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Wintrust Financial (NASDAQ: WTFC) delivers record Q2 and first-half 2026 profit

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Wintrust Financial Corporation reported record profitability for the second quarter and first half of 2026. Quarterly net income was $233.7 million, or $3.30 per diluted share, compared with $195.5 million, or $2.78, a year earlier. Net income for the first six months reached a record $461.1 million, or $6.52 per diluted share, 20% higher than the same period of 2025; second quarter 2026 was the sixth consecutive quarter of record net income.

Total loans rose to $55.7 billion and deposits to $61.1 billion at June 30, 2026, reflecting strong organic growth. Net interest income increased to $597.4 million, with a net interest margin of 3.50% (3.52% on a fully taxable-equivalent basis). Asset quality remained solid: net charge-offs were 0.10% of average loans on an annualized basis, non-performing loans were 0.32% of total loans, and non-performing assets were 0.26% of total assets, supported by an allowance for credit losses of $481.2 million.

Positive

  • Record earnings momentum: Net income for the first six months of 2026 was $461.1 million, up 20% from 2025, with six consecutive quarters of record net income.
  • Strong balance sheet growth: In Q2 2026, total loans increased by $1.6 billion and deposits by $2.2 billion, while maintaining stable margins and solid credit quality metrics.

Negative

  • None.

Filing Explained

Wintrust reported a 55-cent common dividend and 67.5 million shares outstanding at June 30, 2026; the earnings materials were furnished, not filed.

Wintrust used this Form 8-K to furnish its second-quarter earnings release and presentation, placing the disclosure in the results-reporting stage; the materials are not treated as filed for Section 18 liability or incorporated into a registration statement.

The filing reports a $0.55 cash dividend declared per common share for the second quarter, which is a distribution disclosed to existing common holders rather than an issuance of additional common shares.

At June 30, 2026, Wintrust reported 67,455,414 common shares outstanding; the filing therefore provides the current common-share count alongside the declared dividend, but does not state that the dividend has been paid.

Item 2.02 Results of Operations and Financial Condition Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Q2 2026 Net Income $233,693 Net income for the quarter ended June 30, 2026 (dollars in thousands)
H1 2026 Net Income $461,081 Net income for the six months ended June 30, 2026 (dollars in thousands)
Q2 2026 Diluted EPS 3.30 Net income per common share – diluted for Q2 2026
Total Assets $74,668,135 Total assets at June 30, 2026 (dollars in thousands)
Total Loans $55,654,947 Total loans at June 30, 2026, excluding mortgage loans held-for-sale (dollars in thousands)
Total Deposits $61,141,275 Total deposits at June 30, 2026 (dollars in thousands)
Net Interest Margin 3.50% Q2 2026 net interest margin (GAAP basis)
Non-performing Assets Ratio 0.26% Non-performing assets as a percentage of total assets at June 30, 2026
Pre-tax, pre-provision income financial
"Pre-tax, pre-provision income (non-GAAP) for the second quarter of 2026 totaled $341.1 million"
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 was 3.50% (3.52% on a fully taxable-equivalent basis, non-GAAP)"
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.
allowance for credit losses financial
"The allowance for credit losses totaled $481.2 million as of June 30, 2026"
Allowance for credit losses is a reserve set aside by a financial institution to cover potential losses from borrowers who may not repay their loans. It acts like a safety net, helping the institution prepare for loans that might turn sour. For investors, it signals how cautious the institution is about the quality of its loans and potential risks to its financial health.
non-performing assets financial
"Non-performing assets totaled $195.2 million and comprised 0.26% of total assets"
Loans or other credit exposures that are not producing expected income because borrowers have stopped making scheduled payments for a significant period (commonly around 90 days). Think of it like a business lending money that has gone quiet — the cash flow stops while the lender still carries the debt on its books. High levels of non-performing assets matter to investors because they reduce a lender’s earnings, tie up capital that could be used for growth, and signal higher risk of future losses.
Tier 1 capital ratio financial
"Tier 1 capital ratio (5) | 11.1 | | | 11.1 |"
A tier 1 capital ratio measures a bank’s core financial strength by comparing its most reliable capital — such as shareholder equity and retained profits — to its assets after adjusting for how risky those assets are. Think of it as the firm’s shock-absorbing cushion relative to the danger of its exposures; higher ratios mean the bank is better positioned to absorb losses, meet regulations and continue lending, which matters to investors assessing safety and long-term returns.
mortgage servicing rights financial
"Mortgage Servicing Rights (“MSR”), at fair value (E) | 201,903"
Mortgage servicing rights are the contractual right to collect mortgage payments, manage escrow accounts, handle customer service and delinquency actions on a pool of home loans, in exchange for a portion of the loan’s payments. They matter to investors because their value behaves like a revenue stream that can rise or fall with interest rates and borrower behavior — similar to owning a toll bridge where income depends on traffic volume and maintenance costs — and thus affect a lender’s earnings and risk profile.
Q2 2026 net income $233,693 up from $195,527 in Q2 2025 (dollars in thousands)
Q2 2026 diluted EPS 3.30 up from 2.78 in Q2 2025
H1 2026 net income $461,081 up from $384,566 for the first six months of 2025 (dollars in thousands)
Net interest income Q2 2026 $597,366 up from $546,694 in Q2 2025 (dollars in thousands)
Total assets at June 30, 2026 $74,668,135 up from $68,983,318 at June 30, 2025 (dollars in thousands)

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

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FAQ

How did Wintrust Financial (WTFC) perform in the second quarter of 2026?
Wintrust Financial (WTFC) earned $233.7 million in Q2 2026, or $3.30 per diluted share. This compares with $195.5 million, or $2.78 per diluted share, in Q2 2025, continuing a streak of record quarterly net income.

What were Wintrust Financial (WTFC)’s results for the first half of 2026?
For the first six months of 2026, Wintrust (WTFC) reported record net income of $461.1 million, or $6.52 per diluted share. Net income increased 20% versus $384.6 million, or $5.47, for the same period in 2025.

How fast are loans and deposits growing at Wintrust Financial (WTFC)?
In Q2 2026, WTFC’s total loans grew by $1.6 billion and deposits by $2.2 billion. On an annualized basis, loans increased 12%, deposits 15%, and total assets 14% compared with the prior quarter.

What is Wintrust Financial (WTFC)’s net interest margin and income?
WTFC generated Q2 2026 net interest income of $597.4 million, up from $579.0 million in Q1. The net interest margin was 3.50%, or 3.52% on a fully taxable-equivalent, non-GAAP basis.

How strong is credit quality at Wintrust Financial (WTFC)?
Credit quality at WTFC remained solid in Q2 2026. Net charge-offs were $13.4 million, or 0.10% of average total loans annualized, while non-performing loans were $179.3 million, or 0.32% of total loans, and non-performing assets were 0.26% of total assets.

What capital and leverage ratios did Wintrust Financial (WTFC) report?
At June 30, 2026, WTFC reported a Tier 1 leverage ratio of 9.8%, a common equity tier 1 capital ratio of 10.4%, and a Total capital ratio of 12.4%, indicating robust regulatory capital levels.

What were Wintrust Financial (WTFC)’s key non-interest income drivers in Q2 2026?
WTFC’s Q2 2026 non-interest income was $141.3 million. Key contributors included $39.9 million of wealth management revenue, $27.4 million of mortgage banking revenue, $21.2 million of service charges on deposit accounts, and $18.8 million of net operating lease income.
0001015328false00010153282026-07-202026-07-200001015328us-gaap:CommonStockMember2026-07-202026-07-200001015328wtfc:DepositorySharesSeriesFPreferredStockMember2026-07-202026-07-20

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 8-K
 
Current Report
Pursuant to Section 13 or 15(d) of The
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 20, 2026
 
WINTRUST FINANCIAL CORPORATION
(Exact name of registrant as specified in its charter)
 
Illinois001-35077 36-3873352
(State or other jurisdiction of Incorporation)(Commission File Number)(I.R.S. Employer
Identification No.)
9700 W. Higgins Road, Suite 800
RosemontIllinois 60018
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code (847) 939-9000
Not Applicable
(Former name or former address, if changed since last year)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Title of Each Class Ticker SymbolName of Each Exchange on Which Registered
Common Stock, no par value WTFCThe Nasdaq Global Select Market
Depositary Shares, Each Representing a 1/1,000th Interest in a Share of
WTFCNThe Nasdaq Global Select Market
7.875% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series F, no par value

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company     ☐
    
    If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.     ☐


Item 2.02. Results of Operations and Financial Condition
The information in this Current Report is being furnished and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section. The information in this Current Report shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended.
On July 20, 2026, Wintrust Financial Corporation (the “Company”) announced earnings for the second quarter of 2026 and posted on its website the Second Quarter 2026 Earnings Release Presentation. Copies of the press release relating to the Company’s earnings results and the related presentation are attached hereto as Exhibit 99.1 and Exhibit 99.2, respectively. Certain supplemental information relating to non-GAAP financial measures reported in the attached press release and presentation is included on pages 33 through 35 of Exhibit 99.1 and pages 29 through 32 of Exhibit 99.2.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
 
Exhibit
  
99.1
Second Quarter 2026 Earnings Release dated July 20, 2026
99.2
Second Quarter 2026 Earnings Release Presentation dated July 20, 2026
2

Signature
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
WINTRUST FINANCIAL CORPORATION
(Registrant)
By:/s/ David L. Stoehr
 David L. Stoehr
Executive Vice President and
    Chief Financial Officer
Date: July 20, 2026
3

INDEX TO EXHIBITS
 
Exhibit
  
99.1
Second Quarter 2026 Earnings Release dated July 20, 2026
99.2
Second Quarter 2026 Earnings Release Presentation dated July 20, 2026

4


Exhibit 99.1
Wintrust Financial Corporation
9700 W. Higgins Road, Suite 800, Rosemont, Illinois 60018
News Release
FOR IMMEDIATE RELEASE  July 20, 2026
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

Wintrust Financial Corporation Reports Record Net Income

ROSEMONT, ILLINOIS – Wintrust Financial Corporation (“Wintrust”, “the Company”, “we” or “our”) (Nasdaq: WTFC) announced record net income of $461.1 million, or $6.52 per diluted common share, for the first six months of 2026 compared to net income of $384.6 million, or $5.47 per diluted common share, for the same period of 2025. This represents a year-to-date net income increase of 20% compared to the same period of 2025. Pre-tax, pre-provision income (non-GAAP) for the first six months of the year totaled a record $671.6 million, compared to $566.3 million for the first six months of 2025.

