Wintrust Financial Corporation Reports Record Net Income
ROSEMONT, Ill., Jan. 20, 2026 (GLOBE NEWSWIRE) — Wintrust Financial Corporation (“Wintrust”, “the Company”, “we” or “our”) (NASDAQ:WTFC) announced record net income of $823.8 million, or $11.40 per diluted common share, for the year ended December 31, 2025 compared to net income of $695.0 million, or $10.31 per diluted common share for 2024. Pre-tax, pre-provision income (non-GAAP) for the year ended December 31, 2025 totaled a record $1.2 billion, compared to $1.0 billion for 2024.
The Company reported record quarterly net income of $223.0 million, or $3.15 per diluted common share, for the fourth quarter of 2025, compared to net income of $216.3 million, or $2.78 per diluted common share for the third quarter of 2025. Pre-tax, pre-provision income (non-GAAP) for the fourth quarter of 2025 totaled a record $329.8 million, as compared to $317.8 million for the third quarter of 2025.
Timothy S. Crane, President and Chief Executive Officer, commented, “We are pleased with our strong 2025 results, including the 19% improvement in net income. Throughout the year, we leveraged our unique position in the markets we serve to achieve robust growth in both loans and deposits. Wintrust ended the year with solid momentum evidenced by record net income, record net interest income, a stable net interest margin and strong balance sheet growth.”
Additionally, Mr. Crane noted, “Net interest margin in the fourth quarter remained within our expected range, improving by four basis points to 3.54%. The improvement in net interest margin, coupled with strong average earning asset growth, supported record net interest income in the fourth quarter of 2025. As we look ahead, we remain encouraged by the outlook and believe that a relatively stable net interest margin, combined with continued balance sheet growth, positions us well to deliver net interest income expansion in future quarters.”
Highlights of the fourth quarter of 2025:
Comparative information to the third quarter of 2025, unless otherwise noted
- Total loans increased by $1.0 billion, or 8% annualized.
- Total deposits increased by $1.0 billion, or 7% annualized.
- Total assets increased by $1.5 billion, or 9% annualized.
- Net interest income increased to $583.9 million in the fourth quarter of 2025, up $16.9 million from $567.0 million in the third quarter of 2025, driven by improvement in net interest margin and strong average earning asset growth.
- Net interest margin increased to 3.52% (3.54% on a fully taxable-equivalent basis, non-GAAP) during the fourth quarter of 2025.
- Non-interest income was impacted by the following:
- Net gains on investment securities totaled $1.5 million in the fourth quarter of 2025, compared to net gains of $3.0 million in the third quarter of 2025.
- Provision for credit losses totaled $27.6 million in the fourth quarter of 2025, compared to a provision for credit losses of $21.8 million in the third quarter of 2025.
- Net charge-offs totaled $21.8 million, or 17 basis points of average total loans on an annualized basis, in the fourth quarter of 2025 down from $24.6 million, or 19 basis points of average total loans on an annualized basis, in the third quarter of 2025.
- Non-performing loans totaled $185.8 million and comprised 0.35% of total loans at December 31, 2025, as compared to $162.6 million and 0.31% of total loans at September 30, 2025.
Mr. Crane noted, “We continued our consistent, strong loan growth as loans increased $1.0 billion, or 8% on an annualized basis in the fourth quarter of 2025. Loan pipelines remain strong and we remain disciplined in our evaluation of credit opportunities, ensuring that loan growth aligns with our conservative credit standards. Strong deposit growth totaled $1.0 billion, or 7% on an annualized basis, in the fourth quarter of 2025. Our loan growth was funded by deposit growth in the fourth quarter of 2025 resulting in a stable loans-to-deposits ratio”
Commenting on credit quality, Mr. Crane stated, “Disciplined credit management, supported by persistent and thorough portfolio reviews, continues to drive positive outcomes through early identification and resolution of problem credits. We continue to be conservative and disciplined in our underwriting to maintain our strong credit standards. We believe the Company's reserves are appropriate and we remain committed to sustaining high credit quality as evidenced by our low levels of net charge-offs and non-performing loans as well as our core loan allowance for credit losses of 1.32%.”
In summary, Mr. Crane concluded, “We believe our record fourth quarter and full year financial results highlight the strength of our differentiated business model that allows us to deliver sophisticated solutions with the personalized service, expertise and local decision making that our customers value. We remain focused on delivering disciplined and strategic organic growth that enhances our franchise in our core markets and specialty businesses while generating long-term value for our shareholders.”
The graphs shown on pages 3-8 illustrate certain financial highlights of the fourth quarter of 2025 as well as historical financial performance. See “Supplemental Non-GAAP Financial Measures/Ratios” at Table 18 for additional information with respect to non-GAAP financial measures/ratios, including the reconciliations to the corresponding GAAP financial measures/ratios.
Graphs available at the following link: http://ml.globenewswire.com/Resource/Download/82f29386-fac3-4d40-ab1f-a818a9de82e4
SUMMARY OF RESULTS:
BALANCE SHEET
Total assets increased $1.5 billion in the fourth quarter of 2025 compared to the third quarter of 2025. Total loans increased by $1.0 billion compared to the third quarter of 2025. The increase in loans was driven primarily by growth across most major loan categories.
Total liabilities increased by $1.3 billion in the fourth quarter of 2025 compared to the third quarter of 2025, driven by a $1.0 billion increase in total deposits. Strong organic deposit growth in the fourth quarter of 2025 was driven by our diverse deposit product offerings. Non-interest bearing deposit balances represented 20% of total deposits and have remained stable in recent quarters. The Company's loans-to-deposits ratio ended the quarter at 92.0%.
For more information regarding changes in the Company's balance sheet, see Consolidated Statements of Condition and Table 1 through Table 3 in this report.
NET INTEREST INCOME
For the fourth quarter of 2025, net interest income totaled $583.9 million, an increase of $16.9 million compared to the third quarter of 2025. The $16.9 million increase in net interest income in the fourth quarter of 2025 was driven by net interest margin improvement and average earning asset growth of $1.1 billion, or 7% annualized.
Net interest margin was 3.52% (3.54% on a fully taxable-equivalent basis, non-GAAP) during the fourth quarter of 2025, up four basis points compared to the third quarter of 2025. The yield on earning assets declined 14 basis points during the fourth quarter of 2025 primarily due to a 17 basis point decrease in loan yields. Funding cost on interest-bearing deposits decreased by 25 basis points compared to the third quarter of 2025, which more than offset the reduction in loan yields. The net free funds contribution in the fourth quarter of 2025 declined six basis points compared to the third quarter of 2025.
For more information regarding net interest income, see Table 4 through Table 8 in this report.
ASSET QUALITY
The allowance for credit losses totaled $460.5 million as of December 31, 2025, a slight increase from $454.6 million as of September 30, 2025. A provision for credit losses totaling $27.6 million was recorded for the fourth quarter of 2025 compared to $21.8 million recorded in the third quarter of 2025. The provision for credit losses recognized in the fourth quarter of 2025 reflects stable credit quality and a mostly stable macroeconomic forecast. However, given future economic performance remains uncertain, qualitative additions were made to the provision related to credit spreads and equity market valuations. For more information regarding the allowance for credit losses and provision for credit losses, see Table 11 in this report.
Management believes the allowance for credit losses is appropriate to account for expected credit losses. The Company is required to estimate expected credit losses over the life of the Company's financial assets as of the reporting date. There can be no assurances, however, that future losses will not significantly exceed the amounts provided for, thereby affecting future results of operations. A summary of the allowance for credit losses calculated for the loan components in each portfolio as of December 31, 2025, September 30, 2025, and June 30, 2025 is shown on Table 12 of this report.
Net charge-offs totaled $21.8 million in the fourth quarter of 2025, a decrease of $2.8 million compared to $24.6 million of net charge-offs in the third quarter of 2025. Net charge-offs as a percentage of average total loans were 17 basis points in the fourth quarter of 2025 on an annualized basis compared to 19 basis points on an annualized basis in the third quarter of 2025. For more information regarding net charge-offs, see Table 10 in this report.
The Company's loan portfolio delinquency rates remain low and manageable. For more information regarding past due loans, see Table 13 in this report.
Non-performing assets and non-performing loans increased slightly compared to prior quarter but stayed within the range experienced at the end of the prior three quarters of 2025. Non-performing assets totaled $206.6 million and comprised 0.29% of total assets as of December 31, 2025, as compared to $187.5 million, or 0.27% of total assets, as of September 30, 2025. Non-performing loans totaled $185.8 million and comprised 0.35% of total loans at December 31, 2025, as compared to $162.6 million and 0.31% of total loans at September 30, 2025. For more information regarding non-performing assets, see Table 14 in this report.
NON-INTEREST INCOME
Non-interest income totaled $130.4 million in the fourth quarter of 2025, decreasing $0.4 million, compared to $130.8 million in the third quarter of 2025.
Wealth management revenue increased by approximately $2.2 million in the fourth quarter of 2025, compared to the third quarter of 2025. The increase in the fourth quarter of 2025 was primarily driven by an increase in asset valuations within the quarter, coupled with an increase in brokerage revenue related to higher transactional business. Wealth management revenue is comprised of the trust and asset management revenue of Wintrust Private Trust Company and Great Lakes Advisors, the brokerage commissions, managed money fees and insurance product commissions at Wintrust Investments and fees from tax-deferred like-kind exchange services provided by the Chicago Deferred Exchange Company.
Mortgage banking revenue totaled $22.6 million in the fourth quarter of 2025, compared to $24.5 million in the third quarter of 2025. The decrease in the fourth quarter of 2025 was primarily attributed to lower production revenue. For more information regarding mortgage banking revenue, see Table 16 in this report.
The Company recognized approximately $1.5 million in net gains on investment securities in the fourth quarter of 2025 compared to approximately $3.0 million in net gains in the third quarter of 2025. The net gains in the fourth quarter of 2025 were primarily the result of unrealized gains on the Company's equity investment securities with a readily determinable fair value.
For more information regarding non-interest income, see Table 15 in this report.
NON-INTEREST EXPENSE
Non-interest expense totaled $384.5 million in the fourth quarter of 2025, increasing $4.5 million, compared to $380.0 million in the third quarter of 2025. Non-interest expense, as a percent of average assets, decreased two basis points in the fourth quarter of 2025 to 2.19%.
Salaries and employee benefits expense increased by approximately $2.9 million in the fourth quarter of 2025, compared to the third quarter of 2025. This was primarily driven by an increased level of health insurance claims in the fourth quarter of 2025.
The Company recorded net OREO expense of $2.2 million in the fourth quarter of 2025, compared to net OREO expense of $262,000 in the third quarter of 2025. The primary diver of the increase in the fourth quarter can be attributed to valuation adjustments. Net OREO expenses include all costs associated with obtaining, maintaining and selling other real estate owned properties as well as valuation adjustments.
Advertising and marketing expenses in the fourth quarter of 2025 totaled $13.8 million, which was a $5.2 million decrease as compared to the third quarter of 2025. The decrease in the current quarter relates primarily to lower sports sponsorships. Marketing costs are incurred to promote the Company's brand, commercial banking capabilities and the Company's various products, to attract loans and deposits and to announce new branch openings as well as the expansion of the Company's non-bank businesses. The level of marketing expenditures depends on the timing of sponsorship programs utilized which are determined based on the market area, targeted audience, competition and various other factors. Generally, these expenses are elevated in the second and third quarters of each year.
Travel and entertainment expense increased approximately $1.9 million in the fourth quarter of 2025, compared to the third quarter of 2025. The increase is primarily attributed to seasonal corporate events that occur in the fourth quarter.
For more information regarding non-interest expense, see Table 17 in this report.
INCOME TAXES
The Company recorded income tax expense of $79.2 million in the fourth quarter of 2025 compared to $79.8 million in the third quarter of 2025. The effective tax rates were 26.2% in the fourth quarter of 2025 compared to 27.0% in the third quarter of 2025. The effective tax rates were impacted by an overall lower level of provision for state income tax expense in the comparable periods.
BUSINESS SUMMARY
Community Banking
Through community banking, the Company provides banking and financial services primarily to individuals, small to mid-sized businesses, local governmental units and institutional clients residing primarily in the local areas the Company services. In the fourth quarter of 2025, community banking increased its commercial, commercial real estate and residential real estate loan portfolios.
Mortgage banking revenue was $22.6 million for the fourth quarter of 2025, a decrease of $1.8 million compared to the third quarter of 2025. See Table 16 for more detail. Service charges on deposit accounts totaled $20.4 million in the fourth quarter of 2025 as compared to $19.8 million in the third quarter of 2025. The Company's gross commercial and commercial real estate loan pipelines remained solid as of December 31, 2025 indicating momentum for expected continued loan growth in the first quarter of 2026.
Specialty Finance
Through specialty finance, the Company offers financing of insurance premiums for businesses and individuals, equipment financing through structured loans and lease products to customers in a variety of industries, accounts receivable financing and value-added, out-sourced administrative services and other services. Originations within the insurance premium financing receivables portfolios were $5.4 billion during the fourth quarter of 2025. Average balances decreased by $61.2 million, as compared to the third quarter of 2025. The Company's leasing divisions' portfolio balances increased in the fourth quarter of 2025, with capital leases, loans, and equipment on operating leases of $2.9 billion, $1.2 billion, and $360.6 million as of December 31, 2025, respectively, compared to $2.8 billion, $1.2 billion, and $301.0 million as of September 30, 2025, respectively. Revenues from the Company's out-sourced administrative services business were $1.4 million in the fourth quarter of 2025, which was relatively stable compared to the third quarter of 2025.
Wealth Management
Through wealth management, the Company offers a full range of wealth management services, including trust and investment services, tax-deferred like-kind exchange services, asset management, and securities brokerage services. Wealth management revenue totaled $39.4 million in the fourth quarter of 2025, an increase as compared to the third quarter of 2025. At December 31, 2025, the Company's wealth management subsidiaries had approximately $56.1 billion of assets under administration, which included $9.6 billion of assets owned by the Company and its subsidiary banks.
WINTRUST FINANCIAL CORPORATION
Key Operating Measures
Wintrust's key operating measures and growth rates for the fourth quarter of 2025, as compared to the third quarter of 2025 (sequential quarter) and fourth quarter of 2024 (linked quarter), are shown in the table below:
| % or(1) basis point (bp) change from 3rd Quarter 2025 |
% or basis point (bp) change from 4th Quarter 2024 |
|||||||||||||||
| Three Months Ended | ||||||||||||||||
| (Dollars in thousands, except per share data) | Dec 31, 2025 | Sep 30, 2025 | Dec 31, 2024 | |||||||||||||
| Net income | $ | 223,024 | $ | 216,254 | $ | 185,362 | 3 | % | 20 | % | ||||||
| Pre-tax income, excluding provision for credit losses (non-GAAP)(2) | 329,811 | 317,809 | 270,060 | 4 | 22 | |||||||||||
| Net income per common share – Diluted | 3.15 | 2.78 | 2.63 | 13 | 20 | |||||||||||
| Cash dividends declared per common share | 0.50 | 0.50 | 0.45 | — | 11 | |||||||||||
| Net revenue(3) | 714,264 | 697,837 | 638,599 | 2 | 12 | |||||||||||
| Net interest income | 583,874 | 567,010 | 525,148 | 3 | 11 | |||||||||||
| Net interest margin | 3.52 | % | 3.48 | % | 3.49 | % | 4 | bps | 3 | bps | ||||||
| Net interest margin – fully taxable-equivalent (non-GAAP)(2) | 3.54 | 3.50 | 3.51 | 4 | 3 | |||||||||||
| Net overhead ratio(4) | 1.45 | 1.45 | 1.60 | — | (15 | ) | ||||||||||
| Return on average assets | 1.27 | 1.26 | 1.16 | 1 | 11 | |||||||||||
| Return on average common equity | 12.63 | 11.58 | 11.82 | 105 | 81 | |||||||||||
| Return on average tangible common equity (non-GAAP)(2) | 14.83 | 13.74 | 14.29 | 109 | 54 | |||||||||||
| At end of period | ||||||||||||||||
| Total assets | $ | 71,142,046 | $ | 69,629,638 | $ | 64,879,668 | 9 | % | 10 | % | ||||||
| Total loans(5) | 53,105,101 | 52,063,482 | 48,055,037 | 8 | 11 | |||||||||||
| Total deposits | 57,717,191 | 56,711,381 | 52,512,349 | 7 | 10 | |||||||||||
| Total shareholders' equity | 7,258,715 | 7,045,757 | 6,344,297 | 12 | 14 | |||||||||||
(1) Period-end balance sheet percentage changes are annualized.
(2) See Table 18: Supplemental Non-GAAP Financial Measures/Ratios for additional information on this performance measure/ratio.
(3) Net revenue is net interest income plus non-interest income.
(4) The net overhead ratio is calculated by netting total non-interest expense and total non-interest income, annualizing this amount, and dividing by that period's average total assets. A lower ratio indicates a higher degree of efficiency.
(5) Excludes mortgage loans held-for-sale.
Certain returns, yields, performance ratios, or quarterly growth rates are “annualized” in this presentation to represent an annual time period. This is done for analytical purposes to better discern, for decision-making purposes, underlying performance trends when compared to full-year or year-over-year amounts. For example, a 5% growth rate for a quarter would represent an annualized 20% growth rate.
