Wintrust Financial Corporation Reports Record Net Income

Q: What were Wintrust Financial's third-quarter 2026 earnings?

Wintrust earned $239.1 million, or $3.37 per diluted common share, in the third quarter of 2026. That compares with $233.7 million, or $3.30 per diluted common share, in the second quarter. It was the company's seventh consecutive quarter of record net income.

Q: Is Wintrust's accounting for its guardianship services acquisition finalized?

The initial purchase accounting is not finalized and remains subject to change. As of September 30, 2026, Wintrust had preliminarily recorded approximately $7.5 million in goodwill for the business purchased on September 1, 2026.

Loan and deposit growth accompanied higher earnings, while credit losses increased and non-interest income declined.

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Rhea-AI Summary

Wintrust Financial (WTFC) reported record third-quarter 2026 net income of $239.1 million, marking its seventh consecutive quarterly earnings record. Diluted earnings per share were $3.37, versus $3.30 in the second quarter, when net income was $233.7 million. First-nine-month net income rose 17% year over year to $700.1 million, or $9.89 per diluted share.

Third-quarter net interest income reached $621.6 million, versus $597.4 million sequentially. Loans grew $1.1 billion and deposits increased $1.3 billion. Net interest margin slipped one basis point to 3.49%. Net charge-offs—loan losses after recoveries—increased to $21.0 million from $13.4 million. Non-interest income fell to $136.3 million from $141.3 million, while non-interest expense reached $405.7 million versus $397.5 million.

On September 1, 2026, Wintrust completed its purchase of a guardianship services business with approximately $1.2 billion in assets under management.

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0 major · 14 points

Hollow bars mark forward-looking points. How the balance works

Positive

Moderate pointThird-quarter net income reached $239.1 million, versus $233.7 million sequentially; diluted EPS rose to $3.37 from $3.30.
Moderate pointFirst-nine-month net income rose 17% to $700.1 million; diluted EPS reached $9.89 versus $8.25 a year earlier.
Moderate pointThird-quarter net interest income increased to $621.6 million from $597.4 million in the second quarter.
Moderate pointThird-quarter loans increased $1.1 billion, or 8% annualized, across all major loan portfolios.
Moderate pointThird-quarter deposits increased $1.3 billion, or 8% annualized.
Moderate pointThird-quarter total assets increased $1.3 billion, or 7% annualized.
Moderate pointInsurance premium financing average balances increased $781.7 million sequentially; third-quarter originations were approximately $5.4 billion.
Moderate point. Forward-looking: it has not happened yet and may not happen.Wintrust expects continued fourth-quarter 2026 loan growth, citing commercial and commercial real estate loan pipelines.
Moderate point. Forward-looking: it has not happened yet and may not happen.Wintrust expects positive operating leverage for 2026, with revenue growth outpacing expense growth.

9 minor points

Minor pointGuardianship services acquisition completed September 1, 2026, adding a business with approximately $1.2 billion under management.
Minor pointNon-performing loans declined to $176.9 million, or 0.31% of loans, from $179.3 million, or 0.32%, sequentially.
Minor pointNon-performing assets declined to $193.3 million, or 0.25% of assets, from $195.2 million, or 0.26%, sequentially.
Minor pointThird-quarter wealth management revenue reached $41.0 million, increasing approximately $1.1 million sequentially.
Minor pointThird-quarter deposit service charges increased to $22.2 million from $21.2 million sequentially.
Minor pointThird-quarter salaries and benefits expense decreased approximately $3.5 million sequentially.
Minor pointThird-quarter interest-bearing deposit funding costs decreased one basis point sequentially.
Minor pointNon-interest expense relative to average assets fell to 2.16% from 2.21% sequentially.
Minor pointLeasing divisions' loan balances reached $1.3 billion at September 30, versus $1.2 billion at June 30.

Negative

Minor pointThird-quarter credit-loss provision increased to $25.9 million from $23.1 million sequentially.
Minor pointThird-quarter net charge-offs rose to $21.0 million, or 15 basis points annualized, versus $13.4 million, or 10 basis points.
Minor pointThird-quarter net interest margin decreased one basis point to 3.49% sequentially.
Minor pointThird-quarter loan yields declined one basis point sequentially.
Minor pointThird-quarter net free funds contribution decreased two basis points sequentially.

9 minor points

Minor pointThird-quarter non-interest income declined to $136.3 million from $141.3 million sequentially.
Minor pointThird-quarter mortgage banking revenue fell to $25.5 million from $27.4 million sequentially, primarily reflecting lower originations.
Minor pointThird-quarter investment securities recorded approximately $1.6 million in net losses, versus approximately $1.8 million in gains sequentially.
Minor pointThird-quarter advertising and marketing expense increased $1.4 million to $21.8 million sequentially.
Minor pointThird-quarter FDIC insurance expense increased $5.5 million to $12.1 million, primarily reflecting the prior quarter's assessment reversal.
Minor pointThird-quarter income tax expense increased to $87.3 million from $84.3 million; the effective rate rose to 26.7% from 26.5%.
Minor pointTotal liabilities increased $1.5 billion sequentially, driven by $1.3 billion in deposit growth.
Minor pointLeasing divisions' operating-lease equipment balances fell to $363.2 million at September 30 from $363.7 million at June 30.
Minor pointGuardianship acquisition accounting remains preliminary and subject to change, including approximately $7.5 million of recorded goodwill.

News Explained

In its third-quarter results, Wintrust reported mixed credit indicators: net charge-offs increased to $21.0 million from $13.4 million, while non-performing loans declined to $176.9 million from $179.3 million, and fell to 0.31% of loans from 0.32%.

Key Figures

Nine-month net income: $700.1 million Nine-month diluted EPS: $9.89 per diluted common share Nine-month pre-tax, pre-provision income: $1.0 billion +5 more

Nine-month net income: $700.1 million; First nine months of 2026; compared with $600.8 million in 2025
Nine-month diluted EPS: $9.89 per diluted common share; First nine months of 2026; compared with $8.25 in 2025
Nine-month pre-tax, pre-provision income: $1.0 billion; First nine months of 2026; compared with $884.1 million in 2025
Quarterly net income: $239.1 million; Third quarter of 2026; compared with $233.7 million in the second quarter
Quarterly diluted EPS: $3.37 per diluted common share; Third quarter of 2026; compared with $3.30 in the second quarter
Net interest income: $621.6 million; Third quarter of 2026; compared with $597.4 million in the second quarter
Net interest margin: 3.49% (3.51% fully taxable-equivalent); Third quarter of 2026; reported in line with prior guidance
Net charge-offs: $21.0 million; Third quarter of 2026; compared with $13.4 million in the second quarter

Historical Context

1 past event · Latest: Jul 20

1 event

Jul 20
Quarterly earnings

24h Move

-2.9%

Reported record second-quarter income and six-month results, providing a prior-period financial baseline.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

pre-tax, pre-provision income, net interest margin, net charge-offs, non-performing loans

4 terms

pre-tax, pre-provision income financial

"Pre-tax, pre-provision income (non-GAAP) for the first nine months"

Pre-tax, pre-provision income is a measure of a financial firm's earnings before deducting taxes and the money it sets aside to cover potential loan losses. Think of it as the company’s operating profit before accounting for future bad debts and taxes; like a shop’s sales minus running costs but before any emergency savings for damaged goods. Investors use it to see core profitability and to compare operating performance across periods or firms without the noise of loan-loss reserves and tax effects.

net interest margin financial

"Net interest margin of 3.51% in the third quarter remained in line"

Net interest margin measures how much a bank earns from lending and investing compared with what it pays for funding, expressed as a percentage of its interest-earning assets. Think of it like a grocery store’s markup: it shows the gap between buying cost and selling price per dollar of goods — here, the cost is interest paid and the sale is interest received. Investors watch it because a higher margin usually means a bank is more profitable and better at managing interest rate and credit conditions.

net charge-offs financial

"Net charge-offs totaled $21.0 million, or 15 basis points"

Net charge-offs are the amount of loans or credit a lender removes from its books as uncollectible after subtracting any money later recovered from previously written-off accounts. Think of it like a store writing off unpaid tabs but getting back a few dollars later — the net figure shows the real loss. Investors watch this to judge a lender’s loan quality, future profits and how much capital may be needed to cover bad debts.

non-performing loans financial

"Non-performing loans totaled $176.9 million and comprised 0.31%"

Loans on a bank’s books where the borrower has stopped making scheduled payments for a prolonged period (commonly about 90 days), so the lender no longer expects full repayment on time. Think of them as overdue IOUs that may never be paid back; a rising level of such loans weakens a lender’s earnings and balance sheet, signals greater credit risk in the economy, and can hurt investors through lower dividends, loan losses, or declines in the lender’s stock value.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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10/19/2026 - 04:45 PM EDT

ROSEMONT, Ill., Oct. 19, 2026 (GLOBE NEWSWIRE) -- Wintrust Financial Corporation (“Wintrust”, “the Company”, “we” or “our”) (Nasdaq: WTFC) announced record net income of $700.1 million, or $9.89 per diluted common share, for the first nine months of 2026 compared to net income of $600.8 million, or $8.25 per diluted common share, for the same period of 2025. This represents a year-to-date net income increase of 17% compared to the same period of 2025. Pre-tax, pre-provision income (non-GAAP) for the first nine months of the year totaled a record $1.0 billion, compared to $884.1 million for the first nine months of 2025.

The Company reported record quarterly net income of $239.1 million, or $3.37 per diluted common share, for the third quarter of 2026, compared to net income of $233.7 million, or $3.30 per diluted common share, for the second quarter of 2026. Pre-tax, pre-provision income (non-GAAP) for the third quarter of 2026 totaled $352.2 million, as compared to $341.1 million for the second quarter of 2026.

Timothy S. Crane, President and Chief Executive Officer, commented, “Our strong momentum in the first half of the year continued into the third quarter leading to consistent and record results for the first nine months of 2026. The third quarter of 2026 produced the seventh consecutive quarter of record net income for the Company.”

Additionally, Mr. Crane noted, “Net interest income came in at $621.6 million for the quarter, an increase of $24.2 million, or 16% annualized, from the second quarter of 2026. Net interest margin of 3.51% in the third quarter remained in line with our expectations, and we believe our balance sheet is well positioned to support stable performance through changing interest rate environments.”

Highlights of the third quarter of 2026:
Comparative information to the second quarter of 2026, unless otherwise noted

Total loans increased by $1.1 billion, or 8% annualized.
Total deposits increased by $1.3 billion, or 8% annualized.
Total assets increased by $1.3 billion, or 7% annualized.
Net interest income increased to $621.6 million in the third quarter of 2026, compared to $597.4 million in the second quarter of 2026, driven by strong average earning asset growth.
- Net interest margin was 3.49% (3.51% on a fully taxable-equivalent basis, non-GAAP) during the third quarter of 2026 which was in line with our prior guidance.
Provision for credit losses totaled $25.9 million in the third quarter of 2026, compared to $23.1 million in the second quarter of 2026.
Net charge-offs totaled $21.0 million, or 15 basis points of average total loans on an annualized basis, in the third quarter of 2026 up from $13.4 million, or 10 basis points of average total loans on an annualized basis, in the second quarter of 2026.
Non-performing loans totaled $176.9 million and comprised 0.31% of total loans at September 30, 2026, as compared to $179.3 million and 0.32% of total loans at June 30, 2026.

“We are encouraged by our strong third quarter performance and record results year-to-date. We believe we are well-positioned to build on our strong momentum and deliver further revenue growth as we close out the year. Our unique market position and strong customer relationships continue to create long-term franchise value in the markets we serve. We are proud of our latest deposit market share gains in Illinois and remain committed to expanding our market presence in Wisconsin and west Michigan. Our focus remains on delivering consistent balance sheet growth, expanding net interest income while maintaining a disciplined approach to expense management, which should generate positive operating leverage for the year”, Mr. Crane concluded.

The graphs shown on pages 3-7 illustrate certain financial highlights of the third quarter of 2026 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/70c22597-0785-4d8f-b369-f25a29b18ff9

SUMMARY OF RESULTS:

BALANCE SHEET

Total assets increased $1.3 billion in the third quarter of 2026 compared to the second quarter of 2026, driven by a $1.1 billion increase in total loans. The robust loan growth was diversified across all major loan portfolios.

Total liabilities increased by $1.5 billion in the third quarter of 2026 compared to the second quarter of 2026, driven by a $1.3 billion increase in total deposits. Strong organic deposit growth in the third quarter of 2026 was driven by our diverse customer base and product offerings. Non-interest bearing deposit balances represented 19% of total deposits and average non-interest bearing deposit balances have remained stable in recent quarters. The Company's loans-to-deposits ratio ended the quarter at 91.0%.

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 third quarter of 2026, net interest income totaled $621.6 million, compared to $597.4 million in the second quarter of 2026. The increase in net interest income in the third quarter of 2026 was driven by strong average earning asset growth of $2.1 billion.

Net interest margin was 3.49% (3.51% on a fully taxable-equivalent basis, non-GAAP) during the third quarter of 2026, down one basis point compared to the second quarter of 2026. The yield on earning assets remained flat during the third quarter of 2026 while loan yields decreased by one basis point. Funding cost on interest-bearing deposits decreased one basis point compared to the second quarter of 2026. The net free funds contribution in the third quarter of 2026 decreased two basis points compared to the second quarter of 2026.

For more information regarding net interest income, see Table 4 through Table 8 in this report.

ASSET QUALITY

The allowance for credit losses totaled $486.1 million as of September 30, 2026, an increase from $481.2 million as of June 30, 2026. A provision for credit losses totaling $25.9 million was recorded for the third quarter of 2026 compared to $23.1 million recorded in the second quarter of 2026. The provision for credit losses recognized in the third quarter of 2026 reflects growth in the portfolio, stable credit quality and a mostly stable macroeconomic forecast. However, given future economic performance remains uncertain, allowance results capture uncertainty related to credit spreads, equity market valuations, consumer & business sentiment, and the job market. 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 September 30, 2026, June 30, 2026, and March 31, 2026 is shown on Table 12 of this report.

Net charge-offs totaled $21.0 million in the third quarter of 2026, an increase of $7.6 million compared to $13.4 million of net charge-offs in the second quarter of 2026. Net charge-offs as a percentage of average total loans were 15 basis points in the third quarter of 2026 on an annualized basis compared to 10 basis points on an annualized basis in the second quarter of 2026. For more information regarding net charge-offs, see Table 10 in this report.