The Company reported record quarterly net income of $233.7 million, or $3.30 per diluted common share, for the second quarter of 2026, compared to net income of $227.4 million, or $3.22 per diluted common share, for the first quarter of 2026. Pre-tax, pre-provision income (non-GAAP) for the second quarter of 2026 totaled a record $341.1 million, as compared to $330.5 million for the first quarter of 2026.

Timothy S. Crane, President and Chief Executive Officer, commented, “We are pleased to deliver record results for the first six months of the year. Second quarter 2026 represents the sixth consecutive quarter of record net income for the Company. Strong diversified loan growth funded by robust organic deposit growth highlights the underlying strength of our business model. We continue to leverage our customer relationships and unique market positioning to grow the balance sheet and create long term franchise value.”

Additionally, Mr. Crane noted, “Net interest margin in the second quarter remained within our expected range at 3.52% and we generated record net interest income attributable to strong average earning asset growth. Building on our momentum, we believe consistent balance sheet growth, coupled with a stable net interest margin, should result in net interest income expansion in future quarters.”

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

•Total loans increased by $1.6 billion, or 12% annualized.
•Total deposits increased by $2.2 billion, or 15% annualized.
•Total assets increased by $2.5 billion, or 14% annualized.
•Net interest income increased to $597.4 million in the second quarter of 2026, compared to $579.0 million in the first quarter of 2026, driven by robust average earning asset growth.
◦Net interest margin decreased to 3.50% (3.52% on a fully taxable-equivalent basis, non-GAAP) during the second quarter of 2026 primarily due to lower loan yields.
•Non-interest expense was impacted by the following:
◦A $5.2 million reversal of an FDIC special assessment accrued in the first quarter of 2024. The special assessments were in response to certain bank failures in 2023 and the reversal is based on the FDIC's final determination of losses to its Deposit Insurance Fund.    


•Provision for credit losses totaled $23.1 million in the second quarter of 2026, compared to a provision for credit losses of $29.6 million in the first quarter of 2026.
•Net charge-offs totaled $13.4 million, or 10 basis points of average total loans on an annualized basis, in the second quarter of 2026 down from $18.4 million, or 14 basis points of average total loans on an annualized basis, in the first quarter of 2026.
•Non-performing loans totaled $179.3 million and comprised 0.32% of total loans at June 30, 2026, as compared to $182.7 million and 0.34% of total loans at March 31, 2026.

“Looking ahead, our pipelines remain strong and we believe we are well-positioned to generate consistent balance sheet growth while maintaining our disciplined underwriting standards. We remain committed to growing net interest income and exercising prudent expense management, which position us to deliver positive operating leverage for 2026”, Mr. Crane said.


* * *









































The graphs shown on pages 3-7 illustrate certain financial highlights of the second 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.
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chart-1a8cddfd59c449cc846.jpgchart-8c642b80c1054b9f987.jpg
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chart-4571b2e692d740b9950.jpgchart-672f45d607df492592a.jpg
5

chart-db1d2e90cc2a43ba9f3.jpgchart-c37540c4f76c4aceaad.jpg*On May 22, 2025, the Company completed the issuance of $425 million of Series F Preferred Stock. The issuance was in contemplation of redeeming $412.5 million of Series D and Series E Preferred Stock that was expected to reprice at rates higher than existing market rates. The Series D and Series E Preferred Stock were redeemed on July 15, 2025.
6

chart-cff9561bfc69446a805.jpgchart-5cae3fbc620d4c06b7c.jpg



7

SUMMARY OF RESULTS:

BALANCE SHEET

Total assets increased $2.5 billion in the second quarter of 2026 compared to the first quarter of 2026, driven by a $1.6 billion increase in total loans. The strong loan growth was diversified across all major loan categories, including seasonally higher growth in our Premium Finance Receivables - Property and Casualty portfolio.

Total liabilities increased by $2.4 billion in the second quarter of 2026 compared to the first quarter of 2026, driven by a $2.2 billion increase in total deposits. Robust organic deposit growth in the second 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 second quarter of 2026, net interest income totaled $597.4 million, compared to $579.0 million in the first quarter of 2026. The increase in net interest income in the second quarter of 2026 was driven by robust average earning asset growth of $2.1 billion.

Net interest margin was 3.50% (3.52% on a fully taxable-equivalent basis, non-GAAP) during the second quarter of 2026, down four basis points compared to the first quarter of 2026. The yield on earning assets declined four basis points during the second quarter of 2026 primarily due to a seven basis point decrease in loan yields. Funding cost on interest-bearing deposits remained unchanged compared to the first quarter of 2026. The net free funds contribution in the second quarter of 2026 was flat compared to the first 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 $481.2 million as of June 30, 2026, an increase from $471.6 million as of March 31, 2026. A provision for credit losses totaling $23.1 million was recorded for the second quarter of 2026 compared to $29.6 million recorded in the first quarter of 2026. The provision for credit losses recognized in the second quarter of 2026 reflects 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 June 30, 2026, March 31, 2026, and December 31, 2025 is shown on Table 12 of this report.

Net charge-offs totaled $13.4 million in the second quarter of 2026, a decrease of $5.0 million compared to $18.4 million of net charge-offs in the first quarter of 2026. Net charge-offs as a percentage of average total loans were 10 basis points in the second quarter of 2026 on an annualized basis compared to 14 basis points on an annualized basis in the first 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 $195.2 million and comprised 0.26% of total assets as of June 30, 2026, as compared to $200.2 million, or 0.28% of total assets, as of March 31, 2026. Non-performing loans totaled $179.3 million and comprised 0.32% of total loans at June 30, 2026, as
8

compared to $182.7 million and 0.34% of total loans at March 31, 2026. For more information regarding non-performing assets, see Table 14 in this report.

NON-INTEREST INCOME

Non-interest income totaled $141.3 million in the second quarter of 2026, compared to $134.1 million in the first quarter of 2026.

Wealth management revenue decreased by approximately $2.2 million in the second quarter of 2026, compared to the first quarter of 2026. The decrease in the second quarter of 2026 was primarily driven by performance based revenues on certain customer relationships which positively impacted results in the first quarter of 2026. 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 $27.4 million in the second quarter of 2026, compared to $23.4 million in the first quarter of 2026. The increase in the second quarter of 2026 was primarily attributed to higher operational revenue. For more information regarding mortgage banking revenue, see Table 16 in this report.

The Company recognized approximately $1.8 million in net gains on investment securities in the second quarter of 2026 compared to approximately $31,000 in net losses in the first quarter of 2026. The net gains in the second 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 $397.5 million in the second quarter of 2026, increasing $14.9 million, compared to $382.6 million in the first quarter of 2026. Non-interest expense, as a percent of average assets, remained stable at 2.21% in the second quarter of 2026.

Salaries and employee benefits expense increased by approximately $5.6 million in the second quarter of 2026, compared to the first quarter of 2026. This was primarily driven by higher commissions and incentives expense attributable to an increase in mortgage originations and a full quarter impact of the annual merit increases reflected in base salaries.

Advertising and marketing expense in the second quarter of 2026 totaled $20.4 million, which was a $7.2 million increase as compared to the first quarter of 2026. The increase in the second quarter was primarily driven by summer sports sponsorships and other community sponsorship events. 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 $6.6 million in the second quarter of 2026, a $4.4 million decrease from the first quarter of 2026. This was primarily the result of a reversal of the $5.2 million FDIC special assessment recorded in the first quarter of 2024. The special assessments were in response to certain bank failures in 2023 and the reversal is 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 $84.3 million in the second quarter of 2026 compared to $73.6 million in the first quarter of 2026. The effective tax rates were 26.5% in the second quarter of 2026 compared to 24.4% in the first quarter of 2026. The effective tax rates were impacted by the tax effects related to share-based compensation which fluctuate based on the Company’s stock price and timing of employee stock option exercises and vesting of other share-based awards. The Company recorded net excess tax benefits of $140,000 in the second quarter of 2026, compared to net excess tax benefits of $6.6 million in the first quarter of 2026 related to share-based compensation.

