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Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________________________ FORM 10-Q _________________________________________ ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐ For the transition period from to Commission File Number 001-35077 ________________________________ ...

Financial Data and Key Metrics Changes - The company reported record quarterly net income of $195.5 million, up from $189 million in the previous quarter [6] - Net interest income also reached a quarterly record of $547 million, driven by loan growth of $2.3 billion in the second quarter [6][10] - Total assets grew by $3.1 billion to $69 billion, including the impact of a $425 million preferred stock offering [11][16] Business Line Data and Key Metrics Changes - Residential mortgage activity increased slightly but remains muted in the current rate environment [8] - The property and casualty premium finance group saw over $1 billion in growth, while commercial real estate grew by $377 million [20][21] - The mortgage warehouse team grew by $213 million, indicating strong onboarding of new relationships [21] Market Data and Key Metrics Changes - The company experienced a 17% increase in deposits over the prior quarter, totaling $2.2 billion [10] - Loan growth for the first half of the year was $3 billion, representing a 12% annualized increase [11] - Non-performing loans as a percentage of total loans remained stable, with charge-offs for the quarter unchanged at 11 basis points [24] Company Strategy and Development Direction - The company aims for continued mid to high single-digit loan growth for the second half of the year, supported by strong pipelines [6][35] - Management emphasized a disciplined approach to growth, avoiding opportunities with unfavorable pricing or credit structures [7] - The company is cautiously optimistic about the overall business environment, with a focus on maintaining strong credit quality [24] Management's Comments on Operating Environment and Future Outlook - Management noted that credit quality remains very good, with a stable environment for non-performing loans and charge-offs [24] - There is a belief that the impacts of economic uncertainties will be limited due to strong underwriting standards [23] - The company is optimistic about the business environment as it enters the second half of the year, with strong pipelines in core markets [22][24] Other Important Information - The company continues to build tangible book value per share and has grown it every year since going public [16] - The recent preferred stock issuance will impact earnings per share calculations in the third quarter but will not affect operating net income [17][18] Q&A Session Summary Question: Loan growth expectations for Q3 - Management expects loan growth to be in line with historical trends, targeting mid to high single digits [35] Question: Sources of deposit growth - Deposit growth is broad-based, with significant contributions from commercial and consumer households [38] Question: Wealth management outsourcing progress - The conversion to the LPL platform is largely complete, and the company sees growth potential in the wealth management business [40] Question: NII growth sustainability - Management believes mid to high single-digit NII growth is reasonable given stable margins and asset growth [45] Question: Deregulation impact on M&A - The company is hopeful for regulatory adjustments that could facilitate growth and is open to acquisition opportunities [52] Question: Core C&I sentiment and growth - There is cautious optimism among core commercial clients, with sentiment improving compared to previous quarters [56] Question: Non-performing loans in CRE portfolio - The increase in non-performing loans is minor and attributed to a few specific credits, with overall management feeling confident [58] Question: Competitive pricing and loan yield compression - There has been some margin compression, but the company maintains a disciplined pricing strategy [66] Question: Capital targets and CET1 ratios - The company views a 10% CET1 ratio as a floor and expects gradual growth in capital with earnings [111]

Financial Data and Key Metrics Changes - The company reported record quarterly net income of $195.5 million, up from $189 million in the previous quarter, representing a growth of approximately 2.6% [5] - Net interest income also reached a record high of $547 million, driven by loan growth of $2.3 billion in the second quarter, which reflects a 19% annualized increase [5][10] - Total assets grew by $3.1 billion to $69 billion, including the impact of a $425 million preferred stock offering [11] Business Line Data and Key Metrics Changes - Residential mortgage activity increased slightly but remains muted in the current rate environment, with the company managing expenses to protect financial results [7] - The property and casualty premium finance group saw growth of over $1 billion, while commercial real estate grew by $377 million and mortgage warehouse grew by $213 million [19][20] - Non-interest income totaled $124.1 million, up approximately $7.5 million from the prior quarter, with increases in mortgage banking and wealth management revenue [13] Market Data and Key Metrics Changes - The company experienced a 17% increase in deposit growth, amounting to $2.2 billion on an annualized basis, which helped fund the strong loan growth [9] - The net interest margin for the quarter remained stable at 3.54%, indicating effective management of interest income and expenses [6][12] Company Strategy and Development Direction - The company aims for continued mid to high single-digit loan growth for the second half of the year, supported by strong pipelines and disciplined growth strategies [5][21] - Management emphasized a client-first approach, focusing