The Company’s loan portfolio delinquency rates remain low. For more information regarding past due loans, see Table 13 in this report.

Non-performing assets and non-performing loans were stable compared to prior quarter. Non-performing assets totaled $193.3 million and comprised 0.25% of total assets as of September 30, 2026, as compared to $195.2 million, or 0.26% of total assets, as of June 30, 2026. Non-performing loans totaled $176.9 million and comprised 0.31% of total loans at September 30, 2026, as compared to $179.3 million and 0.32% of total loans at June 30, 2026. For more information regarding non-performing assets, see Table 14 in this report.

NON-INTEREST INCOME

Non-interest income totaled $136.3 million in the third quarter of 2026, compared to $141.3 million in the second quarter of 2026.

Wealth management revenue increased by approximately $1.1 million in the third quarter of 2026, compared to the second quarter of 2026. The increase in the third quarter of 2026 was primarily driven by increased trust and asset management fees from higher assets under management during the period. 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 $25.5 million in the third quarter of 2026, compared to $27.4 million in the second quarter of 2026. The decrease in the third quarter of 2026 was primarily attributed to lower mortgage loan originations and related operational revenue. For more information regarding mortgage banking revenue, see Table 16 in this report.

The Company recognized approximately $1.6 million in net losses on investment securities in the third quarter of 2026 compared to approximately $1.8 million in net gains in the second quarter of 2026. The net losses in the third quarter of 2026 were primarily the result of fair value adjustments 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 $405.7 million in the third quarter of 2026, increasing $8.1 million, compared to $397.5 million in the second quarter of 2026. Non-interest expense, as a percent of average assets, decreased to 2.16% in the third quarter of 2026 from 2.21% in the second quarter of 2026.

Salaries and employee benefits expense decreased by approximately $3.5 million in the third quarter of 2026, compared to the second quarter of 2026. This was primarily driven by lower payroll taxes and deferred compensation expense during the third quarter of 2026.

Advertising and marketing expense in the third quarter of 2026 totaled $21.8 million, which was a $1.4 million increase as compared to the second quarter of 2026. The increase in the third quarter was primarily driven by community sponsorship events and media commitments which are historically higher in the second and third quarter of the year. 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.

FDIC insurance totaled $12.1 million in the third quarter of 2026, a $5.5 million increase from the second quarter of 2026. This was primarily the result of the $5.2 million FDIC special assessment reversal recorded in the second quarter of 2026. The special assessments were in response to certain bank failures in 2023 and the reversal was based on the FDIC's final determination of losses to its Deposit Insurance Fund.

For more information regarding non-interest expense, see Table 17 in this report.

INCOME TAXES

The Company recorded income tax expense of $87.3 million in the third quarter of 2026 compared to $84.3 million in the second quarter of 2026. The effective tax rates were 26.7% in the third quarter of 2026 compared to 26.5% in the second quarter of 2026.

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 third quarter of 2026, community banking increased its commercial, commercial real estate and residential real estate loan portfolios.

Mortgage banking revenue was $25.5 million for the third quarter of 2026, a decrease of $1.9 million compared to the second quarter of 2026. See Table 16 for more detail. Service charges on deposit accounts totaled $22.2 million in the third quarter of 2026 as compared to $21.2 million in the second quarter of 2026. The Company’s gross commercial and commercial real estate loan pipelines remained solid as of September 30, 2026 indicating momentum for expected continued loan growth in the fourth 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 approximately $5.4 billion during the third quarter of 2026. Average balances increased by $781.7 million, as compared to the second quarter of 2026. The Company’s leasing divisions’ portfolio balances increased in the third quarter of 2026, with capital leases, loans, and equipment on operating leases of $3.1 billion, $1.3 billion, and $363.2 million as of September 30, 2026, respectively, compared to $3.1 billion, $1.2 billion, and $363.7 million as of June 30, 2026, respectively. Revenues from the Company’s out-sourced administrative services business were $1.4 million in the third quarter of 2026, which was relatively stable compared to the second quarter of 2026.

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 $41.0 million in the third quarter of 2026, an increase as compared to the second quarter of 2026. At September 30, 2026, the Company’s wealth management subsidiaries had approximately $51.5 billion of assets under administration, which excludes assets owned by the Company and its subsidiary banks.

ITEMS IMPACTING COMPARATIVE FINANCIAL RESULTS

Business Acquisition

On September 1, 2026, the Company completed its purchase of the guardianship services business that was previously announced (the “business”). The business has approximately $1.2 billion in assets under management. As of September 30, 2026, the Company preliminarily recorded goodwill of approximately $7.5 million. In accordance with generally accepted accounting principles (“GAAP”), the initial purchase accounting for this business acquisition is not finalized and is therefore subject to change.

WINTRUST FINANCIAL CORPORATION

Key Operating Measures

Wintrust’s key operating measures and growth rates for the third quarter of 2026, as compared to the second quarter of 2026 (sequential quarter) and third quarter of 2025 (linked quarter), are shown in the table below:

										% or ⁽¹⁾ basis point (bp) change from 2nd Quarter 2026			% or basis point (bp) change from 3rd Quarter 2025
	Three Months Ended
(Dollars in thousands, except per share data)	Sep 30, 2026			Jun 30, 2026			Sep 30, 2025
Net income	$	239,054		$	233,693		$	216,254		2		%	11		%
Pre-tax income, excluding provision for credit losses (non-GAAP) ⁽²⁾		352,212			341,098			317,809		3			11
Net income per common share – Diluted		3.37			3.30			2.78		2			21
Cash dividends declared per common share		0.55			0.55			0.50		—			10
Net revenue ⁽³⁾		757,877			738,635			697,837		3			9
Net interest income		621,604			597,366			567,010		4			10
Net interest margin		3.49	%		3.50	%		3.48	%	(1	)	bps	1		bps
Net interest margin – fully taxable-equivalent (non-GAAP) ⁽²⁾		3.51			3.52			3.50		(1	)		1
Net overhead ratio ⁽⁴⁾		1.44			1.42			1.45		2			(1	)
Return on average assets		1.27			1.30			1.26		(3	)		1
Return on average common equity		12.83			12.82			11.58		1			125
Return on average tangible common equity (non-GAAP) ⁽²⁾		14.89			14.91			13.74		(2	)		115
At end of period
Total assets	$	75,971,620		$	74,668,135		$	69,629,638		7		%	9		%
Total loans ⁽⁵⁾		56,804,571			55,654,947			52,063,482		8			9
Total deposits		62,435,216			61,141,275			56,711,381		8			10
Total shareholders’ equity		7,289,546			7,525,116			7,045,757		(12	)		3

^{(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															Nine Months Ended
(Dollars in thousands, except per share data)	Sep 30, 2026			Jun 30, 2026			Mar 31, 2026			Dec 31, 2025			Sep 30, 2025			Sep 30, 2026			Sep 30, 2025
Selected Financial Condition Data (at end of period):
Total assets	$	75,971,620		$	74,668,135		$	72,157,433		$	71,142,046		$	69,629,638
Total loans ⁽¹⁾		56,804,571			55,654,947			54,071,292			53,105,101			52,063,482
Total deposits		62,435,216			61,141,275			58,914,382			57,717,191			56,711,381
Total shareholders’ equity		7,289,546			7,525,116			7,378,100			7,258,715			7,045,757
Selected Statements of Income Data:
Net interest income	$	621,604		$	597,366		$	579,024		$	583,874		$	567,010		$	1,797,994		$	1,640,178
Net revenue ⁽²⁾		757,877			738,635			713,166			714,264			697,837			2,209,678			2,011,728
Net income		239,054			233,693			227,388			223,024			216,254			700,135			600,820
Pre-tax income, excluding provision for credit losses (non-GAAP) ⁽³⁾		352,212			341,098			330,534			329,811			317,809			1,023,844			884,149
Net income per common share – Basic		3.42			3.34			3.26			3.21			2.82			10.02			8.37
Net income per common share – Diluted		3.37			3.30			3.22			3.15			2.78			9.89			8.25
Cash dividends declared per common share		0.55			0.55			0.55			0.50			0.50			1.65			1.50
Selected Financial Ratios and Other Data:
Performance Ratios:
Net interest margin		3.49	%		3.50	%		3.54	%		3.52	%		3.48	%		3.51	%		3.51	%
Net interest margin – fully taxable-equivalent (non-GAAP) ⁽³⁾		3.51			3.52			3.56			3.54			3.50			3.53			3.53
Non-interest income to average assets		0.73			0.79			0.78			0.74			0.76			0.76			0.75
Non-interest expense to average assets		2.16			2.21			2.21			2.19			2.21			2.19			2.28
Net overhead ratio ⁽⁴⁾		1.44			1.42			1.44			1.45			1.45			1.43			1.53
Return on average assets		1.27			1.30			1.32			1.27			1.26			1.30			1.22
Return on average common equity		12.83			12.82			12.76			12.63			11.58			12.80			11.94
Return on average tangible common equity (non-GAAP) ⁽³⁾		14.89			14.91			14.89			14.83			13.74			14.89			14.28
Average total assets	$	74,400,171		$	72,161,723		$	70,089,123		$	69,492,268		$	68,303,036		$	72,232,797		$	66,098,845
Average total shareholders’ equity		7,558,263			7,474,449			7,387,713			7,166,608			6,955,543			7,474,100			6,761,319
Average loans to average deposits ratio		91.8	%		92.6	%		93.1	%		92.4	%		92.5	%		92.5	%		92.6	%
Period-end loans to deposits ratio		91.0			91.0			91.8			92.0			91.8
Common Share Data at end of period:
Market price per common share	$	141.82		$	160.72		$	138.94		$	139.82		$	132.44
Book value per common share		101.74			105.26			103.10			102.03			98.87
Tangible book value per common share (non-GAAP) ⁽³⁾		88.18			92.13			89.90			88.66			85.39
Common shares outstanding		67,472,459			67,455,414			67,437,300			66,974,913			66,961,209
Other Data at end of period:
Common equity to assets ratio		9.0	%		9.5	%		9.6	%		9.6	%		9.5	%
Tangible common equity ratio (non-GAAP) ⁽³⁾		7.9			8.4			8.5			8.5			8.3
Tier 1 leverage ratio ⁽⁵⁾		9.8			9.8			9.8			9.6			9.5
Risk-based capital ratios:
Tier 1 capital ratio ⁽⁵⁾		11.2			11.1			11.1			11.0			10.9
Common equity tier 1 capital ratio ⁽⁵⁾		10.5			10.4			10.4			10.3			10.2
Total capital ratio ⁽⁵⁾		12.5			12.4			12.6			12.4			12.4
Allowance for credit losses ⁽⁶⁾	$	486,053		$	481,189		$	471,591		$	460,465		$	454,586
Allowance for loan and unfunded lending-related commitment losses to total loans		0.86	%		0.86	%		0.87	%		0.87	%		0.87	%
Number of:
Bank subsidiaries		16			16			16			16			16
Banking offices		211			210			209			209			208

⁽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)
	Sep 30,			Jun 30,			Mar 31,			Dec 31,			Sep 30,
(In thousands)		2026			2026			2026			2025			2025
Assets
Cash and due from banks	$	635,592		$	595,790		$	543,654		$	467,874		$	565,406
Federal funds sold and securities purchased under resale agreements		65			65			65			64			63
Interest-bearing deposits with banks		3,557,687			3,573,915			3,051,665			3,180,553			3,422,452
Available-for-sale securities, at fair value		7,569,498			7,587,545			7,244,282			6,236,263			5,274,124
Held-to-maturity securities, at amortized cost		3,120,503			3,196,452			3,270,207			3,343,905			3,438,406
Equity securities with readily determinable fair value		64,811			65,815			63,786			63,770			63,445
Federal Home Loan Bank and Federal Reserve Bank stock		296,171			294,629			292,044			291,881			282,755
Mortgage loans held-for-sale, at fair value		307,748			407,495			383,405			340,745			333,883
Loans, net of unearned income		56,804,571			55,654,947			54,071,292			53,105,101			52,063,482
Allowance for loan losses		(401,729	)		(402,952	)		(390,651	)		(379,283	)		(386,622	)
Net loans		56,402,842			55,251,995			53,680,641			52,725,818			51,676,860
Premises, software and equipment, net		792,205			778,958			777,603			781,611			775,425
Lease investments, net		363,243			363,664			362,766			360,646			301,000
Accrued interest receivable and other assets		1,946,561			1,666,474			1,596,617			1,617,682			1,614,674
Receivable on unsettled securities sales		—			—			—			835,275			978,209
Goodwill		804,661			797,219			797,658			797,960			797,639
Other acquisition-related intangible assets		110,033			88,119			93,040			97,999			105,297
Total assets	$	75,971,620		$	74,668,135		$	72,157,433		$	71,142,046		$	69,629,638
Liabilities and Shareholders’ Equity
Deposits:
Non-interest-bearing	$	11,584,695		$	11,796,736		$	12,112,891		$	11,423,701		$	10,952,146
Interest-bearing		50,850,521			49,344,539			46,801,491			46,293,490			45,759,235
Total deposits		62,435,216			61,141,275			58,914,382			57,717,191			56,711,381
Federal Home Loan Bank advances		3,450,680			3,450,680			3,451,309			3,451,309			3,151,309
Other borrowings		355,554			370,736			340,647			477,966			579,328
Subordinated notes		298,903			298,820			298,717			298,636			298,536
Junior subordinated debentures		253,566			253,566			253,566			253,566			253,566
Accrued interest payable and other liabilities		1,888,155			1,627,942			1,520,712			1,684,663			1,589,761
Total liabilities		68,682,074			67,143,019			64,779,333			63,883,331			62,583,881
Shareholders’ Equity:
Preferred stock		425,000			425,000			425,000			425,000			425,000
Common stock		67,599			67,581			67,563			67,062			67,042
Surplus		2,574,253			2,560,427			2,546,754			2,534,024			2,521,306
Treasury stock		(14,897	)		(14,882	)		(13,970	)		(9,156	)		(9,150	)
Retained earnings		5,101,367			4,907,788			4,719,561			4,537,539			4,356,367
Accumulated other comprehensive loss		(863,776	)		(420,798	)		(366,808	)		(295,754	)		(314,808	)
Total shareholders’ equity		7,289,546			7,525,116			7,378,100			7,258,715			7,045,757
Total liabilities and shareholders’ equity	$	75,971,620		$	74,668,135		$	72,157,433		$	71,142,046		$	69,629,638