9

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

Mortgage banking revenue was $27.4 million for the second quarter of 2026, an increase of $4.0 million compared to the first quarter of 2026. See Table 16 for more detail. Service charges on deposit accounts totaled $21.2 million in the second quarter of 2026 as compared to $21.0 million in the first quarter of 2026. The Company’s gross commercial and commercial real estate loan pipelines remained solid as of June 30, 2026 indicating momentum for expected continued loan growth in the third 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 $5.8 billion during the second quarter of 2026. Average balances increased by $361.6 million, as compared to the first quarter of 2026. The Company’s leasing divisions’ portfolio balances increased in the second quarter of 2026, with capital leases, loans, and equipment on operating leases of $3.1 billion, $1.2 billion, and $363.7 million as of June 30, 2026, respectively, compared to $3.0 billion, $1.2 billion, and $362.8 million as of March 31, 2026, respectively. Revenues from the Company’s out-sourced administrative services business were $1.3 million in the second quarter of 2026, which was relatively stable compared to the first 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 $39.9 million in the second quarter of 2026, a decrease as compared to the first quarter of 2026. At June 30, 2026, the Company’s wealth management subsidiaries had approximately $49.7 billion of assets under administration, which excludes assets owned by the Company and its subsidiary banks.

10


WINTRUST FINANCIAL CORPORATION
Key Operating Measures

Wintrust’s key operating measures and growth rates for the second quarter of 2026, as compared to the first quarter of 2026 (sequential quarter) and second quarter of 2025 (linked quarter), are shown in the table below:
% or (1)
basis point  (bp) change from
1st Quarter
2026
% or
basis point  (bp) change from
2nd Quarter
2025
  
Three Months Ended
(Dollars in thousands, except per share data)Jun 30, 2026Mar 31, 2026Jun 30, 2025
Net income$233,693 $227,388 $195,527 3 % 20 % 
Pre-tax income, excluding provision for credit losses (non-GAAP) (2)
341,098 330,534 289,322 3 18 
Net income per common share – Diluted3.30 3.22 2.78 2 19 
Cash dividends declared per common share0.55 0.55 0.50 — 10 
Net revenue (3)
738,635 713,166 670,783 4 10 
Net interest income597,366 579,024 546,694 3 9 
Net interest margin3.50 %3.54 %3.52 %(4)bps(2)bps
Net interest margin – fully taxable-equivalent (non-GAAP)(2)
3.52 3.56 3.54 (4)(2)
Net overhead ratio (4)
1.42 1.44 1.57 (2)(15)
Return on average assets1.30 1.32 1.19 (2)11 
Return on average common equity12.82 12.76 12.07 6 75 
Return on average tangible common equity (non-GAAP) (2)
14.91 14.89 14.44 2 47 
At end of period
Total assets$74,668,135$72,157,433$68,983,31814 % 8 % 
Total loans (5)
55,654,94754,071,29251,041,67912 9 
Total deposits61,141,27558,914,38255,816,81115 10 
Total shareholders’ equity7,525,1167,378,1007,225,6968 4 
(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.

11

WINTRUST FINANCIAL CORPORATION
Selected Financial Highlights
 Three Months EndedSix Months Ended
(Dollars in thousands, except per share data)Jun 30, 2026Mar 31, 2026Dec 31, 2025Sep 30, 2025Jun 30, 2025Jun 30, 2026Jun 30, 2025
Selected Financial Condition Data (at end of period):
Total assets$74,668,135$72,157,433$71,142,046$69,629,638$68,983,318
Total loans (1)
55,654,94754,071,29253,105,10152,063,48251,041,679
Total deposits61,141,27558,914,38257,717,19156,711,38155,816,811
Total shareholders’ equity7,525,1167,378,1007,258,7157,045,7577,225,696
Selected Statements of Income Data:
Net interest income$597,366 $579,024 $583,874 $567,010 $546,694 $1,176,390 $1,073,168 
Net revenue (2)
738,635 713,166 714,264 697,837 670,783 1,451,801 1,313,891 
Net income233,693 227,388 223,024 216,254 195,527 461,081 384,566 
Pre-tax income, excluding provision for credit losses (non-GAAP) (3)
341,098 330,534 329,811 317,809 289,322 671,632 566,340 
Net income per common share – Basic3.34 3.26 3.21 2.82 2.82 6.60 5.55 
Net income per common share – Diluted3.30 3.22 3.15 2.78 2.78 6.52 5.47 
Cash dividends declared per common share0.55 0.55 0.50 0.50 0.50 1.10 1.00 
Selected Financial Ratios and Other Data:
Performance Ratios:
Net interest margin 3.50 %3.54 %3.52 %3.48 %3.52 %3.52 %3.53 %
Net interest margin – fully taxable-equivalent (non-GAAP) (3)
3.52 3.56 3.54 3.50 3.54 3.54 3.55 
Non-interest income to average assets0.79 0.78 0.74 0.76 0.76 0.78 0.75 
Non-interest expense to average assets2.21 2.21 2.19 2.21 2.32 2.21 2.32 
Net overhead ratio (4)
1.42 1.44 1.45 1.45 1.57 1.43 1.57 
Return on average assets1.30 1.32 1.27 1.26 1.19 1.31 1.19 
Return on average common equity12.82 12.76 12.63 11.58 12.07 12.79 12.14 
Return on average tangible common equity (non-GAAP) (3)
14.91 14.89 14.83 13.74 14.44 14.90 14.57 
Average total assets$72,161,723 $70,089,123 $69,492,268 $68,303,036 $65,840,345 $71,131,148 $64,978,481 
Average total shareholders’ equity7,474,449 7,387,713 7,166,608 6,955,543 6,862,040 7,431,321 6,662,598 
Average loans to average deposits ratio 92.6 %93.1 %92.4 %92.5 %93.0 %92.8 %92.7 %
Period-end loans to deposits ratio 91.0 91.8 92.0 91.8 91.4 
Common Share Data at end of period:
Market price per common share$160.72 $138.94 $139.82 $132.44 $123.98 
Book value per common share105.26 103.10 102.03 98.87 95.43 
Tangible book value per common share (non-GAAP) (3)
92.13 89.90 88.66 85.39 81.86 
Common shares outstanding67,455,41467,437,30066,974,91366,961,20966,937,732
Other Data at end of period:
Common equity to assets ratio9.5 %9.6 %9.6 %9.5 %9.3 %
Tangible common equity ratio (non-GAAP) (3)
8.4 8.5 8.5 8.3 8.0 
Tier 1 leverage ratio (5)
9.8 9.8 9.6 9.5 10.2 
Risk-based capital ratios:
Tier 1 capital ratio (5)
11.1 11.1 11.0 10.9 11.5 
Common equity tier 1 capital ratio (5)
10.4 10.4 10.3 10.2 10.0 
Total capital ratio (5)
12.4 12.6 12.4 12.4 13.0 
Allowance for credit losses (6)
$481,189 $471,591 $460,465 $454,586 $457,461 
Allowance for loan and unfunded lending-related commitment losses to total loans0.86 %0.87 %0.87 %0.87 %0.90 %
Number of:
Bank subsidiaries16 16 16 16 16 
Banking offices210 209 209 208 208 
(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.


12

WINTRUST FINANCIAL CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CONDITION
 
(Unaudited)(Unaudited)(Unaudited)(Unaudited)
Jun 30,Mar 31,Dec 31,Sep 30,Jun 30,
(In thousands)20262026202520252025
Assets
Cash and due from banks$595,790 $543,654 $467,874 $565,406 $695,501 
Federal funds sold and securities purchased under resale agreements65 65 64 63 63 
Interest-bearing deposits with banks3,573,915 3,051,665 3,180,553 3,422,452 4,569,618 
Available-for-sale securities, at fair value7,587,545 7,244,282 6,236,263 5,274,124 4,885,715 
Held-to-maturity securities, at amortized cost3,196,452 3,270,207 3,343,905 3,438,406 3,502,186 
Equity securities with readily determinable fair value65,815 63,786 63,770 63,445 273,722 
Federal Home Loan Bank and Federal Reserve Bank stock294,629 292,044 291,881 282,755 282,087 
Mortgage loans held-for-sale, at fair value407,495 383,405 340,745 333,883 299,606 
Loans, net of unearned income55,654,947 54,071,292 53,105,101 52,063,482 51,041,679 
Allowance for loan losses(402,952)(390,651)(379,283)(386,622)(391,654)
Net loans55,251,995 53,680,641 52,725,818 51,676,860 50,650,025 
Premises, software and equipment, net778,958 777,603 781,611 775,425 776,324 
Lease investments, net363,664 362,766 360,646 301,000 289,768 
Accrued interest receivable and other assets1,666,474 1,596,617 1,617,682 1,614,674 1,610,025 
Receivable on unsettled securities sales— — 835,275 978,209 240,039 
Goodwill797,219 797,658 797,960 797,639 798,144 
Other acquisition-related intangible assets88,119 93,040 97,999 105,297 110,495 
Total assets$74,668,135 $72,157,433 $71,142,046 $69,629,638 $68,983,318 
Liabilities and Shareholders’ Equity
Deposits:
Non-interest-bearing$11,796,736 $12,112,891 $11,423,701 $10,952,146 $10,877,166 
Interest-bearing49,344,539 46,801,491 46,293,490 45,759,235 44,939,645 
Total deposits61,141,275 58,914,382 57,717,191 56,711,381 55,816,811 
Federal Home Loan Bank advances3,450,680 3,451,309 3,451,309 3,151,309 3,151,309 
Other borrowings370,736 340,647 477,966 579,328 625,392 
Subordinated notes298,820 298,717 298,636 298,536 298,458 
Junior subordinated debentures253,566 253,566 253,566 253,566 253,566 
Payable on unsettled securities purchases— — — — 39,105 
Accrued interest payable and other liabilities1,627,942 1,520,712 1,684,663 1,589,761 1,572,981 
Total liabilities67,143,019 64,779,333 63,883,331 62,583,881 61,757,622 
Shareholders’ Equity:
Preferred stock425,000 425,000 425,000 425,000 837,500 
Common stock67,581 67,563 67,062 67,042 67,025 
Surplus2,560,427 2,546,754 2,534,024 2,521,306 2,495,637 
Treasury stock(14,882)(13,970)(9,156)(9,150)(9,156)
Retained earnings4,907,788 4,719,561 4,537,539 4,356,367 4,200,923 
Accumulated other comprehensive loss(420,798)(366,808)(295,754)(314,808)(366,233)
Total shareholders’ equity7,525,116 7,378,100 7,258,715 7,045,757 7,225,696 
Total liabilities and shareholders’ equity$74,668,135 $72,157,433 $71,142,046 $69,629,638 $68,983,318 
13

