ウィントラストファイナンシャルの適時開示・決算・その他

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

Current Report

Pursuant to Section 13 or 15(d) of The

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 20, 2025

WINTRUST FINANCIAL CORPORATION

(Exact name of registrant as specified in its charter)

Illinois

001-35077

36-3873352

(State or other jurisdiction of Incorporation)

(Commission File Number)

(I.R.S. Employer
Identification No.)

9700 W. Higgins Road, Suite 800

Rosemont

Illinois

60018

(Address of principal executive offices)

(Zip Code)

Registrant’s telephone number, including area code (847) 939-9000

Not Applicable

(Former name or former address, if changed since last year)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:


☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)


☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)


☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))


☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Title of Each Class	Ticker Symbol	Name of Each Exchange on Which Registered
Common Stock, no par value	WTFC	The Nasdaq Global Select Market
Depositary Shares, Each Representing a 1/1,000th Interest in a Share of	WTFCN	The Nasdaq Global Select Market
7.875% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series F, no par value

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02. Results of Operations and Financial Condition

The information in this Current Report is being furnished and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section. The information in this Current Report shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended.

On October 20, 2025, Wintrust Financial Corporation (the “Company”) announced earnings for the third quarter of 2025 and posted on its website the Third Quarter 2025 Earnings Release Presentation. Copies of the press release relating to the Company’s earnings results and the related presentation are attached hereto as Exhibit 99.1 and Exhibit 99.2, respectively. Certain supplemental information relating to non-GAAP financial measures reported in the attached press release and presentation is included on pages 33 through 35 of Exhibit 99.1 and pages 30 through 32 of Exhibit 99.2.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits


Exhibit
99.1			Third Quarter 2025 Earnings Release dated October 20, 2025
99.2			Third Quarter 2025 Earnings Release Presentation dated October 20, 2025

Signature

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.



						WINTRUST FINANCIAL CORPORATION (Registrant)

			By:			/s/ David L. Stoehr
						David L. Stoehr Executive Vice President and Chief Financial Officer

Date: October 20, 2025

INDEX TO EXHIBITS



Exhibit
99.1			Third Quarter 2025 Earnings Release dated October 20, 2025
99.2			Third Quarter 2025 Earnings Release Presentation dated October 20, 2025

EX-99.1 2 q3-2025exhibit991.htm EX-99.1 Document

Exhibit 99.1

Wintrust Financial Corporation

9700 W. Higgins Road, Suite 800, Rosemont, Illinois 60018

News Release



FOR IMMEDIATE RELEASE						October 20, 2025

FOR MORE INFORMATION CONTACT:

David A. Dykstra, Vice Chairman & Chief Operating Officer

(847) 939-9000

Amy Yuhn, Executive Vice President, Communications

(847) 939-9591

Web site address: www.wintrust.com

Wintrust Financial Corporation Reports Record Net Income

ROSEMONT, ILLINOIS – Wintrust Financial Corporation (“Wintrust”, “the Company”, “we” or “our”) (Nasdaq: WTFC) announced record net income of $600.8 million, or $8.25 per diluted common share, for the first nine months of 2025, compared to net income of $509.7 million, or $7.67 per diluted common share for the same period of 2024. Pre-tax, pre-provision income (non-GAAP) for the first nine months of the year totaled a record $884.1 million, compared to $778.1 million for the first nine months of 2024.

The Company recorded record quarterly net income of $216.3 million, or $2.78 per diluted common share, for the third quarter of 2025, compared to net income of $195.5 million, or $2.78 per diluted common share for the second quarter of 2025. Excluding the one-time Preferred Stock impact discussed below, the earnings per diluted common share (non-GAAP) was $3.06 for the third quarter of 2025. Pre-tax, pre-provision income (non-GAAP) for the third quarter of 2025 totaled a record $317.8 million, as compared to $289.3 million for the second quarter of 2025.

Timothy S. Crane, President and Chief Executive Officer, commented, “We continued to build on the momentum established in our record first half of the year with record net income, net interest income, strong balance sheet growth and prudent management of net interest margin.”

Additionally, Mr. Crane noted, “Net interest margin in the third quarter remained within our expected range at 3.50% and we recognized record net interest income driven by strong average earning asset growth. We anticipate that a relatively stable net interest margin and continued balance sheet growth will contribute to net interest income expansion in the fourth quarter.”

Highlights of the third quarter of 2025:

Comparative information to the second quarter of 2025, unless otherwise noted

•Total loans increased by $1.0 billion, or 8% annualized.

•Total deposits increased by $894.6 million, or 6% annualized.

•Total assets increased by $646.3 million, or 4% annualized.

•Earnings per diluted common share of $2.78 in the third quarter of 2025 was impacted by one-time recognition of prior issuance costs related to Preferred Stock Series D and Preferred Stock Series E ($14.0 million, or $0.21 per diluted common share) as well as the excess dividend amount related to one-time extended first dividend period on Preferred Stock Series F ($4.9 million, or $0.07 per diluted common share).

◦The Preferred Stock Series D and E were redeemed on July 15, 2025.

•Net interest income increased to $567.0 million in the third quarter of 2025, up $20.3 million from $546.7 million in the second quarter of 2025, driven by strong average earning asset growth.

◦Net interest margin was 3.48% (3.50% on a fully taxable-equivalent basis, non-GAAP) during the third quarter of 2025 was in line with our guidance.

•Non-interest income was impacted by the following:

◦Net gains on investment securities totaled $3.0 million in the third quarter of 2025, compared to net gains of approximately $650,000 in the second quarter of 2025.

•Provision for credit losses totaled $21.8 million in the third quarter of 2025, compared to a provision for credit losses of $22.2 million in the second quarter of 2025.

•Net charge-offs totaled $24.6 million, or 19 basis points of average total loans on an annualized basis, in the third quarter of 2025 compared to $13.3 million, or 11 basis points of average total loans on an annualized basis, in the second quarter of 2025.

•Non-performing loans improved in the third quarter of 2025 and totaled $162.6 million and comprised 0.31% of total loans at September 30, 2025, as compared to $188.8 million and 0.37% of total loans at June 30, 2025.

Mr. Crane noted, “Strong loan growth in the third quarter totaled $1.0 billion, or 8% on an annualized basis. We are pleased with the diversified nature of our loan growth across all major loan portfolios. Loan pipelines remain strong and we continue to expect loan growth in the mid-to-high single digits for the remainder of the year. We remain disciplined in our evaluation of credit opportunities, ensuring that loan growth aligns with our conservative credit standards. Strong deposit growth totaled $894.6 million, or 6% on an annualized basis, in the third quarter of 2025. Our loan growth was funded by our deposit growth in the third quarter of 2025 resulting in our loans-to-deposits ratio ending the quarter at 91.8%.”

Commenting on credit quality, Mr. Crane stated, “Disciplined credit management, supported by thorough portfolio reviews, has driven consistent positive outcomes through early identification and resolution of problem credits. We continue to be conservative and disciplined in our underwriting to maintain our strong credit standards. We believe the Company’s reserves are appropriate and we remain committed to sustaining high credit quality as evidenced by our low levels of net charge-offs and non-performing loans as well as our core loan allowance for credit losses of 1.34%.”

In summary, Mr. Crane concluded, “We are proud of our third quarter performance and record results year to date. Building on the strong loan growth achieved in the third quarter, we are well positioned to sustain momentum and deliver continued revenue expansion as we close out 2025. We continue to leverage our strong customer relationships and differentiated market positioning to enhance our long-term franchise value as evidenced by deposit market share gains across our major markets, including moving into the third position in total deposit market share in Illinois and solid gains in Wisconsin and west Michigan. We remain focused on delivering our differentiated customer experience to drive better results for our customers and value for our shareholders.”

* * *

The graphs shown on pages 3-7 illustrate certain financial highlights of the third quarter of 2025 as well as historical financial performance. See “Supplemental Non-GAAP Financial Measures/Ratios” at Table 18 for additional information with respect to non-GAAP financial measures/ratios, including the reconciliations to the corresponding GAAP financial measures/ratios.

*On May 22, 2025, the Company completed the issuance of $425 million of Series F Preferred Stock. The issuance was in contemplation of redeeming $412.5 million of Series D and Series E Preferred Stock that was expected to reprice at rates higher than existing market rates. The Series D and Series E Preferred Stock were redeemed on July 15, 2025.

SUMMARY OF RESULTS:

BALANCE SHEET

Total assets increased $646.3 million in the third quarter of 2025 compared to the second quarter of 2025. Total loans increased by $1.0 billion compared to the second quarter of 2025. The increase in loans was driven by growth across all major loan portfolios.

Total liabilities increased by $826.3 million in the third quarter of 2025 compared to the second quarter of 2025, driven by a $894.6 million increase in total deposits. Strong organic deposit growth in the third quarter of 2025 was driven by our diverse deposit product offerings. Non-interest bearing deposit balances have remained stable in recent quarters. The Company's loans-to-deposits ratio ended the quarter at 91.8%.

For more information regarding changes in the Company’s balance sheet, see Consolidated Statements of Condition and Table 1 through Table 3 in this report.

NET INTEREST INCOME

For the third quarter of 2025, net interest income totaled $567.0 million, an increase of $20.3 million compared to the second quarter of 2025. The $20.3 million increase in net interest income in the third quarter of 2025 was primarily due to average earning asset growth of $2.4 billion, or 15% annualized.

Net interest margin was 3.48% (3.50% on a fully taxable-equivalent basis, non-GAAP) during the third quarter of 2025, down four basis points compared to the second quarter of 2025. The yield on earning assets declined three basis points during the third quarter of 2025 primarily due to a four basis point decrease in loan yields. Funding cost on interest-bearing deposits increased by one basis point compared to the second quarter of 2025. The net free funds contribution in the third quarter of 2025 remained unchanged compared to the second quarter of 2025.

For more information regarding net interest income, see Table 4 through Table 8 in this report.

ASSET QUALITY

The allowance for credit losses totaled $454.6 million as of September 30, 2025, a slight decrease from $457.5 million as of June 30, 2025. A provision for credit losses totaling $21.8 million was recorded for the third quarter of 2025 compared to $22.2 million recorded in the second quarter of 2025. The provision for credit losses recognized in the third quarter of 2025 reflects stable credit quality and an improved macroeconomic forecast. However, given future economic performance remains uncertain, qualitative additions were made to the provision related to credit spreads. For more information regarding the allowance for credit losses and provision for credit losses, see Table 11 in this report.

Management believes the allowance for credit losses is appropriate to account for expected credit losses. The Company is required to estimate expected credit losses over the life of the Company’s financial assets as of the reporting date. There can be no assurances, however, that future losses will not significantly exceed the amounts provided for, thereby affecting future results of operations. A summary of the allowance for credit losses calculated for the loan components in each portfolio as of September 30, 2025, June 30, 2025, and March 31, 2025 is shown on Table 12 of this report.

Net charge-offs totaled $24.6 million in the third quarter of 2025, an increase of $11.3 million compared to $13.3 million of net charge-offs in the second quarter of 2025. Net charge-offs as a percentage of average total loans were 19 basis points in the third quarter of 2025 on an annualized basis compared to 11 basis points on an annualized basis in the second quarter of 2025. For more information regarding net charge-offs, see Table 10 in this report.

The Company’s loan portfolio delinquency rates remain low and manageable. For more information regarding past due loans, see Table 13 in this report.

Non-performing assets and non-performing loans have improved compared to prior quarters. Non-performing assets totaled $187.5 million and comprised 0.27% of total assets as of September 30, 2025, as compared to $212.5 million, or 0.31% of total assets, as of June 30, 2025. Non-performing loans totaled $162.6 million and comprised 0.31% of total loans at September 30, 2025, as compared to $188.8 million and 0.37% of total loans at June 30, 2025. For more information regarding non-performing assets, see Table 14 in this report.

NON-INTEREST INCOME

Non-interest income totaled $130.8 million in the third quarter of 2025, increasing $6.7 million, compared to $124.1 million in the second quarter of 2025.

Wealth management revenue increased by approximately $367,000 in the third quarter of 2025, compared to the second quarter of 2025. The increase in the third quarter of 2025 was primarily driven by an increase in asset valuations within the quarter, coupled with an increase in brokerage revenue related to higher transactional business. Wealth management revenue is comprised of the trust and asset management revenue of Wintrust Private Trust Company and Great Lakes Advisors, the brokerage commissions, managed money fees and insurance product commissions at Wintrust Investments and fees from tax-deferred like-kind exchange services provided by the Chicago Deferred Exchange Company.

Mortgage banking revenue totaled $24.5 million in the third quarter of 2025, compared to $23.2 million in the second quarter of 2025. The increase in the third quarter of 2025 was primarily attributed to higher production revenue. For more information regarding mortgage banking revenue, see Table 16 in this report.

The Company recognized approximately $3.0 million in net gains on investment securities in the third quarter of 2025 compared to approximately $650,000 in net gains in the second quarter of 2025. The net gains in the third quarter of 2025 were primarily the result of unrealized gains on the Company’s equity investment securities with a readily determinable fair value.

For more information regarding non-interest income, see Table 15 in this report.

NON-INTEREST EXPENSE

Non-interest expense totaled $380.0 million in the third quarter of 2025, decreasing $1.5 million, compared to $381.5 million in the second quarter of 2025. Non-interest expense, as a percent of average assets, decreased in the third quarter of 2025 to 2.21%.

Professional fees expense totaled $7.5 million in the third quarter of 2025, resulting in a decrease of $1.8 million as compared to the second quarter of 2025. The decrease in the current quarter relates primarily to lower consulting services. Professional fees include legal, audit, and tax fees, external loan review costs, consulting arrangement and normal regulatory exam assessments.

The Macatawa Bank acquisition-related costs were approximately $471,000 in the third quarter of 2025, compared to $2.9 million in the second quarter of 2025.

For more information regarding non-interest expense, see Table 17 in this report.

INCOME TAXES

The Company recorded income tax expense of $79.8 million in the third quarter of 2025 compared to $71.6 million in the second quarter of 2025. The effective tax rates were 27.0% in the third quarter of 2025 compared to 26.8% in the second quarter of 2025.

BUSINESS SUMMARY

Community Banking

Through community banking, the Company provides banking and financial services primarily to individuals, small to mid-sized businesses, local governmental units and institutional clients residing primarily in the local areas the Company services. In the third quarter of 2025, community banking increased its commercial, commercial real estate and residential real estate loan portfolios.

Mortgage banking revenue was $24.5 million for the third quarter of 2025, an increase of $1.3 million compared to the second quarter of 2025. See Table 16 for more detail. Service charges on deposit accounts totaled $19.8 million in the third quarter of 2025 as compared to $19.5 million in the second quarter of 2025. The Company’s gross commercial and commercial real estate loan pipelines remained solid as of September 30, 2025 indicating momentum for expected continued loan growth in the fourth quarter of 2025.

Specialty Finance

Through specialty finance, the Company offers financing of insurance premiums for businesses and individuals, equipment financing through structured loans and lease products to customers in a variety of industries, accounts receivable financing and value-added, out-sourced administrative services and other services. Originations within the insurance premium financing receivables portfolios were $5.5 billion during the third quarter of 2025. Average balances increased by $945.4 million, as compared to the second quarter of 2025. The Company’s leasing divisions’ portfolio balances increased in the third quarter of 2025, with capital leases, loans, and equipment on operating leases of $2.8 billion, $1.2 billion, and $301.0 million as of September 30, 2025, respectively, compared to $2.8 billion, $1.2 billion, and $289.8 million as of June 30, 2025, respectively. Revenues from the Company’s out-sourced administrative services business were $1.2 million in the third quarter of 2025, which was relatively stable compared to the second quarter of 2025.

Wealth Management

Through wealth management, the Company offers a full range of wealth management services, including trust and investment services, tax-deferred like-kind exchange services, asset management, and securities brokerage services. Wealth management revenue totaled $37.2 million in the third quarter of 2025, an increase as compared to the second quarter of 2025. At September 30, 2025, the Company’s wealth management subsidiaries had approximately $55.1 billion of assets under administration, which included $8.8 billion of assets owned by the Company and its subsidiary banks.

WINTRUST FINANCIAL CORPORATION

Key Operating Measures

Wintrust’s key operating measures and growth rates for the third quarter of 2025, as compared to the second quarter of 2025 (sequential quarter) and third quarter of 2024 (linked quarter), are shown in the table below:


										% or (1) basis point (bp) change from 2nd Quarter 2025		% or basis point (bp) change from 3rd Quarter 2024
	Three Months Ended
(Dollars in thousands, except per share data)	Sep 30, 2025			Jun 30, 2025			Sep 30, 2024
Net income	$	216,254		$	195,527		$	170,001		11	%	27	%
Pre-tax income, excluding provision for credit losses (non-GAAP) (2)	317,809			289,322			255,043			10		25

Net income per common share – Diluted	2.78			2.78			2.47			—		13
Cash dividends declared per common share	0.50			0.50			0.45			—		11
Net revenue (3)	697,837			670,783			615,730			4		13
Net interest income	567,010			546,694			502,583			4		13
Net interest margin	3.48		%	3.52		%	3.49		%	(4)	bps	(1)	bps
Net interest margin – fully taxable-equivalent (non-GAAP) (2)	3.50			3.54			3.51			(4)		(1)
Net overhead ratio (4)	1.45			1.57			1.62			(12)		(17)

Return on average assets	1.26			1.19			1.11			7		15
Return on average common equity	11.58			12.07			11.63			(49)		(5)
Return on average tangible common equity (non-GAAP) (2)	13.74			14.44			13.92			(70)		(18)
At end of period
Total assets	$	69,629,638		$	68,983,318		$	63,788,424		4	%	9	%
Total loans (5)	52,063,482			51,041,679			47,067,447			8		11

Total deposits	56,711,381			55,816,811			51,404,966			6		10
Total shareholders’ equity	7,045,757			7,225,696			6,399,714			(10)		10

(1)Period-end balance sheet percentage changes are annualized.

(2)See Table 18: Supplemental Non-GAAP Financial Measures/Ratios for additional information on this performance measure/ratio.

(3)Net revenue is net interest income plus non-interest income.

(4)The net overhead ratio is calculated by netting total non-interest expense and total non-interest income, annualizing this amount, and dividing by that period’s average total assets. A lower ratio indicates a higher degree of efficiency.

(5)Excludes mortgage loans held-for-sale.

Certain returns, yields, performance ratios, or quarterly growth rates are “annualized” in this presentation to represent an annual time period. This is done for analytical purposes to better discern, for decision-making purposes, underlying performance trends when compared to full-year or year-over-year amounts. For example, a 5% growth rate for a quarter would represent an annualized 20% growth rate.

WINTRUST FINANCIAL CORPORATION

Selected Financial Highlights


	Three Months Ended															Nine Months Ended
(Dollars in thousands, except per share data)	Sep 30, 2025			Jun 30, 2025			Mar 31, 2025			Dec 31, 2024			Sep 30, 2024			Sep 30, 2025			Sep 30, 2024
Selected Financial Condition Data (at end of period):
Total assets	$	69,629,638		$	68,983,318		$	65,870,066		$	64,879,668		$	63,788,424
Total loans (1)	52,063,482			51,041,679			48,708,390			48,055,037			47,067,447
Total deposits	56,711,381			55,816,811			53,570,038			52,512,349			51,404,966

Total shareholders’ equity	7,045,757			7,225,696			6,600,537			6,344,297			6,399,714
Selected Statements of Income Data:
Net interest income	$	567,010		$	546,694		$	526,474		$	525,148		$	502,583		$	1,640,178		$	1,437,387
Net revenue (2)	697,837			670,783			643,108			638,599			615,730			2,011,728			1,812,261
Net income	216,254			195,527			189,039			185,362			170,001			600,820			509,683
Pre-tax income, excluding provision for credit losses (non-GAAP) (3)	317,809			289,322			277,018			270,060			255,043			884,149			778,076

Net income per common share – Basic	2.82			2.82			2.73			2.68			2.51			8.37			7.79
Net income per common share – Diluted	2.78			2.78			2.69			2.63			2.47			8.25			7.67
Cash dividends declared per common share	0.50			0.50			0.50			0.45			0.45			1.50			1.35
Selected Financial Ratios and Other Data:
Performance Ratios:
Net interest margin	3.48		%	3.52		%	3.54		%	3.49		%	3.49		%	3.51		%	3.52		%
Net interest margin – fully taxable-equivalent (non-GAAP) (3)	3.50			3.54			3.56			3.51			3.51			3.53			3.54
Non-interest income to average assets	0.76			0.76			0.74			0.71			0.74			0.75			0.86
Non-interest expense to average assets	2.21			2.32			2.32			2.31			2.36			2.28			2.38
Net overhead ratio (4)	1.45			1.57			1.58			1.60			1.62			1.53			1.52

Return on average assets	1.26			1.19			1.20			1.16			1.11			1.22			1.17
Return on average common equity	11.58			12.07			12.21			11.82			11.63			11.94			12.52
Return on average tangible common equity (non-GAAP) (3)	13.74			14.44			14.72			14.29			13.92			14.28			14.69
Average total assets	$	68,303,036		$	65,840,345		$	64,107,042		$	63,594,105		$	60,915,283		$	66,098,845		$	58,014,347
Average total shareholders’ equity	6,955,543			6,862,040			6,460,941			6,418,403			5,990,429			6,761,319			5,628,346
Average loans to average deposits ratio	92.5		%	93.0		%	92.3		%	91.9		%	93.8		%	92.6		%	94.5		%
Period-end loans to deposits ratio	91.8			91.4			90.9			91.5			91.6
Common Share Data at end of period:
Market price per common share	$	132.44		$	123.98		$	112.46		$	124.71		$	108.53
Book value per common share	98.87			95.43			92.47			89.21			90.06
Tangible book value per common share (non-GAAP) (3)	85.39			81.86			78.83			75.39			76.15
Common shares outstanding	66,961,209			66,937,732			66,919,325			66,495,227			66,481,543
Other Data at end of period:
Common equity to assets ratio	9.5		%	9.3		%	9.4		%	9.1		%	9.4		%
Tangible common equity ratio (non-GAAP) (3)	8.3			8.0			8.1			7.8			8.1
Tier 1 leverage ratio (5)	9.5			10.2			9.6			9.4			9.6
Risk-based capital ratios:
Tier 1 capital ratio (5)	10.9			11.5			10.8			10.7			10.6
Common equity tier 1 capital ratio (5)	10.2			10.0			10.1			9.9			9.8
Total capital ratio (5)	12.4			13.0			12.5			12.3			12.2


Allowance for credit losses (6)	$	454,586		$	457,461		$	448,387		$	437,060		$	436,193

Allowance for loan and unfunded lending-related commitment losses to total loans	0.87		%	0.90		%	0.92		%	0.91		%	0.93		%

Number of:
Bank subsidiaries	16			16			16			16			16
Banking offices	208			208			208			205			203

(1)Excludes mortgage loans held-for-sale.