WINTRUST FINANCIAL CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)

	Three Months Ended													Nine Months Ended
(Dollars in thousands, except per share data)	Sep 30, 2026			Jun 30, 2026		Mar 31, 2026			Dec 31, 2025			Sep 30, 2025		Sep 30, 2026		Sep 30, 2025
Interest income
Interest and fees on loans	$	853,299		$	822,981	$	797,889		$	822,494		$	832,140	$	2,474,169	$	2,398,499
Mortgage loans held-for-sale		5,761			6,169		4,615			5,607			4,757		16,545		13,875
Interest-bearing deposits with banks		25,595			20,916		19,150			27,190			34,992		65,661		106,075
Federal funds sold and securities purchased under resale agreements		1			5		64			77			75		70		530
Investment securities		112,273			105,716		100,278			95,461			86,426		318,267		236,495
Trading account securities		—			—		—			—			—		—		11
Federal Home Loan Bank and Federal Reserve Bank stock		5,932			5,625		5,564			5,497			5,444		17,121		16,144
Brokerage customer receivables		—			—		—			—			—		—		78
Total interest income		1,002,861			961,412		927,560			956,326			963,834		2,891,833		2,771,707
Interest expense
Interest on deposits		341,017			325,033		309,187			332,178			355,846		975,237		1,009,549
Interest on Federal Home Loan Bank advances		29,086			28,218		27,701			26,408			26,007		85,005		77,172
Interest on other borrowings		3,430			3,121		4,026			5,956			6,887		10,577		20,636
Interest on subordinated notes		3,721			3,739		3,719			3,737			3,717		11,179		11,166
Interest on junior subordinated debentures		4,003			3,935		3,903			4,173			4,367		11,841		13,006
Total interest expense		381,257			364,046		348,536			372,452			396,824		1,093,839		1,131,529
Net interest income		621,604			597,366		579,024			583,874			567,010		1,797,994		1,640,178
Provision for credit losses		25,879			23,134		29,594			27,588			21,768		78,607		67,965
Net interest income after provision for credit losses		595,725			574,232		549,430			556,286			545,242		1,719,387		1,572,213
Non-interest income
Wealth management		40,967			39,883		42,059			39,365			37,188		122,909		108,051
Mortgage banking		25,532			27,438		23,396			22,625			24,451		76,366		68,150
Service charges on deposit accounts		22,161			21,240		20,970			20,402			19,825		64,371		58,689
(Losses) gains on investment securities, net		(1,621	)		1,845		(31	)		1,505			2,972		193		6,818
Fees from covered call options		4,585			4,793		4,669			5,992			5,619		14,047		14,689
Trading gains (losses), net		48			70		10			(257	)		172		128		259
Operating lease income, net		18,447			18,804		19,154			16,365			15,466		56,405		45,919
Other		26,154			27,196		23,915			24,393			25,134		77,265		68,975
Total non-interest income		136,273			141,269		134,142			130,390			130,827		411,684		371,550
Non-interest expense
Salaries and employee benefits		230,552			234,089		228,447			222,557			219,668		693,088		650,735
Software and equipment		39,179			39,288		35,654			36,096			35,027		114,121		106,266
Operating lease equipment		11,661			11,187		10,987			11,034			10,409		33,835		31,637
Occupancy, net		19,548			21,153		20,566			20,105			20,809		61,267		61,815
Data processing		11,218			10,659		11,266			11,809			11,329		33,143		34,713
Advertising and marketing		21,806			20,432		13,218			13,792			19,027		55,456		50,060
Professional fees		10,687			9,342		7,375			8,280			7,465		27,404		25,752
Amortization of other acquisition-related intangible assets		4,686			4,921		4,958			4,999			5,196		14,565		16,394
FDIC insurance		12,138			6,640		10,990			10,562			11,418		29,768		33,315
Other real estate owned (“OREO”) expenses, net		282			786		207			2,162			262		1,275		1,410
Other		43,908			39,040		38,964			43,057			39,418		121,912		115,482
Total non-interest expense		405,665			397,537		382,632			384,453			380,028		1,185,834		1,127,579
Income before taxes		326,333			317,964		300,940			302,223			296,041		945,237		816,184
Income tax expense		87,279			84,271		73,552			79,199			79,787		245,102		215,364
Net income	$	239,054		$	233,693	$	227,388		$	223,024		$	216,254	$	700,135	$	600,820
Preferred stock dividends		8,367			8,367		8,367			8,367			13,295		25,101		27,277
Preferred stock redemption		—			—		—			—			14,046		—		14,046
Net income applicable to common shares	$	230,687		$	225,326	$	219,021		$	214,657		$	188,913	$	675,034	$	559,497
Net income per common share - Basic	$	3.42		$	3.34	$	3.26		$	3.21		$	2.82	$	10.02	$	8.37
Net income per common share - Diluted	$	3.37		$	3.30	$	3.22		$	3.15		$	2.78	$	9.89	$	8.25
Cash dividends declared per common share	$	0.55		$	0.55	$	0.55		$	0.50		$	0.50	$	1.65	$	1.50
Weighted average common shares outstanding		67,467			67,434		67,246			66,970			66,952		67,383		66,871
Dilutive potential common shares		911			852		851			1,143			1,028		876		945
Average common shares and dilutive common shares		68,378			68,286		68,097			68,113			67,980		68,259		67,816

TABLE 1: LOAN PORTFOLIO MIX AND GROWTH RATES

											% Growth From⁽¹⁾
(Dollars in thousands)	Sep 30, 2026		Jun 30, 2026		Mar 31, 2026		Dec 31, 2025		Sep 30, 2025		Jun 30, 2026⁽²⁾		Sep 30, 2025
Balance:
Mortgage loans held-for-sale, excluding early buy-out exercised loans guaranteed by U.S. government agencies	$	173,773	$	265,203	$	249,350	$	217,136	$	211,360	NM		(18)%
Mortgage loans held-for-sale, early buy-out exercised loans guaranteed by U.S. government agencies		133,975		142,292		134,055		123,609		122,523	(23	)	9
Total mortgage loans held-for-sale	$	307,748	$	407,495	$	383,405	$	340,745	$	333,883	(97)%		(8)%

Core loans:
Commercial
Commercial and industrial	$	8,051,117	$	7,802,625	$	7,620,239	$	7,267,505	$	7,135,083	13	%	13	%
Asset-based lending		1,662,239		1,628,319		1,558,089		1,512,888		1,588,522	8		5
Municipal		858,207		866,012		839,633		868,958		804,986	(4	)	7
Leases		3,132,875		3,114,901		3,002,014		2,921,366		2,834,563	2		11
Commercial real estate
Residential construction		51,454		52,590		53,097		54,753		60,923	(9	)	(16	)
Commercial construction		2,300,349		2,294,566		1,959,375		2,013,244		2,273,545	1		1
Land		327,086		308,509		311,470		341,585		323,685	24		1
Office		1,659,530		1,607,275		1,652,482		1,688,614		1,578,208	13		5
Industrial		3,590,562		3,405,641		3,323,977		3,167,768		2,912,547	22		23
Retail		1,510,533		1,475,949		1,469,658		1,436,252		1,478,861	9		2
Multi-family		3,516,050		3,299,607		3,565,419		3,445,507		3,306,597	26		6
Mixed use and other		2,005,047		1,826,470		1,826,808		1,793,013		1,684,841	39		19
Home equity		507,831		491,782		471,264		480,525		484,202	13		5
Residential real estate
Residential real estate loans for investment		4,552,877		4,411,357		4,319,941		4,171,439		4,019,046	13		13
Residential mortgage loans, early buy-out eligible loans guaranteed by U.S. government agencies		86,626		76,334		83,036		84,706		75,088	53		15
Residential mortgage loans, early buy-out exercised loans guaranteed by U.S. government agencies		56,512		55,001		62,189		61,087		49,736	11		14
Total core loans	$	33,868,895	$	32,716,938	$	32,118,691	$	31,309,210	$	30,610,433	14	%	11	%

Niche loans:
Commercial
Franchise	$	1,256,013	$	1,300,935	$	1,293,639	$	1,298,493	$	1,298,140	(14)%		(3)%
Mortgage warehouse lines of credit		1,749,346		1,897,762		1,800,972		1,515,003		1,204,661	(31	)	45
Community Advantage - homeowners association		517,408		516,782		526,274		532,027		537,696	0		(4	)
Insurance entity lending		1,114,560		1,153,975		1,122,361		1,128,446		1,140,691	(14	)	(2	)
Premium Finance receivables
U.S. property & casualty insurance		7,805,981		7,744,361		7,127,234		7,308,054		7,502,901	3		4
Canada property & casualty insurance		818,341		867,662		763,097		875,362		863,391	(23	)	(5	)
Life insurance		9,538,863		9,312,521		9,196,382		9,023,642		8,758,553	10		9
Consumer and other		135,164		144,011		122,642		114,864		147,016	(24	)	(8	)
Total niche loans	$	22,935,676	$	22,938,009	$	21,952,601	$	21,795,891	$	21,453,049	(0)%		7	%

Total loans, net of unearned income	$	56,804,571	$	55,654,947	$	54,071,292	$	53,105,101	$	52,063,482	8	%	9	%

⁽¹⁾^{NM - Not Meaningful.}
^{(2) Annualized.}

TABLE 2: DEPOSIT PORTFOLIO MIX AND GROWTH RATES

																% Growth From
(Dollars in thousands)	Sep 30, 2026			Jun 30, 2026			Mar 31, 2026			Dec 31, 2025			Sep 30, 2025			Jun 30, 2026⁽¹⁾		Sep 30, 2025
Balance:
Non-interest-bearing	$	11,584,695		$	11,796,736		$	12,112,891		$	11,423,701		$	10,952,146		(7)%		6	%
NOW and interest-bearing demand deposits		7,253,456			6,742,269			5,987,258			6,233,753			6,710,919		30		8
Wealth management deposits ⁽²⁾		1,690,496			1,349,949			1,670,620			1,907,647			1,600,735		100		6
Money market		24,174,275			23,083,225			21,714,267			21,368,924			20,270,382		19		19
Savings		6,487,247			6,597,516			6,942,565			6,905,216			6,758,743		(7	)	(4	)
Time certificates of deposit		11,245,047			11,571,580			10,486,781			9,877,950			10,418,456		(11	)	8
Total deposits	$	62,435,216		$	61,141,275		$	58,914,382		$	57,717,191		$	56,711,381		8	%	10	%
Mix:
Non-interest-bearing		19	%		19	%		20	%		20	%		19	%
NOW and interest-bearing demand deposits		11			11			10			11			12
Wealth management deposits ⁽²⁾		3			2			3			3			3
Money market		39			38			37			37			36
Savings		10			11			12			12			12
Time certificates of deposit		18			19			18			17			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 September 30, 2026

(Dollars in thousands)	Total Time Certificates of Deposit		Weighted-Average Rate of Maturing Time Certificates of Deposit
1-3 months	$	3,527,388	3.47	%
4-6 months		2,538,063	3.35
7-9 months		1,526,406	3.33
10-12 months		2,547,872	3.81
13-18 months		956,359	3.59
19-24 months		79,951	2.90
24+ months		69,008	2.51
Total	$	11,245,047	3.50	%

TABLE 4: QUARTERLY AVERAGE BALANCES

	Average Balance for three months ended,
	Sep 30,			Jun 30,			Mar 31,			Dec 31,			Sep 30,
(In thousands)		2026			2026			2026			2025			2025
Interest-bearing deposits with banks, securities purchased under resale agreements and cash equivalents ⁽¹⁾	$	2,853,369		$	2,412,081		$	2,247,083		$	2,842,829		$	3,276,683
Investment securities ⁽²⁾		11,073,179			10,832,538			10,616,617			10,084,138			9,377,930
FHLB and FRB stock ⁽³⁾		294,088			292,325			291,972			284,643			282,338
Liquidity management assets ⁽⁴⁾	$	14,220,636		$	13,536,944		$	13,155,672		$	13,211,610		$	12,936,951
Mortgage loans held-for-sale		362,329			402,175			317,047			357,672			295,365
Loans, net of unearned income ^{(4) (5)}		55,982,688			54,491,469			52,845,685			52,193,637			51,403,566
Total earning assets ⁽⁴⁾	$	70,565,653		$	68,430,588		$	66,318,404		$	65,762,919		$	64,635,882
Allowance for loan and investment security losses		(413,132	)		(405,743	)		(391,810	)		(404,075	)		(410,681	)
Cash and due from banks		539,220			519,586			534,189			517,616			495,292
Other assets		3,708,430			3,617,292			3,628,340			3,615,808			3,582,543
Total assets	$	74,400,171		$	72,161,723		$	70,089,123		$	69,492,268		$	68,303,036

NOW and interest-bearing demand deposits	$	7,283,497		$	6,453,420		$	6,081,218		$	6,133,333		$	6,687,292
Wealth management deposits		1,566,292			1,485,347			1,858,560			1,925,808			1,604,142
Money market accounts		22,860,299			22,000,942			21,156,125			20,475,659			19,431,021
Savings accounts		6,570,130			6,707,916			6,921,251			6,814,263			6,723,325
Time deposits		11,256,456			10,938,312			9,782,112			10,045,136			10,319,719
Interest-bearing deposits	$	49,536,674		$	47,585,937		$	45,799,266		$	45,394,199		$	44,765,499
FHLB advances ⁽³⁾		3,450,683			3,450,773			3,451,312			3,203,483			3,151,310
Other borrowings		393,031			358,511			442,200			547,507			614,892
Subordinated notes		298,844			298,757			298,661			298,576			298,481
Junior subordinated debentures		253,566			253,566			253,566			253,566			253,566
Total interest-bearing liabilities	$	53,932,798		$	51,947,544		$	50,245,005		$	49,697,331		$	49,083,748
Non-interest-bearing deposits		11,417,869			11,273,344			10,963,887			11,080,254			10,791,709
Other liabilities		1,491,241			1,466,386			1,492,518			1,548,075			1,472,036
Equity		7,558,263			7,474,449			7,387,713			7,166,608			6,955,543
Total liabilities and shareholders’ equity	$	74,400,171		$	72,161,723		$	70,089,123		$	69,492,268		$	68,303,036