WINTRUST FINANCIAL CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
Three Months EndedSix Months Ended
(Dollars in thousands, except per share data)Jun 30,
2026		Mar 31,
2026		Dec 31,
2025		Sep 30,
2025		Jun 30,
2025		Jun 30, 2026Jun 30, 2025
Interest income
Interest and fees on loans$822,981 $797,889 $822,494 $832,140 $797,997 $1,620,870 $1,566,359 
Mortgage loans held-for-sale6,169 4,615 5,607 4,757 4,872 10,784 9,118 
Interest-bearing deposits with banks20,916 19,150 27,190 34,992 34,317 40,066 71,083 
Federal funds sold and securities purchased under resale agreements5 64 77 75 276 69 455 
Investment securities105,716 100,278 95,461 86,426 78,053 205,994 150,069 
Trading account securities— — — — — — 11 
Federal Home Loan Bank and Federal Reserve Bank stock5,625 5,564 5,497 5,444 5,393 11,189 10,700 
Brokerage customer receivables— — — — — — 78 
Total interest income961,412 927,560 956,326 963,834 920,908 1,888,972 1,807,873 
Interest expense
Interest on deposits325,033 309,187 332,178 355,846 333,470 634,220 653,703 
Interest on Federal Home Loan Bank advances28,218 27,701 26,408 26,007 25,724 55,919 51,165 
Interest on other borrowings3,121 4,026 5,956 6,887 6,957 7,147 13,749 
Interest on subordinated notes3,739 3,719 3,737 3,717 3,735 7,458 7,449 
Interest on junior subordinated debentures3,935 3,903 4,173 4,367 4,328 7,838 8,639 
Total interest expense364,046 348,536 372,452 396,824 374,214 712,582 734,705 
Net interest income597,366 579,024 583,874 567,010 546,694 1,176,390 1,073,168 
Provision for credit losses23,134 29,594 27,588 21,768 22,234 52,728 46,197 
Net interest income after provision for credit losses574,232 549,430 556,286 545,242 524,460 1,123,662 1,026,971 
Non-interest income
Wealth management39,883 42,059 39,365 37,188 36,821 81,942 70,863 
Mortgage banking27,438 23,396 22,625 24,451 23,170 50,834 43,699 
Service charges on deposit accounts21,240 20,970 20,402 19,825 19,502 42,210 38,864 
Gains (losses) on investment securities, net1,845 (31)1,505 2,972 650 1,814 3,846 
Fees from covered call options4,793 4,669 5,992 5,619 5,624 9,462 9,070 
Trading gains (losses), net70 10 (257)172 151 80 87 
Operating lease income, net18,804 19,154 16,365 15,466 15,166 37,958 30,453 
Other27,196 23,915 24,393 25,134 23,005 51,111 43,841 
Total non-interest income141,269 134,142 130,390 130,827 124,089 275,411 240,723 
Non-interest expense
Salaries and employee benefits234,089 228,447 222,557 219,668 219,541 462,536 431,067 
Software and equipment39,288 35,654 36,096 35,027 36,522 74,942 71,239 
Operating lease equipment11,187 10,987 11,034 10,409 10,757 22,174 21,228 
Occupancy, net21,153 20,566 20,105 20,809 20,228 41,719 41,006 
Data processing10,659 11,266 11,809 11,329 12,110 21,925 23,384 
Advertising and marketing20,432 13,218 13,792 19,027 18,761 33,650 31,033 
Professional fees9,342 7,375 8,280 7,465 9,243 16,717 18,287 
Amortization of other acquisition-related intangible assets4,921 4,958 4,999 5,196 5,580 9,879 11,198 
FDIC insurance6,640 10,990 10,562 11,418 10,971 17,630 21,897 
Other real estate owned (“OREO”) expenses, net786 207 2,162 262 505 993 1,148 
Other39,040 38,964 43,057 39,418 37,243 78,004 76,064 
Total non-interest expense397,537 382,632 384,453 380,028 381,461 780,169 747,551 
Income before taxes317,964 300,940 302,223 296,041 267,088 618,904 520,143 
Income tax expense84,271 73,552 79,199 79,787 71,561 157,823 135,577 
Net income$233,693 $227,388 $223,024 $216,254 $195,527 $461,081 $384,566 
Preferred stock dividends8,367 8,367 8,367 13,295 6,991 16,734 13,982 
Preferred stock redemption— — — 14,046 — — — 
Net income applicable to common shares$225,326 $219,021 $214,657 $188,913 $188,536 $444,347 $370,584 
Net income per common share - Basic$3.34 $3.26 $3.21 $2.82 $2.82 $6.60 $5.55 
Net income per common share - Diluted$3.30 $3.22 $3.15 $2.78 $2.78 $6.52 $5.47 
Cash dividends declared per common share$0.55 $0.55 $0.50 $0.50 $0.50 $1.10 $1.00 
Weighted average common shares outstanding67,43467,24666,97066,95266,93167,34166,829
Dilutive potential common shares852 851 1,143 1,028 888 852 903 
Average common shares and dilutive common shares68,286 68,097 68,113 67,980 67,819 68,193 67,732 
14

TABLE 1: LOAN PORTFOLIO MIX AND GROWTH RATES

   
% Growth From (1)
(Dollars in thousands)Jun 30, 2026Mar 31, 2026Dec 31, 2025Sep 30,
2025		Jun 30, 2025
Mar 31,
2026 (2)
Jun 30, 2025
Balance:
Mortgage loans held-for-sale, excluding early buy-out exercised loans guaranteed by U.S. government agencies$265,203 $249,350 $217,136 $211,360 $192,633 26 %38 %
Mortgage loans held-for-sale, early buy-out exercised loans guaranteed by U.S. government agencies142,292 134,055 123,609 122,523 106,973 25 33 
Total mortgage loans held-for-sale$407,495 $383,405 $340,745 $333,883 $299,606 25 %36 %
Core loans:
Commercial
Commercial and industrial$7,802,625 $7,620,239 $7,267,505 $7,135,083 $7,028,247 10 %11 %
Asset-based lending1,628,319 1,558,089 1,512,888 1,588,522 1,663,693 18 (2)
Municipal866,012 839,633 868,958 804,986 771,785 13 12 
Leases3,114,901 3,002,014 2,921,366 2,834,563 2,757,331 15 13 
Commercial real estate
Residential construction52,590 53,097 54,753 60,923 59,027 (4)(11)
Commercial construction2,294,566 1,959,375 2,013,244 2,273,545 2,165,263 69 6 
Land308,509 311,470 341,585 323,685 304,827 (4)1 
Office1,607,275 1,652,482 1,688,614 1,578,208 1,601,208 (11)— 
Industrial3,405,641 3,323,977 3,167,768 2,912,547 2,824,889 10 21 
Retail1,475,949 1,469,658 1,436,252 1,478,861 1,452,351 2 2 
Multi-family3,299,607 3,565,419 3,445,507 3,306,597 3,200,578 (30)3 
Mixed use and other1,826,470 1,826,808 1,793,013 1,684,841 1,683,867 (0)8 
Home equity491,782 471,264 480,525 484,202 466,815 17 5 
Residential real estate
Residential real estate loans for investment4,411,357 4,319,941 4,171,439 4,019,046 3,814,715 8 16 
Residential mortgage loans, early buy-out eligible loans guaranteed by U.S. government agencies76,334 83,036 84,706 75,088 80,800 (32)(6)
Residential mortgage loans, early buy-out exercised loans guaranteed by U.S. government agencies55,001 62,189 61,087 49,736 53,267 (46)3 
Total core loans$32,716,938 $32,118,691 $31,309,210 $30,610,433 $29,928,663 7 %9 %
Niche loans:
Commercial
Franchise$1,300,935 $1,293,639 $1,298,493 $1,298,140 $1,286,265 2 %1 %
Mortgage warehouse lines of credit1,897,762 1,800,972 1,515,003 1,204,661 1,232,530 22 54
Community Advantage - homeowners association516,782 526,274 532,027 537,696 526,595 (7)(2)
Insurance agency lending1,153,975 1,122,361 1,128,446 1,140,691 1,120,985 11 3 
Premium Finance receivables
U.S. property & casualty insurance7,744,361 7,127,234 7,308,054 7,502,901 7,378,340 35 5 
Canada property & casualty insurance867,662 763,097 875,362 863,391 944,836 55(8)
Life insurance9,312,521 9,196,382 9,023,642 8,758,553 8,506,960 5 9 
Consumer and other144,011 122,642 114,864 147,016 116,505 70 24 
Total niche loans$22,938,009 $21,952,601 $21,795,891 $21,453,049 $21,113,016 18 %9 %
Total loans, net of unearned income$55,654,947 $54,071,292 $53,105,101 $52,063,482 $51,041,679 12 %9 %
(1)NM - Not Meaningful.
(2)Annualized.

