Wintrust Financial Corporation · NASDAQ:WTFC
Wintrust Financial — Q3 2021 Earnings Presentation
13 slides from Wintrust Financial's earnings presentation, Oct 19, 2021
Slide 1: Net Income - 5 Quarter Trend
Net Income - 5 Quarter Trend 2 g = = -_| a Q3 2020 Q4 2020 QI 2021 Q2 2021 Q3 2021
Slide 2: Average interest-bearing deposits with banks as a percentage of average earning assets
Total average interest-bearing deposits with banks and cash equivalents as a percentage of total average earning assets - 5 Quarter Trend $50 $44.2 45 $42.9 $ $40.7 $41.9 11.6% $40 10.8% $35 ms — — 101% $30 ~~ — $25 $20 $15 $10 $5 $3.4 $0 — Q3 2020 Q4 2020 QI 2021 Q2 2021 Q3 2021 a =I z 5 4 aw Total
Slide 3: Pre-tax income, excluding provision for credit losses (non-GAAP)
2 g = 2 | a Pre-tax income, excluding provision for credit losses (non-GAAP) - $190 $180 $170 $160 $150 $140 $130 $120 $110 $100 $90 $19.3 ws Q3 2021 compared to Q2 2021 iz $5.2 $2.0 $2.3 $3.2 $141.8 is $(11.4) $3.7) $(4.0) T T Q2 2021 Net Interest Income (excl. PPP Int. Inc.) T T T T T T T T PPP Mo
Slide 4: Pre-tax income excl. provision, adjusted for net charge-offs (non-GAAP)
2 g = | 2 | a Pre-tax income, excluding provision for credit losses, adjusted for net charge-offs ("NCO") (non-GAAP) - 5 Quarter Trend $180 $165 $150 wn pe wo a $162.3 $153.0 Q3 2020 Q4 2020 || Pre-Tax, Pre-Provision Income $141.8 $141.8 Ql 2021 Q2 2021 Q3 2021 Pre-Tax, Pre-Provision Income, less NC
Slide 5: Net Interest Income
Net Interest Income - 5 Quarter Trend 2 g = = -_| a T T T T T Q3 2020 Q4 2020 QI 2021 Q2 2021 Q3 2021
Slide 6: Tangible Book Value per Common Share (non-GAAP)
Tangible Book Value per Common Share (non-GAAP) - 5 Quarter Trend Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q3 2021
Slide 7: Total Assets
Total Assets - 5 Quarter Trend a < = FI & a T T T T T Q3 2020 Q4 2020 QI 2021 Q2 2021 Q3 2021
Slide 8: Total Loans
Total Loans - 5 Quarter Trend $33.2 a < £ FI & an T T T T T Q3 2020 Q4 2020 QI 2021 Q2 2021 Q3 2021 Total Loans, excluding PPP loans PPP Loans
Slide 9: Total Deposits
Total Deposits - 5 Quarter Trend a < = FI & a T T T T T Q3 2020 Q4 2020 QI 2021 Q2 2021 Q3 2021
Slide 10: Non-Performing Assets as a percentage of Total Assets
Non-Performing Assets as a percentage of Total Assets - 5 Quarter Trend T T T T T Q3 2020 Q4 2020 QI 2021 Q2 2021 Q3 2021
Slide 11: Annualized Quarterly Net Charge-Offs as a percentage of Average Total Loans
Annualized Quarterly Net Charge-Offs as a percentage of Average Total Loans - 5 Quarter Trend e@ 0.00% Q3 2020 Q4 2020 QI 2021 Q2 2021 Q3 2021
Slide 12: Selected financial highlights
Pre-tax income, excluding provision for credit losses (non-GAAP) (2) 141,826 128,851 162,310 10 (13) Net revenue (3) 423,970 408,963 426,529 4 (1) Net interest margin 2.58 % 2.62 % 2.56 % (4) bps 2 bps Net overhead ratio (4) 1.22 1.32 0.87 (10) 35 Return on average common equity 10.31 10.24 10.66 7
Slide 13: Allowance for credit losses and charge-offs detail
Second Quarter 2021 0 -1 -3 Fourth Quarter 2020 0 -1 -2 Cumulative effect adjustment from the adoption of ASU 2016-13 — — — — — 47,418 Other adjustments (65) 34 31 155 55 — 24 Commercial 1,352 3,237 11,781 5,184 5,270 16,370 13,109 Home equity 59 142 — 683 138 201 1,378 Premium finance receivables 1