WINTRUST FINANCIAL CORP Leases Disclosure
| Year Ended | ||||||||||||||||||||
(In thousands) | December 31, 2025 | December 31, 2024 | December 31, 2023 | |||||||||||||||||
| Operating lease cost | $ | 25,277 | $ | 23,446 | $ | 22,337 | ||||||||||||||
| Finance lease cost: | ||||||||||||||||||||
| Amortization of right-of-use asset | 249 | 249 | 219 | |||||||||||||||||
| Interest on lease liability | 365 | 366 | 290 | |||||||||||||||||
| Short-term lease cost | 143 | 111 | 41 | |||||||||||||||||
| Variable lease cost | 3,640 | 2,865 | 2,391 | |||||||||||||||||
| Sublease income | — | (80) | (70) | |||||||||||||||||
| Total lease cost | $ | 29,674 | $ | 26,957 | $ | 25,208 | ||||||||||||||
| Year Ended | ||||||||||||||
| (In thousands) | December 31, 2025 | December 31, 2024 | ||||||||||||
| Cash paid for amounts included in the measurement of operating lease liabilities | $ | 25,584 | $ | 24,940 | ||||||||||
| Cash paid for amounts included in the measurement of finance lease liabilities | 429 | 349 | ||||||||||||
| Right-of-use asset obtained in exchange for new operating lease liabilities | 11,230 | 9,538 | ||||||||||||
| Right-of-use asset obtained in exchange for new finance lease liabilities | — | 1,222 | ||||||||||||
| Weighted average remaining lease term - operating leases | 9.43 years | 9.87 years | ||||||||||||
| Weighted average remaining lease term - finance leases | 34.89 | 36.49 | ||||||||||||
| Weighted average discount rate - operating leases | 4.43 | % | 4.30 | % | ||||||||||
| Weighted average discount rate - finance leases | 3.93 | 3.93 | ||||||||||||
(In thousands) | Payments | |||||||
| 2026 | $ | 24,679 | ||||||
| 2027 | 23,896 | |||||||
| 2028 | 21,925 | |||||||
| 2029 | 19,734 | |||||||
| 2030 | 13,686 | |||||||
| 2031 and thereafter | 92,705 | |||||||
| Total minimum future amounts | $ | 196,625 | ||||||
| Impact of measuring the lease liability on a discounted basis | (53,888) | |||||||
| $ | 142,737 | |||||||
| Receipts | |||||
| 2026 | $ | 3,416 | |||
| 2027 | 2,791 | ||||
| 2028 | 1,672 | ||||
| 2029 | 1,152 | ||||
| 2030 | 690 | ||||
| 2031 and thereafter | 3,367 | ||||
| Total minimum future amounts | $ | 13,088 | |||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 26, 2026 | Showing above |
| 2024 | Feb 28, 2025 | |
| 2023 | Feb 28, 2024 | |
| 2022 | Feb 28, 2023 | |
| 2021 | Feb 25, 2022 | |
| 2020 | Feb 26, 2021 | |
| 2019 | Feb 28, 2020 | |
| 2018 | Feb 28, 2019 | |
| 2017 | Feb 28, 2018 | |
| 2016 | Feb 28, 2017 | |
| 2015 | Feb 29, 2016 | |
About Leases Disclosures
Lease disclosures under ASC 842 provide a comprehensive view of a company's leased asset portfolio, including the split between operating and finance leases, discount rates used to present-value future payments, and the maturity schedule of lease obligations. This section reveals a significant source of off-balance-sheet commitments that were largely hidden before the current standard.
Key signals: the weighted-average discount rate affects the size of recorded lease liabilities — a higher rate reduces the reported obligation, so compare the chosen rate against the company's incremental borrowing rate. The operating versus finance lease mix affects both EBITDA and operating income presentation. Watch the maturity table for concentration risk: large payment cliffs in specific years may create cash flow pressure. Variable lease payments excluded from the liability measurement represent real obligations that do not appear on the balance sheet. Compare total lease costs against prior-year operating lease expense to assess the true economic burden.