15

TABLE 2: DEPOSIT PORTFOLIO MIX AND GROWTH RATES

    % Growth From
(Dollars in thousands)Jun 30,
2026		Mar 31,
2026		Dec 31,
2025		Sep 30,
2025		Jun 30,
2025
Mar 31,
2026 (1)
Jun 30, 2025
Balance:
Non-interest-bearing$11,796,736$12,112,891$11,423,701$10,952,146$10,877,166(10)%8 %
NOW and interest-bearing demand deposits6,742,2695,987,2586,233,7536,710,9196,795,72551 (1)
Wealth management deposits (2)
1,349,9491,670,6201,907,6471,600,7351,595,764(77)(15)
Money market23,083,22521,714,26721,368,92420,270,38219,556,04125 18 
Savings6,597,5166,942,5656,905,2166,758,7436,659,419(20)(1)
Time certificates of deposit11,571,58010,486,7819,877,95010,418,45610,332,69641 12 
Total deposits $61,141,275$58,914,382$57,717,191$56,711,381$55,816,81115 %10 %
Mix:
Non-interest-bearing19 %20 %20 %19 %19 %
NOW and interest-bearing demand deposits11 10 11 12 12 
Wealth management deposits (2)
2 3 3 3 3 
Money market38 37 37 36 35 
Savings11 12 12 12 12 
Time certificates of deposit19 18 17 18 19 
Total deposits100 %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 June 30, 2026
(Dollars in thousands)Total Time
Certificates of
Deposit		Weighted-Average
Rate of Maturing
Time Certificates
    of Deposit
1-3 months$5,548,778 3.57 %
4-6 months3,389,412 3.49 
7-9 months1,458,932 3.43 
10-12 months604,775 3.38 
13-18 months413,060 3.50 
19-24 months72,439 2.84 
24+ months84,184 2.61 
Total$11,571,580 3.51 %


16

TABLE 4: QUARTERLY AVERAGE BALANCES

 Average Balance for three months ended,
 Jun 30,Mar 31,Dec 31,Sep 30,Jun 30,
(In thousands)20262026202520252025
Interest-bearing deposits with banks, securities purchased under resale agreements and cash equivalents (1)
$2,412,081 $2,247,083 $2,842,829 $3,276,683 $3,308,199 
Investment securities (2)
10,832,538 10,616,617 10,084,138 9,377,930 8,801,560 
FHLB and FRB stock (3)
292,325 291,972 284,643 282,338 282,001 
Liquidity management assets (4)
$13,536,944 $13,155,672 $13,211,610 $12,936,951 $12,391,760 
Mortgage loans held-for-sale402,175 317,047 357,672 295,365 310,534 
Loans, net of unearned income (4) (5)
54,491,469 52,845,685 52,193,637 51,403,566 49,517,635 
Total earning assets (4)
$68,430,588 $66,318,404 $65,762,919 $64,635,882 $62,219,929 
Allowance for loan and investment security losses(405,743)(391,810)(404,075)(410,681)(398,685)
Cash and due from banks519,586 534,189 517,616 495,292 478,707 
Other assets3,617,292 3,628,340 3,615,808 3,582,543 3,540,394 
Total assets
$72,161,723 $70,089,123 $69,492,268 $68,303,036 $65,840,345 
NOW and interest-bearing demand deposits$6,453,420 $6,081,218 $6,133,333 $6,687,292 $6,423,050 
Wealth management deposits1,485,347 1,858,560 1,925,808 1,604,142 1,552,989 
Money market accounts22,000,942 21,156,125 20,475,659 19,431,021 18,184,754 
Savings accounts6,707,916 6,921,251 6,814,263 6,723,325 6,578,698 
Time deposits10,938,312 9,782,112 10,045,136 10,319,719 9,841,702 
Interest-bearing deposits$47,585,937 $45,799,266 $45,394,199 $44,765,499 $42,581,193 
FHLB advances (3)
3,450,773 3,451,312 3,203,483 3,151,310 3,151,310 
Other borrowings358,511 442,200 547,507 614,892 593,657 
Subordinated notes298,757 298,661 298,576 298,481 298,398 
Junior subordinated debentures253,566 253,566 253,566 253,566 253,566 
Total interest-bearing liabilities
$51,947,544 $50,245,005 $49,697,331 $49,083,748 $46,878,124 
Non-interest-bearing deposits11,273,344 10,963,887 11,080,254 10,791,709 10,643,798 
Other liabilities1,466,386 1,492,518 1,548,075 1,472,036 1,456,383 
Equity7,474,449 7,387,713 7,166,608 6,955,543 6,862,040 
Total liabilities and shareholders’ equity
$72,161,723 $70,089,123 $69,492,268 $68,303,036 $65,840,345 
Net free funds/contribution (6)
$16,483,044 $16,073,399 $16,065,588 $15,552,134 $15,341,805 
(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.

17

TABLE 5: QUARTERLY NET INTEREST INCOME

 Net Interest Income for three months ended,
 Jun 30,Mar 31,Dec 31,Sep 30,Jun 30,
(In thousands)20262026202520252025
Interest income:
Interest-bearing deposits with banks, securities purchased under resale agreements and cash equivalents$20,921 $19,214 $27,267 $35,067 $34,593 
Investment securities106,346 100,864 96,122 87,101 78,733 
FHLB and FRB stock (1)
5,625 5,564 5,497 5,444 5,393 
Liquidity management assets (2)
$132,892 $125,642 $128,886 $127,612 $118,719 
Mortgage loans held-for-sale6,169 4,615 5,607 4,757 4,872 
Loans, net of unearned income (2)
825,092 799,915 824,628 834,294 800,197 
Total interest income$964,153 $930,172 $959,121 $966,663 $923,788 
Interest expense:
NOW and interest-bearing demand deposits$32,318 $29,666 $31,681 $40,448 $37,517 
Wealth management deposits6,823 8,941 10,011 8,415 8,182 
Money market accounts165,035 155,299 163,585 169,831 155,890 
Savings accounts25,729 30,672 34,371 38,844 37,637 
Time deposits95,128 84,609 92,530 98,308 94,244 
Interest-bearing deposits$325,033 $309,187 $332,178 $355,846 $333,470 
FHLB advances (1)
28,218 27,701 26,408 26,007 25,724 
Other borrowings3,121 4,026 5,956 6,887 6,957 
Subordinated notes3,739 3,719 3,737 3,717 3,735 
Junior subordinated debentures3,935 3,903 4,173 4,367 4,328 
Total interest expense$364,046 $348,536 $372,452 $396,824 $374,214 
Less: Fully taxable-equivalent adjustment(2,741)(2,612)(2,795)(2,829)(2,880)
Net interest income (GAAP) (3)
597,366 579,024 583,874 567,010 546,694 
Fully taxable-equivalent adjustment2,741 2,612 2,795 2,829 2,880 
Net interest income, fully taxable-equivalent (non-GAAP) (3)
$600,107 $581,636 $586,669 $569,839 $549,574 
(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.

18

TABLE 6: QUARTERLY NET INTEREST MARGIN

 Net Interest Margin for three months ended,
Jun 30, 2026Mar 31, 2026Dec 31,
2025		Sep 30, 2025Jun 30,
2025
Yield earned on:
Interest-bearing deposits with banks, securities purchased under resale agreements and cash equivalents3.48 %3.47 %3.81 %4.25 %4.19 %
Investment securities3.94 3.85 3.78 3.68 3.59 
FHLB and FRB stock (1)
7.72 7.73 7.66 7.65 7.67 
Liquidity management assets3.94 %3.87 %3.87 %3.91 %3.84 %
Mortgage loans held-for-sale6.15 5.90 6.22 6.39 6.29 
Loans, net of unearned income6.07 6.14 6.27 6.44 6.48 
Total earning assets5.65 %5.69 %5.79 %5.93 %5.96 %
Rate paid on:
NOW and interest-bearing demand deposits2.01 %1.98 %2.05 %2.40 %2.34 %
Wealth management deposits1.84 1.95 2.06 2.08 2.11 
Money market accounts3.01 2.98 3.17 3.47 3.44 
Savings accounts1.54 1.80 2.00 2.29 2.29 
Time deposits3.49 3.51 3.65 3.78 3.84 
Interest-bearing deposits2.74 %2.74 %2.90 %3.15 %3.14 %
FHLB advances3.28 3.26 3.27 3.27 3.27 
Other borrowings3.49 3.69 4.32 4.44 4.70 
Subordinated notes5.02 5.05 4.97 4.94 5.02 
Junior subordinated debentures6.22 6.24 6.53 6.83 6.85 
Total interest-bearing liabilities2.81 %2.81 %2.97 %3.21 %3.20 %
Interest rate spread (2) (3)
2.84 %2.88 %2.82 %2.72 %2.76 %
Less: Fully taxable-equivalent adjustment(0.02)(0.02)(0.02)(0.02)(0.02)
Net free funds/contribution (4)
0.68 0.68 0.72 0.78 0.78 
Net interest margin (GAAP) (3)
3.50 %3.54 %3.52 %3.48 %3.52 %
Fully taxable-equivalent adjustment0.02 0.02 0.02 0.02 0.02 
Net interest margin, fully taxable-equivalent (non-GAAP) (3)
3.52 %3.56 %3.54 %3.50 %3.54 %
(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.