Net free funds/contribution ⁽⁶⁾	$	16,632,855		$	16,483,044		$	16,073,399		$	16,065,588		$	15,552,134

⁽¹⁾^{Includes interest-bearing deposits from banks and securities purchased under resale agreements with original maturities of greater than three months. Cash equivalents include federal funds sold and securities purchased under resale agreements with original maturities of three months or less.}
^{(2) Investment securities includes investment securities classified as available-for-sale and held-to-maturity, and equity securities with readily determinable fair values. Equity securities without readily determinable fair values are included within other assets.}
^{(3) Federal Home Loan Bank (“FHLB”) and Federal Reserve Bank (“FRB”)}
^{(4) See Table 18: Supplemental Non-GAAP Financial Measures/Ratios for additional information on this performance measure/ratio.}
^{(5) Loans, net of unearned income, include non-accrual loans.}
^{(6) Net free funds are the difference between total average earning assets and total average interest-bearing liabilities. The estimated contribution to net interest margin from net free funds is calculated using the rate paid for total interest-bearing liabilities.}

TABLE 5: QUARTERLY NET INTEREST INCOME

	Net Interest Income for three months ended,
	Sep 30,			Jun 30,			Mar 31,			Dec 31,			Sep 30,
(In thousands)		2026			2026			2026			2025			2025
Interest income:
Interest-bearing deposits with banks, securities purchased under resale agreements and cash equivalents	$	25,595		$	20,921		$	19,214		$	27,267		$	35,067
Investment securities		112,884			106,346			100,864			96,122			87,101
FHLB and FRB stock ⁽¹⁾		5,932			5,625			5,564			5,497			5,444
Liquidity management assets ⁽²⁾	$	144,411		$	132,892		$	125,642		$	128,886		$	127,612
Mortgage loans held-for-sale		5,761			6,169			4,615			5,607			4,757
Loans, net of unearned income ⁽²⁾		855,450			825,092			799,915			824,628			834,294
Total interest income	$	1,005,622		$	964,153		$	930,172		$	959,121		$	966,663

Interest expense:
NOW and interest-bearing demand deposits	$	37,394		$	32,318		$	29,666		$	31,681		$	40,448
Wealth management deposits		6,895			6,823			8,941			10,011			8,415
Money market accounts		174,404			165,035			155,299			163,585			169,831
Savings accounts		23,197			25,729			30,672			34,371			38,844
Time deposits		99,127			95,128			84,609			92,530			98,308
Interest-bearing deposits	$	341,017		$	325,033		$	309,187		$	332,178		$	355,846
FHLB advances ⁽¹⁾		29,086			28,218			27,701			26,408			26,007
Other borrowings		3,430			3,121			4,026			5,956			6,887
Subordinated notes		3,721			3,739			3,719			3,737			3,717
Junior subordinated debentures		4,003			3,935			3,903			4,173			4,367
Total interest expense	$	381,257		$	364,046		$	348,536		$	372,452		$	396,824

Less: Fully taxable-equivalent adjustment		(2,761	)		(2,741	)		(2,612	)		(2,795	)		(2,829	)
Net interest income (GAAP) ⁽³⁾		621,604			597,366			579,024			583,874			567,010
Fully taxable-equivalent adjustment		2,761			2,741			2,612			2,795			2,829
Net interest income, fully taxable-equivalent (non-GAAP) ⁽³⁾	$	624,365		$	600,107		$	581,636		$	586,669		$	569,839

^{(1) Federal Home Loan Bank (“FHLB”) and Federal Reserve Bank (“FRB”)}
^{(2) Interest income on tax-advantaged loans, trading securities and investment securities reflects a taxable-equivalent adjustment based on the marginal federal corporate tax rate in effect as of the applicable period.}
^{(3) See Table 18: Supplemental Non-GAAP Financial Measures/Ratios for additional information on this performance measure/ratio.}

TABLE 6: QUARTERLY NET INTEREST MARGIN

	Net Interest Margin for three months ended,
	Sep 30, 2026		Jun 30, 2026		Mar 31, 2026		Dec 31, 2025		Sep 30, 2025
Yield earned on:
Interest-bearing deposits with banks, securities purchased under resale agreements and cash equivalents	3.56	%	3.48	%	3.47	%	3.81	%	4.25	%
Investment securities	4.04		3.94		3.85		3.78		3.68
FHLB and FRB stock ⁽¹⁾	8.00		7.72		7.73		7.66		7.65
Liquidity management assets	4.03	%	3.94	%	3.87	%	3.87	%	3.91	%
Mortgage loans held-for-sale	6.31		6.15		5.90		6.22		6.39
Loans, net of unearned income	6.06		6.07		6.14		6.27		6.44
Total earning assets	5.65	%	5.65	%	5.69	%	5.79	%	5.93	%

Rate paid on:
NOW and interest-bearing demand deposits	2.04	%	2.01	%	1.98	%	2.05	%	2.40	%
Wealth management deposits	1.75		1.84		1.95		2.06		2.08
Money market accounts	3.03		3.01		2.98		3.17		3.47
Savings accounts	1.40		1.54		1.80		2.00		2.29
Time deposits	3.49		3.49		3.51		3.65		3.78
Interest-bearing deposits	2.73	%	2.74	%	2.74	%	2.90	%	3.15	%
FHLB advances	3.34		3.28		3.26		3.27		3.27
Other borrowings	3.46		3.49		3.69		4.32		4.44
Subordinated notes	4.94		5.02		5.05		4.97		4.94
Junior subordinated debentures	6.26		6.22		6.24		6.53		6.83
Total interest-bearing liabilities	2.80	%	2.81	%	2.81	%	2.97	%	3.21	%

Interest rate spread^{(2) (3)}	2.85	%	2.84	%	2.88	%	2.82	%	2.72	%
Less: Fully taxable-equivalent adjustment	(0.02	)	(0.02	)	(0.02	)	(0.02	)	(0.02	)
Net free funds/contribution⁽⁴⁾	0.66		0.68		0.68		0.72		0.78
Net interest margin (GAAP)⁽³⁾	3.49	%	3.50	%	3.54	%	3.52	%	3.48	%
Fully taxable-equivalent adjustment	0.02		0.02		0.02		0.02		0.02
Net interest margin, fully taxable-equivalent (non-GAAP)⁽³⁾	3.51	%	3.52	%	3.56	%	3.54	%	3.50	%

⁽¹⁾^{Federal Home Loan Bank (“FHLB”) and Federal Reserve Bank (“FRB”)}
^{(2) Interest rate spread is the difference between the yield earned on earning assets and the rate paid on interest-bearing liabilities.}
^{(3) See Table 18: Supplemental Non-GAAP Financial Measures/Ratios for additional information on this performance measure/ratio.}
^{(4) Net free funds are the difference between total average earning assets and total average interest-bearing liabilities. The estimated contribution to net interest margin from net free funds is calculated using the rate paid for total interest-bearing liabilities.}

TABLE 7: YEAR-TO-DATE AVERAGE BALANCES, AND NET INTEREST INCOME AND MARGIN

	Average Balance for nine months ended,						Interest for nine months ended,						Yield/Rate for nine months ended,
(Dollars in thousands)	Sep 30, 2026			Sep 30, 2025			Sep 30, 2026			Sep 30, 2025			Sep 30, 2026		Sep 30, 2025
Interest-bearing deposits with banks, securities purchased under resale agreements and cash equivalents ⁽¹⁾	$	2,506,398		$	3,367,419		$	65,730		$	106,605		3.51	%	4.23	%
Investment securities ⁽²⁾		10,842,451			8,866,621			320,094			238,540		3.95		3.60
FHLB and FRB stock ⁽³⁾		292,803			282,016			17,121			16,144		7.82		7.65
Liquidity management assets ^{(4) (5)}	$	13,641,652		$	12,516,056		$	402,945		$	361,289		3.95	%	3.86	%
Other earning assets ^{(4) (5) (6)}		—			4,332			—			92		—		2.84
Mortgage loans held-for-sale		360,683			297,568			16,545			13,875		6.13		6.23
Loans, net of unearned income ^{(4) (5) (7)}		54,451,438			49,597,938			2,480,457			2,405,059		6.09		6.48
Total earning assets ⁽⁵⁾	$	68,453,773		$	62,415,894		$	2,899,947		$	2,780,315		5.66	%	5.96	%
Allowance for loan and investment security losses		(403,640	)		(395,041	)
Cash and due from banks		531,017			483,543
Other assets		3,651,647			3,594,449
Total assets	$	72,232,797		$	66,098,845

NOW and interest-bearing demand deposits	$	6,610,449		$	6,387,859		$	99,378		$	111,565		2.01	%	2.34	%
Wealth management deposits		1,635,663			1,577,312			22,659			25,203		1.85		2.14
Money market accounts		22,012,031			18,405,748			494,738			472,095		3.01		3.43
Savings accounts		6,731,813			6,594,716			79,598			112,404		1.58		2.28
Time deposits		10,664,360			9,859,196			278,864			288,282		3.50		3.91
Interest-bearing deposits	$	47,654,316		$	42,824,831		$	975,237		$	1,009,549		2.74	%	3.15	%
FHLB advances ⁽³⁾		3,450,920			3,151,310			85,005			77,172		3.29		3.27
Other borrowings		397,733			597,016			10,577			20,636		3.56		4.62
Subordinated notes		298,755			298,396			11,179			11,166		5.00		5.00
Junior subordinated debentures		253,566			253,566			11,841			13,006		6.24		6.86
Total interest-bearing liabilities	$	52,055,290		$	47,125,119		$	1,093,839		$	1,131,529		2.81	%	3.21	%
Non-interest-bearing deposits		11,220,029			10,722,772
Other liabilities		1,483,378			1,489,635
Equity		7,474,100			6,761,319
Total liabilities and shareholders’ equity	$	72,232,797		$	66,098,845
Interest rate spread ^{(5) (8)}													2.85	%	2.75	%
Less: Fully taxable-equivalent adjustment								(8,114	)		(8,608	)	(0.02	)	(0.02	)
Net free funds/contribution ⁽⁹⁾	$	16,398,483		$	15,290,775								0.68		0.78
Net interest income/margin (GAAP)⁽⁵⁾							$	1,797,994		$	1,640,178		3.51	%	3.51	%
Fully taxable-equivalent adjustment								8,114			8,608		0.02		0.02
Net interest income/margin, fully taxable-equivalent (non-GAAP) ⁽⁵⁾							$	1,806,108		$	1,648,786		3.53	%	3.53	%

^{(1) Includes interest-bearing deposits from banks and securities purchased under resale agreements with original maturities of greater than three months. Cash equivalents include federal funds sold and securities purchased under resale agreements with original maturities of three months or less.}
^{(2) Investment securities includes investment securities classified as available-for-sale and held-to-maturity, and equity securities with readily determinable fair values. Equity securities without readily determinable fair values are included within other assets.}
^{(3) Federal Home Loan Bank (“FHLB”) and Federal Reserve Bank (“FRB”)}
^{(4) Interest income on tax-advantaged loans, trading securities and investment securities reflects a taxable-equivalent adjustment based on the marginal federal corporate tax rate in effect as of the applicable period.}
^{(5) See Table 18: Supplemental Non-GAAP Financial Measures/Ratios for additional information on this performance measure/ratio.}
^{(6) Other earning assets include brokerage customer receivables and trading account securities.}
^{(7) Loans, net of unearned income, include non-accrual loans.}
^{(8) Interest rate spread is the difference between the yield earned on earning assets and the rate paid on interest-bearing liabilities.}
^{(9) Net free funds are the difference between total average earning assets and total average interest-bearing liabilities. The estimated contribution to net interest margin from net free funds is calculated using the rate paid for total interest-bearing liabilities.}

TABLE 8: INTEREST RATE SENSITIVITY

As an ongoing part of its financial strategy, the Company attempts to manage the impact of fluctuations in market interest rates on net interest income. Management measures its exposure to changes in interest rates by modeling many different interest rate scenarios.

The following interest rate scenarios display the percentage change in net interest income over a one-year time horizon assuming increases and decreases of 100 and 200 basis points as compared to projected net interest income in a scenario with no assumed rate changes. The Static Shock Scenario results incorporate actual cash flows and repricing characteristics for balance sheet instruments following an instantaneous, parallel change in market rates based upon a static (i.e. no growth or constant) balance sheet. Conversely, the Ramp Scenario results incorporate management’s projections of future volume and pricing of each of the product lines following a gradual, parallel change in market rates over twelve months. Actual results may differ from these simulated results due to timing, magnitude, and frequency of interest rate changes as well as changes in market conditions and management strategies. The interest rate sensitivity for both the Static Shock and Ramp Scenario is as follows:

Static Shock Scenario	+200 Basis Points		+100 Basis Points		-100 Basis Points		-200 Basis Points
Sep 30, 2026	(2.9)%		(1.6)%		0.3	%	0.1	%
Jun 30, 2026	(2.4	)	(1.1	)	(0.1	)	(0.1	)
Mar 31, 2026	(0.8	)	(0.1	)	(1.0	)	(1.9	)
Dec 31, 2025	(1.6	)	(0.5	)	(0.5	)	(0.8	)
Sep 30, 2025	(2.3	)	(0.8	)	0.0		(0.4	)

Ramp Scenario	+200 Basis Points		+100 Basis Points		-100 Basis Points		-200 Basis Points
Sep 30, 2026	(2.2)%		(1.3)%		0.5	%	1.2	%
Jun 30, 2026	(0.2	)	(0.1	)	(0.2	)	(0.4	)
Mar 31, 2026	(0.1	)	0.0		(0.1	)	(0.3	)
Dec 31, 2025	(0.0	)	0.1		(0.1	)	(0.2	)
Sep 30, 2025	(0.2	)	(0.1	)	0.1		(0.1	)

As shown above, the magnitude of potential changes in net interest income in various interest rate scenarios has continued to remain relatively neutral. Management has taken action to reposition its sensitivity to interest rates to stabilize net interest margin following the rise in short term interest rates in 2022 and 2023. To this end, management has executed various derivative instruments including collars, floors and receive-fixed swaps to hedge variable-rate loan exposures. The Company will continue to monitor current and projected interest rates and may execute additional derivatives to mitigate potential fluctuations in the net interest margin in future periods.

