WINTRUST FINANCIAL CORP

Listed Company

WTFCCIK 0001015328NasdaqLarge AcceleratedState Commercial BanksIllinoisFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$823.84M

Total Assets

$71.14B

Equity

$7.26B

Shares Out

67.27M

Op. Cash Flow

$910.35M

Business

WINTRUST FINANCIAL CORP provides diversified financial services as a bank holding company operating through multiple nationally chartered banks and specialized subsidiaries. It offers community-oriented personal and commercial banking, retail mortgage origination, premium finance for property, casualty and life insurance, equipment leasing, accounts receivable financing, and a full range of wealth management and brokerage services. The company’s primary business segments are community banking, specialty finance and wealth management, each run as separate strategic units. It serves customers principally in the Chicago metropolitan area, southern Wisconsin, northwest Indiana and west Michigan, while specialty finance and mortgage operations extend nationwide and into Canada through distribution via branch networks, downtown commercial offices, insurance agents/brokers, mortgage retail offices and intermediary platforms.

Summary from filing dated 2025-02-28

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Interest and fees on loans	3,221	3,043	2,541	1,508	1,134
Mortgage loans held-for-sale	19	21	17	21	32
Interest-bearing deposits with banks	133	115	79	43	7
Federal funds sold and securities purchased under resale agreements	607,000	366,000	2	5	173,000
Investment securities	332	276	239	161	95
Trading account securities	11,000	48,000	41,000	22,000	10,000
Federal Home Loan Bank and Federal Reserve Bank stock	22	20	15	9	7
Brokerage customer receivables	78,000	965,000	1	928,000	645,000
Total interest income	3,728	3,478	2,893	1,747	1,275
Interest on deposits	1,342	1,344	906	175	88
Interest on Federal Home Loan Bank advances	104	99	72	30	20
Interest on other borrowings	27	34	35	14	10
Interest on subordinated notes	15	18	22	22	22
Interest on junior subordinated debentures	17	20	19	10	11
Total interest expense	1,504	1,515	1,055	252	151
Net interest income	2,224	1,963	1,838	1,495	—
Provision for credit losses	96	101	114	79	−59
Net interest income after provision for credit losses	2,128	1,861	1,723	1,417	1,184
Wealth management	147	146	131	127	124
Mortgage banking	91	93	83	155	273
Service charges on deposit accounts	79	66	55	59	54
Gains (losses) on investment securities, net	8	−3	2	−20	−1
Fees from covered call options	21	10	22	14	4
Trading gains, net	2,000	504,000	1	4	245,000
Operating lease income, net	62	59	53	56	54
Other	93	116	87	68	78
Total non-interest income	502	488	434	461	586
Salaries and employee benefits	873	817	748	696	692
Software and equipment	142	123	105	96	88
Operating lease equipment	43	42	42	38	41
Occupancy, net	82	79	77	71	74
Data processing	47	40	39	31	27
Advertising and marketing	64	62	65	59	47
Professional fees	34	41	35	33	29
Amortization of other acquisition-related intangible assets	21	12	6	6	8
FDIC insurance	44	46	71	29	27
OREO expense, net	4	−408,000	−2	−140,000	−2
Other	159	141	127	118	101
Total non-interest expense	1,512	1,403	1,312	1,177	1,133
Income before taxes	1,118	947	845	701	638
Income tax expense	295	252	222	191	172
Net income	824	695	623	510	466
Preferred stock dividends	36	28	28	—	—
Less: Preferred stock redemption	14	0	0	—	—
Net income applicable to common shares	774	667	595	482	438
Net income per common share-Basic (usd per share)	11.57	10.47	9.72	8.14	7.69
Net income per common share-Diluted (usd per share)	11.4	10.31	9.58	8.02	7.58
Cash dividends declared per common share (usd per share)	2	1.8	1.6	1.36	1.24
Weighted average common shares outstanding (in shares)	67	64	61	59	57
Dilutive potential common shares (in shares)	998,000	1	938,000	886,000	792,000
Average common shares and dilutive common shares (in shares)	68	65	62	60	58

