Slide 1: Earnings Release Presentation Q1 2025
Wintrust Financial Corporation Earnings Release Presentation Q1 2025
Slide 2: Forward Looking Statements
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,” “possi
Slide 3: Forward Looking Statements
Forward Looking Statements • 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; •
Slide 4: Q1 2025 Highlights (Comparative to Q4 2024)
Q1 2025 Highlights (Comparative to Q4 2024) Net Income Pre-Tax, Pre-Provision1 Diluted EPS $189.0 million $277.0 million $2.69 +$3.7 million +$7.0 million +$0.06 Return on Assets ROE / ROTCE Efficiency Ratio (GAAP) (non-GAAP) (GAAP) (non-GAAP) 1.20% 12.21% 14.72% 57.21% 56.95% +4 bps +39 bps +43 bps
Slide 5: Earnings Summary
Earnings Summary Differentiated, highly diversified and sustainable business model Strong Earnings Momentum Continues into 2025 with Record Record Quarterly Pre-Tax Income, Excluding Provision for Credit Quarterly Net Income Losses ($ in Millions) ($ in Millions) $187.3 $185.4 $189.0 $271.6 $270.1 $
Slide 6: Loan Portfolio
Loan Portfolio Diversified loan portfolio Consistent Loan Growth Despite Market Headwinds Highlights ($ in Billions) $48.1 $48.7 • Loan growth during the first quarter totaled $653 million, or 6% on an annualized basis $43.2 • Strong loan growth despite seasonally slower PFR Property & Casualty Insu
Slide 7: Deposit Portfolio
Deposit Portfolio Enviable core deposit franchise in Chicago, Milwaukee and Grand Rapids market areas Deposit Growth Supported by Strong Core Franchise Highlights ($ in Billions) $53.6 $52.5 • Robust first quarter deposit growth totaling $1.1 billion or 8% annualized • Year-over-year deposit growth
Slide 8: Capital/Liquidity
Capital/Liquidity Current capital levels are well in excess of regulatory thresholds Capital Levels Improvement Driven by Record Net Income Steady CET1 Growth 12.5% CET1 Ratio 12.2% 12.3% 10.1% 9.8% 9.9% 9.5% 9.5% 10.7% 10.8% 10.3% 10.1% 9.9% 9.5% 9.4% 9.4% 9.6% 1 3/31/2024 12/31/2024 3/31/2025 1 CE
Slide 9: Tangible Book Value Per Share (non-GAAP)
Tangible Book Value Per Share (non-GAAP) Wintrust has grown TBV Per Share every year since going public in 1996, and increased TBV Per Share to $78.83 as of March 31, 2025 $78.83 $75.39 $70.33 $61.00 $59.64 $53.23 $49.70 $44.67 $41.68 $37.08 $32.45 $33.17 $29.28 $29.93 $25.80 $26.72 $23.22 $20.78 $1
Slide 10: Total Shareholder Return
Total Shareholder Return Wintrust's commitment to growing shareholder value is exemplified by generally outperforming the KBW Nasdaq Regional Banking Total Return Index (KRXTR) Total Shareholder Return of WTFC Compared to KRXTR (1-Year) Total Shareholder Return of WTFC Compared to KRXTR (3-Year) 160
Slide 11: Net Interest Margin/Income
Net Interest Margin/Income Net interest margin (non-GAAP) improved; strong earning asset growth drove net interest income higher Q1 2025 Record NII Boosted By Strong Organic Growth and Stable NIM Highlights ($ in Millions) $525.1 $526.5 $502.6 • We believe we are well-positioned for strong financial
Slide 12: Non-Interest Income
Non-Interest Income Diversified fee businesses supported non-interest income levels despite challenging mortgage environment Non-Interest Income Increased Primarily Due to Net Gains on Investment Wealth Management Impacted by Systems and Support Outsourcing To a Securities, Partially Offset by Lower
Slide 13: Non-Interest Expense
Non-Interest Expense We continue to manage our expenses and believe they are in line with Company growth Salaries Expense Reflects Merit Increases While Commissions Lower From Mortgage Production And Wealth Management Revenue Efficiency Ratio Decreased as Income Outpaced Expense Growth ($ in Million
Slide 14: Credit Quality
Credit Quality Diversified business lines and strong credit management support stable credit quality Special Mention and Substandard Percentages Remained Stable Low and Consistent Levels of Non-Performing Loans Quarter over Quarter ($ in Millions) ($ in Millions) 0.39% 0.38% 0.36% 0.35% $46,811 $47,
Slide 15: Non-Performing Assets to Total Assets
Non-Performing Assets to Total Assets NPAs continue to normalize though still remain historically low 1.74% 1.58% 1.52% 1.30% 1.03% 0.85% 0.81% 0.62% 0.56% 0.51% 0.50% 0.45% 0.46% 0.48% 0.47% 0.44% 0.40% 0.41% 0.39% 0.34% 0.34% 0.36% 0.32% 0.29% 0.30% 0.30% 0.25% 0.27% 0.21% 0.16% 98 04 10 16 22 97
Slide 16: Credit Quality - Allowance for Credit Losses
Credit Quality - Allowance for Credit Losses The Company remains well-reserved Appropriate Allowance Coverage on Total Loan Portfolio Consistently Well-Reserved Across Our Core1 Loan Portfolio ($ in Billions) ($ in Billions) $48.1 $48.7 $47.1 $29.1 $28.4 $28.8 0.93% 0.91% 0.92% 1.40% 1.36% 1.37% 9/3
