 | 7519 | 9013 |
| Subordinated notes | **3717** | 3735 | 3714 | 3733 | 3712 |
| Junior subordinated debentures | **4367** | 4328 | 4311 | 4663 | 5023 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest expense | $**396824** | $374214 | $360491 | $388353 | $406021 |
| Less: Fully taxable-equivalent adjustment | **(2829)** | (2880) | (2899) | (3070) | (3144) |
| Net interest income (GAAP) <sup>(3)</sup>  | **567010** | 546694 | 526474 | 525148 | 502583 |
| Fully taxable-equivalent adjustment | **2829** | 2880 | 2899 | 3070 | 3144 |
| Net interest income, fully taxable-equivalent (non-GAAP) <sup>(3)</sup>  | $**569839** | $549574 | $529373 | $528218 | $505727 |

---

*(1)Federal Home Loan Bank ("FHLB") and Federal Reserve Bank ("FRB")*

*(2)Interest income on tax-advantaged loans, trading securities and investment securities reflects a taxable-equivalent adjustment based on the marginal federal corporate tax rate in effect as of the applicable period.* 

*(3)See Table 18: Supplemental Non-GAAP Financial Measures/Ratios for additional information on this performance measure/ratio.*

------

**TABLE 6: QUARTERLY NET INTEREST MARGIN**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Net Interest Margin for three months ended,** | **Net Interest Margin for three months ended,** | **Net Interest Margin for three months ended,** | **Net Interest Margin for three months ended,** | **Net Interest Margin for three months ended,** |
| | **Sep 30, 2025** | Jun 30, 2025 | Mar 31,<br>2025 | Dec 31, 2024 | Sep 30,<br>2024 |
| **Yield earned on:** |  |  |  |  |  |
| Interest-bearing deposits with banks, securities purchased under resale agreements and cash equivalents | **4.25%** | 4.19% | 4.26% | 4.68% | 5.42% |
| Investment securities | **3.68** | 3.59 | 3.51 | 3.33 | 3.38 |
| FHLB and FRB stock <sup>(1)</sup> | **7.65** | 7.67 | 7.64 | 7.55 | 8.22 |
| &nbsp;&nbsp;&nbsp;Liquidity management assets | **3.91%** | 3.84% | 3.82% | 3.86% | 3.94% |
| Other earning assets | **—** |  | 2.84 | 6.01 | 6.38 |
| Mortgage loans held-for-sale | **6.39** | 6.29 | 6.01 | 5.91 | 6.59 |
| Loans, net of unearned income | **6.44** | 6.48 | 6.53 | 6.68 | 6.90 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total earning assets | **5.93%** | 5.96% | 5.98% | 6.09% | 6.33% |
| **Rate paid on:** |  |  |  |  |  |
| NOW and interest-bearing demand deposits | **2.40%** | 2.34% | 2.25% | 2.25% | 2.38% |
| Wealth management deposits | **2.08** | 2.11 | 2.22 | 2.62 | 2.97 |
| Money market accounts | **3.47** | 3.44 | 3.38 | 3.62 | 4.05 |
| Savings accounts | **2.29** | 2.29 | 2.25 | 2.43 | 2.80 |
| Time deposits | **3.78** | 3.84 | 4.13 | 4.38 | 4.58 |
| &nbsp;&nbsp;&nbsp;Interest-bearing deposits | **3.15%** | 3.14% | 3.16% | 3.39% | 3.72% |
| FHLB advances | **3.27** | 3.27 | 3.27 | 3.28 | 3.29 |
| Other borrowings | **4.44** | 4.70 | 4.73 | 5.18 | 5.76 |
| Subordinated notes | **4.94** | 5.02 | 5.05 | 4.98 | 4.95 |
| Junior subordinated debentures | **6.83** | 6.85 | 6.90 | 7.32 | 7.88 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing liabilities | **3.21%** | 3.20% | 3.22% | 3.44% | 3.75% |
| Interest rate spread <sup>(2) (3)</sup> | **2.72%** | 2.76% | 2.76% | 2.65% | 2.58% |
| Less: Fully taxable-equivalent adjustment | **(0.02)** | (0.02) | (0.02) | (0.02) | (0.02) |
| Net free funds/contribution <sup>(4)</sup> | **0.78** | 0.78 | 0.80 | 0.86 | 0.93 |
| Net interest margin (GAAP) <sup>(3)</sup> | **3.48%** | 3.52% | 3.54% | 3.49% | 3.49% |
| Fully taxable-equivalent adjustment | **0.02** | 0.02 | 0.02 | 0.02 | 0.02 |
| Net interest margin, fully taxable-equivalent (non-GAAP) <sup>(3)</sup> | **3.50%** | 3.54% | 3.56% | 3.51% | 3.51% |

---

*(1)Federal Home Loan Bank ("FHLB") and Federal Reserve Bank ("FRB")*

*(2)Interest rate spread is the difference between the yield earned on earning assets and the rate paid on interest-bearing liabilities.*

*(3)See Table 18: Supplemental Non-GAAP Financial Measures/Ratios for additional information on this performance measure/ratio.*

*(4)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.*

------

**TABLE 7: YEAR-TO-DATE AVERAGE BALANCES, AND NET INTEREST INCOME AND MARGIN**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **Average Balance**<br>**for nine months ended,** | **Average Balance**<br>**for nine months ended,** | **Interest**<br>**for nine months ended,** | **Interest**<br>**for nine months ended,** | **Yield/Rate**<br>**for nine months ended,** | **Yield/Rate**<br>**for nine months ended,** |
| <u>(Dollars in thousands)</u> | **Sep 30, 2025** | Sep 30,<br>2024 | **Sep 30, 2025** | Sep 30, 2024 | **Sep 30, 2025** | Sep 30, 2024 |
| Interest-bearing deposits with banks, securities purchased under resale agreements and cash equivalents <sup>(1)</sup> | $**3367419** | $1720387 | $**106605** | $69310 | **4.23%** | 5.38% |
| Investment securities <sup>(2)</sup> | **8866621** | 8276711 | **238540** | 210834 | **3.60** | 3.40 |
| FHLB and FRB stock <sup>(3)</sup> | **282016** | 249375 | **16144** | 14903 | **7.65** | 7.98 |
| Liquidity management assets <sup>(4) (5)</sup> | $**12516056** | $10246473 | $**361289** | $295047 | **3.86%** | 3.85% |
| Other earning assets <sup>(4) (5) (6)</sup> | **4332** | 15966 | **92** | 715 | **2.84** | 5.98 |
| Mortgage loans held-for-sale | **297568** | 338061 | **13875** | 15813 | **6.23** | 6.25 |
| Loans, net of unearned income <sup>(4) (5) (7)</sup> | **49597938** | 43963779 | **2405059** | 2261341 | **6.48** | 6.87 |
| &nbsp;&nbsp;&nbsp;Total earning assets <sup>(5)</sup> | $**62415894** | $54564279 | $**2780315** | $2572916 | **5.96%** | 6.30% |
| Allowance for loan and investment security losses | **(395041)** | (368713) |  |  |  |  |
| Cash and due from banks | **483543** | 450899 |  |  |  |  |
| Other assets | **3594449** | 3367882 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Total assets | $**66098845** | $58014347 |  |  |  |  |
| NOW and interest-bearing demand deposits | $**6387859** | $5279697 | $**111565** | $98586 | **2.34%** | 2.49% |
| Wealth management deposits | **1577312** | 1467886 | **25203** | 30913 | **2.14** | 2.81 |
| Money market accounts | **18405748** | 15398045 | **472095** | 460466 | **3.43** | 3.99 |
| Savings accounts | **6594716** | 5923205 | **112404** | 123026 | **2.28** | 2.77 |
| Time deposits | **9859196** | 8435172 | **288282** | 284263 | **3.91** | 4.50 |
| &nbsp;&nbsp;&nbsp;Interest-bearing deposits | $**42824831** | $36504005 | $**1009549** | $997254 | **3.15%** | 3.65% |
| Federal Home Loan Bank advances | **3151310** | 3002228 | **77172** | 73099 | **3.27** | 3.25 |
| Other borrowings | **597016** | 612627 | **20636** | 26961 | **4.62** | 5.88 |
| Subordinated notes | **298396** | 381813 | **11166** | 14384 | **5.00** | 5.03 |
| Junior subordinated debentures | **253566** | 253566 | **13006** | 15011 | **6.86** | 7.91 |
| &nbsp;&nbsp;&nbsp;Total interest-bearing liabilities | $**47125119** | $40754239 | $**1131529** | $1126709 | **3.21%** | 3.69% |
| Non-interest-bearing deposits | **10722772** | 10041972 |  |  |  |  |
| Other liabilities | **1489635** | 1589790 |  |  |  |  |
| Equity | **6761319** | 5628346 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Total liabilities and shareholders' equity | $**66098845** | $58014347 |  |  |  |  |
| Interest rate spread <sup>(5) (8)</sup> |  |  |  |  | **2.75%** | 2.61% |
| Less: Fully taxable-equivalent adjustment |  |  | **(8608)** | (8820) | **(0.02)** | (0.02) |
| Net free funds/contribution <sup>(9)</sup> | $**15290775** | $13810040 |  |  | **0.78** | 0.93 |
| Net interest income/margin (GAAP) <sup>(5)</sup> |  |  | $**1640178** | $1437387 | **3.51%** | 3.52% |
| Fully taxable-equivalent adjustment |  |  | **8608** | 8820 | **0.02** | 0.02 |
| Net interest income/margin, fully taxable-equivalent (non-GAAP) <sup>(5)</sup>  |  |  | $**1648786** | $1446207 | **3.53%** | 3.54% |

---

*(1)Includes interest-bearing deposits from 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)Federal Home Loan Bank ("FHLB") and Federal Reserve Bank ("FRB")*

*(4)Interest income on tax-advantaged loans, trading securities and investment securities reflects a taxable-equivalent adjustment based on the marginal federal corporate tax rate in effect as of the applicable period.*

*(5)See Table 18: Supplemental Non-GAAP Financial Measures/Ratios for additional information on this performance measure/ratio.*

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

*(7)Loans, net of unearned income, include non-accrual loans.*

*(8)Interest rate spread is the difference between the yield earned on earning assets and the rate paid on interest-bearing liabilities.*

*(9)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.*

------

**TABLE 8: INTEREST RATE SENSITIVITY**

As an ongoing part of its financial strategy, the Company attempts to manage the impact of fluctuations in market interest rates on net interest income. Management measures its exposure to changes in interest rates by modeling many different interest rate scenarios.

The following interest rate scenarios display the percentage change in net interest income over a one-year time horizon assuming increases and decreases of 100 and 200 basis points as compared to projected net interest income in a scenario with no assumed rate changes. The Static Shock Scenario results incorporate actual cash flows and repricing characteristics for balance sheet instruments following an instantaneous, parallel change in market rates based upon a static (i.e. no growth or constant) balance sheet. Conversely, the Ramp Scenario results incorporate management's projections of future volume and pricing of each of the product lines following a gradual, parallel change in market rates over twelve months. Actual results may differ from these simulated results due to timing, magnitude, and frequency of interest rate changes as well as changes in market conditions and management strategies. The interest rate sensitivity for both the Static Shock and Ramp Scenario is as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| <u>Static Shock Scenario</u> | **+200 Basis Points** | **+100 Basis Points** | **-100 Basis Points** | **-200 Basis Points** |
| **Sep 30, 2025** | **(2.3)%** | **(0.8)%** | **0.0%** | **(0.4)%** |
| Jun 30, 2025 | (1.5) | (0.4) | (0.2) | (1.2) |
| Mar 31, 2025 | (1.8) | (0.6) | (0.2) | (1.2) |
| Dec 31, 2024 | (1.6) | (0.6) | (0.3) | (1.5) |
| Sep 30, 2024 | 1.2 | 1.1 | 0.4 | (0.9) |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| <u>Ramp Scenario</u> | **+200 Basis Points** | **+100 Basis Points** | **-100 Basis Points** | **-200 Basis Points** |
| **Sep 30, 2025** | **(0.2)%** | **(0.1)%** | **0.1%** | **(0.1)%** |
| Jun 30, 2025 | 0.0 | 0.0 | (0.1) | (0.4) |
| Mar 31, 2025 | 0.2 | 0.2 | (0.1) | (0.5) |
| Dec 31, 2024 | (0.2) | (0.0) | 0.0 | (0.3) |
| Sep 30, 2024 | 1.6 | 1.2 | 0.7 | 0.5 |

---

As shown above, the magnitude of potential changes in net interest income in various interest rate scenarios has continued to remain relatively neutral. As the current interest rate cycle progressed, management took action to reposition its sensitivity to interest rates. To this end, management has executed various derivative instruments including collars, floors and receive fixed swaps to hedge variable rate loan exposures and originated a higher percentage of its loan originations in longer-term fixed-rate loans. The Company will continue to monitor current and projected interest rates and may execute additional derivatives to mitigate potential fluctuations in the net interest margin in future periods.

------

**TABLE 9: MATURITIES AND SENSITIVITIES TO CHANGES IN INTEREST RATES**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Loans repricing or contractual maturity period** | **Loans repricing or contractual maturity period** | **Loans repricing or contractual maturity period** | **Loans repricing or contractual maturity period** | **Loans repricing or contractual maturity period** |
| **As of September 30, 2025** | **One year or<br>less** | **From one to<br>five years** | **From five to fifteen years** | **After fifteen years** | **Total** |
| <u>(In thousands)</u> | **One year or<br>less** | **From one to<br>five years** | **From five to fifteen years** | **After fifteen years** | **Total** |
| Commercial |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Fixed rate | $**465635** | $**3851843** | $**2154642** | $**17113** | $**6489233** |
| &nbsp;&nbsp;&nbsp;Variable rate | **10054366** | **743** | **—** | **—** | **10055109** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total commercial | $**10520001** | $**3852586** | $**2154642** | $**17113** | $**16544342** |
| Commercial real estate |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Fixed rate | $**771993** | $**2629379** | $**358703** | $**68729** | $**3828804** |
| &nbsp;&nbsp;&nbsp;Variable rate | **9779638** | **10700** | **65** | **—** | **9790403** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total commercial real estate | $**10551631** | $**2640079** | $**358768** | $**68729** | $**13619207** |
| Home equity |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Fixed rate | $**9470** | $**464** | $**—** | $**13** | $**9947** |
| &nbsp;&nbsp;&nbsp;Variable rate | **474255** | **—** | **—** | **—** | **474255** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total home equity | $**483725** | $**464** | $**—** | $**13** | $**484202** |
| Residential real estate |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Fixed rate | $**17018** | $**4563** | $**70142** | $**1040869** | $**1132592** |
| &nbsp;&nbsp;&nbsp;Variable rate | **117542** | **736051** | **2157685** | **—** | **3011278** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total residential real estate | $**134560** | $**740614** | $**2227827** | $**1040869** | $**4143870** |
| Premium finance receivables - property & casualty |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Fixed rate | $**8275798** | $**90494** | $**—** | $**—** | $**8366292** |
| &nbsp;&nbsp;&nbsp;Variable rate | **—** | **—** | **—** | **—** | **—** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total premium finance receivables - property & casualty | $**8275798** | $**90494** | $**—** | $**—** | $**8366292** |
| Premium finance receivables - life insurance |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Fixed rate | $**255894** | $**140954** | $**4000** | $**—** | $**400848** |
| &nbsp;&nbsp;&nbsp;Variable rate | **8357705** | **—** | **—** | **—** | **8357705** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total premium finance receivables - life insurance | $**8613599** | $**140954** | $**4000** | $**—** | $**8758553** |
| Consumer and other |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Fixed rate | $**65657** | $**8660** | $**1045** | $**853** | $**76215** |
| &nbsp;&nbsp;&nbsp;Variable rate | **70801** | **—** | **—** | **—** | **70801** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total consumer and other | $**136458** | $**8660** | $**1045** | $**853** | $**147016** |
| Total per category |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Fixed rate | $**9861465** | $**6726357** | $**2588532** | $**1127577** | $**20303931** |
| &nbsp;&nbsp;&nbsp;Variable rate | **28854307** | **747494** | **2157750** | **—** | **31759551** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total loans, net of unearned income | $**38715772** | $**7473851** | $**4746282** | $**1127577** | $**52063482** |
| &nbsp;&nbsp;Less: Existing cash flow hedging derivatives <sup>(1)</sup> | **(5650000)** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total loans repricing or maturing in one year or less, adjusted for cash flow hedging activity | $**33065772** |  |  |  |  |
| **<u>Variable Rate Loan Pricing by Index:</u>** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;SOFR tenors <sup>(2)</sup> |  |  |  |  | $**20295819** |
| &nbsp;&nbsp;&nbsp;12- month CMT <sup>(3)</sup> |  |  |  |  | **7284381** |
| &nbsp;&nbsp;&nbsp;Prime |  |  |  |  | **3083193** |
| &nbsp;&nbsp;&nbsp;Fed Funds |  |  |  |  | **768000** |
| &nbsp;&nbsp;&nbsp;Other U.S. Treasury tenors |  |  |  |  | **191629** |
| &nbsp;&nbsp;&nbsp;Other |  |  |  |  | **136529** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total variable rate |  |  |  |  | $**31759551** |

---

*(1)Excludes cash flow hedges with future effective starting dates.*

*(2)SOFR - Secured Overnight Financing Rate.*

*(3)CMT - Constant Maturity Treasury Rate.*

------

![liborerq32025a.jpg](liborerq32025a.jpg)

Source: Bloomberg

As noted in the table on the previous page, the majority of the Company's portfolio is tied to SOFR and CMT indices which, as shown in the table above, do not mirror the same changes as the Prime rate, which has historically moved when the Federal Reserve raises or lowers interest rates. Specifically, the Company has variable rate loans of $17.5 billion tied to one-month SOFR and $7.3 billion tied to twelve-month CMT. The above chart shows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Basis Point (bp) Change in** | **Basis Point (bp) Change in** | **Basis Point (bp) Change in** | **Basis Point (bp) Change in** |
| | **1-month<br>SOFR** | | **12- month CMT** | **Prime** |
| **Third Quarter 2025** | **(19)** | **bps** | **(28)** | **(25)** |
| Second Quarter 2025 |  |  | (7) |  |
| First Quarter 2025 | (1) |  | (13) |  |
| fourth quarter 2024 | (52) |  | 18 | (50) |
| Third Quarter 2024 | (49) |  | (111) | (50) |

