Wintrust Financial Corporation · NASDAQ:WTFC
Wintrust Financial — Q3 2023 Earnings Presentation
10 slides from Wintrust Financial's earnings presentation, Oct 17, 2023
Slide 1: Net Income
Net Income $180.2 2 g -} z A | a Q3 2022 Q4 2022 QI 2023 Q2 2023 Q3 2023
Slide 2: Pre-tax income, excluding provision for credit losses (non-GAAP)
a i = z A | a Pre-tax income, excluding provision for credit losses (non-GAAP) $300 $280 $260 $240 $220 $200 $180 $160 $140 $120 $100 Q3 2022 T Q4 2022 QI 2023 Q2 2023 Q3 2023
Slide 3: Pre-tax income, excluding provision for credit losses: Q3 2023 compared to Q2 2023
Pre-tax income, excluding provision for credit losses (non-GAAP) - $280 $260 an NR & o 2 Z = | z = F Q3 2023 compared to Q2 2023 $3.0 $244.8 T Q2 2023 T Net Interest Income T T T T Mortgage Fees from Losses on Salaries Banking Covered Investment and Revenue Call Securities Employee Options Benefits
Slide 4: Net Interest Income and Net Interest Margin ("NIM")
Net Interest Income and Net Interest Margin ("NIM") $462.4 $456.8 $458.0 $447.5 2 g } z | a Q3 2022 Q4 2022 QI 2023 Q2 2023 Q3 2023 NIM (GAAP) NIM (non-GAAP) HE Net Interest Income
Slide 5: Total Assets
Total Assets 2 < = a & a T T T T T Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023
Slide 6: Total Loans
Total Loans 2 < = a & a T T T T T Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023
Slide 7: Total Deposits
Total Deposits 2 < = a = a T T T T T Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023
Slide 8: Non-Performing Assets as a percentage of Total Assets
Non-Performing Assets as a percentage of Total Assets 0.21% T T T T T Q3 2022 Q4 2022 QI 2023 Q2 2023 Q3 2023
Slide 9: Supplemental financial data and non-GAAP notes
the Company’s held-for-sale portfolio of early buy-out exercised loans guaranteed by U.S. government agencies which are held at fair value. The Company monitors the relationship of these assets and seeks to minimize the earnings impact of fair value changes. Pre-tax income, excluding provision for c
Slide 10: Allowance for credit losses and net charge-offs
Second Quarter 2023 34 76 25 Fourth Quarter 2022 132 68 125 Cumulative effect adjustment from the adoption of ASU 2022-02 — — 741 — — 741 — Other adjustments (60) 41 4 31 (105) (15) (139) Commercial 2,427 5,629 2,543 3,019 780 10,599 11,122 Home equity 227 — — — 43 227 432 Premium finance receivable