19

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

 
Average Balance
for six months ended,
Interest
for six months ended,
Yield/Rate
for six months ended,
(Dollars in thousands)Jun 30, 2026Jun 30,
2025		Jun 30, 2026Jun 30, 2025Jun 30, 2026Jun 30, 2025
Interest-bearing deposits with banks, securities purchased under resale agreements and cash equivalents (1)
$2,330,038 $3,413,538 $40,135 $71,538 3.47 %4.23 %
Investment securities (2)
10,725,174 8,606,730 207,210 151,439 3.90 3.55 
FHLB and FRB stock (3)
292,149 281,853 11,189 10,700 7.72 7.66 
Liquidity management assets (4) (5)
$13,347,361 $12,302,121 $258,534 $233,677 3.91 %3.83 %
Other earning assets (4) (5) (6)
— 6,533 — 92 — 2.84 
Mortgage loans held-for-sale359,846 298,688 10,784 9,118 6.04 6.16 
Loans, net of unearned income (4) (5) (7)
53,673,123 48,680,160 1,625,007 1,570,765 6.11 6.51 
Total earning assets (5)
$67,380,330 $61,287,502 $1,894,325 $1,813,652 5.67 %5.97 %
Allowance for loan and investment security losses(398,815)(387,092)
Cash and due from banks526,847 477,571 
Other assets3,622,786 3,600,500 
Total assets
$71,131,148 $64,978,481 
NOW and interest-bearing demand deposits$6,268,347 $6,235,661 $61,985 $71,117 1.99 %2.30 %
Wealth management deposits1,670,923 1,563,675 15,764 16,788 1.90 2.17 
Money market accounts21,580,867 17,884,615 320,334 302,264 2.99 3.41 
Savings accounts6,813,994 6,529,345 56,401 73,560 1.67 2.27 
Time deposits10,363,406 9,625,117 179,736 189,974 3.50 3.98 
Interest-bearing deposits$46,697,537 $41,838,413 $634,220 $653,703 2.74 %3.15 %
FHLB advances (3)
3,451,041 3,151,310 55,919 51,165 3.27 3.27 
Other borrowings400,124 587,930 7,147 13,749 3.60 4.72 
Subordinated notes298,709 298,353 7,458 7,449 5.04 5.04 
Junior subordinated debentures253,566 253,566 7,838 8,639 6.23 6.87 
Total interest-bearing liabilities
$51,100,977 $46,129,572 $712,582 $734,705 2.81 %3.21 %
Non-interest-bearing deposits11,119,470 10,687,733 
Other liabilities1,479,380 1,498,578 
Equity7,431,321 6,662,598 
Total liabilities and shareholders’ equity
$71,131,148 $64,978,481 
Interest rate spread (5) (8)
2.86 %2.76 %
Less: Fully taxable-equivalent adjustment(5,353)(5,779)(0.02)(0.02)
Net free funds/contribution (9)
$16,279,353 $15,157,930 0.68 0.79 
Net interest income/margin (GAAP) (5)
$1,176,390 $1,073,168 3.52 %3.53 %
Fully taxable-equivalent adjustment5,353 5,7790.02 0.02 
Net interest income/margin, fully taxable-equivalent (non-GAAP) (5)
$1,181,743 $1,078,947 3.54 %3.55 %
(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.
20

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
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)
Jun 30, 2025(1.5)(0.4)(0.2)(1.2)

Ramp Scenario+200 Basis Points+100 Basis Points-100 Basis Points-200 Basis Points
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)
Jun 30, 20250.0 0.0 (0.1)(0.4)

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.
21

TABLE 9: MATURITIES AND SENSITIVITIES TO CHANGES IN INTEREST RATES

Loans repricing or contractual maturity period
As of June 30, 2026One year or
less		From one to
five years		From five to fifteen yearsAfter fifteen yearsTotal
(In thousands)
Commercial
Fixed rate$615,590 $4,170,452 $2,191,702 $53,448 $7,031,192 
Variable rate11,248,473 1,646 — — 11,250,119 
Total commercial$11,864,063 $4,172,098 $2,191,702 $53,448 $18,281,311 
Commercial real estate
Fixed rate$930,512 $2,655,051 $341,069 $70,710 $3,997,342 
Variable rate10,262,509 10,692 64 — 10,273,265 
Total commercial real estate$11,193,021 $2,665,743 $341,133 $70,710 $14,270,607 
Home equity
Fixed rate$8,900 $982 $29 $6 $9,917 
Variable rate481,865 — — — 481,865 
Total home equity$490,765 $982 $29 $6 $491,782 
Residential real estate
Fixed rate$18,332 $7,134 $63,647 $1,042,536 $1,131,649 
Variable rate133,698 822,226 2,455,119 — 3,411,043 
Total residential real estate$152,030 $829,360 $2,518,766 $1,042,536 $4,542,692 
Premium finance receivables - property & casualty
Fixed rate$8,456,306 $155,717 $— $— $8,612,023 
Variable rate— — — — — 
Total premium finance receivables - property & casualty$8,456,306 $155,717 $— $— $8,612,023 
Premium finance receivables - life insurance
Fixed rate$22,418 $82,894 $— $— $105,312 
Variable rate9,207,209 — — — 9,207,209 
Total premium finance receivables - life insurance$9,229,627 $82,894 $— $— $9,312,521 
Consumer and other
Fixed rate$47,737 $7,565 $1,185 $838 $57,325 
Variable rate86,686 — — — 86,686 
Total consumer and other$134,423 $7,565 $1,185 $838 $144,011 
Total per category
Fixed rate$10,099,795 $7,079,795 $2,597,632 $1,167,538 $20,944,760 
Variable rate31,420,440 834,564 2,455,183 — 34,710,187 
Total loans, net of unearned income$41,520,235 $7,914,359 $5,052,815 $1,167,538 $55,654,947 
Less: Existing cash flow hedging derivatives (1)
(6,900,000)
Total loans repricing or maturing in one year or less, adjusted for cash flow hedging activity$34,620,235 
Variable Rate Loan Pricing by Index:
SOFR tenors (2)
$22,627,412 
12- month CMT (3)
8,176,185 
Prime3,125,303 
Fed Funds546,049 
Other U.S. Treasury tenors130,340 
Other104,898 
Total variable rate$34,710,187 
(1)Excludes cash flow hedges with future effective starting dates and those that have matured as of June 30, 2026. The $6.90 billion of cash flow hedging derivatives includes receive fixed swaps, collars and floors of which $5.95 billion were impacting the cash flows of loans indexed to one-month SOFR as of June 30, 2026.
(2)SOFR - Secured Overnight Financing Rate.
(3)CMT - Constant Maturity Treasury Rate.




22


chart-2511a8e0e3364392937.jpg
6/30/20257/31/20258/31/20259/30/202510/31/202511/30/202512/31/20251/31/20262/28/20263/31/20264/30/20265/31/20266/30/2026
1M SOFR4.324.354.274.134.003.863.693.673.673.663.653.623.65
12M CMT3.964.103.833.683.703.613.483.483.483.683.723.793.98
Prime7.507.507.507.257.007.006.756.756.756.756.756.756.75
Source: Bloomberg

As noted in the table on the previous page, the majority of the Company’s portfolio is tied to SOFR and CMT indices which, as shown in the table above, do not mirror the same changes as the Prime rate, which has historically moved when the Federal Reserve raises or lowers interest rates. Specifically, the Company has variable rate loans of $20.0 billion tied to one-month SOFR and $8.2 billion tied to twelve-month CMT. The above chart shows:

Basis Point (bp) Change in
1-month
SOFR		12- month CMTPrime
Second Quarter 2026(1)bps30bps—bps
First Quarter 2026(3)20 — 
Fourth Quarter 2025(44)(20)(50)
Third Quarter 2025(19)(28)(25)
Second Quarter 2025—(7)—


23

TABLE 10: ALLOWANCE FOR CREDIT LOSSES

Three Months EndedSix Months Ended
Jun 30,Mar 31,Dec 31,Sep 30,Jun 30,Jun 30,Jun 30,
(Dollars in thousands)2026202620252025202520262025
Allowance for credit losses at beginning of period$471,591 $460,465 $454,586 $457,461 $448,387 $460,465 $437,060 
Provision for credit losses23,134 29,594 27,588 21,768 22,234 52,728 46,197 
Other adjustments(90)(50)71 (88)180 (140)184 
Charge-offs:
Commercial10,837 8,428 12,894 21,597 6,148 19,265 15,870 
Commercial real estate707 7,260 5,625 144 5,711 7,967 6,165 
Home equity— — — 27 111 — 111 
Residential real estate163 350 — 26 — 513 — 
Premium finance receivables - property & casualty5,403 7,431 8,354 6,860 6,346 12,834 13,460 
Premium finance receivables - life insurance— — — 18 — — 12 
Consumer and other172 180 203 174 179 352 326 
Total charge-offs17,282 23,649 27,076 28,846 18,495 40,931 35,944 
Recoveries:
Commercial1,710 1,419 956 1,449 1,746 3,129 2,675 
Commercial real estate5 6 4 241 10 11 22 
Home equity16 303 28 104 30 319 246 
Residential real estate1 1 1 1 2 2 138 
Premium finance receivables - property & casualty2,076 3,437 4,275 2,459 3,335 5,513 6,822 
Premium finance receivables - life insurance— — — — — — — 
Consumer and other28 65 32 37 32 93 61 
Total recoveries3,836 5,231 5,296 4,291 5,155 9,067 9,964 
Net charge-offs(13,446)(18,418)(21,780)(24,555)(13,340)(31,864)(25,980)
Allowance for credit losses at period end$481,189 $471,591 $460,465 $454,586 $457,461 $481,189 $457,461 
Annualized net charge-offs (recoveries) by category as a percentage of its own respective category’s average:
Commercial0.20 %0.17 %0.29 %0.49 %0.11 %0.19 %0.17 %
Commercial real estate0.02 0.21 0.16 (0.00)0.17 0.11 0.10 
Home equity(0.01)(0.26)(0.02)(0.06)0.07 (0.13)(0.06)
Residential real estate0.01 0.03 (0.00)0.00 (0.00)0.02 (0.01)
Premium finance receivables - property & casualty0.16 0.20 0.20 0.20 0.16 0.18 0.18 
Premium finance receivables - life insurance— — — 0.00 — — 0.00 
Consumer and other0.42 0.35 0.47 0.40 0.44 0.38 0.44 
Total loans, net of unearned income0.10 %0.14 %0.17 %0.19 %0.11 %0.12 %0.11 %
Loans at period end$55,654,947 $54,071,292 $53,105,101 $52,063,482 $51,041,679 
Allowance for loan losses as a percentage of loans at period end0.72 %0.72 %0.71 %0.74 %0.77 %
Allowance for loan and unfunded lending-related commitment losses as a percentage of loans at period end0.86 0.87 0.87 0.87 0.90 
PCD - Purchase Credit Deteriorated

24

TABLE 11: ALLOWANCE AND PROVISION FOR CREDIT LOSSES BY COMPONENT

Three Months EndedSix Months Ended
Jun 30,Mar 31,Dec 31,Sep 30,Jun 30,Jun 30,Jun 30,
(In thousands)2026202620252025202520262025
Provision for loan losses - Other$25,837 $29,836 $14,369 $19,610 $26,607 $55,673 $53,433 
Provision for unfunded lending-related commitments losses - Other(2,666)(239)13,354 2,160 (4,325)(2,905)(7,177)
Provision for held-to-maturity securities losses(37)(3)(135)(2)(48)(40)(59)
Provision for credit losses$23,134 $29,594 $27,588 $21,768 $22,234 $52,728 $46,197 
Allowance for loan losses$402,952 $390,651 $379,283 $386,622 $391,654 
Allowance for unfunded lending-related commitments losses78,017 80,683 80,922 67,569 65,409 
Allowance for loan losses and unfunded lending-related commitments losses480,969 471,334 460,205 454,191 457,063 
Allowance for held-to-maturity securities losses220 257 260 395 398 
Allowance for credit losses$481,189 $471,591 $460,465 $454,586 $457,461 
PCD - Purchase Credit Deteriorated    

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 June 30, 2026, March 31, 2026 and December 31, 2025.
 As of Jun 30, 2026As of Mar 31, 2026As of Dec 31, 2025
(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$18,281,311 $234,809 1.28 %$17,763,221 $210,959 1.19 %$17,044,686 $178,545 1.05 %
Commercial real estate:
Construction and development2,655,665 67,343 2.54 2,323,942 74,092 3.19 2,409,582 93,106 3.86 
Non-construction11,614,942 142,605 1.23 11,838,344 150,778 1.27 11,531,154 153,827 1.33 
Total commercial real estate$14,270,607 $209,948 1.47 %$14,162,286 $224,870 1.59 %$13,940,736 $246,933 1.77 %
Total commercial and commercial real estate$32,551,918 $444,757 1.37 %$31,925,507 $435,829 1.37 %$30,985,422 $425,478 1.37 %
Home equity491,782 10,004 2.03 471,264 10,213 2.17 480,525 10,402 2.16 
Residential real estate4,542,692 13,257 0.29 4,465,166 13,081 0.29 4,317,232 12,519 0.29 
Premium finance receivables - property & casualty8,612,023 11,142 0.13 7,890,331 10,591 0.13 8,183,416 10,226 0.12 
Premium finance receivables - life insurance9,312,521 810 0.01 9,196,382 800 0.01 9,023,642 785 0.01 
Consumer and other144,011 999 0.69 122,642 820 0.67 114,864 795 0.69 
Total loans, net of unearned income$55,654,947 $480,969 0.86 %$54,071,292 $471,334 0.87 %$53,105,101 $460,205 0.87 %
Total core loans (1)
$32,716,938 $406,752 1.24 %$32,118,691 $408,892 1.27 %$31,309,210 $412,714 1.32 %
Total niche loans (1)
22,938,009 74,217 0.32 21,952,601 62,442 0.28 21,795,891 47,491 0.22 
(1)See Table 1 for additional detail on core and niche loans.


25

TABLE 13: LOAN PORTFOLIO AGING

(In thousands)Jun 30, 2026Mar 31, 2026Dec 31, 2025Sep 30, 2025Jun 30, 2025
Loan Balances:
Commercial
Nonaccrual$90,642 $87,750 $78,059 $66,577 $80,877 
90+ days and still accruing— — — — — 
60-89 days past due14,851 9,996 22,952 12,190 34,855 
30-59 days past due38,292 90,389 90,205 36,136 45,103 
Current18,137,526 17,575,086 16,853,470 16,429,439 16,226,596 
Total commercial$18,281,311 $17,763,221 $17,044,686 $16,544,342 $16,387,431 
Commercial real estate
Nonaccrual$17,220 $16,757 $25,147 $28,202 $32,828 
90+ days and still accruing— — — — — 
60-89 days past due14,879 17,133 19,529 14,119 11,257 
30-59 days past due60,451 54,143 65,601 83,055 51,173 
Current14,178,057 14,074,253 13,830,459 13,493,831 13,196,752 
Total commercial real estate$14,270,607 $14,162,286 $13,940,736 $13,619,207 $13,292,010 
Home equity
Nonaccrual$1,177 $1,142 $1,221 $1,295 $1,780 
90+ days and still accruing— — — — — 
60-89 days past due690 463 1,112 246 138 
30-59 days past due878 2,012 2,818 2,294 2,971 
Current489,037 467,647 475,374 480,367 461,926 
Total home equity$491,782 $471,264 $480,525 $484,202 $466,815 
Residential real estate
Early buy-out loans guaranteed by U.S. government agencies (1)
$131,335 $145,225 $145,793 $124,824 $134,067 
Nonaccrual25,910 27,360 32,862 28,942 28,047 
90+ days and still accruing— — — — — 
60-89 days past due3,310 129 7,562 8,829 8,954 
30-59 days past due— 30,854 24,908 95 38 
Current4,382,137 4,261,598 4,106,107 3,981,180 3,777,676 
Total residential real estate$4,542,692 $4,465,166 $4,317,232 $4,143,870 $3,948,782 
Premium finance receivables - property & casualty
Nonaccrual$28,061 $33,891 $29,354 $24,512 $30,404 
90+ days and still accruing16,003 15,823 19,115 13,006 14,350 
60-89 days past due18,198 16,188 29,294 23,527 25,641 
30-59 days past due25,864 47,936 57,685 38,133 29,460 
Current8,523,897 7,776,493 8,047,968 8,267,114 8,223,321 
Total Premium finance receivables - property & casualty$8,612,023 $7,890,331 $8,183,416 $8,366,292 $8,323,176 
Premium finance receivables - life insurance
Nonaccrual$— $— $— $— $— 
90+ days and still accruing— — — — 327 
60-89 days past due2,908 22,690 13,887 34,016 11,202 
30-59 days past due8,606 58,760 22,806 34,506 34,403 
Current9,301,007 9,114,932 8,986,949 8,690,031 8,461,028 
Total Premium finance receivables - life insurance$9,312,521 $9,196,382 $9,023,642 $8,758,553 $8,506,960 
Consumer and other
Nonaccrual$113 $16 $8 $38 $41 
90+ days and still accruing145 10 42 60 184 
60-89 days past due195 130 466 49 61 
30-59 days past due1,253 230 643 159 175 
Current142,305 122,256 113,705 146,710 116,044 
Total consumer and other$144,011 $122,642 $114,864 $147,016 $116,505 
Total loans, net of unearned income
Early buy-out loans guaranteed by U.S. government agencies (1)
$131,335 $145,225 $145,793 $124,824 $134,067 
Nonaccrual163,123 166,916 166,651 149,566 173,977 
90+ days and still accruing16,148 15,833 19,157 13,066 14,861 
60-89 days past due55,031 66,729 94,802 92,976 92,108 
30-59 days past due135,344 284,324 264,666 194,378 163,323 
Current55,153,966 53,392,265 52,414,032 51,488,672 50,463,343 
Total loans, net of unearned income$55,654,947 $54,071,292 $53,105,101 $52,063,482 $51,041,679 
(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.
26