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and due from banks	468	452	423	491	411
Federal funds sold and securities purchased under resale agreements	64,000	7	60,000	58,000	700
Interest-bearing deposits with banks	3,181	4,410	2,084	1,989	5,373
Available-for-sale securities, at fair value	6,236	4,141	3,503	3,243	2,328
Held-to-maturity securities, at amortized cost, net of allowance for credit losses of $260 and $457 at December 31, 2025 and December 31, 2024, respectively ($2.8 billion and $2.9 billion fair value at December 31, 2025 and December 31, 2024, respectively)	3,344	3,613	3,857	3,641	2,942
Trading account securities	0	4	5	1	1
Equity securities with readily determinable fair value	64	215	139	110	91
Federal Home Loan Bank and Federal Reserve Bank stock	292	281	205	225	135
Brokerage customer receivables	0	18	11	16	26
Mortgage loans held-for-sale, at fair value	341	331	293	300	818
Loans, net of unearned income	53,105	48,055	42,132	39,196	34,789
Allowance for loan losses	−460	−437	−427	−357	−300
Premises, software and equipment, net	782	779	749	765	766
Lease investments, net	361	278	281	254	242
Accrued interest receivable and other assets	1,618	1,739	1,552	1,391	1,084
Receivable on unsettled securities sales	835	0	691	—	—
Goodwill	798	797	657	654	655
Other acquisition-related intangible assets	98	122	23	22	28
Total assets	71,142	64,880	56,260	52,950	50,142
Non-interest-bearing	11,424	11,410	10,420	12,668	14,180
Interest-bearing	46,293	41,102	34,977	30,234	27,916
Total deposits	57,717	52,512	45,397	42,903	42,096
Federal Home Loan Bank advances	3,500	3,200	2,300	2,300	1,200
Other borrowings	478	535	646	597	494
Subordinated notes	299	298	438	437	437
Junior subordinated debentures	254	254	254	254	254
Accrued interest payable and other liabilities	1,685	1,785	1,800	1,647	1,122
Total liabilities	63,883	58,535	50,860	48,153	45,643
Common stock, no par value; $1.00 stated value; 100,000,000 shares authorized at December 31, 2025 and December 31, 2024; 67,062,182 shares issued at December 31, 2025 and 66,560,182 shares issued at December 31, 2024	67	67	61	61	59
Surplus	2,534	2,483	1,944	1,902	1,686
Treasury stock, at cost, 87,269 shares at December 31, 2025 and 64,955 shares at December 31, 2024	−9	−6	−2	−304,000	—
Retained earnings	4,538	3,897	3,345	2,849	2,448
Accumulated other comprehensive loss	−296	−508	−361	−428	4
Total shareholders equity	7,259	6,344	5,400	4,797	4,499
Total liabilities and shareholders equity	71,142	64,880	56,260	52,950	50,142

