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 | Source: Wintrust Financial Corporation

ROSEMONT, Ill., Oct. 22, 2026 (GLOBE NEWSWIRE) -- The Board of Directors of Wintrust Financial Corporation (“Wintrust” or the “Company”) (Nasdaq: WTFC) has approved a quarterly cash dividend of $0.55 per share of outstanding common stock. The dividend is payable on November 19, 2026, to shareholders of record as of November 5, 2026.

Additionally, the Company’s Board of Directors approved a cash dividend on outstanding shares of the Company’s 7.875% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series F. The dividend is payable on January 15, 2027, to shareholders of record as of January 1, 2027.

About Wintrust

Wintrust is a financial holding company with $76.0 billion in assets whose common stock is traded on the Nasdaq Global Select Market. Guided by its “Different Approach, Better Results®” philosophy, Wintrust offers the sophisticated resources of a large bank while providing a community banking experience to each customer. Wintrust operates more than 200 retail banking locations through 16 community bank subsidiaries in the greater Chicago, southern Wisconsin, west Michigan, northwest Indiana, and southwest Florida market areas. In addition, Wintrust operates various non-bank business units, providing residential mortgage origination, wealth management, commercial and life insurance premium financing, short-term accounts receivable financing/outsourced administrative services to the temporary staffing services industry, and qualified intermediary services for tax-deferred exchanges. For more information, please visit wintrust.com.

Forward-Looking Information

This press release contains forward-looking statements within the meaning of the federal securities laws. Investors are cautioned that such statements are predictions and that actual events or results may differ materially. Wintrust's expected financial results or other plans are subject to a number of risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" and the forward-looking statement disclosure contained in Wintrust's Annual Report on Form 10-K for the most recently ended fiscal year and in Wintrust’s subsequent Quarterly Reports on Form 10-Q. Forward-looking statements speak only as of the date made and Wintrust undertakes no duty to update the information.

FOR MORE INFORMATION CONTACT:
David A. Dykstra, Vice Chairman & Chief Operating Officer
(847) 939-9000
Amy Yuhn, Executive Vice President, Communications
(847) 939-9591
Website address: www.wintrust.com

On its third quarter of 2026 earnings call, held on Oct. 20, 2026, Wintrust (WTFC +2.72%) announced a seventh consecutive quarter of record net income. Core deposit expansion and steady lending margins give the regional lender a stable foundation to expand its Midwestern footprint. Three takeaways from the call stand out.

1. Core Deposit Growth Fuels Franchise ExpansionDeposits provide the cheap funding that fuels loan growth, keeping borrowing costs down when competitors must pay more to attract cash. In Illinois, deposit growth reached 9% year over year, outpacing state and national averages.

Growing core deposits remains the single most important thing we do to enhance the value of our franchise and to ensure our continued success.
-- Timothy S. Crane, President and Chief Executive Officer2. Interest Rate Hedges Protect Net Interest MarginShifting interest rates can squeeze bank profits if loan yields and deposit costs move out of sync. Management maintains derivative contracts that lock in yields, keeping the net interest margin (the difference between interest earned on assets and interest paid on deposits) steady near 3.5%.

And given our balance sheet structure and our established interest rate hedging positions, we believe that our interest rate sensitivity should continue to remain relatively neutral even with a few rate cuts in either direction.
-- David Alan Dykstra, Vice Chairman and Chief Operating Officer3. Early Problem Spotting Keeps Credit Quality CleanLenders face constant risk when commercial borrowers stumble during economic shifts. By charging down troubled loans fast and focusing on long-standing borrower relationships, Wintrust kept nonperforming loans (loans where borrowers stopped making required payments) around 0.3% of total loans.

This quarter again demonstrates our commitment to identifying problems early, and charging down loans where appropriate. Our goal as always is to stay ahead of potential credit challenges.
-- Richard Murphy, Vice Chairman and Chief Lending OfficerLooking AheadCustomer activity across Midwestern commercial markets is holding steady, and leadership isn't hiding its satisfaction with borrowing demand.

As we close out the year, our targets remain unchanged for the fourth quarter. Based on continued positive feedback from clients, solid pipelines, and the unique market position we occupy, we expect loan and deposit growth in the mid to high single digits.
-- Timothy S. Crane, President and Chief Executive OfficerA community-focused service model, localized branch density, and disciplined credit underwriting give Wintrust structural advantages against mega-bank rivals. Executives are keeping a close watch on deposit pricing discipline and credit quality to maintain returns.

Our capital position remains strong and increased during the quarter. Capital priorities we have discussed on prior calls remain unchanged. As always, our team focuses on delivering the exceptional customer service that is our key differentiator. Going into 2027, we feel good about our competitive position in the market, our ability to continue to grow our business, and to deliver value for our shareholders.
-- Timothy S. Crane, President and Chief Executive OfficerThe Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

Wintrust Financial (WTFC - Free Report) came out with quarterly earnings of $3.37 per share, beating the Zacks Consensus Estimate of $3.29 per share. This compares to earnings of $3.06 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +2.43%. A quarter ago, it was expected that this bank holding company would post earnings of $3.15 per share when it actually produced earnings of $3.3, delivering a surprise of +4.76%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

Wintrust, which belongs to the Zacks Banks - Midwest industry, posted revenues of $760.64 million for the quarter ended September 2026, surpassing the Zacks Consensus Estimate by 0.57%. This compares to year-ago revenues of $697.84 million. The company has topped consensus revenue estimates four times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Wintrust shares have added about 3.1% since the beginning of the year versus the S&P 500's gain of 11.9%.

What's Next for Wintrust?While Wintrust has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Wintrust was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $3.37 on $764.75 million in revenues for the coming quarter and $13.17 on $2.98 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Midwest is currently in the top 22% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

One other stock from the same industry, Associated Banc-Corp (ASB - Free Report) , is yet to report results for the quarter ended September 2026. The results are expected to be released on October 22.

This bank holding company is expected to post quarterly earnings of $0.76 per share in its upcoming report, which represents a year-over-year change of +4.1%. The consensus EPS estimate for the quarter has been revised 1.2% higher over the last 30 days to the current level.

Associated Banc-Corp's revenues are expected to be $464.03 million, up 20.1% from the year-ago quarter.

ROSEMONT, Ill., Oct. 19, 2026 (GLOBE NEWSWIRE) -- Wintrust Financial Corporation (“Wintrust”, “the Company”, “we” or “our”) (Nasdaq: WTFC) announced record net income of $700.1 million, or $9.89 per diluted common share, for the first nine months of 2026 compared to net income of $600.8 million, or $8.25 per diluted common share, for the same period of 2025. This represents a year-to-date net income increase of 17% compared to the same period of 2025. Pre-tax, pre-provision income (non-GAAP) for the first nine months of the year totaled a record $1.0 billion, compared to $884.1 million for the first nine months of 2025.

The Company reported record quarterly net income of $239.1 million, or $3.37 per diluted common share, for the third quarter of 2026, compared to net income of $233.7 million, or $3.30 per diluted common share, for the second quarter of 2026. Pre-tax, pre-provision income (non-GAAP) for the third quarter of 2026 totaled $352.2 million, as compared to $341.1 million for the second quarter of 2026.

Timothy S. Crane, President and Chief Executive Officer, commented, “Our strong momentum in the first half of the year continued into the third quarter leading to consistent and record results for the first nine months of 2026. The third quarter of 2026 produced the seventh consecutive quarter of record net income for the Company.”

Additionally, Mr. Crane noted, “Net interest income came in at $621.6 million for the quarter, an increase of $24.2 million, or 16% annualized, from the second quarter of 2026. Net interest margin of 3.51% in the third quarter remained in line with our expectations, and we believe our balance sheet is well positioned to support stable performance through changing interest rate environments.”

Highlights of the third quarter of 2026:
Comparative information to the second quarter of 2026, unless otherwise noted

Total loans increased by $1.1 billion, or 8% annualized.Total deposits increased by $1.3 billion, or 8% annualized.Total assets increased by $1.3 billion, or 7% annualized.Net interest income increased to $621.6 million in the third quarter of 2026, compared to $597.4 million in the second quarter of 2026, driven by strong average earning asset growth. Net interest margin was 3.49% (3.51% on a fully taxable-equivalent basis, non-GAAP) during the third quarter of 2026 which was in line with our prior guidance. Provision for credit losses totaled $25.9 million in the third quarter of 2026, compared to $23.1 million in the second quarter of 2026.Net charge-offs totaled $21.0 million, or 15 basis points of average total loans on an annualized basis, in the third quarter of 2026 up from $13.4 million, or 10 basis points of average total loans on an annualized basis, in the second quarter of 2026.Non-performing loans totaled $176.9 million and comprised 0.31% of total loans at September 30, 2026, as compared to $179.3 million and 0.32% of total loans at June 30, 2026. “We are encouraged by our strong third quarter performance and record results year-to-date. We believe we are well-positioned to build on our strong momentum and deliver further revenue growth as we close out the year. Our unique market position and strong customer relationships continue to create long-term franchise value in the markets we serve. We are proud of our latest deposit market share gains in Illinois and remain committed to expanding our market presence in Wisconsin and west Michigan. Our focus remains on delivering consistent balance sheet growth, expanding net interest income while maintaining a disciplined approach to expense management, which should generate positive operating leverage for the year”, Mr. Crane concluded.

The graphs shown on pages 3-7 illustrate certain financial highlights of the third quarter of 2026 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.

Graphs available at the following link: http://ml.globenewswire.com/Resource/Download/70c22597-0785-4d8f-b369-f25a29b18ff9

SUMMARY OF RESULTS:

BALANCE SHEET

Total assets increased $1.3 billion in the third quarter of 2026 compared to the second quarter of 2026, driven by a $1.1 billion increase in total loans. The robust loan growth was diversified across all major loan portfolios.

Total liabilities increased by $1.5 billion in the third quarter of 2026 compared to the second quarter of 2026, driven by a $1.3 billion increase in total deposits. Strong organic deposit growth in the third quarter of 2026 was driven by our diverse customer base and product offerings. Non-interest bearing deposit balances represented 19% of total deposits and average non-interest bearing deposit balances have remained stable in recent quarters. The Company's loans-to-deposits ratio ended the quarter at 91.0%.

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 2026, net interest income totaled $621.6 million, compared to $597.4 million in the second quarter of 2026. The increase in net interest income in the third quarter of 2026 was driven by strong average earning asset growth of $2.1 billion.

Net interest margin was 3.49% (3.51% on a fully taxable-equivalent basis, non-GAAP) during the third quarter of 2026, down one basis point compared to the second quarter of 2026. The yield on earning assets remained flat during the third quarter of 2026 while loan yields decreased by one basis point. Funding cost on interest-bearing deposits decreased one basis point compared to the second quarter of 2026. The net free funds contribution in the third quarter of 2026 decreased two basis points compared to the second quarter of 2026.

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

ASSET QUALITY

The allowance for credit losses totaled $486.1 million as of September 30, 2026, an increase from $481.2 million as of June 30, 2026. A provision for credit losses totaling $25.9 million was recorded for the third quarter of 2026 compared to $23.1 million recorded in the second quarter of 2026. The provision for credit losses recognized in the third quarter of 2026 reflects growth in the portfolio, stable credit quality and a mostly stable macroeconomic forecast. However, given future economic performance remains uncertain, allowance results capture uncertainty related to credit spreads, equity market valuations, consumer & business sentiment, and the job market. 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, 2026, June 30, 2026, and March 31, 2026 is shown on Table 12 of this report.

Net charge-offs totaled $21.0 million in the third quarter of 2026, an increase of $7.6 million compared to $13.4 million of net charge-offs in the second quarter of 2026. Net charge-offs as a percentage of average total loans were 15 basis points in the third quarter of 2026 on an annualized basis compared to 10 basis points on an annualized basis in the second quarter of 2026. For more information regarding net charge-offs, see Table 10 in this report.

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

Non-performing assets and non-performing loans were stable compared to prior quarter. Non-performing assets totaled $193.3 million and comprised 0.25% of total assets as of September 30, 2026, as compared to $195.2 million, or 0.26% of total assets, as of June 30, 2026. Non-performing loans totaled $176.9 million and comprised 0.31% of total loans at September 30, 2026, as compared to $179.3 million and 0.32% of total loans at June 30, 2026. For more information regarding non-performing assets, see Table 14 in this report.

NON-INTEREST INCOME

Non-interest income totaled $136.3 million in the third quarter of 2026, compared to $141.3 million in the second quarter of 2026.

Wealth management revenue increased by approximately $1.1 million in the third quarter of 2026, compared to the second quarter of 2026. The increase in the third quarter of 2026 was primarily driven by increased trust and asset management fees from higher assets under management during the period. 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 $25.5 million in the third quarter of 2026, compared to $27.4 million in the second quarter of 2026. The decrease in the third quarter of 2026 was primarily attributed to lower mortgage loan originations and related operational revenue. For more information regarding mortgage banking revenue, see Table 16 in this report.

The Company recognized approximately $1.6 million in net losses on investment securities in the third quarter of 2026 compared to approximately $1.8 million in net gains in the second quarter of 2026. The net losses in the third quarter of 2026 were primarily the result of fair value adjustments 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 $405.7 million in the third quarter of 2026, increasing $8.1 million, compared to $397.5 million in the second quarter of 2026. Non-interest expense, as a percent of average assets, decreased to 2.16% in the third quarter of 2026 from 2.21% in the second quarter of 2026.

Salaries and employee benefits expense decreased by approximately $3.5 million in the third quarter of 2026, compared to the second quarter of 2026. This was primarily driven by lower payroll taxes and deferred compensation expense during the third quarter of 2026.

Advertising and marketing expense in the third quarter of 2026 totaled $21.8 million, which was a $1.4 million increase as compared to the second quarter of 2026. The increase in the third quarter was primarily driven by community sponsorship events and media commitments which are historically higher in the second and third quarter of the year. Marketing costs are incurred to promote the Company’s brand, commercial banking capabilities and the Company’s various products, to attract loans and deposits and to announce new branch openings as well as the expansion of the Company’s non-bank businesses. The level of marketing expenditures depends on the timing of sponsorship programs utilized which are determined based on the market area, targeted audience, competition and various other factors. Generally, these expenses are elevated in the second and third quarters of each year.

FDIC insurance totaled $12.1 million in the third quarter of 2026, a $5.5 million increase from the second quarter of 2026. This was primarily the result of the $5.2 million FDIC special assessment reversal recorded in the second quarter of 2026. The special assessments were in response to certain bank failures in 2023 and the reversal was based on the FDIC's final determination of losses to its Deposit Insurance Fund.

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

INCOME TAXES

The Company recorded income tax expense of $87.3 million in the third quarter of 2026 compared to $84.3 million in the second quarter of 2026. The effective tax rates were 26.7% in the third quarter of 2026 compared to 26.5% in the second quarter of 2026.

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 2026, community banking increased its commercial, commercial real estate and residential real estate loan portfolios.

Mortgage banking revenue was $25.5 million for the third quarter of 2026, a decrease of $1.9 million compared to the second quarter of 2026. See Table 16 for more detail. Service charges on deposit accounts totaled $22.2 million in the third quarter of 2026 as compared to $21.2 million in the second quarter of 2026. The Company’s gross commercial and commercial real estate loan pipelines remained solid as of September 30, 2026 indicating momentum for expected continued loan growth in the fourth quarter of 2026.

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 approximately $5.4 billion during the third quarter of 2026. Average balances increased by $781.7 million, as compared to the second quarter of 2026. The Company’s leasing divisions’ portfolio balances increased in the third quarter of 2026, with capital leases, loans, and equipment on operating leases of $3.1 billion, $1.3 billion, and $363.2 million as of September 30, 2026, respectively, compared to $3.1 billion, $1.2 billion, and $363.7 million as of June 30, 2026, respectively. Revenues from the Company’s out-sourced administrative services business were $1.4 million in the third quarter of 2026, which was relatively stable compared to the second quarter of 2026.

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 $41.0 million in the third quarter of 2026, an increase as compared to the second quarter of 2026. At September 30, 2026, the Company’s wealth management subsidiaries had approximately $51.5 billion of assets under administration, which excludes assets owned by the Company and its subsidiary banks.

ITEMS IMPACTING COMPARATIVE FINANCIAL RESULTS

Business Acquisition

On September 1, 2026, the Company completed its purchase of the guardianship services business that was previously announced (the “business”). The business has approximately $1.2 billion in assets under management. As of September 30, 2026, the Company preliminarily recorded goodwill of approximately $7.5 million. In accordance with generally accepted accounting principles (“GAAP”), the initial purchase accounting for this business acquisition is not finalized and is therefore subject to change.

WINTRUST FINANCIAL CORPORATION

Key Operating Measures

Wintrust’s key operating measures and growth rates for the third quarter of 2026, as compared to the second quarter of 2026 (sequential quarter) and third quarter of 2025 (linked quarter), are shown in the table below:

      % or (1)
basis point (bp) change from
2nd Quarter
2026% or
basis point (bp) change from
3rd Quarter
2025 Three Months Ended(Dollars in thousands, except per share data)Sep 30, 2026 Jun 30, 2026 Sep 30, 2025Net income$239,054  $233,693  $216,254 2 %11 %Pre-tax income, excluding provision for credit losses (non-GAAP) (2) 352,212   341,098   317,809 3  11  Net income per common share – Diluted 3.37   3.30   2.78 2  21  Cash dividends declared per common share 0.55   0.55   0.50 —  10  Net revenue (3) 757,877   738,635   697,837 3  9  Net interest income 621,604   597,366   567,010 4  10  Net interest margin 3.49%  3.50%  3.48%(1)bps1 bpsNet interest margin – fully taxable-equivalent (non-GAAP) (2) 3.51   3.52   3.50 (1) 1  Net overhead ratio (4) 1.44   1.42   1.45 2  (1) Return on average assets 1.27   1.30   1.26 (3) 1  Return on average common equity 12.83   12.82   11.58 1  125  Return on average tangible common equity (non-GAAP) (2) 14.89   14.91   13.74 (2) 115  At end of period         Total assets$75,971,620  $74,668,135  $69,629,638 7 %9 %Total loans (5) 56,804,571   55,654,947   52,063,482 8  9  Total deposits 62,435,216   61,141,275   56,711,381 8  10  Total shareholders’ equity 7,289,546   7,525,116   7,045,757 (12) 3  
(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 EndedNine Months Ended(Dollars in thousands, except per share data) Sep 30, 2026 Jun 30, 2026 Mar 31, 2026 Dec 31, 2025 Sep 30, 2025Sep 30, 2026 Sep 30, 2025Selected Financial Condition Data (at end of period):   Total assets $75,971,620  $74,668,135  $72,157,433  $71,142,046  $69,629,638    Total loans (1)  56,804,571   55,654,947   54,071,292   53,105,101   52,063,482    Total deposits  62,435,216   61,141,275   58,914,382   57,717,191   56,711,381    Total shareholders’ equity  7,289,546   7,525,116   7,378,100   7,258,715   7,045,757    Selected Statements of Income Data:             Net interest income $621,604  $597,366  $579,024  $583,874  $567,010 $1,797,994  $1,640,178 Net revenue (2)  757,877   738,635   713,166   714,264   697,837  2,209,678   2,011,728 Net income  239,054   233,693   227,388   223,024   216,254  700,135   600,820 Pre-tax income, excluding provision for credit losses (non-GAAP) (3)  352,212   341,098   330,534   329,811   317,809  1,023,844   884,149 Net income per common share – Basic  3.42   3.34   3.26   3.21   2.82  10.02   8.37 Net income per common share – Diluted  3.37   3.30   3.22   3.15   2.78  9.89   8.25 Cash dividends declared per common share  0.55   0.55   0.55   0.50   0.50  1.65   1.50 Selected Financial Ratios and Other Data:             Performance Ratios:             Net interest margin  3.49%  3.50%  3.54%  3.52%  3.48% 3.51%  3.51%Net interest margin – fully taxable-equivalent (non-GAAP) (3)  3.51   3.52   3.56   3.54   3.50  3.53   3.53 Non-interest income to average assets  0.73   0.79   0.78   0.74   0.76  0.76   0.75 Non-interest expense to average assets  2.16   2.21   2.21   2.19   2.21  2.19   2.28 Net overhead ratio (4)  1.44   1.42   1.44   1.45   1.45  1.43   1.53 Return on average assets  1.27   1.30   1.32   1.27   1.26  1.30   1.22 Return on average common equity  12.83   12.82   12.76   12.63   11.58  12.80   11.94 Return on average tangible common equity (non-GAAP) (3)  14.89   14.91   14.89   14.83   13.74  14.89   14.28 Average total assets $74,400,171  $72,161,723  $70,089,123  $69,492,268  $68,303,036 $72,232,797  $66,098,845 Average total shareholders’ equity  7,558,263   7,474,449   7,387,713   7,166,608   6,955,543  7,474,100   6,761,319 Average loans to average deposits ratio  91.8%  92.6%  93.1%  92.4%  92.5% 92.5%  92.6%Period-end loans to deposits ratio  91.0   91.0   91.8   92.0   91.8    Common Share Data at end of period:             Market price per common share $141.82  $160.72  $138.94  $139.82  $132.44    Book value per common share  101.74   105.26   103.10   102.03   98.87    Tangible book value per common share (non-GAAP) (3)  88.18   92.13   89.90   88.66   85.39    Common shares outstanding  67,472,459   67,455,414   67,437,300   66,974,913   66,961,209    Other Data at end of period:             Common equity to assets ratio  9.0%  9.5%  9.6%  9.6%  9.5%   Tangible common equity ratio (non-GAAP) (3)  7.9   8.4   8.5   8.5   8.3    Tier 1 leverage ratio (5)  9.8   9.8   9.8   9.6   9.5    Risk-based capital ratios:             Tier 1 capital ratio (5)  11.2   11.1   11.1   11.0   10.9    Common equity tier 1 capital ratio (5)  10.5   10.4   10.4   10.3   10.2    Total capital ratio (5)  12.5   12.4   12.6   12.4   12.4    Allowance for credit losses (6) $486,053  $481,189  $471,591  $460,465  $454,586    Allowance for loan and unfunded lending-related commitment losses to total loans  0.86%  0.86%  0.87%  0.87%  0.87%   Number of:             Bank subsidiaries  16   16   16   16   16    Banking offices  211   210   209   209   208    
(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.
(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) 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)  2026   2026   2026   2025   2025 Assets          Cash and due from banks $635,592  $595,790  $543,654  $467,874  $565,406 Federal funds sold and securities purchased under resale agreements  65   65   65   64   63 Interest-bearing deposits with banks  3,557,687   3,573,915   3,051,665   3,180,553   3,422,452 Available-for-sale securities, at fair value  7,569,498   7,587,545   7,244,282   6,236,263   5,274,124 Held-to-maturity securities, at amortized cost  3,120,503   3,196,452   3,270,207   3,343,905   3,438,406 Equity securities with readily determinable fair value  64,811   65,815   63,786   63,770   63,445 Federal Home Loan Bank and Federal Reserve Bank stock  296,171   294,629   292,044   291,881   282,755 Mortgage loans held-for-sale, at fair value  307,748   407,495   383,405   340,745   333,883 Loans, net of unearned income  56,804,571   55,654,947   54,071,292   53,105,101   52,063,482 Allowance for loan losses  (401,729)  (402,952)  (390,651)  (379,283)  (386,622)Net loans  56,402,842   55,251,995   53,680,641   52,725,818   51,676,860 Premises, software and equipment, net  792,205   778,958   777,603   781,611   775,425 Lease investments, net  363,243   363,664   362,766   360,646   301,000 Accrued interest receivable and other assets  1,946,561   1,666,474   1,596,617   1,617,682   1,614,674 Receivable on unsettled securities sales  —   —   —   835,275   978,209 Goodwill  804,661   797,219   797,658   797,960   797,639 Other acquisition-related intangible assets  110,033   88,119   93,040   97,999   105,297 Total assets $75,971,620  $74,668,135  $72,157,433  $71,142,046  $69,629,638 Liabilities and Shareholders’ Equity          Deposits:          Non-interest-bearing $11,584,695  $11,796,736  $12,112,891  $11,423,701  $10,952,146 Interest-bearing  50,850,521   49,344,539   46,801,491   46,293,490   45,759,235 Total deposits  62,435,216   61,141,275   58,914,382   57,717,191   56,711,381 Federal Home Loan Bank advances  3,450,680   3,450,680   3,451,309   3,451,309   3,151,309 Other borrowings  355,554   370,736   340,647   477,966   579,328 Subordinated notes  298,903   298,820   298,717   298,636   298,536 Junior subordinated debentures  253,566   253,566   253,566   253,566   253,566 Accrued interest payable and other liabilities  1,888,155   1,627,942   1,520,712   1,684,663   1,589,761 Total liabilities  68,682,074   67,143,019   64,779,333   63,883,331   62,583,881 Shareholders’ Equity:          Preferred stock  425,000   425,000   425,000   425,000   425,000 Common stock  67,599   67,581   67,563   67,062   67,042 Surplus  2,574,253   2,560,427   2,546,754   2,534,024   2,521,306 Treasury stock  (14,897)  (14,882)  (13,970)  (9,156)  (9,150)Retained earnings  5,101,367   4,907,788   4,719,561   4,537,539   4,356,367 Accumulated other comprehensive loss  (863,776)  (420,798)  (366,808)  (295,754)  (314,808)Total shareholders’ equity  7,289,546   7,525,116   7,378,100   7,258,715   7,045,757 Total liabilities and shareholders’ equity $75,971,620  $74,668,135  $72,157,433  $71,142,046  $69,629,638 
WINTRUST FINANCIAL CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)