on delivering sophisticated financial solutions while maintaining expense discipline [26] - The company is cautiously optimistic about the overall business environment, with a focus on maintaining strong credit quality and managing risks effectively [22] Management's Comments on Operating Environment and Future Outlook - Management noted that credit quality remains strong, with non-performing loans stable and charge-offs unchanged from the previous quarter [22][23] - There is a belief that the impacts of economic uncertainties will be limited due to strong underwriting standards and a diversified portfolio [21] - The company is optimistic about the potential for M&A activity, driven by market dynamics and opportunities arising from regulatory changes [51][92] Other Important Information - The company continues to build tangible book value per share and has grown it every year since going public [15] - The recent preferred stock issuance will impact earnings per share calculations in the third quarter, but not operating net income [16][17] Q&A Session Summary Question: Loan growth expectations for Q3 - Management expects loan growth to remain in the mid to high single digits based on the June 30 balance [33][34] Question: Sources of deposit growth - Deposit growth is broad-based, with significant contributions from commercial and consumer households [36] Question: Wealth management outsourcing progress - The conversion to the LPL platform is largely complete, and the focus is now on serving clients and growing the wealth business [37] Question: NII growth sustainability amid deposit competition - Management anticipates mid to high single-digit NII growth, supported by stable margins and asset growth [43][46] Question: Impact of deregulation on the company - Management is hopeful for regulatory adjustments that could facilitate growth and acquisition opportunities [51] Question: Borrower sentiment and loan growth - Borrower sentiment is cautiously optimistic, with improved confidence in the economic environment [111] Question: Non-performing loans in the CRE portfolio - The increase in non-performing loans is attributed to a few specific credits, but overall management remains confident in the portfolio's health [96]

Financial Performance Highlights - Net income for the first six months of 2025 reached a record of $384.6 million, an increase of $44.9 million or 13% compared to the same period in 2024[10] - Diluted earnings per share (EPS) for the first six months of 2025 were $5.47, up $0.26 or 5% from the same period in 2024[10] - Net interest income for the first six months of 2025 was $1.1 billion, an increase of $138.4 million or 15% compared to the same period in 2024[10] - Total assets reached $69.0 billion, an increase of $9.2 billion or 15% compared to June 2024[10, 16] - Total loans amounted to $51.0 billion, an increase of $6.3 billion or 14% compared to June 2024[10, 16] - Total deposits increased to $55.8 billion, an increase of $7.8 billion or 16% compared to June 2024[10, 16] Balance Sheet and Capital - Tangible book value per common share (non-GAAP) increased to $81.86 as of June 30, 2025[10, 14] - The investment portfolio totaled $8.7 billion as of June 30, 2025, representing 13% of total assets[41] Credit Quality - Non-performing loans totaled $189 million, comprising 0.37% of total loans as of June 30, 2025[16]

Core Insights - Wintrust Financial (WTFC) reported a revenue of $670.78 million for the quarter ended June 2025, reflecting a year-over-year increase of 13.4% [1] - The earnings per share (EPS) for the same quarter was $2.78, up from $2.32 in the previous year [1] - The reported revenue exceeded the Zacks Consensus Estimate of $655.9 million, resulting in a surprise of +2.27% [1] - The company also delivered an EPS surprise of +7.34%, with the consensus EPS estimate being $2.59 [1] Key Metrics - Efficiency Ratio stood at 56.9%, slightly better than the five-analyst average estimate of 57.1% [4] - Net Interest Margin was reported at 3.5%, matching the five-analyst average estimate [4] - Average balance of Total earning assets was $62.22 billion, surpassing the $61.33 billion average estimate from three analysts [4] - Net charge-offs to average loan ratio was 0.1%, better than the three-analyst average estimate of 0.2% [4] - Tier 1 leverage ratio was 10.2%, exceeding the 9.6% average estimate based on two analysts [4] - Total Non-Interest Income reached $124.09 million, compared to the $117.8 million estimated by five analysts [4] - Net interest income - FTE was $549.57 million, above the four-analyst average estimate of $542.14 million [4] - Net Interest Income was reported at $546.69 million, exceeding the four-analyst average estimate of $536.91 million [4] - Wealth management income was $36.82 million, higher than the three-analyst average estimate of $34.83 million [4] - Fees from covered call options amounted to $5.62 million, significantly above the $2.33 million average estimate from three analysts [4] - Mortgage banking income was $23.17 million, slightly below the three-analyst average estimate of $25.59 million [4] - Operating lease income, net was reported at $15.17 million, matching the three-analyst average estimate [4] Stock Performance - Wintrust shares have returned +11.4% over the past month, outperforming the Zacks S&P 500 composite's +5.4% change [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]

Wintrust Financial (WTFC) came out with quarterly earnings of $2.78 per share, beating the Zacks Consensus Estimate of $2.59 per share. This compares to earnings of $2.32 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +7.34%. A quarter ago, it was expected that this bank holding company would post earnings of $2.52 per share when it actually produced earnings of $2.69, delivering a surprise of +6.75%. Over the last four quar ...