(2)Net revenue is net interest income plus non-interest income.

(3)See Table 18: Supplemental Non-GAAP Financial Measures/Ratios for additional information on this performance measure/ratio.

(5)Capital ratios for current quarter-end are estimated.

(6)The allowance for credit losses includes the allowance for loan losses, the allowance for unfunded lending-related commitments and the allowance for held-to-maturity securities losses.

WINTRUST FINANCIAL CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CONDITION


	(Unaudited)		(Unaudited)		(Unaudited)				(Unaudited)
	Sep 30,		Jun 30,		Mar 31,		Dec 31,		Sep 30,
(In thousands)	2025		2025		2025		2024		2024
Assets
Cash and due from banks	$	565,406	$	695,501	$	616,216	$	452,017	$	725,465
Federal funds sold and securities purchased under resale agreements	63		63		63		6,519		5,663
Interest-bearing deposits with banks	3,422,452		4,569,618		4,238,237		4,409,753		3,648,117
Available-for-sale securities, at fair value	5,274,124		4,885,715		4,220,305		4,141,482		3,912,232
Held-to-maturity securities, at amortized cost	3,438,406		3,502,186		3,564,490		3,613,263		3,677,420
Trading account securities	—		—		—		4,072		3,472
Equity securities with readily determinable fair value	63,445		273,722		270,442		215,412		125,310
Federal Home Loan Bank and Federal Reserve Bank stock	282,755		282,087		281,893		281,407		266,908
Brokerage customer receivables	—		—		—		18,102		16,662


Mortgage loans held-for-sale, at fair value	333,883		299,606		316,804		331,261		461,067


Loans, net of unearned income	52,063,482		51,041,679		48,708,390		48,055,037		47,067,447



Allowance for loan losses	(386,622)		(391,654)		(378,207)		(364,017)		(360,279)
Net loans	51,676,860		50,650,025		48,330,183		47,691,020		46,707,168
Premises, software and equipment, net	775,425		776,324		776,679		779,130		772,002
Lease investments, net	301,000		289,768		280,472		278,264		270,171


Accrued interest receivable and other assets	1,614,674		1,610,025		1,598,255		1,739,334		1,721,090
Receivable on unsettled securities sales	978,209		240,039		463,023		—		551,031

Goodwill	797,639		798,144		796,932		796,942		800,780
Other acquisition-related intangible assets	105,297		110,495		116,072		121,690		123,866
Total assets	$	69,629,638	$	68,983,318	$	65,870,066	$	64,879,668	$	63,788,424
Liabilities and Shareholders’ Equity
Deposits:
Non-interest-bearing	$	10,952,146	$	10,877,166	$	11,201,859	$	11,410,018	$	10,739,132
Interest-bearing	45,759,235		44,939,645		42,368,179		41,102,331		40,665,834
Total deposits	56,711,381		55,816,811		53,570,038		52,512,349		51,404,966


Federal Home Loan Bank advances	3,151,309		3,151,309		3,151,309		3,151,309		3,171,309

Other borrowings	579,328		625,392		529,269		534,803		647,043

Subordinated notes	298,536		298,458		298,360		298,283		298,188
Junior subordinated debentures	253,566		253,566		253,566		253,566		253,566
Payable on unsettled securities sales	—		39,105		—		—		—
Accrued interest payable and other liabilities	1,589,761		1,572,981		1,466,987		1,785,061		1,613,638



Total liabilities	62,583,881		61,757,622		59,269,529		58,535,371		57,388,710
Shareholders’ Equity:
Preferred stock	425,000		837,500		412,500		412,500		412,500




Common stock	67,042		67,025		67,007		66,560		66,546
Surplus	2,521,306		2,495,637		2,494,347		2,482,561		2,470,228
Treasury stock	(9,150)		(9,156)		(9,156)		(6,153)		(6,098)
Retained earnings	4,356,367		4,200,923		4,045,854		3,897,164		3,748,715
Accumulated other comprehensive loss	(314,808)		(366,233)		(410,015)		(508,335)		(292,177)
Total shareholders’ equity	7,045,757		7,225,696		6,600,537		6,344,297		6,399,714
Total liabilities and shareholders’ equity	$	69,629,638	$	68,983,318	$	65,870,066	$	64,879,668	$	63,788,424

WINTRUST FINANCIAL CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)


	Three Months Ended										Nine Months Ended
(Dollars in thousands, except per share data)	Sep 30, 2025		Jun 30, 2025		Mar 31, 2025		Dec 31, 2024		Sep 30, 2024		Sep 30, 2025		Sep 30, 2024
Interest income
Interest and fees on loans	$	832,140	$	797,997	$	768,362	$	789,038	$	794,163	$	2,398,499	$	2,254,316
Mortgage loans held-for-sale	4,757		4,872		4,246		5,623		6,233		13,875		15,813
Interest-bearing deposits with banks	34,992		34,317		36,766		46,256		32,608		106,075		68,997
Federal funds sold and securities purchased under resale agreements	75		276		179		53		277		530		313
Investment securities	86,426		78,053		72,016		67,066		69,592		236,495		209,049
Trading account securities	—		—		11		6		11		11		42
Federal Home Loan Bank and Federal Reserve Bank stock	5,444		5,393		5,307		5,157		5,451		16,144		14,903
Brokerage customer receivables	—		—		78		302		269		78		663
Total interest income	963,834		920,908		886,965		913,501		908,604		2,771,707		2,564,096
Interest expense
Interest on deposits	355,846		333,470		320,233		346,388		362,019		1,009,549		997,254
Interest on Federal Home Loan Bank advances	26,007		25,724		25,441		26,050		26,254		77,172		73,099
Interest on other borrowings	6,887		6,957		6,792		7,519		9,013		20,636		26,961
Interest on subordinated notes	3,717		3,735		3,714		3,733		3,712		11,166		14,384
Interest on junior subordinated debentures	4,367		4,328		4,311		4,663		5,023		13,006		15,011
Total interest expense	396,824		374,214		360,491		388,353		406,021		1,131,529		1,126,709
Net interest income	567,010		546,694		526,474		525,148		502,583		1,640,178		1,437,387
Provision for credit losses	21,768		22,234		23,963		16,979		22,334		67,965		84,068
Net interest income after provision for credit losses	545,242		524,460		502,511		508,169		480,249		1,572,213		1,353,319
Non-interest income
Wealth management	37,188		36,821		34,042		38,775		37,224		108,051		107,452
Mortgage banking	24,451		23,170		20,529		20,452		15,974		68,150		72,761
Service charges on deposit accounts	19,825		19,502		19,362		18,864		16,430		58,689		46,787
Gains (losses) on investment securities, net	2,972		650		3,196		(2,835)		3,189		6,818		233
Fees from covered call options	5,619		5,624		3,446		2,305		988		14,689		7,891
Trading gains (losses), net	172		151		(64)		(113)		(130)		259		617
Operating lease income, net	15,466		15,166		15,287		15,327		15,335		45,919		43,383
Other	25,134		23,005		20,836		20,676		24,137		68,975		95,750
Total non-interest income	130,827		124,089		116,634		113,451		113,147		371,550		374,874
Non-interest expense
Salaries and employee benefits	219,668		219,541		211,526		212,133		211,261		650,735		604,975
Software and equipment	35,027		36,522		34,717		34,258		31,574		106,266		88,536
Operating lease equipment	10,409		10,757		10,471		10,263		10,518		31,637		32,035
Occupancy, net	20,809		20,228		20,778		20,597		19,945		61,815		58,616
Data processing	11,329		12,110		11,274		10,957		9,984		34,713		28,779
Advertising and marketing	19,027		18,761		12,272		13,097		18,239		50,060		48,715
Professional fees	7,465		9,243		9,044		11,334		9,783		25,752		29,303
Amortization of other acquisition-related intangible assets	5,196		5,580		5,618		5,773		4,042		16,394		6,322
FDIC insurance	11,418		10,971		10,926		10,640		10,512		33,315		35,478
Other real estate owned (“OREO”) expenses, net	262		505		643		397		(938)		1,410		(805)
Other	39,418		37,243		38,821		39,090		35,767		115,482		102,231
Total non-interest expense	380,028		381,461		366,090		368,539		360,687		1,127,579		1,034,185
Income before taxes	296,041		267,088		253,055		253,081		232,709		816,184		694,008
Income tax expense	79,787		71,561		64,016		67,719		62,708		215,364		184,325
Net income	$	216,254	$	195,527	$	189,039	$	185,362	$	170,001	$	600,820	$	509,683
Preferred stock dividends	13,295		6,991		6,991		6,991		6,991		27,277		20,973
Preferred stock redemption	14,046		—		—		—		—		14,046		—
Net income applicable to common shares	$	188,913	$	188,536	$	182,048	$	178,371	$	163,010	$	559,497	$	488,710
Net income per common share - Basic	$	2.82	$	2.82	$	2.73	$	2.68	$	2.51	$	8.37	$	7.79
Net income per common share - Diluted	$	2.78	$	2.78	$	2.69	$	2.63	$	2.47	$	8.25	$	7.67
Cash dividends declared per common share	$	0.50	$	0.50	$	0.50	$	0.45	$	0.45	$	1.50	$	1.35
Weighted average common shares outstanding	66,952		66,931		66,726		66,491		64,888		66,871		62,743
Dilutive potential common shares	1,028		888		923		1,233		1,053		945		934
Average common shares and dilutive common shares	67,980		67,819		67,649		67,724		65,941		67,816		63,677

TABLE 1: LOAN PORTFOLIO MIX AND GROWTH RATES


											% Growth From (1)
(Dollars in thousands)	Sep 30, 2025		Jun 30, 2025		Mar 31, 2025		Dec 31, 2024		Sep 30, 2024		Jun 30, 2025 (2)		Sep 30, 2024
Balance:
Mortgage loans held-for-sale, excluding early buy-out exercised loans guaranteed by U.S. government agencies	$	211,360	$	192,633	$	181,580	$	189,774	$	314,693	39	%	(33)	%
Mortgage loans held-for-sale, early buy-out exercised loans guaranteed by U.S. government agencies	122,523		106,973		135,224		141,487		146,374		58		(16)
Total mortgage loans held-for-sale	$	333,883	$	299,606	$	316,804	$	331,261	$	461,067	45	%	(28)	%

Core loans:
Commercial
Commercial and industrial	$	7,135,083	$	7,028,247	$	6,871,206	$	6,867,422	$	6,774,683	6	%	5	%
Asset-based lending	1,588,522		1,663,693		1,701,962		1,611,001		1,709,685		(18)		(7)
Municipal	804,986		771,785		798,646		826,653		827,125		17		(3)
Leases	2,834,563		2,757,331		2,680,943		2,537,325		2,443,721		11		16

Commercial real estate
Residential construction	60,923		59,027		55,849		48,617		73,088		13		(17)
Commercial construction	2,273,545		2,165,263		2,086,797		2,065,775		1,984,240		20		15
Land	323,685		304,827		306,235		319,689		346,362		25		(7)
Office	1,578,208		1,601,208		1,641,555		1,656,109		1,675,286		(6)		(6)
Industrial	2,912,547		2,824,889		2,677,555		2,628,576		2,527,932		12		15
Retail	1,478,861		1,452,351		1,402,837		1,374,655		1,404,586		7		5
Multi-family	3,306,597		3,200,578		3,091,314		3,125,505		3,193,339		13		4
Mixed use and other	1,684,841		1,683,867		1,652,759		1,685,018		1,588,584		0		6
Home equity	484,202		466,815		455,683		445,028		427,043		15		13
Residential real estate
Residential real estate loans for investment	4,019,046		3,814,715		3,561,417		3,456,009		3,252,649		21		24
Residential mortgage loans, early buy-out eligible loans guaranteed by U.S. government agencies	75,088		80,800		86,952		114,985		92,355		(28)		(19)
Residential mortgage loans, early buy-out exercised loans guaranteed by U.S. government agencies	49,736		53,267		36,790		41,771		43,034		(26)		16
Total core loans	$	30,610,433	$	29,928,663	$	29,108,500	$	28,804,138	$	28,363,712	9	%	8	%

Niche loans:
Commercial
Franchise	$	1,298,140	$	1,286,265	$	1,262,555	$	1,268,521	$	1,191,686	4	%	9	%
Mortgage warehouse lines of credit	1,204,661		1,232,530		1,019,543		893,854		750,462		(9)		61
Community Advantage - homeowners association	537,696		526,595		525,492		525,446		501,645		8		7
Insurance agency lending	1,140,691		1,120,985		1,070,979		1,044,329		1,048,686		7		9
Premium Finance receivables
U.S. property & casualty insurance	7,502,901		7,378,340		6,486,663		6,447,625		6,253,271		7		20
Canada property & casualty insurance	863,391		944,836		753,199		824,417		878,410		(34)		(2)
Life insurance	8,758,553		8,506,960		8,365,140		8,147,145		7,996,899		12		10
Consumer and other	147,016		116,505		116,319		99,562		82,676		104		78
Total niche loans	$	21,453,049	$	21,113,016	$	19,599,890	$	19,250,899	$	18,703,735	6	%	15	%






Total loans, net of unearned income	$	52,063,482	$	51,041,679	$	48,708,390	$	48,055,037	$	47,067,447	8	%	11	%

(1)NM - Not Meaningful.

(2)Annualized.

TABLE 2: DEPOSIT PORTFOLIO MIX AND GROWTH RATES


																% Growth From
(Dollars in thousands)	Sep 30, 2025			Jun 30, 2025			Mar 31, 2025			Dec 31, 2024			Sep 30, 2024			Jun 30, 2025 (1)		Sep 30, 2024
Balance:
Non-interest-bearing	$	10,952,146		$	10,877,166		$	11,201,859		$	11,410,018		$	10,739,132		3	%	2	%
NOW and interest-bearing demand deposits	6,710,919			6,795,725			6,340,168			5,865,546			5,466,932			(5)		23
Wealth management deposits (2)	1,600,735			1,595,764			1,408,790			1,469,064			1,303,354			1		23
Money market	20,270,382			19,556,041			18,074,733			17,975,191			17,713,726			14		14
Savings	6,758,743			6,659,419			6,576,251			6,372,499			6,183,249			6		9
Time certificates of deposit	10,418,456			10,332,696			9,968,237			9,420,031			9,998,573			3		4
Total deposits	$	56,711,381		$	55,816,811		$	53,570,038		$	52,512,349		$	51,404,966		6	%	10	%
Mix:
Non-interest-bearing	19		%	19		%	21		%	22		%	21		%
NOW and interest-bearing demand deposits	12			12			12			11			11
Wealth management deposits (2)	3			3			3			3			3
Money market	36			35			34			34			34
Savings	12			12			12			12			12
Time certificates of deposit	18			19			18			18			19
Total deposits	100		%	100		%	100		%	100		%	100		%

(1)Annualized.

(2)Represents deposit balances of the Company’s subsidiary banks from brokerage customers of Wintrust Investments, Chicago Deferred Exchange Company, LLC (“CDEC”), and trust and asset management customers of the Company.

TABLE 3: TIME CERTIFICATES OF DEPOSIT MATURITY/RE-PRICING ANALYSIS

As of September 30, 2025


(Dollars in thousands)	Total Time Certificates of Deposit		Weighted-Average Rate of Maturing Time Certificates of Deposit
1-3 months	$	4,450,481	3.83	%
4-6 months	3,165,121		3.72
7-9 months	1,489,181		3.64
10-12 months	973,156		3.79
13-18 months	196,146		3.13
19-24 months	79,669		3.00
24+ months	64,702		3.00
Total	$	10,418,456	3.74	%

TABLE 4: QUARTERLY AVERAGE BALANCES


	Average Balance for three months ended,
	Sep 30,		Jun 30,		Mar 31,		Dec 31,		Sep 30,
(In thousands)	2025		2025		2025		2024		2024
Interest-bearing deposits with banks, securities purchased under resale agreements and cash equivalents (1)	$	3,276,683	$	3,308,199	$	3,520,048	$	3,934,016	$	2,413,728
Investment securities (2)	9,377,930		8,801,560		8,409,735		8,090,271		8,276,576
FHLB and FRB stock (3)	282,338		282,001		281,702		271,825		263,707
Liquidity management assets (4)	$	12,936,951	$	12,391,760	$	12,211,485	$	12,296,112	$	10,954,011
Other earning assets (4) (5)	—		—		13,140		20,528		17,542
Mortgage loans held-for-sale	295,365		310,534		286,710		378,707		376,251
Loans, net of unearned income (4) (6)	51,403,566		49,517,635		47,833,380		47,153,014		45,920,586
Total earning assets (4)	$	64,635,882	$	62,219,929	$	60,344,715	$	59,848,361	$	57,268,390
Allowance for loan and investment security losses	(410,681)		(398,685)		(375,371)		(367,238)		(383,736)
Cash and due from banks	495,292		478,707		476,423		470,033		467,333
Other assets	3,582,543		3,540,394		3,661,275		3,642,949		3,563,296
Total assets	$	68,303,036	$	65,840,345	$	64,107,042	$	63,594,105	$	60,915,283

NOW and interest-bearing demand deposits	$	6,687,292	$	6,423,050	$	6,046,189	$	5,601,672	$	5,174,673
Wealth management deposits	1,604,142		1,552,989		1,574,480		1,430,163		1,362,747
Money market accounts	19,431,021		18,184,754		17,581,141		17,579,395		16,436,111
Savings accounts	6,723,325		6,578,698		6,479,444		6,288,727		6,096,746
Time deposits	10,319,719		9,841,702		9,406,126		9,702,948		9,598,109
Interest-bearing deposits	$	44,765,499	$	42,581,193	$	41,087,380	$	40,602,905	$	38,668,386
FHLB advances (3)	3,151,310		3,151,310		3,151,309		3,160,658		3,178,973
Other borrowings	614,892		593,657		582,139		577,786		622,792
Subordinated notes	298,481		298,398		298,306		298,225		298,135
Junior subordinated debentures	253,566		253,566		253,566		253,566		253,566
Total interest-bearing liabilities	$	49,083,748	$	46,878,124	$	45,372,700	$	44,893,140	$	43,021,852
Non-interest-bearing deposits	10,791,709		10,643,798		10,732,156		10,718,738		10,271,613
Other liabilities	1,472,036		1,456,383		1,541,245		1,563,824		1,631,389
Equity	6,955,543		6,862,040		6,460,941		6,418,403		5,990,429
Total liabilities and shareholders’ equity	$	68,303,036	$	65,840,345	$	64,107,042	$	63,594,105	$	60,915,283

Net free funds/contribution (7)	$	15,552,134	$	15,341,805	$	14,972,015	$	14,955,221	$	14,246,538

(1)Includes interest-bearing deposits from banks and securities purchased under resale agreements with original maturities of greater than three months. Cash equivalents include federal funds sold and securities purchased under resale agreements with original maturities of three months or less.

(2)Investment securities includes investment securities classified as available-for-sale and held-to-maturity, and equity securities with readily determinable fair values. Equity securities without readily determinable fair values are included within other assets.

(3)Federal Home Loan Bank (“FHLB”) and Federal Reserve Bank (“FRB”)

(4)See Table 18: Supplemental Non-GAAP Financial Measures/Ratios for additional information on this performance measure/ratio.

(5)Other earning assets include brokerage customer receivables and trading account securities.

(6)Loans, net of unearned income, include non-accrual loans.

(7)Net free funds are the difference between total average earning assets and total average interest-bearing liabilities. The estimated contribution to net interest margin from net free funds is calculated using the rate paid for total interest-bearing liabilities.

TABLE 5: QUARTERLY NET INTEREST INCOME


	Net Interest Income for three months ended,
	Sep 30,		Jun 30,		Mar 31,		Dec 31,		Sep 30,
(In thousands)	2025		2025		2025		2024		2024
Interest income:
Interest-bearing deposits with banks, securities purchased under resale agreements and cash equivalents	$	35,067	$	34,593	$	36,945	$	46,308	$	32,885
Investment securities	87,101		78,733		72,706		67,783		70,260
FHLB and FRB stock (1)	5,444		5,393		5,307		5,157		5,451
Liquidity management assets (2)	$	127,612	$	118,719	$	114,958	$	119,248	$	108,596
Other earning assets (2)	—		—		92		310		282
Mortgage loans held-for-sale	4,757		4,872		4,246		5,623		6,233
Loans, net of unearned income (2)	834,294		800,197		770,568		791,390		796,637


Total interest income	$	966,663	$	923,788	$	889,864	$	916,571	$	911,748

Interest expense:
NOW and interest-bearing demand deposits	$	40,448	$	37,517	$	33,600	$	31,695	$	30,971
Wealth management deposits	8,415		8,182		8,606		9,412		10,158
Money market accounts	169,831		155,890		146,374		159,945		167,382
Savings accounts	38,844		37,637		35,923		38,402		42,892
Time deposits	98,308		94,244		95,730		106,934		110,616
Interest-bearing deposits	$	355,846	$	333,470	$	320,233	$	346,388	$	362,019
FHLB advances (1)	26,007		25,724		25,441		26,050		26,254
Other borrowings	6,887		6,957		6,792		7,519		9,013
Subordinated notes	3,717		3,735		3,714		3,733		3,712
Junior subordinated debentures	4,367		4,328		4,311		4,663		5,023
Total interest expense	$	396,824	$	374,214	$	360,491	$	388,353	$	406,021

Less: Fully taxable-equivalent adjustment	(2,829)		(2,880)		(2,899)		(3,070)		(3,144)
Net interest income (GAAP) (3)	567,010		546,694		526,474		525,148		502,583
Fully taxable-equivalent adjustment	2,829		2,880		2,899		3,070		3,144
Net interest income, fully taxable-equivalent (non-GAAP) (3)	$	569,839	$	549,574	$	529,373	$	528,218	$	505,727

(1)Federal Home Loan Bank (“FHLB”) and Federal Reserve Bank (“FRB”)

(2)Interest income on tax-advantaged loans, trading securities and investment securities reflects a taxable-equivalent adjustment based on the marginal federal corporate tax rate in effect as of the applicable period.

(3)See Table 18: Supplemental Non-GAAP Financial Measures/Ratios for additional information on this performance measure/ratio.

TABLE 6: QUARTERLY NET INTEREST MARGIN


	Net Interest Margin for three months ended,
	Sep 30, 2025		Jun 30, 2025		Mar 31, 2025		Dec 31, 2024		Sep 30, 2024
Yield earned on:
Interest-bearing deposits with banks, securities purchased under resale agreements and cash equivalents	4.25	%	4.19	%	4.26	%	4.68	%	5.42	%
Investment securities	3.68		3.59		3.51		3.33		3.38
FHLB and FRB stock (1)	7.65		7.67		7.64		7.55		8.22

Liquidity management assets	3.91	%	3.84	%	3.82	%	3.86	%	3.94	%
Other earning assets	—		—		2.84		6.01		6.38
Mortgage loans held-for-sale	6.39		6.29		6.01		5.91		6.59
Loans, net of unearned income	6.44		6.48		6.53		6.68		6.90

Total earning assets	5.93	%	5.96	%	5.98	%	6.09	%	6.33	%

Rate paid on:
NOW and interest-bearing demand deposits	2.40	%	2.34	%	2.25	%	2.25	%	2.38	%
Wealth management deposits	2.08		2.11		2.22		2.62		2.97
Money market accounts	3.47		3.44		3.38		3.62		4.05
Savings accounts	2.29		2.29		2.25		2.43		2.80
Time deposits	3.78		3.84		4.13		4.38		4.58
Interest-bearing deposits	3.15	%	3.14	%	3.16	%	3.39	%	3.72	%
FHLB advances	3.27		3.27		3.27		3.28		3.29
Other borrowings	4.44		4.70		4.73		5.18		5.76
Subordinated notes	4.94		5.02		5.05		4.98		4.95
Junior subordinated debentures	6.83		6.85		6.90		7.32		7.88
Total interest-bearing liabilities	3.21	%	3.20	%	3.22	%	3.44	%	3.75	%

Interest rate spread (2) (3)	2.72	%	2.76	%	2.76	%	2.65	%	2.58	%
Less: Fully taxable-equivalent adjustment	(0.02)		(0.02)		(0.02)		(0.02)		(0.02)
Net free funds/contribution (4)	0.78		0.78		0.80		0.86		0.93
Net interest margin (GAAP) (3)	3.48	%	3.52	%	3.54	%	3.49	%	3.49	%
Fully taxable-equivalent adjustment	0.02		0.02		0.02		0.02		0.02
Net interest margin, fully taxable-equivalent (non-GAAP) (3)	3.50	%	3.54	%	3.56	%	3.51	%	3.51	%

(1)Federal Home Loan Bank (“FHLB”) and Federal Reserve Bank (“FRB”)

(2)Interest rate spread is the difference between the yield earned on earning assets and the rate paid on interest-bearing liabilities.

(3)See Table 18: Supplemental Non-GAAP Financial Measures/Ratios for additional information on this performance measure/ratio.

(4)Net free funds are the difference between total average earning assets and total average interest-bearing liabilities. The estimated contribution to net interest margin from net free funds is calculated using the rate paid for total interest-bearing liabilities.

TABLE 7: YEAR-TO-DATE AVERAGE BALANCES, AND NET INTEREST INCOME AND MARGIN


	Average Balance for nine months ended,				Interest for nine months ended,				Yield/Rate for nine months ended,
(Dollars in thousands)	Sep 30, 2025		Sep 30, 2024		Sep 30, 2025		Sep 30, 2024		Sep 30, 2025		Sep 30, 2024
Interest-bearing deposits with banks, securities purchased under resale agreements and cash equivalents (1)	$	3,367,419	$	1,720,387	$	106,605	$	69,310	4.23	%	5.38	%
Investment securities (2)	8,866,621		8,276,711		238,540		210,834		3.60		3.40
FHLB and FRB stock (3)	282,016		249,375		16,144		14,903		7.65		7.98

Liquidity management assets (4) (5)	$	12,516,056	$	10,246,473	$	361,289	$	295,047	3.86	%	3.85	%
Other earning assets (4) (5) (6)	4,332		15,966		92		715		2.84		5.98
Mortgage loans held-for-sale	297,568		338,061		13,875		15,813		6.23		6.25
Loans, net of unearned income (4) (5) (7)	49,597,938		43,963,779		2,405,059		2,261,341		6.48		6.87


Total earning assets (5)	$	62,415,894	$	54,564,279	$	2,780,315	$	2,572,916	5.96	%	6.30	%
Allowance for loan and investment security losses	(395,041)		(368,713)
Cash and due from banks	483,543		450,899
Other assets	3,594,449		3,367,882
Total assets	$	66,098,845	$	58,014,347

NOW and interest-bearing demand deposits	$	6,387,859	$	5,279,697	$	111,565	$	98,586	2.34	%	2.49	%
Wealth management deposits	1,577,312		1,467,886		25,203		30,913		2.14		2.81
Money market accounts	18,405,748		15,398,045		472,095		460,466		3.43		3.99
Savings accounts	6,594,716		5,923,205		112,404		123,026		2.28		2.77
Time deposits	9,859,196		8,435,172		288,282		284,263		3.91		4.50
Interest-bearing deposits	$	42,824,831	$	36,504,005	$	1,009,549	$	997,254	3.15	%	3.65	%
Federal Home Loan Bank advances	3,151,310		3,002,228		77,172		73,099		3.27		3.25
Other borrowings	597,016		612,627		20,636		26,961		4.62		5.88
Subordinated notes	298,396		381,813		11,166		14,384		5.00		5.03
Junior subordinated debentures	253,566		253,566		13,006		15,011		6.86		7.91
Total interest-bearing liabilities	$	47,125,119	$	40,754,239	$	1,131,529	$	1,126,709	3.21	%	3.69	%
Non-interest-bearing deposits	10,722,772		10,041,972
Other liabilities	1,489,635		1,589,790
Equity	6,761,319		5,628,346
Total liabilities and shareholders’ equity	$	66,098,845	$	58,014,347
Interest rate spread (5) (8)									2.75	%	2.61	%
Less: Fully taxable-equivalent adjustment					(8,608)		(8,820)		(0.02)		(0.02)
Net free funds/contribution (9)	$	15,290,775	$	13,810,040					0.78		0.93
Net interest income/margin (GAAP) (5)					$	1,640,178	$	1,437,387	3.51	%	3.52	%
Fully taxable-equivalent adjustment					8,608		8,820		0.02		0.02
Net interest income/margin, fully taxable-equivalent (non-GAAP) (5)					$	1,648,786	$	1,446,207	3.53	%	3.54	%

(3)Federal Home Loan Bank (“FHLB”) and Federal Reserve Bank (“FRB”)

(4)Interest income on tax-advantaged loans, trading securities and investment securities reflects a taxable-equivalent adjustment based on the marginal federal corporate tax rate in effect as of the applicable period.

(5)See Table 18: Supplemental Non-GAAP Financial Measures/Ratios for additional information on this performance measure/ratio.

(6)Other earning assets include brokerage customer receivables and trading account securities.

(7)Loans, net of unearned income, include non-accrual loans.

(8)Interest rate spread is the difference between the yield earned on earning assets and the rate paid on interest-bearing liabilities.

(9)Net free funds are the difference between total average earning assets and total average interest-bearing liabilities. The estimated contribution to net interest margin from net free funds is calculated using the rate paid for total interest-bearing liabilities.

TABLE 8: INTEREST RATE SENSITIVITY

As an ongoing part of its financial strategy, the Company attempts to manage the impact of fluctuations in market interest rates on net interest income. Management measures its exposure to changes in interest rates by modeling many different interest rate scenarios.

The following interest rate scenarios display the percentage change in net interest income over a one-year time horizon assuming increases and decreases of 100 and 200 basis points as compared to projected net interest income in a scenario with no assumed rate changes. The Static Shock Scenario results incorporate actual cash flows and repricing characteristics for balance sheet instruments following an instantaneous, parallel change in market rates based upon a static (i.e. no growth or constant) balance sheet. Conversely, the Ramp Scenario results incorporate management’s projections of future volume and pricing of each of the product lines following a gradual, parallel change in market rates over twelve months. Actual results may differ from these simulated results due to timing, magnitude, and frequency of interest rate changes as well as changes in market conditions and management strategies. The interest rate sensitivity for both the Static Shock and Ramp Scenario is as follows:


Static Shock Scenario	+200 Basis Points		+100 Basis Points		-100 Basis Points		-200 Basis Points
Sep 30, 2025	(2.3)	%	(0.8)	%	0.0	%	(0.4)	%
Jun 30, 2025	(1.5)		(0.4)		(0.2)		(1.2)
Mar 31, 2025	(1.8)		(0.6)		(0.2)		(1.2)
Dec 31, 2024	(1.6)		(0.6)		(0.3)		(1.5)
Sep 30, 2024	1.2		1.1		0.4		(0.9)


Ramp Scenario	+200 Basis Points		+100 Basis Points		-100 Basis Points		-200 Basis Points
Sep 30, 2025	(0.2)	%	(0.1)	%	0.1	%	(0.1)	%
Jun 30, 2025	0.0		0.0		(0.1)		(0.4)
Mar 31, 2025	0.2		0.2		(0.1)		(0.5)
Dec 31, 2024	(0.2)		(0.0)		0.0		(0.3)
Sep 30, 2024	1.6		1.2		0.7		0.5

As shown above, the magnitude of potential changes in net interest income in various interest rate scenarios has continued to remain relatively neutral. As the current interest rate cycle progressed, management took action to reposition its sensitivity to interest rates. To this end, management has executed various derivative instruments including collars, floors and receive fixed swaps to hedge variable rate loan exposures and originated a higher percentage of its loan originations in longer-term fixed-rate loans. The Company will continue to monitor current and projected interest rates and may execute additional derivatives to mitigate potential fluctuations in the net interest margin in future periods.

TABLE 9: MATURITIES AND SENSITIVITIES TO CHANGES IN INTEREST RATES


	Loans repricing or contractual maturity period
As of September 30, 2025	One year or less		From one to five years		From five to fifteen years		After fifteen years		Total
(In thousands)
Commercial
Fixed rate	$	465,635	$	3,851,843	$	2,154,642	$	17,113	$	6,489,233

Variable rate	10,054,366		743		—		—		10,055,109
Total commercial	$	10,520,001	$	3,852,586	$	2,154,642	$	17,113	$	16,544,342
Commercial real estate
Fixed rate	$	771,993	$	2,629,379	$	358,703	$	68,729	$	3,828,804
Variable rate	9,779,638		10,700		65		—		9,790,403
Total commercial real estate	$	10,551,631	$	2,640,079	$	358,768	$	68,729	$	13,619,207
Home equity
Fixed rate	$	9,470	$	464	$	—	$	13	$	9,947
Variable rate	474,255		—		—		—		474,255
Total home equity	$	483,725	$	464	$	—	$	13	$	484,202
Residential real estate
Fixed rate	$	17,018	$	4,563	$	70,142	$	1,040,869	$	1,132,592
Variable rate	117,542		736,051		2,157,685		—		3,011,278
Total residential real estate	$	134,560	$	740,614	$	2,227,827	$	1,040,869	$	4,143,870
Premium finance receivables - property & casualty
Fixed rate	$	8,275,798	$	90,494	$	—	$	—	$	8,366,292
Variable rate	—		—		—		—		—
Total premium finance receivables - property & casualty	$	8,275,798	$	90,494	$	—	$	—	$	8,366,292
Premium finance receivables - life insurance
Fixed rate	$	255,894	$	140,954	$	4,000	$	—	$	400,848
Variable rate	8,357,705		—		—		—		8,357,705
Total premium finance receivables - life insurance	$	8,613,599	$	140,954	$	4,000	$	—	$	8,758,553
Consumer and other
Fixed rate	$	65,657	$	8,660	$	1,045	$	853	$	76,215
Variable rate	70,801		—		—		—		70,801
Total consumer and other	$	136,458	$	8,660	$	1,045	$	853	$	147,016

Total per category
Fixed rate	$	9,861,465	$	6,726,357	$	2,588,532	$	1,127,577	$	20,303,931

Variable rate	28,854,307		747,494		2,157,750		—		31,759,551
Total loans, net of unearned income	$	38,715,772	$	7,473,851	$	4,746,282	$	1,127,577	$	52,063,482
Less: Existing cash flow hedging derivatives (1)	(5,650,000)

Total loans repricing or maturing in one year or less, adjusted for cash flow hedging activity	$	33,065,772

Variable Rate Loan Pricing by Index:
SOFR tenors (2)									$	20,295,819
12- month CMT (3)									7,284,381
Prime									3,083,193
Fed Funds									768,000



Other U.S. Treasury tenors									191,629
Other									136,529
Total variable rate									$	31,759,551

(1)Excludes cash flow hedges with future effective starting dates.

(2)SOFR - Secured Overnight Financing Rate.

(3)CMT - Constant Maturity Treasury Rate.

Source: Bloomberg

As noted in the table on the previous page, the majority of the Company’s portfolio is tied to SOFR and CMT indices which, as shown in the table above, do not mirror the same changes as the Prime rate, which has historically moved when the Federal Reserve raises or lowers interest rates. Specifically, the Company has variable rate loans of $17.5 billion tied to one-month SOFR and $7.3 billion tied to twelve-month CMT. The above chart shows:


	Basis Point (bp) Change in
	1-month SOFR		12- month CMT		Prime
Third Quarter 2025	(19)	bps	(28)	bps	(25)	bps
Second Quarter 2025	—		(7)		—
First Quarter 2025	(1)		(13)		—
fourth quarter 2024	(52)		18		(50)
Third Quarter 2024	(49)		(111)		(50)

TABLE 10: ALLOWANCE FOR CREDIT LOSSES


	Three Months Ended															Nine Months Ended
	Sep 30,			Jun 30,			Mar 31,			Dec 31,			Sep 30,			Sep 30,			Sep 30,
(Dollars in thousands)	2025			2025			2025			2024			2024			2025			2024
Allowance for credit losses at beginning of period	$	457,461		$	448,387		$	437,060		$	436,193		$	437,560		$	437,060		$	427,612

Provision for credit losses - Other	21,768			22,234			23,963			16,979			6,787			67,965			68,521
Provision for credit losses - Day 1 on non-PCD assets acquired during the period	—			—			—			—			15,547			—			15,547
Initial allowance for credit losses recognized on PCD assets acquired during the period	—			—			—			—			3,004			—			3,004
Other adjustments	(88)			180			4			(187)			30			96			(20)
Charge-offs:
Commercial	21,597			6,148			9,722			5,090			22,975			37,467			43,774
Commercial real estate	144			5,711			454			1,037			95			6,309			21,090
Home equity	27			111			—			—			—			138			74
Residential real estate	26			—			—			114			—			26			61

Premium finance receivables - property & casualty	6,860			6,346			7,114			13,301			7,790			20,320			24,214
Premium finance receivables - life insurance	18			—			12			—			4			30			4
Consumer and other	174			179			147			189			154			500			398

Total charge-offs	28,846			18,495			17,449			19,731			31,018			64,790			89,615
Recoveries:
Commercial	1,449			1,746			929			775			649			4,124			2,078
Commercial real estate	241			10			12			172			30			263			151
Home equity	104			30			216			194			101			350			165
Residential real estate	1			2			136			0			5			139			15

Premium finance receivables - property & casualty	2,459			3,335			3,487			2,646			3,436			9,281			8,613
Premium finance receivables - life insurance	—			—			—			—			41			—			54
Consumer and other	37			32			29			19			21			98			68

Total recoveries	4,291			5,155			4,809			3,806			4,283			14,255			11,144
Net charge-offs	(24,555)			(13,340)			(12,640)			(15,925)			(26,735)			(50,535)			(78,471)
Allowance for credit losses at period end	$	454,586		$	457,461		$	448,387		$	437,060		$	436,193		$	454,586		$	436,193

Annualized net charge-offs (recoveries) by category as a percentage of its own respective category’s average:
Commercial	0.49		%	0.11		%	0.23		%	0.11		%	0.61		%	0.28		%	0.41		%
Commercial real estate	(0.00)			0.17			0.01			0.03			0.00			0.06			0.23
Home equity	(0.06)			0.07			(0.20)			(0.18)			(0.10)			(0.06)			(0.03)
Residential real estate	0.00			(0.00)			(0.02)			0.01			0.00			(0.00)			0.00

Premium finance receivables - property & casualty	0.20			0.16			0.20			0.59			0.24			0.19			0.30
Premium finance receivables - life insurance	0.00			—			0.00			—			0.00			0.00			(0.00)
Consumer and other	0.40			0.44			0.45			0.63			0.63			0.43			0.54

Total loans, net of unearned income	0.19		%	0.11		%	0.11		%	0.13		%	0.23		%	0.14			0.24		%


Loans at period end	$	52,063,482		$	51,041,679		$	48,708,390		$	48,055,037		$	47,067,447
Allowance for loan losses as a percentage of loans at period end	0.74		%	0.77		%	0.78		%	0.76		%	0.77		%
Allowance for loan and unfunded lending-related commitment losses as a percentage of loans at period end	0.87			0.90			0.92			0.91			0.93

PCD - Purchase Credit Deteriorated

TABLE 11: ALLOWANCE AND PROVISION FOR CREDIT LOSSES BY COMPONENT


	Three Months Ended										Nine Months Ended
	Sep 30,		Jun 30,		Mar 31,		Dec 31,		Sep 30,		Sep 30,		Sep 30,
(In thousands)	2025		2025		2025		2024		2024		2025		2024
Provision for loan losses - Other	$	19,610	$	26,607	$	26,826	$	19,852	$	6,782	$	73,043	$	78,052
Provision for credit losses - Day 1 on non-PCD assets acquired during the period	—		—		—		—		15,547		—		15,547
Provision for unfunded lending-related commitments losses - Other	2,160		(4,325)		(2,852)		(2,851)		17		(5,017)		(9,663)
Provision for held-to-maturity securities losses	(2)		(48)		(11)		(22)		(12)		(61)		132
Provision for credit losses	$	21,768	$	22,234	$	23,963	$	16,979	$	22,334	$	67,965	$	84,068

Allowance for loan losses	$	386,622	$	391,654	$	378,207	$	364,017	$	360,279
Allowance for unfunded lending-related commitments losses	67,569		65,409		69,734		72,586		75,435
Allowance for loan losses and unfunded lending-related commitments losses	454,191		457,063		447,941		436,603		435,714
Allowance for held-to-maturity securities losses	395		398		446		457		479
Allowance for credit losses	$	454,586	$	457,461	$	448,387	$	437,060	$	436,193

PCD - Purchase Credit Deteriorated

TABLE 12: ALLOWANCE BY LOAN PORTFOLIO

The table below summarizes the calculation of allowance for loan losses and allowance for unfunded lending-related commitments losses for the Company’s loan portfolios as well as core and niche portfolios, as of September 30, 2025, June 30, 2025 and March 31, 2025.


	As of Sep 30, 2025						As of Jun 30, 2025						As of Mar 31, 2025
(Dollars in thousands)	Recorded Investment		Calculated Allowance		% of its category’s balance		Recorded Investment		Calculated Allowance		% of its category’s balance		Recorded Investment		Calculated Allowance		% of its category’s balance
Commercial	$	16,544,342	$	189,476	1.15	%	$	16,387,431	$	194,568	1.19	%	$	15,931,326	$	201,183	1.26	%

Commercial real estate:
Construction and development	2,658,153		78,765		2.96		2,529,117		75,936		3.00		2,448,881		71,388		2.92
Non-construction	10,961,054		151,712		1.38		10,762,893		148,422		1.38		10,466,020		138,622		1.32
Total commercial real estate	$	13,619,207	$	230,477	1.69	%	$	13,292,010	$	224,358	1.69	%	$	12,914,901	$	210,010	1.63	%
Total commercial and commercial real estate	$	30,163,549	$	419,953	1.39	%	$	29,679,441	$	418,926	1.41	%	$	28,846,227	$	411,193	1.43	%
Home equity	484,202		9,229		1.91		466,815		9,221		1.98		455,683		9,139		2.01
Residential real estate	4,143,870		12,013		0.29		3,948,782		11,455		0.29		3,685,159		10,652		0.29
Premium finance receivables
Property and casualty insurance	8,366,292		11,187		0.13		8,323,176		15,872		0.19		7,239,862		15,310		0.21
Life insurance	8,758,553		762		0.01		8,506,960		740		0.01		8,365,140		729		0.01
Consumer and other	147,016		1,047		0.71		116,505		849		0.73		116,319		918		0.79
Total loans, net of unearned income	$	52,063,482	$	454,191	0.87	%	$	51,041,679	$	457,063	0.90	%	$	48,708,390	$	447,941	0.92	%


Total core loans (1)	$	30,610,433	$	408,780	1.34	%	$	29,928,663	$	409,826	1.37	%	$	29,108,500	$	397,664	1.37	%
Total niche loans (1)	21,453,049		45,411		0.21		21,113,016		47,237		0.22		19,599,890		50,277		0.26

(1)See Table 1 for additional detail on core and niche loans.

TABLE 13: LOAN PORTFOLIO AGING


(In thousands)	Sep 30, 2025		Jun 30, 2025		Mar 31, 2025		Dec 31, 2024		Sep 30, 2024
Loan Balances:
Commercial
Nonaccrual	$	66,577	$	80,877	$	70,560	$	73,490	$	63,826
90+ days and still accruing	—		—		46		104		20
60-89 days past due	12,190		34,855		15,243		54,844		32,560
30-59 days past due	36,136		45,103		97,397		92,551		46,057
Current	16,429,439		16,226,596		15,748,080		15,353,562		15,105,230
Total commercial	$	16,544,342	$	16,387,431	$	15,931,326	$	15,574,551	$	15,247,693
Commercial real estate
Nonaccrual	$	28,202	$	32,828	$	26,187	$	21,042	$	42,071
90+ days and still accruing	—		—		—		—		225
60-89 days past due	14,119		11,257		6,995		10,521		13,439
30-59 days past due	83,055		51,173		83,653		30,766		48,346
Current	13,493,831		13,196,752		12,798,066		12,841,615		12,689,336
Total commercial real estate	$	13,619,207	$	13,292,010	$	12,914,901	$	12,903,944	$	12,793,417
Home equity
Nonaccrual	$	1,295	$	1,780	$	2,070	$	1,117	$	1,122
90+ days and still accruing	—		—		—		—		—
60-89 days past due	246		138		984		1,233		1,035
30-59 days past due	2,294		2,971		3,403		2,148		2,580
Current	480,367		461,926		449,226		440,530		422,306
Total home equity	$	484,202	$	466,815	$	455,683	$	445,028	$	427,043
Residential real estate
Early buy-out loans guaranteed by U.S. government agencies (1)	$	124,824	$	134,067	$	123,742	$	156,756	$	135,389
Nonaccrual	28,942		28,047		22,522		23,762		17,959
90+ days and still accruing	—		—		—		—		—
60-89 days past due	8,829		8,954		1,351		5,708		6,364
30-59 days past due	95		38		38,943		18,917		2,160
Current	3,981,180		3,777,676		3,498,601		3,407,622		3,226,166
Total residential real estate	$	4,143,870	$	3,948,782	$	3,685,159	$	3,612,765	$	3,388,038







Premium finance receivables - property & casualty
Nonaccrual	$	24,512	$	30,404	$	29,846	$	28,797	$	36,079
90+ days and still accruing	13,006		14,350		18,081		16,031		18,235
60-89 days past due	23,527		25,641		19,717		19,042		18,740
30-59 days past due	38,133		29,460		39,459		68,219		30,204
Current	8,267,114		8,223,321		7,132,759		7,139,953		7,028,423
Total Premium finance receivables - property & casualty	$	8,366,292	$	8,323,176	$	7,239,862	$	7,272,042	$	7,131,681
Premium finance receivables - life insurance
Nonaccrual	$	—	$	—	$	—	$	6,431	$	—
90+ days and still accruing	—		327		2,962		—		—
60-89 days past due	34,016		11,202		10,587		72,963		10,902
30-59 days past due	34,506		34,403		29,924		36,405		74,432
Current	8,690,031		8,461,028		8,321,667		8,031,346		7,911,565
Total Premium finance receivables - life insurance	$	8,758,553	$	8,506,960	$	8,365,140	$	8,147,145	$	7,996,899
Consumer and other
Nonaccrual	$	38	$	41	$	18	$	2	$	2
90+ days and still accruing	60		184		98		47		148
60-89 days past due	49		61		162		59		22
30-59 days past due	159		175		542		882		264
Current	146,710		116,044		115,499		98,572		82,240
Total consumer and other	$	147,016	$	116,505	$	116,319	$	99,562	$	82,676
Total loans, net of unearned income
Early buy-out loans guaranteed by U.S. government agencies (1)	$	124,824	$	134,067	$	123,742	$	156,756	$	135,389
Nonaccrual	149,566		173,977		151,203		154,641		161,059
90+ days and still accruing	13,066		14,861		21,187		16,182		18,628
60-89 days past due	92,976		92,108		55,039		164,370		83,062
30-59 days past due	194,378		163,323		293,321		249,888		204,043
Current	51,488,672		50,463,343		48,063,898		47,313,200		46,465,266
Total loans, net of unearned income	$	52,063,482	$	51,041,679	$	48,708,390	$	48,055,037	$	47,067,447

(1)Early buy-out loans are insured or guaranteed by the Federal Housing Administration or the U.S. Department of Veterans Affairs, subject to indemnifications and insurance limits for certain loans.

TABLE 14: NON-PERFORMING ASSETS (1)


	Sep 30,			Jun 30,			Mar 31,			Dec 31,			Sep 30,
(Dollars in thousands)	2025			2025			2025			2024			2024
Loans past due greater than 90 days and still accruing:
Commercial	$	—		$	—		$	46		$	104		$	20
Commercial real estate	—			—			—			—			225
Home equity	—			—			—			—			—
Residential real estate	—			—			—			—			—
Premium finance receivables - property & casualty	13,006			14,350			18,081			16,031			18,235
Premium finance receivables - life insurance	—			327			2,962			—			—
Consumer and other	60			184			98			47			148
Total loans past due greater than 90 days and still accruing	13,066			14,861			21,187			16,182			18,628
Non-accrual loans:
Commercial	66,577			80,877			70,560			73,490			63,826
Commercial real estate	28,202			32,828			26,187			21,042			42,071
Home equity	1,295			1,780			2,070			1,117			1,122
Residential real estate	28,942			28,047			22,522			23,762			17,959
Premium finance receivables - property & casualty	24,512			30,404			29,846			28,797			36,079
Premium finance receivables - life insurance	—			—			—			6,431			—
Consumer and other	38			41			18			2			2
Total non-accrual loans	149,566			173,977			151,203			154,641			161,059
Total non-performing loans:
Commercial	66,577			80,877			70,606			73,594			63,846
Commercial real estate	28,202			32,828			26,187			21,042			42,296
Home equity	1,295			1,780			2,070			1,117			1,122
Residential real estate	28,942			28,047			22,522			23,762			17,959
Premium finance receivables - property & casualty	37,518			44,754			47,927			44,828			54,314
Premium finance receivables - life insurance	—			327			2,962			6,431			—
Consumer and other	98			225			116			49			150
Total non-performing loans	$	162,632		$	188,838		$	172,390		$	170,823		$	179,687
Other real estate owned	24,832			23,615			22,625			23,116			13,682


Total non-performing assets	$	187,464		$	212,453		$	195,015		$	193,939		$	193,369

Total non-performing loans by category as a percent of its own respective category’s period-end balance:
Commercial	0.40		%	0.49		%	0.44		%	0.47		%	0.42		%
Commercial real estate	0.21			0.25			0.20			0.16			0.33
Home equity	0.27			0.38			0.45			0.25			0.26
Residential real estate	0.70			0.71			0.61			0.66			0.53
Premium finance receivables - property & casualty	0.45			0.54			0.66			0.62			0.76
Premium finance receivables - life insurance	—			0.00			0.04			0.08			—
Consumer and other	0.07			0.19			0.10			0.05			0.18
Total loans, net of unearned income	0.31		%	0.37		%	0.35		%	0.36		%	0.38		%
Total non-performing assets as a percentage of total assets	0.27		%	0.31		%	0.30		%	0.30		%	0.30		%
Allowance for loan losses and unfunded lending-related commitments losses as a percentage of non-accrual loans	303.67		%	262.71		%	296.25		%	282.33		%	270.53		%

(1)Excludes early buy-out loans guaranteed by U.S. government agencies. Early buy-out loans are insured or guaranteed by the Federal Housing Administration or the U.S. Department of Veterans Affairs, subject to indemnifications and insurance limits for certain loans.

Non-performing Loans Rollforward, excluding early buy-out loans guaranteed by U.S. government agencies


	Three Months Ended										Nine Months Ended
	Sep 30,		Jun 30,		Mar 31,			Dec 31,			Sep 30,	Sep 30,				Sep 30,
(In thousands)	2025		2025		2025			2024			2024	2025				2024

Balance at beginning of period	$	188,838	$	172,390		$	170,823		$	179,687		$	174,251	$	170,823		$	139,030
Additions from becoming non-performing in the respective period	34,805		48,651			27,721			30,931			42,335		111,177			119,853
Additions from assets acquired in the respective period	—		—			—			—			189		—			189
Return to performing status	(3,399)		(6,896)			(1,207)			(1,108)			(362)		(11,502)			(1,764)
Payments received	(28,052)		(5,602)			(15,965)			(12,219)			(10,894)		(49,619)			(28,841)
Transfer to OREO or other assets	(348)		(2,247)			—			(17,897)			(3,680)		(2,595)			(12,006)
Charge-offs, net	(21,526)		(11,734)			(8,600)			(5,612)			(21,211)		(41,860)			(43,694)
Net change for premium finance receivables	(7,686)		(5,724)			(382)			(2,959)			(941)		(13,792)			6,920
Balance at end of period	$	162,632	$	188,838		$	172,390		$	170,823		$	179,687	$	162,632		$	179,687

Other Real Estate Owned


	Three Months Ended
	Sep 30,		Jun 30,		Mar 31,		Dec 31,		Sep 30,
(In thousands)	2025		2025		2025		2024		2024
Balance at beginning of period	$	23,615	$	22,625	$	23,116	$	13,682	$	19,731
Disposals/resolved	—		—		—		(8,545)		(9,729)
Transfers in at fair value, less costs to sell	1,217		1,315		—		17,979		3,680

Fair value adjustments	—		(325)		(491)		—		—
Balance at end of period	$	24,832	$	23,615	$	22,625	$	23,116	$	13,682

	Period End
(In thousands)	Sep 30,		Jun 30,		Mar 31,		Dec 31,		Sep 30,
Balance by Property Type:	2025		2025		2025		2024		2024
Residential real estate	$	—	$	—	$	—	$	—	$	—

Commercial real estate	24,832		23,615		22,625		23,116		13,682
Total	$	24,832	$	23,615	$	22,625	$	23,116	$	13,682

TABLE 15: NON-INTEREST INCOME


	Three Months Ended										Q3 2025 compared to Q2 2025				Q3 2025 compared to Q3 2024
	Sep 30,		Jun 30,		Mar 31,		Dec 31,		Sep 30,
(Dollars in thousands)	2025		2025		2025		2024		2024		$ Change		% Change		$ Change		% Change
Brokerage	$	4,426	$	4,212	$	4,757	$	5,328	$	6,139	$	214	5	%	$	(1,713)	(28)	%
Trust and asset management	32,762		32,609		29,285		33,447		31,085		153		0		1,677		5
Total wealth management	37,188		36,821		34,042		38,775		37,224		367		1		(36)		0
Mortgage banking	24,451		23,170		20,529		20,452		15,974		1,281		6		8,477		53
Service charges on deposit accounts	19,825		19,502		19,362		18,864		16,430		323		2		3,395		21
Gains (losses) on investment securities, net	2,972		650		3,196		(2,835)		3,189		2,322		NM		(217)		(7)
Fees from covered call options	5,619		5,624		3,446		2,305		988		(5)		0		4,631		NM
Trading gains (losses), net	172		151		(64)		(113)		(130)		21		14		302		NM
Operating lease income, net	15,466		15,166		15,287		15,327		15,335		300		2		131		1
Other:
Interest rate swap fees	3,909		3,010		2,269		3,360		2,914		899		30		995		34
BOLI	1,591		2,257		796		1,236		1,517		(666)		(30)		74		5
Administrative services	1,240		1,315		1,393		1,347		1,450		(75)		(6)		(210)		(14)
Foreign currency remeasurement (losses) gains	(416)		658		(183)		(682)		696		(1,074)		NM		(1,112)		NM
Changes in fair value on EBOs and loans held-for-investment	1,452		172		383		129		518		1,280		NM		934		NM
Early pay-offs of capital leases	519		400		768		514		532		119		30		(13)		(2)
Miscellaneous	16,839		15,193		15,410		14,772		16,510		1,646		11		329		2
Total Other	25,134		23,005		20,836		20,676		24,137		2,129		9		997		4
Total Non-Interest Income	$	130,827	$	124,089	$	116,634	$	113,451	$	113,147	$	6,738	5	%	$	17,680	16	%


	Nine Months Ended				Q3 2025 compared to Q3 2024
	Sep 30,		Sep 30,
(Dollars in thousands)	2025		2024		$ Change		% Change
Brokerage	$	13,395	$	17,283	$	(3,888)	(22)	%
Trust and asset management	94,656		90,169		4,487		5
Total wealth management	108,051		107,452		599		1
Mortgage banking	68,150		72,761		(4,611)		(6)
Service charges on deposit accounts	58,689		46,787		11,902		25
Gains on investment securities, net	6,818		233		6,585		NM
Fees from covered call options	14,689		7,891		6,798		86
Trading gains, net	259		617		(358)		(58)
Operating lease income, net	45,919		43,383		2,536		6
Other:
Interest rate swap fees	9,188		9,134		54		1
BOLI	4,644		4,519		125		3
Administrative services	3,948		3,989		(41)		(1)
Foreign currency remeasurement gains (losses)	59		(620)		679		NM
Changes in fair value on EBOs and loans held-for-investment	2,007		683		1,324		NM
Early pay-offs of capital leases	1,687		1,355		332		25
Miscellaneous	47,442		76,690		(29,248)		(38)
Total Other	68,975		95,750		(26,775)		(28)
Total Non-Interest Income	$	371,550	$	374,874	$	(3,324)	(1)	%

NM - Not meaningful.

BOLI - Bank-owned life insurance.

EBO - Early buy-out.

TABLE 16: MORTGAGE BANKING


	Three Months Ended
(Dollars in thousands)	Sep 30, 2025			Jun 30, 2025			Mar 31, 2025			Dec 31, 2024			Sep 30, 2024
Originations:
Retail originations	$	505,793		$	523,759		$	348,468		$	483,424		$	527,408

Veterans First originations	137,600			157,787			111,985			176,914			239,369
Total originations for sale (A)	$	643,393		$	681,546		$	460,453		$	660,338		$	766,777
Originations for investment	351,012			422,926			217,177			355,119			218,984
Total originations	$	994,405		$	1,104,472		$	677,630		$	1,015,457		$	985,761
As a percentage of originations for sale:
Retail originations	79		%	77		%	76		%	73		%	69		%
Veterans First originations	21			23			24			27			31

Purchases	77		%	74		%	77		%	65		%	72		%
Refinances	23			26			23			35			28



Production Margin:


Production revenue (B) (1)	$	15,388		$	13,380		$	9,941		$	6,993		$	13,113



Total originations for sale (A)	$	643,393		$	681,546		$	460,453		$	660,338		$	766,777
Add: Current period end mandatory interest rate lock commitments to fund originations for sale (2)	307,932			163,664			197,297			103,946			272,072
Less: Prior period end mandatory interest rate lock commitments to fund originations for sale (2)	163,664			197,297			103,946			272,072			222,738
Total mortgage production volume (C)	$	787,661		$	647,913		$	553,804		$	492,212		$	816,111
Production margin (B / C)	1.95		%	2.07		%	1.80		%	1.42		%	1.61		%

Mortgage Servicing:
Loans serviced for others (D)	$	12,524,131		$	12,470,924		$	12,402,352		$	12,400,913		$	12,253,361
Mortgage Servicing Rights (“MSR”), at fair value (E)	190,938			193,061			196,307			203,788			186,308
Percentage of MSRs to loans serviced for others (E / D)	1.52		%	1.55		%	1.58		%	1.64		%	1.52		%
Servicing income	$	10,112		$	10,520		$	10,611		$	10,731		$	10,809
MSR Fair Value Asset Activity
MSR - FV at Beginning of Period	$	193,061		$	196,307		$	203,788		$	186,308		$	204,610

MSR - current period capitalization	5,829			6,336			4,669			10,010			6,357
MSR - collection of expected cash flows - paydowns	(1,554)			(1,516)			(1,590)			(1,463)			(1,598)
MSR - collection of expected cash flows - payoffs and repurchases	(4,050)			(4,100)			(3,046)			(4,315)			(5,730)
MSR - changes in fair value model assumptions	(2,348)			(3,966)			(7,514)			13,248			(17,331)
MSR Fair Value at end of period	$	190,938		$	193,061		$	196,307		$	203,788		$	186,308
Summary of Mortgage Banking Revenue:
Operational:
Production revenue (1)	$	15,388		$	13,380		$	9,941		$	6,993		$	13,113
MSR - Current period capitalization	5,829			6,336			4,669			10,010			6,357
MSR - Collection of expected cash flows - paydowns	(1,554)			(1,516)			(1,590)			(1,463)			(1,598)
MSR - Collection of expected cash flows - pay offs	(4,050)			(4,100)			(3,046)			(4,315)			(5,730)
Servicing Income	10,112			10,520			10,611			10,731			10,809
Other Revenue	(345)			(79)			(172)			(51)			(67)
Total operational mortgage banking revenue	$	25,380		$	24,541		$	20,413		$	21,905		$	22,884
Fair Value:
MSR - changes in fair value model assumptions	$	(2,348)		$	(3,966)		$	(7,514)		$	13,248		$	(17,331)
Gain (loss) on derivative contract held as an economic hedge, net	265			2,535			4,897			(11,452)			6,892
Changes in FV on early buy-out loans guaranteed by US Govt (HFS)	1,154			60			2,733			(3,249)			3,529
Total fair value mortgage banking revenue	$	(929)		$	(1,371)		$	116		$	(1,453)		$	(6,910)
Total mortgage banking revenue	$	24,451		$	23,170		$	20,529		$	20,452		$	15,974

(1)Production revenue represents revenue earned from the origination and subsequent sale of mortgages, including gains on loans sold and fees from originations, changes in other related financial instruments carried at fair value, processing and other related activities, and excludes servicing fees, changes in the fair value of servicing rights and changes to the mortgage recourse obligation and other non-production revenue.

(2)Certain volume adjusted for the estimated pull-through rate of the loan, which represents the Company’s best estimate of the likelihood that a committed loan will ultimately fund.