Slide 17: Credit Quality - Commercial Loans
Credit Quality - Commercial Loans Diversified portfolio with low net charge-offs Strong Loan Growth With Low Charge-off Levels Improving Levels of Non-Performing Commercial Loans ($ in Millions) ($ in Millions) $15,931 $73.6 $70.6 $15,575 $15,248 $63.8 $51.4 $14,154 $13,503 0.47% 0.61% $31.8 0.42% 0
Slide 18: Credit Quality - Commercial Real Estate Loans
Credit Quality - Commercial Real Estate Loans Well-diversified portfolio with a majority of its exposure in stabilized, income producing properties Steady Growth in Portfolio With Low Levels of Net Charge-offs Continued Low Levels of NPLs in Q1 2025 ($ in Millions) ($ in Millions) $12,793 $12,904 $1
Slide 19: CRE Office Portfolio (as of 3/31/2025)
CRE Office Portfolio (as of 3/31/2025) CRE office represents a minimal percentage of the total loan portfolio As of As of CRE Office Portfolio Geography Portfolio Characteristics 12/31/2024 3/31/2025 ($ in Millions) Chicago CBD, 1 Other CBD, 13% 2 10% Balance ($ in Millions) $1,656 $1,642 CRE office
Slide 20: Credit Quality Premium Finance Receivables - Life Insurance
Credit Quality Premium Finance Receivables - Life Insurance Life insurance portfolio remains steady and has continued to demonstrate exceptional credit quality Strong Growth with Pristine Credit Quality Non-Performing Loans Remain Low ($ in Millions) ($ in Millions) $7,962 $7,997 $8,147 $8,365 $7,87
Slide 21: Premium Finance Receivables - Property and Casualty Insurance
Premium Finance Receivables - Property and Casualty Insurance Stable Balances for Q1 2025 with Robust Growth Expected in Q2 2025 Steady Levels of Non-Performing Loans ($ in Millions) ($ in Millions) $58.5 $55.1 $54.3 $6,940 $7,101 $7,132 $7,272 $7,240 $47.9 $44.8 0.59% 0.84% 0.78% 0.76% 0.62% 0.66%
Slide 22: Appendix
Appendix WINTRUST 2
Slide 23: Wintrust Awards
Wintrust Awards Q1 2025 - Wintrust Awards Year-to-Date Wintrust continues to be recognized for its Different Approach to banking. J.D. Power ranked Wintrust Community Banks #1 in Illinois for Retail banking Customer Satisfaction • Scored highest by customers as Most trusted Retail Bank in Illinois f
Slide 24: Hedging Strategy Update
Hedging Strategy Update Use of Hedges to Mitigate Negative Impacts of Falling Rates Hedging activities had a six basis point unfavorable impact to our Q1 2025 NIM as compared to a 10 basis point unfavorable impact to our Q4 2024 NIM. These derivatives moderate our interest rate sensitivity and serve
Slide 25: Loan Portfolio
Loan Portfolio Highly diversified portfolio across U.S Loan Portfolio - Geographic Diversification1 (as of 3/31/2025) Canada: 2% 4% 5% 4% 2% 3% 3% 2% 2% 33% 2% 8% 2% Primary Geographic Total Loan Portfolio Region Commercial: 2% Commercial, industrial and other Midwest 7% Leasing Nationwide Franchise
Slide 26: Deposit Market Share and WTFC Midwest Branch Locations
Deposit Market Share and WTFC Midwest Branch Locations Chicago MSA 2024 Deposit 2023 Deposit 2022 Deposit 2021 Deposit Grand Rapids MSA 2024 Deposit 2023 Deposit 2022 Deposit 2021 Deposit (Sorted by 2024 Market Share Data) Market Share Market Share Market Share Market Share (Sorted by 2024 Market Sh
Slide 27: Glossary
Glossary Abbreviation Definition BOLI Bank Owned Life Insurance BP Basis Point BV Book Value per Common Share CBD Central Business District CET1 Ratio Common Equity Tier 1 Capital Ratio CRE Commercial Real Estate Diluted EPS Net Income per Common Share - Diluted FDIC Federal Deposit Insurance Corpor
Slide 28: Non-GAAP Reconciliation
Non-GAAP Reconciliation Three Months Ended Reconciliation of non-GAAP Net Interest Margin and March 31, December 31, September 30, June 30, March 31, Efficiency Ratio ($ in Thousands): 2025 2024 2024 2024 2024 (A) Interest Income (GAAP) $886,965 $913,501 $908,604 $849,979 $805,513 Taxable-equivalent
Slide 29: Non-GAAP Reconciliation
Non-GAAP Reconciliation Three Months Ended March 31, December 31, September 30, June 30, March 31, Reconciliation of non-GAAP Return on Average Tangible 2025 2024 2024 2024 2024 Common Equity ($ in Thousands): (N) Net income applicable to common shares $182,048 $178,371 $163,010 $145,397 $180,303 Ad
Slide 30: Non-GAAP Reconciliation
Non-GAAP Reconciliation Three Months Ended March 31, December 31, September 30, June 30, March 31, Reconciliation of non-GAAP Tangible Common Equity 2025 2024 2024 2024 2024 (#039;s and Shares in Thousands): Total shareholders’ equity (GAAP) $6,600,537 $6,344,297 $6,399,714 $5,536,628 $5,436,400 Less: