Wintrust Financial Corporation · NASDAQ:WTFC
Wintrust Financial — Q3 2025 Earnings Presentation
32 slides from Wintrust Financial's earnings presentation, Oct 21, 2025
Slide 1: Earnings Release Presentation Q3 2025
Wintrust Financial Corporation Earnings Release Presentation Q3 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: September 2025 Year-to-Date Highlights
September 2025 Year-to-Date Highlights (Comparative to September 2024 Year-to-Date) Net Income Pre-Tax, Pre-Provision1 Diluted EPS $600.8 million $884.1 million $8.25 +$91.1 million or 18% +$106.1 million or 14% +$0.58 or 8% Net Interest Income Net Interest Margin BV / TBV (GAAP) (non-GAAP) (GAAP) (
Slide 5: Q3 2025 Highlights
Q3 2025 Highlights (Comparative to Q2 2025) Net Income Pre-Tax, Pre-Provision1 Diluted EPS2 $216.3 million $317.8 million $2.78 +$20.7 million +$28.5 million $0.00 Return on Assets ROE / ROTCE Efficiency Ratio (GAAP) (non-GAAP) (GAAP) (non-GAAP) 1.26% 11.58% 13.74% 54.69% 54.47% +7 bps -49 bps -70 b
Slide 6: Earnings Summary
Earnings Summary Differentiated, highly diversified and sustainable business model Record Quarterly Pre-Tax Income, Excluding Provision for Credit Record Quarterly Net Income Losses ($ in Millions) ($ in Millions) $216.3 $317.8 $189.0 $195.5 $289.3 $185.4 $277.0 $170.0 $270.1 $255.0 1.26% 1.20% 1.19
Slide 7: Loan Portfolio
Loan Portfolio Diversified loan portfolio Robust Organic Loan Growth in the Third Quarter Highlights ($ in Billions) $52.1 • Loan growth during the third quarter totaled $1.0 billion, or 8% on $51.0 an annualized basis $47.1 • Strong loan growth driven primarily by growth across all loan categories
Slide 8: Deposit Portfolio
Deposit Portfolio Enviable core deposit franchise in Chicago, Milwaukee and Grand Rapids market areas Strong Organic Deposit Growth in the Third Quarter Highlights ($ in Billions) $56.7 • Third quarter deposit growth totaling $0.9 billion or 6% annualized $55.8 • Year-over-year deposit growth of $5.
Slide 9: Capital/Liquidity
Capital/Liquidity Current capital levels are well in excess of regulatory thresholds Strong Q3 Capital Levels Year-over-Year Growth in CET1 13.0% CET1 Ratio 10.2% 12.2% 12.4% 10.1% 10.0% 11.5% 9.9% 9.8% 10.9% 10.6% 10.2% 10.2% 9.8% 10.0% 9.6% 9.5% 1 9/30/2024 6/30/2025 9/30/2025 1 CET1 Ratio Tier 1
Slide 10: 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 $85.39 as of September 30, 2025 $85.39 $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 $26.7
Slide 11: Total Shareholder Return
Total Shareholder Return Wintrust's commitment to growing shareholder value is exemplified by outperforming the KBW Nasdaq Regional Banking Total Return Index (KRXTR) Total Shareholder Return of WTFC Compared to KRXTR (1-Year) Total Shareholder Return of WTFC Compared to KRXTR (3-Year) 160.00% 200.0
Slide 12: Net Interest Margin/Income
Net Interest Margin/Income Net interest margin within guidance range; coupled with strong earning asset growth drove net interest income higher Q3 2025 Record NII Boosted By Strong Organic Growth and Stable NIM Highlights ($ in Millions) $567.0 $546.7 • We believe we are well-positioned for strong $
Slide 13: Non-Interest Income
Non-Interest Income Diversified fee businesses supported non-interest income levels despite challenging mortgage environment Non-Interest Income Increased Across Most Major Categories Wealth Management Delivered Growth In Both AUA and Revenue ($ in Millions) ($ in Millions) $38.8 $130.8 $37.2 $36.8
Slide 14: Non-Interest Expense
Non-Interest Expense We continue to manage our expenses and believe they are in line with Company growth Salaries and Benefits Remained Relatively Flat Efficiency Ratio Decreased as Income Outpaced Expense Growth ($ in Millions) Total Salaries and Benefits $211.3 $212.1 $211.5 $219.5 $219.7 58.58% $
Slide 15: 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) 0.38% 0.37% $50,610 0.36% 0.35% $49,
Slide 16: Non-Performing Assets to Total Assets
Non-Performing Assets to Total Assets NPAs continue to remain historically low 1.74% 1.58% 1.52% 1.30% 1.03% 0.85% 0.81% 0.62% 0.56% 0.51% 0.50% 0.45% 0.46% 0.48% 0.47% 0.44% 0.40% 0.41% 0.39% 0.34% 0.34% 0.36% 0.32% 0.29% 0.30% 0.27% 0.27% 0.25% 0.21% 0.16% 03 18 05 20 07 22 09 24 96 11 98 13 00 15
Slide 17: Credit Quality - Allowance for Credit Losses
Credit Quality - Allowance for Credit Losses The Company remains well-reserved Appropriate Allowance Coverage on Total Loan Portfolio Consistently Well-Reserved Across Our Core1 Loan Portfolio ($ in Billions) ($ in Billions) $30.6 $52.1 $29.9 $51.0 $29.1 $48.7 0.92% 1.37% 1.37% 0.90% 0.87% 1.34% 3/3