---

------

**TABLE 10: ALLOWANCE FOR CREDIT LOSSES**

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Nine Months Ended** | **Nine Months Ended** |
| | **Sep 30,** | Jun 30, | Mar 31, | Dec 31, | Sep 30, | **Sep 30,** | Sep 30, |
| <u>(Dollars in thousands)</u> | **2025** | 2025 | 2025 | 2024 | 2024 | **2025** | 2024 |
| **Allowance for credit losses at beginning of period** | $**457461** | $448387 | $437060 | $436193 | $437560 | $**437060** | $427612 |
| **Provision for credit losses - Other** | **21768** | 22234 | 23963 | 16979 | 6787 | **67965** | 68521 |
| **Provision for credit losses - Day 1 on non-PCD assets acquired during the period** | **—** |  |  |  | 15547 | **—** | 15547 |
| **Initial allowance for credit losses recognized on PCD assets acquired during the period** | **—** |  |  |  | 3004 | **—** | 3004 |
| **Other adjustments** | **(88)** | 180 | 4 | (187) | 30 | **96** | (20) |
| **<u>Charge-offs:</u>** |  |  |  |  |  |  |  |
| Commercial | **21597** | 6148 | 9722 | 5090 | 22975 | **37467** | 43774 |
| Commercial real estate | **144** | 5711 | 454 | 1037 | 95 | **6309** | 21090 |
| Home equity | **27** | 111 |  |  |  | **138** | 74 |
| Residential real estate | **26** |  |  | 114 |  | **26** | 61 |
| Premium finance receivables - property & casualty | **6860** | 6346 | 7114 | 13301 | 7790 | **20320** | 24214 |
| Premium finance receivables - life insurance | **18** |  | 12 |  | 4 | **30** | 4 |
| Consumer and other | **174** | 179 | 147 | 189 | 154 | **500** | 398 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total charge-offs | **28846** | 18495 | 17449 | 19731 | 31018 | **64790** | 89615 |
| **<u>Recoveries:</u>** |  |  |  |  |  |  |  |
| Commercial | **1449** | 1746 | 929 | 775 | 649 | **4124** | 2078 |
| Commercial real estate | **241** | 10 | 12 | 172 | 30 | **263** | 151 |
| Home equity | **104** | 30 | 216 | 194 | 101 | **350** | 165 |
| Residential real estate | **1** | 2 | 136 | 0 | 5 | **139** | 15 |
| Premium finance receivables - property & casualty | **2459** | 3335 | 3487 | 2646 | 3436 | **9281** | 8613 |
| Premium finance receivables - life insurance | **—** |  |  |  | 41 | **—** | 54 |
| Consumer and other | **37** | 32 | 29 | 19 | 21 | **98** | 68 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total recoveries | **4291** | 5155 | 4809 | 3806 | 4283 | **14255** | 11144 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Net charge-offs** | **(24555)** | (13340) | (12640) | (15925) | (26735) | **(50535)** | (78471) |
| **Allowance for credit losses at period end** | $**454586** | $457461 | $448387 | $437060 | $436193 | $**454586** | $436193 |
| **Annualized net charge-offs (recoveries) by category as a percentage of its own respective category's average:** | **Annualized net charge-offs (recoveries) by category as a percentage of its own respective category's average:** | **Annualized net charge-offs (recoveries) by category as a percentage of its own respective category's average:** | **Annualized net charge-offs (recoveries) by category as a percentage of its own respective category's average:** | **Annualized net charge-offs (recoveries) by category as a percentage of its own respective category's average:** | **Annualized net charge-offs (recoveries) by category as a percentage of its own respective category's average:** |  |  |
| Commercial | **0.49%** | 0.11% | 0.23% | 0.11% | 0.61% | **0.28%** | 0.41% |
| Commercial real estate | **(0.00)** | 0.17 | 0.01 | 0.03 | 0.00 | **0.06** | 0.23 |
| Home equity | **(0.06)** | 0.07 | (0.20) | (0.18) | (0.10) | **(0.06)** | (0.03) |
| Residential real estate | **0.00** | (0.00) | (0.02) | 0.01 | 0.00 | **(0.00)** | 0.00 |
| Premium finance receivables - property & casualty | **0.20** | 0.16 | 0.20 | 0.59 | 0.24 | **0.19** | 0.30 |
| Premium finance receivables - life insurance | **0.00** |  | 0.00 |  | 0.00 | **0.00** | (0.00) |
| Consumer and other | **0.40** | 0.44 | 0.45 | 0.63 | 0.63 | **0.43** | 0.54 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total loans, net of unearned income | **0.19%** | 0.11% | 0.11% | 0.13% | 0.23% | **0.14** | 0.24% |
| **Loans at period end** | $**52063482** | $51041679 | $48708390 | $48055037 | $47067447 |  |  |
| **Allowance for loan losses as a percentage of loans at period end** | **0.74%** | 0.77% | 0.78% | 0.76% | 0.77% |  |  |
| **Allowance for loan and unfunded lending-related commitment losses as a percentage of loans at period end** | **0.87** | 0.90 | 0.92 | 0.91 | 0.93 |  |  |

---

*PCD - Purchase Credit Deteriorated* 

------

**TABLE 11: ALLOWANCE AND PROVISION FOR CREDIT LOSSES BY COMPONENT**

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Nine Months Ended** | **Nine Months Ended** |
| | **Sep 30,** | Jun 30, | Mar 31, | Dec 31, | Sep 30, | **Sep 30,** | Sep 30, |
| (In thousands) | **2025** | 2025 | 2025 | 2024 | 2024 | **2025** | 2024 |
| Provision for loan losses - Other | $**19610** | $26607 | $26826 | $19852 | $6782 | $**73043** | $78052 |
| Provision for credit losses - Day 1 on non-PCD assets acquired during the period | **—** |  |  |  | 15547 | **—** | 15547 |
| Provision for unfunded lending-related commitments losses - Other | **2160** | (4325) | (2852) | (2851) | 17 | **(5017)** | (9663) |
| Provision for held-to-maturity securities losses | **(2)** | (48) | (11) | (22) | (12) | **(61)** | 132 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Provision for credit losses** | $**21768** | $22234 | $23963 | $16979 | $22334 | $**67965** | $84068 |
| Allowance for loan losses | $**386622** | $391654 | $378207 | $364017 | $360279 |  |  |
| Allowance for unfunded lending-related commitments losses | **67569** | 65409 | 69734 | 72586 | 75435 |  |  |
| Allowance for loan losses and unfunded lending-related commitments losses | **454191** | 457063 | 447941 | 436603 | 435714 |  |  |
| Allowance for held-to-maturity securities losses | **395** | 398 | 446 | 457 | 479 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Allowance for credit losses** | $**454586** | $457461 | $448387 | $437060 | $436193 |  |  |

---

*PCD - Purchase Credit Deteriorated***&nbsp;&nbsp;&nbsp;&nbsp;**

**TABLE 12: ALLOWANCE BY LOAN PORTFOLIO**

The table below summarizes the calculation of allowance for loan losses and allowance for unfunded lending-related commitments losses for the Company's loan portfolios as well as core and niche portfolios, as of September 30, 2025, June 30, 2025 and March 31, 2025.

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **As of Sep 30, 2025** | **As of Sep 30, 2025** | **As of Sep 30, 2025** | As of Jun 30, 2025 | As of Jun 30, 2025 | As of Jun 30, 2025 | As of Mar 31, 2025 | As of Mar 31, 2025 | As of Mar 31, 2025 |
| <u>(Dollars in thousands)</u> | **Recorded<br>Investment** | **Calculated<br>Allowance** | **% of its<br>category's balance** | Recorded<br>Investment | Calculated<br>Allowance | % of its<br>category's balance | Recorded<br>Investment | Calculated<br>Allowance | % of its<br>category's balance |
| Commercial | $**16544342** | $**189476** | **1.15%** | $16387431 | $194568 | 1.19% | $15931326 | $201183 | 1.26% |
| Commercial real estate: |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Construction and development | **2658153** | **78765** | **2.96** | 2529117 | 75936 | 3.00 | 2448881 | 71388 | 2.92 |
| &nbsp;&nbsp;&nbsp;Non-construction | **10961054** | **151712** | **1.38** | 10762893 | 148422 | 1.38 | 10466020 | 138622 | 1.32 |
| Total commercial real estate | $**13619207** | $**230477** | **1.69%** | $13292010 | $224358 | 1.69% | $12914901 | $210010 | 1.63% |
| Total commercial and commercial real estate | $**30163549** | $**419953** | **1.39%** | $29679441 | $418926 | 1.41% | $28846227 | $411193 | 1.43% |
| Home equity | **484202** | **9229** | **1.91** | 466815 | 9221 | 1.98 | 455683 | 9139 | 2.01 |
| Residential real estate | **4143870** | **12013** | **0.29** | 3948782 | 11455 | 0.29 | 3685159 | 10652 | 0.29 |
| Premium finance receivables |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Property and casualty insurance | **8366292** | **11187** | **0.13** | 8323176 | 15872 | 0.19 | 7239862 | 15310 | 0.21 |
| &nbsp;&nbsp;&nbsp;Life insurance | **8758553** | **762** | **0.01** | 8506960 | 740 | 0.01 | 8365140 | 729 | 0.01 |
| Consumer and other | **147016** | **1047** | **0.71** | 116505 | 849 | 0.73 | 116319 | 918 | 0.79 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Total loans, net of unearned income** | $**52063482** | $**454191** | **0.87%** | $51041679 | $457063 | 0.90% | $48708390 | $447941 | 0.92% |
| Total core loans <sup>(1)</sup> | $**30610433** | $**408780** | **1.34%** | $29928663 | $409826 | 1.37% | $29108500 | $397664 | 1.37% |
| Total niche loans <sup>(1)</sup> | **21453049** | **45411** | **0.21** | 21113016 | 47237 | 0.22 | 19599890 | 50277 | 0.26 |

---

*(1)See Table 1 for additional detail on core and niche loans.*

------

**TABLE 13: LOAN PORTFOLIO AGING**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| <u>(In thousands)</u> | **Sep 30, 2025** | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 |
| **<u>Loan Balances:</u>** |  |  |  |  |  |
| Commercial |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Nonaccrual | $**66577** | $80877 | $70560 | $73490 | $63826 |
| &nbsp;&nbsp;&nbsp;90+ days and still accruing | **—** |  | 46 | 104 | 20 |
| &nbsp;&nbsp;&nbsp;60-89 days past due | **12190** | 34855 | 15243 | 54844 | 32560 |
| &nbsp;&nbsp;&nbsp;30-59 days past due | **36136** | 45103 | 97397 | 92551 | 46057 |
| &nbsp;&nbsp;&nbsp;Current | **16429439** | 16226596 | 15748080 | 15353562 | 15105230 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total commercial | $**16544342** | $16387431 | $15931326 | $15574551 | $15247693 |
| Commercial real estate |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Nonaccrual | $**28202** | $32828 | $26187 | $21042 | $42071 |
| &nbsp;&nbsp;&nbsp;90+ days and still accruing | **—** |  |  |  | 225 |
| &nbsp;&nbsp;&nbsp;60-89 days past due | **14119** | 11257 | 6995 | 10521 | 13439 |
| &nbsp;&nbsp;&nbsp;30-59 days past due | **83055** | 51173 | 83653 | 30766 | 48346 |
| &nbsp;&nbsp;&nbsp;Current | **13493831** | 13196752 | 12798066 | 12841615 | 12689336 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total commercial real estate | $**13619207** | $13292010 | $12914901 | $12903944 | $12793417 |
| Home equity |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Nonaccrual | $**1295** | $1780 | $2070 | $1117 | $1122 |
| &nbsp;&nbsp;&nbsp;90+ days and still accruing | **—** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;60-89 days past due | **246** | 138 | 984 | 1233 | 1035 |
| &nbsp;&nbsp;&nbsp;30-59 days past due | **2294** | 2971 | 3403 | 2148 | 2580 |
| &nbsp;&nbsp;&nbsp;Current | **480367** | 461926 | 449226 | 440530 | 422306 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total home equity | $**484202** | $466815 | $455683 | $445028 | $427043 |
| Residential real estate |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Early buy-out loans guaranteed by U.S. government agencies <sup>(1)</sup> | $**124824** | $134067 | $123742 | $156756 | $135389 |
| &nbsp;&nbsp;&nbsp;Nonaccrual | **28942** | 28047 | 22522 | 23762 | 17959 |
| &nbsp;&nbsp;&nbsp;90+ days and still accruing | **—** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;60-89 days past due | **8829** | 8954 | 1351 | 5708 | 6364 |
| &nbsp;&nbsp;&nbsp;30-59 days past due | **95** | 38 | 38943 | 18917 | 2160 |
| &nbsp;&nbsp;&nbsp;Current | **3981180** | 3777676 | 3498601 | 3407622 | 3226166 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total residential real estate | $**4143870** | $3948782 | $3685159 | $3612765 | $3388038 |
| Premium finance receivables - property & casualty |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Nonaccrual | $**24512** | $30404 | $29846 | $28797 | $36079 |
| &nbsp;&nbsp;&nbsp;90+ days and still accruing | **13006** | 14350 | 18081 | 16031 | 18235 |
| &nbsp;&nbsp;&nbsp;60-89 days past due | **23527** | 25641 | 19717 | 19042 | 18740 |
| &nbsp;&nbsp;&nbsp;30-59 days past due | **38133** | 29460 | 39459 | 68219 | 30204 |
| &nbsp;&nbsp;&nbsp;Current | **8267114** | 8223321 | 7132759 | 7139953 | 7028423 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total Premium finance receivables - property & casualty | $**8366292** | $8323176 | $7239862 | $7272042 | $7131681 |
| Premium finance receivables - life insurance |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Nonaccrual | $**—** | $— | $— | $6431 | $— |
| &nbsp;&nbsp;&nbsp;90+ days and still accruing | **—** | 327 | 2962 |  |  |
| &nbsp;&nbsp;&nbsp;60-89 days past due | **34016** | 11202 | 10587 | 72963 | 10902 |
| &nbsp;&nbsp;&nbsp;30-59 days past due | **34506** | 34403 | 29924 | 36405 | 74432 |
| &nbsp;&nbsp;&nbsp;Current | **8690031** | 8461028 | 8321667 | 8031346 | 7911565 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total Premium finance receivables - life insurance | $**8758553** | $8506960 | $8365140 | $8147145 | $7996899 |
| Consumer and other |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Nonaccrual | $**38** | $41 | $18 | $2 | $2 |
| &nbsp;&nbsp;&nbsp;90+ days and still accruing | **60** | 184 | 98 | 47 | 148 |
| &nbsp;&nbsp;&nbsp;60-89 days past due | **49** | 61 | 162 | 59 | 22 |
| &nbsp;&nbsp;&nbsp;30-59 days past due | **159** | 175 | 542 | 882 | 264 |
| &nbsp;&nbsp;&nbsp;Current | **146710** | 116044 | 115499 | 98572 | 82240 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total consumer and other | $**147016** | $116505 | $116319 | $99562 | $82676 |
| Total loans, net of unearned income |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Early buy-out loans guaranteed by U.S. government agencies <sup>(1)</sup> | $**124824** | $134067 | $123742 | $156756 | $135389 |
| &nbsp;&nbsp;&nbsp;Nonaccrual | **149566** | 173977 | 151203 | 154641 | 161059 |
| &nbsp;&nbsp;&nbsp;90+ days and still accruing | **13066** | 14861 | 21187 | 16182 | 18628 |
| &nbsp;&nbsp;&nbsp;60-89 days past due | **92976** | 92108 | 55039 | 164370 | 83062 |
| &nbsp;&nbsp;&nbsp;30-59 days past due | **194378** | 163323 | 293321 | 249888 | 204043 |
| &nbsp;&nbsp;&nbsp;Current | **51488672** | 50463343 | 48063898 | 47313200 | 46465266 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total loans, net of unearned income | $**52063482** | $51041679 | $48708390 | $48055037 | $47067447 |

---

*(1)Early buy-out loans are insured or guaranteed by the Federal Housing Administration or the U.S. Department of Veterans Affairs, subject to indemnifications and insurance limits for certain loans.* 

------

**TABLE 14: NON-PERFORMING ASSETS** <sup>(1)</sup>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Sep 30,** | Jun 30, | Mar 31, | Dec 31, | Sep 30, |
| <u>(Dollars in thousands)</u> | **2025** | 2025 | 2025 | 2024 | 2024 |
| **Loans past due greater than 90 days and still accruing:** |  |  |  |  |  |
| Commercial | $**—** | $— | $46 | $104 | $20 |
| Commercial real estate | **—** |  |  |  | 225 |
| Home equity | **—** |  |  |  |  |
| Residential real estate | **—** |  |  |  |  |
| Premium finance receivables - property & casualty | **13006** | 14350 | 18081 | 16031 | 18235 |
| Premium finance receivables - life insurance | **—** | 327 | 2962 |  |  |
| Consumer and other | **60** | 184 | 98 | 47 | 148 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total loans past due greater than 90 days and still accruing | **13066** | 14861 | 21187 | 16182 | 18628 |
| **Non-accrual loans:** |  |  |  |  |  |
| Commercial | **66577** | 80877 | 70560 | 73490 | 63826 |
| Commercial real estate | **28202** | 32828 | 26187 | 21042 | 42071 |
| Home equity | **1295** | 1780 | 2070 | 1117 | 1122 |
| Residential real estate | **28942** | 28047 | 22522 | 23762 | 17959 |
| Premium finance receivables - property & casualty | **24512** | 30404 | 29846 | 28797 | 36079 |
| Premium finance receivables - life insurance | **—** |  |  | 6431 |  |
| Consumer and other | **38** | 41 | 18 | 2 | 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total non-accrual loans | **149566** | 173977 | 151203 | 154641 | 161059 |
| **Total non-performing loans:** |  |  |  |  |  |
| Commercial | **66577** | 80877 | 70606 | 73594 | 63846 |
| Commercial real estate | **28202** | 32828 | 26187 | 21042 | 42296 |
| Home equity | **1295** | 1780 | 2070 | 1117 | 1122 |
| Residential real estate | **28942** | 28047 | 22522 | 23762 | 17959 |
| Premium finance receivables - property & casualty | **37518** | 44754 | 47927 | 44828 | 54314 |
| Premium finance receivables - life insurance | **—** | 327 | 2962 | 6431 |  |
| Consumer and other | **98** | 225 | 116 | 49 | 150 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total non-performing loans | $**162632** | $188838 | $172390 | $170823 | $179687 |
| Other real estate owned | **24832** | 23615 | 22625 | 23116 | 13682 |
| &nbsp;&nbsp;&nbsp;Total non-performing assets | $**187464** | $212453 | $195015 | $193939 | $193369 |
| **Total non-performing loans by category as a percent of its own respective category's period-end balance:** |  |  |  |  |  |
| Commercial | **0.40%** | 0.49% | 0.44% | 0.47% | 0.42% |
| Commercial real estate | **0.21** | 0.25 | 0.20 | 0.16 | 0.33 |
| Home equity | **0.27** | 0.38 | 0.45 | 0.25 | 0.26 |
| Residential real estate | **0.70** | 0.71 | 0.61 | 0.66 | 0.53 |
| Premium finance receivables - property & casualty | **0.45** | 0.54 | 0.66 | 0.62 | 0.76 |
| Premium finance receivables - life insurance | **—** | 0.00 | 0.04 | 0.08 |  |
| Consumer and other | **0.07** | 0.19 | 0.10 | 0.05 | 0.18 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total loans, net of unearned income | **0.31%** | 0.37% | 0.35% | 0.36% | 0.38% |
| **Total non-performing assets as a percentage of total assets** | **0.27%** | 0.31% | 0.30% | 0.30% | 0.30% |
| **Allowance for loan losses and unfunded lending-related commitments losses as a percentage of non-accrual loans** | **303.67%** | 262.71% | 296.25% | 282.33% | 270.53% |

---

*(1)Excludes early buy-out loans guaranteed by U.S. government agencies. Early buy-out loans are insured or guaranteed by the Federal Housing Administration or the U.S. Department of Veterans Affairs, subject to indemnifications and insurance limits for certain loans.* 

------

*Non-performing Loans Rollforward, excluding early buy-out loans guaranteed by U.S. government agencies* 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Nine Months Ended** | **Nine Months Ended** |
| | **Sep 30,** | Jun 30, | Mar 31, | Dec 31, | Sep 30, | **Sep 30,** | Sep 30, |
| <u>(In thousands)</u> | **2025** | 2025 | 2025 | 2024 | 2024 | **2025** | 2024 |
| Balance at beginning of period | $**188838** | $172390 | $170823 | $179687 | $174251 | $**170823** | $139030 |
| &nbsp;&nbsp;&nbsp;Additions from becoming non-performing in the respective period | **34805** | 48651 | 27721 | 30931 | 42335 | **111177** | 119853 |
| &nbsp;&nbsp;&nbsp;Additions from assets acquired in the respective period | **—** |  |  |  | 189 | **—** | 189 |
| &nbsp;&nbsp;&nbsp;Return to performing status | **(3399)** | (6896) | (1207) | (1108) | (362) | **(11502)** | (1764) |
| &nbsp;&nbsp;&nbsp;Payments received | **(28052)** | (5602) | (15965) | (12219) | (10894) | **(49619)** | (28841) |
| &nbsp;&nbsp;&nbsp;Transfer to OREO or other assets | **(348)** | (2247) |  | (17897) | (3680) | **(2595)** | (12006) |
| &nbsp;&nbsp;&nbsp;Charge-offs, net | **(21526)** | (11734) | (8600) | (5612) | (21211) | **(41860)** | (43694) |
| &nbsp;&nbsp;&nbsp;Net change for premium finance receivables | **(7686)** | (5724) | (382) | (2959) | (941) | **(13792)** | 6920 |
| **Balance at end of period** | $**162632** | $188838 | $172390 | $170823 | $179687 | $**162632** | $179687 |

---

*Other Real Estate Owned*

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** |
| | **Sep 30,** | Jun 30, | Mar 31, | Dec 31, | Sep 30, |
| <u>(In thousands)</u> | **2025** | 2025 | 2025 | 2024 | 2024 |
| Balance at beginning of period | $**23615** | $22625 | $23116 | $13682 | $19731 |
| &nbsp;&nbsp;&nbsp;Disposals/resolved | **—** |  |  | (8545) | (9729) |
| &nbsp;&nbsp;&nbsp;Transfers in at fair value, less costs to sell | **1217** | 1315 |  | 17979 | 3680 |
| &nbsp;&nbsp;&nbsp;Fair value adjustments | **—** | (325) | (491) |  |  |
| **Balance at end of period** | $**24832** | $23615 | $22625 | $23116 | $13682 |
|  | **Period End** | **Period End** | **Period End** | **Period End** | **Period End** |
| <u>(In thousands)</u> | **Sep 30,** | Jun 30, | Mar 31, | Dec 31, | Sep 30, |
| **Balance by Property Type:** | **2025** | 2025 | 2025 | 2024 | 2024 |
| Residential real estate | $**—** | $— | $— | $— | $— |
| Commercial real estate | **24832** | 23615 | 22625 | 23116 | 13682 |
| &nbsp;&nbsp;**Total** | $**24832** | $23615 | $22625 | $23116 | $13682 |

---

&nbsp;&nbsp;&nbsp;&nbsp;

------

**TABLE 15: NON-INTEREST INCOME**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | Q3 2025 compared to <br>Q2 2025 | Q3 2025 compared to <br>Q2 2025 | Q3 2025 compared to <br>Q3 2024 | Q3 2025 compared to <br>Q3 2024 |
| | **Sep 30,** | Jun 30, | Mar 31, | Dec 31, | Sep 30, | Q3 2025 compared to <br>Q2 2025 | Q3 2025 compared to <br>Q2 2025 | Q3 2025 compared to <br>Q3 2024 | Q3 2025 compared to <br>Q3 2024 |
| <u>(Dollars in thousands)</u> | **2025** | 2025 | 2025 | 2024 | 2024 | $ Change | % Change | $ Change | % Change |
| Brokerage | $**4426** | $4212 | $4757 | $5328 | $6139 | $214 | 5% | $(1713) | (28)% |
| Trust and asset management | **32762** | 32609 | 29285 | 33447 | 31085 | 153 | 0 | 1677 | 5 |
| &nbsp;&nbsp;&nbsp;Total wealth management | **37188** | 36821 | 34042 | 38775 | 37224 | 367 | 1 | (36) | 0 |
| Mortgage banking | **24451** | 23170 | 20529 | 20452 | 15974 | 1281 | 6 | 8477 | 53 |
| Service charges on deposit accounts | **19825** | 19502 | 19362 | 18864 | 16430 | 323 | 2 | 3395 | 21 |
| Gains (losses) on investment securities, net | **2972** | 650 | 3196 | (2835) | 3189 | 2322 | NM | (217) | (7) |
| Fees from covered call options | **5619** | 5624 | 3446 | 2305 | 988 | (5) | 0 | 4631 | NM |
| Trading gains (losses), net | **172** | 151 | (64) | (113) | (130) | 21 | 14 | 302 | NM |
| Operating lease income, net | **15466** | 15166 | 15287 | 15327 | 15335 | 300 | 2 | 131 | 1 |
| Other: |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest rate swap fees | **3909** | 3010 | 2269 | 3360 | 2914 | 899 | 30 | 995 | 34 |
| &nbsp;&nbsp;&nbsp;BOLI | **1591** | 2257 | 796 | 1236 | 1517 | (666) | (30) | 74 | 5 |
| &nbsp;&nbsp;&nbsp;Administrative services | **1240** | 1315 | 1393 | 1347 | 1450 | (75) | (6) | (210) | (14) |
| &nbsp;&nbsp;&nbsp;Foreign currency remeasurement (losses) gains | **(416)** | 658 | (183) | (682) | 696 | (1074) | NM | (1112) | NM |
| &nbsp;&nbsp;&nbsp;Changes in fair value on EBOs and loans held-for-investment | **1452** | 172 | 383 | 129 | 518 | 1280 | NM | 934 | NM |
| &nbsp;&nbsp;&nbsp;Early pay-offs of capital leases | **519** | 400 | 768 | 514 | 532 | 119 | 30 | (13) | (2) |
| &nbsp;&nbsp;&nbsp;Miscellaneous | **16839** | 15193 | 15410 | 14772 | 16510 | 1646 | 11 | 329 | 2 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total Other | **25134** | 23005 | 20836 | 20676 | 24137 | 2129 | 9 | 997 | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Non-Interest Income | $**130827** | $124089 | $116634 | $113451 | $113147 | $6738 | 5% | $17680 | 16% |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Nine Months Ended** | **Nine Months Ended** | Q3 2025 compared to Q3 2024  | Q3 2025 compared to Q3 2024  |
| | **Sep 30,** | Sep 30, | Q3 2025 compared to Q3 2024  | Q3 2025 compared to Q3 2024  |
| <u>(Dollars in thousands)</u> | **2025** | 2024 | $ Change | % Change |
| Brokerage | $**13395** | $17283 | $(3888) | (22)% |
| Trust and asset management | **94656** | 90169 | 4487 | 5 |
| &nbsp;&nbsp;&nbsp;Total wealth management | **108051** | 107452 | 599 | 1 |
| Mortgage banking | **68150** | 72761 | (4611) | (6) |
| Service charges on deposit accounts | **58689** | 46787 | 11902 | 25 |
| Gains on investment securities, net | **6818** | 233 | 6585 | NM |
| Fees from covered call options | **14689** | 7891 | 6798 | 86 |
| Trading gains, net | **259** | 617 | (358) | (58) |
| Operating lease income, net | **45919** | 43383 | 2536 | 6 |
| Other: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest rate swap fees | **9188** | 9134 | 54 | 1 |
| &nbsp;&nbsp;&nbsp;BOLI | **4644** | 4519 | 125 | 3 |
| &nbsp;&nbsp;&nbsp;Administrative services | **3948** | 3989 | (41) | (1) |
| &nbsp;&nbsp;&nbsp;Foreign currency remeasurement gains (losses) | **59** | (620) | 679 | NM |
| &nbsp;&nbsp;&nbsp;Changes in fair value on EBOs and loans held-for-investment | **2007** | 683 | 1324 | NM |
| &nbsp;&nbsp;&nbsp;Early pay-offs of capital leases | **1687** | 1355 | 332 | 25 |
| &nbsp;&nbsp;&nbsp;Miscellaneous | **47442** | 76690 | (29248) | (38) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total Other | **68975** | 95750 | (26775) | (28) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Non-Interest Income | $**371550** | $374874 | $(3324) | (1)% |

---

*NM - Not meaningful.*

*BOLI - Bank-owned life insurance.*

*EBO - Early buy-out.*

------

**TABLE 16: MORTGAGE BANKING**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** |
| <u>(Dollars in thousands)</u> | **Sep 30,<br>2025** | Jun 30,<br>2025 | Mar 31,<br>2025 | Dec 31,<br>2024 | Sep 30,<br>2024 |
| **Originations:** |  |  |  |  |  |
| Retail originations | $**505793** | $523759 | $348468 | $483424 | $527408 |
| Veterans First originations | **137600** | 157787 | 111985 | 176914 | 239369 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total originations for sale (A) | $**643393** | $681546 | $460453 | $660338 | $766777 |
| Originations for investment | **351012** | 422926 | 217177 | 355119 | 218984 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total originations | $**994405** | $1104472 | $677630 | $1015457 | $985761 |
| **As a percentage of originations for sale:** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Retail originations | **79%** | 77% | 76% | 73% | 69% |
| &nbsp;&nbsp;&nbsp;Veterans First originations | **21** | 23 | 24 | 27 | 31 |
| &nbsp;&nbsp;&nbsp;Purchases | **77%** | 74% | 77% | 65% | 72% |
| &nbsp;&nbsp;&nbsp;Refinances | **23** | 26 | 23 | 35 | 28 |
| **Production Margin:** |  |  |  |  |  |
| Production revenue (B) <sup>(1)</sup> | $**15388** | $13380 | $9941 | $6993 | $13113 |
| Total originations for sale (A) | $**643393** | $681546 | $460453 | $660338 | $766777 |
| Add: Current period end mandatory interest rate lock commitments to fund originations for sale <sup>(2)</sup> | **307932** | 163664 | 197297 | 103946 | 272072 |
| Less: Prior period end mandatory interest rate lock commitments to fund originations for sale <sup>(2)</sup> | **163664** | 197297 | 103946 | 272072 | 222738 |
| Total mortgage production volume (C) | $**787661** | $647913 | $553804 | $492212 | $816111 |
| Production margin (B / C) | **1.95%** | 2.07% | 1.80% | 1.42% | 1.61% |
| **Mortgage Servicing:** |  |  |  |  |  |
| Loans serviced for others (D) | $**12524131** | $12470924 | $12402352 | $12400913 | $12253361 |
| Mortgage Servicing Rights ("MSR"), at fair value (E) | **190938** | 193061 | 196307 | 203788 | 186308 |
| Percentage of MSRs to loans serviced for others (E / D) | **1.52%** | 1.55% | 1.58% | 1.64% | 1.52% |
| Servicing income | $**10112** | $10520 | $10611 | $10731 | $10809 |
| **MSR Fair Value Asset Activity** |  |  |  |  |  |
| MSR - FV at Beginning of Period | $**193061** | $196307 | $203788 | $186308 | $204610 |
| MSR - current period capitalization | **5829** | 6336 | 4669 | 10010 | 6357 |
| MSR - collection of expected cash flows - paydowns | **(1554)** | (1516) | (1590) | (1463) | (1598) |
| MSR - collection of expected cash flows - payoffs and repurchases | **(4050)** | (4100) | (3046) | (4315) | (5730) |
| MSR - changes in fair value model assumptions | **(2348)** | (3966) | (7514) | 13248 | (17331) |
| &nbsp;&nbsp;&nbsp;MSR Fair Value at end of period | $**190938** | $193061 | $196307 | $203788 | $186308 |
| **Summary of Mortgage Banking Revenue:** |  |  |  |  |  |
| **Operational:** |  |  |  |  |  |
| Production revenue <sup>(1)</sup> | $**15388** | $13380 | $9941 | $6993 | $13113 |
| MSR - Current period capitalization | **5829** | 6336 | 4669 | 10010 | 6357 |
| MSR - Collection of expected cash flows - paydowns | **(1554)** | (1516) | (1590) | (1463) | (1598) |
| MSR - Collection of expected cash flows - pay offs | **(4050)** | (4100) | (3046) | (4315) | (5730) |
| Servicing Income | **10112** | 10520 | 10611 | 10731 | 10809 |
| Other Revenue | **(345)** | (79) | (172) | (51) | (67) |
| &nbsp;&nbsp;&nbsp;Total operational mortgage banking revenue | $**25380** | $24541 | $20413 | $21905 | $22884 |
| **Fair Value:** |  |  |  |  |  |
| MSR - changes in fair value model assumptions | $**(2348)** | $(3966) | $(7514) | $13248 | $(17331) |
| Gain (loss) on derivative contract held as an economic hedge, net | **265** | 2535 | 4897 | (11452) | 6892 |
| Changes in FV on early buy-out loans guaranteed by US Govt (HFS) | **1154** | 60 | 2733 | (3249) | 3529 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total fair value mortgage banking revenue | $**(929)** | $(1371) | $116 | $(1453) | $(6910) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total mortgage banking revenue | $**24451** | $23170 | $20529 | $20452 | $15974 |

---

*(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.*

------

---

| | | |
|:---|:---|:---|
| | **Nine Months Ended** | **Nine Months Ended** |
| <u>(Dollars in thousands)</u> | **Sep 30,<br>2025** | Sep 30,<br>2024 |
| **Originations:** |  |  |
| Retail originations | $**1378020** | $1403306 |
| Veterans First originations | **407372** | 561270 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total originations for sale (A) | $**1785392** | $1964576 |
| Originations for investment | **991115** | 663561 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total originations | $**2776507** | $2628137 |
| **As a percentage of originations for sale:** |  |  |
| &nbsp;&nbsp;&nbsp;Retail originations | **77%** | 71% |
| &nbsp;&nbsp;&nbsp;Veterans First originations | **23** | 29 |
| &nbsp;&nbsp;&nbsp;Purchases | **76%** | 78% |
| &nbsp;&nbsp;&nbsp;Refinances | **24** | 22 |
| **Production Margin:** |  |  |
| Production revenue (B) <sup>(1)</sup> | $**38709** | $41538 |
| Total originations for sale (A) | $**1785392** | $1964576 |
| Add: Current period end mandatory interest rate lock commitments to fund originations for sale <sup>(2)</sup> | **307932** | 272072 |
| Less: Prior period end mandatory interest rate lock commitments to fund originations for sale <sup>(2)</sup> | **103946** | 119624 |
| Total mortgage production volume (C) | $**1989378** | $2117024 |
| Production margin (B / C) | **1.95%** | 1.96% |
| **Mortgage Servicing:** |  |  |
| Loans serviced for others (D) | $**12524131** | $12253361 |
| MSRs, at fair value (E) | **190938** | 186308 |
| Percentage of MSRs to loans serviced for others (E / D) | **1.52%** | 1.52% |
| Servicing income | $**31243** | $31893 |
| **MSR Fair Value Asset Activity** |  |  |
| MSR - FV at Beginning of Period | $**203788** | $192456 |
| MSR - current period capitalization | **16834** | 19959 |
| MSR - collection of expected cash flows - paydowns | **(4660)** | (4546) |
| MSR - collection of expected cash flows - payoffs and repurchases | **(11196)** | (12702) |
| MSR - changes in fair value model assumptions | **(13828)** | (8859) |
| &nbsp;&nbsp;&nbsp;MSR Fair Value at end of period | $**190938** | $186308 |
| **Summary of Mortgage Banking Revenue:** |  |  |
| **Operational:** |  |  |
| Production revenue <sup>(1)</sup> | $**38709** | $41538 |
| MSR - Current period capitalization | **16834** | 19959 |
| MSR - Collection of expected cash flows - paydowns | **(4660)** | (4546) |
| MSR - Collection of expected cash flows - pay offs | **(11196)** | (12702) |
| Servicing Income | **31243** | 31893 |
| Other Revenue | **(596)** | (46) |
| &nbsp;&nbsp;&nbsp;Total operational mortgage banking revenue | $**70334** | $76096 |
| **Fair Value:** |  |  |
| MSR - changes in fair value model assumptions | $**(13828)** | $(8859) |
| Gain on derivative contract held as an economic hedge, net | **7697** | 3543 |
| Changes in FV on early buy-out loans guaranteed by US Govt (HFS) | **3947** | 1981 |
| &nbsp;&nbsp;&nbsp;&nbsp; Total fair value mortgage banking revenue | $**(2184)** | $(3335) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total mortgage banking revenue | $**68150** | $72761 |

---

*(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.*

------

**TABLE 17: NON-INTEREST EXPENSE**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | Q3 2025 compared to <br>Q2 2025 | Q3 2025 compared to <br>Q2 2025 | Q3 2025 compared to <br>Q3 2024 | Q3 2025 compared to <br>Q3 2024 |
| | **Sep 30,** | Jun 30, | Mar 31, | Dec 31, | Sep 30, | Q3 2025 compared to <br>Q2 2025 | Q3 2025 compared to <br>Q2 2025 | Q3 2025 compared to <br>Q3 2024 | Q3 2025 compared to <br>Q3 2024 |
| <u>(Dollars in thousands)</u> | **2025** | 2025 | 2025 | 2024 | 2024 | $ Change | % Change | $ Change | % Change |
| Salaries and employee benefits: |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Salaries | $**124623** | $123174 | $123917 | $120969 | $118971 | $1449 | 1% | $5652 | 5% |
| &nbsp;&nbsp;&nbsp;Commissions and incentive compensation | **56244** | 55871 | 52536 | 54792 | 57575 | 373 | 1 | (1331) | (2) |
| &nbsp;&nbsp;&nbsp;Benefits | **38801** | 40496 | 35073 | 36372 | 34715 | (1695) | (4) | 4086 | 12 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total salaries and employee benefits | **219668** | 219541 | 211526 | 212133 | 211261 | 127 | 0 | 8407 | 4 |
| Software and equipment | **35027** | 36522 | 34717 | 34258 | 31574 | (1495) | (4) | 3453 | 11 |
| Operating lease equipment | **10409** | 10757 | 10471 | 10263 | 10518 | (348) | (3) | (109) | (1) |
| Occupancy, net | **20809** | 20228 | 20778 | 20597 | 19945 | 581 | 3 | 864 | 4 |
| Data processing | **11329** | 12110 | 11274 | 10957 | 9984 | (781) | (6) | 1345 | 13 |
| Advertising and marketing | **19027** | 18761 | 12272 | 13097 | 18239 | 266 | 1 | 788 | 4 |
| Professional fees | **7465** | 9243 | 9044 | 11334 | 9783 | (1778) | (19) | (2318) | (24) |
| Amortization of other acquisition-related intangible assets | **5196** | 5580 | 5618 | 5773 | 4042 | (384) | (7) | 1154 | 29 |
| FDIC insurance | **11418** | 10971 | 10926 | 10640 | 10512 | 447 | 4 | 906 | 9 |
| OREO expense, net | **262** | 505 | 643 | 397 | (938) | (243) | (48) | 1200 | NM |
| Other: |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Lending expenses, net of deferred origination costs | **6169** | 4869 | 5866 | 6448 | 4995 | 1300 | 27 | 1174 | 24 |
| &nbsp;&nbsp;&nbsp;Travel and entertainment | **6029** | 6026 | 5270 | 8140 | 5364 | 3 | 0 | 665 | 12 |
| &nbsp;&nbsp;&nbsp;Miscellaneous | **27220** | 26348 | 27685 | 24502 | 25408 | 872 | 3 | 1812 | 7 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total other | **39418** | 37243 | 38821 | 39090 | 35767 | 2175 | 6 | 3651 | 10 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Non-Interest Expense** | $**380028** | $381461 | $366090 | $368539 | $360687 | $(1433) | 0% | $19341 | 5% |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Nine Months Ended** | **Nine Months Ended** | Q3 2025 compared to Q3 2024  | Q3 2025 compared to Q3 2024  |
| | **Sep 30,** | Sep 30, | Q3 2025 compared to Q3 2024  | Q3 2025 compared to Q3 2024  |
| <u>(Dollars in thousands)</u> | **2025** | 2024 | $ Change | % Change |
| Salaries and employee benefits: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Salaries | $**371714** | $345003 | $26711 | 8% |
| &nbsp;&nbsp;&nbsp;Commissions and incentive compensation | **164651** | 160727 | 3924 | 2 |
| &nbsp;&nbsp;&nbsp;Benefits | **114370** | 99245 | 15125 | 15 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total salaries and employee benefits | **650735** | 604975 | 45760 | 8 |
| Software and equipment | **106266** | 88536 | 17730 | 20 |
| Operating lease equipment | **31637** | 32035 | (398) | (1) |
| Occupancy, net | **61815** | 58616 | 3199 | 5 |
| Data processing | **34713** | 28779 | 5934 | 21 |
| Advertising and marketing | **50060** | 48715 | 1345 | 3 |
| Professional fees | **25752** | 29303 | (3551) | (12) |
| Amortization of other acquisition-related intangible assets | **16394** | 6322 | 10072 | NM |
| FDIC insurance | **33315** | 30322 | 2993 | 10 |
| FDIC insurance - special assessment | **—** | 5156 | (5156) | (100) |
| OREO expense, net | **1410** | (805) | 2215 | NM |
| Other: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Lending expenses, net of deferred origination costs | **16904** | 15408 | 1496 | 10 |
| &nbsp;&nbsp;&nbsp;Travel and entertainment | **17325** | 15301 | 2024 | 13 |
| &nbsp;&nbsp;&nbsp;Miscellaneous | **81253** | 71522 | 9731 | 14 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total other | **115482** | 102231 | 13251 | 13 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Non-Interest Expense** | $**1127579** | $1034185 | $93394 | 9% |

---

*NM - Not meaningful.*

------

**TABLE 18: SUPPLEMENTAL NON-GAAP FINANCIAL MEASURES/RATIOS**

The accounting and reporting policies of Wintrust conform to generally accepted accounting principles ("GAAP") in the United States and prevailing practices in the banking industry. However, certain non-GAAP performance measures and ratios are used by management to evaluate and measure the Company's performance. These include taxable-equivalent net interest income (including its individual components), taxable-equivalent net interest margin (including its individual components), the taxable-equivalent efficiency ratio, tangible common equity ratio, tangible book value per common share, return on average tangible common equity, and pre-tax income, excluding provision for credit losses. Management believes that these measures and ratios provide users of the Company's financial information a more meaningful view of the performance of the Company's interest-earning assets and interest-bearing liabilities and of the Company's operating efficiency. Other financial holding companies may define or calculate these measures and ratios differently.

Management reviews yields on certain asset categories and the net interest margin of the Company and its banking subsidiaries on a fully taxable-equivalent basis ("FTE"). In this non-GAAP presentation, net interest income is adjusted to reflect tax-exempt interest income on an equivalent before-tax basis using tax rates effective as of the end of the period. This measure ensures comparability of net interest income arising from both taxable and tax-exempt sources. Net interest income on a FTE basis is also used in the calculation of the Company's efficiency ratio. The efficiency ratio, which is calculated by dividing non-interest expense by total taxable-equivalent net revenue (less securities gains or losses), measures how much it costs to produce one dollar of revenue. Securities gains or losses are excluded from this calculation to better match revenue from daily operations to operational expenses. Management considers the tangible common equity ratio and tangible book value per common share as useful measurements of the Company's equity. The Company references the return on average tangible common equity as a measurement of profitability. Management considers pre-tax income, excluding provision for credit losses, as a useful measurement of the Company's core net income.

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Nine Months Ended** | **Nine Months Ended** |
| | **Sep 30,** | Jun 30, | Mar 31, | Dec 31, | Sep 30, | **Sep 30,** | Sep 30, |
| <u>(Dollars and shares in thousands)</u> | **2025** | 2025 | 2025 | 2024 | 2024 | **2025** | 2024 |
| **Reconciliation of Non-GAAP Net Interest Margin and Efficiency Ratio:** | **Reconciliation of Non-GAAP Net Interest Margin and Efficiency Ratio:** | **Reconciliation of Non-GAAP Net Interest Margin and Efficiency Ratio:** | **Reconciliation of Non-GAAP Net Interest Margin and Efficiency Ratio:** | **Reconciliation of Non-GAAP Net Interest Margin and Efficiency Ratio:** | **Reconciliation of Non-GAAP Net Interest Margin and Efficiency Ratio:** |  |  |
| **(A) Interest Income (GAAP)** | $**963834** | $920908 | $886965 | $913501 | $908604 | $**2771707** | $2564096 |
| Taxable-equivalent adjustment: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; - Loans | **2154** | 2200 | 2206 | 2352 | 2474 | **6560** | 7025 |
| &nbsp;&nbsp;&nbsp; - Liquidity Management Assets | **675** | 680 | 690 | 716 | 668 | **2045** | 1785 |
| &nbsp;&nbsp;&nbsp; - Other Earning Assets | **—** |  | 3 | 2 | 2 | **3** | 10 |
| **(B) Interest Income (non-GAAP)** | $**966663** | $923788 | $889864 | $916571 | $911748 | $**2780315** | $2572916 |
| **(C) Interest Expense (GAAP)** | **396824** | 374214 | 360491 | 388353 | 406021 | **1131529** | 1126709 |
| **(D) Net Interest Income (GAAP) (A minus C)** | **567010** | 546694 | 526474 | 525148 | 502583 | **1640178** | 1437387 |
| **(E) Net Interest Income (non-GAAP) (B minus C)** | **569839** | 549574 | 529373 | 528218 | 505727 | **1648786** | 1446207 |
| **Net interest margin (GAAP)** | **3.48%** | 3.52% | 3.54% | 3.49% | 3.49% | **3.51%** | 3.52% |
| **Net interest margin, fully taxable-equivalent (non-GAAP)** | **3.50** | 3.54 | 3.56 | 3.51 | 3.51 | **3.53** | 3.54 |
| (F) Non-interest income | $**130827** | $124089 | $116634 | $113451 | $113147 | $**371550** | $374874 |
| (G) Gains (losses) on investment securities, net | **2972** | 650 | 3196 | (2835) | 3189 | **6818** | 233 |
| (H) Non-interest expense | **380028** | 381461 | 366090 | 368539 | 360687 | **1127579** | 1034185 |
| **Efficiency ratio (H/(D+F-G))** | **54.69%** | 56.92% | 57.21% | 57.46% | 58.88% | **56.24%** | 57.07% |
| **Efficiency ratio (non-GAAP) (H/(E+F-G))** | **54.47** | 56.68 | 56.95 | 57.18 | 58.58 | **56.00** | 56.80 |

---

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Nine Months Ended** | **Nine Months Ended** |
| | **Sep 30,** | Jun 30, | Mar 31, | Dec 31, | Sep 30, | **Sep 30,** | Sep 30, |
| <u>(Dollars and shares in thousands)</u> | **2025** | 2025 | 2025 | 2024 | 2024 | **2025** | 2024 |
| **Reconciliation of Non-GAAP Tangible Common Equity Ratio:** | **Reconciliation of Non-GAAP Tangible Common Equity Ratio:** | **Reconciliation of Non-GAAP Tangible Common Equity Ratio:** | **Reconciliation of Non-GAAP Tangible Common Equity Ratio:** | **Reconciliation of Non-GAAP Tangible Common Equity Ratio:** | **Reconciliation of Non-GAAP Tangible Common Equity Ratio:** |  |  |
| Total shareholders' equity (GAAP) | $**7045757** | $7225696 | $6600537 | $6344297 | $6399714 |  |  |
| Less: Non-convertible preferred stock (GAAP) | **(425000)** | (837500) | (412500) | (412500) | (412500) |  |  |
| Less: Acquisition-related intangible assets (GAAP) | **(902936)** | (908639) | (913004) | (918632) | (924646) |  |  |
| &nbsp;&nbsp;&nbsp;(I) Total tangible common shareholders' equity (non-GAAP) | $**5717821** | $5479557 | $5275033 | $5013165 | $5062568 |  |  |
| (J) Total assets (GAAP) | $**69629638** | $68983318 | $65870066 | $64879668 | $63788424 |  |  |
| Less: Intangible assets (GAAP) | **(902936)** | (908639) | (913004) | (918632) | (924646) |  |  |
| &nbsp;&nbsp;&nbsp;(K) Total tangible assets (non-GAAP) | $**68726702** | $68074679 | $64957062 | $63961036 | $62863778 |  |  |
| **Common equity to assets ratio (GAAP) (L/J)** | **9.5%** | 9.3% | 9.4% | 9.1% | 9.4% |  |  |
| **Tangible common equity ratio (non-GAAP) (I/K)** | **8.3** | 8.0 | 8.1 | 7.8 | 8.1 |  |  |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Reconciliation of Non-GAAP Tangible Book Value per Common Share:** | **Reconciliation of Non-GAAP Tangible Book Value per Common Share:** | **Reconciliation of Non-GAAP Tangible Book Value per Common Share:** | **Reconciliation of Non-GAAP Tangible Book Value per Common Share:** | **Reconciliation of Non-GAAP Tangible Book Value per Common Share:** | **Reconciliation of Non-GAAP Tangible Book Value per Common Share:** | | |
| Total shareholders' equity | $**7045757** | $7225696 | $6600537 | $6344297 | $6399714 |  |  |
| Less: Preferred stock | **(425000)** | (837500) | (412500) | (412500) | (412500) |  |  |
| &nbsp;&nbsp;&nbsp;(L) Total common equity | $**6620757** | $6388196 | $6188037 | $5931797 | $5987214 |  |  |
| (M) Actual common shares outstanding | **66961** | 66938 | 66919 | 66495 | 66482 |  |  |
| **Book value per common share (L/M)** | $**98.87** | $95.43 | $92.47 | $89.21 | $90.06 |  |  |
| **Tangible book value per common share (non-GAAP) (I/M)** | **85.39** | 81.86 | 78.83 | 75.39 | 76.15 |  |  |
| **Reconciliation of Non-GAAP Return on Average Tangible Common Equity:** | **Reconciliation of Non-GAAP Return on Average Tangible Common Equity:** | **Reconciliation of Non-GAAP Return on Average Tangible Common Equity:** | **Reconciliation of Non-GAAP Return on Average Tangible Common Equity:** | **Reconciliation of Non-GAAP Return on Average Tangible Common Equity:** | **Reconciliation of Non-GAAP Return on Average Tangible Common Equity:** |  |  |
| (N) Net income applicable to common shares | $**188913** | $188536 | $182048 | $178371 | $163010 | $**559497** | $488710 |
| Add: Acquisition-related intangible asset amortization | **5196** | 5580 | 5618 | 5773 | 4042 | **16394** | 6322 |
| Less: Tax effect of acquisition-related intangible asset amortization | **(1403)** | (1495) | (1421) | (1547) | (1087) | **(4328)** | (1682) |
| &nbsp;&nbsp;&nbsp;After-tax Acquisition-related intangible asset amortization | $**3793** | $4085 | $4197 | $4226 | $2955 | $**12066** | $4640 |
| &nbsp;&nbsp;&nbsp;&nbsp;(O) Tangible net income applicable to common shares (non-GAAP) | $**192706** | $192621 | $186245 | $182597 | $165965 | $**571563** | $493350 |
| Total average shareholders' equity | $**6955543** | $6862040 | $6460941 | $6418403 | $5990429 | $**6761319** | $5628346 |
| Less: Average preferred stock | **(483288)** | (599313) | (412500) | (412500) | (412500) | **(498626)** | (412500) |
| &nbsp;&nbsp;&nbsp;(P) Total average common shareholders' equity | $**6472255** | $6262727 | $6048441 | $6005903 | $5577929 | $**6262693** | $5215846 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less: Average acquisition-related intangible assets | **(906032)** | (910924) | (916069) | (921438) | (833574) | **(910972)** | (730216) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Q) Total average tangible common shareholders' equity (non-GAAP) | $**5566223** | $5351803 | $5132372 | $5084465 | $4744355 | $**5351721** | $4485630 |
| **Return on average common equity, annualized (N/P)** | **11.58%** | 12.07% | 12.21% | 11.82% | 11.63% | **11.94%** | 12.52% |
| **Return on average tangible common equity, annualized (non-GAAP) (O/Q)** | **13.74** | 14.44 | 14.72 | 14.29 | 13.92 | **14.28** | 14.69 |
| **Reconciliation of Non-GAAP Pre-Tax, Pre-Provision Income:** | **Reconciliation of Non-GAAP Pre-Tax, Pre-Provision Income:** | **Reconciliation of Non-GAAP Pre-Tax, Pre-Provision Income:** | **Reconciliation of Non-GAAP Pre-Tax, Pre-Provision Income:** | **Reconciliation of Non-GAAP Pre-Tax, Pre-Provision Income:** |  |  |  |
| Income before taxes | $**296041** | $267088 | $253055 | $253081 | $232709 | $**816184** | $694008 |
| Add: Provision for credit losses | **21768** | 22234 | 23963 | 16979 | 22334 | **67965** | 84068 |
| **Pre-tax income, excluding provision for credit losses (non-GAAP)** | $**317809** | $289322 | $277018 | $270060 | $255043 | $**884149** | $778076 |

---

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Nine Months Ended** | **Nine Months Ended** |
| | **Sep 30,** | Jun 30, | Mar 31, | Dec 31, | Sep 30, | **Sep 30,** | Sep 30, |
| <u>(Dollars and shares in thousands, except per share data)</u> | **2025** | 2025 | 2025 | 2024 | 2024 | **2025** | 2024 |
| **Reconciliation of Non-GAAP Net Income per Common Share:** | **Reconciliation of Non-GAAP Net Income per Common Share:** | **Reconciliation of Non-GAAP Net Income per Common Share:** | **Reconciliation of Non-GAAP Net Income per Common Share:** | **Reconciliation of Non-GAAP Net Income per Common Share:** |  |  |  |
| **Net income** | $**216254** | $195527 | $189039 | $185362 | $170001 | $**600820** | $509683 |
| Preferred stock dividends | **13295** | 6991 | 6991 | 6991 | 6991 | **27277** | 20973 |
| Preferred stock redemption | **14046** |  |  |  |  | **14046** |  |
| **(R) Net income applicable to common shares** | $**188913** | $188536 | $182048 | $178371 | $163010 | $**559497** | $488710 |
| (S) Weighted average common shares outstanding | **66952** | 66931 | 66726 | 66491 | 64888 | **66871** | 62743 |
| Dilutive potential common shares | **1028** | 888 | 923 | 1233 | 1053 | **945** | 934 |
| (T) Average common shares and dilutive common shares | **67980** | 67819 | 67649 | 67724 | 65941 | **67816** | 63677 |
| **Net income per common share - Basic (R/S)** | $**2.82** | $2.82 | $2.73 | $2.68 | $2.51 | $**8.37** | $7.79 |
| **Net income per common share - Diluted (R/T)** | $**2.78** | $2.78 | $2.69 | $2.63 | $2.47 | $**8.25** | $7.67 |
| Preferred stock series F excess one-time extended first dividend | $**4927** | $— | $— | $— | $— | $**4927** | $— |
| Preferred stock redemption | **14046** |  |  |  |  | **14046** |  |
| **(U) Total non-recurring preferred stock offering impact (non-GAAP)** | $**18973** | $— | $— | $— | $— | $**18973** | $— |
| **Net income per common share - Basic (non-GAAP) (R+U)/S** | $**3.11** | $2.82 | $2.73 | $2.68 | $2.51 | $**8.65** | $7.79 |
| **Net income per common share - Diluted (non-GAAP) (R+U)/T** | $**3.06** | $2.78 | $2.69 | $2.63 | $2.47 | $**8.53** | $7.67 |

---

------

**WINTRUST SUBSIDIARIES** 

Wintrust is a financial holding company whose common stock is traded on the Nasdaq Global Select Market (Nasdaq: WTFC) that operates bank retail locations in the greater Chicago, southern Wisconsin, west Michigan, northwest Indiana, and southwest Florida market areas. Its 16 community bank subsidiaries are: Barrington Bank & Trust Company, N.A., Beverly Bank & Trust Company, N.A., Crystal Lake Bank & Trust Company, N.A., Hinsdale Bank & Trust Company, N.A., Lake Forest Bank & Trust Company, N.A., Libertyville Bank & Trust Company, N.A., Macatawa Bank, N.A., Northbrook Bank & Trust Company, N.A., Old Plank Trail Community Bank, N.A., Schaumburg Bank & Trust Company, N.A., St. Charles Bank & Trust Company, N.A., State Bank of The Lakes, N.A., Town Bank, N.A., Village Bank & Trust, N.A., Wheaton Bank & Trust Company, N.A., and Wintrust Bank, N.A.

Additionally, the Company operates various non-bank businesses:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• FIRST Insurance Funding and Wintrust Life Finance, each a division of Lake Forest Bank & Trust Company, N.A., serve commercial and life insurance loan customers, respectively, throughout the United States.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• First Insurance Funding of Canada serves commercial insurance loan customers throughout Canada.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Tricom, Inc. of Milwaukee provides high-yielding, short-term accounts receivable financing and value-added out-sourced administrative services, such as data processing of payrolls, billing and cash management services, to temporary staffing service clients located throughout the United States.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Wintrust Mortgage, a division of Barrington Bank & Trust Company, N.A., engages primarily in the origination and purchase of residential mortgages for sale into the secondary market through origination offices located throughout the United States.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Wintrust Investments, LLC provides a full range of private client and brokerage services to clients and correspondent banks located primarily in the Midwest.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Great Lakes Advisors LLC provides money management services and advisory services to individual accounts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Wintrust Private Trust Company, N.A., a trust subsidiary, allows Wintrust to service customers' trust and investment needs at each banking location.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Wintrust Asset Finance offers direct leasing opportunities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• CDEC provides Qualified Intermediary services (as defined by U.S. Treasury regulations) for taxpayers seeking to structure tax-deferred like-kind exchanges under Internal Revenue Code Section 1031.

**FORWARD-LOOKING STATEMENTS**

This document contains forward-looking statements within the meaning of federal securities laws. Forward-looking information can be identified through the use of words such as "intend," "plan," "project," "expect," "anticipate," "believe," "estimate," "contemplate," "possible," "will," "may," "should," "would" and "could." Forward-looking statements and information are not historical facts, are premised on many factors and assumptions, and represent only management's expectations, estimates and projections regarding future events. Similarly, these statements are not guarantees of future performance and involve certain risks and uncertainties that are difficult to predict, and which may include, but are not limited to, those listed below and the Risk Factors discussed under Item 1A of the Company's 2024 Annual Report on Form 10-K and in any of the Company's subsequent SEC filings. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and is including this statement for purposes of invoking these safe harbor provisions. Such forward-looking statements may be deemed to include, among other things, statements relating to the Company's future financial performance, the performance of its loan portfolio, the expected amount of future credit reserves and charge-offs, delinquency trends, growth plans, regulatory developments, securities that the Company may offer from time to time, and management's long-term performance goals, as well as statements relating to the anticipated effects on the Company's financial condition and results of operations from expected developments or events, the Company's business and growth strategies, including future acquisitions of banks, specialty finance or wealth management businesses, internal growth and plans to form additional de novo banks or branch offices. Actual results could differ materially from those addressed in the forward-looking statements as a result of numerous factors, including the following:

• economic conditions and events that affect the economy, housing prices, the job market and other factors that may adversely affect the Company's liquidity and the performance of its loan portfolios, including an actual or threatened U.S. government shutdown, debt default or rating downgrade, particularly in the markets in which it operates;

• negative effects suffered by us or our customers resulting from changes in U.S. or international trade policies;

• the extent of defaults and losses on the Company's loan portfolio, which may require further increases in its allowance for credit losses;

• estimates of fair value of certain of the Company's assets and liabilities, which could change in value significantly from period to period;

• the financial success and economic viability of the borrowers of our commercial loans;

------

• commercial real estate market conditions in the Chicago metropolitan area, southern Wisconsin and west Michigan;

• the extent of commercial and consumer delinquencies and declines in real estate values, which may require further increases in the Company's allowance for credit losses;

• inaccurate assumptions in our analytical and forecasting models used to manage our loan portfolio;

• changes in the level and volatility of interest rates, the capital markets and other market indices that may affect, among other things, the Company's liquidity and the value of its assets and liabilities;

• the interest rate environment, including a prolonged period of low interest rates or rising interest rates, either broadly or for some types of instruments, which may affect the Company's net interest income and net interest margin, and which could materially adversely affect the Company's profitability;

• competitive pressures in the financial services business which may affect the pricing of the Company's loan and deposit products as well as its services (including wealth management services), which may result in loss of market share and reduced income from deposits, loans, advisory fees and income from other products;

• failure to identify and complete favorable acquisitions in the future or unexpected losses, difficulties or developments related to the Company's recent or future acquisitions;

• unexpected difficulties and losses related to FDIC-assisted acquisitions;

• harm to the Company's reputation;

• any negative perception of the Company's financial strength;

• ability of the Company to raise additional capital on acceptable terms when needed;

• disruption in capital markets, which may lower fair values for the Company's investment portfolio;

• ability of the Company to use technology to provide products and services that will satisfy customer demands and create efficiencies in operations and to manage risks associated therewith;

• failure or breaches of our security systems or infrastructure, or those of third parties;

• security breaches, including denial of service attacks, hacking, social engineering attacks, malware intrusion and similar events or data corruption attempts and identity theft;

• adverse effects on our information technology systems, or those of third parties, resulting from failures, human error or cyberattacks (including ransomware);

• adverse effects of failures by our vendors to provide agreed upon services in the manner and at the cost agreed, particularly our information technology vendors;

• increased costs as a result of protecting our customers from the impact of stolen debit card information;

• accuracy and completeness of information the Company receives about customers and counterparties to make credit decisions;

• ability of the Company to attract and retain senior management experienced in the banking and financial services industries;

• environmental liability risk associated with lending activities;

• the impact of any claims or legal actions to which the Company is subject, including any effect on our reputation;

• losses incurred in connection with repurchases and indemnification payments related to mortgages and increases in reserves associated therewith;

• the loss of customers as a result of technological changes allowing consumers to complete their financial transactions without the use of a bank;

• the soundness of other financial institutions and the impact of recent failures of financial institutions, including broader financial institution liquidity risk and concerns;

• the expenses and delayed returns inherent in opening new branches and de novo banks;

• liabilities, potential customer loss or reputational harm related to closings of existing branches;

• examinations and challenges by tax authorities, and any unanticipated impact of tax legislation;

• changes in accounting standards, rules and interpretations, and the impact on the Company's financial statements;

• the ability of the Company to receive dividends from its subsidiaries;

• a decrease in the Company's capital ratios, including as a result of declines in the value of its loan portfolios, or otherwise;

• legislative or regulatory changes, particularly changes in regulation of financial services companies and/or the products and services offered by financial services companies;

• changes in laws, regulations, rules, standards and contractual obligations regarding data privacy and cybersecurity;

• a lowering of our credit rating;

• changes in U.S. monetary policy and changes to the Federal Reserve's balance sheet, including changes in response to persistent inflation or otherwise;

• regulatory restrictions upon our ability to market our products to consumers and limitations on our ability to profitably operate our mortgage business;

• increased costs of compliance, heightened regulatory capital requirements and other risks associated with changes in regulation and the regulatory environment;

• the impact of heightened capital requirements;

• increases in the Company's FDIC insurance premiums, or the collection of special assessments by the FDIC;

------

• delinquencies or fraud with respect to the Company's premium finance business;

• credit downgrades among commercial and life insurance providers that could negatively affect the value of collateral securing the Company's premium finance loans;

• the Company's ability to comply with covenants under its credit facility;

• fluctuations in the stock market, which may have an adverse impact on the Company's wealth management business and brokerage operation; and

• widespread outages of operational, communication, or other systems, whether internal or provided by third parties, natural or other disasters (including acts of terrorism, armed hostilities and pandemics), and the effects of climate change.

Therefore, there can be no assurances that future actual results will correspond to these forward-looking statements. The reader is cautioned not to place undue reliance on any forward-looking statement made by the Company. Any such statement speaks only as of the date the statement was made or as of such date that may be referenced within the statement. The Company undertakes no obligation to update any forward-looking statement to reflect the impact of circumstances or events after the date of the press release. Persons are advised, however, to consult further disclosures management makes on related subjects in its reports filed with the Securities and Exchange Commission and in its press releases.

**CONFERENCE CALL, WEBCAST AND REPLAY**

The Company will hold a conference call on Tuesday, October 21, 2025 at 10:00 a.m. (CDT) regarding third quarter and year-to-date 2025 earnings results. Individuals interested in participating in the call by addressing questions to management should register for the call to receive the dial-in numbers and unique PIN at the Conference Call Link included within the Company's press release dated September 19, 2025 available at the Investor Relations, Investor News and Events, Press Releases link on its website at https://www.wintrust.com. A separate simultaneous audio-only webcast link is included within the press release referenced above. Registration for and a replay of the audio-only webcast with an accompanying slide presentation will be available at https://www.wintrust.com, Investor Relations, Investor News and Events, Presentations & Conference Calls. The text of the third quarter and year-to-date 2025 earnings press release will also be available on the home page of the Company's website at https://www.wintrust.com and at the Investor Relations, Investor News and Events, Press Releases link on its website.

## Exhibit 99.2

![](q3-2025earningsrelease001.jpg)

Earnings Release Presentation Q3 2025 Wintrust Financial Corporation

------

![](q3-2025earningsrelease002.jpg)

22 This document contains forward-looking statements within the meaning of federal securities laws. Forward-looking information can be identified through the use of words such as "intend," "plan," "project," "expect," "anticipate," "believe," "estimate," "contemplate," "possible," "will," "may," "should," "would" and "could." Forward-looking statements and information are not historical facts, are premised on many factors and assumptions, and represent only management's expectations, estimates and projections regarding future events. Similarly, these statements are not guarantees of future performance and involve certain risks and uncertainties that are difficult to predict, and which may include, but are not limited to, those listed below and the Risk Factors discussed under Item 1A of the Company's 2024 Annual Report on Form 10-K and in any of the Company's subsequent SEC filings. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and is including this statement for purposes of invoking these safe harbor provisions. Such forward-looking statements may be deemed to include, among other things, statements relating to the Company's future financial performance, the performance of its loan portfolio, the expected amount of future credit reserves and charge-offs, delinquency trends, growth plans, regulatory developments, securities that the Company may offer from time to time,the Company's business and growth strategies, including future acquisitions of banks, specialty finance or wealth management businesses, internal growth and plans to form additional de novo banks or branch offices, and management's long-term performance goals, as well as statements relating to the anticipated effects on the Company's financial condition and results of operations from expected developments or events. Actual results could differ materially from those addressed in the forward- looking statements as a result of numerous factors, including the following: • economic conditions and events that affect the economy, housing prices, the job market and other factors that may adversely affect the Company's liquidity and the performance of its loan portfolios, including an actual or threatened U.S. government shutdown, debt default or rating downgrade, particularly in the markets in which it operates; • negative effects suffered by us or our customers resulting from changes in U.S. or international trade policies; • the extent of defaults and losses on the Company's loan portfolio, which may require further increases in its allowance for credit losses; • estimates of fair value of certain of the Company's assets and liabilities, which could change in value significantly from period to period; • the financial success and economic viability of the borrowers of our commercial loans; • commercial real estate market conditions in the Chicago metropolitan area and southern Wisconsin; • the extent of commercial and consumer delinquencies and declines in real estate values, which may require further increases in the Company's allowance for credit losses; • inaccurate assumptions in our analytical and forecasting models used to manage our loan portfolio; • changes in the level and volatility of interest rates, the capital markets and other market indices that may affect, among other things, the Company's liquidity and the value of its assets and liabilities; • the interest rate environment, including a prolonged period of low interest rates or rising interest rates, either broadly or for some types of instruments, which may affect the Company's net interest income and net interest margin, and which could materially adversely affect the Company's profitability; • competitive pressures in the financial services business which may affect the pricing of the Company's loan and deposit products as well as its services (including wealth management services), which may result in loss of market share and reduced income from deposits, loans, advisory fees and income from other products; • failure to identify and complete favorable acquisitions in the future or unexpected losses, difficulties or developments related to the Company's recent or future acquisitions; • unexpected difficulties and losses related to FDIC-assisted acquisitions; • harm to the Company's reputation; • any negative perception of the Company's financial strength; • ability of the Company to raise additional capital on acceptable terms when needed; • disruption in capital markets, which may lower fair values for the Company's investment portfolio; • ability of the Company to use technology to provide products and services that will satisfy customer demands and create efficiencies in operations and to manage risks associated therewith; • failure or breaches of our security systems or infrastructure, or those of third parties; • security breaches, including denial of service attacks, hacking, social engineering attacks, malware intrusion and similar events or data corruption attempts and identity theft; • adverse effects on our information technology systems, or those of third parties, resulting from failures, human error or cyberattacks (including ransomware); Forward Looking Statements Pending

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![](q3-2025earningsrelease003.jpg)

33 • adverse effects of failures by our vendors to provide agreed upon services in the manner and at the cost agreed, particularly our information technology vendors; • increased costs as a result of protecting our customers from the impact of stolen debit card information; • accuracy and completeness of information the Company receives about customers and counterparties to make credit decisions; • ability of the Company to attract and retain senior management experienced in the banking and financial services industries; • environmental liability risk associated with lending activities; • the impact of any claims or legal actions to which the Company is subject, including any effect on our reputation; • losses incurred in connection with repurchases and indemnification payments related to mortgages and increases in reserves associated therewith; • the loss of customers as a result of technological changes allowing consumers to complete their financial transactions without the use of a bank; • the soundness of other financial institutions and the impact of recent failures of financial institutions, including broader financial institution liquidity risk and concerns; • the expenses and delayed returns inherent in opening new branches and de novo banks; • liabilities, potential customer loss or reputational harm related to closings of existing branches; • examinations and challenges by tax authorities, and any unanticipated impact of tax legislation; • changes in accounting standards, rules and interpretations, and the impact on the Company's financial statements; • the ability of the Company to receive dividends from its subsidiaries; • the impact of the Company's transition from LIBOR to an alternative benchmark rate for current and future transactions; • a decrease in the Company's capital ratios, including as a result of declines in the value of its loan portfolios, or otherwise; • legislative or regulatory changes, particularly changes in regulation of financial services companies and/or the products and services offered by financial services companies; • changes in laws, regulations, rules, standards and contractual obligations regarding data privacy and cybersecurity; • a lowering of our credit rating; • changes in U.S. monetary policy and changes to the Federal Reserve's balance sheet, including changes in response to persistent inflation or otherwise; • regulatory restrictions upon our ability to market our products to consumers and limitations on our ability to profitably operate our mortgage business; • increased costs of compliance, heightened regulatory capital requirements and other risks associated with changes in regulation and the regulatory environment; • the impact of heightened capital requirements; • increases in the Company's FDIC insurance premiums, or the collection of special assessments by the FDIC; • delinquencies or fraud with respect to the Company's premium finance business; • credit downgrades among commercial and life insurance providers that could negatively affect the value of collateral securing the Company's premium finance loans; • the Company's ability to comply with covenants under its credit facility; • fluctuations in the stock market, which may have an adverse impact on the Company's wealth management business and brokerage operation; and • widespread outages of operational, communication, or other systems, whether internal or provided by third parties, natural or other disasters (including acts of terrorism, armed hostilities and pandemics), and the effects of climate change could have an adverse effect on the Company's financial condition and results of operations, lead to material disruption of the Company's operations or the ability or willingness of clients to access the Company's products and services. Therefore, there can be no assurances that future actual results will correspond to these forward-looking statements. The reader is cautioned not to place undue reliance on any forward- looking statement made by the Company. Any such statement speaks only as of the date the statement was made or as of such date that may be referenced within the statement. The Company undertakes no obligation to update any forward-looking statement to reflect the impact of circumstances or events after the date of the press release and this presentation. Persons are advised, however, to consult further disclosures management makes on related subjects in its reports filed with the Securities and Exchange Commission and in its press releases and presentations. Forward Looking Statements Pending

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44 • Record net income of $600.8 million or $8.25 per diluted common share, for the first nine months of 2025, compared to net income of $509.7 million, or $7.67 per diluted common share for the same period of 2024 • Record September 2025 year-to-date net interest income of $1.6 billion was driven by strong earning asset growth. The Company's relative interest rate neutrality should allow the net interest margin to remain relatively stable in 2025 • Wintrust's tangible book value per common share (non-GAAP) increased to $85.39 as of September 30, 2025. Tangible book value per common share (non-GAAP) has increased every year since Wintrust became a public company in 1996 • Total loans increased by approximately $5.0 billion, or 11% compared to September 30, 2024, and was driven by strong organic growth across all of our product offerings Pre-Tax, Pre-Provision1 September 2025 Year-to-Date Highlights (Comparative to September 2024 Year-to-Date) Total DepositsTotal Assets Total Loans Net Income $69.6 billion +$5.8 billion or 9% $52.1 billion +$5.0 billion or 11% $56.7 billion +$5.3 billion or 10% $600.8 million +$91.1 million or 18% Update Format second box BV / TBV Net Interest Income Net Interest Margin $1.6 billion +$202.8 million or 14% (non-GAAP) $85.39 +$9.24 $884.1 million +$106.1 million or 14% Diluted EPS $8.25 +$0.58 or 8% Current EPS Prior EPS $2.78 2.78 $— PPNI Prior PPNI $317.8 289.3 $28.49 28500000 317,809 289,322 3 Bps: Basis Points 4 See Non-GAAP reconciliation in the Appendix 5 NPLs: Non-Performing Loans Metric Sep 2025 YTD Sep 2024 YTD Difference % Change Net Income $600,820 $509,683 $91,137 18 % Pre-Tax, Pre- Provision 884,149 778,076 $106,073 14 % Diluted EPS $8.25 $7.67 $0.58 8 % Net Interest Income 1,640,178 1,437,387 $202,791 14 % NIM 3.51 % 3.52 % (0.0100) % 58 TBV 85.39 76.15 $9.24 12 % Total Assets 69,629,638 63,788,424 $5,841,214 9 % Rounding support Total Loans 52,063,482 47,067,447 $4,996,035 11 % $4,976,035 Total Deposits 56,711,381 51,404,966 $5,306,415 10 % September 2025 Year-to-Date Takeaways 1 Pre-tax income, excluding provision for credit losses (non-GAAP) – See non-GAAP reconciliation in the Appendix (GAAP) $98.87 +$8.81 (non-GAAP) 3.53% -1 bp (GAAP) 3.51% -1 bp NIM FY GAAP NIM PY GAAP Change 3.51% 3.52% -1.00 NIM FY Non- GAAP NIM PY Non- GAAP Change 3.53% 3.54% -1.00 BV FY BV PY Change $98.87 $90.06 $8.81 TBV TBV PY Change 85.39 76.15 9.24

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55 • Record quarterly net income of $216.3 million • Q3 2025 net interest margin (non-GAAP) of 3.50% was four basis points lower than the prior quarter and within our targeted range. We expect to maintain a relatively stable net interest margin through the remainder of 2025 given the current market consensus outlook Q3 2025 Highlights (Comparative to Q2 2025) • Total loans increased by approximately $1.0 billion, or 8% annualized, and was driven primarily by growth across all loan categories • Total deposits increased by approximately $894.6 million, or 6% annualized, and was driven by our diversified product offerings Pre-Tax, Pre-Provision1 Diversified Balance Sheet Total DepositsTotal Assets Total Loans Net Income $69.6 billion +$646.3 million $52.1 billion +$1.0 billion $56.7 billion +$894.6 million $216.3 million +$20.7 million Strong Credit Quality • Non-performing loans totaled $163 million and comprised 0.31% of total loans at September 30, 2025, as compared to $189 million and 0.37% of total loans at June 30, 2025 • Allowance for credit losses on total core loans was 1.34% at September 30, 2025 • Net charge-offs of 19 basis points in the third quarter of 2025 Efficiency RatioReturn on Assets ROE / ROTCE 1.26% +7 bps (GAAP) 54.69% -223 bps $317.8 million +$28.5 million 1 Pre-tax income, excluding provision for credit losses (non-GAAP) – See non-GAAP reconciliation in the Appendix for all metrics denoted as non-GAAP 2 Q3 2025 Diluted EPS was impacted by one-time recognition of prior issuance costs related to the redeemed Preferred Stock Series D and Preferred Stock Series E as well as the excess dividend amount related to one-time extended first dividend period on Preferred Stock Series F. See Page 24 for further details. Diluted EPS2 $2.78 $0.00 Current EPS Prior EPS $2.78 2.78 $— PPNI Prior PPNI $317.8 289.3 $28.49 28500000 317,809 289,322 Stable Margin Supports Earnings (non-GAAP) 54.47% -221 bps Efficiency Ratio (GAAP) Current Q Efficiency Ratio (GAAP) Prior Q Efficiency Ratio (Non- GAAP) Current Q Efficiency Ratio (Non- GAAP) Prior Q 54.69 % 56.92 % 54.47 % 56.68 % % Change File does not have calc for GAAP numbers (221) Check -223.00 -221.00 (GAAP) 11.58% -49 bps (non-GAAP) 13.74% -70 bps Current ROE Prior ROE Current ROTCE Prior ROTCE 11.58 % 12.07 % 13.74 % 14.44 % (49) -70 PENDING 2 Shares issued for the acquisition of Macatawa increased average dilutive shares by 3,118,000 shares

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66 Diluted EPS Quarterly Trend Record Quarterly Pre-Tax Income, Excluding Provision for Credit Losses Record Quarterly Net Income $170.0 $185.4 $189.0 $195.5 $216.3 1.11% 1.16% 1.20% 1.19% 1.26% Net Income ROA Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 $2.47 $2.63 $2.69 $2.78 $2.78 Diluted EPS Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 $255.0 $270.1 $277.0 $289.3 $317.8 Pre-Tax Income, excluding Provision for Credit Losses (non-GAAP) Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 ($ in Millions) ($ in Millions) 1 See non-GAAP reconciliation in Appendix Q3 2025 Highlights Earnings Summary Differentiated, highly diversified and sustainable business model Manual Input - Highlights May Change QoQ • Record quarterly net income of $216.3 million supported by strong loan and deposit growth and a relatively stable net interest margin • Q3 2025 pre-tax income, excluding provision for credit losses (non- GAAP) totaled $317.8 million as compared to $289.3 million in the second quarter of 2025, a record for the Company 1The first quarter of 2024 includes FDIC special assessment of $5.2 million and net gain on sale of RBA of $19.3 million 1 1 1

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77 32% 26% 16% 17% 8% 1% Commercial Commercial Real Estate PFR - Property and Casualty Insurance PFR - Life Insurance Residential Real Estate All Other Loans $51,042 $157 $327 $195 $252 $90 $52,063 6/30/2025 Commercial Commercial Real Estate Residential Real Estate PFR - Life Insurance All Other Loans 9/30/2025 $47.1 $51.0 $52.1 6.90% 6.48% 6.44% Total Loans Average Total Loan Yield 9/30/2024 6/30/2025 9/30/2025 Year-over-Year Change $5.6B or 11% in Total Loans Loan Portfolio Diversified loan portfolio Loan Growth Across All Major Loan Categories ($ in Millions) Diversified Loan Mix (as of 9/30/2025) Robust Organic Loan Growth in the Third Quarter ($ in Billions) • Loan growth during the third quarter totaled $1.0 billion, or 8% on an annualized basis • Strong loan growth driven primarily by growth across all loan categories • Year-over-year loan growth of $5.0 billion, or 11%, driven by robust organic growth Highlights

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88 • Third quarter deposit growth totaling $0.9 billion or 6% annualized • Year-over-year deposit growth of $5.3 billion, or 10%, was supported by strong organic growth in our key markets • Non-interest bearing deposit balances have remained stable in recent quarters $55,817 $75 $714 $86 $(85) $104 $56,711 6/30/2025 Non-Interest- Bearing Money Market CDs NOW Other Interest- Bearing 9/30/2025 $51.4 $55.8 $56.7 3.72% 3.14% 3.15% Total Deposits Rate Paid on Average Total Interest-Bearing Deposits 9/30/2024 6/30/2025 9/30/2025 1 1Includes: Savings and deposit balances of the Company's subsidiary banks from brokerage customers of Wintrust Investments, Chicago Deferred Exchange Company, LLC ("CDEC"), trust and asset management customers of the Company Deposit Portfolio Enviable core deposit franchise in Chicago, Milwaukee and Grand Rapids market areas Quarterly Growth Primarily Driven by Strong Growth in Money Market Products ($ in Millions) Strong Organic Deposit Growth in the Third Quarter ($ in Billions) Highlights 1 Manual Input - Highlights May Change QoQ

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99 9.8% 9.9% 10.1% 10.0% 10.2% 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 Manual Input- Investment Duration comes from Scott Capital/Liquidity Current capital levels are well in excess of regulatory thresholds $5.3 $3.4 $0.1 Available-for-Sale Held-to-Maturity Other 1 Ratios for Q3 2025 are estimated 2 Q2 capital levels impacted by Preferred Stock Series D and E redeemed in Q3 9.8% 10.0% 10.2% 10.6% 11.5% 10.9% 12.2% 13.0% 12.4% 9.6% 10.2% 9.5% CET1 Ratio Tier 1 Capital Ratio Total Capital Ratio Tier 1 Leverage Ratio 9/30/2024 6/30/2025 9/30/2025 CET1 Ratio 1 Year-over-Year Growth in CET1Strong Q3 Capital Levels Strategically Balanced Investment Portfolio (as of 9/30/2025) ($ in Billions) • The Company's capital levels are well in excess of regulatory thresholds • Investment portfolio at 13% of total assets as of September 30, 2025 Q3 2025 Highlights 1 Total Investment Portfolio Yield (Q3 '25): 3.68% Duration: 5.9 Years $8.8 Manual Input - Highlights May Change QoQ Manual Input - CET1 calculation comes from Mark Expect Q4 2025 CET1 +10.0% Pending 2 22 Capital Ratios Decline Driven by Return of Prior Preferred Issuance in the Third Quarter

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1010 $4.11 $5.50 $6.03 $6.19 $7.08 $9.03 $11.65 $14.84 $16.07 $17.28 $18.97 $19.02 $20.78 $23.22 $25.80$26.72 $29.28 $29.93 $32.45$33.17 $37.08 $41.68 $44.67 $49.70 $53.23 $59.64 $61.00 $70.33 $75.39 $85.39 Tangible Book Value Per Common Share (non-GAAP) 19 96 19 97 19 98 19 99 20 00 20 01 20 02 20 03 20 04 20 05 20 06 20 07 20 08 20 09 20 10 20 11 20 12 20 13 20 14 20 15 20 16 20 17 20 18 20 19 20 20 20 21 20 22 20 23 20 24 09 /30 /25 Tangible Book Value Per Common Share (non-GAAP) Wintrust has grown TBV Per Common Share every year since going public in 1996, and increased TBV Per Common Share to $85.39 as of September 30, 2025 1 1Q2 2024 is a Preliminary Number Manual Input - S&P File

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1111 Total Shareholder Return Wintrust's commitment to growing shareholder value is exemplified by outperforming the KBW Nasdaq Regional Banking Total Return Index (KRXTR) Total Shareholder Return of WTFC Compared to KRXTR (1-Year) 100.00% 123.78% 110.75% WTFC KRXTR 09 /30 /24 09 /30 /25 80.00% 100.00% 120.00% 140.00% 160.00% Total Shareholder Return of WTFC Compared to KRXTR (3-Year) 100.00% 94.40% 136.98% 168.63% 82.35% 109.84% 121.65% WTFC KRXTR 09 /30 /22 09 /30 /23 09 /30 /24 09 /30 /25 50.00% 100.00% 150.00% 200.00% Total Shareholder Return of WTFC Compared to KRXTR (5-Year) 100.00% 203.62% 209.81% 198.40% 285.12% 349.56% 196.53% 182.09% 149.94% 200.01% 221.50% WTFC KRXTR 09 /30 /20 09 /30 /21 09 /30 /22 09 /30 /23 09 /30 /24 09 /30 /25 0.00% 100.00% 200.00% 300.00% 400.00% Total Shareholder Return of WTFC Compared to KRXTR (10-Year) 100.00% 104.87% 148.40% 162.04% 125.68% 81.66% 159.33% 163.97% 155.42% 220.42% 268.73% 109.24% 140.58% 145.75% 133.81% 89.98% 176.84% 163.84% 134.92% 179.97% 199.31% WTFC KRXTR 09 /30 /15 09 /30 /16 09 /30 /17 09 /30 /18 09 /30 /19 09 /30 /20 09 /30 /21 09 /30 /22 09 /30 /23 09 /30 /24 09 /30 /25 50.00% 100.00% 150.00% 200.00% 250.00% 300.00% Manual Input - S&P File \*Data Source: S&P Capital IQ

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1212 • We believe we are well-positioned for strong financial performance as we expect the combination of a stable net interest margin and balance sheet growth to result in continued net interest income growth through the remainder of 2025 • Our hedging program has reduced our interest rate sensitivity. As a result, we anticipate that the repricing of variable rate loans and cash is substantially offset by the impact of hedges and deposit rate changes • Well-positioned for strong financial performance as we continue our momentum into the remainder of the year and 2025 • Expect the combination of a stable net interest margin and balance sheet growth to result in continued net interest income growth over the next few quarters • Hedging program to protect both net interest margin and capital during the new lower rate fed cycle $5.65 $6.40 $5.65 $5.65 $5.40 $3.70 $4.45 $3.70 $3.70 $3.45 $1.75 $1.75 $1.75 $1.75 $1.75 $0.20 $0.20 $0.20 $0.20 $0.20 Received Fixed Swaps Costless Collars Interest Rate Floor 9/30/2025 12/31/2025 3/31/2026 6/30/2026 9/30/2026 $502.6 $525.1 $526.5 $546.7 $567.0 3.51% 3.51% 3.56% 3.54% 3.50% Net Interest Income NIM, fully taxable-equivalent (non-GAAP) 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 3.54% (0.03)% (0.01)% —% 3.50% NIM (non-GAAP) Q1 2024 Earning Asset Yield Interest-Bearing Liability Rate Net Free Funds NIM (non-GAAP) Q2 2024 Net Interest Margin/Income Net interest margin within guidance range; coupled with strong earning asset growth drove net interest income higher Derivatives Held by the Company as of September 30, 2025 that Hedge the Cash Flows of Variable Rate Loans1 2.9% 1.0% 1.8% 1.0% Static Ramp 6/30/2023 6/30/2024 Percentage Change in Net Interest Income Over a One-Year Time Horizon Rising Rates Scenario + 100 Basis Points (2.9)% 0.6% (0.9)% 0.9% Static Ramp 6/30/2023 6/30/2024 1 2 Percentage Change in Net Interest Income Over a One-Year Time Horizon Falling Rates Scenario - 100 Basis Points 1 Static Shock Scenario results incorporate actual cash flows and repricing characteristics for balance sheet instruments following an instantaneous, parallel change in market rates based upon a static (i.e. no growth or constant) balance sheet 2 Ramp Scenario results incorporate management's projections of future volume and pricing of each of the product lines following a gradual, parallel change in market rates over twelve months Q1 '24 NII $546.7MM Q2 '24 NII $567.0MMNIM Linking Chart 9/30/2025 6/30/2025 Variance Total earning assets (7) 5.93 % 5.96 % (0.03) % Total interest-bearing liabilities 3.21 % 3.20 (0.01) % Net free funds/contribution (6)/ Net interest income/Net interest margin 0.78 % 0.78 0.00 NIM 3.50 % 3.54 Manual Input - Data Comes from Joel Pending Expect sustained NII growth and Stable NIM through 2025 Q3 2025 Record NII Boosted By Strong Organic Growth and Stable NIM Q3 2025 Highlights As of September 30, 2025 Collars Weighted Average Cap Rate: 3.70% Collars Weighted Average Floor Rate: 2.21% Receive Fixed Swaps Weighted Average Rate: 3.86% Interest Rate Floor Weighted Average Strike Rate: 2.50% 1 Balances shown represent the notional amount of cash flow hedging derivatives that are effective as of the dates presented. Reference the Appendix slide 25 for the complete derivative schedule. ($ in Billions) ($ in Millions) • Expect sustained NII growth and Stable NIM through 2025 Highlights Q3 2025