TABLE 9: MATURITIES AND SENSITIVITIES TO CHANGES IN INTEREST RATES

	Loans repricing or contractual maturity period
As of September 30, 2026	One year or less			From one to five years		From five to fifteen years		After fifteen years		Total
(In thousands)	One year or less			From one to five years		From five to fifteen years		After fifteen years		Total
Commercial
Fixed rate	$	668,421		$	4,220,622	$	2,267,646	$	23,498	$	7,180,187
Variable rate		11,157,780			3,798		—		—		11,161,578
Total commercial	$	11,826,201		$	4,224,420	$	2,267,646	$	23,498	$	18,341,765
Commercial real estate
Fixed rate	$	946,605		$	2,696,894	$	343,419	$	68,813	$	4,055,731
Variable rate		10,898,800			6,017		63		—		10,904,880
Total commercial real estate	$	11,845,405		$	2,702,911	$	343,482	$	68,813	$	14,960,611
Home equity
Fixed rate	$	8,731		$	1,266	$	23	$	4	$	10,024
Variable rate		497,807			—		—		—		497,807
Total home equity	$	506,538		$	1,266	$	23	$	4	$	507,831
Residential real estate
Fixed rate	$	17,516		$	6,349	$	61,821	$	1,047,240	$	1,132,926
Variable rate		153,365			870,687		2,539,037		—		3,563,089
Total residential real estate	$	170,881		$	877,036	$	2,600,858	$	1,047,240	$	4,696,015
Premium finance receivables - property & casualty
Fixed rate	$	8,466,546		$	157,776	$	—	$	—	$	8,624,322
Variable rate		—			—		—		—		—
Total premium finance receivables - property & casualty	$	8,466,546		$	157,776	$	—	$	—	$	8,624,322
Premium finance receivables - life insurance
Fixed rate	$	13,006		$	35,884	$	—	$	—	$	48,890
Variable rate		9,489,973			—		—		—		9,489,973
Total premium finance receivables - life insurance	$	9,502,979		$	35,884	$	—	$	—	$	9,538,863
Consumer and other
Fixed rate	$	32,133		$	7,772	$	968	$	836	$	41,709
Variable rate		93,455			—		—		—		93,455
Total consumer and other	$	125,588		$	7,772	$	968	$	836	$	135,164

Total per category
Fixed rate	$	10,152,958		$	7,126,563	$	2,673,877	$	1,140,391	$	21,093,789
Variable rate		32,291,180			880,502		2,539,100		—		35,710,782
Total loans, net of unearned income	$	42,444,138		$	8,007,065	$	5,212,977	$	1,140,391	$	56,804,571
Less: Existing cash flow hedging derivatives ⁽¹⁾		(6,650,000	)
Total loans repricing or maturing in one year or less, adjusted for cash flow hedging activity	$	35,794,138

Variable Rate Loan Pricing by Index:
SOFR tenors ⁽²⁾										$	23,556,092
12- month CMT ⁽³⁾											8,442,458
Prime											2,980,955
Fed Funds											502,961
Other U.S. Treasury tenors											125,663
Other											102,653
Total variable rate										$	35,710,782

^{(1) Excludes cash flow hedges with future effective starting dates and those that have matured as of September 30, 2026. The $6.65 billion of cash flow hedging derivatives includes receive fixed swaps, collars and floors of which $5.70 billion were impacting the cash flows of loans indexed to one-month SOFR as of September 30, 2026.}
^{(2) SOFR - Secured Overnight Financing Rate.}
^{(3) CMT - Constant Maturity Treasury Rate.}

Graph available at the following link: http://ml.globenewswire.com/Resource/Download/96398016-9f3a-40ae-b1ba-211e33ef84c1

TABLE 10: ALLOWANCE FOR CREDIT LOSSES

	Three Months Ended															Nine Months Ended
	Sep 30,			Jun 30,			Mar 31,			Dec 31,			Sep 30,			Sep 30,			Sep 30,
(Dollars in thousands)		2026			2026			2026			2025			2025			2026			2025
Allowance for credit losses at beginning of period	$	481,189		$	471,591		$	460,465		$	454,586		$	457,461		$	460,465		$	437,060
Provision for credit losses		25,879			23,134			29,594			27,588			21,768			78,607			67,965
Other adjustments		(18	)		(90	)		(50	)		71			(88	)		(158	)		96
Charge-offs:
Commercial		19,075			10,837			8,428			12,894			21,597			38,340			37,467
Commercial real estate		414			707			7,260			5,625			144			8,381			6,309
Home equity		—			—			—			—			27			—			138
Residential real estate		107			163			350			—			26			620			26
Premium finance receivables - property & casualty		7,361			5,403			7,431			8,354			6,860			20,195			20,320
Premium finance receivables - life insurance		—			—			—			—			18			—			30
Consumer and other		217			172			180			203			174			569			500
Total charge-offs		27,174			17,282			23,649			27,076			28,846			68,105			64,790
Recoveries:
Commercial		1,577			1,710			1,419			956			1,449			4,706			4,124
Commercial real estate		2,103			5			6			4			241			2,114			263
Home equity		12			16			303			28			104			331			350
Residential real estate		24			1			1			1			1			26			139
Premium finance receivables - property & casualty		2,435			2,076			3,437			4,275			2,459			7,948			9,281
Premium finance receivables - life insurance		—			—			—			—			—			—			—
Consumer and other		26			28			65			32			37			119			98
Total recoveries		6,177			3,836			5,231			5,296			4,291			15,244			14,255
Net charge-offs		(20,997	)		(13,446	)		(18,418	)		(21,780	)		(24,555	)		(52,861	)		(50,535	)
Allowance for credit losses at period end	$	486,053		$	481,189		$	471,591		$	460,465		$	454,586		$	486,053		$	454,586

Annualized net charge-offs (recoveries) by category as a percentage of its own respective category’s average:
Commercial		0.39	%		0.20	%		0.17	%		0.29	%		0.49	%		0.26	%		0.28	%
Commercial real estate		(0.05	)		0.02			0.21			0.16			(0.00	)		0.06			0.06
Home equity		(0.01	)		(0.01	)		(0.26	)		(0.02	)		(0.06	)		(0.09	)		(0.06	)
Residential real estate		0.01			0.01			0.03			(0.00	)		0.00			0.02			(0.00	)
Premium finance receivables - property & casualty		0.22			0.16			0.20			0.20			0.20			0.20			0.19
Premium finance receivables - life insurance		—			—			—			—			0.00			—			0.00
Consumer and other		0.41			0.42			0.35			0.47			0.40			0.39			0.43
Total loans, net of unearned income		0.15	%		0.10	%		0.14	%		0.17	%		0.19	%		0.13	%		0.14	%

Loans at period end	$	56,804,571		$	55,654,947		$	54,071,292		$	53,105,101		$	52,063,482
Allowance for loan losses as a percentage of loans at period end		0.71	%		0.72	%		0.72	%		0.71	%		0.74	%
Allowance for loan and unfunded lending-related commitment losses as a percentage of loans at period end		0.86			0.86			0.87			0.87			0.87

TABLE 11: ALLOWANCE AND PROVISION FOR CREDIT LOSSES BY COMPONENT

	Three Months Ended															Nine Months Ended
	Sep 30,			Jun 30,			Mar 31,			Dec 31,			Sep 30,			Sep 30,			Sep 30,
(In thousands)		2026			2026			2026			2025			2025			2026			2025
Provision for loan losses - Other	$	19,792		$	25,837		$	29,836		$	14,369		$	19,610		$	75,465		$	73,043
Provision for unfunded lending-related commitments losses - Other		6,094			(2,666	)		(239	)		13,354			2,160			3,189			(5,017	)
Provision for held-to-maturity securities losses		(7	)		(37	)		(3	)		(135	)		(2	)		(47	)		(61	)
Provision for credit losses	$	25,879		$	23,134		$	29,594		$	27,588		$	21,768		$	78,607		$	67,965

Allowance for loan losses	$	401,729		$	402,952		$	390,651		$	379,283		$	386,622
Allowance for unfunded lending-related commitments losses		84,111			78,017			80,683			80,922			67,569
Allowance for loan losses and unfunded lending-related commitments losses		485,840			480,969			471,334			460,205			454,191
Allowance for held-to-maturity securities losses		213			220			257			260			395
Allowance for credit losses	$	486,053		$	481,189		$	471,591		$	460,465		$	454,586

TABLE 12: ALLOWANCE BY LOAN PORTFOLIO

The table below summarizes the calculation of allowance for loan losses and allowance for unfunded lending-related commitments losses for the Company’s loan portfolios as well as core and niche portfolios, as of September 30, 2026, June 30, 2026 and March 31, 2026.

	As of Sep 30, 2026						As of Jun 30, 2026						As of Mar 31, 2026
(Dollars in thousands)	Recorded Investment		Calculated Allowance		% of its category’s balance		Recorded Investment		Calculated Allowance		% of its category’s balance		Recorded Investment		Calculated Allowance		% of its category’s balance
Commercial	$	18,341,765	$	240,134	1.31	%	$	18,281,311	$	234,809	1.28	%	$	17,763,221	$	210,959	1.19	%
Commercial real estate:
Construction and development		2,678,889		66,450	2.48			2,655,665		67,343	2.54			2,323,942		74,092	3.19
Non-construction		12,281,722		142,623	1.16			11,614,942		142,605	1.23			11,838,344		150,778	1.27
Total commercial real estate	$	14,960,611	$	209,073	1.40	%	$	14,270,607	$	209,948	1.47	%	$	14,162,286	$	224,870	1.59	%
Total commercial and commercial real estate	$	33,302,376	$	449,207	1.35	%	$	32,551,918	$	444,757	1.37	%	$	31,925,507	$	435,829	1.37	%
Home equity		507,831		9,837	1.94			491,782		10,004	2.03			471,264		10,213	2.17
Residential real estate		4,696,015		13,619	0.29			4,542,692		13,257	0.29			4,465,166		13,081	0.29
Premium finance receivables - property & casualty		8,624,322		11,499	0.13			8,612,023		11,142	0.13			7,890,331		10,591	0.13
Premium finance receivables - life insurance		9,538,863		830	0.01			9,312,521		810	0.01			9,196,382		800	0.01
Consumer and other		135,164		848	0.63			144,011		999	0.69			122,642		820	0.67
Total loans, net of unearned income	$	56,804,571	$	485,840	0.86	%	$	55,654,947	$	480,969	0.86	%	$	54,071,292	$	471,334	0.87	%

Total core loans ⁽¹⁾	$	33,868,895	$	413,833	1.22	%	$	32,716,938	$	406,752	1.24	%	$	32,118,691	$	408,892	1.27	%
Total niche loans ⁽¹⁾		22,935,676		72,007	0.31			22,938,009		74,217	0.32			21,952,601		62,442	0.28

⁽¹⁾^{See Table 1 for additional detail on core and niche loans.}

TABLE 13: LOAN PORTFOLIO AGING

(In thousands)	Sep 30, 2026		Jun 30, 2026		Mar 31, 2026		Dec 31, 2025		Sep 30, 2025
Loan Balances:
Commercial
Non-accrual	$	85,670	$	90,642	$	87,750	$	78,059	$	66,577
90+ days and still accruing		—		—		—		—		—
60-89 days past due		21,825		14,851		9,996		22,952		12,190
30-59 days past due		39,132		38,292		90,389		90,205		36,136
Current		18,195,138		18,137,526		17,575,086		16,853,470		16,429,439
Total commercial	$	18,341,765	$	18,281,311	$	17,763,221	$	17,044,686	$	16,544,342
Commercial real estate
Non-accrual	$	13,013	$	17,220	$	16,757	$	25,147	$	28,202
90+ days and still accruing		—		—		—		—		—
60-89 days past due		17,827		14,879		17,133		19,529		14,119
30-59 days past due		74,545		60,451		54,143		65,601		83,055
Current		14,855,226		14,178,057		14,074,253		13,830,459		13,493,831
Total commercial real estate	$	14,960,611	$	14,270,607	$	14,162,286	$	13,940,736	$	13,619,207
Home equity
Non-accrual	$	1,149	$	1,177	$	1,142	$	1,221	$	1,295
90+ days and still accruing		—		—		—		—		—
60-89 days past due		1,085		690		463		1,112		246
30-59 days past due		1,427		878		2,012		2,818		2,294
Current		504,170		489,037		467,647		475,374		480,367
Total home equity	$	507,831	$	491,782	$	471,264	$	480,525	$	484,202
Residential real estate
Early buy-out loans guaranteed by U.S. government agencies ⁽¹⁾	$	143,138	$	131,335	$	145,225	$	145,793	$	124,824
Non-accrual		26,218		25,910		27,360		32,862		28,942
90+ days and still accruing		—		—		—		—		—
60-89 days past due		5,390		3,310		129		7,562		8,829
30-59 days past due		114		—		30,854		24,908		95
Current		4,521,155		4,382,137		4,261,598		4,106,107		3,981,180
Total residential real estate	$	4,696,015	$	4,542,692	$	4,465,166	$	4,317,232	$	4,143,870
Premium finance receivables - property & casualty
Non-accrual	$	23,341	$	28,061	$	33,891	$	29,354	$	24,512
90+ days and still accruing		17,093		16,003		15,823		19,115		13,006
60-89 days past due		19,238		18,198		16,188		29,294		23,527
30-59 days past due		33,757		25,864		47,936		57,685		38,133
Current		8,530,893		8,523,897		7,776,493		8,047,968		8,267,114
Total Premium finance receivables - property & casualty	$	8,624,322	$	8,612,023	$	7,890,331	$	8,183,416	$	8,366,292
Premium finance receivables - life insurance
Non-accrual	$	—	$	—	$	—	$	—	$	—
90+ days and still accruing		10,380		—		—		—		—
60-89 days past due		536		2,908		22,690		13,887		34,016
30-59 days past due		3,515		8,606		58,760		22,806		34,506
Current		9,524,432		9,301,007		9,114,932		8,986,949		8,690,031
Total Premium finance receivables - life insurance	$	9,538,863	$	9,312,521	$	9,196,382	$	9,023,642	$	8,758,553
Consumer and other
Non-accrual	$	27	$	113	$	16	$	8	$	38
90+ days and still accruing		13		145		10		42		60
60-89 days past due		42		195		130		466		49
30-59 days past due		251		1,253		230		643		159
Current		134,831		142,305		122,256		113,705		146,710
Total consumer and other	$	135,164	$	144,011	$	122,642	$	114,864	$	147,016
Total loans, net of unearned income
Early buy-out loans guaranteed by U.S. government agencies ⁽¹⁾	$	143,138	$	131,335	$	145,225	$	145,793	$	124,824
Non-accrual		149,418		163,123		166,916		166,651		149,566
90+ days and still accruing		27,486		16,148		15,833		19,157		13,066
60-89 days past due		65,943		55,031		66,729		94,802		92,976
30-59 days past due		152,741		135,344		284,324		264,666		194,378
Current		56,265,845		55,153,966		53,392,265		52,414,032		51,488,672
Total loans, net of unearned income	$	56,804,571	$	55,654,947	$	54,071,292	$	53,105,101	$	52,063,482

