Wintrust Financial Corporation · NASDAQ:WTFC
Wintrust Financial — Q4 2025 Earnings Presentation
32 slides from Wintrust Financial's earnings presentation, Jan 21, 2026
Slide 1: Earnings Release Presentation Q4 2025
Wintrust Financial Corporation Earnings Release Presentation Q4 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: Full Year 2025 Highlights
Full Year 2025 Highlights (Comparative to Full Year 2024) Net Income Pre-Tax, Pre-Provision1 Diluted EPS $823.8 million $1.2 billion $11.40 +$128.8 million or 19% +$165.8 million or 16% +$1.09 or 11% Net Interest Income Net Interest Margin BV / TBV (GAAP) (non-GAAP) (GAAP) (non-GAAP) $2.2 billion 3.
Slide 5: Q4 2025 Highlights
Q4 2025 Highlights (Comparative to Q3 2025) Net Income Pre-Tax, Pre-Provision1 Diluted EPS $223.0 million $329.8 million $3.15 +$6.8 million +$12.0 million +$0.37 Return on Assets ROE / ROTCE Efficiency Ratio (GAAP) (non-GAAP) (GAAP) (non-GAAP) 1.27% 12.63% 14.83% 53.94% 53.73% +1 bp +105 bps +109 b
Slide 6: Earnings Summary
Earnings Summary Differentiated, highly diversified and sustainable business model Record Quarterly Pre-Tax Income, Excluding Provision for Credit Record Quarterly Net Income Losses ($ in Millions) ($ in Millions) $329.8 $216.3 $223.0 $317.8 $189.0 $195.5 $289.3 $185.4 $277.0 $270.1 1.27% 1.26% 1.20
Slide 7: Loan Portfolio
Loan Portfolio Diversified loan portfolio Robust Organic Loan Growth in the Fourth Quarter Highlights ($ in Billions) $52.1 $53.1 • Loan growth during the fourth quarter totaled $1.0 billion, or 8% on an annualized basis $48.1 • Strong broad based loan growth • Year-over-year loan growth of $5.0 bil
Slide 8: Deposit Portfolio
Deposit Portfolio Enviable core deposit franchise in Chicago, Milwaukee and Grand Rapids market areas Strong Organic Deposit Growth in the Fourth Quarter Highlights ($ in Billions) $57.7 $56.7 • Fourth quarter deposit growth totaling $1.0 billion or 7% annualized $52.5 • Year-over-year deposit growt
Slide 9: Capital/Liquidity
Capital/Liquidity Current capital levels are well in excess of regulatory thresholds Robust Capital Levels Year-over-Year Growth in CET1 CET1 Ratio 12.3% 12.4% 12.4% 10.3% 10.2% 10.1% 10.0% 10.9% 11.0% 9.9% 10.7% 10.2% 10.3% 9.9% 9.5% 9.7% 9.4% 1 12/31/2024 9/30/2025 12/31/2025 CET1 Ratio Tier 1 Cap
Slide 10: Tangible Book Value Per Common Share
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 $88.66 as of December 31, 2025 $88.66 $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 $25.80
Slide 11: Total Shareholder Return
Total Shareholder Return Wintrust's commitment to growing shareholder value is exemplified by outperforming the KBW Nasdaq Regional Banking Total Return Index (KRXTR) Total Shareholder Return of WTFC Compared to KRXTR (1-Year) Total Shareholder Return of WTFC Compared to KRXTR (3-Year) 160.00% 200.0
Slide 12: Net Interest Margin/Income
Net Interest Margin/Income Net interest margin within projected range; coupled with strong earning asset growth drove net interest income higher Q4 2025 Record NII Boosted By Strong Organic Growth and Stable NIM Highlights ($ in Millions) $583.9 $567.0 • Our hedging program manages our interest rate
Slide 13: Non-Interest Income
Non-Interest Income Diversified fee businesses supported non-interest income levels despite challenging mortgage environment Non-Interest Income Increased Year-over-Year Across All Major Categories Wealth Management Delivered Growth In Both AUA and Revenue ($ in Millions) ($ in Millions) $38.8 $39.4
Slide 14: Non-Interest Expense
Non-Interest Expense We continue to manage our expenses and believe they are in line with Company growth Salaries and Benefits Remained Relatively Flat Efficiency Ratio Improved as Income Outpaced Expense Growth ($ in Millions) Total Salaries and Benefits $212.1 $211.5 $219.5 $219.7 $222.6 $36.3 $35
Slide 15: Credit Quality
Credit Quality Diversified business lines and strong credit management support stable credit quality Special Mention and Substandard Percentages Remained Stable Low and Consistent Levels of Non-Performing Loans Quarter over Quarter ($ in Millions) ($ in Millions) 0.37% $50,610 $51,727 0.36% 0.35% 0.
Slide 16: Non-Performing Assets to Total Assets
Non-Performing Assets to Total Assets NPAs continue to remain historically low 1.74% 1.58% 1.52% 1.30% 1.03% 0.85% 0.81% 0.62% 0.56% 0.51% 0.50% 0.48% 0.47% 0.45% 0.46% 0.44% 0.40% 0.41% 0.39% 0.36% 0.34% 0.34% 0.32% 0.29% 0.30% 0.29% 0.27% 0.25% 0.21% 0.16% 03 18 05 20 07 22 09 24 96 11 98 13 00 15
Slide 17: Credit Quality - Allowance for Credit Losses
Credit Quality - Allowance for Credit Losses The Company remains well-reserved Appropriate Allowance Coverage on Total Loan Portfolio Consistently Well-Reserved Across Our Core1 Loan Portfolio ($ in Billions) ($ in Billions) $52.1 $53.1 $31.3 $51.0 $30.6 $29.9 0.90% 1.37% 0.87% 0.87% 1.34% 1.32% 6/3
Slide 18: Credit Quality - Commercial Loans
Credit Quality - Commercial Loans Diversified portfolio with low net charge-offs Strong Loan Growth Coupled with Proactive Credit Management Low Levels of Non-Performing Commercial Loans ($ in Millions) ($ in Millions) $17,045 $80.9 $78.1 $16,387 $16,544 $73.6 $70.6 $15,931 $66.6 $15,575 0.47% 0.49%
Slide 19: Credit Quality - Commercial Real Estate Loans
Credit Quality - Commercial Real Estate Loans Well-diversified portfolio with a majority of its exposure in stabilized, income producing properties Strong Growth in Portfolio With Low Levels of Net Charge-offs Continued Low Levels of NPLs in Q4 2025 ($ in Millions) ($ in Millions) $13,292 $13,619 $1
Slide 20: CRE Office Portfolio
CRE Office Portfolio (as of 12/31/2025) CRE office represents a minimal percentage of the total loan portfolio As of As of CRE Office Portfolio Geography Portfolio Characteristics 9/30/2025 12/31/2025 ($ in Millions) Chicago CBD, 1 Other CBD, 10% 2 9% Balance ($ in Millions) $1,578 $1,689 CRE office
Slide 21: Credit Quality Premium Finance Receivables - Life Insurance
Credit Quality Premium Finance Receivables - Life Insurance Life insurance portfolio remains steady and has continued to demonstrate exceptional credit quality Strong Growth with Pristine Credit Quality Non-Performing Loans Remain Low ($ in Millions) ($ in Millions) $8,759 $9,024 $8,147 $8,365 $8,50
Slide 22: Premium Finance Receivables - Property and Casualty Insurance
Premium Finance Receivables - Property and Casualty Insurance Seasonal Portfolio Changes Moderate Levels of Non-Performing Loans ($ in Millions) ($ in Millions) $8,323 $8,366 $8,183 $47.9 $48.5 $7,272 $44.8 $44.8 $7,240 $37.5 0.59% 0.62% 0.66% 0.59% 0.54% 0.45% 0.20% 0.20% 0.20% 0.16% 12/31/2024 3/3
Slide 23: Appendix
Appendix WINTRUST 23
Slide 24: Hedging Strategy Update
Hedging Strategy Update Use of Hedges to Mitigate Negative Impacts of Falling Rates Hedging activities had a two basis point unfavorable impact to our Q4 2025 NIM as compared to a five basis point unfavorable impact to our Q3 2025 NIM. These derivatives moderate our interest rate sensitivity and ser
Slide 25: Loan Portfolio
Loan Portfolio Highly diversified portfolio across U.S Loan Portfolio - Geographic Diversification1 (as of 12/31/2025) Canada: 2% 4% 4% 5% 3% 3% 3% 2% 2% 31% 2% 9% 2% Primary Geographic Total Loan Portfolio Region Commercial: 2% Commercial, industrial and other Midwest 6% Leasing Nationwide Franchis
Slide 26: 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 27: Selected Wintrust Awards
Selected Wintrust Awards Q4 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 28: Glossary
Glossary Abbreviation Definition AUA Assets Under Administration 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
Slide 29: Non-GAAP Reconciliation
Non-GAAP Reconciliation Three Months Ended Years Ended Reconciliation of non-GAAP Net Interest Margin and December 31, September 30, June 30, March 31, December 31, December 31, December 31, Efficiency Ratio ($ in Thousands): 2025 2025 2025 2025 2024 2025 2024 (A) Interest Income (GAAP) $956,326 $96
Slide 30: Non-GAAP Reconciliation
Non-GAAP Reconciliation Three Months Ended Years Ended December 31, September 30, June 30, March 31, December 31, December 31, December 31, Reconciliation of non-GAAP Return on Average Tangible Common Equity ($ in Thousands): 2025 2025 2025 2025 2024 2025 2024 (N) Net income applicable to common sha
Slide 31: Non-GAAP Reconciliation
Non-GAAP Reconciliation Three Months Ended Years Ended December 31, September 30, June 30, March 31, December 31, December 31, December 31, Reconciliation of Non-GAAP Net Income per Common Share: ($ in Thousands): 2025 2025 2025 2025 2024 2025 2024 Net income $223,024 $216,254 $195,527 $189,039 $185
Slide 32: Non-GAAP Reconciliation
Non-GAAP Reconciliation Three Months Ended December 31, September 30, June 30, March 31, December 31, Reconciliation of non-GAAP Tangible Common Equity 2025 2025 2025 2025 2024 ($'s and Shares in Thousands): Total shareholders’ equity (GAAP) $7,258,715 $7,045,757 $7,225,696 $6,600,537 $6,344,297 Les