Wintrust Financial Corporation Earnings Release Presentation Q1 2024 WINTRUST Forward Looking Statements PENDING - LEGAL 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 f ...

News Release Wintrust Financial Corporation Reports Record First Quarter 2024 Net Income Additionally, Mr. Crane noted, "The first quarter exhibited funding strong loan growth with competitively-priced deposits in accordance with the increased loan demand. Increasing our long-term franchise value and net interest income remains our focus as we consider opportunities in the markets we serve." Mr. Crane noted, "Our net interest margin for the first quarter stayed within our expected range, decreasing by five ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☑ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2023 ☐ 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 Wintrust Financial Corporation (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organi ...

Financial Data and Key Metrics Changes - For the full year 2023, the company reported record net income of just over $622 million, up 22% compared to 2022 [7] - In Q4 2023, net income was just over $123 million, despite recognizing a $34.4 million extraordinary expense related to the FDIC Fund and a $10 million write-down of certain mortgage-related assets [9] - Record net interest income of $470 million in Q4 2023, an increase of approximately $8 million from Q3 2023, driven by a net interest margin increase of 2 basis points to 3.64% [10][18] Business Line Data and Key Metrics Changes - Loans grew by approximately $686 million or 7% on an annualized basis in Q4 2023, primarily driven by commercial real estate and commercial premium finance [15] - Total non-interest income was $100.8 million in Q4 2023, down approximately $11.6 million from the prior quarter, mainly due to a $20 million decline in mortgage banking revenue [24] - Non-interest expenses totaled $362.7 million in Q4 2023, up approximately $32.6 million from the prior quarter, largely due to a $34.4 million special assessment by the FDIC [29] Market Data and Key Metrics Changes - Total assets grew by approximately $705 million in Q4 2023, with a slight increase in the loan-to-deposit ratio [17] - Non-interest bearing deposits remained stable at 23% of total deposits, indicating stabilization in the latter half of 2023 [16] Company Strategy and Development Direction - The company aims to continue loan growth in the mid to high-single digit range, funded through deposit increases at similar levels [51] - Management believes the company is well-positioned to take advantage of the current environment with its diverse business model and strong market presence in Chicago and Milwaukee [49] Management Comments on Operating Environment and Future Outlook - Management expects credit performance to normalize from low levels, with continued low losses and non-performing loans (NPLs) [11] - The company anticipates maintaining a stable net interest margin in a narrow range, assuming interest rates remain relatively stable [20] - Management expressed optimism about loan growth in 2024, supported by a diversified portfolio and solid pipelines [38] Other Important Information - The tangible book value increased by $385 million to over $70 a share during Q4 2023, reflecting a material improvement in accumulated other comprehensive income (AOCI) [12] - The company has a strong liquidity position and has consistently increased its book value over the past decade [13] Q&A Session Summary Question: Can you talk about your expectations for the margin to remain in the current range? - Management indicated that the asset-sensitive loan book continues to reprice closely with deposit costs, expecting stability in the spread between loans and deposits [53][54] Question: What is the outlook for mortgage revenue? - Management noted that application volumes are increasing early in 2024, suggesting a potential rebound in mortgage revenue [60] Question: Can you discuss the potential need to build reserves in early 2024? - Management stated that the current reserves are adequate, and the provisioning is influenced by macroeconomic factors rather than solely the quality of the portfolio [64][66] Question: What is the capital outlook for 2024? - Management confirmed that earnings should support loan growth, and while M&A conversations are active, there is no immediate change expected [71] Question: How do you expect loan yields to trend in the middle part of the year? - Management indicated that the repricing of the commercial premium finance book is ongoing, while the life insurance premium finance book's yields are expected to remain stable [108]

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 September 30, 2023 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 ___________________________ ...

Wintrust Financial Corporation (NASDAQ:WTFC) Q3 2023 Earnings Call Transcript October 18, 2023 11:00 AM ET Company Participants Tim Crane - President and Chief Executive Officer David Dykstra - Vice Chairman and Chief Operating Officer Richard Murphy - Vice Chairman and Chief Lending Officer Conference Call Participants Jon Arfstrom - RBC Capital Markets Chris McGratty - KBW Terry McEvoy - Stephens Inc. David Long - Raymond James Casey Haire - Jefferies Jeff Rulis - D.A. Davidson Brody Preston - UBS Operato ...

☐ Table of Contents For the transition period from to 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, 2023 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Indicate by check mark whether the registrant (1) has filed all r ...

Wintrust Financial Corporation (NASDAQ:WTFC) Q2 2023 Earnings Conference Call July 20, 2023 10:00 AM ET Company Participants Timothy Crane - President and Chief Executive Officer David Alan Dykstra - Vice Chairman and Chief Operating Officer Richard Murphy - Vice Chairman and Chief Lending Officer Conference Call Participants Jon Arfstrom - RBC Capital Markets David Long - Raymond James Terry McEvoy - Stephens Inc. Ben Gerlinger - Hovde Group Christopher McGratty - Keefe, Bruyette & Woods, Inc. Brody Presto ...

Wintrust Financial Corporation Earnings Release Presentation Q2 2023 WINTRUST Forward Looking Statements 22 PENDING 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, ar ...

PART I — FINANCIAL INFORMATION [Financial Statements](index=4&type=section&id=ITEM%201.%20Financial%20Statements) Presents Wintrust Financial Corporation's unaudited consolidated financial statements for Q1 2023, detailing financial condition, income, and accounting policies Consolidated Statement of Condition Highlights (Unaudited) | (In thousands) | March 31, 2023 | December 31, 2022 | | :--- | :--- | :--- | | **Total Assets** | **$52,873,511** | **$52,949,649** | | Net Loans | $39,277,499 | $38,926,312 | | Total Deposits | $42,718,211 | $42,902,544 | | **Total Liabilities** | **$47,858,005** | **$48,152,811** | | **Total Shareholders' Equity** | **$5,015,506** | **$4,796,838** | Consolidated Statement of Income Highlights (Unaudited) | (In thousands, except per share data) | Three Months Ended March 31, 2023 | Three Months Ended March 31, 2022 | | :--- | :--- | :--- | | Net Interest Income | $457,995 | $299,294 | | Provision for Credit Losses | $23,045 | $4,106 | | **Net Income** | **$180,198** | **$127,391** | | Net Income Applicable to Common Shares | $173,207 | $120,400 | | **Net Income per Common Share—Diluted** | **$2.80** | **$2.07** | [Notes to Unaudited Consolidated Financial Statements](index=9&type=section&id=Notes%20to%20Unaudited%20Consolidated%20Financial%20Statements) Detailed notes explain the company's accounting policies, financial statement components, and recent accounting developments including ASU 2022-02 adoption - The company adopted ASU 2022-02, eliminating separate guidance for Troubled Debt Restructurings (TDRs), resulting in a cumulative-effect adjustment of **$741,000** to the allowance for loan losses, recorded as a direct adjustment to retained earnings[20](index=20&type=chunk) Investment Securities Summary (March 31, 2023) | (In thousands) | Amortized Cost | Fair Value | | :--- | :--- | :--- | | **Available-for-sale securities** | **$3,739,980** | **$3,259,845** | | Mortgage-backed securities | $3,395,928 | $2,935,974 | | **Held-to-maturity securities** | **$3,606,854** | **$2,976,198** | | Mortgage-backed securities | $3,034,465 | $2,479,816 | Loan Portfolio Composition | (In thousands) | March 31, 2023 | March 31, 2022 | | :--- | :--- | :--- | | Commercial | $12,576,985 | $11,583,963 | | Commercial real estate | $10,239,078 | $9,235,074 | | Premium finance receivables | $13,864,682 | $12,291,571 | | Residential real estate | $2,505,545 | $1,799,985 | | **Total loans, net of unearned income** | **$39,565,471** | **$35,280,547** | Allowance for Credit Losses Activity (Q1 2023 vs Q1 2022) | (In thousands) | Three Months Ended March 31, 2023 | Three Months Ended March 31, 2022 | | :--- | :--- | :--- | | Beginning Balance | $357,448 | $299,653 | | Provision for credit losses | $23,070 | $4,025 | | Net charge-offs | ($5,465) | ($2,532) | | **Ending Balance** | **$375,798** | **$301,168** | - On April 3, 2023, the Company completed its acquisition of Rothschild & Co Asset Management US Inc. and Rothschild & Co Risk Based Investments LLC, which were merged into its subsidiary, Great Lakes Advisors, LLC[174](index=174&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A)](index=51&type=section&id=ITEM%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses Q1 2023 financial performance, highlighting record net income, net interest income growth, and analyses of key financial metrics - Q1 2023 net income reached a record **$180.2 million**, a **41%** increase from **$127.4 million** in Q1 2022, driven by a **53%** year-over-year increase in net interest income to **$458.0 million** and a higher net interest margin of **3.81%** (up from **2.60%** year-over-year)[179](index=179&type=chunk)[181](index=181&type=chunk)[198](index=198&type=chunk) - Non-interest income decreased by **34%** to **$107.8 million** in Q1 2023 from **$162.8 million** in Q1 2022, primarily due to a **$59.0 million** (**76%**) decline in mortgage banking revenue as rising interest rates reduced origination volumes[182](index=182&type=chunk)[209](index=209&type=chunk)[212](index=212&type=chunk) - Total loans grew **12%** year-over-year to **$39.6 billion** at March 31, 2023, driven by organic growth in commercial, commercial real estate, and life insurance premium finance portfolios[180](index=180&type=chunk) - Credit quality remains strong, with total non-performing loans (excluding government-guaranteed loans) at **0.25%** of total loans; the allowance for credit losses to total loans increased to **0.95%** at March 31, 2023, from **0.85%** a year prior, reflecting loan growth and macroeconomic forecasts[253](index=253&type=chunk)[260](index=260&type=chunk) - As of March 31, 2023, the company had approximately **$13.0 billion** of uninsured and uncollateralized deposits, representing about **30%** of total deposits, with total liquidity sources of **$10.9 billion** covering approximately **84%** of these deposits[270](index=270&type=chunk)[271](index=271&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=77&type=section&id=ITEM%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) Details the company's market risk management, focusing on interest rate risk and using simulation analysis to model its impact on net interest income - The company manages interest rate risk by balancing risk, credit, liquidity, and yield, with policies monitored by management and overseen by the Board's Risk Management Committee[286](index=286&type=chunk) Net Interest Income Sensitivity Analysis (Static Shock Scenario) | Change in Interest Rates | % Change in Net Interest Income (as of Mar 31, 2023) | % Change in Net Interest Income (as of Mar 31, 2022) | | :--- | :--- | :--- | | +200 Basis Points | +4.2% | +21.4% | | +100 Basis Points | +2.4% | +11.0% | | -100 Basis Points | -2.4% | -11.3% | | -200 Basis Points | -7.3% | -18.7% | - The company has actively reduced its exposure to interest rate fluctuations by executing derivative instruments and originating more longer-term fixed-rate loans[292](index=292&type=chunk) [Controls and Procedures](index=78&type=section&id=ITEM%204.%20Controls%20and%20Procedures) Confirms the effectiveness of the company's disclosure controls and procedures as of March 31, 2023, with no material changes to internal controls - The CEO and CFO concluded that the Company's disclosure controls and procedures are effective in all material respects as of the end of the reporting period[295](index=295&type=chunk) - No material changes occurred in the Company's internal control over financial reporting during the quarter[296](index=296&type=chunk) PART II — OTHER INFORMATION [Legal Proceedings](index=79&type=section&id=ITEM%201.%20Legal%20Proceedings) Discloses several pending legal actions against the company, including ERISA, PAGA, and fair lending class actions, not expected to materially affect financial condition - The company faces an ERISA class action lawsuit filed in July 2022, alleging breach of fiduciary duty related to 401(k) plan fund selection, which Wintrust believes is meritless[299](index=299&type=chunk) - A former employee filed a California PAGA suit in May 2022, alleging wage and hour violations, which the company disputes and has moved to compel arbitration[300](index=300&type=chunk) - A putative class action was filed in May 2022, alleging Wintrust Mortgage discriminated against Black/African American borrowers, which the company disputes and has moved to dismiss[301](index=301&type=chunk) - Management believes the eventual outcome of all pending legal actions will not materially adversely affect the company's operations or financial condition[303](index=303&type=chunk) [Risk Factors](index=80&type=section&id=ITEM%201A.%20Risk%20Factors) Indicates no material changes to the risk factors previously disclosed in the company's 2022 Annual Report on Form 10-K - No material changes occurred from the risk factors set forth in the 2022 Form 10-K[304](index=304&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=80&type=section&id=ITEM%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) States that no purchases of the company's common stock were made by or on behalf of the company during Q1 2023 - The Company made no purchases of its own common shares during the three months ended March 31, 2023[305](index=305&type=chunk) [Other Information](index=80&type=section&id=ITEM%205.%20Other%20Information) Reports Jeffrey D. Hahnfeld's promotion to EVP, Controller and Chief Accounting Officer, and the Series D Preferred Stock's benchmark change from LIBOR to SOFR - Effective May 5, 2023, Jeffrey D. Hahnfeld was promoted to Executive Vice President, Controller and Chief Accounting Officer, becoming the company's principal accounting officer[307](index=307&type=chunk) - On May 5, 2023, the company filed a Restated Certificate of Designations for its Series D Preferred Stock, replacing the three-month LIBOR benchmark with Three-Month CME Term SOFR plus a tenor spread adjustment of **0.26161%** for dividend calculations during the floating rate period beginning July 15, 2025[310](index=310&type=chunk)[312](index=312&type=chunk)[313](index=313&type=chunk) [Exhibits](index=81&type=section&id=ITEM%206.%20Exhibits) Provides a list of all exhibits filed with the Form 10-Q report, including the Restated Certificate of Designations for Series D Preferred Stock, amended employment agreements, and SOX certifications - The report includes several key exhibits, such as the Restated Certificate of Designations for Series D Preferred Stock and amended employment agreements for key executives[316](index=316&type=chunk)