⁽¹⁾^{Early buy-out loans are insured or guaranteed by the Federal Housing Administration or the U.S. Department of Veterans Affairs, subject to indemnifications and insurance limits for certain loans.}

TABLE 14: NON-PERFORMING ASSETS ⁽¹⁾

	Sep 30,			Jun 30,			Mar 31,			Dec 31,			Sep 30,
(Dollars in thousands)		2026			2026			2026			2025			2025
Loans past due greater than 90 days and still accruing:
Commercial	$	—		$	—		$	—		$	—		$	—
Commercial real estate		—			—			—			—			—
Home equity		—			—			—			—			—
Residential real estate		—			—			—			—			—
Premium finance receivables - property & casualty		17,093			16,003			15,823			19,115			13,006
Premium finance receivables - life insurance		10,380			—			—			—			—
Consumer and other		13			145			10			42			60
Total loans past due greater than 90 days and still accruing		27,486			16,148			15,833			19,157			13,066
Non-accrual loans:
Commercial		85,670			90,642			87,750			78,059			66,577
Commercial real estate		13,013			17,220			16,757			25,147			28,202
Home equity		1,149			1,177			1,142			1,221			1,295
Residential real estate		26,218			25,910			27,360			32,862			28,942
Premium finance receivables - property & casualty		23,341			28,061			33,891			29,354			24,512
Premium finance receivables - life insurance		—			—			—			—			—
Consumer and other		27			113			16			8			38
Total non-accrual loans		149,418			163,123			166,916			166,651			149,566
Total non-performing loans:
Commercial		85,670			90,642			87,750			78,059			66,577
Commercial real estate		13,013			17,220			16,757			25,147			28,202
Home equity		1,149			1,177			1,142			1,221			1,295
Residential real estate		26,218			25,910			27,360			32,862			28,942
Premium finance receivables - property & casualty		40,434			44,064			49,714			48,469			37,518
Premium finance receivables - life insurance		10,380			—			—			—			—
Consumer and other		40			258			26			50			98
Total non-performing loans	$	176,904		$	179,271		$	182,749		$	185,808		$	162,632
Other real estate owned		16,404			15,940			17,439			20,839			24,832
Total non-performing assets	$	193,308		$	195,211		$	200,188		$	206,647		$	187,464
Total non-performing loans by category as a percent of its own respective category’s period-end balance:
Commercial		0.47	%		0.50	%		0.49	%		0.46	%		0.40	%
Commercial real estate		0.09			0.12			0.12			0.18			0.21
Home equity		0.23			0.24			0.24			0.25			0.27
Residential real estate		0.56			0.57			0.61			0.76			0.70
Premium finance receivables - property & casualty		0.47			0.51			0.63			0.59			0.45
Premium finance receivables - life insurance		0.11			—			—			—			—
Consumer and other		0.03			0.18			0.02			0.04			0.07
Total loans, net of unearned income		0.31	%		0.32	%		0.34	%		0.35	%		0.31	%
Total non-performing assets as a percentage of total assets		0.25	%		0.26	%		0.28	%		0.29	%		0.27	%
Allowance for loan losses and unfunded lending-related commitments losses as a percentage of non-accrual loans		325.15	%		294.85	%		282.38	%		276.15	%		303.67	%

⁽¹⁾^{Excludes early buy-out loans guaranteed by U.S. government agencies. Early buy-out loans are insured or guaranteed by the Federal Housing Administration or the U.S. Department of Veterans Affairs, subject to indemnifications and insurance limits for certain loans.}

Non-performing Loans Rollforward, excluding early buy-out loans guaranteed by U.S. government agencies

	Three Months Ended															Nine Months Ended
	Sep 30,			Jun 30,			Mar 31,			Dec 31,			Sep 30,			Sep 30,			Sep 30,
(In thousands)		2026			2026			2026			2025			2025			2026			2025
Balance at beginning of period	$	179,271		$	182,749		$	185,808		$	162,632		$	188,838		$	185,808		$	170,823
Additions from becoming non-performing in the respective period		29,694			31,070			24,969			46,198			34,805			85,733			111,177
Return to performing status		(11,423	)		(1,671	)		(3,663	)		(2,937	)		(3,399	)		(16,757	)		(11,502	)
Payments received		(7,568	)		(19,503	)		(13,780	)		(13,734	)		(28,052	)		(40,851	)		(49,619	)
Transfer to OREO or other assets		(1,582	)		—			(868	)		(286	)		(348	)		(2,450	)		(2,595	)
Charge-offs, net		(18,106	)		(7,860	)		(10,930	)		(16,998	)		(21,526	)		(36,896	)		(41,860	)
Net change for premium finance receivables		6,618			(5,514	)		1,213			10,933			(7,686	)		2,317			(13,792	)
Balance at end of period	$	176,904		$	179,271		$	182,749		$	185,808		$	162,632		$	176,904		$	162,632

Other Real Estate Owned

	Three Months Ended
	Sep 30,			Jun 30,			Mar 31,			Dec 31,			Sep 30,
(In thousands)		2026			2026			2026			2025			2025
Balance at beginning of period	$	15,940		$	17,439		$	20,839		$	24,832		$	23,615
Disposals/resolved		(127	)		(1,499	)		(4,760	)		(2,141	)		—
Transfers in at fair value, less costs to sell		591			—			1,360			—			1,217
Fair value adjustments		—			—			—			(1,852	)		—
Balance at end of period	$	16,404		$	15,940		$	17,439		$	20,839		$	24,832

	Period End
(In thousands)	Sep 30,			Jun 30,			Mar 31,			Dec 31,			Sep 30,
Balance by Property Type:		2026			2026			2026			2025			2025
Residential real estate	$	—		$	—		$	—		$	—		$	—
Commercial real estate		16,404			15,940			17,439			20,839			24,832
Total	$	16,404		$	15,940		$	17,439		$	20,839		$	24,832

TABLE 15: NON-INTEREST INCOME

	Three Months Ended															Q3 2026 compared to Q2 2026					Q3 2026 compared to Q3 2025
	Sep 30,			Jun 30,			Mar 31,			Dec 31,			Sep 30,			Q3 2026 compared to Q2 2026					Q3 2026 compared to Q3 2025
(Dollars in thousands)		2026			2026			2026			2025			2025		$ Change			% Change		$ Change			% Change
Brokerage	$	5,144		$	4,985		$	5,301		$	5,384		$	4,426		$	159		3	%	$	718		16	%
Trust and asset management		35,823			34,898			36,758			33,981			32,762			925		3			3,061		9
Total wealth management		40,967			39,883			42,059			39,365			37,188			1,084		3			3,779		10
Mortgage banking		25,532			27,438			23,396			22,625			24,451			(1,906	)	(7	)		1,081		4
Service charges on deposit accounts		22,161			21,240			20,970			20,402			19,825			921		4			2,336		12
(Losses) gains on investment securities, net		(1,621	)		1,845			(31	)		1,505			2,972			(3,466	)	NM			(4,593	)	NM
Fees from covered call options		4,585			4,793			4,669			5,992			5,619			(208	)	(4	)		(1,034	)	(18	)
Trading gains (losses), net		48			70			10			(257	)		172			(22	)	(31	)		(124	)	(72	)
Operating lease income, net		18,447			18,804			19,154			16,365			15,466			(357	)	(2	)		2,981		19
Other:
Interest rate swap fees		3,757			3,117			4,041			4,664			3,909			640		21			(152	)	(4	)
BOLI		846			3,216			948			1,915			1,591			(2,370	)	(74	)		(745	)	(47	)
Administrative services		1,437			1,341			1,243			1,352			1,240			96		7			197		16
Foreign currency remeasurement (losses) gains		(433	)		253			(368	)		322			(416	)		(686	)	NM			(17	)	4
Changes in fair value on EBOs and loans held-for-investment		(356	)		(373	)		(287	)		(1,702	)		1,452			17		5			(1,808	)	NM
Early pay-offs of capital leases		928			1,054			1,198			581			519			(126	)	(12	)		409		79
Miscellaneous		19,975			18,588			17,140			17,261			16,839			1,387		7			3,136		19
Total Other		26,154			27,196			23,915			24,393			25,134			(1,042	)	(4	)		1,020		4
Total Non-Interest Income	$	136,273		$	141,269		$	134,142		$	130,390		$	130,827		$	(4,996	)	(4)%		$	5,446		4	%

	Nine Months Ended					2026 compared to 2025
	Sep 30,			Sep 30,		2026 compared to 2025
(Dollars in thousands)		2026			2025	$ Change			% Change
Brokerage	$	15,430		$	13,395	$	2,035		15	%
Trust and asset management		107,479			94,656		12,823		14
Total wealth management		122,909			108,051		14,858		14
Mortgage banking		76,366			68,150		8,216		12
Service charges on deposit accounts		64,371			58,689		5,682		10
Gains on investment securities, net		193			6,818		(6,625	)	(97	)
Fees from covered call options		14,047			14,689		(642	)	(4	)
Trading gains, net		128			259		(131	)	(51	)
Operating lease income, net		56,405			45,919		10,486		23
Other:
Interest rate swap fees		10,915			9,188		1,727		19
BOLI		5,010			4,644		366		8
Administrative services		4,021			3,948		73		2
Foreign currency remeasurement (losses) gains		(548	)		59		(607	)	NM
Changes in fair value on EBOs and loans held-for-investment		(1,016	)		2,007		(3,023	)	NM
Early pay-offs of capital leases		3,180			1,687		1,493		89
Miscellaneous		55,703			47,442		8,261		17
Total Other		77,265			68,975		8,290		12
Total Non-Interest Income	$	411,684		$	371,550	$	40,134		11	%

^{NM - Not meaningful.}
^{BOLI - Bank-owned life insurance.
EBO - Early buy-out.}

TABLE 16: MORTGAGE BANKING

	Three Months Ended
(Dollars in thousands)	Sep 30, 2026			Jun 30, 2026			Mar 31, 2026			Dec 31, 2025			Sep 30, 2025
Originations:
Retail originations	$	487,106		$	660,325		$	441,749		$	589,139		$	505,793
Veterans First originations		131,447			174,644			152,244			208,054			137,600
Total originations for sale (A)	$	618,553		$	834,969		$	593,993		$	797,193		$	643,393
Originations for investment		289,296			315,487			371,540			364,988			351,012
Total originations	$	907,849		$	1,150,456		$	965,533		$	1,162,181		$	994,405
As a percentage of originations for sale:
Retail originations		79	%		79	%		74	%		74	%		79	%
Veterans First originations		21			21			26			26			21
Purchases		80	%		74	%		52	%		52	%		77	%
Refinances		20			26			48			48			23
Production Margin:
Production revenue (B) ⁽¹⁾	$	10,902		$	13,150		$	13,028		$	10,878		$	15,388
Total originations for sale (A)	$	618,553		$	834,969		$	593,993		$	797,193		$	643,393
Add: Current period end mandatory interest rate lock commitments to fund originations for sale ⁽²⁾		93,178			171,656			218,156			122,804			307,932
Less: Prior period end mandatory interest rate lock commitments to fund originations for sale ⁽²⁾		171,656			218,156			122,804			307,932			163,664
Total mortgage production volume (C)	$	540,075		$	788,469		$	689,345		$	612,065		$	787,661
Production margin (B / C)		2.02	%		1.67	%		1.89	%		1.78	%		1.95	%
Mortgage Servicing:
Loans serviced for others (D)	$	12,790,822		$	12,669,679		$	12,534,513		$	12,608,694		$	12,524,131
Mortgage Servicing Rights (“MSR”), at fair value (E)		238,485			201,903			195,276			195,023			190,938
Percentage of MSRs to loans serviced for others (E / D)		1.86	%		1.59	%		1.56	%		1.55	%		1.52	%
Servicing income	$	10,678		$	10,724		$	10,353		$	10,185		$	10,112
MSR Fair Value Asset Activity
MSR - FV at Beginning of Period	$	201,903		$	195,276		$	195,023		$	190,938		$	193,061
MSR - Current period capitalization		7,083			8,745			6,434			9,150			5,829
MSR - Collection of expected cash flows - paydowns		(1,839	)		(1,684	)		(1,620	)		(1,550	)		(1,554	)
MSR - Collection of expected cash flows - payoffs and repurchases		(3,548	)		(4,815	)		(5,021	)		(6,250	)		(4,050	)
MSR - Changes in fair value model assumptions		34,886			4,381			460			2,735			(2,348	)
MSR Fair Value at end of period	$	238,485		$	201,903		$	195,276		$	195,023		$	190,938
Summary of Mortgage Banking Revenue:
Operational:
Production revenue ⁽¹⁾	$	10,902		$	13,150		$	13,028		$	10,878		$	15,388
MSR - Current period capitalization		7,083			8,745			6,434			9,150			5,829
MSR - Collection of expected cash flows - paydowns		(1,839	)		(1,684	)		(1,620	)		(1,550	)		(1,554	)
MSR - Collection of expected cash flows - payoffs and repurchases		(3,548	)		(4,815	)		(5,021	)		(6,250	)		(4,050	)
Servicing Income		10,678			10,724			10,353			10,185			10,112
Other Revenue		(282	)		72			(45	)		(17	)		(345	)
Total operational mortgage banking revenue	$	22,994		$	26,192		$	23,129		$	22,396		$	25,380
Fair Value:
MSR - changes in fair value model assumptions	$	34,886		$	4,381		$	460		$	2,735		$	(2,348	)
(Loss) gain on derivative contract held as an economic hedge, net		(27,671	)		(3,396	)		(900	)		(2,425	)		265
Changes in FV on early buy-out loans guaranteed by US Govt held-for-sale		(4,677	)		261			707			(81	)		1,154
Total fair value mortgage banking revenue	$	2,538		$	1,246		$	267		$	229		$	(929	)
Total mortgage banking revenue	$	25,532		$	27,438		$	23,396		$	22,625		$	24,451