[Earnings Summary](index=1&type=section&id=Wintrust%20Financial%20Corporation%20Reports%20Record%20Net%20Income) [Q2 2025 Performance Highlights](index=1&type=section&id=Q2%202025%20Performance%20Highlights) Wintrust Financial Corporation reported record net income of $195.5 million for Q2 2025, driven by strong balance sheet growth and a stable net interest margin of 3.54%, with significant annualized growth in loans, deposits, and total assets Q2 2025 vs Q1 2025 Financial Performance | Metric | Q2 2025 | Q1 2025 | | :--- | :--- | :--- | | Net Income | $195.5 million | $189.0 million | | Diluted EPS | $2.78 | $2.69 | | Pre-tax, Pre-provision Income (non-GAAP) | $289.3 million | $277.0 million | Q2 2025 Key Growth Metrics (vs Q1 2025, Annualized) | Metric | Growth Rate | | :--- | :--- | | Total Loans | 19% | | Total Deposits | 17% | | Total Assets | 19% | - CEO Timothy S. Crane attributed the record results to a combination of balance sheet growth and a stable net interest margin, which was **3.54%** in Q2 2025[4](index=4&type=chunk) - The company expects continued loan growth in the **mid-to-high single digits** for the second half of the year, while maintaining conservative credit standards[6](index=6&type=chunk) [Financial Performance Analysis](index=10&type=section&id=SUMMARY%20OF%20RESULTS%3A) [Balance Sheet Analysis](index=10&type=section&id=BALANCE%20SHEET) In Q2 2025, total assets grew by $3.1 billion, primarily driven by a $2.3 billion increase in loans funded by a $2.2 billion rise in deposits, maintaining a 91.4% loans-to-deposits ratio - Total assets increased by **$3.1 billion**, total loans by **$2.3 billion**, and total deposits by **$2.2 billion** in Q2 2025 compared to Q1 2025[19](index=19&type=chunk)[20](index=20&type=chunk) - The loans-to-deposits ratio was **91.4%** at the end of Q2 2025[20](index=20&type=chunk) - The company issued **$425 million** of Series F Preferred Stock on May 22, 2025, in anticipation of redeeming **$412.5 million** of Series D and Series E preferred stock on July 15, 2025[21](index=21&type=chunk) [Net Interest Income Analysis](index=10&type=section&id=NET%20INTEREST%20INCOME) Net interest income for Q2 2025 rose to $546.7 million, primarily fueled by a $1.9 billion increase in average earning assets, with the net interest margin remaining stable at 3.52% (3.54% FTE) Net Interest Income and Margin (Q2 2025 vs Q1 2025) | Metric | Q2 2025 | Q1 2025 | Change | | :--- | :--- | :--- | :--- | | Net Interest Income | $546.7M | $526.5M | +$20.2M | | Net Interest Margin (NIM) | 3.52% | 3.54% | -2 bps | | NIM (FTE, non-GAAP) | 3.54% | 3.56% | -2 bps | - The increase in NII was mainly due to a **$1.9 billion** growth in average earning assets, representing a **12% annualized increase**[23](index=23&type=chunk) [Asset Quality](index=10&type=section&id=ASSET%20QUALITY) Asset quality remained strong and stable in Q2 2025, with a lower provision for credit losses of $22.2 million and stable net charge-offs at 11 basis points, despite a slight increase in non-performing assets Credit Quality Metrics (Q2 2025 vs Q1 2025) | Metric | Q2 2025 | Q1 2025 | | :--- | :--- | :--- | | Provision for Credit Losses | $22.2M | $24.0M | | Net Charge-offs | $13.3M | $12.6M | | Net Charge-offs to Avg. Loans (annualized) | 0.11% | 0.11% | | Non-performing Assets to Total Assets | 0.31% | 0.30% | - The allowance for credit losses increased to **$457.5 million** from **$448.4 million** at the end of Q1 2025[26](index=26&type=chunk) - Non-performing loans totaled **$188.8 million**, or **0.37% of total loans**, at the end of Q2 2025, up from **$172.4 million (0.35%)** in Q1 2025[30](index=30&type=chunk) [Non-Interest Income Analysis](index=11&type=section&id=NON-INTEREST%20INCOME) Non-interest income increased by $7.5 million to $124.1 million in Q2 2025, driven by growth in wealth management, mortgage banking, and fees from covered call options Non-Interest Income Breakdown (Q2 2025 vs Q1 2025) | Category | Q2 2025 | Q1 2025 | Change | | :--- | :--- | :--- | :--- | | Total Non-Interest Income | $124.1M | $116.6M | +$7.5M | | Wealth Management Revenue | $36.8M | $34.0M | +$2.8M | | Mortgage Banking Revenue | $23.2M | $20.5M | +$2.6M | | Fees from Covered Call Options | $5.6M | $3.4M | +$2.2M | [Non-Interest Expense Analysis](index=11&type=section&id=NON-INTEREST%20EXPENSE) Non-interest expense rose by $15.4 million to $381.5 million in Q2 2025, primarily due to increases in salaries and employee benefits and seasonal advertising and marketing expenses Non-Interest Expense Breakdown (Q2 2025 vs Q1 2025) | Category | Q2 2025 | Q1 2025 | Change | | :--- | :--- | :--- | :--- | | Total Non-Interest Expense | $381.5M | $366.1M | +$15.4M | | Salaries and Employee Benefits | - | - | +$8.0M | | Advertising and Marketing | $18.8M | $12.3M | +$6.5M | - Advertising and marketing expenses are typically higher in the second and third quarters due to seasonal sponsorships[39](index=39&type=chunk) [Income Taxes](index=12&type=section&id=INCOME%20TAXES) The company recorded income tax expense of $71.6 million in Q2 2025, with an effective tax rate of 26.79%, higher than Q1 due to a smaller net excess tax benefit from share-based compensation Income Tax Metrics (Q2 2025 vs Q1 2025) | Metric | Q2 2025 | Q1 2025 | | :--- | :--- | :--- | | Income Tax Expense | $71.6M | $64.0M | | Effective Tax Rate | 26.79% | 25.30% | | Net Excess Tax Benefit | $80,000 | $3.7M | [Business Segment Review](index=12&type=section&id=BUSINESS%20SUMMARY) [Community Banking](index=12&type=section&id=Community%20Banking) The Community Banking segment experienced growth in its loan portfolios and increased mortgage banking revenue in Q2 2025, with solid loan pipelines indicating continued momentum - Mortgage banking revenue increased by **$2.6 million** to **$23.2 million** in Q2 2025[44](index=44&type=chunk) - Service charges on deposit accounts were stable at **$19.5 million**[44](index=44&type=chunk) - Gross commercial and commercial real estate loan pipelines remained strong, suggesting continued loan growth in Q3 2025[44](index=44&type=chunk) [Specialty Finance](index=12&type=section&id=Specialty%20Finance) The Specialty Finance segment showed strong activity in Q2 2025, with insurance premium financing originations reaching $6.1 billion and growth in the leasing division's portfolio - Insurance premium financing receivables originations totaled **$6.1 billion** in Q2 2025[45](index=45&type=chunk) - The leasing division's portfolio balances increased, with capital leases, loans, and equipment on operating leases reaching **$2.8 billion**, **$1.2 billion**, and **$289.8 million**, respectively[45](index=45&type=chunk) [Wealth Management](index=12&type=section&id=Wealth%20Management) The Wealth Management segment reported total revenue of $36.8 million in Q2 2025, managing approximately $53.2 billion of assets under administration Wealth Management Metrics (Q2 2025) | Metric | Value | | :--- | :--- | | Revenue | $36.8 million | | Assets Under Administration | $53.2 billion | [Financial Tables](index=13&type=section&id=Financial%20Tables) [Key Operating Measures & Selected Financial Highlights](index=13&type=section&id=WINTRUST%20FINANCIAL%20CORPORATION%20Key%20Operating%20Measures) Wintrust reported strong key operating measures for Q2 2025, including a 28% YoY increase in net