	Nine Months Ended
(Dollars in thousands)		Sep 30, 2025			Sep 30, 2024
Originations:
Retail originations		$	1,378,020		$	1,403,306

Veterans First originations		407,372			561,270
Total originations for sale (A)		$	1,785,392		$	1,964,576
Originations for investment		991,115			663,561
Total originations		$	2,776,507		$	2,628,137
As a percentage of originations for sale:
Retail originations		77		%	71		%
Veterans First originations		23			29

Purchases		76		%	78		%
Refinances		24			22



Production Margin:


Production revenue (B) (1)		$	38,709		$	41,538



Total originations for sale (A)		$	1,785,392		$	1,964,576
Add: Current period end mandatory interest rate lock commitments to fund originations for sale (2)		307,932			272,072
Less: Prior period end mandatory interest rate lock commitments to fund originations for sale (2)		103,946			119,624
Total mortgage production volume (C)		$	1,989,378		$	2,117,024
Production margin (B / C)		1.95		%	1.96		%

Mortgage Servicing:
Loans serviced for others (D)		$	12,524,131		$	12,253,361
MSRs, at fair value (E)		190,938			186,308
Percentage of MSRs to loans serviced for others (E / D)		1.52		%	1.52		%
Servicing income		$	31,243		$	31,893
MSR Fair Value Asset Activity
MSR - FV at Beginning of Period		$	203,788		$	192,456

MSR - current period capitalization		16,834			19,959
MSR - collection of expected cash flows - paydowns		(4,660)			(4,546)
MSR - collection of expected cash flows - payoffs and repurchases		(11,196)			(12,702)
MSR - changes in fair value model assumptions		(13,828)			(8,859)
MSR Fair Value at end of period		$	190,938		$	186,308
Summary of Mortgage Banking Revenue:
Operational:
Production revenue (1)		$	38,709		$	41,538
MSR - Current period capitalization		16,834			19,959
MSR - Collection of expected cash flows - paydowns		(4,660)			(4,546)
MSR - Collection of expected cash flows - pay offs		(11,196)			(12,702)
Servicing Income		31,243			31,893
Other Revenue		(596)			(46)
Total operational mortgage banking revenue		$	70,334		$	76,096
Fair Value:
MSR - changes in fair value model assumptions		$	(13,828)		$	(8,859)
Gain on derivative contract held as an economic hedge, net		7,697			3,543
Changes in FV on early buy-out loans guaranteed by US Govt (HFS)		3,947			1,981
Total fair value mortgage banking revenue		$	(2,184)		$	(3,335)
Total mortgage banking revenue		$	68,150		$	72,761

(2)Certain volume adjusted for the estimated pull-through rate of the loan, which represents the Company’s best estimate of the likelihood that a committed loan will ultimately fund.

TABLE 17: NON-INTEREST EXPENSE


	Three Months Ended										Q3 2025 compared to Q2 2025				Q3 2025 compared to Q3 2024
	Sep 30,		Jun 30,		Mar 31,		Dec 31,		Sep 30,
(Dollars in thousands)	2025		2025		2025		2024		2024		$ Change		% Change		$ Change		% Change
Salaries and employee benefits:
Salaries	$	124,623	$	123,174	$	123,917	$	120,969	$	118,971	$	1,449	1	%	$	5,652	5	%
Commissions and incentive compensation	56,244		55,871		52,536		54,792		57,575		373		1		(1,331)		(2)
Benefits	38,801		40,496		35,073		36,372		34,715		(1,695)		(4)		4,086		12
Total salaries and employee benefits	219,668		219,541		211,526		212,133		211,261		127		0		8,407		4
Software and equipment	35,027		36,522		34,717		34,258		31,574		(1,495)		(4)		3,453		11
Operating lease equipment	10,409		10,757		10,471		10,263		10,518		(348)		(3)		(109)		(1)
Occupancy, net	20,809		20,228		20,778		20,597		19,945		581		3		864		4
Data processing	11,329		12,110		11,274		10,957		9,984		(781)		(6)		1,345		13
Advertising and marketing	19,027		18,761		12,272		13,097		18,239		266		1		788		4
Professional fees	7,465		9,243		9,044		11,334		9,783		(1,778)		(19)		(2,318)		(24)
Amortization of other acquisition-related intangible assets	5,196		5,580		5,618		5,773		4,042		(384)		(7)		1,154		29
FDIC insurance	11,418		10,971		10,926		10,640		10,512		447		4		906		9

OREO expense, net	262		505		643		397		(938)		(243)		(48)		1,200		NM
Other:
Lending expenses, net of deferred origination costs	6,169		4,869		5,866		6,448		4,995		1,300		27		1,174		24
Travel and entertainment	6,029		6,026		5,270		8,140		5,364		3		0		665		12
Miscellaneous	27,220		26,348		27,685		24,502		25,408		872		3		1,812		7
Total other	39,418		37,243		38,821		39,090		35,767		2,175		6		3,651		10
Total Non-Interest Expense	$	380,028	$	381,461	$	366,090	$	368,539	$	360,687	$	(1,433)	0	%	$	19,341	5	%


	Nine Months Ended				Q3 2025 compared to Q3 2024
	Sep 30,		Sep 30,
(Dollars in thousands)	2025		2024		$ Change		% Change
Salaries and employee benefits:
Salaries	$	371,714	$	345,003	$	26,711	8	%
Commissions and incentive compensation	164,651		160,727		3,924		2
Benefits	114,370		99,245		15,125		15
Total salaries and employee benefits	650,735		604,975		45,760		8
Software and equipment	106,266		88,536		17,730		20
Operating lease equipment	31,637		32,035		(398)		(1)
Occupancy, net	61,815		58,616		3,199		5
Data processing	34,713		28,779		5,934		21
Advertising and marketing	50,060		48,715		1,345		3
Professional fees	25,752		29,303		(3,551)		(12)
Amortization of other acquisition-related intangible assets	16,394		6,322		10,072		NM
FDIC insurance	33,315		30,322		2,993		10
FDIC insurance - special assessment	—		5,156		(5,156)		(100)
OREO expense, net	1,410		(805)		2,215		NM
Other:
Lending expenses, net of deferred origination costs	16,904		15,408		1,496		10
Travel and entertainment	17,325		15,301		2,024		13
Miscellaneous	81,253		71,522		9,731		14
Total other	115,482		102,231		13,251		13
Total Non-Interest Expense	$	1,127,579	$	1,034,185	$	93,394	9	%

NM - Not meaningful.

TABLE 18: SUPPLEMENTAL NON-GAAP FINANCIAL MEASURES/RATIOS

The accounting and reporting policies of Wintrust conform to generally accepted accounting principles (“GAAP”) in the United States and prevailing practices in the banking industry. However, certain non-GAAP performance measures and ratios are used by management to evaluate and measure the Company’s performance. These include taxable-equivalent net interest income (including its individual components), taxable-equivalent net interest margin (including its individual components), the taxable-equivalent efficiency ratio, tangible common equity ratio, tangible book value per common share, return on average tangible common equity, and pre-tax income, excluding provision for credit losses. Management believes that these measures and ratios provide users of the Company’s financial information a more meaningful view of the performance of the Company’s interest-earning assets and interest-bearing liabilities and of the Company’s operating efficiency. Other financial holding companies may define or calculate these measures and ratios differently.

Management reviews yields on certain asset categories and the net interest margin of the Company and its banking subsidiaries on a fully taxable-equivalent basis (“FTE”). In this non-GAAP presentation, net interest income is adjusted to reflect tax-exempt interest income on an equivalent before-tax basis using tax rates effective as of the end of the period. This measure ensures comparability of net interest income arising from both taxable and tax-exempt sources. Net interest income on a FTE basis is also used in the calculation of the Company’s efficiency ratio. The efficiency ratio, which is calculated by dividing non-interest expense by total taxable-equivalent net revenue (less securities gains or losses), measures how much it costs to produce one dollar of revenue. Securities gains or losses are excluded from this calculation to better match revenue from daily operations to operational expenses. Management considers the tangible common equity ratio and tangible book value per common share as useful measurements of the Company’s equity. The Company references the return on average tangible common equity as a measurement of profitability. Management considers pre-tax income, excluding provision for credit losses, as a useful measurement of the Company’s core net income.


	Three Months Ended															Nine Months Ended
	Sep 30,			Jun 30,			Mar 31,			Dec 31,			Sep 30,			Sep 30,			Sep 30,
(Dollars and shares in thousands)	2025			2025			2025			2024			2024			2025			2024
Reconciliation of Non-GAAP Net Interest Margin and Efficiency Ratio:
(A) Interest Income (GAAP)	$	963,834		$	920,908		$	886,965		$	913,501		$	908,604		$	2,771,707		$	2,564,096
Taxable-equivalent adjustment:
- Loans	2,154			2,200			2,206			2,352			2,474			6,560			7,025
- Liquidity Management Assets	675			680			690			716			668			2,045			1,785
- Other Earning Assets	—			—			3			2			2			3			10
(B) Interest Income (non-GAAP)	$	966,663		$	923,788		$	889,864		$	916,571		$	911,748		$	2,780,315		$	2,572,916
(C) Interest Expense (GAAP)	396,824			374,214			360,491			388,353			406,021			1,131,529			1,126,709
(D) Net Interest Income (GAAP) (A minus C)	567,010			546,694			526,474			525,148			502,583			1,640,178			1,437,387
(E) Net Interest Income (non-GAAP) (B minus C)	569,839			549,574			529,373			528,218			505,727			1,648,786			1,446,207
Net interest margin (GAAP)	3.48		%	3.52		%	3.54		%	3.49		%	3.49		%	3.51		%	3.52		%
Net interest margin, fully taxable-equivalent (non-GAAP)	3.50			3.54			3.56			3.51			3.51			3.53			3.54
(F) Non-interest income	$	130,827		$	124,089		$	116,634		$	113,451		$	113,147		$	371,550		$	374,874
(G) Gains (losses) on investment securities, net	2,972			650			3,196			(2,835)			3,189			6,818			233
(H) Non-interest expense	380,028			381,461			366,090			368,539			360,687			1,127,579			1,034,185
Efficiency ratio (H/(D+F-G))	54.69		%	56.92		%	57.21		%	57.46		%	58.88		%	56.24		%	57.07		%
Efficiency ratio (non-GAAP) (H/(E+F-G))	54.47			56.68			56.95			57.18			58.58			56.00			56.80


	Three Months Ended															Nine Months Ended
	Sep 30,			Jun 30,			Mar 31,			Dec 31,			Sep 30,			Sep 30,	Sep 30,
(Dollars and shares in thousands)	2025			2025			2025			2024			2024			2025	2024
Reconciliation of Non-GAAP Tangible Common Equity Ratio:
Total shareholders’ equity (GAAP)	$	7,045,757		$	7,225,696		$	6,600,537		$	6,344,297		$	6,399,714

Less: Non-convertible preferred stock (GAAP)	(425,000)			(837,500)			(412,500)			(412,500)			(412,500)
Less: Acquisition-related intangible assets (GAAP)	(902,936)			(908,639)			(913,004)			(918,632)			(924,646)
(I) Total tangible common shareholders’ equity (non-GAAP)	$	5,717,821		$	5,479,557		$	5,275,033		$	5,013,165		$	5,062,568
(J) Total assets (GAAP)	$	69,629,638		$	68,983,318		$	65,870,066		$	64,879,668		$	63,788,424
Less: Intangible assets (GAAP)	(902,936)			(908,639)			(913,004)			(918,632)			(924,646)
(K) Total tangible assets (non-GAAP)	$	68,726,702		$	68,074,679		$	64,957,062		$	63,961,036		$	62,863,778
Common equity to assets ratio (GAAP) (L/J)	9.5		%	9.3		%	9.4		%	9.1		%	9.4		%
Tangible common equity ratio (non-GAAP) (I/K)	8.3			8.0			8.1			7.8			8.1


Reconciliation of Non-GAAP Tangible Book Value per Common Share:
Total shareholders’ equity	$	7,045,757		$	7,225,696		$	6,600,537		$	6,344,297		$	6,399,714
Less: Preferred stock	(425,000)			(837,500)			(412,500)			(412,500)			(412,500)
(L) Total common equity	$	6,620,757		$	6,388,196		$	6,188,037		$	5,931,797		$	5,987,214
(M) Actual common shares outstanding	66,961			66,938			66,919			66,495			66,482
Book value per common share (L/M)	$	98.87		$	95.43		$	92.47		$	89.21		$	90.06
Tangible book value per common share (non-GAAP) (I/M)	85.39			81.86			78.83			75.39			76.15

Reconciliation of Non-GAAP Return on Average Tangible Common Equity:
(N) Net income applicable to common shares	$	188,913		$	188,536		$	182,048		$	178,371		$	163,010		$	559,497		$	488,710
Add: Acquisition-related intangible asset amortization	5,196			5,580			5,618			5,773			4,042			16,394			6,322
Less: Tax effect of acquisition-related intangible asset amortization	(1,403)			(1,495)			(1,421)			(1,547)			(1,087)			(4,328)			(1,682)
After-tax Acquisition-related intangible asset amortization	$	3,793		$	4,085		$	4,197		$	4,226		$	2,955		$	12,066		$	4,640
(O) Tangible net income applicable to common shares (non-GAAP)	$	192,706		$	192,621		$	186,245		$	182,597		$	165,965		$	571,563		$	493,350
Total average shareholders’ equity	$	6,955,543		$	6,862,040		$	6,460,941		$	6,418,403		$	5,990,429		$	6,761,319		$	5,628,346
Less: Average preferred stock	(483,288)			(599,313)			(412,500)			(412,500)			(412,500)			(498,626)			(412,500)
(P) Total average common shareholders’ equity	$	6,472,255		$	6,262,727		$	6,048,441		$	6,005,903		$	5,577,929		$	6,262,693		$	5,215,846
Less: Average acquisition-related intangible assets	(906,032)			(910,924)			(916,069)			(921,438)			(833,574)			(910,972)			(730,216)
(Q) Total average tangible common shareholders’ equity (non-GAAP)	$	5,566,223		$	5,351,803		$	5,132,372		$	5,084,465		$	4,744,355		$	5,351,721		$	4,485,630
Return on average common equity, annualized (N/P)	11.58		%	12.07		%	12.21		%	11.82		%	11.63		%	11.94		%	12.52		%
Return on average tangible common equity, annualized (non-GAAP) (O/Q)	13.74			14.44			14.72			14.29			13.92			14.28			14.69

Reconciliation of Non-GAAP Pre-Tax, Pre-Provision Income:
Income before taxes	$	296,041		$	267,088		$	253,055		$	253,081		$	232,709		$	816,184		$	694,008
Add: Provision for credit losses	21,768			22,234			23,963			16,979			22,334			67,965			84,068
Pre-tax income, excluding provision for credit losses (non-GAAP)	$	317,809		$	289,322		$	277,018		$	270,060		$	255,043		$	884,149		$	778,076


	Three Months Ended										Nine Months Ended
	Sep 30,		Jun 30,		Mar 31,		Dec 31,		Sep 30,		Sep 30,		Sep 30,
(Dollars and shares in thousands, except per share data)	2025		2025		2025		2024		2024		2025		2024
Reconciliation of Non-GAAP Net Income per Common Share:
Net income	$	216,254	$	195,527	$	189,039	$	185,362	$	170,001	$	600,820	$	509,683
Preferred stock dividends	13,295		6,991		6,991		6,991		6,991		27,277		20,973
Preferred stock redemption	14,046		—		—		—		—		14,046		—
(R) Net income applicable to common shares	$	188,913	$	188,536	$	182,048	$	178,371	$	163,010	$	559,497	$	488,710
(S) Weighted average common shares outstanding	66,952		66,931		66,726		66,491		64,888		66,871		62,743
Dilutive potential common shares	1,028		888		923		1,233		1,053		945		934
(T) Average common shares and dilutive common shares	67,980		67,819		67,649		67,724		65,941		67,816		63,677
Net income per common share - Basic (R/S)	$	2.82	$	2.82	$	2.73	$	2.68	$	2.51	$	8.37	$	7.79
Net income per common share - Diluted (R/T)	$	2.78	$	2.78	$	2.69	$	2.63	$	2.47	$	8.25	$	7.67
Preferred stock series F excess one-time extended first dividend	$	4,927	$	—	$	—	$	—	$	—	$	4,927	$	—
Preferred stock redemption	14,046		—		—		—		—		14,046		—
(U) Total non-recurring preferred stock offering impact (non-GAAP)	$	18,973	$	—	$	—	$	—	$	—	$	18,973	$	—
Net income per common share - Basic (non-GAAP) (R+U)/S	$	3.11	$	2.82	$	2.73	$	2.68	$	2.51	$	8.65	$	7.79
Net income per common share - Diluted (non-GAAP) (R+U)/T	$	3.06	$	2.78	$	2.69	$	2.63	$	2.47	$	8.53	$	7.67

WINTRUST SUBSIDIARIES

Wintrust is a financial holding company whose common stock is traded on the Nasdaq Global Select Market (Nasdaq: WTFC) that operates bank retail locations in the greater Chicago, southern Wisconsin, west Michigan, northwest Indiana, and southwest Florida market areas. Its 16 community bank subsidiaries are: Barrington Bank & Trust Company, N.A., Beverly Bank & Trust Company, N.A., Crystal Lake Bank & Trust Company, N.A., Hinsdale Bank & Trust Company, N.A., Lake Forest Bank & Trust Company, N.A., Libertyville Bank & Trust Company, N.A., Macatawa Bank, N.A., Northbrook Bank & Trust Company, N.A., Old Plank Trail Community Bank, N.A., Schaumburg Bank & Trust Company, N.A., St. Charles Bank & Trust Company, N.A., State Bank of The Lakes, N.A., Town Bank, N.A., Village Bank & Trust, N.A., Wheaton Bank & Trust Company, N.A., and Wintrust Bank, N.A.

Additionally, the Company operates various non-bank businesses:

•FIRST Insurance Funding and Wintrust Life Finance, each a division of Lake Forest Bank & Trust Company, N.A., serve commercial and life insurance loan customers, respectively, throughout the United States.

•First Insurance Funding of Canada serves commercial insurance loan customers throughout Canada.

•Tricom, Inc. of Milwaukee provides high-yielding, short-term accounts receivable financing and value-added out-sourced administrative services, such as data processing of payrolls, billing and cash management services, to temporary staffing service clients located throughout the United States.

•Wintrust Mortgage, a division of Barrington Bank & Trust Company, N.A., engages primarily in the origination and purchase of residential mortgages for sale into the secondary market through origination offices located throughout the United States.

•Wintrust Investments, LLC provides a full range of private client and brokerage services to clients and correspondent banks located primarily in the Midwest.

•Great Lakes Advisors LLC provides money management services and advisory services to individual accounts.

•Wintrust Private Trust Company, N.A., a trust subsidiary, allows Wintrust to service customers’ trust and investment needs at each banking location.

•Wintrust Asset Finance offers direct leasing opportunities.

•CDEC provides Qualified Intermediary services (as defined by U.S. Treasury regulations) for taxpayers seeking to structure tax-deferred like-kind exchanges under Internal Revenue Code Section 1031.

FORWARD-LOOKING STATEMENTS

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, are premised on many factors and assumptions, and represent only management’s expectations, estimates and projections regarding future events. Similarly, these statements are not guarantees of future performance and involve certain risks and uncertainties that are difficult to predict, and which may include, but are not limited to, those listed below and the Risk Factors discussed under Item 1A of the Company’s 2024 Annual Report on Form 10-K and in any of the Company’s subsequent SEC filings. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and is including this statement for purposes of invoking these safe harbor provisions. Such forward-looking statements may be deemed to include, among other things, statements relating to the Company’s future financial performance, the performance of its loan portfolio, the expected amount of future credit reserves and charge-offs, delinquency trends, growth plans, regulatory developments, securities that the Company may offer from time to time, and management’s long-term performance goals, as well as statements relating to the anticipated effects on the Company’s financial condition and results of operations from expected developments or events, the Company’s business and growth strategies, including future acquisitions of banks, specialty finance or wealth management businesses, internal growth and plans to form additional de novo banks or branch offices. Actual results could differ materially from those addressed in the forward-looking statements as a result of numerous factors, including the following:

•economic conditions and events that affect the economy, housing prices, the job market and other factors that may adversely affect the Company’s liquidity and the performance of its loan portfolios, including an actual or threatened U.S. government shutdown, debt default or rating downgrade, particularly in the markets in which it operates;

•negative effects suffered by us or our customers resulting from changes in U.S. or international trade policies;

•the extent of defaults and losses on the Company’s loan portfolio, which may require further increases in its allowance for credit losses;

•estimates of fair value of certain of the Company’s assets and liabilities, which could change in value significantly from period to period;

•the financial success and economic viability of the borrowers of our commercial loans;

•commercial real estate market conditions in the Chicago metropolitan area, southern Wisconsin and west Michigan;

•the extent of commercial and consumer delinquencies and declines in real estate values, which may require further increases in the Company’s allowance for credit losses;

•inaccurate assumptions in our analytical and forecasting models used to manage our loan portfolio;

•changes in the level and volatility of interest rates, the capital markets and other market indices that may affect, among other things, the Company’s liquidity and the value of its assets and liabilities;

•the interest rate environment, including a prolonged period of low interest rates or rising interest rates, either broadly or for some types of instruments, which may affect the Company’s net interest income and net interest margin, and which could materially adversely affect the Company’s profitability;

•competitive pressures in the financial services business which may affect the pricing of the Company’s loan and deposit products as well as its services (including wealth management services), which may result in loss of market share and reduced income from deposits, loans, advisory fees and income from other products;

•failure to identify and complete favorable acquisitions in the future or unexpected losses, difficulties or developments related to the Company’s recent or future acquisitions;

•unexpected difficulties and losses related to FDIC-assisted acquisitions;

•harm to the Company’s reputation;

•any negative perception of the Company’s financial strength;

•ability of the Company to raise additional capital on acceptable terms when needed;

•disruption in capital markets, which may lower fair values for the Company’s investment portfolio;

•ability of the Company to use technology to provide products and services that will satisfy customer demands and create efficiencies in operations and to manage risks associated therewith;

•failure or breaches of our security systems or infrastructure, or those of third parties;

•security breaches, including denial of service attacks, hacking, social engineering attacks, malware intrusion and similar events or data corruption attempts and identity theft;

•adverse effects on our information technology systems, or those of third parties, resulting from failures, human error or cyberattacks (including ransomware);

•adverse effects of failures by our vendors to provide agreed upon services in the manner and at the cost agreed, particularly our information technology vendors;

•increased costs as a result of protecting our customers from the impact of stolen debit card information;

•accuracy and completeness of information the Company receives about customers and counterparties to make credit decisions;

•ability of the Company to attract and retain senior management experienced in the banking and financial services industries;

•environmental liability risk associated with lending activities;

•the impact of any claims or legal actions to which the Company is subject, including any effect on our reputation;

•losses incurred in connection with repurchases and indemnification payments related to mortgages and increases in reserves associated therewith;

•the loss of customers as a result of technological changes allowing consumers to complete their financial transactions without the use of a bank;

•the soundness of other financial institutions and the impact of recent failures of financial institutions, including broader financial institution liquidity risk and concerns;

•the expenses and delayed returns inherent in opening new branches and de novo banks;

•liabilities, potential customer loss or reputational harm related to closings of existing branches;

•examinations and challenges by tax authorities, and any unanticipated impact of tax legislation;

•changes in accounting standards, rules and interpretations, and the impact on the Company’s financial statements;

•the ability of the Company to receive dividends from its subsidiaries;

•a decrease in the Company’s capital ratios, including as a result of declines in the value of its loan portfolios, or otherwise;

•legislative or regulatory changes, particularly changes in regulation of financial services companies and/or the products and services offered by financial services companies;

•changes in laws, regulations, rules, standards and contractual obligations regarding data privacy and cybersecurity;

•a lowering of our credit rating;

•changes in U.S. monetary policy and changes to the Federal Reserve’s balance sheet, including changes in response to persistent inflation or otherwise;

•regulatory restrictions upon our ability to market our products to consumers and limitations on our ability to profitably operate our mortgage business;

•increased costs of compliance, heightened regulatory capital requirements and other risks associated with changes in regulation and the regulatory environment;

•the impact of heightened capital requirements;

•increases in the Company’s FDIC insurance premiums, or the collection of special assessments by the FDIC;

•delinquencies or fraud with respect to the Company’s premium finance business;

•credit downgrades among commercial and life insurance providers that could negatively affect the value of collateral securing the Company’s premium finance loans;

•the Company’s ability to comply with covenants under its credit facility;

•fluctuations in the stock market, which may have an adverse impact on the Company’s wealth management business and brokerage operation; and

•widespread outages of operational, communication, or other systems, whether internal or provided by third parties, natural or other disasters (including acts of terrorism, armed hostilities and pandemics), and the effects of climate change.

Therefore, there can be no assurances that future actual results will correspond to these forward-looking statements. The reader is cautioned not to place undue reliance on any forward-looking statement made by the Company. Any such statement speaks only as of the date the statement was made or as of such date that may be referenced within the statement. The Company undertakes no obligation to update any forward-looking statement to reflect the impact of circumstances or events after the date of the press release. Persons are advised, however, to consult further disclosures management makes on related subjects in its reports filed with the Securities and Exchange Commission and in its press releases.

CONFERENCE CALL, WEBCAST AND REPLAY

The Company will hold a conference call on Tuesday, October 21, 2025 at 10:00 a.m. (CDT) regarding third quarter and year-to-date 2025 earnings results. Individuals interested in participating in the call by addressing questions to management should register for the call to receive the dial-in numbers and unique PIN at the Conference Call Link included within the Company’s press release dated September 19, 2025 available at the Investor Relations, Investor News and Events, Press Releases link on its website at https://www.wintrust.com. A separate simultaneous audio-only webcast link is included within the press release referenced above. Registration for and a replay of the audio-only webcast with an accompanying slide presentation will be available at https://www.wintrust.com, Investor Relations, Investor News and Events, Presentations & Conference Calls. The text of the third quarter and year-to-date 2025 earnings press release will also be available on the home page of the Company’s website at https://www.wintrust.com and at the Investor Relations, Investor News and Events, Press Releases link on its website.

EX-99.2 3 q3-2025earningsrelease.htm EX-99.2 q3-2025earningsrelease

Earnings Release Presentation Q3 2025 Wintrust Financial Corporation

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 facts, are premised on many factors and assumptions, and represent only management’s expectations, estimates and projections regarding future events. Similarly, these statements are not guarantees of future performance and involve certain risks and uncertainties that are difficult to predict, and which may include, but are not limited to, those listed below and the Risk Factors discussed under Item 1A of the Company’s 2024 Annual Report on Form 10-K and in any of the Company’s subsequent SEC filings. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and is including this statement for purposes of invoking these safe harbor provisions. Such forward-looking statements may be deemed to include, among other things, statements relating to the Company’s future financial performance, the performance of its loan portfolio, the expected amount of future credit reserves and charge-offs, delinquency trends, growth plans, regulatory developments, securities that the Company may offer from time to time,the Company’s business and growth strategies, including future acquisitions of banks, specialty finance or wealth management businesses, internal growth and plans to form additional de novo banks or branch offices, and management’s long-term performance goals, as well as statements relating to the anticipated effects on the Company's financial condition and results of operations from expected developments or events. Actual results could differ materially from those addressed in the forward- looking statements as a result of numerous factors, including the following: • economic conditions and events that affect the economy, housing prices, the job market and other factors that may adversely affect the Company’s liquidity and the performance of its loan portfolios, including an actual or threatened U.S. government shutdown, debt default or rating downgrade, particularly in the markets in which it operates; • negative effects suffered by us or our customers resulting from changes in U.S. or international trade policies; • the extent of defaults and losses on the Company’s loan portfolio, which may require further increases in its allowance for credit losses; • estimates of fair value of certain of the Company’s assets and liabilities, which could change in value significantly from period to period; • the financial success and economic viability of the borrowers of our commercial loans; • commercial real estate market conditions in the Chicago metropolitan area and southern Wisconsin; • the extent of commercial and consumer delinquencies and declines in real estate values, which may require further increases in the Company’s allowance for credit losses; • inaccurate assumptions in our analytical and forecasting models used to manage our loan portfolio; • changes in the level and volatility of interest rates, the capital markets and other market indices that may affect, among other things, the Company’s liquidity and the value of its assets and liabilities; • the interest rate environment, including a prolonged period of low interest rates or rising interest rates, either broadly or for some types of instruments, which may affect the Company’s net interest income and net interest margin, and which could materially adversely affect the Company’s profitability; • competitive pressures in the financial services business which may affect the pricing of the Company’s loan and deposit products as well as its services (including wealth management services), which may result in loss of market share and reduced income from deposits, loans, advisory fees and income from other products; • failure to identify and complete favorable acquisitions in the future or unexpected losses, difficulties or developments related to the Company’s recent or future acquisitions; • unexpected difficulties and losses related to FDIC-assisted acquisitions; • harm to the Company’s reputation; • any negative perception of the Company’s financial strength; • ability of the Company to raise additional capital on acceptable terms when needed; • disruption in capital markets, which may lower fair values for the Company’s investment portfolio; • ability of the Company to use technology to provide products and services that will satisfy customer demands and create efficiencies in operations and to manage risks associated therewith; • failure or breaches of our security systems or infrastructure, or those of third parties; • security breaches, including denial of service attacks, hacking, social engineering attacks, malware intrusion and similar events or data corruption attempts and identity theft; • adverse effects on our information technology systems, or those of third parties, resulting from failures, human error or cyberattacks (including ransomware); Forward Looking Statements Pending

33 • adverse effects of failures by our vendors to provide agreed upon services in the manner and at the cost agreed, particularly our information technology vendors; • increased costs as a result of protecting our customers from the impact of stolen debit card information; • accuracy and completeness of information the Company receives about customers and counterparties to make credit decisions; • ability of the Company to attract and retain senior management experienced in the banking and financial services industries; • environmental liability risk associated with lending activities; • the impact of any claims or legal actions to which the Company is subject, including any effect on our reputation; • losses incurred in connection with repurchases and indemnification payments related to mortgages and increases in reserves associated therewith; • the loss of customers as a result of technological changes allowing consumers to complete their financial transactions without the use of a bank; • the soundness of other financial institutions and the impact of recent failures of financial institutions, including broader financial institution liquidity risk and concerns; • the expenses and delayed returns inherent in opening new branches and de novo banks; • liabilities, potential customer loss or reputational harm related to closings of existing branches; • examinations and challenges by tax authorities, and any unanticipated impact of tax legislation; • changes in accounting standards, rules and interpretations, and the impact on the Company’s financial statements; • the ability of the Company to receive dividends from its subsidiaries; • the impact of the Company's transition from LIBOR to an alternative benchmark rate for current and future transactions; • a decrease in the Company’s capital ratios, including as a result of declines in the value of its loan portfolios, or otherwise; • legislative or regulatory changes, particularly changes in regulation of financial services companies and/or the products and services offered by financial services companies; • changes in laws, regulations, rules, standards and contractual obligations regarding data privacy and cybersecurity; • a lowering of our credit rating; • changes in U.S. monetary policy and changes to the Federal Reserve’s balance sheet, including changes in response to persistent inflation or otherwise; • regulatory restrictions upon our ability to market our products to consumers and limitations on our ability to profitably operate our mortgage business; • increased costs of compliance, heightened regulatory capital requirements and other risks associated with changes in regulation and the regulatory environment; • the impact of heightened capital requirements; • increases in the Company’s FDIC insurance premiums, or the collection of special assessments by the FDIC; • delinquencies or fraud with respect to the Company’s premium finance business; • credit downgrades among commercial and life insurance providers that could negatively affect the value of collateral securing the Company’s premium finance loans; • the Company’s ability to comply with covenants under its credit facility; • fluctuations in the stock market, which may have an adverse impact on the Company’s wealth management business and brokerage operation; and • widespread outages of operational, communication, or other systems, whether internal or provided by third parties, natural or other disasters (including acts of terrorism, armed hostilities and pandemics), and the effects of climate change could have an adverse effect on the Company’s financial condition and results of operations, lead to material disruption of the Company’s operations or the ability or willingness of clients to access the Company’s products and services. Therefore, there can be no assurances that future actual results will correspond to these forward-looking statements. The reader is cautioned not to place undue reliance on any forward- looking statement made by the Company. Any such statement speaks only as of the date the statement was made or as of such date that may be referenced within the statement. The Company undertakes no obligation to update any forward-looking statement to reflect the impact of circumstances or events after the date of the press release and this presentation. Persons are advised, however, to consult further disclosures management makes on related subjects in its reports filed with the Securities and Exchange Commission and in its press releases and presentations. Forward Looking Statements Pending

44 • Record net income of $600.8 million or $8.25 per diluted common share, for the first nine months of 2025, compared to net income of $509.7 million, or $7.67 per diluted common share for the same period of 2024 • Record September 2025 year-to-date net interest income of $1.6 billion was driven by strong earning asset growth. The Company's relative interest rate neutrality should allow the net interest margin to remain relatively stable in 2025 • Wintrust's tangible book value per common share (non-GAAP) increased to $85.39 as of September 30, 2025. Tangible book value per common share (non-GAAP) has increased every year since Wintrust became a public company in 1996 • Total loans increased by approximately $5.0 billion, or 11% compared to September 30, 2024, and was driven by strong organic growth across all of our product offerings Pre-Tax, Pre-Provision1 September 2025 Year-to-Date Highlights (Comparative to September 2024 Year-to-Date) Total DepositsTotal Assets Total Loans Net Income $69.6 billion +$5.8 billion or 9% $52.1 billion +$5.0 billion or 11% $56.7 billion +$5.3 billion or 10% $600.8 million +$91.1 million or 18% Update Format second box BV / TBV Net Interest Income Net Interest Margin $1.6 billion +$202.8 million or 14% (non-GAAP) $85.39 +$9.24 $884.1 million +$106.1 million or 14% Diluted EPS $8.25 +$0.58 or 8% Current EPS Prior EPS $ 2.78 2.78 $ — PPNI Prior PPNI $ 317.8 289.3 $28.49 28500000 317,809 289,322 3 Bps: Basis Points 4 See Non-GAAP reconciliation in the Appendix 5 NPLs: Non-Performing Loans Metric Sep 2025 YTD Sep 2024 YTD Difference % Change Net Income $ 600,820 $ 509,683 $ 91,137 18 % Pre-Tax, Pre- Provision 884,149 778,076 $ 106,073 14 % Diluted EPS $ 8.25 $ 7.67 $ 0.58 8 % Net Interest Income 1,640,178 1,437,387 $ 202,791 14 % NIM 3.51 % 3.52 % (0.0100) % 58 TBV 85.39 76.15 $ 9.24 12 % Total Assets 69,629,638 63,788,424 $ 5,841,214 9 % Rounding support Total Loans 52,063,482 47,067,447 $ 4,996,035 11 % $ 4,976,035 Total Deposits 56,711,381 51,404,966 $ 5,306,415 10 % September 2025 Year-to-Date Takeaways 1 Pre-tax income, excluding provision for credit losses (non-GAAP) – See non-GAAP reconciliation in the Appendix (GAAP) $98.87 +$8.81 (non-GAAP) 3.53% -1 bp (GAAP) 3.51% -1 bp NIM FY GAAP NIM PY GAAP Change 3.51% 3.52% -1.00 NIM FY Non- GAAP NIM PY Non- GAAP Change 3.53% 3.54% -1.00 BV FY BV PY Change $ 98.87 $ 90.06 $ 8.81 TBV TBV PY Change 85.39 76.15 9.24

55 • Record quarterly net income of $216.3 million • Q3 2025 net interest margin (non-GAAP) of 3.50% was four basis points lower than the prior quarter and within our targeted range. We expect to maintain a relatively stable net interest margin through the remainder of 2025 given the current market consensus outlook Q3 2025 Highlights (Comparative to Q2 2025) • Total loans increased by approximately $1.0 billion, or 8% annualized, and was driven primarily by growth across all loan categories • Total deposits increased by approximately $894.6 million, or 6% annualized, and was driven by our diversified product offerings Pre-Tax, Pre-Provision1 Diversified Balance Sheet Total DepositsTotal Assets Total Loans Net Income $69.6 billion +$646.3 million $52.1 billion +$1.0 billion $56.7 billion +$894.6 million $216.3 million +$20.7 million Strong Credit Quality • Non-performing loans totaled $163 million and comprised 0.31% of total loans at September 30, 2025, as compared to $189 million and 0.37% of total loans at June 30, 2025 • Allowance for credit losses on total core loans was 1.34% at September 30, 2025 • Net charge-offs of 19 basis points in the third quarter of 2025 Efficiency RatioReturn on Assets ROE / ROTCE 1.26% +7 bps (GAAP) 54.69% -223 bps $317.8 million +$28.5 million 1 Pre-tax income, excluding provision for credit losses (non-GAAP) – See non-GAAP reconciliation in the Appendix for all metrics denoted as non-GAAP 2 Q3 2025 Diluted EPS was impacted by one-time recognition of prior issuance costs related to the redeemed Preferred Stock Series D and Preferred Stock Series E as well as the excess dividend amount related to one-time extended first dividend period on Preferred Stock Series F. See Page 24 for further details. Diluted EPS2 $2.78 $0.00 Current EPS Prior EPS $ 2.78 2.78 $ — PPNI Prior PPNI $ 317.8 289.3 $28.49 28500000 317,809 289,322 Stable Margin Supports Earnings (non-GAAP) 54.47% -221 bps Efficiency Ratio (GAAP) Current Q Efficiency Ratio (GAAP) Prior Q Efficiency Ratio (Non- GAAP) Current Q Efficiency Ratio (Non- GAAP) Prior Q 54.69 % 56.92 % 54.47 % 56.68 % % Change File does not have calc for GAAP numbers (221) Check -223.00 -221.00 (GAAP) 11.58% -49 bps (non-GAAP) 13.74% -70 bps Current ROE Prior ROE Current ROTCE Prior ROTCE 11.58 % 12.07 % 13.74 % 14.44 % (49) -70 PENDING 2 Shares issued for the acquisition of Macatawa increased average dilutive shares by 3,118,000 shares

66 Diluted EPS Quarterly Trend Record Quarterly Pre-Tax Income, Excluding Provision for Credit Losses Record Quarterly Net Income $170.0 $185.4 $189.0 $195.5 $216.3 1.11% 1.16% 1.20% 1.19% 1.26% Net Income ROA Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 $2.47 $2.63 $2.69 $2.78 $2.78 Diluted EPS Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 $255.0 $270.1 $277.0 $289.3 $317.8 Pre-Tax Income, excluding Provision for Credit Losses (non-GAAP) Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 ($ in Millions) ($ in Millions) 1 See non-GAAP reconciliation in Appendix Q3 2025 Highlights Earnings Summary Differentiated, highly diversified and sustainable business model Manual Input - Highlights May Change QoQ • Record quarterly net income of $216.3 million supported by strong loan and deposit growth and a relatively stable net interest margin • Q3 2025 pre-tax income, excluding provision for credit losses (non- GAAP) totaled $317.8 million as compared to $289.3 million in the second quarter of 2025, a record for the Company 1The first quarter of 2024 includes FDIC special assessment of $5.2 million and net gain on sale of RBA of $19.3 million 1 1 1

77 32% 26% 16% 17% 8% 1% Commercial Commercial Real Estate PFR - Property and Casualty Insurance PFR - Life Insurance Residential Real Estate All Other Loans $51,042 $157 $327 $195 $252 $90 $52,063 6/30/2025 Commercial Commercial Real Estate Residential Real Estate PFR - Life Insurance All Other Loans 9/30/2025 $47.1 $51.0 $52.1 6.90% 6.48% 6.44% Total Loans Average Total Loan Yield 9/30/2024 6/30/2025 9/30/2025 Year-over-Year Change $5.6B or 11% in Total Loans Loan Portfolio Diversified loan portfolio Loan Growth Across All Major Loan Categories ($ in Millions) Diversified Loan Mix (as of 9/30/2025) Robust Organic Loan Growth in the Third Quarter ($ in Billions) • Loan growth during the third quarter totaled $1.0 billion, or 8% on an annualized basis • Strong loan growth driven primarily by growth across all loan categories • Year-over-year loan growth of $5.0 billion, or 11%, driven by robust organic growth Highlights

88 • Third quarter deposit growth totaling $0.9 billion or 6% annualized • Year-over-year deposit growth of $5.3 billion, or 10%, was supported by strong organic growth in our key markets • Non-interest bearing deposit balances have remained stable in recent quarters $55,817 $75 $714 $86 $(85) $104 $56,711 6/30/2025 Non-Interest- Bearing Money Market CDs NOW Other Interest- Bearing 9/30/2025 $51.4 $55.8 $56.7 3.72% 3.14% 3.15% Total Deposits Rate Paid on Average Total Interest-Bearing Deposits 9/30/2024 6/30/2025 9/30/2025 1 1Includes: Savings and deposit balances of the Company’s subsidiary banks from brokerage customers of Wintrust Investments, Chicago Deferred Exchange Company, LLC (“CDEC”), trust and asset management customers of the Company Deposit Portfolio Enviable core deposit franchise in Chicago, Milwaukee and Grand Rapids market areas Quarterly Growth Primarily Driven by Strong Growth in Money Market Products ($ in Millions) Strong Organic Deposit Growth in the Third Quarter ($ in Billions) Highlights 1 Manual Input - Highlights May Change QoQ

99 9.8% 9.9% 10.1% 10.0% 10.2% 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 Manual Input- Investment Duration comes from Scott Capital/Liquidity Current capital levels are well in excess of regulatory thresholds $5.3 $3.4 $0.1 Available-for-Sale Held-to-Maturity Other 1 Ratios for Q3 2025 are estimated 2 Q2 capital levels impacted by Preferred Stock Series D and E redeemed in Q3 9.8% 10.0% 10.2% 10.6% 11.5% 10.9% 12.2% 13.0% 12.4% 9.6% 10.2% 9.5% CET1 Ratio Tier 1 Capital Ratio Total Capital Ratio Tier 1 Leverage Ratio 9/30/2024 6/30/2025 9/30/2025 CET1 Ratio 1 Year-over-Year Growth in CET1Strong Q3 Capital Levels Strategically Balanced Investment Portfolio (as of 9/30/2025) ($ in Billions) • The Company's capital levels are well in excess of regulatory thresholds • Investment portfolio at 13% of total assets as of September 30, 2025 Q3 2025 Highlights 1 Total Investment Portfolio Yield (Q3 '25): 3.68% Duration: 5.9 Years $8.8 Manual Input - Highlights May Change QoQ Manual Input - CET1 calculation comes from Mark Expect Q4 2025 CET1 +10.0% Pending 2 22 Capital Ratios Decline Driven by Return of Prior Preferred Issuance in the Third Quarter

1010 $4.11 $5.50 $6.03 $6.19 $7.08 $9.03 $11.65 $14.84 $16.07 $17.28 $18.97 $19.02 $20.78 $23.22 $25.80$26.72 $29.28 $29.93 $32.45$33.17 $37.08 $41.68 $44.67 $49.70 $53.23 $59.64 $61.00 $70.33 $75.39 $85.39 Tangible Book Value Per Common Share (non-GAAP) 19 96 19 97 19 98 19 99 20 00 20 01 20 02 20 03 20 04 20 05 20 06 20 07 20 08 20 09 20 10 20 11 20 12 20 13 20 14 20 15 20 16 20 17 20 18 20 19 20 20 20 21 20 22 20 23 20 24 09 /30 /25 Tangible Book Value Per Common Share (non-GAAP) Wintrust has grown TBV Per Common Share every year since going public in 1996, and increased TBV Per Common Share to $85.39 as of September 30, 2025 1 1Q2 2024 is a Preliminary Number Manual Input - S&P File

1111 Total Shareholder Return Wintrust's commitment to growing shareholder value is exemplified by outperforming the KBW Nasdaq Regional Banking Total Return Index (KRXTR) Total Shareholder Return of WTFC Compared to KRXTR (1-Year) 100.00% 123.78% 110.75% WTFC KRXTR 09 /30 /24 09 /30 /25 80.00% 100.00% 120.00% 140.00% 160.00% Total Shareholder Return of WTFC Compared to KRXTR (3-Year) 100.00% 94.40% 136.98% 168.63% 82.35% 109.84% 121.65% WTFC KRXTR 09 /30 /22 09 /30 /23 09 /30 /24 09 /30 /25 50.00% 100.00% 150.00% 200.00% Total Shareholder Return of WTFC Compared to KRXTR (5-Year) 100.00% 203.62% 209.81% 198.40% 285.12% 349.56% 196.53% 182.09% 149.94% 200.01% 221.50% WTFC KRXTR 09 /30 /20 09 /30 /21 09 /30 /22 09 /30 /23 09 /30 /24 09 /30 /25 0.00% 100.00% 200.00% 300.00% 400.00% Total Shareholder Return of WTFC Compared to KRXTR (10-Year) 100.00% 104.87% 148.40% 162.04% 125.68% 81.66% 159.33% 163.97% 155.42% 220.42% 268.73% 109.24% 140.58% 145.75% 133.81% 89.98% 176.84% 163.84% 134.92% 179.97% 199.31% WTFC KRXTR 09 /30 /15 09 /30 /16 09 /30 /17 09 /30 /18 09 /30 /19 09 /30 /20 09 /30 /21 09 /30 /22 09 /30 /23 09 /30 /24 09 /30 /25 50.00% 100.00% 150.00% 200.00% 250.00% 300.00% Manual Input - S&P File *Data Source: S&P Capital IQ

1212 • We believe we are well-positioned for strong financial performance as we expect the combination of a stable net interest margin and balance sheet growth to result in continued net interest income growth through the remainder of 2025 • Our hedging program has reduced our interest rate sensitivity. As a result, we anticipate that the repricing of variable rate loans and cash is substantially offset by the impact of hedges and deposit rate changes • Well-positioned for strong financial performance as we continue our momentum into the remainder of the year and 2025 • Expect the combination of a stable net interest margin and balance sheet growth to result in continued net interest income growth over the next few quarters • Hedging program to protect both net interest margin and capital during the new lower rate fed cycle $5.65 $6.40 $5.65 $5.65 $5.40 $3.70 $4.45 $3.70 $3.70 $3.45 $1.75 $1.75 $1.75 $1.75 $1.75 $0.20 $0.20 $0.20 $0.20 $0.20 Received Fixed Swaps Costless Collars Interest Rate Floor 9/30/2025 12/31/2025 3/31/2026 6/30/2026 9/30/2026 $502.6 $525.1 $526.5 $546.7 $567.0 3.51% 3.51% 3.56% 3.54% 3.50% Net Interest Income NIM, fully taxable-equivalent (non-GAAP) 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 3.54% (0.03)% (0.01)% —% 3.50% NIM (non-GAAP) Q1 2024 Earning Asset Yield Interest-Bearing Liability Rate Net Free Funds NIM (non-GAAP) Q2 2024 Net Interest Margin/Income Net interest margin within guidance range; coupled with strong earning asset growth drove net interest income higher Derivatives Held by the Company as of September 30, 2025 that Hedge the Cash Flows of Variable Rate Loans1 2.9% 1.0% 1.8% 1.0% Static Ramp 6/30/2023 6/30/2024 Percentage Change in Net Interest Income Over a One-Year Time Horizon Rising Rates Scenario + 100 Basis Points (2.9)% 0.6% (0.9)% 0.9% Static Ramp 6/30/2023 6/30/2024 1 2 Percentage Change in Net Interest Income Over a One-Year Time Horizon Falling Rates Scenario - 100 Basis Points 1 Static Shock Scenario results incorporate actual cash flows and repricing characteristics for balance sheet instruments following an instantaneous, parallel change in market rates based upon a static (i.e. no growth or constant) balance sheet 2 Ramp Scenario results incorporate management’s projections of future volume and pricing of each of the product lines following a gradual, parallel change in market rates over twelve months Q1 '24 NII $546.7MM Q2 '24 NII $567.0MMNIM Linking Chart 9/30/2025 6/30/2025 Variance Total earning assets (7) 5.93 % 5.96 % (0.03) % Total interest-bearing liabilities 3.21 % 3.20 (0.01) % Net free funds/contribution (6)/ Net interest income/Net interest margin 0.78 % 0.78 0.00 NIM 3.50 % 3.54 Manual Input - Data Comes from Joel Pending Expect sustained NII growth and Stable NIM through 2025 Q3 2025 Record NII Boosted By Strong Organic Growth and Stable NIM Q3 2025 Highlights As of September 30, 2025 Collars Weighted Average Cap Rate: 3.70% Collars Weighted Average Floor Rate: 2.21% Receive Fixed Swaps Weighted Average Rate: 3.86% Interest Rate Floor Weighted Average Strike Rate: 2.50% 1 Balances shown represent the notional amount of cash flow hedging derivatives that are effective as of the dates presented. Reference the Appendix slide 25 for the complete derivative schedule. ($ in Billions) ($ in Millions) • Expect sustained NII growth and Stable NIM through 2025 Highlights Q3 2025

1313 Wealth Management Delivered Growth In Both AUA and Revenue $113.1 $113.5 $116.6 $124.1 $130.8 $37.2 $38.8 $34.0 $36.8 $37.2 $15.3 $15.3 $15.3 $15.2 $15.5 $16.4 $18.9 $19.4 $19.5 $19.8 $28.2 $20.0 $27.4 $29.4 $33.8 $16.0 $20.5 $20.5 $23.2 $24.5 Wealth Management Operating Lease Income, net Service Charges on Deposits Other ; incl. Call Option Income Mortgage Banking Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 $766.8 $660.3 $460.5 $681.5 $643.4 $527.4 $483.4 $348.5 $523.8 $505.8 $239.4 $176.9 $112.0 $157.7 $137.6 Retail Originations Veterans First Originations Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Mortgage Originations For Sale Reflect Current Market Conditions MSRs Effectively Hedged to Moderate Impact to Fair Value Non-Interest Income Increased Across Most Major Categories 1 Other - includes Interest Rate Swap Fees, BOLI, Administrative Services, FX Remeasurement Gains/(Losses), Early Pay-Offs of Capital Leases, Gains/(losses) on investment securities, net, Fees from covered call options, Trading gains/(losses), net and Miscellaneous 1 $37.2 $38.8 $34.0 $36.8 $37.2 $51.1 $51.2 $51.1 $53.2 $55.1 Total Wealth Management Revenue Assets Under Administration ($ in billions) Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 ($ in Millions) ($ in Millions) % of MSRs to Loans Serviced for Others Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 1.52% 1.64% 1.58% 1.55% 1.52% $186.3 $203.8 $196.3 $193.1 $190.9 $12,253 $12,401 $12,402 $12,471 $12,524 MSRs, at fair value Loans Serviced for Others Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 ($ in Millions) ($ in Millions) Non-Interest Income Diversified fee businesses supported non-interest income levels despite challenging mortgage environment Manual Input - Data Comes from Mortgage Team Pending

1414 58.58% 57.18% 56.95% 56.68% 54.47% Efficiency Ratio (non-GAAP) Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 $211.3 $212.1 $211.5 $219.5 $219.7 $119.0 $121.0 $123.9 $123.2 $124.6 $57.6 $54.8 $52.5 $55.9 $56.2 $34.7 $36.3 $35.1 $40.5 $38.8 Salaries Commissions and Incentive Compensation Benefits Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 $36.6 $45.1 $50.1 $52.9 $56.3 $64.9 $69.6 2.79% 2.51% 2.42% 2.33% 2.45% 2.36% 2.28% Total Assets Non-Interest Expense as a % of Average Assets FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 YTD 2025 Efficiency Ratio Decreased as Income Outpaced Expense Growth Q1 2024 Non-Interest Expense Advertising and Marketing FDIC Special Assessment Salaries and Benefits Occupancy Expense All Other Expenses Q2 2024 Non-Interest Expense Non-Interest Expense We continue to manage our expenses and believe they are in line with Company growth ($ in Millions) Strong Asset Growth Coupled With Prudent Expense Management ($ in Billions) 1 Q1 2024 Includes FDIC Special Assessment of $5.2 million and Net Gain on Sale of RBA of $19.3 million 1 Total Salaries and Benefits Salaries and Benefits Remained Relatively Flat Total Salaries and Benefits Expense Relatively Stable Quarter over Quarter as Q1 2025 Impacted

1515 $457.5 $(7.5) $(32.9) $37.5 $454.6 6/30/2025 Portfolio Changes Baseline Economic Factors Macroeconomic Uncertainty Factors 9/30/2025 $26.7 $15.9 $12.6 $13.3 $24.6$22.3 $17.0 $24.0 $22.2 $21.8 0.23% 0.13% 0.11% 0.11% 0.19% NCOs Provision for Credit Losses Annualized NCOs as a % of Average Total Loans Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 $179.7 $170.8 $172.4 $188.8 $162.6 $125.4 $119.6 $121.5 $143.7 $125.1 $54.3 $51.2 $50.9 $45.1 $37.5 0.38% 0.36% 0.35% 0.37% 0.31% NPLs as a % of Total Loans PFR - Life and Commercial NPLs Commercial, CRE and Other NPLs 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 $(33) $(15) $(42) $(41) $2 (0.01)% 0.00% (0.01)% (0.01)% 0.00% NCOs Annualized NCOs as a % of Average Total Loans Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 $49,535 $50,610 Q2 2025 Q3 2025 $844 $863 Q2 2025 Q3 2025 $663 $590 Q2 2025 Q3 2025 Pass and Loans Guaranteed1 Special Mention Substandard2 1Pass and Loans Guaranteed: Includes early buy-out loans guaranteed by U.S. government agencies 2Substandard: Substandard includes Substandard Accrual and Substandard Nonaccrual/Doubtful 97% 97% 2% 2% 1% 1% Credit Quality Diversified business lines and strong credit management support stable credit quality Low and Consistent Levels of Non-Performing Loans ($ in Millions) ($ in Millions) Special Mention and Substandard Percentages Remained Stable Quarter over Quarter $26.7 $15.9 $12.6 $13.3 $24.6 $22.3 $17.0 $24.0 $22.2 $21.8 0.23% 0.13% 0.11% 0.11% 0.19% NCOs Total Provision for Credit Losses Annualized NCOs as a % of Average Total Loans Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 ($ in Millions) $75 $72 $1 $1 $1 0.01% 0.01% 0.00% 0.00% 0.00% NPLs Annualized NPLs as a % of Average Total Loans Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 $15.5 Day 1 Macatawa Provision for Credit Losses $6.8 Stable Allowance For Credit Losses Quarter over Quarter ($ in Millions) 3Portfolio Changes: Includes new volume and run- off, changes in credit quality, aging of existing portfolio, shifts in segmentation mix and changes in net charge-offs 3 Manual Input - All Data comes from Mike Reiser Manual Input - All Data comes from Mike Reiser $15.5 Provision Remained Relatively Stable

1616 0.25% 0.40% 0.45% 0.41% 0.46% 0.48% 0.34% 0.51% 0.29% 0.34% 0.39% 0.81% 1.58% 1.74% 1.52% 1.30% 1.03% 0.85% 0.62% 0.56% 0.50% 0.47% 0.44% 0.36% 0.32% 0.16% 0.21% 0.27% 0.30% 0.27% NPA/TA 19 96 19 97 19 98 19 99 20 00 20 01 20 02 20 03 20 04 20 05 20 06 20 07 20 08 20 09 20 10 20 11 20 12 20 13 20 14 20 15 20 16 20 17 20 18 20 19 20 20 20 21 20 22 20 23 20 24 09 /30 /25 1Q2 2024 is a Preliminary Number Non-Performing Assets to Total Assets NPAs continue to remain historically low Historical Data are manual input from S&P File. Current quarter is linked

1717 • Relatively flat allowance for credit losses • Coverage across all portfolios remains steady to protect against downside risks in an uncertain macroeconomic environment • Increase in allowance driven by net loan growth across most segments coupled with changes in credit quality within specific products of the portfolio • Strong coverage across all portfolios designed to protect against potential future economic downturn $48.7 $51.0 $52.1 0.92% 0.90% 0.87% Total Loan Period End Balance Allowance as a % of Total Loans 3/31/2025 6/30/2025 9/30/2025 $29.1 $29.9 $30.6 1.37% 1.37% 1.34% Core Loan Period End Balance Allowance as a % of Category 3/31/2025 6/30/2025 9/30/2025 $19.6 $21.1 $21.5 0.26% 0.22% 0.21% Niche Loan Period End Balance Allowance as a % of Category 3/31/2025 6/30/2025 9/30/2025 Credit Quality - Allowance for Credit Losses The Company remains well-reserved Consistently Well-Reserved Across Our Core1 Loan PortfolioAppropriate Allowance Coverage on Total Loan Portfolio ($ in Billions) ($ in Billions) Allowance Provides Appropriate Coverage Due To Minimal Historic Losses in Niche1 Portfolio ($ in Billions) Q3 2025 Highlights Manual Input - All Data comes from Mike Reiser 1Niche Loans consists of: Franchise, Mortgage warehouse lines of credit, Community Advantage - homeowners association, Insurance agency lending, Premium Finance receivables, and Consumer and other. All other loans are considered Core. 1 1

1818 $171.6 $175.8 $201.2 $194.6 $189.5 1.13% 1.13% 1.26% 1.19% 1.15% Calculated Allowance Allowance as a % of Category 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 $63.8 $73.6 $70.6 $80.9 $66.6 0.42% 0.47% 0.44% 0.49% 0.40% NPLs NPL as a % of Category 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 $15,248 $15,575 $15,931 $16,387 $16,544 0.61% 0.11% 0.23% 0.11% 0.49% Period End Balance Net Charge-Off Ratio (Annualized) 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 43% 10%5% 17% 8% 7% 3% 7% Commercial and industrial Asset-based lending Municipal Leases Franchise Mortgage warehouse lines of credit Community Advantage - HOA Insurance agency lending Credit Quality - Commercial Loans Diversified portfolio with low net charge-offs Low Levels of Non-Performing Commercial LoansStrong Loan Growth Coupled with Proactive Credit Management ($ in Millions) ($ in Millions) Allowance Provides Appropriate Coverage Commercial Loan Composition (as of 9/30/2025) ($ in Millions)

1919 $12,793 $12,904 $12,915 $13,292 $13,619 0.00% 0.03% 0.01% 0.17% 0.00% Period End Balance Net Charge-Off Ratio (Annualized) 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 $42.3 $21.0 $26.2 $32.8 $28.2 0.33% 0.16% 0.20% 0.25% 0.21% NPLs NPL as a % of Category 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 215.7 215.7 210.0 224.4 230.5 1.69% 1.67% 1.63% 1.69% 1.69% Calculated Allowance Allowance as a % of Category 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12% 22% 11% 24% 12% 17% 2% Office Industrial Retail Multi-family Mixed use and other Commercial and Residential construction Land Credit Quality - Commercial Real Estate Loans Well-diversified portfolio with a majority of its exposure in stabilized, income producing properties Continued Low Levels of NPLs in Q3 2025 Strong Growth in Portfolio With Low Levels of Net Charge-offs ($ in Millions) ($ in Millions) Ample Allowance Levels to Protect Against Potential Future Market Pressure Commercial Real Estate Loan Composition (as of 9/30/2025) ($ in Millions)

2020 Chicago CBD, 10% Other CBD, 11% Suburban, 79% $378.9 $300.8 $260.8 $228.1 $250.1 $159.5$148.0 $145.0 $182.4 $125.1 $167.4 $66.1 Total CRE Office Non-Medical Non Owner-Occupied <$2M $2M-$5M $5M-$10M $10M-$15M $15M-$20M >=$20M Medical Non Owner- Occupied, 29% Medical Owner Occupied, 2% Non-Medical Owner- Occupied, 16% Non-Medical Non Owner-Occupied, 53% 1Chicago CBD includes the following zip codes: 60601, 60602, 60603, 60604, 60605, 60606, 60607, 60610, 60611, 60654, 60661 2Other CBD includes the following metropolitan areas: Milwaukee, Boulder, Orlando, Saint Paul, Columbus, Akron, Cincinnati, San Antonio 1 2 $1,238.5 $176.4$163.3 $834.0 $246.7 $466.9 278911 93 46 36 25 19 11 15 10 6 3 Number of Loans Per Category CRE Office Portfolio (as of 9/30/2025) CRE office represents a minimal percentage of the total loan portfolio CRE Office Portfolio Geography ($ in Millions) CRE Office Portfolio Composition Granularity of CRE Office Portfolio by Loan Size ($ in Millions) ($ in Millions) <$2M $2M-$5M $5M-$10M $10M-$15M $15M-$20M >=$20M # of Loans CRE 911 93 36 19 15 6 Non Med 278 46 25 11 10 3 Portfolio Characteristics As of 6/30/2025 As of 9/30/2025 Balance ($ in Millions) $1,601 $1,578 CRE office as a % to Total CRE 12.05% 11.59% CRE office as a % to Total Loans 3.14% 3.03% Average Size of Loan ($ in Millions) $1.5 $1.5 Non-Performing Loan (NPL) Ratio 1.19% 1.19% Loans Still Accruing that are 30-89 Days Past Due Ratio 1.77% 1.00% Owner Occupied or Medical % 48% 47% $30.6 Manual Input - Data Comes from Mario's Team Medical $ 466.9 Medical Owner Occupied $ 30.6 Non-Medical Owner-Occupied $ 246.7 Non-Medical Non Owner- Occupied $ 834.0 Chicago CBD $ 163.3 Other CBD $ 176.4 Suburban $ 1,238.5 Total $ 1,578.2 PENDING

2121 Manual Input - Data comes from Dominic Sarro $0.0 $6.4 $3.0 $0.3 $0.0 0.00% 0.08% 0.04% 0.00% 0.00% NPLs NPL as a % of Category 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 $8,707 $2,054 Cash Surrender Value Other $7,997 $8,147 $8,365 $8,507 $8,759 0.00% 0.00% 0.00% 0.00% 0.00% Period End Balance Net Charge-Off Ratio (Annualized) 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 1 Loan Collateral reported at actual values versus credit advance rate 2 Collateral Coverage is calculated by dividing Total Loan Collateral (Undiscounted) by Total Loan Portfolio Balance 4% 72% 7% 17% Annuity Brokerage Account Certificate of Deposit Letters of Credit OtherCollateral Coverage2 of 123% Credit Quality Premium Finance Receivables - Life Insurance Life insurance portfolio remains steady and has continued to demonstrate exceptional credit quality Non-Performing Loans Remain LowStrong Growth with Pristine Credit Quality ($ in Millions) ($ in Millions) Total Loan Collateral1 by Type (as of 9/30/2025) "Other" Loan Collateral1 by Type (as of 9/30/2025) ($ in Millions) Pending

2222 Consistently Low Levels of Non-Performing LoansContinued Loan Growth After Seasonally High Q2 $7,132 $7,272 $7,240 $8,323 $8,366 0.24% 0.59% 0.20% 0.16% 0.20% Period End Balance Net Charge-Off Ratio (Annualized) 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 $4,499 $4,565 $4,392 $5,586 $5,084 Originations Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 $54.3 $44.8 $47.9 $44.8 $37.5 0.76% 0.62% 0.66% 0.54% 0.45% NPLs NPL as a % of Category 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 $4,101 $2,846 $1,208 $211 Current Premium Finance Receivables - Property and Casualty Insurance Loan Balances Projected to Mature Based on Modeled Contractual Cash Flows ≤ 3 Months 4-6 Months 7-9 Months > 9 months Premium Finance Receivables - Property and Casualty Insurance ($ in Millions) ($ in Millions) Projected Repayments Strong Origination Volume Despite Seasonality of Portfolio ($ in Millions) ($ in Millions) Manual Input - Data comes from Mark B Manual Input - Data comes from Thanos Polyzois and Matt for Canada Pending Pending 1 16/30/2024 Balances are net of approximately $698MM loan sale

2323 Appendix

2424 • Per accounting rules, prior issuance costs from Preferred Stock Series D and Preferred Stock Series E were reclassified, upon redemption, from capital surplus and recognized through retained earnings. These amounts do not impact operating net income but were considered as a reduction to net income available to common shareholders and impacted earnings per share calculations. • The one-time impact of prior issuance costs was $0.21 per diluted common share, and the impact of excess dividend on Series F was $0.07 per diluted common share. Wintrust Preferred Stock Offering and Redemption Preferred Series Impact on Diluted EPS One-Time Q3 Impact on Diluted EPS ($ in '000) Q2 2025 Q3 2025 Q4 2025 Preferred Stock Series D + E Quarterly Dividend $(6,991) $— $— Preferred Stock Series F First Dividend1 — (13,295) — Preferred Stock Series F Regular Quarterly Dividend2 — — (8,367) Preferred Stock Series D Issuance Costs (non-recurring) — (4,158) — Preferred Stock Series E Issuance Costs (non-recurring) — (9,888) — Total Impact $(6,991) $(27,341) $(8,367) Average diluted common shares ('000s)3 67,819 67,980 67,980 Diluted EPS Impact $(0.10) $(0.40) $(0.12) ($ in Millions) PENDING 1 Preferred Stock Series F First Dividend covers the time period May 22, 2025 to October 15, 2025 2 Preferred Stock Series F Quarterly Dividend amount, if declared by the Board of Directors 3 Average diluted common shares held constant in Q4 2025 for illustrative purposes Pending

2525 Hedging activities had a five basis point unfavorable impact to our Q3 2025 NIM as compared to a six basis point unfavorable impact to our Q2 2025 NIM. These derivatives moderate our interest rate sensitivity and serve the purpose of stabilizing net interest income performance across various interest rate scenarios. Hedge Type Effective Date Notional Maturity Date Cap Rate Floor Rate Swap Rate Costless Collar 9/1/2022 $1.25B 9/1/2027 3.45% 2.00% N/A Costless Collar 10/1/2022 $0.5B 10/1/2026 4.32% 2.75% N/A Receive Fixed Swap 1/31/2023 $0.5B 12/31/2025 N/A N/A 3.75% Receive Fixed Swap 1/31/2023 $0.5B 12/31/2026 N/A N/A 3.51% Receive Fixed Swap 2/1/2023 $0.25B 2/1/2026 N/A N/A 3.68% Receive Fixed Swap 2/1/2023 $0.25B 2/1/2027 N/A N/A 3.45% Receive Fixed Swap 3/1/2023 $0.25B 3/1/2026 N/A N/A 3.92% Receive Fixed Swap 3/1/2023 $0.25B 3/1/2028 N/A N/A 3.53% Receive Fixed Swap 3/1/2023 $0.25B 3/1/2026 N/A N/A 4.18% Receive Fixed Swap 3/1/2023 $0.25B 3/1/2028 N/A N/A 3.75% Receive Fixed Swap 4/1/2023 $0.25B 7/1/2026 N/A N/A 4.45% Receive Fixed Swap 4/1/2023 $0.25B 7/1/2027 N/A N/A 4.15% Receive Fixed Swap 10/1/2024 $0.35B 10/1/2029 N/A N/A 3.99% Receive Fixed Swap 11/1/2024 $0.35B 11/1/2029 N/A N/A 4.25% Interest Rate Floor 9/15/2025 $0.20B 9/15/2028 N/A 2.50% N/A Receive Fixed Swap 11/1/2025 $0.25B 11/1/2029 N/A N/A 3.30% Receive Fixed Swap 11/1/2025 $0.25B 11/1/2030 N/A N/A 3.55% Receive Fixed Swap 11/1/2025 $0.25B 11/1/2030 N/A N/A 3.82% Receive Fixed Swap 2/1/2026 $0.25B 2/1/2031 N/A N/A 3.95% Receive Fixed Swap 2/1/2026 $0.25B 2/1/2031 N/A N/A 4.25% Receive Fixed Swap 10/1/2026 $0.20B 10/1/2031 N/A N/A 3.38% Below are the details of the derivatives entered by the Company as of September 30, 2025. These derivatives hedge the cash flows of variable rate loans that reprice monthly based on one-month term SOFR. Hedging Strategy Update Use of Hedges to Mitigate Negative Impacts of Falling Rates Manual Input - To Confirm with Joel

2626 1Geographic Diversification: primary business location utilized to estimate geographic diversification, which can mean the following locations types were used: collateral location, customer business location, customer home address and customer billing address States/Jurisdictions that individually comprise 1% or less of the Total Loan Portfolio shaded light blue Loan Portfolio Highly diversified portfolio across U.S Loan Portfolio - Geographic Diversification1 (as of 9/30/2025) 31% 8% 6% 6% 4% 4% 3% 2% 2% 2% 2% 2%Canada: Total Loan Portfolio Primary Geographic Region Commercial: Commercial, industrial and other Midwest Leasing Nationwide Franchise Lending Nationwide Commercial real estate Construction and development Midwest Non-construction Midwest Home equity Midwest Residential Real Estate Midwest Premium finance receivables Commercial insurance loans Nationwide and Canada Life insurance loans Nationwide Consumer and other Midwest 2% 1.4% 1.5% 4% 2% Pending 2%

2727 Illinois Market1 (Sorted by 2025 Market Share Data) 2025 2024 2023 JPMorgan Chase 20.1% 20.1% 22.5% BMO Bank 18.3% 18.9% 17.1% Wintrust Financial Corporation 8.6% 8.0% 7.6% Bank of America 7.9% 8.3% 9.2% CIBC Bank USA 7.7% 7.3% 6.8% The Northern Trust Company 6.4% 6.0% 4.9% Fifth Third Bank 4.3% 4.8% 4.8% PNC Bank 3.3% 3.2% 3.1% Old National Bank 2.8% 2.5% 2.5% U.S. Bank 2.5% 2.5% 2.7% Data Source: Federal Deposit Insurance Corporation as of June 30th of each year Deposit Market Share in the Markets We Serve Wisconsin Market3 (Sorted by 2025 Market Share Data) 2025 2024 2023 U.S. Bank 25.2% 24.0% 27.5% BMO Harris Bank 13.1% 14.7% 13.8% Associated Bank 10.0% 9.9% 9.3% JPMorgan Chase 9.6% 9.7% 10.1% Johnson Bank 4.1% 4.0% 3.9% Wintrust Financial Corporation 3.5% 3.4% 2.9% First Business Bank 2.7% 2.4% 2.0% Old National Bank 2.4% 2.3% 2.0% Lake Ridge Bank 2.2% 2.2% 1.9% Wells Fargo 2.0% 2.3% 2.3% Michigan Market2 (Sorted by 2025 Market Share Data) 2025 2024 2023 Huntington 18.3% 19.5% 19.6% Fifth Third Bank 17.2% 19.6% 19.5% Northpointe Bank 14.2% 11.1% 10.4% Wintrust Financial Corporation 9.3% 7.8% 8.0% JPMorgan Chase 9.0% 9.9% 10.2% Mercantile Bank 6.7% 6.3% 6.1% PNC Bank 3.0% 3.1% 3.8% West Michigan Community Bank 2.9% 2.9% 2.7% Independent Bank 2.9% 3.0% 3.2% ChoiceOne Bank 2.7% 2.6% 2.6% *Map Source: S&P Capital IQ 1Illinois market is defined by Cook, DuPage, Kane, Lake, McHenry, Will, and Winnebago counties 2Michigan market is defined by Allegan, Kent, and Ottawa counties 3Wisconsin market is defined by Dane, Kenosha, Milwaukee, Ozaukee, Racine, Rock, Walworth, and Waukesha counties 4Indiana market is defined by Lake county Data Source: Federal Deposit Insurance Corporation as of June 30th of each year Wintrust Midwest Branch Locations 1.43% 1.43% 2025 4

2828 Selected Wintrust Awards Q3 2025 - Wintrust Awards Year-to-Date Wintrust continues to be recognized for its Different Approach to banking. J.D. Power ranked Wintrust Community Banks #1 in Illinois for Retail banking Customer Satisfaction • Scored highest by customers as Most trusted Retail Bank in Illinois for four straight years • Customers also rated Wintrust Community Banks #1 for convenience, value, and account offerings 14 Coalition Greenwich Best Bank Awards for Middle Market • 10th consecutive year of recognition • Wintrust also received the Best Bank - Overall Satisfaction Award in National and Regional markets • These awards demonstrate Wintrust's strong client relationships and commitment to excellence For J.D. Power 2025 award information, visit jdpower.com/awards American Banker for 2025 Top Banks by Reputation • Ranked 6th as Wintrust enters the 2025 ranking for the first time with a score of 82.9, reflecting its growing regional presence

2929 Abbreviation Definition BOLI Bank Owned Life Insurance BP Basis Point BV Book Value per Common Share CBD Central Business District CET1 Ratio Common Equity Tier 1 Capital Ratio CRE Commercial Real Estate Diluted EPS Net Income per Common Share - Diluted FDIC Federal Deposit Insurance Corporation GAAP Generally Accepted Accounting Principles HOA Homeowners Association Interest Bearing Cash Total Interest-Bearing Deposits with Banks, Securities Purchased under Resale Agreements and Cash Equivalents MSA Metropolitan Statistical Area MSR Mortgage Servicing Right NCO Net Charge Off NII Net Interest Income NIM Net Interest Margin Non-GAAP For non-GAAP metrics, see the reconciliation in the Appendix NPA Non-Performing Asset NPL Non-Performing Loan PFR Premium Finance Receivables PTPP Pre-Tax, Pre-Provision Income RBA Retirement Benefits Advisors ROA Return on Assets ROE Return on Average Common Equity ROTCE Return on Average Tangible Common Equity RWA Risk-Weighted Asset SOFR Secured Overnight Financing Rate TA Total Assets TBV Tangible Book Value TBVPCS Tangible Book Value Per Common Share Glossary

3030 Three Months Ended Nine Months Ended Reconciliation of non-GAAP Net Interest Margin and Efficiency Ratio ($ in Thousands): September 30, June 30, March 31, December 31, September 30, September 30, September 30, 2025 2025 2025 2024 2024 2025 2024 (A) Interest Income (GAAP) $963,834 $920,908 $886,965 $913,501 $908,604 $ 2,771,707 $ 2,564,096 Taxable-equivalent adjustment: - Loans 2,154 2,200 2,206 2,352 2,474 6,560 7,025 - Liquidity Management Assets 675 680 690 716 668 2,045 1,785 - Other Earning Assets — — 3 2 2 3 10 (B) Interest Income (non-GAAP) $966,663 $923,788 $889,864 $916,571 $911,748 $2,780,315 $2,572,916 (C) Interest Expense (GAAP) $396,824 $374,214 $360,491 $388,353 $406,021 $1,131,529 $1,126,709 (D) Net Interest Income (GAAP) (A minus C) $567,010 $546,694 $526,474 $525,148 $502,583 $1,640,178 $1,437,387 (E) Net Interest Income (non-GAAP) (B minus C) $569,839 $549,574 $529,373 $528,218 $505,727 $1,648,786 $1,446,207 Net interest margin (GAAP) 3.48 % 3.52 % 3.54 % 3.49 % 3.49 % 3.51 % 3.52 % Net interest margin, fully taxable-equivalent (non-GAAP) 3.50 % 3.54 % 3.56 % 3.51 % 3.51 % 3.53 % 3.54 % (F) Non-interest income $130,827 $124,089 $116,634 $113,451 $113,147 $371,550 $374,874 (G) Gains (losses) on investment securities, net 2,972 650 3,196 (2,835) 3,189 6,818 233 (H) Non-interest expense 380,028 381,461 366,090 368,539 360,687 1,127,579 1,034,185 Efficiency ratio (H/(D+F-G)) 54.69 % 56.92 % 57.21 % 57.46 % 58.88 % 56.24 % 57.07 % Efficiency ratio (non-GAAP) (H/(E+F-G)) 54.47 % 56.68 % 56.95 % 57.18 % 58.58 % 56.00 % 56.80 % The accounting and reporting policies of Wintrust conform to generally accepted accounting principles (“GAAP”) in the United States and prevailing practices in the banking industry. However, certain non- GAAP performance measures and ratios are used by management to evaluate and measure the Company’s performance. Management believes that these measures and ratios provide users of the Company’s financial information a more meaningful view of the performance of the Company's interest-earning assets and interest-bearing liabilities and of the Company’s operating efficiency. Other financial holding companies may define or calculate these measures and ratios differently. Reconciliation of non-GAAP Pre-Tax, Pre-Provision Income ($ in Thousands): Income before taxes $296,041 $267,088 $253,055 $253,081 $232,709 $816,184 $694,008 Add: Provision for credit losses 21,768 22,234 23,963 16,979 22,334 $67,965 $84,068 Pre-tax income, excluding provision for credit losses (non-GAAP) $317,809 $289,322 $277,018 $270,060 $255,043 $884,149 $778,076 Non-GAAP Reconciliation

3131 Reconciliation of Non-GAAP Pre-Tax, Pre-Provision Income ($ in Thousands): Income before taxes $ 296,041 $ 267,088 $ 253,055 $ 253,081 $ 232,709 $ 816,184 $ 694,008 Add: Provision for credit losses 21,768 22,234 23,963 16,979 22,334 67,965 84,068 Pre-tax income, excluding provision for credit losses (non-GAAP) $ 317,809 $ 289,322 $ 277,018 $ 270,060 $ 255,043 $ 884,149 $ 778,076 Three Months Ended Nine Months Ended Reconciliation of non-GAAP Return on Average Tangible Common Equity ($ in Thousands): September 30, June 30, March 31, December 31, September 30, September 30, September 30, 2025 2025 2025 2024 2024 2025 2024 (N) Net income applicable to common shares $188,913 $188,536 $182,048 $178,371 $163,010 $559,497 $488,710 Add: Intangible asset amortization 5,196 5,580 5,618 5,773 4,042 16,394 6,322 Less: Tax effect of intangible asset amortization (1,403) (1,495) (1,421) (1,547) (1,087) (4,328) (1,682) After-tax intangible asset amortization $ 3,793 $ 4,085 $ 4,197 $ 4,226 $ 2,955 $ 12,066 $ 4,640 (O) Tangible net income applicable to common shares (non-GAAP) $192,706 $192,621 $186,245 $182,597 $165,965 571,563 493,350 Total average shareholders’ equity $6,955,543 $6,862,040 $6,460,941 $6,418,403 $5,990,429 $6,761,319 $5,628,346 Less: Average preferred stock (483,288) (599,313) (412,500) (412,500) (412,500) (498,626) $(412,500) (P) Total average common shareholders’ equity $6,472,255 $6,262,727 $6,048,441 $6,005,903 $5,577,929 $6,262,693 $ 5,215,846 Less: Average intangible assets (906,032) (910,924) (916,069) (921,438) (833,574) (910,972) $ (730,216) (Q) Total average tangible common shareholders’ equity (non-GAAP) $5,566,223 $5,351,803 $5,132,372 $5,084,465 $4,744,355 $ 5,351,721 $ 4,485,630 Return on average common equity, annualized (N/P) 11.58 % 12.07 % 12.21 % 11.82 % 11.63 % 11.94 % 12.52 % Return on average tangible common equity, annualized (non-GAAP) (O/Q) 13.74 14.44 14.72 14.29 13.92 14.28 14.69 The accounting and reporting policies of Wintrust conform to generally accepted accounting principles (“GAAP”) in the United States and prevailing practices in the banking industry. However, certain non- GAAP performance measures and ratios are used by management to evaluate and measure the Company’s performance. Management believes that these measures and ratios provide users of the Company’s financial information a more meaningful view of the performance of the Company's interest-earning assets and interest-bearing liabilities and of the Company’s operating efficiency. Other financial holding companies may define or calculate these measures and ratios differently. Non-GAAP Reconciliation

3232 Three Months Ended Reconciliation of non-GAAP Tangible Common Equity ($'s and Shares in Thousands): September 30, June 30, March 31, December 31, September 30, 2025 2025 2025 2024 2024 Total shareholders’ equity (GAAP) $7,045,757 $7,225,696 $6,600,537 $6,344,297 $6,399,714 Less: Non-convertible preferred stock (GAAP) (425,000) (837,500) (412,500) (412,500) (412,500) Less: Acquisition-related intangible assets (GAAP) (902,936) (908,639) (913,004) (918,632) (924,646) (I) Total tangible common shareholders’ equity (non-GAAP) $5,717,821 $5,479,557 $5,275,033 $5,013,165 $5,062,568 (J) Total assets (GAAP) 69,629,638 68,983,318 65,870,066 64,879,668 63,788,424 Less: Intangible assets (GAAP) (902,936) (908,639) (913,004) (918,632) (924,646) (K) Total tangible assets (non-GAAP) $68,726,702 $68,074,679 $64,957,062 $63,961,036 $62,863,778 Common equity to assets ratio (GAAP) (L/J) 9.5 % 9.3 % 9.4 % 9.1 % 9.4 % Tangible common equity ratio (non-GAAP) (I/K) 8.3 % 8.0 % 8.1 % 7.8 % 8.1 % Reconciliation of non-GAAP Tangible Book Value per Common Share ($'s and Shares in Thousands): Total shareholders’ equity $7,045,757 $7,225,696 $6,600,537 $6,344,297 $6,399,714 Less: Preferred stock (425,000) (837,500) (412,500) (412,500) (412,500) (L) Total common equity $6,620,757 $6,388,196 $6,188,037 $5,931,797 $5,987,214 (M) Actual common shares outstanding 66,961 66,938 66,919 66,495 66,482 Book value per common share (L/M) $98.87 $95.43 $92.47 $89.21 $90.06 Tangible book value per common share (non-GAAP) (I/M) $85.39 $81.86 $78.83 $75.39 $76.15 Reconciliation of Non-GAAP Return on Average Tangible Common Equity: ($'s and Shares in Thousands): September 30, June 30, March 31, December 31, September 30, 2025 2025 2025 2024 2024 (N) Net income applicable to common shares $ 173,207 $ 137,826 $ 1,492 $ 1,579 $ 120,400 Add: Acquisition-related intangible asset amortization 1,235 1,436 $ (425) $ (445) 1,609 Less: Tax effect of acquisition-related intangible asset amortization (321) (370) 1067000 1,134 (430) After-tax Acquisition-related intangible asset amortization $ 914 $ 1,066 137,037 88,656 $ 1,179 (O) Tangible net income applicable to common shares (non-GAAP) $ 174,121 $ 138,892 $ 4,795,387 $ 4,526,110 $ 121,579 Total average shareholders’ equity $ 4,895,271 $ 4,710,856 $ (412,500) $ (412,500) $ 4,500,460 Less: Average preferred stock (412,500) (412,500) 4,382,887 4,113,610 (412,500) (P) Total average common shareholders’ equity $ 4,482,771 $ 4,298,356 $ (678,953) $ (681,091) $ 4,087,960 Less: Average acquisition-related intangible assets (675,247) (676,371) 3,703,934 3,432,519 (682,603) (Q) Total average tangible common shareholders’ equity (non-GAAP) $ 3,807,524 $ 3,621,985 $0.12 $0.09 $ 3,405,357 Return on average common equity, annualized (N/P) 15.67 % 12.72 % 11.94 % Return on average tangible common equity, annualized (non-GAAP) (O/Q) 0.1854636737388 63 Three Months Ended Reconciliation of non-GAAP Return on Average Tangible Common Equity ($ in Thousands): September 30, June 30, March 31, December 31, September 30, 2025 2025 2025 2024 2024 (N) Net income applicable to common shares $ 188,913 $ 188,536 $ 182,048 $ 178,371 $ 163,010 Add: Intangible asset amortization $ 5,196 $ 5,580 $ 5,618 $ 5,773 4042000 Less: Tax effect of intangible asset amortization $ (1,403) $ (1,495) $ (1,421) $ (1,547) (1,087) After-tax intangible asset amortization $ 3,793 $ 4,085 $ 4,197 $ 4,226 2,955 (O) Tangible net income applicable to common shares (non-GAAP) $ 192,706 $ 192,621 $ 186,245 $ 182,597 165,965 Total average shareholders’ equity $ 6,955,543 $ 6,862,040 $ 6,460,941 $ 6,418,403 $ 5,990,429 Less: Average preferred stock $ (483,288) $ (599,313) $ (412,500) $ (412,500) $ (412,500) (P) Total average common shareholders’ equity $ 6,472,255 $ 6,262,727 $ 6,048,441 $ 6,005,903 $ 5,577,929 Less: Average intangible assets $ (906,032) $ (910,924) $ (916,069) $ (921,438) $ (833,574) (Q) Total average tangible common shareholders’ equity (non-GAAP) $5,566,223 $5,351,803 $5,132,372 $5,084,465 $4,744,355 Return on average common equity, annualized (N/P) 11.58% 12.07% 12.21% 11.82% 11.63% Return on average tangible common equity, annualized (non-GAAP) (O/Q) 13.74 14.44 14.72 14.29 13.92 Non-GAAP Reconciliation The accounting and reporting policies of Wintrust conform to generally accepted accounting principles (“GAAP”) in the United States and prevailing practices in the banking industry. However, certain non- GAAP performance measures and ratios are used by management to evaluate and measure the Company’s performance. Management believes that these measures and ratios provide users of the Company’s financial information a more meaningful view of the performance of the Company's interest-earning assets and interest-bearing liabilities and of the Company’s operating efficiency. Other financial holding companies may define or calculate these measures and ratios differently.