^{(1) Production revenue represents revenue earned from the origination and subsequent sale of mortgages, including gains on loans sold and fees from originations, changes in other related financial instruments carried at fair value, processing and other related activities, and excludes servicing fees, changes in the fair value of servicing rights and changes to the mortgage recourse obligation and other non-production revenue.}
^{(2) Certain volume adjusted for the estimated pull-through rate of the loan, which represents the Company’s best estimate of the likelihood that a committed loan will ultimately fund.}

	Nine Months Ended
(Dollars in thousands)	Sep 30, 2026			Sep 30, 2025
Originations:
Retail originations	$	1,589,180		$	1,378,020
Veterans First originations		458,335			407,372
Total originations for sale (A)	$	2,047,515		$	1,785,392
Originations for investment		976,323			991,115
Total originations	$	3,023,838		$	2,776,507
As a percentage of originations for sale:
Retail originations		78	%		77	%
Veterans First originations		22			23
Purchases		69	%		76	%
Refinances		31			24
Production Margin:
Production revenue (B) ⁽¹⁾	$	37,080		$	38,709
Total originations for sale (A)	$	2,047,515		$	1,785,392
Add: Current period end mandatory interest rate lock commitments to fund originations for sale ⁽²⁾		93,178			307,932
Less: Prior period end mandatory interest rate lock commitments to fund originations for sale ⁽²⁾		122,804			103,946
Total mortgage production volume (C)	$	2,017,889		$	1,989,378
Production margin (B / C)		1.84	%		1.95	%
Mortgage Servicing:
Loans serviced for others (D)	$	12,790,822		$	12,524,131
MSRs, at fair value (E)		238,485			190,938
Percentage of MSRs to loans serviced for others (E / D)		1.86	%		1.52	%
Servicing income	$	31,755		$	31,243
MSR Fair Value Asset Activity
MSR - FV at Beginning of Period	$	195,023		$	203,788
MSR - Current period capitalization		22,262			16,834
MSR - Collection of expected cash flows - paydowns		(5,143	)		(4,660	)
MSR - Collection of expected cash flows - payoffs and repurchases		(13,384	)		(11,196	)
MSR - Changes in fair value model assumptions		39,727			(13,828	)
MSR Fair Value at end of period	$	238,485		$	190,938
Summary of Mortgage Banking Revenue:
Operational:
Production revenue ⁽¹⁾	$	37,080		$	38,709
MSR - Current period capitalization		22,262			16,834
MSR - Collection of expected cash flows - paydowns		(5,143	)		(4,660	)
MSR - Collection of expected cash flows - payoffs and repurchases		(13,384	)		(11,196	)
Servicing Income		31,755			31,243
Other Revenue		(255	)		(596	)
Total operational mortgage banking revenue	$	72,315		$	70,334
Fair Value:
MSR - changes in fair value model assumptions	$	39,727		$	(13,828	)
(Loss) gain on derivative contract held as an economic hedge, net		(31,967	)		7,697
Changes in FV on early buy-out loans guaranteed by US Govt held-for-sale		(3,709	)		3,947
Total fair value mortgage banking revenue	$	4,051		$	(2,184	)
Total mortgage banking revenue	$	76,366		$	68,150

⁽¹⁾^{Production revenue represents revenue earned from the origination and subsequent sale of mortgages, including gains on loans sold and fees from originations, changes in other related financial instruments carried at fair value, processing and other related activities, and excludes servicing fees, changes in the fair value of servicing rights and changes to the mortgage recourse obligation and other non-production revenue.}
^{(2) Certain volume adjusted for the estimated pull-through rate of the loan, which represents the Company’s best estimate of the likelihood that a committed loan will ultimately fund.}

TABLE 17: NON-INTEREST EXPENSE

	Three Months Ended												Q3 2026 compared to Q2 2026					Q3 2026 compared to Q3 2025
	Sep 30,		Jun 30,			Mar 31,		Dec 31,			Sep 30,		Q3 2026 compared to Q2 2026					Q3 2026 compared to Q3 2025
(Dollars in thousands)		2026		2026			2026		2025			2025	$ Change			% Change		$ Change			% Change
Salaries and employee benefits:
Salaries	$	128,618	$	129,875		$	129,086	$	124,856		$	124,623	$	(1,257	)	(1)%		$	3,995		3	%
Commissions and incentive compensation		61,911		62,463			57,407		57,117			56,244		(552	)	(1	)		5,667		10
Benefits		40,023		41,751			41,954		40,584			38,801		(1,728	)	(4	)		1,222		3
Total salaries and employee benefits		230,552		234,089			228,447		222,557			219,668		(3,537	)	(2	)		10,884		5
Software and equipment		39,179		39,288			35,654		36,096			35,027		(109	)	0			4,152		12
Operating lease equipment		11,661		11,187			10,987		11,034			10,409		474		4			1,252		12
Occupancy, net		19,548		21,153			20,566		20,105			20,809		(1,605	)	(8	)		(1,261	)	(6	)
Data processing		11,218		10,659			11,266		11,809			11,329		559		5			(111	)	(1	)
Advertising and marketing		21,806		20,432			13,218		13,792			19,027		1,374		7			2,779		15
Professional fees		10,687		9,342			7,375		8,280			7,465		1,345		14			3,222		43
Amortization of other acquisition-related intangible assets		4,686		4,921			4,958		4,999			5,196		(235	)	(5	)		(510	)	(10	)
FDIC insurance		12,138		11,796			10,990		11,061			11,418		342		3			720		6
FDIC insurance - special assessment		—		(5,156	)		—		(499	)		—		5,156		100			—		—
OREO expense, net		282		786			207		2,162			262		(504	)	(64	)		20		8
Other:
Lending expenses, net of deferred origination costs		6,196		6,165			6,510		6,367			6,169		31		1			27		0
Travel and entertainment		6,874		6,938			5,426		7,965			6,029		(64	)	(1	)		845		14
Miscellaneous		30,838		25,937			27,028		28,725			27,220		4,901		19			3,618		13
Total other		43,908		39,040			38,964		43,057			39,418		4,868		12			4,490		11
Total Non-Interest Expense	$	405,665	$	397,537		$	382,632	$	384,453		$	380,028	$	8,128		2	%	$	25,637		7	%

	Nine Months Ended					2026 compared to 2025
	Sep 30,			Sep 30,		2026 compared to 2025
(Dollars in thousands)		2026			2025	$ Change			% Change
Salaries and employee benefits:
Salaries	$	387,579		$	371,714	$	15,865		4	%
Commissions and incentive compensation		181,781			164,651		17,130		10
Benefits		123,728			114,370		9,358		8
Total salaries and employee benefits		693,088			650,735		42,353		7
Software and equipment		114,121			106,266		7,855		7
Operating lease equipment		33,835			31,637		2,198		7
Occupancy, net		61,267			61,815		(548	)	(1	)
Data processing		33,143			34,713		(1,570	)	(5	)
Advertising and marketing		55,456			50,060		5,396		11
Professional fees		27,404			25,752		1,652		6
Amortization of other acquisition-related intangible assets		14,565			16,394		(1,829	)	(11	)
FDIC insurance		34,924			33,315		1,609		5
FDIC insurance - special assessment		(5,156	)		—		(5,156	)	(100	)
OREO expense, net		1,275			1,410		(135	)	(10	)
Other:
Lending expenses, net of deferred origination costs		18,871			16,904		1,967		12
Travel and entertainment		19,238			17,325		1,913		11
Miscellaneous		83,803			81,253		2,550		3
Total other		121,912			115,482		6,430		6
Total Non-Interest Expense	$	1,185,834		$	1,127,579	$	58,255		5	%

^{NM - Not meaningful.}

TABLE 18: SUPPLEMENTAL NON-GAAP FINANCIAL MEASURES/RATIOS

The accounting and reporting policies of Wintrust conform to generally accepted accounting principles (“GAAP”) in the United States and prevailing practices in the banking industry. However, certain non-GAAP performance measures and ratios are used by management to evaluate and measure the Company’s performance. These include taxable-equivalent net interest income (including its individual components), taxable-equivalent net interest margin (including its individual components), the taxable-equivalent efficiency ratio, tangible common equity ratio, tangible book value per common share, return on average tangible common equity, and pre-tax income, excluding provision for credit losses. Management believes that these measures and ratios provide users of the Company’s financial information a more meaningful view of the performance of the Company’s interest-earning assets and interest-bearing liabilities and of the Company’s operating efficiency. Other financial holding companies may define or calculate these measures and ratios differently.

Management reviews yields on certain asset categories and the net interest margin of the Company and its banking subsidiaries on a fully taxable-equivalent basis (“FTE”). In this non-GAAP presentation, net interest income is adjusted to reflect tax-exempt interest income on an equivalent before-tax basis using tax rates effective as of the end of the period. This measure ensures comparability of net interest income arising from both taxable and tax-exempt sources. Net interest income on a FTE basis is also used in the calculation of the Company’s efficiency ratio. The efficiency ratio, which is calculated by dividing non-interest expense by total taxable-equivalent net revenue (less securities gains or losses), measures how much it costs to produce one dollar of revenue. Securities gains or losses are excluded from this calculation to better match revenue from daily operations to operational expenses. Management considers the tangible common equity ratio and tangible book value per common share as useful measurements of the Company’s equity. The Company references the return on average tangible common equity as a measurement of profitability. Management considers pre-tax income, excluding provision for credit losses, as a useful measurement of the Company’s core net income.

	Three Months Ended															Nine Months Ended
	Sep 30,			Jun 30,			Mar 31,			Dec 31,			Sep 30,			Sep 30,			Sep 30,
(Dollars and shares in thousands)		2026			2026			2026			2025			2025			2026			2025
Reconciliation of Non-GAAP Net Interest Margin and Efficiency Ratio:
(A) Interest Income (GAAP)	$	1,002,861		$	961,412		$	927,560		$	956,326		$	963,834		$	2,891,833		$	2,771,707
Taxable-equivalent adjustment:
- Loans		2,151			2,111			2,026			2,134			2,154			6,288			6,560
- Liquidity Management Assets		610			630			586			661			675			1,826			2,045
- Other Earning Assets		—			—			—			—			—			—			3
(B) Interest Income (non-GAAP)	$	1,005,622		$	964,153		$	930,172		$	959,121		$	966,663		$	2,899,947		$	2,780,315
(C) Interest Expense (GAAP)		381,257			364,046			348,536			372,452			396,824			1,093,839			1,131,529
(D) Net Interest Income (GAAP) (A minus C)		621,604			597,366			579,024			583,874			567,010			1,797,994			1,640,178
(E) Net Interest Income (non-GAAP) (B minus C)		624,365			600,107			581,636			586,669			569,839			1,806,108			1,648,786
Net interest margin (GAAP)		3.49	%		3.50	%		3.54	%		3.52	%		3.48	%		3.51	%		3.51	%
Net interest margin, fully taxable-equivalent (non-GAAP)		3.51			3.52			3.56			3.54			3.50			3.53			3.53
(F) Non-interest income	$	136,273		$	141,269		$	134,142		$	130,390		$	130,827		$	411,684		$	371,550
(G) (Losses) gains on investment securities, net		(1,621	)		1,845			(31	)		1,505			2,972			193			6,818
(H) Non-interest expense		405,665			397,537			382,632			384,453			380,028			1,185,834			1,127,579
Efficiency ratio (H/(D+F-G))		53.41	%		53.96	%		53.65	%		53.94	%		54.69	%		53.67	%		56.24	%
Efficiency ratio (non-GAAP) (H/(E+F-G))		53.22			53.76			53.45			53.73			54.47			53.47			56.00
	Three Months Ended															Nine Months Ended
	Sep 30,			Jun 30,			Mar 31,			Dec 31,			Sep 30,			Sep 30,			Sep 30,
(Dollars and shares in thousands)		2026			2026			2026			2025			2025			2026			2025
Reconciliation of Non-GAAP Tangible Common Equity Ratio:
Total shareholders’ equity (GAAP)	$	7,289,546		$	7,525,116		$	7,378,100		$	7,258,715		$	7,045,757
Less: Non-convertible preferred stock (GAAP)		(425,000	)		(425,000	)		(425,000	)		(425,000	)		(425,000	)
Less: Acquisition-related intangible assets (GAAP)		(914,694	)		(885,338	)		(890,698	)		(895,959	)		(902,936	)
(I) Total tangible common shareholders’ equity (non-GAAP)	$	5,949,852		$	6,214,778		$	6,062,402		$	5,937,756		$	5,717,821
(J) Total assets (GAAP)	$	75,971,620		$	74,668,135		$	72,157,433		$	71,142,046		$	69,629,638
Less: Acquisition-related intangible assets (GAAP)		(914,694	)		(885,338	)		(890,698	)		(895,959	)		(902,936	)
(K) Total tangible assets (non-GAAP)	$	75,056,926		$	73,782,797		$	71,266,735		$	70,246,087		$	68,726,702
Common equity to assets ratio (GAAP) (L/J)		9.0	%		9.5	%		9.6	%		9.6	%		9.5	%
Tangible common equity ratio (non-GAAP) (I/K)		7.9			8.4			8.5			8.5			8.3

Reconciliation of Non-GAAP Tangible Book Value per Common Share:
Total shareholders’ equity	$	7,289,546		$	7,525,116		$	7,378,100		$	7,258,715		$	7,045,757
Less: Non-convertible preferred stock (GAAP)		(425,000	)		(425,000	)		(425,000	)		(425,000	)		(425,000	)
(L) Total common equity	$	6,864,546		$	7,100,116		$	6,953,100		$	6,833,715		$	6,620,757
(M) Actual common shares outstanding		67,472			67,455			67,437			66,975			66,961
Book value per common share (L/M)	$	101.74		$	105.26		$	103.10		$	102.03		$	98.87
Tangible book value per common share (non-GAAP) (I/M)		88.18			92.13			89.90			88.66			85.39