income to $195.5 million and significant balance sheet growth, with total assets reaching $69.0 billion Key Operating Measures (Q2 2025 vs Q2 2024) | Metric | Q2 2025 | Q2 2024 | % Change | | :--- | :--- | :--- | :--- | | Net Income | $195.5M | $152.4M | 28% | | Diluted EPS | $2.78 | $2.32 | 20% | | Net Revenue | $670.8M | $591.8M | 13% | | Total Assets | $69.0B | $59.8B | 15% | | Total Loans | $51.0B | $44.7B | 14% | | Total Deposits | $55.8B | $48.0B | 16% | Key Financial Ratios (Q2 2025) | Ratio | Value | | :--- | :--- | | Net Interest Margin | 3.52% | | Return on Average Assets | 1.19% | | Return on Average Common Equity | 12.07% | | Book Value per Common Share | $95.43 | | Tangible Book Value per Common Share (non-GAAP) | $81.86 | [Consolidated Financial Statements](index=16&type=section&id=CONSOLIDATED%20STATEMENTS%20OF%20CONDITION) The Consolidated Statement of Condition as of June 30, 2025, shows total assets of $69.0 billion and total deposits of $55.8 billion, while the Consolidated Statement of Income for Q2 2025 reports net income of $195.5 million Consolidated Statement of Condition Highlights (as of June 30, 2025) | Account | Amount (in thousands) | | :--- | :--- | | **Assets** | | | Total Assets | $68,983,318 | | Net Loans | $50,650,025 | | **Liabilities & Equity** | | | Total Deposits | $55,816,811 | | Total Liabilities | $61,757,622 | | Total Shareholders' Equity | $7,225,696 | Consolidated Statement of Income Highlights (for Three Months Ended June 30, 2025) | Account | Amount (in thousands) | | :--- | :--- | | Net Interest Income | $546,694 | | Provision for Credit Losses | $22,234 | | Non-interest Income | $124,089 | | Non-interest Expense | $381,461 | | **Net Income** | **$195,527** | [Detailed Loan and Deposit Analysis](index=18&type=section&id=TABLE%201%3A%20LOAN%20PORTFOLIO%20MIX%20AND%20GROWTH%20RATES) Total loans grew to $51.0 billion in Q2 2025, a 19% annualized increase, with broad-based growth across core and niche loans, while total deposits increased to $55.8 billion, driven by money market and NOW accounts - Total loans reached **$51.0 billion**, a **19% annualized growth** from Q1 2025. Core loans grew **11%** and niche loans grew **31%** on an annualized basis[56](index=56&type=chunk) - Total deposits grew to **$55.8 billion**, a **17% annualized increase** from Q1 2025. Non-interest-bearing deposits decreased by **12% annualized**, now comprising **19%** of the total deposit mix, down from **21%** in Q1[59](index=59&type=chunk) - As of June 30, 2025, the company held **$10.3 billion** in time certificates of deposit with a weighted-average rate of **3.78%**. The largest tranche, **$4.5 billion**, is set to mature in 4-6 months[61](index=61&type=chunk) [Detailed Net Interest Income and Margin Analysis](index=20&type=section&id=TABLE%204%3A%20QUARTERLY%20AVERAGE%20BALANCES) In Q2 2025, average earning assets grew to $62.2 billion, driving a $20.2 million increase in net interest income to $546.7 million, with a stable fully taxable-equivalent net interest margin of 3.54% Quarterly Average Balances (Q2 2025 vs Q1 2025) | Category | Q2 2025 (Avg) | Q1 2025 (Avg) | | :--- | :--- | :--- | | Total Earning Assets | $62.2B | $60.3B | | Total Loans | $49.5B | $47.8B | | Total Interest-bearing Liabilities | $46.9B | $45.4B | | Non-interest-bearing Deposits | $10.6B | $10.7B | Quarterly Net Interest Margin Analysis (Q2 2025) | Metric | Value | | :--- | :--- | | Yield on Earning Assets | 5.96% | | Rate on Interest-bearing Liabilities | 3.20% | | Interest Rate Spread | 2.76% | | Net Interest Margin (GAAP) | 3.52% | | Net Interest Margin (FTE, non-GAAP) | 3.54% | [Interest Rate