 Three Months EndedNine Months Ended(Dollars in thousands, except per share data)Sep 30,
2026 Jun 30,
2026 Mar 31,
2026 Dec 31,
2025 Sep 30,
2025Sep 30, 2026 Sep 30, 2025Interest income            Interest and fees on loans$853,299  $822,981 $797,889  $822,494  $832,140$2,474,169 $2,398,499Mortgage loans held-for-sale 5,761   6,169  4,615   5,607   4,757 16,545  13,875Interest-bearing deposits with banks 25,595   20,916  19,150   27,190   34,992 65,661  106,075Federal funds sold and securities purchased under resale agreements 1   5  64   77   75 70  530Investment securities 112,273   105,716  100,278   95,461   86,426 318,267  236,495Trading account securities —   —  —   —   — —  11Federal Home Loan Bank and Federal Reserve Bank stock 5,932   5,625  5,564   5,497   5,444 17,121  16,144Brokerage customer receivables —   —  —   —   — —  78Total interest income 1,002,861   961,412  927,560   956,326   963,834 2,891,833  2,771,707Interest expense            Interest on deposits 341,017   325,033  309,187   332,178   355,846 975,237  1,009,549Interest on Federal Home Loan Bank advances 29,086   28,218  27,701   26,408   26,007 85,005  77,172Interest on other borrowings 3,430   3,121  4,026   5,956   6,887 10,577  20,636Interest on subordinated notes 3,721   3,739  3,719   3,737   3,717 11,179  11,166Interest on junior subordinated debentures 4,003   3,935  3,903   4,173   4,367 11,841  13,006Total interest expense 381,257   364,046  348,536   372,452   396,824 1,093,839  1,131,529Net interest income 621,604   597,366  579,024   583,874   567,010 1,797,994  1,640,178Provision for credit losses 25,879   23,134  29,594   27,588   21,768 78,607  67,965Net interest income after provision for credit losses 595,725   574,232  549,430   556,286   545,242 1,719,387  1,572,213Non-interest income            Wealth management 40,967   39,883  42,059   39,365   37,188 122,909  108,051Mortgage banking 25,532   27,438  23,396   22,625   24,451 76,366  68,150Service charges on deposit accounts 22,161   21,240  20,970   20,402   19,825 64,371  58,689(Losses) gains on investment securities, net (1,621)  1,845  (31)  1,505   2,972 193  6,818Fees from covered call options 4,585   4,793  4,669   5,992   5,619 14,047  14,689Trading gains (losses), net 48   70  10   (257)  172 128  259Operating lease income, net 18,447   18,804  19,154   16,365   15,466 56,405  45,919Other 26,154   27,196  23,915   24,393   25,134 77,265  68,975Total non-interest income 136,273   141,269  134,142   130,390   130,827 411,684  371,550Non-interest expense            Salaries and employee benefits 230,552   234,089  228,447   222,557   219,668 693,088  650,735Software and equipment 39,179   39,288  35,654   36,096   35,027 114,121  106,266Operating lease equipment 11,661   11,187  10,987   11,034   10,409 33,835  31,637Occupancy, net 19,548   21,153  20,566   20,105   20,809 61,267  61,815Data processing 11,218   10,659  11,266   11,809   11,329 33,143  34,713Advertising and marketing 21,806   20,432  13,218   13,792   19,027 55,456  50,060Professional fees 10,687   9,342  7,375   8,280   7,465 27,404  25,752Amortization of other acquisition-related intangible assets 4,686   4,921  4,958   4,999   5,196 14,565  16,394FDIC insurance 12,138   6,640  10,990   10,562   11,418 29,768  33,315Other real estate owned (“OREO”) expenses, net 282   786  207   2,162   262 1,275  1,410Other 43,908   39,040  38,964   43,057   39,418 121,912  115,482Total non-interest expense 405,665   397,537  382,632   384,453   380,028 1,185,834  1,127,579Income before taxes 326,333   317,964  300,940   302,223   296,041 945,237  816,184Income tax expense 87,279   84,271  73,552   79,199   79,787 245,102  215,364Net income$239,054  $233,693 $227,388  $223,024  $216,254$700,135 $600,820Preferred stock dividends 8,367   8,367  8,367   8,367   13,295 25,101  27,277Preferred stock redemption —   —  —   —   14,046 —  14,046Net income applicable to common shares$230,687  $225,326 $219,021  $214,657  $188,913$675,034 $559,497Net income per common share - Basic$3.42  $3.34 $3.26  $3.21  $2.82$10.02 $8.37Net income per common share - Diluted$3.37  $3.30 $3.22  $3.15  $2.78$9.89 $8.25Cash dividends declared per common share$0.55  $0.55 $0.55  $0.50  $0.50$1.65 $1.50Weighted average common shares outstanding 67,467   67,434  67,246   66,970   66,952 67,383  66,871Dilutive potential common shares 911   852  851   1,143   1,028 876  945Average common shares and dilutive common shares 68,378   68,286  68,097   68,113   67,980 68,259  67,816
TABLE 1: LOAN PORTFOLIO MIX AND GROWTH RATES

          % Growth From(1)(Dollars in thousands)Sep 30, 2026 Jun 30, 2026 Mar 31, 2026 Dec 31,
2025 Sep 30, 2025Jun 30, 2026(2)Sep 30, 2025Balance:           Mortgage loans held-for-sale, excluding early buy-out exercised loans guaranteed by U.S. government agencies$173,773 $265,203 $249,350 $217,136 $211,360NM(18)%Mortgage loans held-for-sale, early buy-out exercised loans guaranteed by U.S. government agencies 133,975  142,292  134,055  123,609  122,523(23)9 Total mortgage loans held-for-sale$307,748 $407,495 $383,405 $340,745 $333,883(97)%(8)%            Core loans:           Commercial           Commercial and industrial$8,051,117 $7,802,625 $7,620,239 $7,267,505 $7,135,08313%13%Asset-based lending 1,662,239  1,628,319  1,558,089  1,512,888  1,588,5228 5 Municipal 858,207  866,012  839,633  868,958  804,986(4)7 Leases 3,132,875  3,114,901  3,002,014  2,921,366  2,834,5632 11 Commercial real estate           Residential construction 51,454  52,590  53,097  54,753  60,923(9)(16)Commercial construction 2,300,349  2,294,566  1,959,375  2,013,244  2,273,5451 1 Land 327,086  308,509  311,470  341,585  323,68524 1 Office 1,659,530  1,607,275  1,652,482  1,688,614  1,578,20813 5 Industrial 3,590,562  3,405,641  3,323,977  3,167,768  2,912,54722 23 Retail 1,510,533  1,475,949  1,469,658  1,436,252  1,478,8619 2 Multi-family 3,516,050  3,299,607  3,565,419  3,445,507  3,306,59726 6 Mixed use and other 2,005,047  1,826,470  1,826,808  1,793,013  1,684,84139 19 Home equity 507,831  491,782  471,264  480,525  484,20213 5 Residential real estate           Residential real estate loans for investment 4,552,877  4,411,357  4,319,941  4,171,439  4,019,04613 13 Residential mortgage loans, early buy-out eligible loans guaranteed by U.S. government agencies 86,626  76,334  83,036  84,706  75,08853 15 Residential mortgage loans, early buy-out exercised loans guaranteed by U.S. government agencies 56,512  55,001  62,189  61,087  49,73611 14 Total core loans$33,868,895 $32,716,938 $32,118,691 $31,309,210 $30,610,43314%11%            Niche loans:           Commercial           Franchise$1,256,013 $1,300,935 $1,293,639 $1,298,493 $1,298,140(14)%(3)%Mortgage warehouse lines of credit 1,749,346  1,897,762  1,800,972  1,515,003  1,204,661(31)45 Community Advantage - homeowners association 517,408  516,782  526,274  532,027  537,6960 (4)Insurance entity lending 1,114,560  1,153,975  1,122,361  1,128,446  1,140,691(14)(2)Premium Finance receivables           U.S. property & casualty insurance 7,805,981  7,744,361  7,127,234  7,308,054  7,502,9013 4 Canada property & casualty insurance 818,341  867,662  763,097  875,362  863,391(23)(5)Life insurance 9,538,863  9,312,521  9,196,382  9,023,642  8,758,55310 9 Consumer and other 135,164  144,011  122,642  114,864  147,016(24)(8)Total niche loans$22,935,676 $22,938,009 $21,952,601 $21,795,891 $21,453,049(0)%7%            Total loans, net of unearned income$56,804,571 $55,654,947 $54,071,292 $53,105,101 $52,063,4828%9%
(1) NM - Not Meaningful.
(2) Annualized.

TABLE 2: DEPOSIT PORTFOLIO MIX AND GROWTH RATES

          % Growth From(Dollars in thousands)Sep 30,
2026 Jun 30,
2026 Mar 31,
2026 Dec 31,
2025 Sep 30,
2025Jun 30,
2026 (1) Sep 30, 2025Balance:            Non-interest-bearing$11,584,695  $11,796,736  $12,112,891  $11,423,701  $10,952,146 (7)% 6%NOW and interest-bearing demand deposits 7,253,456   6,742,269   5,987,258   6,233,753   6,710,919 30  8 Wealth management deposits (2) 1,690,496   1,349,949   1,670,620   1,907,647   1,600,735 100  6 Money market 24,174,275   23,083,225   21,714,267   21,368,924   20,270,382 19  19 Savings 6,487,247   6,597,516   6,942,565   6,905,216   6,758,743 (7) (4)Time certificates of deposit 11,245,047   11,571,580   10,486,781   9,877,950   10,418,456 (11) 8 Total deposits$62,435,216  $61,141,275  $58,914,382  $57,717,191  $56,711,381 8% 10%Mix:            Non-interest-bearing 19%  19%  20%  20%  19%   NOW and interest-bearing demand deposits 11   11   10   11   12    Wealth management deposits (2) 3   2   3   3   3    Money market 39   38   37   37   36    Savings 10   11   12   12   12    Time certificates of deposit 18   19   18   17   18    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, 2026

(Dollars in thousands) Total Time
Certificates of
Deposit Weighted-Average
Rate of Maturing
Time Certificates
of Deposit 1-3 months $3,527,388 3.47%4-6 months  2,538,063 3.35 7-9 months  1,526,406 3.33 10-12 months  2,547,872 3.81 13-18 months  956,359 3.59 19-24 months  79,951 2.90 24+ months  69,008 2.51 Total $11,245,047 3.50%
TABLE 4: QUARTERLY AVERAGE BALANCES

  Average Balance for three months ended,  Sep 30, Jun 30, Mar 31, Dec 31, Sep 30,(In thousands)  2026   2026   2026   2025   2025 Interest-bearing deposits with banks, securities purchased under resale agreements and cash equivalents (1) $2,853,369  $2,412,081  $2,247,083  $2,842,829  $3,276,683 Investment securities (2)  11,073,179   10,832,538   10,616,617   10,084,138   9,377,930 FHLB and FRB stock (3)  294,088   292,325   291,972   284,643   282,338 Liquidity management assets (4) $14,220,636  $13,536,944  $13,155,672  $13,211,610  $12,936,951 Mortgage loans held-for-sale  362,329   402,175   317,047   357,672   295,365 Loans, net of unearned income (4) (5)  55,982,688   54,491,469   52,845,685   52,193,637   51,403,566 Total earning assets (4) $70,565,653  $68,430,588  $66,318,404  $65,762,919  $64,635,882 Allowance for loan and investment security losses  (413,132)  (405,743)  (391,810)  (404,075)  (410,681)Cash and due from banks  539,220   519,586   534,189   517,616   495,292 Other assets  3,708,430   3,617,292   3,628,340   3,615,808   3,582,543 Total assets $74,400,171  $72,161,723  $70,089,123  $69,492,268  $68,303,036            NOW and interest-bearing demand deposits $7,283,497  $6,453,420  $6,081,218  $6,133,333  $6,687,292 Wealth management deposits  1,566,292   1,485,347   1,858,560   1,925,808   1,604,142 Money market accounts  22,860,299   22,000,942   21,156,125   20,475,659   19,431,021 Savings accounts  6,570,130   6,707,916   6,921,251   6,814,263   6,723,325 Time deposits  11,256,456   10,938,312   9,782,112   10,045,136   10,319,719 Interest-bearing deposits $49,536,674  $47,585,937  $45,799,266  $45,394,199  $44,765,499 FHLB advances (3)  3,450,683   3,450,773   3,451,312   3,203,483   3,151,310 Other borrowings  393,031   358,511   442,200   547,507   614,892 Subordinated notes  298,844   298,757   298,661   298,576   298,481 Junior subordinated debentures  253,566   253,566   253,566   253,566   253,566 Total interest-bearing liabilities $53,932,798  $51,947,544  $50,245,005  $49,697,331  $49,083,748 Non-interest-bearing deposits  11,417,869   11,273,344   10,963,887   11,080,254   10,791,709 Other liabilities  1,491,241   1,466,386   1,492,518   1,548,075   1,472,036 Equity  7,558,263   7,474,449   7,387,713   7,166,608   6,955,543 Total liabilities and shareholders’ equity $74,400,171  $72,161,723  $70,089,123  $69,492,268  $68,303,036            Net free funds/contribution (6) $16,632,855  $16,483,044  $16,073,399  $16,065,588  $15,552,134 
(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) Loans, net of unearned income, include non-accrual loans.
(6) 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)  2026   2026   2026   2025   2025 Interest income:          Interest-bearing deposits with banks, securities purchased under resale agreements and cash equivalents $25,595  $20,921  $19,214  $27,267  $35,067 Investment securities  112,884   106,346   100,864   96,122   87,101 FHLB and FRB stock (1)  5,932   5,625   5,564   5,497   5,444 Liquidity management assets (2) $144,411  $132,892  $125,642  $128,886  $127,612 Mortgage loans held-for-sale  5,761   6,169   4,615   5,607   4,757 Loans, net of unearned income (2)  855,450   825,092   799,915   824,628   834,294 Total interest income $1,005,622  $964,153  $930,172  $959,121  $966,663            Interest expense:          NOW and interest-bearing demand deposits $37,394  $32,318  $29,666  $31,681  $40,448 Wealth management deposits  6,895   6,823   8,941   10,011   8,415 Money market accounts  174,404   165,035   155,299   163,585   169,831 Savings accounts  23,197   25,729   30,672   34,371   38,844 Time deposits  99,127   95,128   84,609   92,530   98,308 Interest-bearing deposits $341,017  $325,033  $309,187  $332,178  $355,846 FHLB advances (1)  29,086   28,218   27,701   26,408   26,007 Other borrowings  3,430   3,121   4,026   5,956   6,887 Subordinated notes  3,721   3,739   3,719   3,737   3,717 Junior subordinated debentures  4,003   3,935   3,903   4,173   4,367 Total interest expense $381,257  $364,046  $348,536  $372,452  $396,824            Less: Fully taxable-equivalent adjustment  (2,761)  (2,741)  (2,612)  (2,795)  (2,829)Net interest income (GAAP) (3)   621,604   597,366   579,024   583,874   567,010 Fully taxable-equivalent adjustment  2,761   2,741   2,612   2,795   2,829 Net interest income, fully taxable-equivalent (non-GAAP) (3)  $624,365  $600,107  $581,636  $586,669  $569,839 
(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, 2026 Jun 30, 2026 Mar 31,
2026 Dec 31, 2025 Sep 30,
2025Yield earned on:          Interest-bearing deposits with banks, securities purchased under resale agreements and cash equivalents 3.56% 3.48% 3.47% 3.81% 4.25%Investment securities 4.04  3.94  3.85  3.78  3.68 FHLB and FRB stock (1) 8.00  7.72  7.73  7.66  7.65 Liquidity management assets 4.03% 3.94% 3.87% 3.87% 3.91%Mortgage loans held-for-sale 6.31  6.15  5.90  6.22  6.39 Loans, net of unearned income 6.06  6.07  6.14  6.27  6.44 Total earning assets 5.65% 5.65% 5.69% 5.79% 5.93%           Rate paid on:          NOW and interest-bearing demand deposits 2.04% 2.01% 1.98% 2.05% 2.40%Wealth management deposits 1.75  1.84  1.95  2.06  2.08 Money market accounts 3.03  3.01  2.98  3.17  3.47 Savings accounts 1.40  1.54  1.80  2.00  2.29 Time deposits 3.49  3.49  3.51  3.65  3.78 Interest-bearing deposits 2.73% 2.74% 2.74% 2.90% 3.15%FHLB advances 3.34  3.28  3.26  3.27  3.27 Other borrowings 3.46  3.49  3.69  4.32  4.44 Subordinated notes 4.94  5.02  5.05  4.97  4.94 Junior subordinated debentures 6.26  6.22  6.24  6.53  6.83 Total interest-bearing liabilities 2.80% 2.81% 2.81% 2.97% 3.21%           Interest rate spread (2) (3) 2.85% 2.84% 2.88% 2.82% 2.72%Less: Fully taxable-equivalent adjustment (0.02) (0.02) (0.02) (0.02) (0.02)Net free funds/contribution (4) 0.66  0.68  0.68  0.72  0.78 Net interest margin (GAAP) (3) 3.49% 3.50% 3.54% 3.52% 3.48%Fully taxable-equivalent adjustment 0.02  0.02  0.02  0.02  0.02 Net interest margin, fully taxable-equivalent (non-GAAP) (3) 3.51% 3.52% 3.56% 3.54% 3.50%
(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, 2026 Sep 30,
2025Sep 30, 2026 Sep 30, 2025Sep 30, 2026 Sep 30, 2025Interest-bearing deposits with banks, securities purchased under resale agreements and cash equivalents (1)$2,506,398  $3,367,419 $65,730  $106,605 3.51% 4.23%Investment securities (2) 10,842,451   8,866,621  320,094   238,540 3.95  3.60 FHLB and FRB stock (3) 292,803   282,016  17,121   16,144 7.82  7.65 Liquidity management assets (4) (5)$13,641,652  $12,516,056 $402,945  $361,289 3.95% 3.86%Other earning assets (4) (5) (6) —   4,332  —   92 —  2.84 Mortgage loans held-for-sale 360,683   297,568  16,545   13,875 6.13  6.23 Loans, net of unearned income (4) (5) (7) 54,451,438   49,597,938  2,480,457   2,405,059 6.09  6.48 Total earning assets (5)$68,453,773  $62,415,894 $2,899,947  $2,780,315 5.66% 5.96%Allowance for loan and investment security losses (403,640)  (395,041)      Cash and due from banks 531,017   483,543       Other assets 3,651,647   3,594,449       Total assets$72,232,797  $66,098,845                 NOW and interest-bearing demand deposits$6,610,449  $6,387,859 $99,378  $111,565 2.01% 2.34%Wealth management deposits 1,635,663   1,577,312  22,659   25,203 1.85  2.14 Money market accounts 22,012,031   18,405,748  494,738   472,095 3.01  3.43 Savings accounts 6,731,813   6,594,716  79,598   112,404 1.58  2.28 Time deposits 10,664,360   9,859,196  278,864   288,282 3.50  3.91 Interest-bearing deposits$47,654,316  $42,824,831 $975,237  $1,009,549 2.74% 3.15%FHLB advances (3) 3,450,920   3,151,310  85,005   77,172 3.29  3.27 Other borrowings 397,733   597,016  10,577   20,636 3.56  4.62 Subordinated notes 298,755   298,396  11,179   11,166 5.00  5.00 Junior subordinated debentures 253,566   253,566  11,841   13,006 6.24  6.86 Total interest-bearing liabilities$52,055,290  $47,125,119 $1,093,839  $1,131,529 2.81% 3.21%Non-interest-bearing deposits 11,220,029   10,722,772       Other liabilities 1,483,378   1,489,635       Equity 7,474,100   6,761,319       Total liabilities and shareholders’ equity$72,232,797  $66,098,845       Interest rate spread (5) (8)      2.85% 2.75%Less: Fully taxable-equivalent adjustment    (8,114)  (8,608)(0.02) (0.02)Net free funds/contribution (9)$16,398,483  $15,290,775    0.68  0.78 Net interest income/margin (GAAP) (5)   $1,797,994  $1,640,178 3.51% 3.51%Fully taxable-equivalent adjustment    8,114   8,608 0.02  0.02 Net interest income/margin, fully taxable-equivalent (non-GAAP) (5)    $1,806,108  $1,648,786 3.53% 3.53%
(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) 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 PointsSep 30, 2026 (2.9)% (1.6)% 0.3% 0.1%Jun 30, 2026 (2.4) (1.1) (0.1) (0.1)Mar 31, 2026 (0.8) (0.1) (1.0) (1.9)Dec 31, 2025 (1.6) (0.5) (0.5) (0.8)Sep 30, 2025 (2.3) (0.8) 0.0  (0.4) Ramp Scenario+200 Basis Points +100 Basis Points -100 Basis Points -200 Basis PointsSep 30, 2026(2.2)% (1.3)% 0.5% 1.2%Jun 30, 2026(0.2) (0.1) (0.2) (0.4)Mar 31, 2026(0.1) 0.0  (0.1) (0.3)Dec 31, 2025(0.0) 0.1  (0.1) (0.2)Sep 30, 2025(0.2) (0.1) 0.1  (0.1)
As shown above, the magnitude of potential changes in net interest income in various interest rate scenarios has continued to remain relatively neutral. Management has taken action to reposition its sensitivity to interest rates to stabilize net interest margin following the rise in short term interest rates in 2022 and 2023. To this end, management has executed various derivative instruments including collars, floors and receive-fixed swaps to hedge variable-rate loan exposures. 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 periodAs of September 30, 2026One year or
less From one to
five years From five to fifteen years After fifteen years Total(In thousands)    Commercial         Fixed rate$668,421  $4,220,622 $2,267,646 $23,498 $7,180,187Variable rate 11,157,780   3,798  —  —  11,161,578Total commercial$11,826,201  $4,224,420 $2,267,646 $23,498 $18,341,765Commercial real estate         Fixed rate$946,605  $2,696,894 $343,419 $68,813 $4,055,731Variable rate 10,898,800   6,017  63  —  10,904,880Total commercial real estate$11,845,405  $2,702,911 $343,482 $68,813 $14,960,611Home equity         Fixed rate$8,731  $1,266 $23 $4 $10,024Variable rate 497,807   —  —  —  497,807Total home equity$506,538  $1,266 $23 $4 $507,831Residential real estate         Fixed rate$17,516  $6,349 $61,821 $1,047,240 $1,132,926Variable rate 153,365   870,687  2,539,037  —  3,563,089Total residential real estate$170,881  $877,036 $2,600,858 $1,047,240 $4,696,015Premium finance receivables - property & casualty         Fixed rate$8,466,546  $157,776 $— $— $8,624,322Variable rate —   —  —  —  —Total premium finance receivables - property & casualty$8,466,546  $157,776 $— $— $8,624,322Premium finance receivables - life insurance         Fixed rate$13,006  $35,884 $— $— $48,890Variable rate 9,489,973   —  —  —  9,489,973Total premium finance receivables - life insurance$9,502,979  $35,884 $— $— $9,538,863Consumer and other         Fixed rate$32,133  $7,772 $968 $836 $41,709Variable rate 93,455   —  —  —  93,455Total consumer and other$125,588  $7,772 $968 $836 $135,164          Total per category         Fixed rate$10,152,958  $7,126,563 $2,673,877 $1,140,391 $21,093,789Variable rate 32,291,180   880,502  2,539,100  —  35,710,782Total loans, net of unearned income$42,444,138  $8,007,065 $5,212,977 $1,140,391 $56,804,571Less: Existing cash flow hedging derivatives (1) (6,650,000)        Total loans repricing or maturing in one year or less, adjusted for cash flow hedging activity$35,794,138                   Variable Rate Loan Pricing by Index:         SOFR tenors (2)        $23,556,09212- month CMT (3)         8,442,458Prime         2,980,955Fed Funds         502,961Other U.S. Treasury tenors         125,663Other         102,653Total variable rate        $35,710,782
(1) Excludes cash flow hedges with future effective starting dates and those that have matured as of September 30, 2026. The $6.65 billion of cash flow hedging derivatives includes receive fixed swaps, collars and floors of which $5.70 billion were impacting the cash flows of loans indexed to one-month SOFR as of September 30, 2026.
(2) SOFR - Secured Overnight Financing Rate.
(3) CMT - Constant Maturity Treasury Rate.

Graph available at the following link: http://ml.globenewswire.com/Resource/Download/96398016-9f3a-40ae-b1ba-211e33ef84c1

TABLE 10: ALLOWANCE FOR CREDIT LOSSES

  Three Months EndedNine Months Ended  Sep 30, Jun 30, Mar 31, Dec 31, Sep 30,Sep 30, Sep 30,(Dollars in thousands)  2026   2026   2026   2025   2025  2026   2025 Allowance for credit losses at beginning of period $481,189  $471,591  $460,465  $454,586  $457,461 $460,465  $437,060 Provision for credit losses  25,879   23,134   29,594   27,588   21,768  78,607   67,965 Other adjustments  (18)  (90)  (50)  71   (88) (158)  96 Charge-offs:             Commercial  19,075   10,837   8,428   12,894   21,597  38,340   37,467 Commercial real estate  414   707   7,260   5,625   144  8,381   6,309 Home equity  —   —   —   —   27  —   138 Residential real estate  107   163   350   —   26  620   26 Premium finance receivables - property & casualty  7,361   5,403   7,431   8,354   6,860  20,195   20,320 Premium finance receivables - life insurance  —   —   —   —   18  —   30 Consumer and other  217   172   180   203   174  569   500 Total charge-offs  27,174   17,282   23,649   27,076   28,846  68,105   64,790 Recoveries:             Commercial  1,577   1,710   1,419   956   1,449  4,706   4,124 Commercial real estate  2,103   5   6   4   241  2,114   263 Home equity  12   16   303   28   104  331   350 Residential real estate  24   1   1   1   1  26   139 Premium finance receivables - property & casualty  2,435   2,076   3,437   4,275   2,459  7,948   9,281 Premium finance receivables - life insurance  —   —   —   —   —  —   — Consumer and other  26   28   65   32   37  119   98 Total recoveries  6,177   3,836   5,231   5,296   4,291  15,244   14,255 Net charge-offs  (20,997)  (13,446)  (18,418)  (21,780)  (24,555) (52,861)  (50,535)Allowance for credit losses at period end $486,053  $481,189  $471,591  $460,465  $454,586 $486,053  $454,586               Annualized net charge-offs (recoveries) by category as a percentage of its own respective category’s average:   Commercial  0.39%  0.20%  0.17%  0.29%  0.49% 0.26%  0.28%Commercial real estate  (0.05)  0.02   0.21   0.16   (0.00) 0.06   0.06 Home equity  (0.01)  (0.01)  (0.26)  (0.02)  (0.06) (0.09)  (0.06)Residential real estate  0.01   0.01   0.03   (0.00)  0.00  0.02   (0.00)Premium finance receivables - property & casualty  0.22   0.16   0.20   0.20   0.20  0.20   0.19 Premium finance receivables - life insurance  —   —   —   —   0.00  —   0.00 Consumer and other  0.41   0.42   0.35   0.47   0.40  0.39   0.43 Total loans, net of unearned income  0.15%  0.10%  0.14%  0.17%  0.19% 0.13%  0.14%              Loans at period end $56,804,571  $55,654,947  $54,071,292  $53,105,101  $52,063,482    Allowance for loan losses as a percentage of loans at period end  0.71%  0.72%  0.72%  0.71%  0.74%   Allowance for loan and unfunded lending-related commitment losses as a percentage of loans at period end  0.86   0.86   0.87   0.87   0.87    
TABLE 11: ALLOWANCE AND PROVISION FOR CREDIT LOSSES BY COMPONENT

  Three Months EndedNine Months Ended  Sep 30, Jun 30, Mar 31, Dec 31, Sep 30,Sep 30, Sep 30,(In thousands)  2026   2026   2026   2025   2025  2026   2025 Provision for loan losses - Other $19,792  $25,837  $29,836  $14,369  $19,610 $75,465  $73,043 Provision for unfunded lending-related commitments losses - Other  6,094   (2,666)  (239)  13,354   2,160  3,189   (5,017)Provision for held-to-maturity securities losses  (7)  (37)  (3)  (135)  (2) (47)  (61)Provision for credit losses $25,879  $23,134  $29,594  $27,588  $21,768 $78,607  $67,965               Allowance for loan losses $401,729  $402,952  $390,651  $379,283  $386,622    Allowance for unfunded lending-related commitments losses  84,111   78,017   80,683   80,922   67,569    Allowance for loan losses and unfunded lending-related commitments losses  485,840   480,969   471,334   460,205   454,191    Allowance for held-to-maturity securities losses  213   220   257   260   395    Allowance for credit losses $486,053  $481,189  $471,591  $460,465  $454,586    
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, 2026, June 30, 2026 and March 31, 2026.

