Wintrust Financial Corporation · NASDAQ:WTFC
Wintrust Financial — Q1 2026 Earnings Presentation
31 slides from Wintrust Financial's earnings presentation, Apr 21, 2026
Slide 1: Earnings Release Presentation Q1 2026
Earnings Release Presentation Q1 2026
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 2026 Highlights (Comparative to Q4 2025)
Q1 2026 Highlights (Comparative to Q4 2025) Net Income Pre-Tax, Pre-Provision1 Diluted EPS $227.4NAME ORGANIZATION million $330.5 million $3.22 +$4.4 million +$0.7 million +$0.07 Return on Assets ROE / ROTCE Efficiency Ratio 1.32% (GAAP) (non-GAAP) (GAAP) (non-GAAP) 53.45% 12.76% 14.89% 53.65% +5 bp
Slide 5: Earnings Summary
Earnings Summary Differentiated, highly diversified and sustainable business model Record Quarterly Pre-Tax Income, Excluding Provision for Credit Record Quarterly Net Income Losses ORGANIZATION NAME ($ in Millions) ($ in Millions) $223.0 $227.4 $329.8 $330.5 $189.0 $277.0 1.32% 1.27% 1.20% Q1 2025
Slide 6: Loan Portfolio
Loan Portfolio Diversified loan portfolio drives consistent growth Robust Organic Loan Growth in the First Quarter ORGANIZATION NAME ($ in Billions) $54.1 Highlights $53.1 $48.7 • Loan growth during the first quarter totaled $1.0 billion, or 7% on an 6.53% annualized basis 6.27% 6.14% • Loan growth
Slide 7: Deposit Portfolio
Deposit Portfolio Enviable core deposit franchise in Chicago, Milwaukee and Grand Rapids market areas Strong Deposit Growth in the First Quarter ORGANIZATION NAME ($ in Billions) $58.9 Highlights $57.7 $53.6 • First quarter deposit growth totaling $1.2 billion or 8% annualized • Year-over-year depos
Slide 8: Capital/Liquidity
Capital/Liquidity Capital levels are well in excess of regulatory thresholds Robust Capital Levels Year-over-Year Growth in CET1 ORGANIZATION NAME 12.5% 12.4% 12.5% 10.4% 10.3% 10.1% 11.0% 11.1% 10.8% 10.3% 10.4% 10.1% 9.8% 9.6% 9.6% 1 3/31/2025 12/31/2025 3/31/2026 CET1 Ratio Tier 1 Capital Ratio T
Slide 9: Tangible Book Value Per Common Share (non-GAAP)
Tangible Book Value Per Common Share (non-GAAP) Wintrust has grown TBV Per Common Share every year since going public in 1996, and increased TBV Per Common Share to $89.90 as of March 31, 2026 $88.66 $89.90 ORGANIZATION NAME $75.39 $70.33 $61.00 $59.64 $53.23 $49.70 $44.67 $41.68 $37.08 $32.45 $33.1
Slide 10: Total Shareholder Return
Total Shareholder Return Wintrust's commitment to growing shareholder value is exemplified by consistently outperforming the KBW Nasdaq Regional Banking Total Return Index (KRXTR) Total Shareholder Return of WTFC Compared to KRXTR (1-Year) Total Shareholder Return of WTFC Compared to KRXTR (3-Year)
Slide 11: Net Interest Margin/Income
Net Interest Margin/Income Stable net interest margin, within projected range; coupled with earning asset growth supported strong net interest income levels Strong Q1 2026 NII Despite Two Fewer Calendar Days ORGANIZATION NAME ($ in Millions) Highlights $583.9 $579.0 • We are well-positioned for stro
Slide 12: Non-Interest Income
Non-Interest Income Diversified fee businesses supported growth in non-interest income levels despite challenging mortgage environment Non-Interest Income Increased Year-over-Year Across All Major Categories Consistent Wealth Management Revenue Growth ORGANIZATION NAME ($ in Millions) ($ in Millions
Slide 13: Non-Interest Expense
Non-Interest Expense We continue to manage our expenses in line with company growth Increase Driven by Base Salaries as Annual Merit Increases Go Into Efficiency Ratio Improved as Revenue Growth Outpaced Expense Effect in the First Quarter Growth ORGANIZATION NAME ($ in Millions) $222.6 $228.5 $211.
Slide 14: Credit Quality
Credit Quality Diversified business lines and strong credit management support stable credit quality Special Mention and Substandard Percentages Remained Low and Consistent Levels of Non-Performing Loans Unchanged Quarter over Quarter ORGANIZATION NAME ($ in Millions) ($ in Millions) $51,727 $52,479
Slide 15: Non-Performing Assets to Total Assets
Non-Performing Assets to Total Assets NPAs continue to remain historically low 1.74% ORGANIZATION NAME 1.58% 1.52% 1.30% 1.03% 0.85% 0.81% 0.62% 0.56% 0.51% 0.50% 0.45% 0.46% 0.48% 0.47% 0.44% 0.40% 0.41% 0.39% 0.34% 0.34% 0.36% 0.32% 0.29% 0.30% 0.29% 0.28% 0.25% 0.27% 0.21% 0.16% 02 17 01 00 16 99
Slide 16: Credit Quality - Allowance for Credit Losses
Credit Quality - Allowance for Credit Losses The Company remains well-reserved Appropriate Allowance Coverage on Total Loan Portfolio Consistently Well-Reserved Across Our Core1 Loan Portfolio ORGANIZATION NAME ($ in Billions) ($ in Billions) $54.1 $32.1 $53.1 $31.3 $48.7 $29.1 1.37% 1.32% 1.27% 0.9
Slide 17: Credit Quality - Commercial Loans
Credit Quality - Commercial Loans Diversified portfolio with low net charge-offs Strong Loan Growth Coupled with Proactive Credit Management Low Levels of Non-Performing Commercial Loans ORGANIZATION NAME ($ in Millions) ($ in Millions) $87.8 $17,763 $78.1 $17,045 $70.6 $15,931 0.49% 0.44% 0.46% 0.2
Slide 18: Credit Quality - Commercial Real Estate Loans
Credit Quality - Commercial Real Estate Loans Well-diversified portfolio with a majority of its exposure in stabilized, income producing properties Strong Growth in Portfolio with Modest Levels of Net Charge-offs Continued Low Levels of NPLs in Q1 2026 ORGANIZATION NAME ($ in Millions) ($ in Million
Slide 19: Credit Quality Premium Finance Receivable - Life Insurance
Credit Quality Premium Finance Receivable - Life Insurance Life insurance portfolio remains steady and has continued to demonstrate exceptional credit quality and no charge-offs Strong Growth with Pristine Credit Quality Non-Performing Loans Remain Low ORGANIZATION NAME ($ in Millions) ($ in Million
Slide 20: Premium Finance Receivables - Property and Casualty Insurance
Premium Finance Receivables - Property and Casualty Insurance Steady year-over-year growth in portfolio with solid credit quality Slight Seasonal Decline in Q1 2026 Low, Consistent Level of Non-Performing Loans ORGANIZATION NAME ($ in Millions) ($ in Millions) $8,183 $7,890 $47.9 $48.5 $49.7 $7,240
Slide 21: Non-Depository Financial Institutions (NDFI) Lending
Non-Depository Financial Institutions (NDFI) Lending (as of 3/31/2026) NDFI lending represents a conservative 6% of the total loan portfolio in low risk sectors NDFI Loan Portfolio Breakdown ORGANIZATION ($ in Millions) NAME • Warehouse lines of credit primarily to large well-capitalized residential
Slide 22: Appendix
ORGANIZATION NAME Appendix
Slide 23: Hedge Strategy Update
Hedge Strategy Update Use of Hedges to Stabilize NIM and Mitigate Potential Negative Impacts of Falling Rates Hedging activities had a one basis point favorable impact to our Q1 2026 NIM as compared to a two basis point unfavorable impact to our Q4 2025 NIM. These derivatives moderate our interest r
Slide 24: CRE Office Portfolio (as of 3/31/2026)
CRE Office Portfolio (as of 3/31/2026) CRE office represents a minimal percentage of the total loan portfolio As of As of CRE Office Portfolio Geography ORGANIZATION NAME 12/31/2025 3/31/2026 ($ in Millions) Portfolio Characteristics Balance ($ in Millions) $1,689 $1,652 CRE office as a % to Total C
Slide 25: Loan Portfolio
Loan Portfolio Highly diversified portfolio across U.S Loan Portfolio - Geographic Diversification1 (as of 3/31/2026) Canada: 2% 4% 4% 5% 2% 3% 3% 2% 31% 2% 9% 2% Primary Geographic Total Loan Portfolio Region Commercial: 3% Commercial, industrial and other Midwest Leasing Nationwide Franchise Lendi
Slide 26: Deposit Market Share in the Markets We Serve
Deposit Market Share in the Markets We Serve Wintrust serves over 300,000 consumer banking households and 50,000 commercial middle market and small business clients Illinois Market1 2023 2024 2025 Michigan Market2 2023 2024 2025 ORGANIZATION (Sorted by 2025 Market Share Data) NAME (Sorted by 2025 Ma
Slide 27: Glossary
Glossary Abbreviation Definition AUA Assets Under Administration BOLI Bank Owned Life Insurance ORGANIZATION BP NAME Basis Point BV Book Value per Common Share CBD Central Business District CET1 Ratio Common Equity Tier 1 Capital Ratio CRE Commercial Real Estate Diluted EPS Net Income per Common Sha
Slide 28: Non-GAAP Reconciliation
Non-GAAP Reconciliation Three Months Ended Reconciliation of non-GAAP Net Interest Margin and Efficiency March 31, December 31, September 30, June 30, March 31, Ratio ($ in ORGANIZATION Thousands): NAME 2026 2025 2025 2025 2025 (A) Interest Income (GAAP) $ 927,560 $ 956,326 $ 963,834 $ 920,908 $ 886
Slide 29: Non-GAAP Reconciliation
Non-GAAP Reconciliation Three Months Ended ORGANIZATION NAME March 31, December 31, September 30, June 30, March 31, Reconciliation of non-GAAP Return on Average Tangible Common 2026 2025 2025 2025 2025 Equity ($ in Thousands): (N) Net income applicable to common shares $ 219,021 $ 214,657 $ 188,913
Slide 30: Non-GAAP Reconciliation
Non-GAAP Reconciliation Three Months Ended ORGANIZATION NAME March 31, December 31, September 30, June 30, March 31, Reconciliation of Non-GAAP Net Income per Common Share: ($ in Thousands): 2026 2025 2025 2025 2025 Net income $ 227,388 $ 223,024 $ 216,254 $ 195,527 $ 189,039 Preferred stock dividen
Slide 31: Non-GAAP Reconciliation
Non-GAAP Reconciliation Three Months Ended March 31, December 31, September 30, June 30, March 31, ORGANIZATION ReconciliationNAME of non-GAAP Tangible Common Equity 2026 2025 2025 2025 2025 ($'s and Shares in Thousands): Total shareholders’ equity (GAAP) $ 7,378,100 $ 7,258,715 $ 7,045,757 $ 7,225,