Sensitivity](index=24&type=section&id=TABLE%208%3A%20INTEREST%20RATE%20SENSITIVITY) The company's interest rate sensitivity profile remains relatively neutral, with minimal projected impact on net interest income from gradual rate changes, as most variable-rate loans are tied to SOFR and CMT indices Net Interest Income Sensitivity (Ramp Scenario, as of June 30, 2025) | Rate Change | % Change in NII | | :--- | :--- | | +200 bps | 0.0% | | +100 bps | 0.0% | | -100 bps | (0.1)% | | -200 bps | (0.4)% | - Of the **$51.0 billion** total loan portfolio, **$30.8 billion** are variable-rate loans[78](index=78&type=chunk) - The largest portion of variable-rate loans is tied to SOFR tenors (**$19.5 billion**), followed by the 12-month CMT (**$6.9 billion**)[78](index=78&type=chunk) [Detailed Asset Quality Analysis](index=27&type=section&id=TABLE%2010%3A%20ALLOWANCE%20FOR%20CREDIT%20LOSSES) The allowance for credit losses stood at $457.5 million at the end of Q2 2025, with stable net charge-offs and increased non-performing loans, maintaining strong ACL coverage Allowance for Credit Losses Rollforward (Q2 2025) | Item | Amount (in thousands) | | :--- | :--- | | Beginning ACL (Q1'25) | $448,387 | | Provision for Credit Losses | $22,234 | | Net Charge-offs | ($13,340) | | **Ending ACL (Q2'25)** | **$457,461** | - The allowance for core loans was **1.37%** of the total core loan balance, stable from Q1 2025[85](index=85&type=chunk) - Total non-performing loans increased to **$188.8 million (0.37% of total loans)** from **$172.4 million (0.35% of total loans)** in the prior quarter[87](index=87&type=chunk)[89](index=89&type=chunk) [Detailed Non-Interest Income and Expense Analysis](index=32&type=section&id=TABLE%2015%3A%20NON-INTEREST%20INCOME) Total non-interest income for Q2 2025 increased by 6% to $124.1 million, driven by wealth management and mortgage banking, while total non-interest expense rose 4% to $381.5 million due to salaries and advertising Non-Interest Income Key Items (Q2 2025 vs Q1 2025) | Category | Q2 2025 | Q1 2025 | % Change | | :--- | :--- | :--- | :--- | | Total Non-Interest Income | $124.1M | $116.6M | 6% | | Wealth Management | $36.8M | $34.0M | 8% | | Mortgage Banking | $23.2M | $20.5M | 13% | Non-Interest Expense Key Items (Q2 2025 vs Q1 2025) | Category | Q2 2025 | Q1 2025 | % Change | | :--- | :--- | :--- | :--- | | Total Non-Interest Expense | $381.5M | $366.1M | 4% | | Salaries and Employee Benefits | $219.5M | $211.5M | 4% | | Advertising and Marketing | $18.8M | $12.3M | 53% | - Mortgage originations for sale increased to **$681.5 million** in Q2 2025 from **$460.5 million** in Q1 2025, with the production margin improving to **2.07%** from **1.80%**[94](index=94&type=chunk) [Supplementary Information](index=37&type=section&id=TABLE%2018%3A%20SUPPLEMENTAL%20NON-GAAP%20FINANCIAL%20MEASURES%2FRATIOS) [Non-GAAP Financial Measures](index=37&type=section&id=Non-GAAP%20Financial%20Measures) The company utilizes non-GAAP measures such as taxable-equivalent net interest margin (3.54%), tangible book value per common share ($81.86), and pre-tax, pre-provision income ($289.3 million) to provide a more meaningful view of core performance and equity Key Non-GAAP Metrics (Q2 2025) | Metric | Value | | :--- | :--- | | Net Interest Margin, FTE | 3.54% | | Tangible Book Value per Common Share | $81.86 | | Return on Average Tangible Common Equity | 14.44% | | Pre-tax, Pre-provision Income | $289.3M | - Management believes non-GAAP measures like tangible common equity ratio and tangible book value per common share are useful for measuring the company's equity, while pre-tax, pre-provision income is a useful measure of core net income[99](index=99&type=chunk)[100](index=100&type=chunk) [Corporate Information and Forward-Looking Statements](index=39&type=section&id=WINTRUST%20SUBSIDIARIES) Wintrust Financial Corporation operates through 16 community bank subsidiaries and various non-bank businesses, with its forward-looking statements subject to economic, regulatory, and market risks, and a conference call scheduled for July 22, 2025 - Wintrust operates **16 community bank subsidiaries** and several non-bank businesses like FIRST Insurance Funding, Wintrust Mortgage, and Great Lakes Advisors LLC[103](index=103&type=chunk)[105](index=105&type=chunk) - The document includes a safe harbor statement for forward-looking statements, noting that actual results could differ materially due to various factors including economic conditions, interest rate changes, and competitive pressures[104](index=104&type=chunk)[106](index=106&type=chunk) - A conference call to discuss the Q2 2025 earnings is scheduled for **July 22, 2025**[109](index=109&type=chunk)

Core Insights - Wintrust Financial Corporation reported record net income of $384.6 million for the first half of 2025, an increase from $339.7 million in the same period of 2024, with diluted earnings per share rising to $5.47 from $5.21 [1] - The company achieved record quarterly net income of $195.5 million in Q2 2025, up from $189.0 million in Q1 2025, with pre-tax, pre-provision income also reaching a record of $289.3 million [2][3] - The CEO highlighted strong balance sheet growth and a stable net interest margin of 3.54% in Q2 2025, driven by average earning asset growth [3][4] Financial Performance - Total loans increased by $2.3 billion, or 19% annualized, while total deposits rose by approximately $2.2 billion, or 17% annualized in Q2 2025 [4][5] - Net interest income for Q2 2025 was $546.7 million, an increase from $526.5 million in Q1 2025, attributed to strong average earning asset growth of $1.9 billion [5][11] - Non-interest income totaled $124.1 million in Q2 2025, up from $116.6 million in Q1 2025, with wealth management revenue increasing to $36.8 million [19][20] Asset Quality - The allowance for credit losses was $457.5 million as of June 30, 2025, with a provision for credit losses of $22.2 million in Q2 2025, down from $24.0 million in Q1 2025 [14][16] - Net charge-offs totaled $13.3 million in Q2 2025, consistent with the previous quarter at 11 basis points of average total loans [16][18] Business Segments - Community banking saw growth in commercial, commercial real estate, and residential real estate loan portfolios in Q2 2025 [30][31] - Specialty finance reported originations of $6.1 billion in insurance premium financing receivables during Q2 2025, with significant increases in average balances [32] - Wealth management services generated $36.8 million in revenue, with approximately $53.2 billion in assets under administration as of June 30, 2025 [33] Capital and Ratios - The company completed the issuance of $425 million of Series F Preferred Stock, redeeming $412.5 million of Series D and E preferred stock [9] - As of June 30, 2025, the Tier 1 capital ratio was 11.4%, and the total capital ratio was 12.9% [41]

Group 1 - The article discusses the recent IPO of Wintrust Financial Corporation's 7.875% Depositary Shares Fixed-to-Reset [1] - It invites active investors to join a free trial and engage in discussions with sophisticated traders and investors [1] Group 2 - The article emphasizes that past performance is not indicative of future results and does not provide specific investment recommendations [2] - It clarifies that the analysts involved may not be licensed or certified by any regulatory body [2]