 As of Sep 30, 2026As of Jun 30, 2026As of Mar 31, 2026(Dollars in thousands)Recorded
Investment Calculated
Allowance % of its
category’s balanceRecorded
Investment Calculated
Allowance % of its
category’s balanceRecorded
Investment Calculated
Allowance % of its
category’s balanceCommercial$18,341,765 $240,134 1.31%$18,281,311 $234,809 1.28%$17,763,221 $210,959 1.19%Commercial real estate:               Construction and development 2,678,889  66,450 2.48  2,655,665  67,343 2.54  2,323,942  74,092 3.19 Non-construction 12,281,722  142,623 1.16  11,614,942  142,605 1.23  11,838,344  150,778 1.27 Total commercial real estate$14,960,611 $209,073 1.40%$14,270,607 $209,948 1.47%$14,162,286 $224,870 1.59%Total commercial and commercial real estate$33,302,376 $449,207 1.35%$32,551,918 $444,757 1.37%$31,925,507 $435,829 1.37%Home equity 507,831  9,837 1.94  491,782  10,004 2.03  471,264  10,213 2.17 Residential real estate 4,696,015  13,619 0.29  4,542,692  13,257 0.29  4,465,166  13,081 0.29 Premium finance receivables - property & casualty 8,624,322  11,499 0.13  8,612,023  11,142 0.13  7,890,331  10,591 0.13 Premium finance receivables - life insurance 9,538,863  830 0.01  9,312,521  810 0.01  9,196,382  800 0.01 Consumer and other 135,164  848 0.63  144,011  999 0.69  122,642  820 0.67 Total loans, net of unearned income$56,804,571 $485,840 0.86%$55,654,947 $480,969 0.86%$54,071,292 $471,334 0.87%                Total core loans (1)$33,868,895 $413,833 1.22%$32,716,938 $406,752 1.24%$32,118,691 $408,892 1.27%Total niche loans (1) 22,935,676  72,007 0.31  22,938,009  74,217 0.32  21,952,601  62,442 0.28 
(1) See Table 1 for additional detail on core and niche loans.

TABLE 13: LOAN PORTFOLIO AGING

(In thousands) Sep 30, 2026 Jun 30, 2026 Mar 31, 2026 Dec 31, 2025 Sep 30, 2025Loan Balances:          Commercial          Non-accrual $85,670 $90,642 $87,750 $78,059 $66,57790+ days and still accruing  —  —  —  —  —60-89 days past due  21,825  14,851  9,996  22,952  12,19030-59 days past due  39,132  38,292  90,389  90,205  36,136Current  18,195,138  18,137,526  17,575,086  16,853,470  16,429,439Total commercial $18,341,765 $18,281,311 $17,763,221 $17,044,686 $16,544,342Commercial real estate          Non-accrual $13,013 $17,220 $16,757 $25,147 $28,20290+ days and still accruing  —  —  —  —  —60-89 days past due  17,827  14,879  17,133  19,529  14,11930-59 days past due  74,545  60,451  54,143  65,601  83,055Current  14,855,226  14,178,057  14,074,253  13,830,459  13,493,831Total commercial real estate $14,960,611 $14,270,607 $14,162,286 $13,940,736 $13,619,207Home equity          Non-accrual $1,149 $1,177 $1,142 $1,221 $1,29590+ days and still accruing  —  —  —  —  —60-89 days past due  1,085  690  463  1,112  24630-59 days past due  1,427  878  2,012  2,818  2,294Current  504,170  489,037  467,647  475,374  480,367Total home equity $507,831 $491,782 $471,264 $480,525 $484,202Residential real estate          Early buy-out loans guaranteed by U.S. government agencies (1) $143,138 $131,335 $145,225 $145,793 $124,824Non-accrual  26,218  25,910  27,360  32,862  28,94290+ days and still accruing  —  —  —  —  —60-89 days past due  5,390  3,310  129  7,562  8,82930-59 days past due  114  —  30,854  24,908  95Current  4,521,155  4,382,137  4,261,598  4,106,107  3,981,180Total residential real estate $4,696,015 $4,542,692 $4,465,166 $4,317,232 $4,143,870Premium finance receivables - property & casualty          Non-accrual $23,341 $28,061 $33,891 $29,354 $24,51290+ days and still accruing  17,093  16,003  15,823  19,115  13,00660-89 days past due  19,238  18,198  16,188  29,294  23,52730-59 days past due  33,757  25,864  47,936  57,685  38,133Current  8,530,893  8,523,897  7,776,493  8,047,968  8,267,114Total Premium finance receivables - property & casualty $8,624,322 $8,612,023 $7,890,331 $8,183,416 $8,366,292Premium finance receivables - life insurance          Non-accrual $— $— $— $— $—90+ days and still accruing  10,380  —  —  —  —60-89 days past due  536  2,908  22,690  13,887  34,01630-59 days past due  3,515  8,606  58,760  22,806  34,506Current  9,524,432  9,301,007  9,114,932  8,986,949  8,690,031Total Premium finance receivables - life insurance $9,538,863 $9,312,521 $9,196,382 $9,023,642 $8,758,553Consumer and other          Non-accrual $27 $113 $16 $8 $3890+ days and still accruing  13  145  10  42  6060-89 days past due  42  195  130  466  4930-59 days past due  251  1,253  230  643  159Current  134,831  142,305  122,256  113,705  146,710Total consumer and other $135,164 $144,011 $122,642 $114,864 $147,016Total loans, net of unearned income          Early buy-out loans guaranteed by U.S. government agencies (1) $143,138 $131,335 $145,225 $145,793 $124,824Non-accrual  149,418  163,123  166,916  166,651  149,56690+ days and still accruing  27,486  16,148  15,833  19,157  13,06660-89 days past due  65,943  55,031  66,729  94,802  92,97630-59 days past due  152,741  135,344  284,324  264,666  194,378Current  56,265,845  55,153,966  53,392,265  52,414,032  51,488,672Total loans, net of unearned income $56,804,571 $55,654,947 $54,071,292 $53,105,101 $52,063,482
(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) 2026   2026   2026   2025   2025 Loans past due greater than 90 days and still accruing:         Commercial$—  $—  $—  $—  $— Commercial real estate —   —   —   —   — Home equity —   —   —   —   — Residential real estate —   —   —   —   — Premium finance receivables - property & casualty 17,093   16,003   15,823   19,115   13,006 Premium finance receivables - life insurance 10,380   —   —   —   — Consumer and other 13   145   10   42   60 Total loans past due greater than 90 days and still accruing 27,486   16,148   15,833   19,157   13,066 Non-accrual loans:         Commercial 85,670   90,642   87,750   78,059   66,577 Commercial real estate 13,013   17,220   16,757   25,147   28,202 Home equity 1,149   1,177   1,142   1,221   1,295 Residential real estate 26,218   25,910   27,360   32,862   28,942 Premium finance receivables - property & casualty 23,341   28,061   33,891   29,354   24,512 Premium finance receivables - life insurance —   —   —   —   — Consumer and other 27   113   16   8   38 Total non-accrual loans 149,418   163,123   166,916   166,651   149,566 Total non-performing loans:         Commercial 85,670   90,642   87,750   78,059   66,577 Commercial real estate 13,013   17,220   16,757   25,147   28,202 Home equity 1,149   1,177   1,142   1,221   1,295 Residential real estate 26,218   25,910   27,360   32,862   28,942 Premium finance receivables - property & casualty 40,434   44,064   49,714   48,469   37,518 Premium finance receivables - life insurance 10,380   —   —   —   — Consumer and other 40   258   26   50   98 Total non-performing loans$176,904  $179,271  $182,749  $185,808  $162,632 Other real estate owned 16,404   15,940   17,439   20,839   24,832 Total non-performing assets$193,308  $195,211  $200,188  $206,647  $187,464 Total non-performing loans by category as a percent of its own respective category’s period-end balance:         Commercial 0.47%  0.50%  0.49%  0.46%  0.40%Commercial real estate 0.09   0.12   0.12   0.18   0.21 Home equity 0.23   0.24   0.24   0.25   0.27 Residential real estate 0.56   0.57   0.61   0.76   0.70 Premium finance receivables - property & casualty 0.47   0.51   0.63   0.59   0.45 Premium finance receivables - life insurance 0.11   —   —   —   — Consumer and other 0.03   0.18   0.02   0.04   0.07 Total loans, net of unearned income 0.31%  0.32%  0.34%  0.35%  0.31%Total non-performing assets as a percentage of total assets 0.25%  0.26%  0.28%  0.29%  0.27%Allowance for loan losses and unfunded lending-related commitments losses as a percentage of non-accrual loans 325.15%  294.85%  282.38%  276.15%  303.67%          
(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 EndedNine Months Ended Sep 30, Jun 30, Mar 31, Dec 31, Sep 30,Sep 30, Sep 30,(In thousands) 2026   2026   2026   2025   2025  2026   2025 Balance at beginning of period$179,271  $182,749  $185,808  $162,632  $188,838 $185,808  $170,823 Additions from becoming non-performing in the respective period 29,694   31,070   24,969   46,198   34,805  85,733   111,177 Return to performing status (11,423)  (1,671)  (3,663)  (2,937)  (3,399) (16,757)  (11,502)Payments received (7,568)  (19,503)  (13,780)  (13,734)  (28,052) (40,851)  (49,619)Transfer to OREO or other assets (1,582)  —   (868)  (286)  (348) (2,450)  (2,595)Charge-offs, net (18,106)  (7,860)  (10,930)  (16,998)  (21,526) (36,896)  (41,860)Net change for premium finance receivables 6,618   (5,514)  1,213   10,933   (7,686) 2,317   (13,792)Balance at end of period$176,904  $179,271  $182,749  $185,808  $162,632 $176,904  $162,632 
Other Real Estate Owned

 Three Months Ended Sep 30, Jun 30, Mar 31, Dec 31, Sep 30,(In thousands) 2026   2026   2026   2025   2025Balance at beginning of period$15,940  $17,439  $20,839  $24,832  $23,615Disposals/resolved (127)  (1,499)  (4,760)  (2,141)  —Transfers in at fair value, less costs to sell 591   —   1,360   —   1,217Fair value adjustments —   —   —   (1,852)  —Balance at end of period$16,404  $15,940  $17,439  $20,839  $24,832           Period End(In thousands)Sep 30, Jun 30, Mar 31, Dec 31, Sep 30,Balance by Property Type: 2026   2026   2026   2025   2025Residential real estate$—  $—  $—  $—  $—Commercial real estate 16,404   15,940   17,439   20,839   24,832Total$16,404  $15,940  $17,439  $20,839  $24,832
TABLE 15: NON-INTEREST INCOME

 Three Months EndedQ3 2026 compared to
Q2 2026Q3 2026 compared to
Q3 2025 Sep 30, Jun 30, Mar 31, Dec 31, Sep 30,(Dollars in thousands) 2026   2026   2026   2025   2025 $ Change % Change$ Change % ChangeBrokerage$5,144  $4,985  $5,301  $5,384  $4,426 $159  3%$718  16%Trust and asset management 35,823   34,898   36,758   33,981   32,762  925  3  3,061  9 Total wealth management 40,967   39,883   42,059   39,365   37,188  1,084  3  3,779  10 Mortgage banking 25,532   27,438   23,396   22,625   24,451  (1,906) (7) 1,081  4 Service charges on deposit accounts 22,161   21,240   20,970   20,402   19,825  921  4  2,336  12 (Losses) gains on investment securities, net (1,621)  1,845   (31)  1,505   2,972  (3,466) NM (4,593) NMFees from covered call options 4,585   4,793   4,669   5,992   5,619  (208) (4) (1,034) (18)Trading gains (losses), net 48   70   10   (257)  172  (22) (31) (124) (72)Operating lease income, net 18,447   18,804   19,154   16,365   15,466  (357) (2) 2,981  19 Other:               Interest rate swap fees 3,757   3,117   4,041   4,664   3,909  640  21  (152) (4)BOLI 846   3,216   948   1,915   1,591  (2,370) (74) (745) (47)Administrative services 1,437   1,341   1,243   1,352   1,240  96  7  197  16 Foreign currency remeasurement (losses) gains (433)  253   (368)  322   (416) (686) NM (17) 4 Changes in fair value on EBOs and loans held-for-investment (356)  (373)  (287)  (1,702)  1,452  17  5  (1,808) NMEarly pay-offs of capital leases 928   1,054   1,198   581   519  (126) (12) 409  79 Miscellaneous 19,975   18,588   17,140   17,261   16,839  1,387  7  3,136  19 Total Other 26,154   27,196   23,915   24,393   25,134  (1,042) (4) 1,020  4 Total Non-Interest Income$136,273  $141,269  $134,142  $130,390  $130,827 $(4,996) (4)%$5,446  4%  Nine Months Ended2026 compared to 2025 Sep 30, Sep 30,(Dollars in thousands) 2026   2025$ Change % ChangeBrokerage$15,430  $13,395$2,035  15%Trust and asset management 107,479   94,656 12,823  14 Total wealth management 122,909   108,051 14,858  14 Mortgage banking 76,366   68,150 8,216  12 Service charges on deposit accounts 64,371   58,689 5,682  10 Gains on investment securities, net 193   6,818 (6,625) (97)Fees from covered call options 14,047   14,689 (642) (4)Trading gains, net 128   259 (131) (51)Operating lease income, net 56,405   45,919 10,486  23 Other:      Interest rate swap fees 10,915   9,188 1,727  19 BOLI 5,010   4,644 366  8 Administrative services 4,021   3,948 73  2 Foreign currency remeasurement (losses) gains (548)  59 (607) NMChanges in fair value on EBOs and loans held-for-investment (1,016)  2,007 (3,023) NMEarly pay-offs of capital leases 3,180   1,687 1,493  89 Miscellaneous 55,703   47,442 8,261  17 Total Other 77,265   68,975 8,290  12 Total Non-Interest Income$411,684  $371,550$40,134  11%
NM - Not meaningful.
BOLI - Bank-owned life insurance.
EBO - Early buy-out.

TABLE 16: MORTGAGE BANKING

 Three Months Ended(Dollars in thousands)Sep 30,
2026 Jun 30,
2026 Mar 31,
2026 Dec 31,
2025 Sep 30,
2025Originations:         Retail originations$487,106  $660,325  $441,749  $589,139  $505,793 Veterans First originations 131,447   174,644   152,244   208,054   137,600 Total originations for sale (A)$618,553  $834,969  $593,993  $797,193  $643,393 Originations for investment 289,296   315,487   371,540   364,988   351,012 Total originations$907,849  $1,150,456  $965,533  $1,162,181  $994,405 As a percentage of originations for sale:         Retail originations 79%  79%  74%  74%  79%Veterans First originations 21   21   26   26   21 Purchases 80%  74%  52%  52%  77%Refinances 20   26   48   48   23 Production Margin:         Production revenue (B) (1)$10,902  $13,150  $13,028  $10,878  $15,388 Total originations for sale (A)$618,553  $834,969  $593,993  $797,193  $643,393 Add: Current period end mandatory interest rate lock commitments to fund originations for sale (2) 93,178   171,656   218,156   122,804   307,932 Less: Prior period end mandatory interest rate lock commitments to fund originations for sale (2) 171,656   218,156   122,804   307,932   163,664 Total mortgage production volume (C)$540,075  $788,469  $689,345  $612,065  $787,661 Production margin (B / C) 2.02%  1.67%  1.89%  1.78%  1.95%Mortgage Servicing:         Loans serviced for others (D)$12,790,822  $12,669,679  $12,534,513  $12,608,694  $12,524,131 Mortgage Servicing Rights (“MSR”), at fair value (E) 238,485   201,903   195,276   195,023   190,938 Percentage of MSRs to loans serviced for others (E / D) 1.86%  1.59%  1.56%  1.55%  1.52%Servicing income$10,678  $10,724  $10,353  $10,185  $10,112 MSR Fair Value Asset Activity         MSR - FV at Beginning of Period$201,903  $195,276  $195,023  $190,938  $193,061 MSR - Current period capitalization 7,083   8,745   6,434   9,150   5,829 MSR - Collection of expected cash flows - paydowns (1,839)  (1,684)  (1,620)  (1,550)  (1,554)MSR - Collection of expected cash flows - payoffs and repurchases (3,548)  (4,815)  (5,021)  (6,250)  (4,050)MSR - Changes in fair value model assumptions 34,886   4,381   460   2,735   (2,348)MSR Fair Value at end of period$238,485  $201,903  $195,276  $195,023  $190,938 Summary of Mortgage Banking Revenue:         Operational:         Production revenue (1)$10,902  $13,150  $13,028  $10,878  $15,388 MSR - Current period capitalization 7,083   8,745   6,434   9,150   5,829 MSR - Collection of expected cash flows - paydowns (1,839)  (1,684)  (1,620)  (1,550)  (1,554)MSR - Collection of expected cash flows - payoffs and repurchases (3,548)  (4,815)  (5,021)  (6,250)  (4,050)Servicing Income 10,678   10,724   10,353   10,185   10,112 Other Revenue (282)  72   (45)  (17)  (345)Total operational mortgage banking revenue$22,994  $26,192  $23,129  $22,396  $25,380 Fair Value:         MSR - changes in fair value model assumptions$34,886  $4,381  $460  $2,735  $(2,348)(Loss) gain on derivative contract held as an economic hedge, net (27,671)  (3,396)  (900)  (2,425)  265 Changes in FV on early buy-out loans guaranteed by US Govt held-for-sale (4,677)  261   707   (81)  1,154 Total fair value mortgage banking revenue$2,538  $1,246  $267  $229  $(929)Total mortgage banking revenue$25,532  $27,438  $23,396  $22,625  $24,451 
(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,
2026 Sep 30,
2025Originations:   Retail originations$1,589,180  $1,378,020 Veterans First originations 458,335   407,372 Total originations for sale (A)$2,047,515  $1,785,392 Originations for investment 976,323   991,115 Total originations$3,023,838  $2,776,507 As a percentage of originations for sale:   Retail originations 78%  77%Veterans First originations 22   23 Purchases 69%  76%Refinances 31   24 Production Margin:   Production revenue (B) (1)$37,080  $38,709 Total originations for sale (A)$2,047,515  $1,785,392 Add: Current period end mandatory interest rate lock commitments to fund originations for sale (2) 93,178   307,932 Less: Prior period end mandatory interest rate lock commitments to fund originations for sale (2) 122,804   103,946 Total mortgage production volume (C)$2,017,889  $1,989,378 Production margin (B / C) 1.84%  1.95%Mortgage Servicing:   Loans serviced for others (D)$12,790,822  $12,524,131 MSRs, at fair value (E) 238,485   190,938 Percentage of MSRs to loans serviced for others (E / D) 1.86%  1.52%Servicing income$31,755  $31,243 MSR Fair Value Asset Activity   MSR - FV at Beginning of Period$195,023  $203,788 MSR - Current period capitalization 22,262   16,834 MSR - Collection of expected cash flows - paydowns (5,143)  (4,660)MSR - Collection of expected cash flows - payoffs and repurchases (13,384)  (11,196)MSR - Changes in fair value model assumptions 39,727   (13,828)MSR Fair Value at end of period$238,485  $190,938 Summary of Mortgage Banking Revenue:   Operational:   Production revenue (1)$37,080  $38,709 MSR - Current period capitalization 22,262   16,834 MSR - Collection of expected cash flows - paydowns (5,143)  (4,660)MSR - Collection of expected cash flows - payoffs and repurchases (13,384)  (11,196)Servicing Income 31,755   31,243 Other Revenue (255)  (596)Total operational mortgage banking revenue$72,315  $70,334 Fair Value:   MSR - changes in fair value model assumptions$39,727  $(13,828)(Loss) gain on derivative contract held as an economic hedge, net (31,967)  7,697 Changes in FV on early buy-out loans guaranteed by US Govt held-for-sale (3,709)  3,947 Total fair value mortgage banking revenue$4,051  $(2,184)Total mortgage banking revenue$76,366  $68,150 
(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.