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1313 Wealth Management Delivered Growth In Both AUA and Revenue $113.1 $113.5 $116.6 $124.1 $130.8 $37.2 $38.8 $34.0 $36.8 $37.2 $15.3 $15.3 $15.3 $15.2 $15.5 $16.4 $18.9 $19.4 $19.5 $19.8 $28.2 $20.0 $27.4 $29.4 $33.8 $16.0 $20.5 $20.5 $23.2 $24.5 Wealth Management Operating Lease Income, net Service Charges on Deposits Other ; incl. Call Option Income Mortgage Banking Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 $766.8 $660.3 $460.5 $681.5 $643.4 $527.4 $483.4 $348.5 $523.8 $505.8 $239.4 $176.9 $112.0 $157.7 $137.6 Retail Originations Veterans First Originations Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Mortgage Originations For Sale Reflect Current Market Conditions MSRs Effectively Hedged to Moderate Impact to Fair Value Non-Interest Income Increased Across Most Major Categories 1 Other - includes Interest Rate Swap Fees, BOLI, Administrative Services, FX Remeasurement Gains/(Losses), Early Pay-Offs of Capital Leases, Gains/(losses) on investment securities, net, Fees from covered call options, Trading gains/(losses), net and Miscellaneous 1 $37.2 $38.8 $34.0 $36.8 $37.2 $51.1 $51.2 $51.1 $53.2 $55.1 Total Wealth Management Revenue Assets Under Administration ($ in billions) Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 ($ in Millions) ($ in Millions) % of MSRs to Loans Serviced for Others Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 1.52% 1.64% 1.58% 1.55% 1.52% $186.3 $203.8 $196.3 $193.1 $190.9 $12,253 $12,401 $12,402 $12,471 $12,524 MSRs, at fair value Loans Serviced for Others Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 ($ in Millions) ($ in Millions) Non-Interest Income Diversified fee businesses supported non-interest income levels despite challenging mortgage environment Manual Input - Data Comes from Mortgage Team Pending

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1414 58.58% 57.18% 56.95% 56.68% 54.47% Efficiency Ratio (non-GAAP) Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 $211.3 $212.1 $211.5 $219.5 $219.7 $119.0 $121.0 $123.9 $123.2 $124.6 $57.6 $54.8 $52.5 $55.9 $56.2 $34.7 $36.3 $35.1 $40.5 $38.8 Salaries Commissions and Incentive Compensation Benefits Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 $36.6 $45.1 $50.1 $52.9 $56.3 $64.9 $69.6 2.79% 2.51% 2.42% 2.33% 2.45% 2.36% 2.28% Total Assets Non-Interest Expense as a % of Average Assets FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 YTD 2025 Efficiency Ratio Decreased as Income Outpaced Expense Growth Q1 2024 Non-Interest Expense Advertising and Marketing FDIC Special Assessment Salaries and Benefits Occupancy Expense All Other Expenses Q2 2024 Non-Interest Expense Non-Interest Expense We continue to manage our expenses and believe they are in line with Company growth ($ in Millions) Strong Asset Growth Coupled With Prudent Expense Management ($ in Billions) 1 Q1 2024 Includes FDIC Special Assessment of $5.2 million and Net Gain on Sale of RBA of $19.3 million 1 Total Salaries and Benefits Salaries and Benefits Remained Relatively Flat Total Salaries and Benefits Expense Relatively Stable Quarter over Quarter as Q1 2025 Impacted

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1515 $457.5 $(7.5) $(32.9) $37.5 $454.6 6/30/2025 Portfolio Changes Baseline Economic Factors Macroeconomic Uncertainty Factors 9/30/2025 $26.7 $15.9 $12.6 $13.3 $24.6$22.3 $17.0 $24.0 $22.2 $21.8 0.23% 0.13% 0.11% 0.11% 0.19% NCOs Provision for Credit Losses Annualized NCOs as a % of Average Total Loans Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 $179.7 $170.8 $172.4 $188.8 $162.6 $125.4 $119.6 $121.5 $143.7 $125.1 $54.3 $51.2 $50.9 $45.1 $37.5 0.38% 0.36% 0.35% 0.37% 0.31% NPLs as a % of Total Loans PFR - Life and Commercial NPLs Commercial, CRE and Other NPLs 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 $(33) $(15) $(42) $(41) $2 (0.01)% 0.00% (0.01)% (0.01)% 0.00% NCOs Annualized NCOs as a % of Average Total Loans Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 $49,535 $50,610 Q2 2025 Q3 2025 $844 $863 Q2 2025 Q3 2025 $663 $590 Q2 2025 Q3 2025 Pass and Loans Guaranteed1 Special Mention Substandard2 1Pass and Loans Guaranteed: Includes early buy-out loans guaranteed by U.S. government agencies 2Substandard: Substandard includes Substandard Accrual and Substandard Nonaccrual/Doubtful 97% 97% 2% 2% 1% 1% Credit Quality Diversified business lines and strong credit management support stable credit quality Low and Consistent Levels of Non-Performing Loans ($ in Millions) ($ in Millions) Special Mention and Substandard Percentages Remained Stable Quarter over Quarter $26.7 $15.9 $12.6 $13.3 $24.6 $22.3 $17.0 $24.0 $22.2 $21.8 0.23% 0.13% 0.11% 0.11% 0.19% NCOs Total Provision for Credit Losses Annualized NCOs as a % of Average Total Loans Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 ($ in Millions) $75 $72 $1 $1 $1 0.01% 0.01% 0.00% 0.00% 0.00% NPLs Annualized NPLs as a % of Average Total Loans Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 $15.5 Day 1 Macatawa Provision for Credit Losses $6.8 Stable Allowance For Credit Losses Quarter over Quarter ($ in Millions) 3Portfolio Changes: Includes new volume and run- off, changes in credit quality, aging of existing portfolio, shifts in segmentation mix and changes in net charge-offs 3 Manual Input - All Data comes from Mike Reiser Manual Input - All Data comes from Mike Reiser $15.5 Provision Remained Relatively Stable

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1616 0.25% 0.40% 0.45% 0.41% 0.46% 0.48% 0.34% 0.51% 0.29% 0.34% 0.39% 0.81% 1.58% 1.74% 1.52% 1.30% 1.03% 0.85% 0.62% 0.56% 0.50% 0.47% 0.44% 0.36% 0.32% 0.16% 0.21% 0.27% 0.30% 0.27% NPA/TA 19 96 19 97 19 98 19 99 20 00 20 01 20 02 20 03 20 04 20 05 20 06 20 07 20 08 20 09 20 10 20 11 20 12 20 13 20 14 20 15 20 16 20 17 20 18 20 19 20 20 20 21 20 22 20 23 20 24 09 /30 /25 1Q2 2024 is a Preliminary Number Non-Performing Assets to Total Assets NPAs continue to remain historically low Historical Data are manual input from S&P File. Current quarter is linked

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1717 • Relatively flat allowance for credit losses • Coverage across all portfolios remains steady to protect against downside risks in an uncertain macroeconomic environment • Increase in allowance driven by net loan growth across most segments coupled with changes in credit quality within specific products of the portfolio • Strong coverage across all portfolios designed to protect against potential future economic downturn $48.7 $51.0 $52.1 0.92% 0.90% 0.87% Total Loan Period End Balance Allowance as a % of Total Loans 3/31/2025 6/30/2025 9/30/2025 $29.1 $29.9 $30.6 1.37% 1.37% 1.34% Core Loan Period End Balance Allowance as a % of Category 3/31/2025 6/30/2025 9/30/2025 $19.6 $21.1 $21.5 0.26% 0.22% 0.21% Niche Loan Period End Balance Allowance as a % of Category 3/31/2025 6/30/2025 9/30/2025 Credit Quality - Allowance for Credit Losses The Company remains well-reserved Consistently Well-Reserved Across Our Core1 Loan PortfolioAppropriate Allowance Coverage on Total Loan Portfolio ($ in Billions) ($ in Billions) Allowance Provides Appropriate Coverage Due To Minimal Historic Losses in Niche1 Portfolio ($ in Billions) Q3 2025 Highlights Manual Input - All Data comes from Mike Reiser 1Niche Loans consists of: Franchise, Mortgage warehouse lines of credit, Community Advantage - homeowners association, Insurance agency lending, Premium Finance receivables, and Consumer and other. All other loans are considered Core. 1 1

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1818 $171.6 $175.8 $201.2 $194.6 $189.5 1.13% 1.13% 1.26% 1.19% 1.15% Calculated Allowance Allowance as a % of Category 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 $63.8 $73.6 $70.6 $80.9 $66.6 0.42% 0.47% 0.44% 0.49% 0.40% NPLs NPL as a % of Category 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 $15,248 $15,575 $15,931 $16,387 $16,544 0.61% 0.11% 0.23% 0.11% 0.49% Period End Balance Net Charge-Off Ratio (Annualized) 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 43% 10%5% 17% 8% 7% 3% 7% Commercial and industrial Asset-based lending Municipal Leases Franchise Mortgage warehouse lines of credit Community Advantage - HOA Insurance agency lending Credit Quality - Commercial Loans Diversified portfolio with low net charge-offs Low Levels of Non-Performing Commercial LoansStrong Loan Growth Coupled with Proactive Credit Management ($ in Millions) ($ in Millions) Allowance Provides Appropriate Coverage Commercial Loan Composition (as of 9/30/2025) ($ in Millions)

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1919 $12,793 $12,904 $12,915 $13,292 $13,619 0.00% 0.03% 0.01% 0.17% 0.00% Period End Balance Net Charge-Off Ratio (Annualized) 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 $42.3 $21.0 $26.2 $32.8 $28.2 0.33% 0.16% 0.20% 0.25% 0.21% NPLs NPL as a % of Category 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 215.7 215.7 210.0 224.4 230.5 1.69% 1.67% 1.63% 1.69% 1.69% Calculated Allowance Allowance as a % of Category 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12% 22% 11% 24% 12% 17% 2% Office Industrial Retail Multi-family Mixed use and other Commercial and Residential construction Land Credit Quality - Commercial Real Estate Loans Well-diversified portfolio with a majority of its exposure in stabilized, income producing properties Continued Low Levels of NPLs in Q3 2025 Strong Growth in Portfolio With Low Levels of Net Charge-offs ($ in Millions) ($ in Millions) Ample Allowance Levels to Protect Against Potential Future Market Pressure Commercial Real Estate Loan Composition (as of 9/30/2025) ($ in Millions)

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2020 Chicago CBD, 10% Other CBD, 11% Suburban, 79% $378.9 $300.8 $260.8 $228.1 $250.1 $159.5$148.0 $145.0 $182.4 $125.1 $167.4 $66.1 Total CRE Office Non-Medical Non Owner-Occupied <$2M $2M-$5M $5M-$10M $10M-$15M $15M-$20M >=$20M Medical Non Owner- Occupied, 29% Medical Owner Occupied, 2% Non-Medical Owner- Occupied, 16% Non-Medical Non Owner-Occupied, 53% 1Chicago CBD includes the following zip codes: 60601, 60602, 60603, 60604, 60605, 60606, 60607, 60610, 60611, 60654, 60661 2Other CBD includes the following metropolitan areas: Milwaukee, Boulder, Orlando, Saint Paul, Columbus, Akron, Cincinnati, San Antonio 1 2 $1,238.5 $176.4$163.3 $834.0 $246.7 $466.9 278911 93 46 36 25 19 11 15 10 6 3 Number of Loans Per Category CRE Office Portfolio (as of 9/30/2025) CRE office represents a minimal percentage of the total loan portfolio CRE Office Portfolio Geography ($ in Millions) CRE Office Portfolio Composition Granularity of CRE Office Portfolio by Loan Size ($ in Millions) ($ in Millions) <$2M $2M-$5M $5M-$10M $10M-$15M $15M-$20M >=$20M # of Loans CRE 911 93 36 19 15 6 Non Med 278 46 25 11 10 3 Portfolio Characteristics As of 6/30/2025 As of 9/30/2025 Balance ($ in Millions) $1,601 $1,578 CRE office as a % to Total CRE 12.05% 11.59% CRE office as a % to Total Loans 3.14% 3.03% Average Size of Loan ($ in Millions) $1.5 $1.5 Non-Performing Loan (NPL) Ratio 1.19% 1.19% Loans Still Accruing that are 30-89 Days Past Due Ratio 1.77% 1.00% Owner Occupied or Medical % 48% 47% $30.6 Manual Input - Data Comes from Mario's Team Medical $466.9 Medical Owner Occupied $30.6 Non-Medical Owner-Occupied $246.7 Non-Medical Non Owner- Occupied $834.0 Chicago CBD $163.3 Other CBD $176.4 Suburban $1,238.5 Total $1,578.2 PENDING

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2121 Manual Input - Data comes from Dominic Sarro $0.0 $6.4 $3.0 $0.3 $0.0 0.00% 0.08% 0.04% 0.00% 0.00% NPLs NPL as a % of Category 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 $8,707 $2,054 Cash Surrender Value Other $7,997 $8,147 $8,365 $8,507 $8,759 0.00% 0.00% 0.00% 0.00% 0.00% Period End Balance Net Charge-Off Ratio (Annualized) 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 1 Loan Collateral reported at actual values versus credit advance rate 2 Collateral Coverage is calculated by dividing Total Loan Collateral (Undiscounted) by Total Loan Portfolio Balance 4% 72% 7% 17% Annuity Brokerage Account Certificate of Deposit Letters of Credit OtherCollateral Coverage2 of 123% Credit Quality Premium Finance Receivables - Life Insurance Life insurance portfolio remains steady and has continued to demonstrate exceptional credit quality Non-Performing Loans Remain LowStrong Growth with Pristine Credit Quality ($ in Millions) ($ in Millions) Total Loan Collateral1 by Type (as of 9/30/2025) "Other" Loan Collateral1 by Type (as of 9/30/2025) ($ in Millions) Pending

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2222 Consistently Low Levels of Non-Performing LoansContinued Loan Growth After Seasonally High Q2 $7,132 $7,272 $7,240 $8,323 $8,366 0.24% 0.59% 0.20% 0.16% 0.20% Period End Balance Net Charge-Off Ratio (Annualized) 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 $4,499 $4,565 $4,392 $5,586 $5,084 Originations Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 $54.3 $44.8 $47.9 $44.8 $37.5 0.76% 0.62% 0.66% 0.54% 0.45% NPLs NPL as a % of Category 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 $4,101 $2,846 $1,208 $211 Current Premium Finance Receivables - Property and Casualty Insurance Loan Balances Projected to Mature Based on Modeled Contractual Cash Flows ≤ 3 Months 4-6 Months 7-9 Months > 9 months Premium Finance Receivables - Property and Casualty Insurance ($ in Millions) ($ in Millions) Projected Repayments Strong Origination Volume Despite Seasonality of Portfolio ($ in Millions) ($ in Millions) Manual Input - Data comes from Mark B Manual Input - Data comes from Thanos Polyzois and Matt for Canada Pending Pending 1 16/30/2024 Balances are net of approximately $698MM loan sale

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2323 Appendix

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2424 • Per accounting rules, prior issuance costs from Preferred Stock Series D and Preferred Stock Series E were reclassified, upon redemption, from capital surplus and recognized through retained earnings. These amounts do not impact operating net income but were considered as a reduction to net income available to common shareholders and impacted earnings per share calculations. • The one-time impact of prior issuance costs was $0.21 per diluted common share, and the impact of excess dividend on Series F was $0.07 per diluted common share. Wintrust Preferred Stock Offering and Redemption Preferred Series Impact on Diluted EPS One-Time Q3 Impact on Diluted EPS ($ in '000) Q2 2025 Q3 2025 Q4 2025 Preferred Stock Series D + E Quarterly Dividend $(6,991) $— $— Preferred Stock Series F First Dividend1 — (13,295) — Preferred Stock Series F Regular Quarterly Dividend2 — — (8,367) Preferred Stock Series D Issuance Costs (non-recurring) — (4,158) — Preferred Stock Series E Issuance Costs (non-recurring) — (9,888) — Total Impact $(6,991) $(27,341) $(8,367) Average diluted common shares ('000s)3 67,819 67,980 67,980 Diluted EPS Impact $(0.10) $(0.40) $(0.12) ($ in Millions) PENDING 1 Preferred Stock Series F First Dividend covers the time period May 22, 2025 to October 15, 2025 2 Preferred Stock Series F Quarterly Dividend amount, if declared by the Board of Directors 3 Average diluted common shares held constant in Q4 2025 for illustrative purposes Pending

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2525 Hedging activities had a five basis point unfavorable impact to our Q3 2025 NIM as compared to a six basis point unfavorable impact to our Q2 2025 NIM. These derivatives moderate our interest rate sensitivity and serve the purpose of stabilizing net interest income performance across various interest rate scenarios. Hedge Type Effective Date Notional Maturity Date Cap Rate Floor Rate Swap Rate Costless Collar 9/1/2022 $1.25B 9/1/2027 3.45% 2.00% N/A Costless Collar 10/1/2022 $0.5B 10/1/2026 4.32% 2.75% N/A Receive Fixed Swap 1/31/2023 $0.5B 12/31/2025 N/A N/A 3.75% Receive Fixed Swap 1/31/2023 $0.5B 12/31/2026 N/A N/A 3.51% Receive Fixed Swap 2/1/2023 $0.25B 2/1/2026 N/A N/A 3.68% Receive Fixed Swap 2/1/2023 $0.25B 2/1/2027 N/A N/A 3.45% Receive Fixed Swap 3/1/2023 $0.25B 3/1/2026 N/A N/A 3.92% Receive Fixed Swap 3/1/2023 $0.25B 3/1/2028 N/A N/A 3.53% Receive Fixed Swap 3/1/2023 $0.25B 3/1/2026 N/A N/A 4.18% Receive Fixed Swap 3/1/2023 $0.25B 3/1/2028 N/A N/A 3.75% Receive Fixed Swap 4/1/2023 $0.25B 7/1/2026 N/A N/A 4.45% Receive Fixed Swap 4/1/2023 $0.25B 7/1/2027 N/A N/A 4.15% Receive Fixed Swap 10/1/2024 $0.35B 10/1/2029 N/A N/A 3.99% Receive Fixed Swap 11/1/2024 $0.35B 11/1/2029 N/A N/A 4.25% Interest Rate Floor 9/15/2025 $0.20B 9/15/2028 N/A 2.50% N/A Receive Fixed Swap 11/1/2025 $0.25B 11/1/2029 N/A N/A 3.30% Receive Fixed Swap 11/1/2025 $0.25B 11/1/2030 N/A N/A 3.55% Receive Fixed Swap 11/1/2025 $0.25B 11/1/2030 N/A N/A 3.82% Receive Fixed Swap 2/1/2026 $0.25B 2/1/2031 N/A N/A 3.95% Receive Fixed Swap 2/1/2026 $0.25B 2/1/2031 N/A N/A 4.25% Receive Fixed Swap 10/1/2026 $0.20B 10/1/2031 N/A N/A 3.38% Below are the details of the derivatives entered by the Company as of September 30, 2025. These derivatives hedge the cash flows of variable rate loans that reprice monthly based on one-month term SOFR. Hedging Strategy Update Use of Hedges to Mitigate Negative Impacts of Falling Rates Manual Input - To Confirm with Joel

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2626 1Geographic Diversification: primary business location utilized to estimate geographic diversification, which can mean the following locations types were used: collateral location, customer business location, customer home address and customer billing address States/Jurisdictions that individually comprise 1% or less of the Total Loan Portfolio shaded light blue Loan Portfolio Highly diversified portfolio across U.S Loan Portfolio - Geographic Diversification1 (as of 9/30/2025) 31% 8% 6% 6% 4% 4% 3% 2% 2% 2% 2% 2%Canada: Total Loan Portfolio Primary Geographic Region Commercial: Commercial, industrial and other Midwest Leasing Nationwide Franchise Lending Nationwide Commercial real estate Construction and development Midwest Non-construction Midwest Home equity Midwest Residential Real Estate Midwest Premium finance receivables Commercial insurance loans Nationwide and Canada Life insurance loans Nationwide Consumer and other Midwest 2% 1.4% 1.5% 4% 2% Pending 2%

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2727 Illinois Market1 (Sorted by 2025 Market Share Data) 2025 2024 2023 JPMorgan Chase 20.1% 20.1% 22.5% BMO Bank 18.3% 18.9% 17.1% Wintrust Financial Corporation 8.6% 8.0% 7.6% Bank of America 7.9% 8.3% 9.2% CIBC Bank USA 7.7% 7.3% 6.8% The Northern Trust Company 6.4% 6.0% 4.9% Fifth Third Bank 4.3% 4.8% 4.8% PNC Bank 3.3% 3.2% 3.1% Old National Bank 2.8% 2.5% 2.5% U.S. Bank 2.5% 2.5% 2.7% Data Source: Federal Deposit Insurance Corporation as of June 30th of each year Deposit Market Share in the Markets We Serve Wisconsin Market3 (Sorted by 2025 Market Share Data) 2025 2024 2023 U.S. Bank 25.2% 24.0% 27.5% BMO Harris Bank 13.1% 14.7% 13.8% Associated Bank 10.0% 9.9% 9.3% JPMorgan Chase 9.6% 9.7% 10.1% Johnson Bank 4.1% 4.0% 3.9% Wintrust Financial Corporation 3.5% 3.4% 2.9% First Business Bank 2.7% 2.4% 2.0% Old National Bank 2.4% 2.3% 2.0% Lake Ridge Bank 2.2% 2.2% 1.9% Wells Fargo 2.0% 2.3% 2.3% Michigan Market2 (Sorted by 2025 Market Share Data) 2025 2024 2023 Huntington 18.3% 19.5% 19.6% Fifth Third Bank 17.2% 19.6% 19.5% Northpointe Bank 14.2% 11.1% 10.4% Wintrust Financial Corporation 9.3% 7.8% 8.0% JPMorgan Chase 9.0% 9.9% 10.2% Mercantile Bank 6.7% 6.3% 6.1% PNC Bank 3.0% 3.1% 3.8% West Michigan Community Bank 2.9% 2.9% 2.7% Independent Bank 2.9% 3.0% 3.2% ChoiceOne Bank 2.7% 2.6% 2.6% \*Map Source: S&P Capital IQ 1Illinois market is defined by Cook, DuPage, Kane, Lake, McHenry, Will, and Winnebago counties 2Michigan market is defined by Allegan, Kent, and Ottawa counties 3Wisconsin market is defined by Dane, Kenosha, Milwaukee, Ozaukee, Racine, Rock, Walworth, and Waukesha counties 4Indiana market is defined by Lake county Data Source: Federal Deposit Insurance Corporation as of June 30th of each year Wintrust Midwest Branch Locations 1.43% 1.43% 2025 4

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2828 Selected Wintrust Awards Q3 2025 - Wintrust Awards Year-to-Date Wintrust continues to be recognized for its Different Approach to banking. J.D. Power ranked Wintrust Community Banks #1 in Illinois for Retail banking Customer Satisfaction • Scored highest by customers as Most trusted Retail Bank in Illinois for four straight years • Customers also rated Wintrust Community Banks #1 for convenience, value, and account offerings 14 Coalition Greenwich Best Bank Awards for Middle Market • 10th consecutive year of recognition • Wintrust also received the Best Bank - Overall Satisfaction Award in National and Regional markets • These awards demonstrate Wintrust's strong client relationships and commitment to excellence For J.D. Power 2025 award information, visit jdpower.com/awards American Banker for 2025 Top Banks by Reputation • Ranked 6th as Wintrust enters the 2025 ranking for the first time with a score of 82.9, reflecting its growing regional presence

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2929 Abbreviation Definition BOLI Bank Owned Life Insurance BP Basis Point BV Book Value per Common Share CBD Central Business District CET1 Ratio Common Equity Tier 1 Capital Ratio CRE Commercial Real Estate Diluted EPS Net Income per Common Share - Diluted FDIC Federal Deposit Insurance Corporation GAAP Generally Accepted Accounting Principles HOA Homeowners Association Interest Bearing Cash Total Interest-Bearing Deposits with Banks, Securities Purchased under Resale Agreements and Cash Equivalents MSA Metropolitan Statistical Area MSR Mortgage Servicing Right NCO Net Charge Off NII Net Interest Income NIM Net Interest Margin Non-GAAP For non-GAAP metrics, see the reconciliation in the Appendix NPA Non-Performing Asset NPL Non-Performing Loan PFR Premium Finance Receivables PTPP Pre-Tax, Pre-Provision Income RBA Retirement Benefits Advisors ROA Return on Assets ROE Return on Average Common Equity ROTCE Return on Average Tangible Common Equity RWA Risk-Weighted Asset SOFR Secured Overnight Financing Rate TA Total Assets TBV Tangible Book Value TBVPCS Tangible Book Value Per Common Share Glossary

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3030 Three Months Ended Nine Months Ended Reconciliation of non-GAAP Net Interest Margin and Efficiency Ratio ($ in Thousands): September 30, June 30, March 31, December 31, September 30, September 30, September 30, 2025 2025 2025 2024 2024 2025 2024 (A) Interest Income (GAAP) $963,834 $920,908 $886,965 $913,501 $908,604 $2,771,707 $2,564,096 Taxable-equivalent adjustment: - Loans 2,154 2,200 2,206 2,352 2,474 6,560 7,025 - Liquidity Management Assets 675 680 690 716 668 2,045 1,785 - Other Earning Assets — — 3 2 2 3 10 (B) Interest Income (non-GAAP) $966,663 $923,788 $889,864 $916,571 $911,748 $2,780,315 $2,572,916 (C) Interest Expense (GAAP) $396,824 $374,214 $360,491 $388,353 $406,021 $1,131,529 $1,126,709 (D) Net Interest Income (GAAP) (A minus C) $567,010 $546,694 $526,474 $525,148 $502,583 $1,640,178 $1,437,387 (E) Net Interest Income (non-GAAP) (B minus C) $569,839 $549,574 $529,373 $528,218 $505,727 $1,648,786 $1,446,207 Net interest margin (GAAP) 3.48 % 3.52 % 3.54 % 3.49 % 3.49 % 3.51 % 3.52 % Net interest margin, fully taxable-equivalent (non-GAAP) 3.50 % 3.54 % 3.56 % 3.51 % 3.51 % 3.53 % 3.54 % (F) Non-interest income $130,827 $124,089 $116,634 $113,451 $113,147 $371,550 $374,874 (G) Gains (losses) on investment securities, net 2,972 650 3,196 (2,835) 3,189 6,818 233 (H) Non-interest expense 380,028 381,461 366,090 368,539 360,687 1,127,579 1,034,185 Efficiency ratio (H/(D+F-G)) 54.69 % 56.92 % 57.21 % 57.46 % 58.88 % 56.24 % 57.07 % Efficiency ratio (non-GAAP) (H/(E+F-G)) 54.47 % 56.68 % 56.95 % 57.18 % 58.58 % 56.00 % 56.80 % The accounting and reporting policies of Wintrust conform to generally accepted accounting principles ("GAAP") in the United States and prevailing practices in the banking industry. However, certain non- GAAP performance measures and ratios are used by management to evaluate and measure the Company's performance. Management believes that these measures and ratios provide users of the Company's financial information a more meaningful view of the performance of the Company's interest-earning assets and interest-bearing liabilities and of the Company's operating efficiency. Other financial holding companies may define or calculate these measures and ratios differently. Reconciliation of non-GAAP Pre-Tax, Pre-Provision Income ($ in Thousands): Income before taxes $296,041 $267,088 $253,055 $253,081 $232,709 $816,184 $694,008 Add: Provision for credit losses 21,768 22,234 23,963 16,979 22,334 $67,965 $84,068 Pre-tax income, excluding provision for credit losses (non-GAAP) $317,809 $289,322 $277,018 $270,060 $255,043 $884,149 $778,076 Non-GAAP Reconciliation

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3131 Reconciliation of Non-GAAP Pre-Tax, Pre-Provision Income ($ in Thousands): Income before taxes $296,041 $267,088 $253,055 $253,081 $232,709 $816,184 $694,008 Add: Provision for credit losses 21,768 22,234 23,963 16,979 22,334 67,965 84,068 Pre-tax income, excluding provision for credit losses (non-GAAP) $317,809 $289,322 $277,018 $270,060 $255,043 $884,149 $778,076 Three Months Ended Nine Months Ended Reconciliation of non-GAAP Return on Average Tangible Common Equity ($ in Thousands): September 30, June 30, March 31, December 31, September 30, September 30, September 30, 2025 2025 2025 2024 2024 2025 2024 (N) Net income applicable to common shares $188,913 $188,536 $182,048 $178,371 $163,010 $559,497 $488,710 Add: Intangible asset amortization 5,196 5,580 5,618 5,773 4,042 16,394 6,322 Less: Tax effect of intangible asset amortization (1,403) (1,495) (1,421) (1,547) (1,087) (4,328) (1,682) After-tax intangible asset amortization $3,793 $4,085 $4,197 $4,226 $2,955 $12,066 $4,640 (O) Tangible net income applicable to common shares (non-GAAP) $192,706 $192,621 $186,245 $182,597 $165,965 571,563 493,350 Total average shareholders' equity $6,955,543 $6,862,040 $6,460,941 $6,418,403 $5,990,429 $6,761,319 $5,628,346 Less: Average preferred stock (483,288) (599,313) (412,500) (412,500) (412,500) (498,626) $(412,500) (P) Total average common shareholders' equity $6,472,255 $6,262,727 $6,048,441 $6,005,903 $5,577,929 $6,262,693 $5,215,846 Less: Average intangible assets (906,032) (910,924) (916,069) (921,438) (833,574) (910,972) $(730,216) (Q) Total average tangible common shareholders' equity (non-GAAP) $5,566,223 $5,351,803 $5,132,372 $5,084,465 $4,744,355 $5,351,721 $4,485,630 Return on average common equity, annualized (N/P) 11.58 % 12.07 % 12.21 % 11.82 % 11.63 % 11.94 % 12.52 % Return on average tangible common equity, annualized (non-GAAP) (O/Q) 13.74 14.44 14.72 14.29 13.92 14.28 14.69 The accounting and reporting policies of Wintrust conform to generally accepted accounting principles ("GAAP") in the United States and prevailing practices in the banking industry. However, certain non- GAAP performance measures and ratios are used by management to evaluate and measure the Company's performance. Management believes that these measures and ratios provide users of the Company's financial information a more meaningful view of the performance of the Company's interest-earning assets and interest-bearing liabilities and of the Company's operating efficiency. Other financial holding companies may define or calculate these measures and ratios differently. Non-GAAP Reconciliation

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3232 Three Months Ended Reconciliation of non-GAAP Tangible Common Equity ($'s and Shares in Thousands): September 30, June 30, March 31, December 31, September 30, 2025 2025 2025 2024 2024 Total shareholders' equity (GAAP) $7,045,757 $7,225,696 $6,600,537 $6,344,297 $6,399,714 Less: Non-convertible preferred stock (GAAP) (425,000) (837,500) (412,500) (412,500) (412,500) Less: Acquisition-related intangible assets (GAAP) (902,936) (908,639) (913,004) (918,632) (924,646) (I) Total tangible common shareholders' equity (non-GAAP) $5,717,821 $5,479,557 $5,275,033 $5,013,165 $5,062,568 (J) Total assets (GAAP) 69,629,638 68,983,318 65,870,066 64,879,668 63,788,424 Less: Intangible assets (GAAP) (902,936) (908,639) (913,004) (918,632) (924,646) (K) Total tangible assets (non-GAAP) $68,726,702 $68,074,679 $64,957,062 $63,961,036 $62,863,778 Common equity to assets ratio (GAAP) (L/J) 9.5 % 9.3 % 9.4 % 9.1 % 9.4 % Tangible common equity ratio (non-GAAP) (I/K) 8.3 % 8.0 % 8.1 % 7.8 % 8.1 % Reconciliation of non-GAAP Tangible Book Value per Common Share ($'s and Shares in Thousands): Total shareholders' equity $7,045,757 $7,225,696 $6,600,537 $6,344,297 $6,399,714 Less: Preferred stock (425,000) (837,500) (412,500) (412,500) (412,500) (L) Total common equity $6,620,757 $6,388,196 $6,188,037 $5,931,797 $5,987,214 (M) Actual common shares outstanding 66,961 66,938 66,919 66,495 66,482 Book value per common share (L/M) $98.87 $95.43 $92.47 $89.21 $90.06 Tangible book value per common share (non-GAAP) (I/M) $85.39 $81.86 $78.83 $75.39 $76.15 Reconciliation of Non-GAAP Return on Average Tangible Common Equity: ($'s and Shares in Thousands): September 30, June 30, March 31, December 31, September 30, 2025 2025 2025 2024 2024 (N) Net income applicable to common shares $173,207 $137,826 $1,492 $1,579 $120,400 Add: Acquisition-related intangible asset amortization 1,235 1,436 $(425) $(445) 1,609 Less: Tax effect of acquisition-related intangible asset amortization (321) (370) 1067000 1,134 (430) After-tax Acquisition-related intangible asset amortization $914 $1,066 137,037 88,656 $1,179 (O) Tangible net income applicable to common shares (non-GAAP) $174,121 $138,892 $4,795,387 $4,526,110 $121,579 Total average shareholders' equity $4,895,271 $4,710,856 $(412,500) $(412,500) $4,500,460 Less: Average preferred stock (412,500) (412,500) 4,382,887 4,113,610 (412,500) (P) Total average common shareholders' equity $4,482,771 $4,298,356 $(678,953) $(681,091) $4,087,960 Less: Average acquisition-related intangible assets (675,247) (676,371) 3,703,934 3,432,519 (682,603) (Q) Total average tangible common shareholders' equity (non-GAAP) $3,807,524 $3,621,985 $0.12 $0.09 $3,405,357 Return on average common equity, annualized (N/P) 15.67 % 12.72 % 11.94 % Return on average tangible common equity, annualized (non-GAAP) (O/Q) 0.1854636737388 63 Three Months Ended Reconciliation of non-GAAP Return on Average Tangible Common Equity ($ in Thousands): September 30, June 30, March 31, December 31, September 30, 2025 2025 2025 2024 2024 (N) Net income applicable to common shares $188,913 $188,536 $182,048 $178,371 $163,010 Add: Intangible asset amortization $5,196 $5,580 $5,618 $5,773 4042000 Less: Tax effect of intangible asset amortization $(1,403) $(1,495) $(1,421) $(1,547) (1,087) After-tax intangible asset amortization $3,793 $4,085 $4,197 $4,226 2,955 (O) Tangible net income applicable to common shares (non-GAAP) $192,706 $192,621 $186,245 $182,597 165,965 Total average shareholders' equity $6,955,543 $6,862,040 $6,460,941 $6,418,403 $5,990,429 Less: Average preferred stock $(483,288) $(599,313) $(412,500) $(412,500) $(412,500) (P) Total average common shareholders' equity $6,472,255 $6,262,727 $6,048,441 $6,005,903 $5,577,929 Less: Average intangible assets $(906,032) $(910,924) $(916,069) $(921,438) $(833,574) (Q) Total average tangible common shareholders' equity (non-GAAP) $5,566,223 $5,351,803 $5,132,372 $5,084,465 $4,744,355 Return on average common equity, annualized (N/P) 11.58% 12.07% 12.21% 11.82% 11.63% Return on average tangible common equity, annualized (non-GAAP) (O/Q) 13.74 14.44 14.72 14.29 13.92 Non-GAAP Reconciliation The accounting and reporting policies of Wintrust conform to generally accepted accounting principles ("GAAP") in the United States and prevailing practices in the banking industry. However, certain non- GAAP performance measures and ratios are used by management to evaluate and measure the Company's performance. Management believes that these measures and ratios provide users of the Company's financial information a more meaningful view of the performance of the Company's interest-earning assets and interest-bearing liabilities and of the Company's operating efficiency. Other financial holding companies may define or calculate these measures and ratios differently.

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