Slide 18: Credit Quality - Commercial Loans
Credit Quality - Commercial Loans Diversified portfolio with low net charge-offs Strong Loan Growth Coupled with Proactive Credit Management Low Levels of Non-Performing Commercial Loans ($ in Millions) ($ in Millions) $16,387 $16,544 $15,931 $80.9 $15,575 $73.6 $70.6 $15,248 $63.8 $66.6 0.47% 0.49%
Slide 19: Credit Quality - Commercial Real Estate Loans
Credit Quality - Commercial Real Estate Loans Well-diversified portfolio with a majority of its exposure in stabilized, income producing properties Strong Growth in Portfolio With Low Levels of Net Charge-offs Continued Low Levels of NPLs in Q3 2025 ($ in Millions) ($ in Millions) $13,292 $13,619 $1
Slide 20: CRE Office Portfolio (as of 9/30/2025)
CRE Office Portfolio (as of 9/30/2025) CRE office represents a minimal percentage of the total loan portfolio As of As of CRE Office Portfolio Geography Portfolio Characteristics 6/30/2025 9/30/2025 ($ in Millions) Chicago CBD,1 Other CBD, 11% 2 10% Balance ($ in Millions) $1,601 $1,578 CRE office a
Slide 21: Credit Quality Premium Finance Receivables - Life Insurance
Credit Quality Premium Finance Receivables - Life Insurance Life insurance portfolio remains steady and has continued to demonstrate exceptional credit quality Strong Growth with Pristine Credit Quality Non-Performing Loans Remain Low ($ in Millions) ($ in Millions) $8,365 $8,507 $8,759 $7,997 $8,14
Slide 22: Premium Finance Receivables - Property and Casualty Insurance
Premium Finance Receivables - Property and Casualty Insurance Continued Loan Growth After Seasonally High Q2 Consistently Low Levels of Non-Performing Loans ($ in Millions) ($ in Millions) $54.3 $8,323 $8,366 $47.9 $7,272 $44.8 $44.8 $7,132 $7,240 $37.5 0.59% 0.76% 0.62% 0.66% 0.54% 0.45% 0.24% 0.20
Slide 23: Appendix
Appendix WINTRUST 23
Slide 24: Wintrust Preferred Stock Offering and Redemption
Wintrust Preferred Stock Offering and Redemption Preferred Series Impact on Diluted EPS ($ in '000) Q2 2025 Q3 2025 Q4 2025 Preferred Stock Series D + E Quarterly Dividend $(6,991) $— $— Preferred Stock Series F First Dividend1 — (13,295) — Preferred Stock Series F Regular Quarterly Dividend2 — — (8
Slide 25: Hedging Strategy Update
Hedging Strategy Update Use of Hedges to Mitigate Negative Impacts of Falling Rates Hedging activities had a five basis point unfavorable impact to our Q3 2025 NIM as compared to a six basis point unfavorable impact to our Q2 2025 NIM. These derivatives moderate our interest rate sensitivity and ser
Slide 26: Loan Portfolio
Loan Portfolio Highly diversified portfolio across U.S Loan Portfolio - Geographic Diversification1 (as of 9/30/2025) Canada: 2% 4% 4% 4% 2% 2% 3% 2% 2% 31% 2% 8% 2% Primary Geographic Total Loan Portfolio Region Commercial: 2% Commercial, industrial and other Midwest 6% Leasing Nationwide Franchise
Slide 27: Deposit Market Share in the Markets We Serve
Deposit Market Share in the Markets We Serve Illinois Market1 2025 2024 2023 Michigan Market2 2025 2024 2023 (Sorted by 2025 Market Share Data) (Sorted by 2025 Market Share Data) JPMorgan Chase 20.1% 20.1% 22.5% Huntington 18.3% 19.5% 19.6% BMO Bank 18.3% 18.9% 17.1% Fifth Third Bank 17.2% 19.6% 19.
Slide 28: Selected Wintrust Awards
Selected Wintrust Awards Q3 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 I
Slide 29: 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 30: Non-GAAP Reconciliation
Non-GAAP Reconciliation Three Months Ended Nine Months Ended Reconciliation of non-GAAP Net Interest Margin and September 30, June 30, March 31, December 31, September 30, September 30, September 30, Efficiency Ratio ($ in Thousands): 2025 2025 2025 2024 2024 2025 2024 (A) Interest Income (GAAP) $96
Slide 31: Non-GAAP Reconciliation
Non-GAAP Reconciliation Three Months Ended Nine Months Ended September 30, June 30, March 31, December 31, September 30, September 30, September 30, Reconciliation of non-GAAP Return on Average Tangible 2025 2025 2025 2024 2024 2025 2024 Common Equity ($ in Thousands): (N) Net income applicable to c
Slide 32: Non-GAAP Reconciliation
Non-GAAP Reconciliation Three Months Ended September 30, June 30, March 31, December 31, September 30, Reconciliation of non-GAAP Tangible Common Equity 2025 2025 2025 2024 2024 ($'s and Shares in Thousands): Total shareholders’ equity (GAAP) $7,045,757 $7,225,696 $6,600,537 $6,344,297 $6,399,714 Le