TABLE 17: NON-INTEREST EXPENSE

 Three Months EndedQ3 2026 compared to
Q2 2026Q3 2026 compared to
Q3 2025 Sep 30, Jun 30, Mar 31, Dec 31, Sep 30,(Dollars in thousands) 2026  2026   2026  2025   2025$ Change % Change$ Change % ChangeSalaries and employee benefits:               Salaries$128,618 $129,875  $129,086 $124,856  $124,623$(1,257) (1)%$3,995  3%Commissions and incentive compensation 61,911  62,463   57,407  57,117   56,244 (552) (1) 5,667  10 Benefits 40,023  41,751   41,954  40,584   38,801 (1,728) (4) 1,222  3 Total salaries and employee benefits 230,552  234,089   228,447  222,557   219,668 (3,537) (2) 10,884  5 Software and equipment 39,179  39,288   35,654  36,096   35,027 (109) 0  4,152  12 Operating lease equipment 11,661  11,187   10,987  11,034   10,409 474  4  1,252  12 Occupancy, net 19,548  21,153   20,566  20,105   20,809 (1,605) (8) (1,261) (6)Data processing 11,218  10,659   11,266  11,809   11,329 559  5  (111) (1)Advertising and marketing 21,806  20,432   13,218  13,792   19,027 1,374  7  2,779  15 Professional fees 10,687  9,342   7,375  8,280   7,465 1,345  14  3,222  43 Amortization of other acquisition-related intangible assets 4,686  4,921   4,958  4,999   5,196 (235) (5) (510) (10)FDIC insurance 12,138  11,796   10,990  11,061   11,418 342  3  720  6 FDIC insurance - special assessment —  (5,156)  —  (499)  — 5,156  100  —  — OREO expense, net 282  786   207  2,162   262 (504) (64) 20  8 Other:               Lending expenses, net of deferred origination costs 6,196  6,165   6,510  6,367   6,169 31  1  27  0 Travel and entertainment 6,874  6,938   5,426  7,965   6,029 (64) (1) 845  14 Miscellaneous 30,838  25,937   27,028  28,725   27,220 4,901  19  3,618  13 Total other 43,908  39,040   38,964  43,057   39,418 4,868  12  4,490  11 Total Non-Interest Expense$405,665 $397,537  $382,632 $384,453  $380,028$8,128  2%$25,637  7%  Nine Months Ended2026 compared to 2025 Sep 30, Sep 30,(Dollars in thousands) 2026   2025$ Change % ChangeSalaries and employee benefits:      Salaries$387,579  $371,714$15,865  4%Commissions and incentive compensation 181,781   164,651 17,130  10 Benefits 123,728   114,370 9,358  8 Total salaries and employee benefits 693,088   650,735 42,353  7 Software and equipment 114,121   106,266 7,855  7 Operating lease equipment 33,835   31,637 2,198  7 Occupancy, net 61,267   61,815 (548) (1)Data processing 33,143   34,713 (1,570) (5)Advertising and marketing 55,456   50,060 5,396  11 Professional fees 27,404   25,752 1,652  6 Amortization of other acquisition-related intangible assets 14,565   16,394 (1,829) (11)FDIC insurance 34,924   33,315 1,609  5 FDIC insurance - special assessment (5,156)  — (5,156) (100)OREO expense, net 1,275   1,410 (135) (10)Other:      Lending expenses, net of deferred origination costs 18,871   16,904 1,967  12 Travel and entertainment 19,238   17,325 1,913  11 Miscellaneous 83,803   81,253 2,550  3 Total other 121,912   115,482 6,430  6 Total Non-Interest Expense$1,185,834  $1,127,579$58,255  5%
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 EndedNine Months Ended Sep 30, Jun 30, Mar 31, Dec 31, Sep 30,Sep 30, Sep 30,(Dollars and shares in thousands) 2026   2026   2026   2025   2025  2026   2025 Reconciliation of Non-GAAP Net Interest Margin and Efficiency Ratio:   (A) Interest Income (GAAP)$1,002,861  $961,412  $927,560  $956,326  $963,834 $2,891,833  $2,771,707 Taxable-equivalent adjustment:            - Loans 2,151   2,111   2,026   2,134   2,154  6,288   6,560 - Liquidity Management Assets 610   630   586   661   675  1,826   2,045 - Other Earning Assets —   —   —   —   —  —   3 (B) Interest Income (non-GAAP)$1,005,622  $964,153  $930,172  $959,121  $966,663 $2,899,947  $2,780,315 (C) Interest Expense (GAAP) 381,257   364,046   348,536   372,452   396,824  1,093,839   1,131,529 (D) Net Interest Income (GAAP) (A minus C) 621,604   597,366   579,024   583,874   567,010  1,797,994   1,640,178 (E) Net Interest Income (non-GAAP) (B minus C) 624,365   600,107   581,636   586,669   569,839  1,806,108   1,648,786 Net interest margin (GAAP) 3.49%  3.50%  3.54%  3.52%  3.48% 3.51%  3.51%Net interest margin, fully taxable-equivalent (non-GAAP) 3.51   3.52   3.56   3.54   3.50  3.53   3.53 (F) Non-interest income$136,273  $141,269  $134,142  $130,390  $130,827 $411,684  $371,550 (G) (Losses) gains on investment securities, net (1,621)  1,845   (31)  1,505   2,972  193   6,818 (H) Non-interest expense 405,665   397,537   382,632   384,453   380,028  1,185,834   1,127,579 Efficiency ratio (H/(D+F-G)) 53.41%  53.96%  53.65%  53.94%  54.69% 53.67%  56.24%Efficiency ratio (non-GAAP) (H/(E+F-G)) 53.22   53.76   53.45   53.73   54.47  53.47   56.00  Three Months EndedNine Months Ended Sep 30, Jun 30, Mar 31, Dec 31, Sep 30,Sep 30, Sep 30,(Dollars and shares in thousands) 2026   2026   2026   2025   2025  2026   2025 Reconciliation of Non-GAAP Tangible Common Equity Ratio:   Total shareholders’ equity (GAAP)$7,289,546  $7,525,116  $7,378,100  $7,258,715  $7,045,757    Less: Non-convertible preferred stock (GAAP) (425,000)  (425,000)  (425,000)  (425,000)  (425,000)   Less: Acquisition-related intangible assets (GAAP) (914,694)  (885,338)  (890,698)  (895,959)  (902,936)   (I) Total tangible common shareholders’ equity (non-GAAP)$5,949,852  $6,214,778  $6,062,402  $5,937,756  $5,717,821    (J) Total assets (GAAP)$75,971,620  $74,668,135  $72,157,433  $71,142,046  $69,629,638    Less: Acquisition-related intangible assets (GAAP) (914,694)  (885,338)  (890,698)  (895,959)  (902,936)   (K) Total tangible assets (non-GAAP)$75,056,926  $73,782,797  $71,266,735  $70,246,087  $68,726,702    Common equity to assets ratio (GAAP) (L/J) 9.0%  9.5%  9.6%  9.6%  9.5%   Tangible common equity ratio (non-GAAP) (I/K) 7.9   8.4   8.5   8.5   8.3     Reconciliation of Non-GAAP Tangible Book Value per Common Share:   Total shareholders’ equity$7,289,546  $7,525,116  $7,378,100  $7,258,715  $7,045,757    Less: Non-convertible preferred stock (GAAP) (425,000)  (425,000)  (425,000)  (425,000)  (425,000)   (L) Total common equity$6,864,546  $7,100,116  $6,953,100  $6,833,715  $6,620,757    (M) Actual common shares outstanding 67,472   67,455   67,437   66,975   66,961    Book value per common share (L/M)$101.74  $105.26  $103.10  $102.03  $98.87    Tangible book value per common share (non-GAAP) (I/M) 88.18   92.13   89.90   88.66   85.39                 Reconciliation of Non-GAAP Return on Average Tangible Common Equity:   (N) Net income applicable to common shares$230,687  $225,326  $219,021  $214,657  $188,913 $675,034  $559,497 Add: Acquisition-related intangible asset amortization 4,686   4,921   4,958   4,999   5,196  14,565   16,394 Less: Tax effect of acquisition-related intangible asset amortization (1,251)  (1,304)  (1,210)  (1,310)  (1,403) (3,772)  (4,328)After-tax Acquisition-related intangible asset amortization$3,435  $3,617  $3,748  $3,689  $3,793 $10,793  $12,066 (O) Tangible net income applicable to common shares (non-GAAP)$234,122  $228,943  $222,769  $218,346  $192,706 $685,827  $571,563 Total average shareholders’ equity$7,558,263  $7,474,449  $7,387,713  $7,166,608  $6,955,543 $7,474,100  $6,761,319 Less: Average preferred stock (425,000)  (425,000)  (425,000)  (425,000)  (483,288) (425,000)  (498,626)(P) Total average common shareholders’ equity$7,133,263  $7,049,449  $6,962,713  $6,741,608  $6,472,255 $7,049,100  $6,262,693 Less: Average acquisition-related intangible assets (895,137)  (889,059)  (894,211)  (901,022)  (906,032) (892,805)  (910,972)(Q) Total average tangible common shareholders’ equity (non-GAAP)$6,238,126  $6,160,390  $6,068,502  $5,840,586  $5,566,223 $6,156,295  $5,351,721 Return on average common equity, annualized (N/P) 12.83%  12.82%  12.76%  12.63%  11.58% 12.80%  11.94%Return on average tangible common equity, annualized (non-GAAP) (O/Q) 14.89   14.91   14.89   14.83   13.74  14.89   14.28              Reconciliation of Non-GAAP Pre-Tax, Pre-Provision Income:     Income before taxes$326,333  $317,964  $300,940  $302,223  $296,041 $945,237  $816,184 Add: Provision for credit losses 25,879   23,134   29,594   27,588   21,768  78,607   67,965 Pre-tax income, excluding provision for credit losses (non-GAAP)$352,212  $341,098  $330,534  $329,811  $317,809 $1,023,844  $884,149   Three Months EndedNine 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) 2026  2026  2026  2025  2025 2026  2025Reconciliation of Non-GAAP Net Income per Common Share:     Net income$239,054 $233,693 $227,388 $223,024 $216,254$700,135 $600,820Preferred stock dividends 8,367  8,367  8,367  8,367  13,295 25,101  27,277Preferred stock redemption —  —  —  —  14,046 —  14,046(R) Net income applicable to common shares$230,687 $225,326 $219,021 $214,657 $188,913$675,034 $559,497(S) Weighted average common shares outstanding 67,467  67,434  67,246  66,970  66,952 67,383  66,871Dilutive potential common shares 911  852  851  1,143  1,028 876  945(T) Average common shares and dilutive common shares 68,378  68,286  68,097  68,113  67,980 68,259  67,816Net income per common share - Basic (R/S)$3.42 $3.34 $3.26 $3.21 $2.82$10.02 $8.37Net income per common share - Diluted (R/T)$3.37 $3.30 $3.22 $3.15 $2.78$9.89 $8.25Preferred stock series F excess one-time extended first dividend$— $— $— $— $4,927$— $4,927Preferred stock redemption —  —  —  —  14,046 —  14,046(U) Total non-recurring preferred stock offering impact (non-GAAP)$— $— $— $— $18,973$— $18,973Net income per common share - Basic (non-GAAP) (R+U)/S$3.42 $3.34 $3.26 $3.21 $3.11$10.02 $8.65Net income per common share - Diluted (non-GAAP) (R+U)/T$3.37 $3.30 $3.22 $3.15 $3.06$9.89 $8.53
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 property and casualty and life insurance loan customers, respectively, throughout the United States.First Insurance Funding of Canada serves property and casualty 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 2025 Annual Report on Form 10-K and in any of the Company’s subsequent Securities and Exchange Commission 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 and uncertainties, 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 or armed hostilities;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; andwidespread 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 any forward-looking statement. 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 20, 2026 at 10:00 a.m. (CDT) regarding third quarter and year-to-date 2026 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 30, 2026 available at the Investor Relations, News and Events, News 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, News and Events, Events and Presentations link. The text of the third quarter and year-to-date 2026 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, News and Events, News link on its website.

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 (NASDAQ:WTFC) will release earnings for its third quarter after the closing bell on Monday, Oct. 19.

Wintrust Financial (NASDAQ:WTFC – Get Free Report) is expected to post its Q3 2026 results after the market closes on Monday, October 19th. Analysts expect Wintrust Financial to post earnings of $3.31 per share and revenue of $754.99 million for the quarter. Parties can find conference call details on the company’s upcoming Q3 2026 earnings report page for the latest details on the call scheduled for Tuesday, October 20, 2026 at 11:00 AM ET.

Wintrust Financial (NASDAQ:WTFC – Get Free Report) last posted its earnings results on Monday, July 20th. The bank reported $3.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.15 by $0.15. The business had revenue of $738.63 million during the quarter, compared to analysts’ expectations of $735.36 million. Wintrust Financial had a return on equity of 13.37% and a net margin of 20.72%. Wintrust Financial’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period in the prior year, the business earned $2.78 EPS. On average, analysts expect Wintrust Financial to post $13.12 EPS for the current fiscal year and $13.89 EPS for the next fiscal year.

Wintrust Financial Price Performance Wintrust Financial stock opened at $143.25 on Monday. The stock has a market capitalization of $9.67 billion, a PE ratio of 11.51 and a beta of 0.89. Wintrust Financial has a twelve month low of $119.61 and a twelve month high of $167.21. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.62. The company has a 50 day moving average of $151.67 and a 200-day moving average of $151.94.

Wintrust Financial Announces Dividend The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Thursday, August 6th were issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Thursday, August 6th. Wintrust Financial’s dividend payout ratio (DPR) is presently 17.67%. Analyst Upgrades and Downgrades Several equities research analysts recently commented on the stock. Wall Street Zen raised shares of Wintrust Financial from a “sell” rating to a “hold” rating in a research report on Saturday, September 26th. Piper Sandler increased their target price on Wintrust Financial from $186.00 to $195.00 and gave the stock an “overweight” rating in a report on Monday, October 5th. Citigroup cut Wintrust Financial from a “buy” rating to a “hold” rating in a report on Tuesday, July 21st. UBS Group reissued a “neutral” rating and issued a $170.00 price target on shares of Wintrust Financial in a research note on Tuesday, July 7th. Finally, Barclays cut their price target on Wintrust Financial from $192.00 to $190.00 and set an “overweight” rating on the stock in a report on Monday, October 5th. Nine equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $176.29.

Check Out Our Latest Research Report on WTFC

Insider Buying and Selling at Wintrust Financial In related news, COO David Dykstra sold 13,515 shares of the business’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $162.77, for a total transaction of $2,199,836.55. Following the transaction, the chief operating officer directly owned 166,449 shares in the company, valued at approximately $27,092,903.73. The trade was a 7.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.24% of the company’s stock.

(Get Free Report)

Wintrust Financial Corporation (NASDAQ: WTFC) is a financial holding company headquartered in Rosemont, Illinois. Founded in 1991, the company operates a network of community banks serving individuals, families and businesses primarily in the Chicago metropolitan area, southern Wisconsin and northwest Indiana.

Wintrust’s banking subsidiaries provide deposit accounts, commercial and consumer lending, residential mortgages, treasury management, trust and investment services, and other traditional banking products.

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 | Source: Wintrust Financial Corporation

ROSEMONT, Ill., Sept. 30, 2026 (GLOBE NEWSWIRE) -- Wintrust Financial Corporation ("Wintrust") (Nasdaq: WTFC) today announced it will release third quarter and year-to-date 2026 earnings results after the market closes on Monday, October 19, 2026, and host a conference call on Tuesday, October 20, 2026, at 10:00 a.m. CDT. 

For individuals wanting to listen to a simultaneous audio-only web cast, this may be accessed at Webcast Link.

Individuals interested in participating in the call by addressing questions to management should register for the call at Conference Call Link to receive a dial-in number and unique PIN to access the call seamlessly. It is recommended that you join 10 minutes prior to the event start (although you may register and dial in at any time during the call).

An accompanying slide presentation will be available on the Company’s website at www.wintrust.com, Investor Relations link.

A replay of the audio-only webcast and an accompanying slide presentation will subsequently be available at www.wintrust.com, Investor Relations, News & Events, Events & Presentations link.   The text of the third quarter and year-to-date 2026 earnings release will be available at www.wintrust.com, Investor Relations, News & Events, News link.

About Wintrust

Wintrust is a financial holding company with approximately $75 billion in assets whose common stock is traded on the NASDAQ Global Select Market. Guided by its “Different Approach, Better Results” philosophy, Wintrust offers the sophisticated resources of a large bank while providing a community banking experience to each customer. Wintrust operates more than 200 retail banking locations through 16 community bank subsidiaries in the greater Chicago, southern Wisconsin, west Michigan, northwest Indiana, and southwest Florida market areas. In addition, Wintrust operates various non-bank business units, providing residential mortgage origination, wealth management, commercial and life insurance premium financing, short-term accounts receivable financing/outsourced administrative services to the temporary staffing services industry, and qualified intermediary services for tax-deferred exchanges. For more information, please visit www.wintrust.com.

Forward-Looking Information

This press release contains forward-looking statements within the meaning of the federal securities laws. Investors are cautioned that such statements are predictions and that actual events or results may differ materially. Wintrust's expected financial results or other plans are subject to a number of risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" and the forward-looking statement disclosure contained in Wintrust's Annual Report on Form 10-K for the most recently ended fiscal year and in Wintrust’s subsequent Quarterly Reports on Form 10-Q. Forward-looking statements speak only as of the date made and Wintrust undertakes no duty to update the information.

FOR MORE INFORMATION CONTACT:
David A. Dykstra, Vice Chairman & Chief Operating Officer
(847) 939-9000
Amy Yuhn, Executive Vice President, Communications
(847) 939-9591
Website address: www.wintrust.com

Wintrust Financial Corporation (WTFC) maintains a soft ‘buy' rating, supported by robust growth and strong asset quality despite fair valuation. WTFC's deposits rose to $61.14B and loans to $55.25B, with low brokered deposit exposure and notable premium finance receivables. Net interest income and non-interest income both increased, driving net profit to $225.3M in Q2 2026, with asset quality metrics well above peers.

Wintrust Financial Corporation is rated HOLD after reporting modest low single-digit earnings growth for 2Q26. WTFC trades at a 1.7x price/tangible book premium, with a 1.4% dividend yield and no share buybacks, making it less attractive than peers. Bolt-on acquisitions, such as the $1.2B AUM guardianship business from NTRS, and C&I loan growth are key strategic drivers.

Bank of New York Mellon Corp bought a new position in shares of Wintrust Financial Corporation (NASDAQ: WTFC) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 574,854 shares of the bank's stock, valued at approximately $92,391,000. Bank of New

Advisors Capital Management LLC acquired a new stake in shares of Wintrust Financial Corporation (NASDAQ:WTFC – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 20,654 shares of the bank’s stock, valued at approximately $3,320,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. BlackRock Inc. acquired a new position in shares of Wintrust Financial in the second quarter valued at approximately $1,058,088,000. First Trust Advisors LP raised its holdings in shares of Wintrust Financial by 26.6% during the first quarter. First Trust Advisors LP now owns 1,830,268 shares of the bank’s stock worth $254,297,000 after acquiring an additional 385,069 shares during the period. Geode Capital Management LLC lifted its position in Wintrust Financial by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 1,273,042 shares of the bank’s stock valued at $178,038,000 after acquiring an additional 16,997 shares in the last quarter. Bank of America Corp DE lifted its position in Wintrust Financial by 1.4% in the 3rd quarter. Bank of America Corp DE now owns 1,071,763 shares of the bank’s stock valued at $141,944,000 after acquiring an additional 15,044 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in Wintrust Financial by 22.2% in the 4th quarter. Wellington Management Group LLP now owns 832,352 shares of the bank’s stock worth $116,379,000 after purchasing an additional 151,385 shares during the period. 93.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes Several analysts have issued reports on WTFC shares. Barclays lifted their price target on Wintrust Financial from $190.00 to $192.00 and gave the company an “overweight” rating in a research note on Tuesday, July 7th. DA Davidson increased their price objective on Wintrust Financial from $185.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. UBS Group reissued a “neutral” rating and issued a $170.00 target price on shares of Wintrust Financial in a research report on Tuesday, July 7th. TD Cowen cut their target price on Wintrust Financial from $184.00 to $183.00 and set a “buy” rating on the stock in a research note on Wednesday, July 22nd. Finally, Brean Capital downgraded Wintrust Financial from a “buy” rating to a “neutral” rating and set a $170.00 price target for the company. in a research report on Tuesday, July 21st. Nine analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $177.77.

Check Out Our Latest Analysis on WTFC Insider Transactions at Wintrust Financial In other Wintrust Financial news, COO David A. Dykstra sold 13,515 shares of Wintrust Financial stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $162.77, for a total value of $2,199,836.55. Following the completion of the transaction, the chief operating officer directly owned 166,449 shares of the company’s stock, valued at $27,092,903.73. The trade was a 7.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.24% of the stock is owned by corporate insiders.

Wintrust Financial Price Performance Shares of NASDAQ WTFC opened at $152.67 on Friday. The firm has a market cap of $10.30 billion, a P/E ratio of 12.26 and a beta of 0.85. The business’s 50 day moving average is $159.79 and its 200-day moving average is $151.32. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.62. Wintrust Financial Corporation has a 1-year low of $119.61 and a 1-year high of $167.21.

Wintrust Financial (NASDAQ:WTFC – Get Free Report) last issued its quarterly earnings data on Monday, July 20th. The bank reported $3.30 EPS for the quarter, beating analysts’ consensus estimates of $3.15 by $0.15. The firm had revenue of $738.63 million for the quarter, compared to analyst estimates of $735.36 million. Wintrust Financial had a return on equity of 13.37% and a net margin of 20.72%.The company’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same period in the prior year, the firm posted $2.78 EPS. Equities research analysts predict that Wintrust Financial Corporation will post 13.04 earnings per share for the current year.

Wintrust Financial Dividend Announcement The business also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Thursday, August 6th were paid a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Thursday, August 6th. Wintrust Financial’s payout ratio is 17.67%.

(Free Report)

Wintrust Financial Corporation is a Chicago‐area bank holding company headquartered in Rosemont, Illinois. Through its primary subsidiary, Wintrust Bank, the company operates a network of community banks serving metropolitan Chicago and select markets in southeastern Wisconsin. These locally branded banks provide personalized commercial and consumer banking solutions tailored to small and mid‐size businesses, professionals, and individual clients.

The firm’s core offerings include deposit products, commercial and residential lending, treasury management, and mortgage banking services.

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Wintrust Financial Today

WTFC

Wintrust Financial

$158.88 +0.22 (+0.14%)

As of 07/27/2026 04:00 PM Eastern

52-Week Range$119.61▼

$167.21Dividend Yield1.38%

P/E Ratio12.76

Price Target$177.77

Wintrust Financial NASDAQ: WTFC just posted a record quarter with strong loan and deposit growth. Being a mid-sized regional banking company, Wintrust doesn’t get the attention of money-center banks, but maybe that’s why now could be a good time to take notice.

Over the years, the Illinois-based company has quietly built a regional banking franchise that blends traditional community banking with specialty finance, wealth management, and other fee-based businesses. With a series of multistate subsidiaries in Illinois, Wisconsin, and Indiana, the banking company appears to have room to grow.

Get Wintrust Financial alerts:

The question for investors is valuation: How much are they willing to pay for a bank that’s executing well in an industry that can turn quickly?

Record Earnings Put Wintrust’s Core Growth in FocusWintrust’s second-quarter results showed a continuing streak of record profitability into the middle of this year.

Revenue rose 10% year-over-year in the three months to $738.6 million, above analysts’ expectations. Adjusted earnings per share came in at $3.30, also comfortably ahead of the $3.15 analysts had expected.

Second-quarter net income hit a record $233.7 million, total loans climbed to $55.7 billion, total deposits reached $61.1 billion, and tangible book value per share rose to $92.13, up from $81.86 a year earlier.

Inside the numbers, net interest income rose 9.3% year over year to $ 597.4 million, while the net interest margin held roughly steady at 3.5%.

The numbers are compelling, as the results continued a string of increasingly higher net income, loans, and deposits. By June 30, the company had $74.7 billion in assets, up from about $23 billion a decade ago.

Strong Results Have Raised the Valuation BarThe stock valuation question already incorporates the company’s proven execution. Wintrust is large enough to compete within multiple Chicago-area markets and specialty-finance niches. At the same time, it’s focused enough to avoid playing as another generic national bank.

Its blend of business has allowed it to grow without apparently wrestling with worries over deposit pricing, commercial real estate, and slowing loan demand.

While its share price has pulled back occasionally in recent years, mostly in line with the banking sector as a whole, the stock is up 127% over the past five years and more than 14% year to date.

Shares slid slightly after the company announced second-quarter earnings on July 20 as it showed a slight compression of its net interest margin, down four basis points from the previous quarter, and slightly higher expenses in some segments.

Although hitting investor sentiment, the fluctuation did not necessarily signal a trend, and some sell-on-the-news was likely at play in the stock decline.

Analysts Remain Constructive After the Record QuarterWintrust Financial Stock Forecast Today12-Month Stock Price Forecast:
$177.77
11.89% Upside

Moderate Buy
Based on 13 Analyst Ratings

Current Price$158.88High Forecast$192.00Average Forecast$177.77Low Forecast$160.00Wintrust Financial Stock Forecast Details

Overall, of the 13 analysts tracking the company, the consensus rating is a Moderate Buy, with nine analysts recommending Buy and four analysts suggesting Hold.

The average price target looking ahead 12 months is $177.77, an upside of 12% from current levels. The highest price target is $192, while the lowest price target is $160.

While not a dramatic gap between current and future levels, the stock has a history of tracking the markets while reflecting growth on its own. Rather than a turnaround story or an outlier, the company is a regional lender with a share value that has earned investor respect. The bank’s strong price-to-tangible book value shows that investors have already priced much of its high performance into the shares.

For investors, Wintrust also carries an annual dividend of $2.20 per share, not an exciting payout, but at a yield of 1.39%, it’s a respectable and consistent showing. After 12 years of annual increases, the payout ratio of just 17.67% seems both conservative and reliable.

Wintrust Still Faces the Usual Regional Bank RisksEven a steady grower like Wintrust is not without risk. The biggest threat, like with similar regional banks, is that credit and funding conditions can shift faster than investors expect. Wintrust's current numbers look strong, but banking is cyclical, and rates, consumer appetite, real estate, and other macroeconomic issues can change quickly.

Competition adds another layer of pressure. Bank of Montreal NYSE: BMO, Fifth Third Bancorp NASDAQ: FITB, U.S. Bancorp NYSE: USB, Huntington Bancshares NASDAQ: HBAN are just some of the other banking companies in the region.

Wintrust Offers Growth, Income and ExecutionEven accounting for those risks, Wintrust has advantages that many regional peers lack: record recent earnings, strong loan and deposit growth, a stable margin, rising book value, and a modest but growing dividend. The bank is both expanding and returning capital to shareholders.

The usual caveats come with any bank stock. But investors seeking a dividend stock with a bit of growth attached, or value stocks with a strong underlying franchise, might want to place Wintrust on their overall income-and-growth watchlist heading into the second half of the year.

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Posted by Defense World Staff on Jul 23rd, 2026

California Public Employees Retirement System raised its stake in shares of Wintrust Financial Corporation (NASDAQ:WTFC – Free Report) by 20.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 156,063 shares of the bank’s stock after buying an additional 26,070 shares during the period. California Public Employees Retirement System owned about 0.23% of Wintrust Financial worth $21,683,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Choreo LLC boosted its position in Wintrust Financial by 3.4% during the fourth quarter. Choreo LLC now owns 2,121 shares of the bank’s stock valued at $299,000 after purchasing an additional 69 shares during the last quarter. MeadowBrook Investment Advisors LLC lifted its holdings in shares of Wintrust Financial by 3.0% during the 1st quarter. MeadowBrook Investment Advisors LLC now owns 2,545 shares of the bank’s stock valued at $354,000 after buying an additional 75 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Wintrust Financial by 4.6% during the 4th quarter. GAMMA Investing LLC now owns 1,755 shares of the bank’s stock valued at $245,000 after buying an additional 77 shares during the last quarter. Quadrant Capital Group LLC grew its stake in shares of Wintrust Financial by 0.9% in the 4th quarter. Quadrant Capital Group LLC now owns 8,914 shares of the bank’s stock valued at $1,246,000 after buying an additional 83 shares in the last quarter. Finally, Cresset Asset Management LLC increased its holdings in Wintrust Financial by 2.4% in the third quarter. Cresset Asset Management LLC now owns 3,730 shares of the bank’s stock worth $494,000 after buying an additional 88 shares during the last quarter. 93.48% of the stock is owned by institutional investors and hedge funds.

Wintrust Financial News Roundup Here are the key news stories impacting Wintrust Financial this week:

Positive Sentiment: DA Davidson raised its price target on Wintrust Financial from $185 to $190 and kept a Buy rating, citing continued upside potential and a higher valuation view. Transcript: Wintrust Financial Q2 2026 Earnings Conference Call Positive Sentiment: Wintrust reported solid Q2 2026 results, with record net income and earnings of $3.30 per share, topping estimates and showing strong loan and deposit growth. Wintrust Financial Corp (WTFC) Q2 2026 Earnings Call Highlights: Record Net Income and Robust Growth Neutral Sentiment: TD Cowen lowered its price target slightly from $184 to $183 but reiterated a Buy rating, suggesting the stock still has meaningful upside from current levels. Benzinga report on TD Cowen target change Neutral Sentiment: Brean Capital cut the stock to Neutral from Buy on valuation concerns, offsetting some of the optimism from other analysts. Wintrust Financial cut to Neutral at Brean Capital on valuation Negative Sentiment: Investors may also be focused on margin pressure: net interest margin slipped sequentially, which can weigh on bank valuations even when earnings are strong. Why Wintrust Financial (WTFC) Stock Is Down Today Wintrust Financial Stock Down 0.3% Shares of WTFC stock opened at $158.53 on Thursday. Wintrust Financial Corporation has a 12 month low of $119.61 and a 12 month high of $167.21. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.62. The firm has a market cap of $10.69 billion, a PE ratio of 12.73 and a beta of 0.84. The stock has a 50 day moving average of $155.94 and a 200-day moving average of $149.33.

Wintrust Financial (NASDAQ:WTFC – Get Free Report) last posted its quarterly earnings results on Monday, July 20th. The bank reported $3.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.15 by $0.15. Wintrust Financial had a net margin of 20.72% and a return on equity of 13.37%. The company had revenue of $738.63 million for the quarter, compared to analyst estimates of $735.36 million. During the same period last year, the business posted $2.78 EPS. The business’s quarterly revenue was up 10.1% on a year-over-year basis. On average, equities analysts predict that Wintrust Financial Corporation will post 13 EPS for the current year.

Analyst Ratings Changes Several analysts have commented on the stock. Barclays boosted their target price on shares of Wintrust Financial from $190.00 to $192.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 7th. Stephens initiated coverage on shares of Wintrust Financial in a report on Friday, March 27th. They issued an “equal weight” rating and a $160.00 price objective for the company. UBS Group restated a “neutral” rating and set a $170.00 target price on shares of Wintrust Financial in a report on Tuesday, July 7th. TD Cowen decreased their price target on Wintrust Financial from $184.00 to $183.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Wintrust Financial in a research note on Monday, June 29th. Nine analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $177.77.

Get Our Latest Analysis on WTFC

Insider Buying and Selling at Wintrust Financial In other news, Director Suzet M. Mckinney sold 500 shares of Wintrust Financial stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $148.96, for a total transaction of $74,480.00. Following the sale, the director directly owned 3,303 shares in the company, valued at approximately $492,014.88. The trade was a 13.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO David A. Dykstra sold 9,579 shares of the stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $148.82, for a total transaction of $1,425,546.78. Following the completion of the transaction, the chief operating officer directly owned 179,810 shares of the company’s stock, valued at $26,759,324.20. This trade represents a 5.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.24% of the stock is owned by company insiders.

About Wintrust Financial (Free Report)

Wintrust Financial Corporation is a Chicago‐area bank holding company headquartered in Rosemont, Illinois. Through its primary subsidiary, Wintrust Bank, the company operates a network of community banks serving metropolitan Chicago and select markets in southeastern Wisconsin. These locally branded banks provide personalized commercial and consumer banking solutions tailored to small and mid‐size businesses, professionals, and individual clients.

The firm’s core offerings include deposit products, commercial and residential lending, treasury management, and mortgage banking services.

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The top-rated strong-buy stocks on Marketbeat’s radarWintrust Financial NASDAQ: WTFC reported what management described as a “very strong, straightforward quarter,” with record net income, broad-based loan growth, strong deposit inflows and stable credit quality in the second quarter of 2026.

President and CEO Tim Crane said the quarter marked Wintrust’s sixth consecutive record quarter of net income. The company reported second-quarter net income of $233.7 million, up from just over $227 million in the first quarter. Year-to-date net income was $461 million, up 20% from the same period last year.

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Crane said the results reflected Wintrust’s focus on three strategic priorities: delivering a differentiated customer experience, generating disciplined growth and investing for the future. He said the company’s growth during the quarter was entirely organic, adding that Wintrust continued to gain market share “one client, one relationship at a time.”

Deposits and Loans Grow Sharply Vice Chairman and Chief Operating Officer Dave Dykstra said deposits increased by approximately $2.2 billion during the quarter, representing a 15% annualized increase from the prior quarter. That growth funded loan growth of approximately $1.6 billion, or 12% annualized.

Dykstra said interest-bearing deposit costs were flat from the prior quarter at 2.74%, despite the significant increase in deposits. Loan yields declined seven basis points to 6.07%, primarily due to repricing in the commercial insurance premium finance portfolio and modest spread compression from competitive market pressures.

Crane said deposit growth was helped by municipal seasonality, commercial growth and retail growth. He said Wintrust expects strong deposit growth in the second half of the year, though not at the same level as the second quarter. He also said pricing in the market remains “relatively rational.”

Vice Chairman and Chief Lending Officer Richard Murphy said loan growth was broad-based, with every lending segment posting positive growth. The first insurance funding portfolio grew $722 million, while commercial loans increased $518 million, supported by production in asset-based lending and leasing. Commercial real estate loans rose $108 million, and the Wintrust Life Finance portfolio grew by $116 million.

Net Interest Margin Remains Stable Net interest income improved by $18.3 million from the first quarter, Dykstra said, helped by a $2.1 billion increase in average earning assets. That benefit was partially offset by a four-basis-point decline in net interest margin.

The net interest margin was 3.52% in the second quarter. Dykstra said the margin has ranged from 3.50% to 3.59% over the past 10 quarters, demonstrating stability. Management continues to expect the margin to remain within a few basis points of 3.50%.

Dykstra said competitive pressure was not dramatic but was visible in some commercial, commercial real estate and premium finance transactions. He said Wintrust is declining deals where pricing does not meet its standards, particularly larger premium finance loans priced “awfully thin.”

Crane said the company expects solid net interest income growth and good operating leverage regardless of the precise margin level.

Expenses Rise, but Management Points to Operating Leverage Non-interest income totaled $141.3 million in the second quarter, up from $134.1 million in the first quarter. Dykstra said the increase was primarily driven by a $4 million improvement in mortgage banking revenue, about $2 million in higher bank-owned life insurance income and approximately $1.8 million more in securities gains.

However, Dykstra cautioned that those items can be volatile and may not recur at the same level in the third quarter. He said the company currently expects mortgage revenue to fall back into the low $20 million range as homebuying seasonality subsides.

Non-interest expense rose to $397.5 million from $382.6 million in the prior quarter. Dykstra attributed the increase to several factors, including the full-quarter effect of annual merit increases, higher mortgage-related commissions, higher deferred compensation expense related to BOLI and a seasonal increase in advertising and marketing tied to sports sponsorships and summer community events.

Those increases were partially offset by a $5.2 million reversal of accrued FDIC assessment expense related to a final true-up of the special assessment imposed after two bank failures in 2023. Dykstra said Wintrust remains on track for mid-single-digit expense growth in 2026 compared with 2025.

Credit Quality Remains Stable Murphy said Wintrust continued to see strong credit performance across its portfolio. Non-performing loans decreased to $179.3 million, or 0.32% of loans, from $182.7 million, or 0.34%, in the prior quarter. Charge-offs declined to 10 basis points from 14 basis points.

Murphy said the figures reflect a stable credit environment and Wintrust’s focus on identifying problem credits early and charging them down where appropriate.

The company continues to closely monitor its commercial real estate exposure, which represents roughly one-quarter of the total loan portfolio. Murphy said CRE non-performing loans remained unchanged from the first quarter at 0.12%, while CRE charge-offs remained at historically low levels.

Wintrust’s CRE office exposure stood at $1.6 billion, or 11.3% of the total CRE portfolio and 2.9% of total loans. Murphy said the company performs quarterly deep-dive reviews of the office portfolio and that the most recent analysis showed results consistent with prior quarters.

Branch Expansion and Wealth Management Investment Crane said Wintrust plans to open several branches during the remainder of the year. New locations in Chicago’s Lakeview neighborhood and in Montgomery and Elk Grove Village, Illinois, are expected to open in the coming weeks, with additional locations later in the quarter, including three in Northwest Indiana.

Crane also highlighted Wintrust’s July 6 announcement that it intends to purchase Northern Trust’s guardianship services business. He described the transaction as a “good bolt-on acquisition” for Wintrust’s wealth management business and said it is expected to close later this year.

Management said Wintrust is also continuing to invest in digital banking, with new consumer and business features expected in the third quarter. Crane said those investments are intended to support the company’s customer experience and long-term growth.

Looking ahead, Crane said Wintrust’s targets remain unchanged: mid- to high-single-digit loan growth, deposit growth sufficient to largely fund loan growth, well-managed expenses, stable credit performance and rising CET1 and other capital ratios in coming quarters.

About Wintrust Financial (NASDAQ:WTFC)Wintrust Financial Corporation is a Chicago‐area bank holding company headquartered in Rosemont, Illinois. Through its primary subsidiary, Wintrust Bank, the company operates a network of community banks serving metropolitan Chicago and select markets in southeastern Wisconsin. These locally branded banks provide personalized commercial and consumer banking solutions tailored to small and mid‐size businesses, professionals, and individual clients.

The firm's core offerings include deposit products, commercial and residential lending, treasury management, and mortgage banking services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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Wintrust Financial (WTFC - Free Report) came out with quarterly earnings of $3.3 per share, beating the Zacks Consensus Estimate of $3.15 per share. This compares to earnings of $2.78 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +4.76%. A quarter ago, it was expected that this bank holding company would post earnings of $2.96 per share when it actually produced earnings of $3.22, delivering a surprise of +8.78%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

Wintrust, which belongs to the Zacks Banks - Midwest industry, posted revenues of $741.38 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 0.57%. This compares to year-ago revenues of $670.78 million. The company has topped consensus revenue estimates four times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Wintrust shares have added about 17.5% since the beginning of the year versus the S&P 500's gain of 8.9%.

What's Next for Wintrust?While Wintrust has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Wintrust was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $3.29 on $756.33 million in revenues for the coming quarter and $13.03 on $2.97 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Midwest is currently in the top 32% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Another stock from the same industry, 1st Source (SRCE - Free Report) , has yet to report results for the quarter ended June 2026. The results are expected to be released on July 23.

This holding company for 1st Source Bank is expected to post quarterly earnings of $1.71 per share in its upcoming report, which represents a year-over-year change of +13.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

1st Source's revenues are expected to be $115.2 million, up 6.4% from the year-ago quarter.

ROSEMONT, Ill., July 20, 2026 (GLOBE NEWSWIRE) -- Wintrust Financial Corporation (“Wintrust”, “the Company”, “we” or “our”) (Nasdaq: WTFC) announced record net income of $461.1 million, or $6.52 per diluted common share, for the first six months of 2026 compared to net income of $384.6 million, or $5.47 per diluted common share, for the same period of 2025. This represents a year-to-date net income increase of 20% compared to the same period of 2025. Pre-tax, pre-provision income (non-GAAP) for the first six months of the year totaled a record $671.6 million, compared to $566.3 million for the first six months of 2025.

The Company reported record quarterly net income of $233.7 million, or $3.30 per diluted common share, for the second quarter of 2026, compared to net income of $227.4 million, or $3.22 per diluted common share, for the first quarter of 2026. Pre-tax, pre-provision income (non-GAAP) for the second quarter of 2026 totaled a record $341.1 million, as compared to $330.5 million for the first quarter of 2026.

Timothy S. Crane, President and Chief Executive Officer, commented, “We are pleased to deliver record results for the first six months of the year. Second quarter 2026 represents the sixth consecutive quarter of record net income for the Company. Strong diversified loan growth funded by robust organic deposit growth highlights the underlying strength of our business model. We continue to leverage our customer relationships and unique market positioning to grow the balance sheet and create long term franchise value.”

Additionally, Mr. Crane noted, “Net interest margin in the second quarter remained within our expected range at 3.52% and we generated record net interest income attributable to strong average earning asset growth. Building on our momentum, we believe consistent balance sheet growth, coupled with a stable net interest margin, should result in net interest income expansion in future quarters.”

Highlights of the second quarter of 2026:
Comparative information to the first quarter of 2026, unless otherwise noted

Total loans increased by $1.6 billion, or 12% annualized.Total deposits increased by $2.2 billion, or 15% annualized.Total assets increased by $2.5 billion, or 14% annualized.Net interest income increased to $597.4 million in the second quarter of 2026, compared to $579.0 million in the first quarter of 2026, driven by robust average earning asset growth. Net interest margin decreased to 3.50% (3.52% on a fully taxable-equivalent basis, non-GAAP) during the second quarter of 2026 primarily due to lower loan yields. Non-interest expense was impacted by the following: A $5.2 million reversal of an FDIC special assessment accrued in the first quarter of 2024. The special assessments were in response to certain bank failures in 2023 and the reversal is based on the FDIC's final determination of losses to its Deposit Insurance Fund. Provision for credit losses totaled $23.1 million in the second quarter of 2026, compared to a provision for credit losses of $29.6 million in the first quarter of 2026.Net charge-offs totaled $13.4 million, or 10 basis points of average total loans on an annualized basis, in the second quarter of 2026 down from $18.4 million, or 14 basis points of average total loans on an annualized basis, in the first quarter of 2026.Non-performing loans totaled $179.3 million and comprised 0.32% of total loans at June 30, 2026, as compared to $182.7 million and 0.34% of total loans at March 31, 2026. “Looking ahead, our pipelines remain strong and we believe we are well-positioned to generate consistent balance sheet growth while maintaining our disciplined underwriting standards. We remain committed to growing net interest income and exercising prudent expense management, which position us to deliver positive operating leverage for 2026”, Mr. Crane said.

The graphs shown on pages 3-7 illustrate certain financial highlights of the second quarter of 2026 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.

Graphs available at the following link: http://ml.globenewswire.com/Resource/Download/da851221-c088-4baf-a1ec-e1a8c39faf8c

SUMMARY OF RESULTS:

BALANCE SHEET

Total assets increased $2.5 billion in the second quarter of 2026 compared to the first quarter of 2026, driven by a $1.6 billion increase in total loans. The strong loan growth was diversified across all major loan categories, including seasonally higher growth in our Premium Finance Receivables - Property and Casualty portfolio.

Total liabilities increased by $2.4 billion in the second quarter of 2026 compared to the first quarter of 2026, driven by a $2.2 billion increase in total deposits. Robust organic deposit growth in the second quarter of 2026 was driven by our diverse customer base and product offerings. Non-interest bearing deposit balances represented 19% of total deposits and average non-interest bearing deposit balances have remained stable in recent quarters. The Company's loans-to-deposits ratio ended the quarter at 91.0%.

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 second quarter of 2026, net interest income totaled $597.4 million, compared to $579.0 million in the first quarter of 2026. The increase in net interest income in the second quarter of 2026 was driven by robust average earning asset growth of $2.1 billion.

Net interest margin was 3.50% (3.52% on a fully taxable-equivalent basis, non-GAAP) during the second quarter of 2026, down four basis points compared to the first quarter of 2026. The yield on earning assets declined four basis points during the second quarter of 2026 primarily due to a seven basis point decrease in loan yields. Funding cost on interest-bearing deposits remained unchanged compared to the first quarter of 2026. The net free funds contribution in the second quarter of 2026 was flat compared to the first quarter of 2026.

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

ASSET QUALITY

The allowance for credit losses totaled $481.2 million as of June 30, 2026, an increase from $471.6 million as of March 31, 2026. A provision for credit losses totaling $23.1 million was recorded for the second quarter of 2026 compared to $29.6 million recorded in the first quarter of 2026. The provision for credit losses recognized in the second quarter of 2026 reflects stable credit quality and a mostly stable macroeconomic forecast. However, given future economic performance remains uncertain, allowance results capture uncertainty related to credit spreads, equity market valuations, consumer & business sentiment, and the job market. 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 June 30, 2026, March 31, 2026, and December 31, 2025 is shown on Table 12 of this report.

Net charge-offs totaled $13.4 million in the second quarter of 2026, a decrease of $5.0 million compared to $18.4 million of net charge-offs in the first quarter of 2026. Net charge-offs as a percentage of average total loans were 10 basis points in the second quarter of 2026 on an annualized basis compared to 14 basis points on an annualized basis in the first quarter of 2026. For more information regarding net charge-offs, see Table 10 in this report.

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

Non-performing assets and non-performing loans were stable compared to prior quarter. Non-performing assets totaled $195.2 million and comprised 0.26% of total assets as of June 30, 2026, as compared to $200.2 million, or 0.28% of total assets, as of March 31, 2026. Non-performing loans totaled $179.3 million and comprised 0.32% of total loans at June 30, 2026, as compared to $182.7 million and 0.34% of total loans at March 31, 2026. For more information regarding non-performing assets, see Table 14 in this report.

NON-INTEREST INCOME

Non-interest income totaled $141.3 million in the second quarter of 2026, compared to $134.1 million in the first quarter of 2026.

Wealth management revenue decreased by approximately $2.2 million in the second quarter of 2026, compared to the first quarter of 2026. The decrease in the second quarter of 2026 was primarily driven by performance based revenues on certain customer relationships which positively impacted results in the first quarter of 2026. 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 $27.4 million in the second quarter of 2026, compared to $23.4 million in the first quarter of 2026. The increase in the second quarter of 2026 was primarily attributed to higher operational revenue. For more information regarding mortgage banking revenue, see Table 16 in this report.

The Company recognized approximately $1.8 million in net gains on investment securities in the second quarter of 2026 compared to approximately $31,000 in net losses in the first quarter of 2026. The net gains in the second quarter of 2026 were primarily the result of fair value adjustments 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 $397.5 million in the second quarter of 2026, increasing $14.9 million, compared to $382.6 million in the first quarter of 2026. Non-interest expense, as a percent of average assets, remained stable at 2.21% in the second quarter of 2026.

Salaries and employee benefits expense increased by approximately $5.6 million in the second quarter of 2026, compared to the first quarter of 2026. This was primarily driven by higher commissions and incentives expense attributable to an increase in mortgage originations and a full quarter impact of the annual merit increases reflected in base salaries.

Advertising and marketing expense in the second quarter of 2026 totaled $20.4 million, which was a $7.2 million increase as compared to the first quarter of 2026. The increase in the second quarter was primarily driven by summer sports sponsorships and other community sponsorship events. Marketing costs are incurred to promote the Company’s brand, commercial banking capabilities and the Company’s various products, to attract loans and deposits and to announce new branch openings as well as the expansion of the Company’s non-bank businesses. The level of marketing expenditures depends on the timing of sponsorship programs utilized which are determined based on the market area, targeted audience, competition and various other factors. Generally, these expenses are elevated in the second and third quarters of each year.

FDIC insurance totaled $6.6 million in the second quarter of 2026, a $4.4 million decrease from the first quarter of 2026. This was primarily the result of a reversal of the $5.2 million FDIC special assessment recorded in the first quarter of 2024. The special assessments were in response to certain bank failures in 2023 and the reversal is based on the FDIC's final determination of losses to its Deposit Insurance Fund.

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

INCOME TAXES

The Company recorded income tax expense of $84.3 million in the second quarter of 2026 compared to $73.6 million in the first quarter of 2026. The effective tax rates were 26.5% in the second quarter of 2026 compared to 24.4% in the first quarter of 2026. The effective tax rates were impacted by the tax effects related to share-based compensation which fluctuate based on the Company’s stock price and timing of employee stock option exercises and vesting of other share-based awards. The Company recorded net excess tax benefits of $140,000 in the second quarter of 2026, compared to net excess tax benefits of $6.6 million in the first quarter of 2026 related to share-based compensation.

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 second quarter of 2026, community banking increased its commercial, commercial real estate and residential real estate loan portfolios.

Mortgage banking revenue was $27.4 million for the second quarter of 2026, an increase of $4.0 million compared to the first quarter of 2026. See Table 16 for more detail. Service charges on deposit accounts totaled $21.2 million in the second quarter of 2026 as compared to $21.0 million in the first quarter of 2026. The Company’s gross commercial and commercial real estate loan pipelines remained solid as of June 30, 2026 indicating momentum for expected continued loan growth in the third quarter of 2026.

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 approximately $5.8 billion during the second quarter of 2026. Average balances increased by $361.6 million, as compared to the first quarter of 2026. The Company’s leasing divisions’ portfolio balances increased in the second quarter of 2026, with capital leases, loans, and equipment on operating leases of $3.1 billion, $1.2 billion, and $363.7 million as of June 30, 2026, respectively, compared to $3.0 billion, $1.2 billion, and $362.8 million as of March 31, 2026, respectively. Revenues from the Company’s out-sourced administrative services business were $1.3 million in the second quarter of 2026, which was relatively stable compared to the first quarter of 2026.

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 $39.9 million in the second quarter of 2026, a decrease as compared to the first quarter of 2026. At June 30, 2026, the Company’s wealth management subsidiaries had approximately $49.7 billion of assets under administration, which excludes 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 second quarter of 2026, as compared to the first quarter of 2026 (sequential quarter) and second quarter of 2025 (linked quarter), are shown in the table below:

      % or(1)
basis point 
(bp) change
from
1st Quarter
2026% or
basis point 
(bp) change
from
2nd Quarter
2025 Three Months Ended(Dollars in thousands, except per share data)Jun 30, 2026 Mar 31, 2026 Jun 30, 2025Net income$233,693  $227,388  $195,527 3 %20 %Pre-tax income, excluding provision for credit losses (non-GAAP)(2) 341,098   330,534   289,322 3  18  Net income per common share – Diluted 3.30   3.22   2.78 2  19  Cash dividends declared per common share 0.55   0.55   0.50 —  10  Net revenue(3) 738,635   713,166   670,783 4  10  Net interest income 597,366   579,024   546,694 3  9  Net interest margin 3.50%  3.54%  3.52%(4)bps(2)bpsNet interest margin – fully taxable-equivalent (non-GAAP)(2) 3.52   3.56   3.54 (4) (2) Net overhead ratio(4) 1.42   1.44   1.57 (2) (15) Return on average assets 1.30   1.32   1.19 (2) 11  Return on average common equity 12.82   12.76   12.07 6  75  Return on average tangible common equity (non-GAAP)(2) 14.91   14.89   14.44 2  47  At end of period         Total assets$74,668,135  $72,157,433  $68,983,318 14 %8 %Total loans(5) 55,654,947   54,071,292   51,041,679 12  9  Total deposits 61,141,275   58,914,382   55,816,811 15  10  Total shareholders’ equity 7,525,116   7,378,100   7,225,696 8  4   (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 EndedSix Months Ended(Dollars in thousands, except per share data) Jun 30,
2026 Mar 31,
2026 Dec 31,
2025 Sep 30,
2025 Jun 30,
2025Jun 30,
2026 Jun 30,
2025Selected Financial Condition Data (at end of period):   Total assets $74,668,135  $72,157,433  $71,142,046  $69,629,638  $68,983,318    Total loans(1)  55,654,947   54,071,292   53,105,101   52,063,482   51,041,679    Total deposits  61,141,275   58,914,382   57,717,191   56,711,381   55,816,811    Total shareholders’ equity  7,525,116   7,378,100   7,258,715   7,045,757   7,225,696    Selected Statements of Income Data:             Net interest income $597,366  $579,024  $583,874  $567,010  $546,694 $1,176,390  $1,073,168 Net revenue(2)  738,635   713,166   714,264   697,837   670,783  1,451,801   1,313,891 Net income  233,693   227,388   223,024   216,254   195,527  461,081   384,566 Pre-tax income, excluding provision for credit losses (non-GAAP)(3)  341,098   330,534   329,811   317,809   289,322  671,632   566,340 Net income per common share – Basic  3.34   3.26   3.21   2.82   2.82  6.60   5.55 Net income per common share – Diluted  3.30   3.22   3.15   2.78   2.78  6.52   5.47 Cash dividends declared per common share  0.55   0.55   0.50   0.50   0.50  1.10   1.00 Selected Financial Ratios and Other Data:             Performance Ratios:             Net interest margin  3.50%  3.54%  3.52%  3.48%  3.52% 3.52%  3.53%Net interest margin – fully taxable-equivalent (non-GAAP)(3)  3.52   3.56   3.54   3.50   3.54  3.54   3.55 Non-interest income to average assets  0.79   0.78   0.74   0.76   0.76  0.78   0.75 Non-interest expense to average assets  2.21   2.21   2.19   2.21   2.32  2.21   2.32 Net overhead ratio(4)  1.42   1.44   1.45   1.45   1.57  1.43   1.57 Return on average assets  1.30   1.32   1.27   1.26   1.19  1.31   1.19 Return on average common equity  12.82   12.76   12.63   11.58   12.07  12.79   12.14 Return on average tangible common equity (non-GAAP)(3)  14.91   14.89   14.83   13.74   14.44  14.90   14.57 Average total assets $72,161,723  $70,089,123  $69,492,268  $68,303,036  $65,840,345 $71,131,148  $64,978,481 Average total shareholders’ equity  7,474,449   7,387,713   7,166,608   6,955,543   6,862,040  7,431,321   6,662,598 Average loans to average deposits ratio  92.6%  93.1%  92.4%  92.5%  93.0% 92.8%  92.7%Period-end loans to deposits ratio  91.0   91.8   92.0   91.8   91.4    Common Share Data at end of period:             Market price per common share $160.72  $138.94  $139.82  $132.44  $123.98    Book value per common share  105.26   103.10   102.03   98.87   95.43    Tangible book value per common share (non-GAAP)(3)  92.13   89.90   88.66   85.39   81.86    Common shares outstanding  67,455,414   67,437,300   66,974,913   66,961,209   66,937,732    Other Data at end of period:             Common equity to assets ratio  9.5%  9.6%  9.6%  9.5%  9.3%   Tangible common equity ratio (non-GAAP)(3)  8.4   8.5   8.5   8.3   8.0    Tier 1 leverage ratio(5)  9.8   9.8   9.6   9.5   10.2    Risk-based capital ratios:             Tier 1 capital ratio(5)  11.1   11.1   11.0   10.9   11.5    Common equity tier 1 capital ratio(5)  10.4   10.4   10.3   10.2   10.0    Total capital ratio(5)  12.4   12.6   12.4   12.4   13.0    Allowance for credit losses(6) $481,189  $471,591  $460,465  $454,586  $457,461    Allowance for loan and unfunded lending-related commitment losses to total loans  0.86%  0.87%  0.87%  0.87%  0.90%   Number of:             Bank subsidiaries  16   16   16   16   16    Banking offices  210   209   209   208   208     (1) Excludes mortgage loans held-for-sale.
(2) Net revenue is net interest income plus non-interest income.
(3) SeeTable 18: Supplemental Non-GAAP Financial Measures/Ratios for additional information on this performance measure/ratio.
(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) 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)  Jun 30, Mar 31, Dec 31, Sep 30, Jun 30,(In thousands)  2026   2026   2025   2025   2025 Assets          Cash and due from banks $595,790  $543,654  $467,874  $565,406  $695,501 Federal funds sold and securities purchased under resale agreements  65   65   64   63   63 Interest-bearing deposits with banks  3,573,915   3,051,665   3,180,553   3,422,452   4,569,618 Available-for-sale securities, at fair value  7,587,545   7,244,282   6,236,263   5,274,124   4,885,715 Held-to-maturity securities, at amortized cost  3,196,452   3,270,207   3,343,905   3,438,406   3,502,186 Equity securities with readily determinable fair value  65,815   63,786   63,770   63,445   273,722 Federal Home Loan Bank and Federal Reserve Bank stock  294,629   292,044   291,881   282,755   282,087 Mortgage loans held-for-sale, at fair value  407,495   383,405   340,745   333,883   299,606 Loans, net of unearned income  55,654,947   54,071,292   53,105,101   52,063,482   51,041,679 Allowance for loan losses  (402,952)  (390,651)  (379,283)  (386,622)  (391,654)Net loans  55,251,995   53,680,641   52,725,818   51,676,860   50,650,025 Premises, software and equipment, net  778,958   777,603   781,611   775,425   776,324 Lease investments, net  363,664   362,766   360,646   301,000   289,768 Accrued interest receivable and other assets  1,666,474   1,596,617   1,617,682   1,614,674   1,610,025 Receivable on unsettled securities sales  —   —   835,275   978,209   240,039 Goodwill  797,219   797,658   797,960   797,639   798,144 Other acquisition-related intangible assets  88,119   93,040   97,999   105,297   110,495 Total assets $74,668,135  $72,157,433  $71,142,046  $69,629,638  $68,983,318 Liabilities and Shareholders’ Equity          Deposits:          Non-interest-bearing $11,796,736  $12,112,891  $11,423,701  $10,952,146  $10,877,166 Interest-bearing  49,344,539   46,801,491   46,293,490   45,759,235   44,939,645 Total deposits  61,141,275   58,914,382   57,717,191   56,711,381   55,816,811 Federal Home Loan Bank advances  3,450,680   3,451,309   3,451,309   3,151,309   3,151,309 Other borrowings  370,736   340,647   477,966   579,328   625,392 Subordinated notes  298,820   298,717   298,636   298,536   298,458 Junior subordinated debentures  253,566   253,566   253,566   253,566   253,566 Payable on unsettled securities purchases  —   —   —   —   39,105 Accrued interest payable and other liabilities  1,627,942   1,520,712   1,684,663   1,589,761   1,572,981 Total liabilities  67,143,019   64,779,333   63,883,331   62,583,881   61,757,622 Shareholders’ Equity:          Preferred stock  425,000   425,000   425,000   425,000   837,500 Common stock  67,581   67,563   67,062   67,042   67,025 Surplus  2,560,427   2,546,754   2,534,024   2,521,306   2,495,637 Treasury stock  (14,882)  (13,970)  (9,156)  (9,150)  (9,156)Retained earnings  4,907,788   4,719,561   4,537,539   4,356,367   4,200,923 Accumulated other comprehensive loss  (420,798)  (366,808)  (295,754)  (314,808)  (366,233)Total shareholders’ equity  7,525,116   7,378,100   7,258,715   7,045,757   7,225,696 Total liabilities and shareholders’ equity $74,668,135  $72,157,433  $71,142,046  $69,629,638  $68,983,318                       WINTRUST FINANCIAL CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)

 Three Months EndedSix Months Ended(Dollars in thousands, except per share data)Jun 30,
2026 Mar 31,
2026 Dec 31,
2025 Sep 30,
2025 Jun 30,
2025Jun 30,
2026 Jun 30,
2025Interest income            Interest and fees on loans$822,981 $797,889  $822,494  $832,140 $797,997$1,620,870 $1,566,359Mortgage loans held-for-sale 6,169  4,615   5,607   4,757  4,872 10,784  9,118Interest-bearing deposits with banks 20,916  19,150   27,190   34,992  34,317 40,066  71,083Federal funds sold and securities purchased under resale agreements 5  64   77   75  276 69  455Investment securities 105,716  100,278   95,461   86,426  78,053 205,994  150,069Trading account securities —  —   —   —  — —  11Federal Home Loan Bank and Federal Reserve Bank stock 5,625  5,564   5,497   5,444  5,393 11,189  10,700Brokerage customer receivables —  —   —   —  — —  78Total interest income 961,412  927,560   956,326   963,834  920,908 1,888,972  1,807,873Interest expense            Interest on deposits 325,033  309,187   332,178   355,846  333,470 634,220  653,703Interest on Federal Home Loan Bank advances 28,218  27,701   26,408   26,007  25,724 55,919  51,165Interest on other borrowings 3,121  4,026   5,956   6,887  6,957 7,147  13,749Interest on subordinated notes 3,739  3,719   3,737   3,717  3,735 7,458  7,449Interest on junior subordinated debentures 3,935  3,903   4,173   4,367  4,328 7,838  8,639Total interest expense 364,046  348,536   372,452   396,824  374,214 712,582  734,705Net interest income 597,366  579,024   583,874   567,010  546,694 1,176,390  1,073,168Provision for credit losses 23,134  29,594   27,588   21,768  22,234 52,728  46,197Net interest income after provision for credit losses 574,232  549,430   556,286   545,242  524,460 1,123,662  1,026,971Non-interest income            Wealth management 39,883  42,059   39,365   37,188  36,821 81,942  70,863Mortgage banking 27,438  23,396   22,625   24,451  23,170 50,834  43,699Service charges on deposit accounts 21,240  20,970   20,402   19,825  19,502 42,210  38,864Gains (losses) on investment securities, net 1,845  (31)  1,505   2,972  650 1,814  3,846Fees from covered call options 4,793  4,669   5,992   5,619  5,624 9,462  9,070Trading gains (losses), net 70  10   (257)  172  151 80  87Operating lease income, net 18,804  19,154   16,365   15,466  15,166 37,958  30,453Other 27,196  23,915   24,393   25,134  23,005 51,111  43,841Total non-interest income 141,269  134,142   130,390   130,827  124,089 275,411  240,723Non-interest expense            Salaries and employee benefits 234,089  228,447   222,557   219,668  219,541 462,536  431,067Software and equipment 39,288  35,654   36,096   35,027  36,522 74,942  71,239Operating lease equipment 11,187  10,987   11,034   10,409  10,757 22,174  21,228Occupancy, net 21,153  20,566   20,105   20,809  20,228 41,719  41,006Data processing 10,659  11,266   11,809   11,329  12,110 21,925  23,384Advertising and marketing 20,432  13,218   13,792   19,027  18,761 33,650  31,033Professional fees 9,342  7,375   8,280   7,465  9,243 16,717  18,287Amortization of other acquisition-related intangible assets 4,921  4,958   4,999   5,196  5,580 9,879  11,198FDIC insurance 6,640  10,990   10,562   11,418  10,971 17,630  21,897Other real estate owned (“OREO”) expenses, net 786  207   2,162   262  505 993  1,148Other 39,040  38,964   43,057   39,418  37,243 78,004  76,064Total non-interest expense 397,537  382,632   384,453   380,028  381,461 780,169  747,551Income before taxes 317,964  300,940   302,223   296,041  267,088 618,904  520,143Income tax expense 84,271  73,552   79,199   79,787  71,561 157,823  135,577Net income$233,693 $227,388  $223,024  $216,254 $195,527$461,081 $384,566Preferred stock dividends 8,367  8,367   8,367   13,295  6,991 16,734  13,982Preferred stock redemption —  —   —   14,046  — —  —Net income applicable to common shares$225,326 $219,021  $214,657  $188,913 $188,536$444,347 $370,584Net income per common share - Basic$3.34 $3.26  $3.21  $2.82 $2.82$6.60 $5.55Net income per common share - Diluted$3.30 $3.22  $3.15  $2.78 $2.78$6.52 $5.47Cash dividends declared per common share$0.55 $0.55  $0.50  $0.50 $0.50$1.10 $1.00Weighted average common shares outstanding 67,434  67,246   66,970   66,952  66,931 67,341  66,829Dilutive potential common shares 852  851   1,143   1,028  888 852  903Average common shares and dilutive common shares 68,286  68,097   68,113   67,980  67,819 68,193  67,732                       TABLE 1: LOAN PORTFOLIO MIX AND GROWTH RATES

          % Growth From(1)(Dollars in thousands)Jun 30,
2026 Mar 31,
2026 Dec 31,
2025 Sep 30,
2025 Jun 30,
2025Mar 31,
2026(2)Jun 30,
2025Balance:           Mortgage loans held-for-sale, excluding early buy-out exercised loans guaranteed by U.S. government agencies$265,203 $249,350 $217,136 $211,360 $192,63326%38%Mortgage loans held-for-sale, early buy-out exercised loans guaranteed by U.S. government agencies 142,292  134,055  123,609  122,523  106,97325 33 Total mortgage loans held-for-sale$407,495 $383,405 $340,745 $333,883 $299,60625%36%            Core loans:           Commercial           Commercial and industrial$7,802,625 $7,620,239 $7,267,505 $7,135,083 $7,028,24710%11%Asset-based lending 1,628,319  1,558,089  1,512,888  1,588,522  1,663,69318 (2)Municipal 866,012  839,633  868,958  804,986  771,78513 12 Leases 3,114,901  3,002,014  2,921,366  2,834,563  2,757,33115 13 Commercial real estate           Residential construction 52,590  53,097  54,753  60,923  59,027(4)(11)Commercial construction 2,294,566  1,959,375  2,013,244  2,273,545  2,165,26369 6 Land 308,509  311,470  341,585  323,685  304,827(4)1 Office 1,607,275  1,652,482  1,688,614  1,578,208  1,601,208(11)— Industrial 3,405,641  3,323,977  3,167,768  2,912,547  2,824,88910 21 Retail 1,475,949  1,469,658  1,436,252  1,478,861  1,452,3512 2 Multi-family 3,299,607  3,565,419  3,445,507  3,306,597  3,200,578(30)3 Mixed use and other 1,826,470  1,826,808  1,793,013  1,684,841  1,683,867(0)8 Home equity 491,782  471,264  480,525  484,202  466,81517 5 Residential real estate           Residential real estate loans for investment 4,411,357  4,319,941  4,171,439  4,019,046  3,814,7158 16 Residential mortgage loans, early buy-out eligible loans guaranteed by U.S. government agencies 76,334  83,036  84,706  75,088  80,800(32)(6)Residential mortgage loans, early buy-out exercised loans guaranteed by U.S. government agencies 55,001  62,189  61,087  49,736  53,267(46)3 Total core loans$32,716,938 $32,118,691 $31,309,210 $30,610,433 $29,928,6637%9%            Niche loans:           Commercial           Franchise$1,300,935 $1,293,639 $1,298,493 $1,298,140 $1,286,2652%1%Mortgage warehouse lines of credit 1,897,762  1,800,972  1,515,003  1,204,661  1,232,53022 54 Community Advantage - homeowners association 516,782  526,274  532,027  537,696  526,595(7)(2)Insurance agency lending 1,153,975  1,122,361  1,128,446  1,140,691  1,120,98511 3 Premium Finance receivables           U.S. property & casualty insurance 7,744,361  7,127,234  7,308,054  7,502,901  7,378,34035 5 Canada property & casualty insurance 867,662  763,097  875,362  863,391  944,83655 (8)Life insurance 9,312,521  9,196,382  9,023,642  8,758,553  8,506,9605 9 Consumer and other 144,011  122,642  114,864  147,016  116,50570 24 Total niche loans$22,938,009 $21,952,601 $21,795,891 $21,453,049 $21,113,01618%9%            Total loans, net of unearned income$55,654,947 $54,071,292 $53,105,101 $52,063,482 $51,041,67912%9% (1) NM - Not Meaningful.
(2) Annualized.

TABLE 2: DEPOSIT PORTFOLIO MIX AND GROWTH RATES

          % Growth From(Dollars in thousands)Jun 30,
2026 Mar 31,
2026 Dec 31,
2025 Sep 30,
2025 Jun 30,
2025Mar 31,
2026(1) Jun 30,
2025Balance:            Non-interest-bearing$11,796,736  $12,112,891  $11,423,701  $10,952,146  $10,877,166 (10)% 8%NOW and interest-bearing demand deposits 6,742,269   5,987,258   6,233,753   6,710,919   6,795,725 51  (1)Wealth management deposits(2) 1,349,949   1,670,620   1,907,647   1,600,735   1,595,764 (77) (15)Money market 23,083,225   21,714,267   21,368,924   20,270,382   19,556,041 25  18 Savings 6,597,516   6,942,565   6,905,216   6,758,743   6,659,419 (20) (1)Time certificates of deposit 11,571,580   10,486,781   9,877,950   10,418,456   10,332,696 41  12 Total deposits$61,141,275  $58,914,382  $57,717,191  $56,711,381  $55,816,811 15% 10%Mix:            Non-interest-bearing 19%  20%  20%  19%  19%   NOW and interest-bearing demand deposits 11   10   11   12   12    Wealth management deposits(2) 2   3   3   3   3    Money market 38   37   37   36   35    Savings 11   12   12   12   12    Time certificates of deposit 19   18   17   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 June 30, 2026

(Dollars in thousands) Total Time
Certificates of
Deposit Weighted-Average
Rate of Maturing
Time Certificates
of Deposit1-3 months $5,548,778 3.57%4-6 months  3,389,412 3.49 7-9 months  1,458,932 3.43 10-12 months  604,775 3.38 13-18 months  413,060 3.50 19-24 months  72,439 2.84 24+ months  84,184 2.61 Total $11,571,580 3.51%        TABLE 4: QUARTERLY AVERAGE BALANCES

  Average Balance for three months ended,  Jun 30, Mar 31, Dec 31, Sep 30, Jun 30,(In thousands)  2026   2026   2025   2025   2025 Interest-bearing deposits with banks, securities purchased under resale agreements and cash equivalents(1) $2,412,081  $2,247,083  $2,842,829  $3,276,683  $3,308,199 Investment securities(2)  10,832,538   10,616,617   10,084,138   9,377,930   8,801,560 FHLB and FRB stock(3)  292,325   291,972   284,643   282,338   282,001 Liquidity management assets(4) $13,536,944  $13,155,672  $13,211,610  $12,936,951  $12,391,760 Mortgage loans held-for-sale  402,175   317,047   357,672   295,365   310,534 Loans, net of unearned income(4) (5)  54,491,469   52,845,685   52,193,637   51,403,566   49,517,635 Total earning assets(4) $68,430,588  $66,318,404  $65,762,919  $64,635,882  $62,219,929 Allowance for loan and investment security losses  (405,743)  (391,810)  (404,075)  (410,681)  (398,685)Cash and due from banks  519,586   534,189   517,616   495,292   478,707 Other assets  3,617,292   3,628,340   3,615,808   3,582,543   3,540,394 Total assets $72,161,723  $70,089,123  $69,492,268  $68,303,036  $65,840,345            NOW and interest-bearing demand deposits $6,453,420  $6,081,218  $6,133,333  $6,687,292  $6,423,050 Wealth management deposits  1,485,347   1,858,560   1,925,808   1,604,142   1,552,989 Money market accounts  22,000,942   21,156,125   20,475,659   19,431,021   18,184,754 Savings accounts  6,707,916   6,921,251   6,814,263   6,723,325   6,578,698 Time deposits  10,938,312   9,782,112   10,045,136   10,319,719   9,841,702 Interest-bearing deposits $47,585,937  $45,799,266  $45,394,199  $44,765,499  $42,581,193 FHLB advances(3)  3,450,773   3,451,312   3,203,483   3,151,310   3,151,310 Other borrowings  358,511   442,200   547,507   614,892   593,657 Subordinated notes  298,757   298,661   298,576   298,481   298,398 Junior subordinated debentures  253,566   253,566   253,566   253,566   253,566 Total interest-bearing liabilities $51,947,544  $50,245,005  $49,697,331  $49,083,748  $46,878,124 Non-interest-bearing deposits  11,273,344   10,963,887   11,080,254   10,791,709   10,643,798 Other liabilities  1,466,386   1,492,518   1,548,075   1,472,036   1,456,383 Equity  7,474,449   7,387,713   7,166,608   6,955,543   6,862,040 Total liabilities and shareholders’ equity $72,161,723  $70,089,123  $69,492,268  $68,303,036  $65,840,345            Net free funds/contribution(6) $16,483,044  $16,073,399  $16,065,588  $15,552,134  $15,341,805  (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) Loans, net of unearned income, include non-accrual loans.
(6) 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,  Jun 30, Mar 31, Dec 31, Sep 30, Jun 30,(In thousands)  2026   2026   2025   2025   2025 Interest income:          Interest-bearing deposits with banks, securities purchased under resale agreements and cash equivalents $20,921  $19,214  $27,267  $35,067  $34,593 Investment securities  106,346   100,864   96,122   87,101   78,733 FHLB and FRB stock(1)  5,625   5,564   5,497   5,444   5,393 Liquidity management assets(2) $132,892  $125,642  $128,886  $127,612  $118,719 Mortgage loans held-for-sale  6,169   4,615   5,607   4,757   4,872 Loans, net of unearned income(2)  825,092   799,915   824,628   834,294   800,197 Total interest income $964,153  $930,172  $959,121  $966,663  $923,788            Interest expense:          NOW and interest-bearing demand deposits $32,318  $29,666  $31,681  $40,448  $37,517 Wealth management deposits  6,823   8,941   10,011   8,415   8,182 Money market accounts  165,035   155,299   163,585   169,831   155,890 Savings accounts  25,729   30,672   34,371   38,844   37,637 Time deposits  95,128   84,609   92,530   98,308   94,244 Interest-bearing deposits $325,033  $309,187  $332,178  $355,846  $333,470 FHLB advances(1)  28,218   27,701   26,408   26,007   25,724 Other borrowings  3,121   4,026   5,956   6,887   6,957 Subordinated notes  3,739   3,719   3,737   3,717   3,735 Junior subordinated debentures  3,935   3,903   4,173   4,367   4,328 Total interest expense $364,046  $348,536  $372,452  $396,824  $374,214            Less: Fully taxable-equivalent adjustment  (2,741)  (2,612)  (2,795)  (2,829)  (2,880)Net interest income (GAAP)(3)  597,366   579,024   583,874   567,010   546,694 Fully taxable-equivalent adjustment  2,741   2,612   2,795   2,829   2,880 Net interest income, fully taxable-equivalent (non-GAAP)(3) $600,107  $581,636  $586,669  $569,839  $549,574  (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) SeeTable 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,  Jun 30,
2026 Mar 31,
2026 Dec 31,
2025 Sep 30,
2025 Jun 30,
2025Yield earned on:          Interest-bearing deposits with banks, securities purchased under resale agreements and cash equivalents 3.48% 3.47% 3.81% 4.25% 4.19%Investment securities 3.94  3.85  3.78  3.68  3.59 FHLB and FRB stock(1) 7.72  7.73  7.66  7.65  7.67 Liquidity management assets 3.94% 3.87% 3.87% 3.91% 3.84%Mortgage loans held-for-sale 6.15  5.90  6.22  6.39  6.29 Loans, net of unearned income 6.07  6.14  6.27  6.44  6.48 Total earning assets 5.65% 5.69% 5.79% 5.93% 5.96%           Rate paid on:          NOW and interest-bearing demand deposits 2.01% 1.98% 2.05% 2.40% 2.34%Wealth management deposits 1.84  1.95  2.06  2.08  2.11 Money market accounts 3.01  2.98  3.17  3.47  3.44 Savings accounts 1.54  1.80  2.00  2.29  2.29 Time deposits 3.49  3.51  3.65  3.78  3.84 Interest-bearing deposits 2.74% 2.74% 2.90% 3.15% 3.14%FHLB advances 3.28  3.26  3.27  3.27  3.27 Other borrowings 3.49  3.69  4.32  4.44  4.70 Subordinated notes 5.02  5.05  4.97  4.94  5.02 Junior subordinated debentures 6.22  6.24  6.53  6.83  6.85 Total interest-bearing liabilities 2.81% 2.81% 2.97% 3.21% 3.20%           Interest rate spread(2) (3) 2.84% 2.88% 2.82% 2.72% 2.76%Less: Fully taxable-equivalent adjustment (0.02) (0.02) (0.02) (0.02) (0.02)Net free funds/contribution(4) 0.68  0.68  0.72  0.78  0.78 Net interest margin (GAAP)(3) 3.50% 3.54% 3.52% 3.48% 3.52%Fully taxable-equivalent adjustment 0.02  0.02  0.02  0.02  0.02 Net interest margin, fully taxable-equivalent (non-GAAP)(3) 3.52% 3.56% 3.54% 3.50% 3.54% (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) SeeTable 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 six months ended,Interest
for six months ended,Yield/Rate
for six months ended,(Dollars in thousands)Jun 30,
2026 Jun 30,
2025Jun 30,
2026 Jun 30,
2025Jun 30,
2026 Jun 30,
2025Interest-bearing deposits with banks, securities purchased under resale agreements and cash equivalents(1)$2,330,038  $3,413,538 $40,135  $71,538 3.47% 4.23%Investment securities(2) 10,725,174   8,606,730  207,210   151,439 3.90  3.55 FHLB and FRB stock(3) 292,149   281,853  11,189   10,700 7.72  7.66 Liquidity management assets(4) (5)$13,347,361  $12,302,121 $258,534  $233,677 3.91% 3.83%Other earning assets(4) (5) (6) —   6,533  —   92 —  2.84 Mortgage loans held-for-sale 359,846   298,688  10,784   9,118 6.04  6.16 Loans, net of unearned income(4) (5) (7) 53,673,123   48,680,160  1,625,007   1,570,765 6.11  6.51 Total earning assets(5)$67,380,330  $61,287,502 $1,894,325  $1,813,652 5.67% 5.97%Allowance for loan and investment security losses (398,815)  (387,092)      Cash and due from banks 526,847   477,571       Other assets 3,622,786   3,600,500       Total assets$71,131,148  $64,978,481                 NOW and interest-bearing demand deposits$6,268,347  $6,235,661 $61,985  $71,117 1.99% 2.30%Wealth management deposits 1,670,923   1,563,675  15,764   16,788 1.90  2.17 Money market accounts 21,580,867   17,884,615  320,334   302,264 2.99  3.41 Savings accounts 6,813,994   6,529,345  56,401   73,560 1.67  2.27 Time deposits 10,363,406   9,625,117  179,736   189,974 3.50  3.98 Interest-bearing deposits$46,697,537  $41,838,413 $634,220  $653,703 2.74% 3.15%FHLB advances(3) 3,451,041   3,151,310  55,919   51,165 3.27  3.27 Other borrowings 400,124   587,930  7,147   13,749 3.60  4.72 Subordinated notes 298,709   298,353  7,458   7,449 5.04  5.04 Junior subordinated debentures 253,566   253,566  7,838   8,639 6.23  6.87 Total interest-bearing liabilities$51,100,977  $46,129,572 $712,582  $734,705 2.81% 3.21%Non-interest-bearing deposits 11,119,470   10,687,733       Other liabilities 1,479,380   1,498,578       Equity 7,431,321   6,662,598       Total liabilities and shareholders’ equity$71,131,148  $64,978,481       Interest rate spread(5) (8)      2.86% 2.76%Less: Fully taxable-equivalent adjustment    (5,353)  (5,779)(0.02) (0.02)Net free funds/contribution(9)$16,279,353  $15,157,930    0.68  0.79 Net interest income/margin (GAAP)(5)   $1,176,390  $1,073,168 3.52% 3.53%Fully taxable-equivalent adjustment    5,353   5,779 0.02  0.02 Net interest income/margin, fully taxable-equivalent (non-GAAP)(5)   $1,181,743  $1,078,947 3.54% 3.55% (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) 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) SeeTable 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
PointsJun 30, 2026 (2.4)% (1.1)% (0.1)% (0.1)%Mar 31, 2026 (0.8) (0.1) (1.0) (1.9)Dec 31, 2025 (1.6) (0.5) (0.5) (0.8)Sep 30, 2025 (2.3) (0.8) 0.0  (0.4)Jun 30, 2025 (1.5) (0.4) (0.2) (1.2) Ramp Scenario +200 Basis Points +100 Basis Points -100 Basis Points -200 Basis PointsJun 30, 2026 (0.2)% (0.1)% (0.2)% (0.4)%Mar 31, 2026 (0.1) 0.0  (0.1) (0.3)Dec 31, 2025 (0.0) 0.1  (0.1) (0.2)Sep 30, 2025 (0.2) (0.1) 0.1  (0.1)Jun 30, 2025 0.0  0.0  (0.1) (0.4)              As shown above, the magnitude of potential changes in net interest income in various interest rate scenarios has continued to remain relatively neutral. Management has taken action to reposition its sensitivity to interest rates to stabilize net interest margin following the rise in short term interest rates in 2022 and 2023. To this end, management has executed various derivative instruments including collars, floors and receive-fixed swaps to hedge variable-rate loan exposures. 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 periodAs of June 30, 2026One year or
less
 From one to
five years
 From five to
fifteen years
 After fifteen
years
 Total
(In thousands)    Commercial         Fixed rate$615,590  $4,170,452 $2,191,702 $53,448 $7,031,192Variable rate 11,248,473   1,646  —  —  11,250,119Total commercial$11,864,063  $4,172,098 $2,191,702 $53,448 $18,281,311Commercial real estate         Fixed rate$930,512  $2,655,051 $341,069 $70,710 $3,997,342Variable rate 10,262,509   10,692  64  —  10,273,265Total commercial real estate$11,193,021  $2,665,743 $341,133 $70,710 $14,270,607Home equity         Fixed rate$8,900  $982 $29 $6 $9,917Variable rate 481,865   —  —  —  481,865Total home equity$490,765  $982 $29 $6 $491,782Residential real estate         Fixed rate$18,332  $7,134 $63,647 $1,042,536 $1,131,649Variable rate 133,698   822,226  2,455,119  —  3,411,043Total residential real estate$152,030  $829,360 $2,518,766 $1,042,536 $4,542,692Premium finance receivables - property & casualty         Fixed rate$8,456,306  $155,717 $— $— $8,612,023Variable rate —   —  —  —  —Total premium finance receivables - property & casualty$8,456,306  $155,717 $— $— $8,612,023Premium finance receivables - life insurance         Fixed rate$22,418  $82,894 $— $— $105,312Variable rate 9,207,209   —  —  —  9,207,209Total premium finance receivables - life insurance$9,229,627  $82,894 $— $— $9,312,521Consumer and other         Fixed rate$47,737  $7,565 $1,185 $838 $57,325Variable rate 86,686   —  —  —  86,686Total consumer and other$134,423  $7,565 $1,185 $838 $144,011          Total per category         Fixed rate$10,099,795  $7,079,795 $2,597,632 $1,167,538 $20,944,760Variable rate 31,420,440   834,564  2,455,183  —  34,710,187Total loans, net of unearned income$41,520,235  $7,914,359 $5,052,815 $1,167,538 $55,654,947Less: Existing cash flow hedging derivatives(1) (6,900,000)        Total loans repricing or maturing in one year or less, adjusted for cash flow hedging activity$34,620,235                   Variable Rate Loan Pricing by Index:         SOFR tenors(2)        $22,627,41212- month CMT(3)         8,176,185Prime         3,125,303Fed Funds         546,049Other U.S. Treasury tenors         130,340Other         104,898Total variable rate        $34,710,187 (1) Excludes cash flow hedges with future effective starting dates and those that have matured as of June 30, 2026. The $6.90 billion of cash flow hedging derivatives includes receive fixed swaps, collars and floors of which $5.95 billion were impacting the cash flows of loans indexed to one-month SOFR as of June 30, 2026.
(2) SOFR - Secured Overnight Financing Rate.
(3) CMT - Constant Maturity Treasury Rate.

Graph available at the following link: http://ml.globenewswire.com/Resource/Download/3c540cd1-ff96-4980-bba0-73e86ea12545

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 $20.0 billion tied to one-month SOFR and $8.2 billion tied to twelve-month CMT. The above chart shows:

  Basis Point (bp) Change in  1-month
SOFR 12- month
CMT Prime Second Quarter 2026 (1)bps30 bps— bpsFirst Quarter 2026 (3) 20  —  Fourth Quarter 2025 (44) (20) (50) Third Quarter 2025 (19) (28) (25) Second Quarter 2025 —  (7) —              TABLE 10: ALLOWANCE FOR CREDIT LOSSES

  Three Months EndedSix Months Ended  Jun 30, Mar 31, Dec 31, Sep 30, Jun 30,Jun 30, Jun 30,(Dollars in thousands)  2026   2026   2025   2025   2025  2026   2025 Allowance for credit losses at beginning of period $471,591  $460,465  $454,586  $457,461  $448,387 $460,465  $437,060 Provision for credit losses  23,134   29,594   27,588   21,768   22,234  52,728   46,197 Other adjustments  (90)  (50)  71   (88)  180  (140)  184 Charge-offs:             Commercial  10,837   8,428   12,894   21,597   6,148  19,265   15,870 Commercial real estate  707   7,260   5,625   144   5,711  7,967   6,165 Home equity  —   —   —   27   111  —   111 Residential real estate  163   350   —   26   —  513   — Premium finance receivables - property & casualty  5,403   7,431   8,354   6,860   6,346  12,834   13,460 Premium finance receivables - life insurance  —   —   —   18   —  —   12 Consumer and other  172   180   203   174   179  352   326 Total charge-offs  17,282   23,649   27,076   28,846   18,495  40,931   35,944 Recoveries:             Commercial  1,710   1,419   956   1,449   1,746  3,129   2,675 Commercial real estate  5   6   4   241   10  11   22 Home equity  16   303   28   104   30  319   246 Residential real estate  1   1   1   1   2  2   138 Premium finance receivables - property & casualty  2,076   3,437   4,275   2,459   3,335  5,513   6,822 Premium finance receivables - life insurance  —   —   —   —   —  —   — Consumer and other  28   65   32   37   32  93   61 Total recoveries  3,836   5,231   5,296   4,291   5,155  9,067   9,964 Net charge-offs  (13,446)  (18,418)  (21,780)  (24,555)  (13,340) (31,864)  (25,980)Allowance for credit losses at period end $481,189  $471,591  $460,465  $454,586  $457,461 $481,189  $457,461               Annualized net charge-offs (recoveries) by category as a percentage of its own respective category’s average:   Commercial  0.20%  0.17%  0.29%  0.49%  0.11% 0.19%  0.17%Commercial real estate  0.02   0.21   0.16   (0.00)  0.17  0.11   0.10 Home equity  (0.01)  (0.26)  (0.02)  (0.06)  0.07  (0.13)  (0.06)Residential real estate  0.01   0.03   (0.00)  0.00   (0.00) 0.02   (0.01)Premium finance receivables - property & casualty  0.16   0.20   0.20   0.20   0.16  0.18   0.18 Premium finance receivables - life insurance  —   —   —   0.00   —  —   0.00 Consumer and other  0.42   0.35   0.47   0.40   0.44  0.38   0.44 Total loans, net of unearned income  0.10%  0.14%  0.17%  0.19%  0.11% 0.12%  0.11%              Loans at period end $55,654,947  $54,071,292  $53,105,101  $52,063,482  $51,041,679    Allowance for loan losses as a percentage of loans at period end  0.72%  0.72%  0.71%  0.74%  0.77%   Allowance for loan and unfunded lending-related commitment losses as a percentage of loans at period end  0.86   0.87   0.87   0.87   0.90                             PCD - Purchase Credit Deteriorated

TABLE 11: ALLOWANCE AND PROVISION FOR CREDIT LOSSES BY COMPONENT

  Three Months EndedSix Months Ended  Jun 30, Mar 31, Dec 31, Sep 30, Jun 30,Jun 30, Jun 30,(In thousands)  2026   2026   2025   2025   2025  2026   2025 Provision for loan losses - Other $25,837  $29,836  $14,369  $19,610  $26,607 $55,673  $53,433 Provision for unfunded lending-related commitments losses - Other  (2,666)  (239)  13,354   2,160   (4,325) (2,905)  (7,177)Provision for held-to-maturity securities losses  (37)  (3)  (135)  (2)  (48) (40)  (59)Provision for credit losses $23,134  $29,594  $27,588  $21,768  $22,234 $52,728  $46,197               Allowance for loan losses $402,952  $390,651  $379,283  $386,622  $391,654    Allowance for unfunded lending-related commitments losses  78,017   80,683   80,922   67,569   65,409    Allowance for loan losses and unfunded lending-related commitments losses  480,969   471,334   460,205   454,191   457,063    Allowance for held-to-maturity securities losses  220   257   260   395   398    Allowance for credit losses $481,189  $471,591  $460,465  $454,586  $457,461                             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 June 30, 2026, March 31, 2026 and December 31, 2025.

 As of Jun 30, 2026As of Mar 31, 2026As of Dec 31, 2025(Dollars in thousands)Recorded
Investment Calculated
Allowance % of its
category’s balanceRecorded
Investment Calculated
Allowance % of its
category’s balanceRecorded
Investment Calculated
Allowance % of its
category’s balanceCommercial$18,281,311 $234,809 1.28%$17,763,221 $210,959 1.19%$17,044,686 $178,545 1.05%Commercial real estate:               Construction and development 2,655,665  67,343 2.54  2,323,942  74,092 3.19  2,409,582  93,106 3.86 Non-construction 11,614,942  142,605 1.23  11,838,344  150,778 1.27  11,531,154  153,827 1.33 Total commercial real estate$14,270,607 $209,948 1.47%$14,162,286 $224,870 1.59%$13,940,736 $246,933 1.77%Total commercial and commercial real estate$32,551,918 $444,757 1.37%$31,925,507 $435,829 1.37%$30,985,422 $425,478 1.37%Home equity 491,782  10,004 2.03  471,264  10,213 2.17  480,525  10,402 2.16 Residential real estate 4,542,692  13,257 0.29  4,465,166  13,081 0.29  4,317,232  12,519 0.29 Premium finance receivables - property & casualty 8,612,023  11,142 0.13  7,890,331  10,591 0.13  8,183,416  10,226 0.12 Premium finance receivables - life insurance 9,312,521  810 0.01  9,196,382  800 0.01  9,023,642  785 0.01 Consumer and other 144,011  999 0.69  122,642  820 0.67  114,864  795 0.69 Total loans, net of unearned income$55,654,947 $480,969 0.86%$54,071,292 $471,334 0.87%$53,105,101 $460,205 0.87%                Total core loans(1)$32,716,938 $406,752 1.24%$32,118,691 $408,892 1.27%$31,309,210 $412,714 1.32%Total niche loans(1) 22,938,009  74,217 0.32  21,952,601  62,442 0.28  21,795,891  47,491 0.22  (1) SeeTable 1for additional detail on core and niche loans.

TABLE 13: LOAN PORTFOLIO AGING

(In thousands) Jun 30, 2026 Mar 31, 2026 Dec 31, 2025 Sep 30, 2025 Jun 30, 2025Loan Balances:          Commercial          Nonaccrual $90,642 $87,750 $78,059 $66,577 $80,87790+ days and still accruing  —  —  —  —  —60-89 days past due  14,851  9,996  22,952  12,190  34,85530-59 days past due  38,292  90,389  90,205  36,136  45,103Current  18,137,526  17,575,086  16,853,470  16,429,439  16,226,596Total commercial $18,281,311 $17,763,221 $17,044,686 $16,544,342 $16,387,431Commercial real estate          Nonaccrual $17,220 $16,757 $25,147 $28,202 $32,82890+ days and still accruing  —  —  —  —  —60-89 days past due  14,879  17,133  19,529  14,119  11,25730-59 days past due  60,451  54,143  65,601  83,055  51,173Current  14,178,057  14,074,253  13,830,459  13,493,831  13,196,752Total commercial real estate $14,270,607 $14,162,286 $13,940,736 $13,619,207 $13,292,010Home equity          Nonaccrual $1,177 $1,142 $1,221 $1,295 $1,78090+ days and still accruing  —  —  —  —  —60-89 days past due  690  463  1,112  246  13830-59 days past due  878  2,012  2,818  2,294  2,971Current  489,037  467,647  475,374  480,367  461,926Total home equity $491,782 $471,264 $480,525 $484,202 $466,815Residential real estate          Early buy-out loans guaranteed by U.S. government agencies(1) $131,335 $145,225 $145,793 $124,824 $134,067Nonaccrual  25,910  27,360  32,862  28,942  28,04790+ days and still accruing  —  —  —  —  —60-89 days past due  3,310  129  7,562  8,829  8,95430-59 days past due  —  30,854  24,908  95  38Current  4,382,137  4,261,598  4,106,107  3,981,180  3,777,676Total residential real estate $4,542,692 $4,465,166 $4,317,232 $4,143,870 $3,948,782Premium finance receivables - property & casualty          Nonaccrual $28,061 $33,891 $29,354 $24,512 $30,40490+ days and still accruing  16,003  15,823  19,115  13,006  14,35060-89 days past due  18,198  16,188  29,294  23,527  25,64130-59 days past due  25,864  47,936  57,685  38,133  29,460Current  8,523,897  7,776,493  8,047,968  8,267,114  8,223,321Total Premium finance receivables - property & casualty $8,612,023 $7,890,331 $8,183,416 $8,366,292 $8,323,176Premium finance receivables - life insurance          Nonaccrual $— $— $— $— $—90+ days and still accruing  —  —  —  —  32760-89 days past due  2,908  22,690  13,887  34,016  11,20230-59 days past due  8,606  58,760  22,806  34,506  34,403Current  9,301,007  9,114,932  8,986,949  8,690,031  8,461,028Total Premium finance receivables - life insurance $9,312,521 $9,196,382 $9,023,642 $8,758,553 $8,506,960Consumer and other          Nonaccrual $113 $16 $8 $38 $4190+ days and still accruing  145  10  42  60  18460-89 days past due  195  130  466  49  6130-59 days past due  1,253  230  643  159  175Current  142,305  122,256  113,705  146,710  116,044Total consumer and other $144,011 $122,642 $114,864 $147,016 $116,505Total loans, net of unearned income          Early buy-out loans guaranteed by U.S. government agencies(1) $131,335 $145,225 $145,793 $124,824 $134,067Nonaccrual  163,123  166,916  166,651  149,566  173,97790+ days and still accruing  16,148  15,833  19,157  13,066  14,86160-89 days past due  55,031  66,729  94,802  92,976  92,10830-59 days past due  135,344  284,324  264,666  194,378  163,323Current  55,153,966  53,392,265  52,414,032  51,488,672  50,463,343Total loans, net of unearned income $55,654,947 $54,071,292 $53,105,101 $52,063,482 $51,041,679 (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)

 Jun 30, Mar 31, Dec 31, Sep 30, Jun 30,(Dollars in thousands) 2026   2026   2025   2025   2025 Loans past due greater than 90 days and still accruing:         Commercial$—  $—  $—  $—  $— Commercial real estate —   —   —   —   — Home equity —   —   —   —   — Residential real estate —   —   —   —   — Premium finance receivables - property & casualty 16,003   15,823   19,115   13,006   14,350 Premium finance receivables - life insurance —   —   —   —   327 Consumer and other 145   10   42   60   184 Total loans past due greater than 90 days and still accruing 16,148   15,833   19,157   13,066   14,861 Non-accrual loans:         Commercial 90,642   87,750   78,059   66,577   80,877 Commercial real estate 17,220   16,757   25,147   28,202   32,828 Home equity 1,177   1,142   1,221   1,295   1,780 Residential real estate 25,910   27,360   32,862   28,942   28,047 Premium finance receivables - property & casualty 28,061   33,891   29,354   24,512   30,404 Premium finance receivables - life insurance —   —   —   —   — Consumer and other 113   16   8   38   41 Total non-accrual loans 163,123   166,916   166,651   149,566   173,977 Total non-performing loans:         Commercial 90,642   87,750   78,059   66,577   80,877 Commercial real estate 17,220   16,757   25,147   28,202   32,828 Home equity 1,177   1,142   1,221   1,295   1,780 Residential real estate 25,910   27,360   32,862   28,942   28,047 Premium finance receivables - property & casualty 44,064   49,714   48,469   37,518   44,754 Premium finance receivables - life insurance —   —   —   —   327 Consumer and other 258   26   50   98   225 Total non-performing loans$179,271  $182,749  $185,808  $162,632  $188,838 Other real estate owned 15,940   17,439   20,839   24,832   23,615 Total non-performing assets$195,211  $200,188  $206,647  $187,464  $212,453 Total non-performing loans by category as a percent of its own respective category’s period-end balance:         Commercial 0.50%  0.49%  0.46%  0.40%  0.49%Commercial real estate 0.12   0.12   0.18   0.21   0.25 Home equity 0.24   0.24   0.25   0.27   0.38 Residential real estate 0.57   0.61   0.76   0.70   0.71 Premium finance receivables - property & casualty 0.51   0.63   0.59   0.45   0.54 Premium finance receivables - life insurance —   —   —   —   0.00 Consumer and other 0.18   0.02   0.04   0.07   0.19 Total loans, net of unearned income 0.32%  0.34%  0.35%  0.31%  0.37%Total non-performing assets as a percentage of total assets 0.26%  0.28%  0.29%  0.27%  0.31%Allowance for loan losses and unfunded lending-related commitments losses as a percentage of non-accrual loans 294.85%  282.38%  276.15%  303.67%  262.71%           (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 EndedSix Months Ended Jun 30, Mar 31, Dec 31, Sep 30, Jun 30,Jun 30, Jun 30,(In thousands) 2026   2026   2025   2025   2025  2026   2025 Balance at beginning of period$182,749  $185,808  $162,632  $188,838  $172,390 $185,808  $170,823 Additions from becoming non-performing in the respective period 31,070   24,969   46,198   34,805   48,651  56,039   76,372 Return to performing status (1,671)  (3,663)  (2,937)  (3,399)  (6,896) (5,334)  (8,103)Payments received (19,503)  (13,780)  (13,734)  (28,052)  (5,602) (33,283)  (21,567)Transfer to OREO or other assets —   (868)  (286)  (348)  (2,247) (868)  (2,247)Charge-offs, net (7,860)  (10,930)  (16,998)  (21,526)  (11,734) (18,790)  (20,334)Net change for premium finance receivables (5,514)  1,213   10,933   (7,686)  (5,724) (4,301)  (6,106)Balance at end of period$179,271  $182,749  $185,808  $162,632  $188,838 $179,271  $188,838                             Other Real Estate Owned

 Three Months Ended Jun 30, Mar 31, Dec 31, Sep 30, Jun 30,(In thousands) 2026   2026   2025  2025
  2025 Balance at beginning of period$17,439  $20,839  $24,832  $23,615 $22,625 Disposals/resolved (1,499)  (4,760)  (2,141)  —  — Transfers in at fair value, less costs to sell —   1,360   —   1,217  1,315 Fair value adjustments —   —   (1,852)  —  (325)Balance at end of period$15,940  $17,439  $20,839  $24,832 $23,615            Period End(In thousands)Jun 30, Mar 31, Dec 31, Sep 30, Jun 30,Balance by Property Type: 2026   2026   2025   2025  2025 Residential real estate$—  $—  $—  $— $— Commercial real estate 15,940   17,439   20,839   24,832  23,615 Total$15,940  $17,439  $20,839  $24,832 $23,615                     TABLE 15: NON-INTEREST INCOME

 Three Months EndedQ2 2026 compared to
Q1 2026
Q2 2026 compared to
Q2 2025 Jun 30, Mar 31, Dec 31, Sep 30, Jun 30,(Dollars in thousands) 2026   2026   2025   2025   2025$ Change % Change$ Change % ChangeBrokerage$4,985  $5,301  $5,384  $4,426  $4,212$(316) (6)%$773  18%Trust and asset management 34,898   36,758   33,981   32,762   32,609 (1,860) (5) 2,289  7 Total wealth management 39,883   42,059   39,365   37,188   36,821 (2,176) (5) 3,062  8 Mortgage banking 27,438   23,396   22,625   24,451   23,170 4,042  17  4,268  18 Service charges on deposit accounts 21,240   20,970   20,402   19,825   19,502 270  1  1,738  9 Gains (losses) on investment securities, net 1,845   (31)  1,505   2,972   650 1,876  NM 1,195  NMFees from covered call options 4,793   4,669   5,992   5,619   5,624 124  3  (831) (15)Trading gains (losses), net 70   10   (257)  172   151 60  NM (81) (54)Operating lease income, net 18,804   19,154   16,365   15,466   15,166 (350) (2) 3,638  24 Other:               Interest rate swap fees 3,117   4,041   4,664   3,909   3,010 (924) (23) 107  4 BOLI 3,216   948   1,915   1,591   2,257 2,268  NM 959  42 Administrative services 1,341   1,243   1,352   1,240   1,315 98  8  26  2 Foreign currency remeasurement gains (losses) 253   (368)  322   (416)  658 621  NM (405) (62)Changes in fair value on EBOs and loans held-for-investment (373)  (287)  (1,702)  1,452   172 (86) (30) (545) NMEarly pay-offs of capital leases 1,054   1,198   581   519   400 (144) (12) 654  NMMiscellaneous 18,588   17,140   17,261   16,839   15,193 1,448  8  3,395  22 Total Other 27,196   23,915   24,393   25,134   23,005 3,281  14  4,191  18 Total Non-Interest Income$141,269  $134,142  $130,390  $130,827  $124,089$7,127  5%$17,180  14%  Six Months Ended2026 compared to 2025
 Jun 30, Jun 30,(Dollars in thousands) 2026   2025$ Change % ChangeBrokerage$10,286  $8,969$1,317  15%Trust and asset management 71,656   61,894 9,762  16 Total wealth management 81,942   70,863 11,079  16 Mortgage banking 50,834   43,699 7,135  16 Service charges on deposit accounts 42,210   38,864 3,346  9 Gains on investment securities, net 1,814   3,846 (2,032) (53)Fees from covered call options 9,462   9,070 392  4 Trading gains, net 80   87 (7) (8)Operating lease income, net 37,958   30,453 7,505  25 Other:      Interest rate swap fees 7,158   5,279 1,879  36 BOLI 4,164   3,053 1,111  36 Administrative services 2,584   2,708 (124) (5)Foreign currency remeasurement (losses) gains (115)  475 (590) NMChanges in fair value on EBOs and loans held-for-investment (660)  555 (1,215) NMEarly pay-offs of capital leases 2,252   1,168 1,084  93 Miscellaneous 35,728   30,603 5,125  17 Total Other 51,111   43,841 7,270  17 Total Non-Interest Income$275,411  $240,723$34,688  14%              NM - Not meaningful.
BOLI - Bank-owned life insurance.
EBO - Early buy-out.

TABLE 16: MORTGAGE BANKING

 Three Months Ended(Dollars in thousands)Jun 30,
2026 Mar 31,
2026 Dec 31,
2025 Sep 30,
2025 Jun 30,
2025Originations:         Retail originations$660,325  $441,749  $589,139  $505,793  $523,759 Veterans First originations 174,644   152,244   208,054   137,600   157,787 Total originations for sale (A)$834,969  $593,993  $797,193  $643,393  $681,546 Originations for investment 315,487   371,540   364,988   351,012   422,926 Total originations$1,150,456  $965,533  $1,162,181  $994,405  $1,104,472 As a percentage of originations for sale:         Retail originations 79%  74%  74%  79%  77%Veterans First originations 21   26   26   21   23 Purchases 74%  52%  52%  77%  74%Refinances 26   48   48   23   26 Production Margin:         Production revenue (B)(1)$13,150  $13,028  $10,878  $15,388  $13,380 Total originations for sale (A)$834,969  $593,993  $797,193  $643,393  $681,546 Add: Current period end mandatory interest rate lock commitments to fund originations for sale(2) 171,656   218,156   122,804   307,932   163,664 Less: Prior period end mandatory interest rate lock commitments to fund originations for sale(2) 218,156   122,804   307,932   163,664   197,297 Total mortgage production volume (C)$788,469  $689,345  $612,065  $787,661  $647,913 Production margin (B / C) 1.67%  1.89%  1.78%  1.95%  2.07%Mortgage Servicing:         Loans serviced for others (D)$12,669,679  $12,534,513  $12,608,694  $12,524,131  $12,470,924 Mortgage Servicing Rights (“MSR”), at fair value (E) 201,903   195,276   195,023   190,938   193,061 Percentage of MSRs to loans serviced for others (E / D) 1.59%  1.56%  1.55%  1.52%  1.55%Servicing income$10,724  $10,353  $10,185  $10,112  $10,520 MSR Fair Value Asset Activity         MSR - FV at Beginning of Period$195,276  $195,023  $190,938  $193,061  $196,307 MSR - current period capitalization 8,745   6,434   9,150   5,829   6,336 MSR - collection of expected cash flows - paydowns (1,684)  (1,620)  (1,550)  (1,554)  (1,516)MSR - collection of expected cash flows - payoffs and repurchases (4,815)  (5,021)  (6,250)  (4,050)  (4,100)MSR - changes in fair value model assumptions 4,381   460   2,735   (2,348)  (3,966)MSR Fair Value at end of period$201,903  $195,276  $195,023  $190,938  $193,061 Summary of Mortgage Banking Revenue:         Operational:         Production revenue(1)$13,150  $13,028  $10,878  $15,388  $13,380 MSR - Current period capitalization 8,745   6,434   9,150   5,829   6,336 MSR - Collection of expected cash flows - paydowns (1,684)  (1,620)  (1,550)  (1,554)  (1,516)MSR - Collection of expected cash flows - payoffs and repurchases (4,815)  (5,021)  (6,250)  (4,050)  (4,100)Servicing Income 10,724   10,353   10,185   10,112   10,520 Other Revenue 72   (45)  (17)  (345)  (79)Total operational mortgage banking revenue$26,192  $23,129  $22,396  $25,380  $24,541 Fair Value:         MSR - changes in fair value model assumptions$4,381  $460  $2,735  $(2,348) $(3,966)(Loss) gain on derivative contract held as an economic hedge, net (3,396)  (900)  (2,425)  265   2,535 Changes in FV on early buy-out loans guaranteed by US Govt held-for-sale 261   707   (81)  1,154   60 Total fair value mortgage banking revenue$1,246  $267  $229  $(929) $(1,371)Total mortgage banking revenue$27,438  $23,396  $22,625  $24,451  $23,170  (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.

 Six Months Ended(Dollars in thousands)Jun 30,
2026 Jun 30,
2025Originations:   Retail originations$1,102,074  $872,227 Veterans First originations 326,888   269,772 Total originations for sale (A)$1,428,962  $1,141,999 Originations for investment 687,027   640,103 Total originations$2,115,989  $1,782,102 As a percentage of originations for sale:   Retail originations 77%  76%Veterans First originations 23   24 Purchases 65%  75%Refinances 35   25 Production Margin:   Production revenue (B)(1)$26,178  $23,321 Total originations for sale (A)$1,428,962  $1,141,999 Add: Current period end mandatory interest rate lock commitments to fund originations for sale(2) 171,656   163,664 Less: Prior period end mandatory interest rate lock commitments to fund originations for sale(2) 122,804   103,946 Total mortgage production volume (C)$1,477,814  $1,201,717 Production margin (B / C) 1.77%  1.94%Mortgage Servicing:   Loans serviced for others (D)$12,669,679  $12,470,924 MSRs, at fair value (E) 201,903   193,061 Percentage of MSRs to loans serviced for others (E / D) 1.59%  1.55%Servicing income$21,077  $21,131 MSR Fair Value Asset Activity   MSR - FV at Beginning of Period$195,023  $203,788 MSR - current period capitalization 15,179   11,005 MSR - collection of expected cash flows - paydowns (3,304)  (3,106)MSR - collection of expected cash flows - payoffs and repurchases (9,836)  (7,146)MSR - changes in fair value model assumptions 4,841   (11,480)MSR Fair Value at end of period$201,903  $193,061 Summary of Mortgage Banking Revenue:   Operational:   Production revenue(1)$26,178  $23,321 MSR - Current period capitalization 15,179   11,005 MSR - Collection of expected cash flows - paydowns (3,304)  (3,106)MSR - Collection of expected cash flows - payoffs and repurchases (9,836)  (7,146)Servicing Income 21,077   21,131 Other Revenue 27   (251)Total operational mortgage banking revenue$49,321  $44,954 Fair Value:   MSR - changes in fair value model assumptions$4,841  $(11,480)(Loss) gain on derivative contract held as an economic hedge, net (4,296)  7,432 Changes in FV on early buy-out loans guaranteed by US Govt held-for-sale 968   2,793 Total fair value mortgage banking revenue$1,513  $(1,255)Total mortgage banking revenue$50,834  $43,699  (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.

TABLE 17: NON-INTEREST EXPENSE

 Three Months EndedQ2 2026 compared to
Q1 2026
Q2 2026 compared to
Q2 2025 Jun 30, Mar 31, Dec 31, Sep 30, Jun 30,(Dollars in thousands) 2026   2026  2025   2025  2025$ Change % Change$ Change % ChangeSalaries and employee benefits:               Salaries$129,875  $129,086 $124,856  $124,623 $123,174$789  1%$6,701  5%Commissions and incentive compensation 62,463   57,407  57,117   56,244  55,871 5,056  9  6,592  12 Benefits 41,751   41,954  40,584   38,801  40,496 (203) —  1,255  3 Total salaries and employee benefits 234,089   228,447  222,557   219,668  219,541 5,642  2  14,548  7 Software and equipment 39,288   35,654  36,096   35,027  36,522 3,634  10  2,766  8 Operating lease equipment 11,187   10,987  11,034   10,409  10,757 200  2  430  4 Occupancy, net 21,153   20,566  20,105   20,809  20,228 587  3  925  5 Data processing 10,659   11,266  11,809   11,329  12,110 (607) (5) (1,451) (12)Advertising and marketing 20,432   13,218  13,792   19,027  18,761 7,214  55  1,671  9 Professional fees 9,342   7,375  8,280   7,465  9,243 1,967  27  99  1 Amortization of other acquisition-related intangible assets 4,921   4,958  4,999   5,196  5,580 (37) (1) (659) (12)FDIC insurance 11,796   10,990  11,061   11,418  10,971 806  7  825  8 FDIC insurance - special assessment (5,156)  —  (499)  —  — (5,156) (100) (5,156) (100)OREO expense, net 786   207  2,162   262  505 579  NM 281  56 Other:               Lending expenses, net of deferred origination costs 6,165   6,510  6,367   6,169  4,869 (345) (5) 1,296  27 Travel and entertainment 6,938   5,426  7,965   6,029  6,026 1,512  28  912  15 Miscellaneous 25,937   27,028  28,725   27,220  26,348 (1,091) (4) (411) (2)Total other 39,040   38,964  43,057   39,418  37,243 76  —  1,797  5 Total Non-Interest Expense$397,537  $382,632 $384,453  $380,028 $381,461$14,905  4%$16,076  4%                               Six Months Ended2026 compared to 2025
 Jun 30, Jun 30,(Dollars in thousands) 2026   2025$ Change % ChangeSalaries and employee benefits:      Salaries$258,961  $247,091$11,870  5%Commissions and incentive compensation 119,870   108,407 11,463  11 Benefits 83,705   75,569 8,136  11 Total salaries and employee benefits 462,536   431,067 31,469  7 Software and equipment 74,942   71,239 3,703  5 Operating lease equipment 22,174   21,228 946  4 Occupancy, net 41,719   41,006 713  2 Data processing 21,925   23,384 (1,459) (6)Advertising and marketing 33,650   31,033 2,617  8 Professional fees 16,717   18,287 (1,570) (9)Amortization of other acquisition-related intangible assets 9,879   11,198 (1,319) (12)FDIC insurance 22,786   21,897 889  4 FDIC insurance - special assessment (5,156)  — (5,156) (100)OREO expense, net 993   1,148 (155) (14)Other:      Lending expenses, net of deferred origination costs 12,675   10,735 1,940  18 Travel and entertainment 12,364   11,296 1,068  9 Miscellaneous 52,965   54,033 (1,068) (2)Total other 78,004   76,064 1,940  3 Total Non-Interest Expense$780,169  $747,551$32,618  4% 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 EndedSix Months Ended Jun 30, Mar 31, Dec 31, Sep 30, Jun 30,Jun 30, Jun 30,(Dollars and shares in thousands) 2026   2026   2025   2025   2025  2026   2025 Reconciliation of Non-GAAP Net Interest Margin and Efficiency Ratio:   (A) Interest Income (GAAP)$961,412  $927,560  $956,326  $963,834  $920,908 $1,888,972  $1,807,873 Taxable-equivalent adjustment:            - Loans 2,111   2,026   2,134   2,154   2,200  4,137   4,406 - Liquidity Management Assets 630   586   661   675   680  1,216   1,370 - Other Earning Assets —   —   —   —   —  —   3 (B) Interest Income (non-GAAP)$964,153  $930,172  $959,121  $966,663  $923,788 $1,894,325  $1,813,652 (C) Interest Expense (GAAP) 364,046   348,536   372,452   396,824   374,214  712,582   734,705 (D) Net Interest Income (GAAP) (A minus C) 597,366   579,024   583,874   567,010   546,694  1,176,390   1,073,168 (E) Net Interest Income (non-GAAP) (B minus C) 600,107   581,636   586,669   569,839   549,574  1,181,743   1,078,947 Net interest margin (GAAP) 3.50%  3.54%  3.52%  3.48%  3.52% 3.52%  3.53%Net interest margin, fully taxable-equivalent (non-GAAP) 3.52   3.56   3.54   3.50   3.54  3.54   3.55 (F) Non-interest income$141,269  $134,142  $130,390  $130,827  $124,089 $275,411  $240,723 (G) Gains (losses) on investment securities, net 1,845   (31)  1,505   2,972   650  1,814   3,846 (H) Non-interest expense 397,537   382,632   384,453   380,028   381,461  780,169   747,551 Efficiency ratio (H/(D+F-G)) 53.96%  53.65%  53.94%  54.69%  56.92% 53.81%  57.06%Efficiency ratio (non-GAAP) (H/(E+F-G)) 53.76   53.45   53.73   54.47   56.68  53.61   56.81  Three Months EndedSix Months Ended Jun 30, Mar 31, Dec 31, Sep 30, Jun 30,Jun 30, Jun 30,(Dollars and shares in thousands) 2026   2026   2025   2025   2025  2026   2025 Reconciliation of Non-GAAP Tangible Common Equity Ratio:   Total shareholders’ equity (GAAP)$7,525,116  $7,378,100  $7,258,715  $7,045,757  $7,225,696    Less: Non-convertible preferred stock (GAAP) (425,000)  (425,000)  (425,000)  (425,000)  (837,500)   Less: Acquisition-related intangible assets (GAAP) (885,338)  (890,698)  (895,959)  (902,936)  (908,639)   (I) Total tangible common shareholders’ equity (non-GAAP)$6,214,778  $6,062,402  $5,937,756  $5,717,821  $5,479,557    (J) Total assets (GAAP)$74,668,135  $72,157,433  $71,142,046  $69,629,638  $68,983,318    Less: Acquisition-related intangible assets (GAAP) (885,338)  (890,698)  (895,959)  (902,936)  (908,639)   (K) Total tangible assets (non-GAAP)$73,782,797  $71,266,735  $70,246,087  $68,726,702  $68,074,679    Common equity to assets ratio (GAAP) (L/J) 9.5%  9.6%  9.6%  9.5%  9.3%   Tangible common equity ratio (non-GAAP) (I/K) 8.4   8.5   8.5   8.3   8.0     Reconciliation of Non-GAAP Tangible Book Value per Common Share:   Total shareholders’ equity$7,525,116  $7,378,100  $7,258,715  $7,045,757  $7,225,696    Less: Non-convertible preferred stock (GAAP) (425,000)  (425,000)  (425,000)  (425,000)  (837,500)   (L) Total common equity$7,100,116  $6,953,100  $6,833,715  $6,620,757  $6,388,196    (M) Actual common shares outstanding 67,455   67,437   66,975   66,961   66,938    Book value per common share (L/M)$105.26  $103.10  $102.03  $98.87  $95.43    Tangible book value per common share (non-GAAP) (I/M) 92.13   89.90   88.66   85.39   81.86                 Reconciliation of Non-GAAP Return on Average Tangible Common Equity:   (N) Net income applicable to common shares$225,326  $219,021  $214,657  $188,913  $188,536 $444,347  $370,584 Add: Acquisition-related intangible asset amortization 4,921   4,958   4,999   5,196   5,580  9,879   11,198 Less: Tax effect of acquisition-related intangible asset amortization (1,304)  (1,210)  (1,310)  (1,403)  (1,495) (2,519)  (2,923)After-tax Acquisition-related intangible asset amortization$3,617  $3,748  $3,689  $3,793  $4,085 $7,360  $8,275 (O) Tangible net income applicable to common shares (non-GAAP)$228,943  $222,769  $218,346  $192,706  $192,621 $451,707  $378,859 Total average shareholders’ equity$7,474,449  $7,387,713  $7,166,608  $6,955,543  $6,862,040 $7,431,321  $6,662,598 Less: Average preferred stock (425,000)  (425,000)  (425,000)  (483,288)  (599,313) (425,000)  (506,423)(P) Total average common shareholders’ equity$7,049,449  $6,962,713  $6,741,608  $6,472,255  $6,262,727 $7,006,321  $6,156,175 Less: Average acquisition-related intangible assets (889,059)  (894,211)  (901,022)  (906,032)  (910,924) (891,620)  (913,483)(Q) Total average tangible common shareholders’ equity (non-GAAP)$6,160,390  $6,068,502  $5,840,586  $5,566,223  $5,351,803 $6,114,701  $5,242,692 Return on average common equity, annualized (N/P) 12.82%  12.76%  12.63%  11.58%  12.07% 12.79%  12.14%Return on average tangible common equity, annualized (non-GAAP) (O/Q) 14.91   14.89   14.83   13.74   14.44  14.90   14.57              Reconciliation of Non-GAAP Pre-Tax, Pre-Provision Income:     Income before taxes$317,964  $300,940  $302,223  $296,041  $267,088 $618,904  $520,143 Add: Provision for credit losses 23,134   29,594   27,588   21,768   22,234  52,728   46,197 Pre-tax income, excluding provision for credit losses (non-GAAP)$341,098  $330,534  $329,811  $317,809  $289,322 $671,632  $566,340   Three Months EndedSix Months Ended Jun 30, Mar 31, Dec 31, Sep 30, Jun 30,Jun 30, Jun 30,(Dollars and shares in thousands, except per share data)2026
 2026
 2025
 2025
 2025
2026
 2025
Reconciliation of Non-GAAP Net Income per Common Share:     Net income$233,693 $227,388 $223,024 $216,254 $195,527$461,081 $384,566Preferred stock dividends 8,367  8,367  8,367  13,295  6,991 16,734  13,982Preferred stock redemption —  —  —  14,046  — —  —(R) Net income applicable to common shares$225,326 $219,021 $214,657 $188,913 $188,536$444,347 $370,584(S) Weighted average common shares outstanding 67,434  67,246  66,970  66,952  66,931 67,341  66,829Dilutive potential common shares 852  851  1,143  1,028  888 852  903(T) Average common shares and dilutive common shares 68,286  68,097  68,113  67,980  67,819 68,193  67,732Net income per common share - Basic (R/S)$3.34 $3.26 $3.21 $2.82 $2.82$6.60 $5.55Net income per common share - Diluted (R/T)$3.30 $3.22 $3.15 $2.78 $2.78$6.52 $5.47Preferred stock series F excess one-time extended first dividend$— $— $— $4,927 $—$— $—Preferred stock redemption —  —  —  14,046  — —  —(U) Total non-recurring preferred stock offering impact (non-GAAP)$— $— $— $18,973 $—$— $—Net income per common share - Basic (non-GAAP) (R+U)/S$3.34 $3.26 $3.21 $3.11 $2.82$6.60 $5.55Net income per common share - Diluted (non-GAAP) (R+U)/T$3.30 $3.22 $3.15 $3.06 $2.78$6.52 $5.47                     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 property and casualty and life insurance loan customers, respectively, throughout the United States.First Insurance Funding of Canada serves property and casualty 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 2025 Annual Report on Form 10-K and in any of the Company’s subsequent Securities and Exchange Commission 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 and uncertainties, 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; andwidespread 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 any forward-looking statement. 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, July 21, 2026 at 10:00 a.m. (CDT) regarding second quarter and year-to-date 2026 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 June 30, 2026 available at the Investor Relations, News and Events, News 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, News and Events, Events and Presentations link. The text of the second quarter and year-to-date 2026 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, News and Events, News link on its website.

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

Analysts on Wall Street project that Wintrust Financial (WTFC - Free Report) will announce quarterly earnings of $3.15 per share in its forthcoming report, representing an increase of 13.3% year over year. Revenues are projected to reach $737.16 million, increasing 9.9% from the same quarter last year.

Over the last 30 days, there has been a downward revision of 0.2% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.

Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.

While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.

Bearing this in mind, let's now explore the average estimates of specific Wintrust metrics that are commonly monitored and projected by Wall Street analysts.

The collective assessment of analysts points to an estimated 'Efficiency Ratio' of 54.0%. Compared to the current estimate, the company reported 56.9% in the same quarter of the previous year.

Analysts' assessment points toward 'Net Interest Margin' reaching 3.6%. The estimate is in contrast to the year-ago figure of 3.5%.

The consensus among analysts is that 'Average balance - Total earning assets' will reach $67.86 billion. The estimate is in contrast to the year-ago figure of $62.22 billion.

Based on the collective assessment of analysts, 'Total Non-Interest Income' should arrive at $135.50 million. The estimate is in contrast to the year-ago figure of $124.09 million.

Analysts predict that the 'Net interest income - FTE' will reach $601.66 million. Compared to the current estimate, the company reported $549.57 million in the same quarter of the previous year.

Analysts expect 'Wealth management' to come in at $42.85 million. Compared to the present estimate, the company reported $36.82 million in the same quarter last year.

According to the collective judgment of analysts, 'Fees from covered call options' should come in at $5.00 million. The estimate compares to the year-ago value of $5.62 million.

The combined assessment of analysts suggests that 'Other Non-Interest Income' will likely reach $21.05 million. Compared to the current estimate, the company reported $23.01 million in the same quarter of the previous year.

It is projected by analysts that the 'Service charges on deposit accounts' will reach $21.20 million. Compared to the current estimate, the company reported $19.50 million in the same quarter of the previous year.

The consensus estimate for 'Mortgage banking' stands at $26.42 million. The estimate compares to the year-ago value of $23.17 million.

The average prediction of analysts places 'Operating lease income, net' at $16.60 million. Compared to the present estimate, the company reported $15.17 million in the same quarter last year.

Analysts forecast 'Net Interest Income' to reach $599.82 million. Compared to the current estimate, the company reported $546.69 million in the same quarter of the previous year.

View all Key Company Metrics for Wintrust here>>>

Over the past month, Wintrust shares have recorded returns of +3.3% versus the Zacks S&P 500 composite's +1.6% change. Based on its Zacks Rank #3 (Hold), WTFC will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

Key Takeaways NTRS to sell its guardianship services business to WTFC's subsidiary, covering $1.2B in AUM.The sale allows NTRS to focus on core wealth management, asset servicing and asset management businesses.NTRS continues investing in core franchises, including asset management and ultra-high-net-worth services. Northern Trust Corporation (NTRS - Free Report) has agreed to sell its guardianship services business to Wintrust Financial Corporation's (WTFC - Free Report) subsidiary, Wintrust Private Trust Company. The transaction, expected to close later this year, includes approximately $1.2 billion in assets under management (AUM). The financial terms of the transaction were not disclosed.

The business provides guardianship services for individuals who are legally unable to manage their own affairs because of age, disability or incapacity. As part of the agreement, Northern Trust's guardianship team is expected to join WTFC after the transaction closes, ensuring continuity of service for clients.

Sale Aligns With NTRS' Core Growth StrategyThe divestiture aligns with Northern Trust's broader strategy of strengthening its core wealth management, asset servicing and asset management businesses. By exiting the guardianship services business, the company can further concentrate on expanding its larger fee-based franchises while continuing to invest in its core businesses.

In line with this strategy, the company's investment management division, Northern Trust Asset Management, partnered with Envestnet in January 2026 to expand the distribution of its tax-managed direct indexing solutions. In 2025, NTRS launched Family Office Solutions to enhance services for ultra-high-net-worth clients. The company has also continued to secure new asset servicing mandates from global asset owners while benefiting from healthy trust fee growth within its wealth management business.

As of March 31, 2026, Northern Trust managed $1.8 trillion in AUM and $18.6 trillion in assets under custody. The sale of the guardianship services business to Wintrust complements these initiatives by further streamlining the company's portfolio and reinforcing its focus on these core franchises, which remain central to its long-term growth strategy.

NTRS’ Price Performance & Zacks RankOver the past six months, shares of Northern Trust have gained 25.5% compared with the industry’s growth of 12.8%.

Image Source: Zacks Investment Research

At present, NTRS carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Similar Steps Taken by Other Financial FirmsLast week, Deutsche Bank AG (DB - Free Report) entered into a definitive agreement to sell its retail banking, affluent private banking and wealth management business in India to Kotak Mahindra Bank.

The divestiture aligns with DB's broader Global Hausbank strategy, announced in November 2025, which emphasizes simplifying operations, disciplined capital allocation and concentrating investments in businesses with stronger scale and competitive advantages.

In June 2026, Citigroup Inc.'s (C - Free Report) subsidiary, Bank Handlowy w Warszawie S.A., operating under the Citi Handlowy brand, announced the completion of the sale of its consumer banking business in Poland to VeloBank S.A. While financially immaterial to the company, the sale provides a modest regulatory capital benefit on a cumulative basis since it was first announced in May 2025.

This marks the final divestiture of the C's international consumer businesses, excluding the largely completed wind-downs and the well-advanced Banamex divestiture. Apart from being a key milestone in Citigroup's streamlining efforts, this allows the company to focus on its core businesses and institutional banking operations.

June 30, 2026 16:15 ET  | Source: Wintrust Financial Corporation

ROSEMONT, Ill., June 30, 2026 (GLOBE NEWSWIRE) -- Wintrust Financial Corporation ("Wintrust") (Nasdaq: WTFC) today announced it will release second quarter and year-to-date 2026 earnings results after the market closes on Monday, July 20, 2026, and host a conference call on Tuesday, July 21, 2026, at 10:00 a.m. CDT.

For individuals wanting to listen to a simultaneous audio-only web cast, this may be accessed at Webcast Link.

Individuals interested in participating in the call by addressing questions to management should register for the call at Conference Call Link to receive a dial-in number and unique PIN to access the call seamlessly. It is recommended that you join 10 minutes prior to the event start (although you may register and dial in at any time during the call).

An accompanying slide presentation will be available on the Company’s website at www.wintrust.com, Investor Relations link.

A replay of the audio-only webcast and an accompanying slide presentation will subsequently be available at www.wintrust.com, Investor Relations, News & Events, Events & Presentations link.   The text of the second quarter and year-to-date 2026 earnings release will be available at www.wintrust.com, Investor Relations, News & Events, News link.

About Wintrust

Wintrust is a financial holding company with approximately $72 billion in assets whose common stock is traded on the NASDAQ Global Select Market. Guided by its “Different Approach, Better Results” philosophy, Wintrust offers the sophisticated resources of a large bank while providing a community banking experience to each customer. Wintrust operates more than 200 retail banking locations through 16 community bank subsidiaries in the greater Chicago, southern Wisconsin, west Michigan, northwest Indiana, and southwest Florida market areas. In addition, Wintrust operates various non-bank business units, providing residential mortgage origination, wealth management, commercial and life insurance premium financing, short-term accounts receivable financing/outsourced administrative services to the temporary staffing services industry, and qualified intermediary services for tax-deferred exchanges. For more information, please visit www.wintrust.com.

Forward-Looking Information

This press release contains forward-looking statements within the meaning of the federal securities laws. Investors are cautioned that such statements are predictions and that actual events or results may differ materially. Wintrust's expected financial results or other plans are subject to a number of risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" and the forward-looking statement disclosure contained in Wintrust's Annual Report on Form 10-K for the most recently ended fiscal year and in Wintrust’s subsequent Quarterly Report on Form 10-Q. Forward-looking statements speak only as of the date made and Wintrust undertakes no duty to update the information.

FOR MORE INFORMATION CONTACT:
David A. Dykstra, Vice Chairman & Chief Operating Officer
(847) 939-9000
Amy Yuhn, Executive Vice President, Communications
(847) 939-9591
Website address: www.wintrust.com

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March 18, 2026 17:35 ET  | Source: Wintrust Financial Corporation

ROSEMONT, Ill., March 18, 2026 (GLOBE NEWSWIRE) -- Wintrust Financial Corporation ("Wintrust") (Nasdaq: WTFC) today announced it will release first quarter 2026 earnings results after the market closes on Monday, April 20, 2026, and host a conference call on Tuesday, April 21, 2026, at 10:00 a.m. CDT. 

For individuals wanting to listen to a simultaneous audio-only web cast, this may be accessed at Webcast Link.

Individuals interested in participating in the call by addressing questions to management should register for the call at Conference Call Link to receive a dial-in number and unique PIN to access the call seamlessly. It is recommended that you join 10 minutes prior to the event start (although you may register and dial in at any time during the call).

An accompanying slide presentation will be available on the Company’s website at www.wintrust.com, Investor Relations link.

A replay of the audio-only webcast and an accompanying slide presentation will subsequently be available at www.wintrust.com, Investor Relations, News and Events, Events & Presentations link. The text of the first quarter 2026 earnings release will be available at www.wintrust.com, Investor Relations, News and Events, News link.

About Wintrust

Wintrust is a financial holding company with approximately $71 billion in assets whose common stock is traded on the NASDAQ Global Select Market. Guided by its “Different Approach, Better Results” philosophy, Wintrust offers the sophisticated resources of a large bank while providing a community banking experience to each customer. Wintrust operates more than 200 retail banking locations through 16 community bank subsidiaries in the greater Chicago, southern Wisconsin, west Michigan, northwest Indiana, and southwest Florida market areas. In addition, Wintrust operates various non-bank business units, providing residential mortgage origination, wealth management, commercial and life insurance premium financing, short-term accounts receivable financing/outsourced administrative services to the temporary staffing services industry, and qualified intermediary services for tax-deferred exchanges. For more information, please visit www.wintrust.com.

Forward-Looking Information

This press release contains forward-looking statements within the meaning of the federal securities laws. Investors are cautioned that such statements are predictions and that actual events or results may differ materially. Wintrust's expected financial results or other plans are subject to a number of risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" and the forward-looking statement disclosure contained in Wintrust's Annual Report on Form 10-K for the most recently ended fiscal year. Forward-looking statements speak only as of the date made and Wintrust undertakes no duty to update the information.

FOR MORE INFORMATION CONTACT:
David A. Dykstra, Vice Chairman & Chief Operating Officer
(847) 939-9000
Amy Yuhn, Executive Vice President, Communications
(847) 939-9591
Website address: www.wintrust.com 

Wintrust Financial (WTFC - Free Report) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.

The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.

Since a changing earnings picture is a powerful factor influencing near-term stock price movements, the Zacks rating system is very useful for individual investors. They may find it difficult to make decisions based on rating upgrades by Wall Street analysts, as these are mostly driven by subjective factors that are hard to see and measure in real time.

As such, the Zacks rating upgrade for Wintrust is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price.

Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. The influence of institutional investors has a partial contribution to this relationship, as these big professionals use earnings and earnings estimates to calculate the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their transaction of large amounts of shares then leads to price movement for the stock.

Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for Wintrust imply an improvement in the company's underlying business. Investors should show their appreciation for this improving business trend by pushing the stock higher.

Harnessing the Power of Earnings Estimate RevisionsAs empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.

The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>> .

Earnings Estimate Revisions for WintrustFor the fiscal year ending December 2026, this bank holding company is expected to earn $12.57 per share, which is unchanged compared with the year-ago reported number.

Analysts have been steadily raising their estimates for Wintrust. Over the past three months, the Zacks Consensus Estimate for the company has increased 3.1%.

Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of "buy" and "sell" ratings for its entire universe of more than 4,000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a "Strong Buy" rating and the next 15% get a "Buy" rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.

You can learn more about the Zacks Rank here >>>

The upgrade of Wintrust to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.

Posted by Defense World Staff on Apr 4th, 2026

Allspring Global Investments Holdings LLC cut its holdings in Wintrust Financial Corporation (NASDAQ:WTFC – Free Report) by 5.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 190,487 shares of the bank’s stock after selling 10,223 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.28% of Wintrust Financial worth $27,175,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. First Trust Advisors LP boosted its holdings in shares of Wintrust Financial by 5.4% during the 3rd quarter. First Trust Advisors LP now owns 1,992,906 shares of the bank’s stock worth $263,940,000 after buying an additional 102,833 shares in the last quarter. Earnest Partners LLC grew its holdings in Wintrust Financial by 0.6% in the third quarter. Earnest Partners LLC now owns 1,442,018 shares of the bank’s stock worth $190,981,000 after purchasing an additional 8,048 shares during the period. Principal Financial Group Inc. increased its stake in Wintrust Financial by 6.1% in the third quarter. Principal Financial Group Inc. now owns 1,300,234 shares of the bank’s stock valued at $172,204,000 after purchasing an additional 75,155 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Wintrust Financial by 9.0% during the second quarter. Invesco Ltd. now owns 1,229,858 shares of the bank’s stock valued at $152,478,000 after purchasing an additional 101,134 shares during the period. Finally, Bank of America Corp DE boosted its position in shares of Wintrust Financial by 1.4% during the 3rd quarter. Bank of America Corp DE now owns 1,071,763 shares of the bank’s stock worth $141,944,000 after purchasing an additional 15,044 shares in the last quarter. 93.48% of the stock is owned by institutional investors and hedge funds.

Wintrust Financial Price Performance Shares of NASDAQ WTFC opened at $139.60 on Friday. Wintrust Financial Corporation has a one year low of $89.10 and a one year high of $162.96. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.00 and a quick ratio of 0.99. The business’s fifty day moving average price is $144.42 and its 200-day moving average price is $138.61. The stock has a market capitalization of $9.39 billion, a PE ratio of 12.25 and a beta of 0.86.

Wintrust Financial (NASDAQ:WTFC – Get Free Report) last announced its quarterly earnings data on Tuesday, January 20th. The bank reported $3.15 earnings per share for the quarter, topping the consensus estimate of $2.93 by $0.22. The company had revenue of $714.26 million during the quarter, compared to analyst estimates of $700.85 million. Wintrust Financial had a return on equity of 12.95% and a net margin of 19.48%.During the same quarter last year, the firm posted $2.63 EPS. On average, equities research analysts anticipate that Wintrust Financial Corporation will post 10.36 EPS for the current year.

Wintrust Financial Increases Dividend The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 19th. Investors of record on Thursday, February 5th were paid a $0.55 dividend. The ex-dividend date was Thursday, February 5th. This represents a $2.20 dividend on an annualized basis and a yield of 1.6%. This is a positive change from Wintrust Financial’s previous quarterly dividend of $0.50. Wintrust Financial’s dividend payout ratio (DPR) is presently 19.30%.

Wall Street Analyst Weigh In WTFC has been the subject of several research reports. TD Cowen raised their target price on Wintrust Financial from $170.00 to $177.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Stephens initiated coverage on Wintrust Financial in a report on Friday, March 27th. They issued an “equal weight” rating and a $160.00 price target on the stock. Citigroup raised their price objective on Wintrust Financial from $167.00 to $178.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Weiss Ratings restated a “buy (b-)” rating on shares of Wintrust Financial in a report on Wednesday, January 21st. Finally, Barclays upped their target price on Wintrust Financial from $178.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $163.62.

Get Our Latest Stock Report on WTFC

Insider Buying and Selling at Wintrust Financial In other news, EVP Kathleen M. Boege sold 5,000 shares of Wintrust Financial stock in a transaction on Thursday, January 29th. The stock was sold at an average price of $146.38, for a total value of $731,900.00. Following the completion of the transaction, the executive vice president directly owned 22,883 shares in the company, valued at approximately $3,349,613.54. The trade was a 17.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jeffrey D. Hahnfeld sold 314 shares of the business’s stock in a transaction on Tuesday, January 27th. The shares were sold at an average price of $145.43, for a total value of $45,665.02. Following the sale, the executive vice president owned 1,947 shares in the company, valued at approximately $283,152.21. The trade was a 13.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 11,662 shares of company stock worth $1,705,730. Company insiders own 1.01% of the company’s stock.

About Wintrust Financial (Free Report)

Wintrust Financial Corporation is a Chicago‐area bank holding company headquartered in Rosemont, Illinois. Through its primary subsidiary, Wintrust Bank, the company operates a network of community banks serving metropolitan Chicago and select markets in southeastern Wisconsin. These locally branded banks provide personalized commercial and consumer banking solutions tailored to small and mid‐size businesses, professionals, and individual clients.

The firm’s core offerings include deposit products, commercial and residential lending, treasury management, and mortgage banking services.

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The upcoming report from Wintrust Financial (WTFC - Free Report) is expected to reveal quarterly earnings of $2.96 per share, indicating an increase of 10% compared to the year-ago period. Analysts forecast revenues of $701.55 million, representing an increase of 9.1% year over year.

Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 2% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.

Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.

While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.

Bearing this in mind, let's now explore the average estimates of specific Wintrust metrics that are commonly monitored and projected by Wall Street analysts.

According to the collective judgment of analysts, 'Net Interest Margin' should come in at 3.5%. Compared to the present estimate, the company reported 3.5% in the same quarter last year.

Analysts predict that the 'Efficiency Ratio' will reach 55.0%. Compared to the current estimate, the company reported 57.2% in the same quarter of the previous year.

The combined assessment of analysts suggests that 'Net Interest Income' will likely reach $576.70 million. Compared to the current estimate, the company reported $526.47 million in the same quarter of the previous year.

Based on the collective assessment of analysts, 'Net interest income - FTE' should arrive at $579.56 million. Compared to the present estimate, the company reported $529.37 million in the same quarter last year.

The average prediction of analysts places 'Total Non-Interest Income' at $124.86 million. The estimate is in contrast to the year-ago figure of $116.63 million.

View all Key Company Metrics for Wintrust here>>>

Wintrust shares have witnessed a change of +10.2% in the past month, in contrast to the Zacks S&P 500 composite's +5.2% move. With a Zacks Rank #3 (Hold), WTFC is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

Wintrust Financial Corporation (NASDAQ:WTFC) will release earnings for its first quarter after the closing bell on Monday, April 20.

Analysts expect the Rosemont, Illinois-based company to report quarterly earnings of $2.96 per share, up from $2.69 per share in the year-ago period. The consensus estimate for Wintrust Financial's quarterly revenue is $707.92 million (it reported $643.11 million last year), according to Benzinga Pro.

On April 9, Wintrust Financial announced retirement of board members H. Patrick Hackett Jr. and William J. Doyle.

Wintrust Financial shares rose 2% to close at $148.17 on Friday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

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