Reconciliation of Non-GAAP Return on Average Tangible Common Equity:
(N) Net income applicable to common shares	$	230,687		$	225,326		$	219,021		$	214,657		$	188,913		$	675,034		$	559,497
Add: Acquisition-related intangible asset amortization		4,686			4,921			4,958			4,999			5,196			14,565			16,394
Less: Tax effect of acquisition-related intangible asset amortization		(1,251	)		(1,304	)		(1,210	)		(1,310	)		(1,403	)		(3,772	)		(4,328	)
After-tax Acquisition-related intangible asset amortization	$	3,435		$	3,617		$	3,748		$	3,689		$	3,793		$	10,793		$	12,066
(O) Tangible net income applicable to common shares (non-GAAP)	$	234,122		$	228,943		$	222,769		$	218,346		$	192,706		$	685,827		$	571,563
Total average shareholders’ equity	$	7,558,263		$	7,474,449		$	7,387,713		$	7,166,608		$	6,955,543		$	7,474,100		$	6,761,319
Less: Average preferred stock		(425,000	)		(425,000	)		(425,000	)		(425,000	)		(483,288	)		(425,000	)		(498,626	)
(P) Total average common shareholders’ equity	$	7,133,263		$	7,049,449		$	6,962,713		$	6,741,608		$	6,472,255		$	7,049,100		$	6,262,693
Less: Average acquisition-related intangible assets		(895,137	)		(889,059	)		(894,211	)		(901,022	)		(906,032	)		(892,805	)		(910,972	)
(Q) Total average tangible common shareholders’ equity (non-GAAP)	$	6,238,126		$	6,160,390		$	6,068,502		$	5,840,586		$	5,566,223		$	6,156,295		$	5,351,721
Return on average common equity, annualized (N/P)		12.83	%		12.82	%		12.76	%		12.63	%		11.58	%		12.80	%		11.94	%
Return on average tangible common equity, annualized (non-GAAP) (O/Q)		14.89			14.91			14.89			14.83			13.74			14.89			14.28

Reconciliation of Non-GAAP Pre-Tax, Pre-Provision Income:
Income before taxes	$	326,333		$	317,964		$	300,940		$	302,223		$	296,041		$	945,237		$	816,184
Add: Provision for credit losses		25,879			23,134			29,594			27,588			21,768			78,607			67,965
Pre-tax income, excluding provision for credit losses (non-GAAP)	$	352,212		$	341,098		$	330,534		$	329,811		$	317,809		$	1,023,844		$	884,149

	Three Months Ended										Nine Months Ended
	Sep 30,		Jun 30,		Mar 31,		Dec 31,		Sep 30,		Sep 30,		Sep 30,
(Dollars and shares in thousands, except per share data)		2026		2026		2026		2025		2025		2026		2025
Reconciliation of Non-GAAP Net Income per Common Share:
Net income	$	239,054	$	233,693	$	227,388	$	223,024	$	216,254	$	700,135	$	600,820
Preferred stock dividends		8,367		8,367		8,367		8,367		13,295		25,101		27,277
Preferred stock redemption		—		—		—		—		14,046		—		14,046
(R) Net income applicable to common shares	$	230,687	$	225,326	$	219,021	$	214,657	$	188,913	$	675,034	$	559,497
(S) Weighted average common shares outstanding		67,467		67,434		67,246		66,970		66,952		67,383		66,871
Dilutive potential common shares		911		852		851		1,143		1,028		876		945
(T) Average common shares and dilutive common shares		68,378		68,286		68,097		68,113		67,980		68,259		67,816
Net income per common share - Basic (R/S)	$	3.42	$	3.34	$	3.26	$	3.21	$	2.82	$	10.02	$	8.37
Net income per common share - Diluted (R/T)	$	3.37	$	3.30	$	3.22	$	3.15	$	2.78	$	9.89	$	8.25
Preferred stock series F excess one-time extended first dividend	$	—	$	—	$	—	$	—	$	4,927	$	—	$	4,927
Preferred stock redemption		—		—		—		—		14,046		—		14,046
(U) Total non-recurring preferred stock offering impact (non-GAAP)	$	—	$	—	$	—	$	—	$	18,973	$	—	$	18,973
Net income per common share - Basic (non-GAAP) (R+U)/S	$	3.42	$	3.34	$	3.26	$	3.21	$	3.11	$	10.02	$	8.65
Net income per common share - Diluted (non-GAAP) (R+U)/T	$	3.37	$	3.30	$	3.22	$	3.15	$	3.06	$	9.89	$	8.53

WINTRUST SUBSIDIARIES

Wintrust is a financial holding company whose common stock is traded on the Nasdaq Global Select Market (Nasdaq: WTFC) that operates bank retail locations in the greater Chicago, southern Wisconsin, west Michigan, northwest Indiana, and southwest Florida market areas. Its 16 community bank subsidiaries are: Barrington Bank & Trust Company, N.A., Beverly Bank & Trust Company, N.A., Crystal Lake Bank & Trust Company, N.A., Hinsdale Bank & Trust Company, N.A., Lake Forest Bank & Trust Company, N.A., Libertyville Bank & Trust Company, N.A., Macatawa Bank, N.A., Northbrook Bank & Trust Company, N.A., Old Plank Trail Community Bank, N.A., Schaumburg Bank & Trust Company, N.A., St. Charles Bank & Trust Company, N.A., State Bank of The Lakes, N.A., Town Bank, N.A., Village Bank & Trust, N.A., Wheaton Bank & Trust Company, N.A., and Wintrust Bank, N.A.

Additionally, the Company operates various non-bank businesses:

FIRST Insurance Funding and Wintrust Life Finance, each a division of Lake Forest Bank & Trust Company, N.A., serve property and casualty and life insurance loan customers, respectively, throughout the United States.
First Insurance Funding of Canada serves property and casualty insurance loan customers throughout Canada.
Tricom, Inc. of Milwaukee provides high-yielding, short-term accounts receivable financing and value-added out-sourced administrative services, such as data processing of payrolls, billing and cash management services, to temporary staffing service clients located throughout the United States.
Wintrust Mortgage, a division of Barrington Bank & Trust Company, N.A., engages primarily in the origination and purchase of residential mortgages for sale into the secondary market through origination offices located throughout the United States.
Wintrust Investments, LLC provides a full range of private client and brokerage services to clients and correspondent banks located primarily in the Midwest.
Great Lakes Advisors LLC provides money management services and advisory services to individual accounts.
Wintrust Private Trust Company, N.A., a trust subsidiary, allows Wintrust to service customers’ trust and investment needs at each banking location.
Wintrust Asset Finance offers direct leasing opportunities.
CDEC provides Qualified Intermediary services (as defined by U.S. Treasury regulations) for taxpayers seeking to structure tax-deferred like-kind exchanges under Internal Revenue Code Section 1031.

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,” “possible,” “will,” “may,” “should,” “would” and “could.” Forward-looking statements and information are not historical facts, are premised on many factors and assumptions, and represent only management’s expectations, estimates and projections regarding future events. Similarly, these statements are not guarantees of future performance and involve certain risks and uncertainties that are difficult to predict, and which may include, but are not limited to, those listed below and the Risk Factors discussed under Item 1A of the Company’s 2025 Annual Report on Form 10-K and in any of the Company’s subsequent Securities and Exchange Commission filings. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and is including this statement for purposes of invoking these safe harbor provisions. Such forward-looking statements may be deemed to include, among other things, statements relating to the Company’s future financial performance, the performance of its loan portfolio, the expected amount of future credit reserves and charge-offs, delinquency trends, growth plans, regulatory developments, securities that the Company may offer from time to time, and management’s long-term performance goals, as well as statements relating to the anticipated effects on the Company’s financial condition and results of operations from expected developments or events, the Company’s business and growth strategies, including future acquisitions of banks, specialty finance or wealth management businesses, internal growth and plans to form additional de novo banks or branch offices. Actual results could differ materially from those addressed in the forward-looking statements as a result of numerous factors and uncertainties, including the following:

economic conditions and events that affect the economy, housing prices, the job market and other factors that may adversely affect the Company’s liquidity and the performance of its loan portfolios, including an actual or threatened U.S. government shutdown, debt default or rating downgrade, particularly in the markets in which it operates;
negative effects suffered by us or our customers resulting from changes in U.S. or international trade policies or armed hostilities;
the extent of defaults and losses on the Company’s loan portfolio, which may require further increases in its allowance for credit losses;
estimates of fair value of certain of the Company’s assets and liabilities, which could change in value significantly from period to period;
the financial success and economic viability of the borrowers of our commercial loans;
commercial real estate market conditions in the Chicago metropolitan area, southern Wisconsin and west Michigan;
the extent of commercial and consumer delinquencies and declines in real estate values, which may require further increases in the Company’s allowance for credit losses;
inaccurate assumptions in our analytical and forecasting models used to manage our loan portfolio;
changes in the level and volatility of interest rates, the capital markets and other market indices that may affect, among other things, the Company’s liquidity and the value of its assets and liabilities;
the interest rate environment, including a prolonged period of low interest rates or rising interest rates, either broadly or for some types of instruments, which may affect the Company’s net interest income and net interest margin, and which could materially adversely affect the Company’s profitability;
competitive pressures in the financial services business which may affect the pricing of the Company’s loan and deposit products as well as its services (including wealth management services), which may result in loss of market share and reduced income from deposits, loans, advisory fees and income from other products;
failure to identify and complete favorable acquisitions in the future or unexpected losses, difficulties or developments related to the Company’s recent or future acquisitions;
unexpected difficulties and losses related to FDIC-assisted acquisitions;
harm to the Company’s reputation;
any negative perception of the Company’s financial strength;
ability of the Company to raise additional capital on acceptable terms when needed;
disruption in capital markets, which may lower fair values for the Company’s investment portfolio;
ability of the Company to use technology to provide products and services that will satisfy customer demands and create efficiencies in operations and to manage risks associated therewith;
failure or breaches of our security systems or infrastructure, or those of third parties;
security breaches, including denial of service attacks, hacking, social engineering attacks, malware intrusion and similar events or data corruption attempts and identity theft;
adverse effects on our information technology systems, or those of third parties, resulting from failures, human error or cyberattacks (including ransomware);
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;
accuracy and completeness of information the Company receives about customers and counterparties to make credit decisions;
ability of the Company to attract and retain senior management experienced in the banking and financial services industries;
environmental liability risk associated with lending activities;
the impact of any claims or legal actions to which the Company is subject, including any effect on our reputation;
losses incurred in connection with repurchases and indemnification payments related to mortgages and increases in reserves associated therewith;
the loss of customers as a result of technological changes allowing consumers to complete their financial transactions without the use of a bank;
the soundness of other financial institutions and the impact of recent failures of financial institutions, including broader financial institution liquidity risk and concerns;
the expenses and delayed returns inherent in opening new branches and de novo banks;
liabilities, potential customer loss or reputational harm related to closings of existing branches;
examinations and challenges by tax authorities, and any unanticipated impact of tax legislation;
changes in accounting standards, rules and interpretations, and the impact on the Company’s financial statements;
the ability of the Company to receive dividends from its subsidiaries;
a decrease in the Company’s capital ratios, including as a result of declines in the value of its loan portfolios, or otherwise;
legislative or regulatory changes, particularly changes in regulation of financial services companies and/or the products and services offered by financial services companies;
changes in laws, regulations, rules, standards and contractual obligations regarding data privacy and cybersecurity;
a lowering of our credit rating;
changes in U.S. monetary policy and changes to the Federal Reserve’s balance sheet, including changes in response to persistent inflation or otherwise;
regulatory restrictions upon our ability to market our products to consumers and limitations on our ability to profitably operate our mortgage business;
increased costs of compliance, heightened regulatory capital requirements and other risks associated with changes in regulation and the regulatory environment;
the impact of heightened capital requirements;
increases in the Company’s FDIC insurance premiums, or the collection of special assessments by the FDIC;
delinquencies or fraud with respect to the Company’s premium finance business;
credit downgrades among commercial and life insurance providers that could negatively affect the value of collateral securing the Company’s premium finance loans;
the Company’s ability to comply with covenants under its credit facility;
fluctuations in the stock market, which may have an adverse impact on the Company’s wealth management business and brokerage operation; and
widespread outages of operational, communication, or other systems, whether internal or provided by third parties, natural or other disasters (including acts of terrorism, armed hostilities and pandemics), and the effects of climate change.

Therefore, there can be no assurances that future actual results will correspond to any forward-looking statement. The reader is cautioned not to place undue reliance on any forward-looking statement made by the Company. Any such statement speaks only as of the date the statement was made or as of such date that may be referenced within the statement. The Company undertakes no obligation to update any forward-looking statement to reflect the impact of circumstances or events after the date of the press release. Persons are advised, however, to consult further disclosures management makes on related subjects in its reports filed with the Securities and Exchange Commission and in its press releases.

CONFERENCE CALL, WEBCAST AND REPLAY

The Company will hold a conference call on Tuesday, October 20, 2026 at 10:00 a.m. (CDT) regarding third quarter and year-to-date 2026 earnings results. Individuals interested in participating in the call by addressing questions to management should register for the call to receive the dial-in numbers and unique PIN at the Conference Call Link included within the Company’s press release dated September 30, 2026 available at the Investor Relations, News and Events, News link on its website at https://www.wintrust.com. A separate simultaneous audio-only webcast link is included within the press release referenced above. Registration for and a replay of the audio-only webcast with an accompanying slide presentation will be available at https://www.wintrust.com, Investor Relations, News and Events, Events and Presentations link. The text of the third quarter and year-to-date 2026 earnings press release will also be available on the home page of the Company’s website at https://www.wintrust.com and at the Investor Relations, News and Events, News link on its website.

FOR MORE INFORMATION CONTACT:
David A. Dykstra, Vice Chairman & Chief Operating Officer
(847) 939-9000
Amy Yuhn, Executive Vice President, Communications
(847) 939-9591
Web site address: www.wintrust.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were Wintrust Financial's third-quarter 2026 earnings?

Wintrust earned $239.1 million, or $3.37 per diluted common share, in the third quarter of 2026. That compares with $233.7 million, or $3.30 per diluted common share, in the second quarter. It was the company's seventh consecutive quarter of record net income.

How did Wintrust Financial's credit quality change in the third quarter of 2026?

Wintrust's net charge-offs increased, while non-performing loans declined sequentially. Net charge-offs reached $21.0 million, versus $13.4 million in the second quarter. Non-performing loans were $176.9 million, or 0.31% of total loans, at September 30, compared with $179.3 million, or 0.32%, at June 30.

Is Wintrust's accounting for its guardianship services acquisition finalized?

The initial purchase accounting is not finalized and remains subject to change. As of September 30, 2026, Wintrust had preliminarily recorded approximately $7.5 million in goodwill for the business purchased on September 1, 2026.

Wintrust Financial Corporation Reports Record Net Income