WINTRUST FINANCIAL CORPORATION
Selected Financial Highlights
| Three Months Ended | Years Ended | ||||||||||||||||||||||||||
| (Dollars in thousands, except per share data) | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Dec 31, 2025 | Dec 31, 2024 | ||||||||||||||||||||
| Selected Financial Condition Data (at end of period): | |||||||||||||||||||||||||||
| Total assets | $ | 71,142,046 | $ | 69,629,638 | $ | 68,983,318 | $ | 65,870,066 | $ | 64,879,668 | |||||||||||||||||
| Total loans(1) | 53,105,101 | 52,063,482 | 51,041,679 | 48,708,390 | 48,055,037 | ||||||||||||||||||||||
| Total deposits | 57,717,191 | 56,711,381 | 55,816,811 | 53,570,038 | 52,512,349 | ||||||||||||||||||||||
| Total shareholders' equity | 7,258,715 | 7,045,757 | 7,225,696 | 6,600,537 | 6,344,297 | ||||||||||||||||||||||
| Selected Statements of Income Data: | |||||||||||||||||||||||||||
| Net interest income | $ | 583,874 | $ | 567,010 | $ | 546,694 | $ | 526,474 | $ | 525,148 | $ | 2,224,052 | $ | 1,962,535 | |||||||||||||
| Net revenue(2) | 714,264 | 697,837 | 670,783 | 643,108 | 638,599 | 2,725,992 | 2,450,860 | ||||||||||||||||||||
| Net income | 223,024 | 216,254 | 195,527 | 189,039 | 185,362 | 823,844 | 695,045 | ||||||||||||||||||||
| Pre-tax income, excluding provision for credit losses (non-GAAP)(3) | 329,811 | 317,809 | 289,322 | 277,018 | 270,060 | 1,213,960 | 1,048,136 | ||||||||||||||||||||
| Net income per common share – Basic | 3.21 | 2.82 | 2.82 | 2.73 | 2.68 | 11.57 | 10.47 | ||||||||||||||||||||
| Net income per common share – Diluted | 3.15 | 2.78 | 2.78 | 2.69 | 2.63 | 11.40 | 10.31 | ||||||||||||||||||||
| Cash dividends declared per common share | 0.50 | 0.50 | 0.50 | 0.50 | 0.45 | 2.00 | 1.80 | ||||||||||||||||||||
| Selected Financial Ratios and Other Data: | |||||||||||||||||||||||||||
| Performance Ratios: | |||||||||||||||||||||||||||
| Net interest margin | 3.52 | % | 3.48 | % | 3.52 | % | 3.54 | % | 3.49 | % | 3.52 | % | 3.51 | % | |||||||||||||
| Net interest margin – fully taxable-equivalent (non-GAAP)(3) | 3.54 | 3.50 | 3.54 | 3.56 | 3.51 | 3.53 | 3.53 | ||||||||||||||||||||
| Non-interest income to average assets | 0.74 | 0.76 | 0.76 | 0.74 | 0.71 | 0.75 | 0.82 | ||||||||||||||||||||
| Non-interest expense to average assets | 2.19 | 2.21 | 2.32 | 2.32 | 2.31 | 2.26 | 2.36 | ||||||||||||||||||||
| Net overhead ratio(4) | 1.45 | 1.45 | 1.57 | 1.58 | 1.60 | 1.51 | 1.54 | ||||||||||||||||||||
| Return on average assets | 1.27 | 1.26 | 1.19 | 1.20 | 1.16 | 1.23 | 1.17 | ||||||||||||||||||||
| Return on average common equity | 12.63 | 11.58 | 12.07 | 12.21 | 11.82 | 12.13 | 12.32 | ||||||||||||||||||||
| Return on average tangible common equity (non-GAAP)(3) | 14.83 | 13.74 | 14.44 | 14.72 | 14.29 | 14.43 | 14.58 | ||||||||||||||||||||
| Average total assets | $ | 69,492,268 | $ | 68,303,036 | $ | 65,840,345 | $ | 64,107,042 | $ | 63,594,105 | $ | 66,954,172 | $ | 59,416,909 | |||||||||||||
| Average total shareholders' equity | 7,166,608 | 6,955,543 | 6,862,040 | 6,460,941 | 6,418,403 | 6,863,474 | 5,826,940 | ||||||||||||||||||||
| Average loans to average deposits ratio | 92.4 | % | 92.5 | % | 93.0 | % | 92.3 | % | 91.9 | % | 92.6 | % | 93.8 | % | |||||||||||||
| Period-end loans to deposits ratio | 92.0 | 91.8 | 91.4 | 90.9 | 91.5 | ||||||||||||||||||||||
| Common Share Data at end of period: | |||||||||||||||||||||||||||
| Market price per common share | $ | 139.82 | $ | 132.44 | $ | 123.98 | $ | 112.46 | $ | 124.71 | |||||||||||||||||
| Book value per common share | 102.03 | 98.87 | 95.43 | 92.47 | 89.21 | ||||||||||||||||||||||
| Tangible book value per common share (non-GAAP)(3) | 88.66 | 85.39 | 81.86 | 78.83 | 75.39 | ||||||||||||||||||||||
| Common shares outstanding | 66,974,913 | 66,961,209 | 66,937,732 | 66,919,325 | 66,495,227 | ||||||||||||||||||||||
| Other Data at end of period: | |||||||||||||||||||||||||||
| Common equity to assets ratio | 9.6 | % | 9.5 | % | 9.3 | % | 9.4 | % | 9.1 | % | |||||||||||||||||
| Tangible common equity ratio (non-GAAP)(3) | 8.5 | 8.3 | 8.0 | 8.1 | 7.8 | ||||||||||||||||||||||
| Tier 1 leverage ratio(5) | 9.7 | 9.5 | 10.2 | 9.6 | 9.4 | ||||||||||||||||||||||
| Risk-based capital ratios: | |||||||||||||||||||||||||||
| Tier 1 capital ratio(5) | 11.0 | 10.9 | 11.5 | 10.8 | 10.7 | ||||||||||||||||||||||
| Common equity tier 1 capital ratio(5) | 10.3 | 10.2 | 10.0 | 10.1 | 9.9 | ||||||||||||||||||||||
| Total capital ratio(5) | 12.4 | 12.4 | 13.0 | 12.5 | 12.3 | ||||||||||||||||||||||
| Allowance for credit losses(6) | $ | 460,465 | $ | 454,586 | $ | 457,461 | $ | 448,387 | $ | 437,060 | |||||||||||||||||
| Allowance for loan and unfunded lending-related commitment losses to total loans | 0.87 | % | 0.87 | % | 0.90 | % | 0.92 | % | 0.91 | % | |||||||||||||||||
| Number of: | |||||||||||||||||||||||||||
| Bank subsidiaries | 16 | 16 | 16 | 16 | 16 | ||||||||||||||||||||||
| Banking offices | 209 | 208 | 208 | 208 | 205 | ||||||||||||||||||||||
(1) Excludes mortgage loans held-for-sale.
(2) Net revenue is net interest income plus non-interest income.
(3) See Table 18: Supplemental Non-GAAP Financial Measures/Ratios for additional information on this performance measure/ratio.
(4) The net overhead ratio is calculated by netting total non-interest expense and total non-interest income, annualizing this amount, and dividing by that period's average total assets. A lower ratio indicates a higher degree of efficiency.
(5) Capital ratios for current quarter-end are estimated.
(6) The allowance for credit losses includes the allowance for loan losses, the allowance for unfunded lending-related commitments and the allowance for held-to-maturity securities losses.
WINTRUST FINANCIAL CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CONDITION
| (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | |||||||||||||||||
| Dec 31, | Sep 30, | Jun 30, | Mar 31, | Dec 31, | ||||||||||||||||
| (In thousands) | 2025 | 2025 | 2025 | 2025 | 2024 | |||||||||||||||
| Assets | ||||||||||||||||||||
| Cash and due from banks | $ | 467,874 | $ | 565,406 | $ | 695,501 | $ | 616,216 | $ | 452,017 | ||||||||||
| Federal funds sold and securities purchased under resale agreements | 64 | 63 | 63 | 63 | 6,519 | |||||||||||||||
| Interest-bearing deposits with banks | 3,180,553 | 3,422,452 | 4,569,618 | 4,238,237 | 4,409,753 | |||||||||||||||
| Available-for-sale securities, at fair value | 6,236,263 | 5,274,124 | 4,885,715 | 4,220,305 | 4,141,482 | |||||||||||||||
| Held-to-maturity securities, at amortized cost | 3,343,905 | 3,438,406 | 3,502,186 | 3,564,490 | 3,613,263 | |||||||||||||||
| Trading account securities | — | — | — | — | 4,072 | |||||||||||||||
| Equity securities with readily determinable fair value | 63,770 | 63,445 | 273,722 | 270,442 | 215,412 | |||||||||||||||
| Federal Home Loan Bank and Federal Reserve Bank stock | 291,881 | 282,755 | 282,087 | 281,893 | 281,407 | |||||||||||||||
| Brokerage customer receivables | — | — | — | — | 18,102 | |||||||||||||||
| Mortgage loans held-for-sale, at fair value | 340,745 | 333,883 | 299,606 | 316,804 | 331,261 | |||||||||||||||
| Loans, net of unearned income | 53,105,101 | 52,063,482 | 51,041,679 | 48,708,390 | 48,055,037 | |||||||||||||||
| Allowance for loan losses | (379,283 | ) | (386,622 | ) | (391,654 | ) | (378,207 | ) | (364,017 | ) | ||||||||||
| Net loans | 52,725,818 | 51,676,860 | 50,650,025 | 48,330,183 | 47,691,020 | |||||||||||||||
| Premises, software and equipment, net | 781,611 | 775,425 | 776,324 | 776,679 | 779,130 | |||||||||||||||
| Lease investments, net | 360,646 | 301,000 | 289,768 | 280,472 | 278,264 | |||||||||||||||
| Accrued interest receivable and other assets | 1,617,682 | 1,614,674 | 1,610,025 | 1,598,255 | 1,739,334 | |||||||||||||||
| Receivable on unsettled securities sales | 835,275 | 978,209 | 240,039 | 463,023 | — | |||||||||||||||
| Goodwill | 797,960 | 797,639 | 798,144 | 796,932 | 796,942 | |||||||||||||||
| Other acquisition-related intangible assets | 97,999 | 105,297 | 110,495 | 116,072 | 121,690 | |||||||||||||||
| Total assets | $ | 71,142,046 | $ | 69,629,638 | $ | 68,983,318 | $ | 65,870,066 | $ | 64,879,668 | ||||||||||
| Liabilities and Shareholders' Equity | ||||||||||||||||||||
| Deposits: | ||||||||||||||||||||
| Non-interest-bearing | $ | 11,423,701 | $ | 10,952,146 | $ | 10,877,166 | $ | 11,201,859 | $ | 11,410,018 | ||||||||||
| Interest-bearing | 46,293,490 | 45,759,235 | 44,939,645 | 42,368,179 | 41,102,331 | |||||||||||||||
| Total deposits | 57,717,191 | 56,711,381 | 55,816,811 | 53,570,038 | 52,512,349 | |||||||||||||||
| Federal Home Loan Bank advances | 3,451,309 | 3,151,309 | 3,151,309 | 3,151,309 | 3,151,309 | |||||||||||||||
| Other borrowings | 477,966 | 579,328 | 625,392 | 529,269 | 534,803 | |||||||||||||||
| Subordinated notes | 298,636 | 298,536 | 298,458 | 298,360 | 298,283 | |||||||||||||||
| Junior subordinated debentures | 253,566 | 253,566 | 253,566 | 253,566 | 253,566 | |||||||||||||||
| Payable on unsettled securities purchases | — | — | 39,105 | — | — | |||||||||||||||
| Accrued interest payable and other liabilities | 1,684,663 | 1,589,761 | 1,572,981 | 1,466,987 | 1,785,061 | |||||||||||||||
| Total liabilities | 63,883,331 | 62,583,881 | 61,757,622 | 59,269,529 | 58,535,371 | |||||||||||||||
| Shareholders' Equity: | ||||||||||||||||||||
| Preferred stock | 425,000 | 425,000 | 837,500 | 412,500 | 412,500 | |||||||||||||||
| Common stock | 67,062 | 67,042 | 67,025 | 67,007 | 66,560 | |||||||||||||||
| Surplus | 2,534,024 | 2,521,306 | 2,495,637 | 2,494,347 | 2,482,561 | |||||||||||||||
| Treasury stock | (9,156 | ) | (9,150 | ) | (9,156 | ) | (9,156 | ) | (6,153 | ) | ||||||||||
| Retained earnings | 4,537,539 | 4,356,367 | 4,200,923 | 4,045,854 | 3,897,164 | |||||||||||||||
| Accumulated other comprehensive loss | (295,754 | ) | (314,808 | ) | (366,233 | ) | (410,015 | ) | (508,335 | ) | ||||||||||
| Total shareholders' equity | 7,258,715 | 7,045,757 | 7,225,696 | 6,600,537 | 6,344,297 | |||||||||||||||
| Total liabilities and shareholders' equity | $ | 71,142,046 | $ | 69,629,638 | $ | 68,983,318 | $ | 65,870,066 | $ | 64,879,668 | ||||||||||
WINTRUST FINANCIAL CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
| Three Months Ended | Years Ended | ||||||||||||||||||||||
| (Dollars in thousands, except per share data) | Dec 31, 2025 |
Sep 30, 2025 |
Jun 30, 2025 |
Mar 31, 2025 |
Dec 31, 2024 |
Dec 31, 2025 |
Dec 31, 2024 |
||||||||||||||||
| Interest income | |||||||||||||||||||||||
| Interest and fees on loans | $ | 822,494 | $ | 832,140 | $ | 797,997 | $ | 768,362 | $ | 789,038 | $ | 3,220,993 | $ | 3,043,354 | |||||||||
| Mortgage loans held-for-sale | 5,607 | 4,757 | 4,872 | 4,246 | 5,623 | 19,482 | 21,436 | ||||||||||||||||
| Interest-bearing deposits with banks | 27,190 | 34,992 | 34,317 | 36,766 | 46,256 | 133,265 | 115,253 | ||||||||||||||||
| Federal funds sold and securities purchased under resale agreements | 77 | 75 | 276 | 179 | 53 | 607 | 366 | ||||||||||||||||
| Investment securities | 95,461 | 86,426 | 78,053 | 72,016 | 67,066 | 331,956 | 276,115 | ||||||||||||||||
| Trading account securities | — | — | — | 11 | 6 | 11 | 48 | ||||||||||||||||
| Federal Home Loan Bank and Federal Reserve Bank stock | 5,497 | 5,444 | 5,393 | 5,307 | 5,157 | 21,641 | 20,060 | ||||||||||||||||
| Brokerage customer receivables | — | — | — | 78 | 302 | 78 | 965 | ||||||||||||||||
| Total interest income | 956,326 | 963,834 | 920,908 | 886,965 | 913,501 | 3,728,033 | 3,477,597 | ||||||||||||||||
| Interest expense | |||||||||||||||||||||||
| Interest on deposits | 332,178 | 355,846 | 333,470 | 320,233 | 346,388 | 1,341,727 | 1,343,642 | ||||||||||||||||
| Interest on Federal Home Loan Bank advances | 26,408 | 26,007 | 25,724 | 25,441 | 26,050 | 103,580 | 99,149 | ||||||||||||||||
| Interest on other borrowings | 5,956 | 6,887 | 6,957 | 6,792 | 7,519 | 26,592 | 34,480 | ||||||||||||||||
| Interest on subordinated notes | 3,737 | 3,717 | 3,735 | 3,714 | 3,733 | 14,903 | 18,117 | ||||||||||||||||
| Interest on junior subordinated debentures | 4,173 | 4,367 | 4,328 | 4,311 | 4,663 | 17,179 | 19,674 | ||||||||||||||||
| Total interest expense | 372,452 | 396,824 | 374,214 | 360,491 | 388,353 | 1,503,981 | 1,515,062 | ||||||||||||||||
| Net interest income | 583,874 | 567,010 | 546,694 | 526,474 | 525,148 | 2,224,052 | 1,962,535 | ||||||||||||||||
| Provision for credit losses | 27,588 | 21,768 | 22,234 | 23,963 | 16,979 | 95,553 | 101,047 | ||||||||||||||||
| Net interest income after provision for credit losses | 556,286 | 545,242 | 524,460 | 502,511 | 508,169 | 2,128,499 | 1,861,488 | ||||||||||||||||
| Non-interest income | |||||||||||||||||||||||
| Wealth management | 39,365 | 37,188 | 36,821 | 34,042 | 38,775 | 147,416 | 146,227 | ||||||||||||||||
| Mortgage banking | 22,625 | 24,451 | 23,170 | 20,529 | 20,452 | 90,775 | 93,213 | ||||||||||||||||
| Service charges on deposit accounts | 20,402 | 19,825 | 19,502 | 19,362 | 18,864 | 79,091 | 65,651 | ||||||||||||||||
| Gains (losses) on investment securities, net | 1,505 | 2,972 | 650 | 3,196 | (2,835 | ) | 8,323 | (2,602 | ) | ||||||||||||||
| Fees from covered call options | 5,992 | 5,619 | 5,624 | 3,446 | 2,305 | 20,681 | 10,196 | ||||||||||||||||
| Trading (losses) gains, net | (257 | ) | 172 | 151 | (64 | ) | (113 | ) | 2 | 504 | |||||||||||||
| Operating lease income, net | 16,365 | 15,466 | 15,166 | 15,287 | 15,327 | 62,284 | 58,710 | ||||||||||||||||
| Other | 24,393 | 25,134 | 23,005 | 20,836 | 20,676 | 93,368 | 116,426 | ||||||||||||||||
| Total non-interest income | 130,390 | 130,827 | 124,089 | 116,634 | 113,451 | 501,940 | 488,325 | ||||||||||||||||
| Non-interest expense | |||||||||||||||||||||||
| Salaries and employee benefits | 222,557 | 219,668 | 219,541 | 211,526 | 212,133 | 873,292 | 817,108 | ||||||||||||||||
| Software and equipment | 36,096 | 35,027 | 36,522 | 34,717 | 34,258 | 142,362 | 122,794 | ||||||||||||||||
| Operating lease equipment | 11,034 | 10,409 | 10,757 | 10,471 | 10,263 | 42,671 | 42,298 | ||||||||||||||||
| Occupancy, net | 20,105 | 20,809 | 20,228 | 20,778 | 20,597 | 81,920 | 79,213 | ||||||||||||||||
| Data processing | 11,809 | 11,329 | 12,110 | 11,274 | 10,957 | 46,522 | 39,736 | ||||||||||||||||
| Advertising and marketing | 13,792 | 19,027 | 18,761 | 12,272 | 13,097 | 63,852 | 61,812 | ||||||||||||||||
| Professional fees | 8,280 | 7,465 | 9,243 | 9,044 | 11,334 | 34,032 | 40,637 | ||||||||||||||||
| Amortization of other acquisition-related intangible assets | 4,999 | 5,196 | 5,580 | 5,618 | 5,773 | 21,393 | 12,095 | ||||||||||||||||
| FDIC insurance | 10,562 | 11,418 | 10,971 | 10,926 | 10,640 | 43,877 | 46,118 | ||||||||||||||||
| Other real estate owned (“OREO”) expenses, net | 2,162 | 262 | 505 | 643 | 397 | 3,572 | (408 | ) | |||||||||||||||
| Other | 43,057 | 39,418 | 37,243 | 38,821 | 39,090 | 158,539 | 141,321 | ||||||||||||||||
| Total non-interest expense | 384,453 | 380,028 | 381,461 | 366,090 | 368,539 | 1,512,032 | 1,402,724 | ||||||||||||||||
| Income before taxes | 302,223 | 296,041 | 267,088 | 253,055 | 253,081 | 1,118,407 | 947,089 | ||||||||||||||||
| Income tax expense | 79,199 | 79,787 | 71,561 | 64,016 | 67,719 | 294,563 | 252,044 | ||||||||||||||||
| Net income | $ | 223,024 | $ | 216,254 | $ | 195,527 | $ | 189,039 | $ | 185,362 | $ | 823,844 | $ | 695,045 | |||||||||
| Preferred stock dividends | 8,367 | 13,295 | 6,991 | 6,991 | 6,991 | 35,644 | 27,964 | ||||||||||||||||
| Preferred stock redemption | — | 14,046 | — | — | — | 14,046 | — | ||||||||||||||||
| Net income applicable to common shares | $ | 214,657 | $ | 188,913 | $ | 188,536 | $ | 182,048 | $ | 178,371 | $ | 774,154 | $ | 667,081 | |||||||||
| Net income per common share – Basic | $ | 3.21 | $ | 2.82 | $ | 2.82 | $ | 2.73 | $ | 2.68 | $ | 11.57 | $ | 10.47 | |||||||||
| Net income per common share – Diluted | $ | 3.15 | $ | 2.78 | $ | 2.78 | $ | 2.69 | $ | 2.63 | $ | 11.40 | $ | 10.31 | |||||||||
| Cash dividends declared per common share | $ | 0.50 | $ | 0.50 | $ | 0.50 | $ | 0.50 | $ | 0.45 | $ | 2.00 | $ | 1.80 | |||||||||
| Weighted average common shares outstanding | 66,970 | 66,952 | 66,931 | 66,726 | 66,491 | 66,896 | 63,685 | ||||||||||||||||
| Dilutive potential common shares | 1,143 | 1,028 | 888 | 923 | 1,233 | 998 | 1,016 | ||||||||||||||||
| Average common shares and dilutive common shares | 68,113 | 67,980 | 67,819 | 67,649 | 67,724 | 67,894 | 64,701 | ||||||||||||||||
TABLE 1: LOAN PORTFOLIO MIX AND GROWTH RATES
| % Growth From(1) | ||||||||||||||||||
| (Dollars in thousands) | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 |
Dec 31, 2024 | Sep 30, 2025(2) |
Dec 31, 2024 | |||||||||||
| Balance: | ||||||||||||||||||
| Mortgage loans held-for-sale, excluding early buy-out exercised loans guaranteed by U.S. government agencies | $ | 217,136 | $ | 211,360 | $ | 192,633 | $ | 181,580 | $ | 189,774 | 11 | % | 14 | % | ||||
| Mortgage loans held-for-sale, early buy-out exercised loans guaranteed by U.S. government agencies | 123,609 | 122,523 | 106,973 | 135,224 | 141,487 | 4 | (13 | ) | ||||||||||
| Total mortgage loans held-for-sale | $ | 340,745 | $ | 333,883 | $ | 299,606 | $ | 316,804 | $ | 331,261 | 8 | % | 3 | % | ||||
| Core loans: | ||||||||||||||||||
| Commercial | ||||||||||||||||||
| Commercial and industrial | $ | 7,267,505 | $ | 7,135,083 | $ | 7,028,247 | $ | 6,871,206 | $ | 6,867,422 | 7 | % | 6 | % | ||||
| Asset-based lending | 1,512,888 | 1,588,522 | 1,663,693 | 1,701,962 | 1,611,001 | (19 | ) | (6 | ) | |||||||||
| Municipal | 868,958 | 804,986 | 771,785 | 798,646 | 826,653 | 32 | 5 | |||||||||||
| Leases | 2,921,366 | 2,834,563 | 2,757,331 | 2,680,943 | 2,537,325 | 12 | 15 | |||||||||||
| Commercial real estate | ||||||||||||||||||
| Residential construction | 54,753 | 60,923 | 59,027 | 55,849 | 48,617 | (40 | ) | 13 | ||||||||||
| Commercial construction | 2,013,244 | 2,273,545 | 2,165,263 | 2,086,797 | 2,065,775 | (45 | ) | (3 | ) | |||||||||
| Land | 341,585 | 323,685 | 304,827 | 306,235 | 319,689 | 22 | 7 | |||||||||||
| Office | 1,688,614 | 1,578,208 | 1,601,208 | 1,641,555 | 1,656,109 | 28 | 2 | |||||||||||
| Industrial | 3,167,768 | 2,912,547 | 2,824,889 | 2,677,555 | 2,628,576 | 35 | 21 | |||||||||||
| Retail | 1,436,252 | 1,478,861 | 1,452,351 | 1,402,837 | 1,374,655 | (11 | ) | 4 | ||||||||||
| Multi-family | 3,445,507 | 3,306,597 | 3,200,578 | 3,091,314 | 3,125,505 | 17 | 10 | |||||||||||
| Mixed use and other | 1,793,013 | 1,684,841 | 1,683,867 | 1,652,759 | 1,685,018 | 25 | 6 | |||||||||||
| Home equity | 480,525 | 484,202 | 466,815 | 455,683 | 445,028 | (3 | ) | 8 | ||||||||||
| Residential real estate | ||||||||||||||||||
| Residential real estate loans for investment | 4,171,439 | 4,019,046 | 3,814,715 | 3,561,417 | 3,456,009 | 15 | 21 | |||||||||||
| Residential mortgage loans, early buy-out eligible loans guaranteed by U.S. government agencies | 84,706 | 75,088 | 80,800 | 86,952 | 114,985 | 51 | (26 | ) | ||||||||||
| Residential mortgage loans, early buy-out exercised loans guaranteed by U.S. government agencies | 61,087 | 49,736 | 53,267 | 36,790 | 41,771 | 91 | 46 | |||||||||||
| Total core loans | $ | 31,309,210 | $ | 30,610,433 | $ | 29,928,663 | $ | 29,108,500 | $ | 28,804,138 | 9 | % | 9 | % | ||||
| Niche loans: | ||||||||||||||||||
| Commercial | ||||||||||||||||||
| Franchise | $ | 1,298,493 | $ | 1,298,140 | $ | 1,286,265 | $ | 1,262,555 | $ | 1,268,521 | 0 | % | 2 | % | ||||
| Mortgage warehouse lines of credit | 1,515,003 | 1,204,661 | 1,232,530 | 1,019,543 | 893,854 | 102 | 69 | |||||||||||
| Community Advantage – homeowners association | 532,027 | 537,696 | 526,595 | 525,492 | 525,446 | (4 | ) | 1 | ||||||||||
| Insurance agency lending | 1,128,446 | 1,140,691 | 1,120,985 | 1,070,979 | 1,044,329 | (4 | ) | 8 | ||||||||||
| Premium Finance receivables | ||||||||||||||||||
| U.S. property & casualty insurance | 7,308,054 | 7,502,901 | 7,378,340 | 6,486,663 | 6,447,625 | (10 | ) | 13 | ||||||||||
| Canada property & casualty insurance | 875,362 | 863,391 | 944,836 | 753,199 | 824,417 | 6 | 6 | |||||||||||
| Life insurance | 9,023,642 | 8,758,553 | 8,506,960 | 8,365,140 | 8,147,145 | 12 | 11 | |||||||||||
| Consumer and other | 114,864 | 147,016 | 116,505 | 116,319 | 99,562 | (87 | ) | 15 | ||||||||||
| Total niche loans | $ | 21,795,891 | $ | 21,453,049 | $ | 21,113,016 | $ | 19,599,890 | $ | 19,250,899 | 6 | % | 13 | % | ||||
| Total loans, net of unearned income | $ | 53,105,101 | $ | 52,063,482 | $ | 51,041,679 | $ | 48,708,390 | $ | 48,055,037 | 8 | % | 11 | % | ||||
(1) NM – Not Meaningful.
(2) Annualized.
TABLE 2: DEPOSIT PORTFOLIO MIX AND GROWTH RATES
| % Growth From | ||||||||||||||||||||||||
| (Dollars in thousands) | Dec 31, 2025 |
Sep 30, 2025 |
Jun 30, 2025 |
Mar 31, 2025 |
Dec 31, 2024 |
Sep 30, 2025(1) |
Dec 31, 2024 | |||||||||||||||||
| Balance: | ||||||||||||||||||||||||
| Non-interest-bearing | $ | 11,423,701 | $ | 10,952,146 | $ | 10,877,166 | $ | 11,201,859 | $ | 11,410,018 | 17 | % | 0 | % | ||||||||||
| NOW and interest-bearing demand deposits | 6,233,753 | 6,710,919 | 6,795,725 | 6,340,168 | 5,865,546 | (28 | ) | 6 | ||||||||||||||||
| Wealth management deposits(2) | 1,907,647 | 1,600,735 | 1,595,764 | 1,408,790 | 1,469,064 | 76 | 30 | |||||||||||||||||
| Money market | 21,368,924 | 20,270,382 | 19,556,041 | 18,074,733 | 17,975,191 | 22 | 19 | |||||||||||||||||
| Savings | 6,905,216 | 6,758,743 | 6,659,419 | 6,576,251 | 6,372,499 | 9 | 8 | |||||||||||||||||
| Time certificates of deposit | 9,877,950 | 10,418,456 | 10,332,696 | 9,968,237 | 9,420,031 | (21 | ) | 5 | ||||||||||||||||
| Total deposits | $ | 57,717,191 | $ | 56,711,381 | $ | 55,816,811 | $ | 53,570,038 | $ | 52,512,349 | 7 | % | 10 | % | ||||||||||
| Mix: | ||||||||||||||||||||||||
| Non-interest-bearing | 20 | % | 19 | % | 19 | % | 21 | % | 22 | % | ||||||||||||||
| NOW and interest-bearing demand deposits | 11 | 12 | 12 | 12 | 11 | |||||||||||||||||||
| Wealth management deposits(2) | 3 | 3 | 3 | 3 | 3 | |||||||||||||||||||
| Money market | 37 | 36 | 35 | 34 | 34 | |||||||||||||||||||
| Savings | 12 | 12 | 12 | 12 | 12 | |||||||||||||||||||
| Time certificates of deposit | 17 | 18 | 19 | 18 | 18 | |||||||||||||||||||
| Total deposits | 100 | % | 100 | % | 100 | % | 100 | % | 100 | % | ||||||||||||||
(1) Annualized.
(2) Represents deposit balances of the Company's subsidiary banks from brokerage customers of Wintrust Investments, Chicago Deferred Exchange Company, LLC (“CDEC”), and trust and asset management customers of the Company.
TABLE 3: TIME CERTIFICATES OF DEPOSIT MATURITY/RE-PRICING ANALYSIS
As of December 31, 2025
| (Dollars in thousands) | Total Time Certificates of Deposit |
Weighted-Average Rate of Maturing Time Certificates of Deposit |
||||
| 1-3 months | $ | 3,392,722 | 3.81 | % | ||
| 4-6 months | 2,625,175 | 3.42 | ||||
| 7-9 months | 2,834,840 | 3.46 | ||||
| 10-12 months | 590,301 | 3.41 | ||||
| 13-18 months | 289,020 | 3.07 | ||||
| 19-24 months | 72,535 | 2.73 | ||||
| 24+ months | 73,357 | 2.77 | ||||
| Total | $ | 9,877,950 | 3.54 | % | ||
TABLE 4: QUARTERLY AVERAGE BALANCES
| Average Balance for three months ended, | ||||||||||||||||||||
| Dec 31, | Sep 30, | Jun 30, | Mar 31, | Dec 31, | ||||||||||||||||
| (In thousands) | 2025 | 2025 | 2025 | 2025 | 2024 | |||||||||||||||
| Interest-bearing deposits with banks, securities purchased under resale agreements and cash equivalents(1) | $ | 2,842,829 | $ | 3,276,683 | $ | 3,308,199 | $ | 3,520,048 | $ | 3,934,016 | ||||||||||
| Investment securities(2) | 10,084,138 | 9,377,930 | 8,801,560 | 8,409,735 | 8,090,271 | |||||||||||||||
| FHLB and FRB stock(3) | 284,643 | 282,338 | 282,001 | 281,702 | 271,825 | |||||||||||||||
| Liquidity management assets(4) | $ | 13,211,610 | $ | 12,936,951 | $ | 12,391,760 | $ | 12,211,485 | $ | 12,296,112 | ||||||||||
| Other earning assets(4) (5) | — | — | — | 13,140 | 20,528 | |||||||||||||||
| Mortgage loans held-for-sale | 357,672 | 295,365 | 310,534 | 286,710 | 378,707 | |||||||||||||||
| Loans, net of unearned income(4) (6) | 52,193,637 | 51,403,566 | 49,517,635 | 47,833,380 | 47,153,014 | |||||||||||||||
| Total earning assets(4) | $ | 65,762,919 | $ | 64,635,882 | $ | 62,219,929 | $ | 60,344,715 | $ | 59,848,361 | ||||||||||
| Allowance for loan and investment security losses | (404,075 | ) | (410,681 | ) | (398,685 | ) | (375,371 | ) | (367,238 | ) | ||||||||||
| Cash and due from banks | 517,616 | 495,292 | 478,707 | 476,423 | 470,033 | |||||||||||||||
| Other assets | 3,615,808 | 3,582,543 | 3,540,394 | 3,661,275 | 3,642,949 | |||||||||||||||
| Total assets | $ | 69,492,268 | $ | 68,303,036 | $ | 65,840,345 | $ | 64,107,042 | $ | 63,594,105 | ||||||||||
| NOW and interest-bearing demand deposits | $ | 6,133,333 | $ | 6,687,292 | $ | 6,423,050 | $ | 6,046,189 | $ | 5,601,672 | ||||||||||
| Wealth management deposits | 1,925,808 | 1,604,142 | 1,552,989 | 1,574,480 | 1,430,163 | |||||||||||||||
| Money market accounts | 20,475,659 | 19,431,021 | 18,184,754 | |||||||||||||||||