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation, amortization and accretion, net	119	100	85	82	102
Deferred income tax expense (benefit)	45	11	−20	22	−3
Stock-based compensation expense	42	38	33	32	16
(Accretion) amortization of premium on securities, net	−11	−2	1	2	6
Accretion of discount and deferred fees on loans, net	−20	−19	−17	−20	−83
Mortgage servicing rights fair value changes	35	19	36	−37	17
Non-designated derivatives fair value changes, net	−6	61	−3	2	−569,000
Originations and purchases of mortgage loans held-for-sale	−2,583	−2,625	−1,962	−2,799	−6,804
Early buy-out exercises of mortgage loans held-for-sale guaranteed by U.S. government agencies, net of subsequent paydowns or payoffs	−34	−23	−26	80	88,000
Proceeds from sales of mortgage loans held-for-sale	2,600	2,609	1,963	3,146	7,442
Bank owned life insurance (BOLI) gains	−7	−6	−5	806,000	−6
Decrease (increase) in trading securities, net	4	635,000	−4	−66,000	−390,000
Decrease (increase) in brokerage customer receivables, net	18	−8	6	10	−9
Gains on mortgage loans sold	−65	−46	−38	−43	−214
Gains on premium financing receivables sold	0	−5	−890,000	0	0
(Gains) losses on investment securities, net, and dividend reinvestment on equity securities	−8	3	−2	20	1
Losses on sales of premises and equipment, net	438,000	336,000	1	3	−4
Losses (gains) on sales and fair value adjustments of other real estate owned, net	3	−2	−2	−792,000	−3
Increase in accrued interest receivable and other assets, net	−69	−131	−205	−92	188
(Decrease) increase in accrued interest payable and other liabilities, net	−58	−49	165	377	78
Net Cash Provided by Operating Activities	910	722	744	1,375	1,131
Proceeds from calls and sales of available-for-sale securities	1,688	1,770	1,881	17	1,482
Proceeds from payments and maturities of available-for-sale securities	641	589	385	369	—
Proceeds from payments, maturities and calls of held-to-maturity securities	269	242	191	211	308
Proceeds from sales of equity securities with readily determinable fair value	227	52	24	32	10
Proceeds from sales and capital distributions of equity securities without readily determinable fair value	1	2	67,000	1	3
Purchases of available-for-sale securities	−5,063	−1,749	−2,245	−2,762	−842
Purchases of held-to-maturity securities	0	0	−409	−911	−2,874
Purchases of equity securities with readily determinable fair value	−63	−126	−47	−59	−9
Purchases of equity securities without readily determinable fair value	−2	−7	−10	−17	−9
(Purchases) redemptions of FHLB and FRB stock, net	−10	−76	20	−89	210,000
(Contributions to) distributions from investments in partnerships, net	−11	3	7	5	−2
Net cash received (paid) in business combinations	0	531	−5	0	−585
Proceeds from sales of premium financing receivables, net	0	627	406	0	0
Proceeds from sale of other real estate owned	2	20	5	4	17
Decrease (increase) in interest-bearing deposits with banks, net	1,238	−2,334	−91	3,382	−569
Increase in loans, net	−5,036	−5,405	−3,303	−4,320	−2,101
Redemption of BOLI	351,000	367,000	574,000	960,000	332,000
Purchases of premises and equipment, net	−50	−86	−46	−53	−57
Net Cash Used for Investing Activities	−6,169	−5,946	−3,238	−3,491	−5,929
Increase in deposit accounts, net	5,205	4,805	2,495	807	5,007
(Decrease) increase in other borrowings, net	−74	−84	41	125	−28
Increase in Federal Home Loan Bank advances, net	300	825	10	1,075	—
Cash payments to settle contingent consideration liabilities recognized in business combinations	0	−6	−57,000	0	−17
Proceeds from the issuance of preferred stock, net	414	0	0	0	0
Repayment of subordinated notes	0	−140	0	0	—
Redemption of preferred stock	−413	0	0	—	—
Issuance of common shares resulting from exercise of stock options, employee stock purchase plan and director compensation plan	7	7	8	11	20
Common stock repurchases for tax withholdings related to stock-based compensation	−3	−4	−2	−304,000	0
Dividends paid	−169	−143	−126	−108	−99
Net Cash Provided by Financing Activities	5,268	5,260	2,426	2,196	4,887
Net Increase (Decrease) in Cash and Cash Equivalents	9	35	−68	80	89
Interest	1,489	1,518	1,026	239	157
Income taxes, net	222	253	232	153	179
Fair value of assets acquired, including cash and cash equivalents	0	2,612	24	0	591
Value ascribed to goodwill and other intangible assets	0	253	9	0	9
Fair value of liabilities assumed	0	2,365	12	0	6
Transfer to other real estate owned from loans	3	30	9	10	6

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro