Wintrust(WTFC) Newsfilter·2025-04-21 21:10Core Points - Wintrust Financial Corporation reported record quarterly net income of $189.0 million, or $2.69 per diluted common share, for Q1 2025, an increase from $185.4 million, or $2.63 per diluted common share in Q4 2024 [1] - Pre-tax, pre-provision income reached a record $277.0 million, compared to $270.1 million in the previous quarter [1] Financial Performance - Total assets increased by $1.0 billion to $65.87 billion in Q1 2025 compared to Q4 2024 [4][38] - Total loans rose by $653 million, or 6% annualized, driven by growth in commercial and premium finance life insurance loan portfolios [3][5] - Total deposits increased by approximately $1.1 billion, or 8% annualized, resulting in a loans-to-deposits ratio of 90.9% [3][6] - Net interest income increased to $526.5 million in Q1 2025, up from $525.1 million in Q4 2024, supported by improved net interest margin [5][8] - Net interest margin improved by five basis points to 3.54% in Q1 2025 compared to Q4 2024 [9][35] Credit Quality - The allowance for credit losses totaled $448.4 million as of March 31, 2025, an increase from $437.1 million at the end of Q4 2024 [11][39] - Net charge-offs decreased to $12.6 million, or 11 basis points of average total loans, down from $15.9 million, or 13 basis points in Q4 2024 [13][39] - Non-performing assets remained stable at $195.0 million, comprising 0.30% of total assets as of March 31, 2025 [15][39] Non-Interest Income and Expenses - Non-interest income totaled $116.6 million in Q1 2025, an increase of $3.2 million from $113.5 million in Q4 2024 [16] - Non-interest expenses decreased to $366.1 million in Q1 2025, down from $368.5 million in Q4 2024 [21] Business Segments - Community banking saw increases in commercial, commercial real estate, and residential real estate loan portfolios in Q1 2025 [28] - Wealth management revenue totaled $34.0 million in Q1 2025, slightly down from the previous quarter [32] - Specialty finance reported originations of $4.8 billion in insurance premium financing receivables during Q1 2025 [30]