TABLE 14: NON-PERFORMING ASSETS (1)
Jun 30,Mar 31,Dec 31,Sep 30,Jun 30,
(Dollars in thousands)20262026202520252025
Loans past due greater than 90 days and still accruing:
Commercial$— $— $— $— $— 
Commercial real estate— — — — — 
Home equity— — — — — 
Residential real estate— — — — — 
Premium finance receivables - property & casualty16,003 15,823 19,115 13,006 14,350 
Premium finance receivables - life insurance— — — — 327 
Consumer and other145 10 42 60 184 
Total loans past due greater than 90 days and still accruing16,148 15,833 19,157 13,066 14,861 
Non-accrual loans:
Commercial90,642 87,750 78,059 66,577 80,877 
Commercial real estate17,220 16,757 25,147 28,202 32,828 
Home equity1,177 1,142 1,221 1,295 1,780 
Residential real estate25,910 27,360 32,862 28,942 28,047 
Premium finance receivables - property & casualty28,061 33,891 29,354 24,512 30,404 
Premium finance receivables - life insurance— — — — — 
Consumer and other113 16 8 38 41 
Total non-accrual loans163,123 166,916 166,651 149,566 173,977 
Total non-performing loans:
Commercial90,642 87,750 78,059 66,577 80,877 
Commercial real estate17,220 16,757 25,147 28,202 32,828 
Home equity1,177 1,142 1,221 1,295 1,780 
Residential real estate25,910 27,360 32,862 28,942 28,047 
Premium finance receivables - property & casualty44,064 49,714 48,469 37,518 44,754 
Premium finance receivables - life insurance— — — — 327 
Consumer and other258 26 50 98 225 
Total non-performing loans$179,271 $182,749 $185,808 $162,632 $188,838 
Other real estate owned15,940 17,439 20,839 24,832 23,615 
Total non-performing assets$195,211 $200,188 $206,647 $187,464 $212,453 
Total non-performing loans by category as a percent of its own respective category’s period-end balance:
Commercial0.50 %0.49 %0.46 %0.40 %0.49 %
Commercial real estate0.12 0.12 0.18 0.21 0.25 
Home equity0.24 0.24 0.25 0.27 0.38 
Residential real estate0.57 0.61 0.76 0.70 0.71 
Premium finance receivables - property & casualty0.51 0.63 0.59 0.45 0.54 
Premium finance receivables - life insurance— — — — 0.00 
Consumer and other0.18 0.02 0.04 0.07 0.19 
Total loans, net of unearned income0.32 %0.34 %0.35 %0.31 %0.37 %
Total non-performing assets as a percentage of total assets0.26 %0.28 %0.29 %0.27 %0.31 %
Allowance for loan losses and unfunded lending-related commitments losses as a percentage of non-accrual loans294.85 %282.38 %276.15 %303.67 %262.71 %
(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.


27

Non-performing Loans Rollforward, excluding early buy-out loans guaranteed by U.S. government agencies
 Three Months EndedSix Months Ended
 Jun 30,Mar 31,Dec 31,Sep 30,Jun 30,Jun 30,Jun 30,
(In thousands)2026202620252025202520262025
Balance at beginning of period$182,749 $185,808 $162,632 $188,838 $172,390 $185,808 $170,823 
Additions from becoming non-performing in the respective period31,070 24,969 46,198 34,805 48,651 56,039 76,372 
Return to performing status(1,671)(3,663)(2,937)(3,399)(6,896)(5,334)(8,103)
Payments received(19,503)(13,780)(13,734)(28,052)(5,602)(33,283)(21,567)
Transfer to OREO or other assets— (868)(286)(348)(2,247)(868)(2,247)
Charge-offs, net(7,860)(10,930)(16,998)(21,526)(11,734)(18,790)(20,334)
Net change for premium finance receivables(5,514)1,213 10,933 (7,686)(5,724)(4,301)(6,106)
Balance at end of period$179,271 $182,749 $185,808 $162,632 $188,838 $179,271 $188,838 


Other Real Estate Owned
 Three Months Ended
 Jun 30,Mar 31,Dec 31,Sep 30,Jun 30,
(In thousands)20262026202520252025
Balance at beginning of period$17,439 $20,839 $24,832 $23,615 $22,625 
Disposals/resolved(1,499)(4,760)(2,141)— — 
Transfers in at fair value, less costs to sell— 1,360 — 1,217 1,315 
Fair value adjustments— — (1,852)— (325)
Balance at end of period$15,940 $17,439 $20,839 $24,832 $23,615 
 Period End
(In thousands)Jun 30,Mar 31,Dec 31,Sep 30,Jun 30,
Balance by Property Type:20262026202520252025
Residential real estate$— $— $— $— $— 
Commercial real estate15,940 17,439 20,839 24,832 23,615 
Total$15,940 $17,439 $20,839 $24,832 $23,615 
    
28

TABLE 15: NON-INTEREST INCOME

Three Months Ended
Q2 2026 compared to
Q1 2026
Q2 2026 compared to
Q2 2025
Jun 30,Mar 31,Dec 31,Sep 30,Jun 30,
(Dollars in thousands)20262026202520252025$ Change% Change$ Change% Change
Brokerage$4,985 $5,301 $5,384 $4,426 $4,212 $(316)(6)%$773 18 %
Trust and asset management34,898 36,758 33,981 32,762 32,609 (1,860)(5)2,289 7 
Total wealth management39,883 42,059 39,365 37,188 36,821 (2,176)(5)3,062 8 
Mortgage banking27,438 23,396 22,625 24,451 23,170 4,042 17 4,268 18 
Service charges on deposit accounts21,240 20,970 20,402 19,825 19,502 270 1 1,738 9 
Gains (losses) on investment securities, net1,845 (31)1,505 2,972 650 1,876 NM1,195 NM
Fees from covered call options4,793 4,669 5,992 5,619 5,624 124 3 (831)(15)
Trading gains (losses), net70 10 (257)172 151 60 NM(81)(54)
Operating lease income, net18,804 19,154 16,365 15,466 15,166 (350)(2)3,638 24 
Other:
Interest rate swap fees3,117 4,041 4,664 3,909 3,010 (924)(23)107 4 
BOLI3,216 948 1,915 1,591 2,257 2,268 NM959 42 
Administrative services1,341 1,243 1,352 1,240 1,315 98 8 26 2 
Foreign currency remeasurement gains (losses)253 (368)322 (416)658 621 NM(405)(62)
Changes in fair value on EBOs and loans held-for-investment(373)(287)(1,702)1,452 172 (86)(30)(545)NM
Early pay-offs of capital leases1,054 1,198 581 519 400 (144)(12)654 NM
Miscellaneous18,588 17,140 17,261 16,839 15,193 1,448 8 3,395 22 
Total Other27,196 23,915 24,393 25,134 23,005 3,281 14 4,191 18 
Total Non-Interest Income$141,269 $134,142 $130,390 $130,827 $124,089 $7,127 5 %$17,180 14 %

Six Months Ended
2026 compared to 2025
Jun 30,Jun 30,
(Dollars in thousands)20262025$ Change% Change
Brokerage$10,286 $8,969 $1,317 15 %
Trust and asset management71,656 61,894 9,762 16 
Total wealth management81,942 70,863 11,079 16 
Mortgage banking50,834 43,699 7,135 16 
Service charges on deposit accounts42,210 38,864 3,346 9 
Gains on investment securities, net1,814 3,846 (2,032)(53)
Fees from covered call options9,462 9,070 392 4
Trading gains, net80 87 (7)(8)
Operating lease income, net37,958 30,453 7,505 25 
Other:
Interest rate swap fees7,158 5,279 1,879 36 
BOLI4,164 3,053 1,111 36 
Administrative services2,584 2,708 (124)(5)
Foreign currency remeasurement (losses) gains(115)475 (590)NM
Changes in fair value on EBOs and loans held-for-investment(660)555 (1,215)NM
Early pay-offs of capital leases2,252 1,168 1,084 93 
Miscellaneous35,728 30,603 5,125 17 
Total Other51,111 43,841 7,270 17 
Total Non-Interest Income$275,411 $240,723 $34,688 14 %
NM - Not meaningful.
BOLI - Bank-owned life insurance.
EBO - Early buy-out.
29

TABLE 16: MORTGAGE BANKING

Three Months Ended
(Dollars in thousands)Jun 30,
2026		Mar 31,
2026		Dec 31,
2025		Sep 30,
2025		Jun 30,
2025
Originations:
Retail originations$660,325 $441,749 $589,139 $505,793 $523,759 
Veterans First originations174,644 152,244 208,054 137,600 157,787 
Total originations for sale (A)$834,969 $593,993 $797,193 $643,393 $681,546 
Originations for investment315,487 371,540 364,988 351,012 422,926 
Total originations$1,150,456 $965,533 $1,162,181 $994,405 $1,104,472 
As a percentage of originations for sale:
Retail originations79 %74 %74 %79 %77 %
Veterans First originations21 26 26 21 23 
Purchases74 %52 %52 %77 %74 %
Refinances26 48 48 23 26 
Production Margin:
Production revenue (B) (1)
$13,150 $13,028 $10,878 $15,388 $13,380 
Total originations for sale (A)$834,969 $593,993 $797,193 $643,393 $681,546 
Add: Current period end mandatory interest rate lock commitments to fund originations for sale (2)
171,656 218,156 122,804 307,932 163,664 
Less: Prior period end mandatory interest rate lock commitments to fund originations for sale (2)
218,156 122,804 307,932 163,664 197,297 
Total mortgage production volume (C)$788,469 $689,345 $612,065 $787,661 $647,913 
Production margin (B / C)1.67 %1.89 %1.78 %1.95 %2.07 %
Mortgage Servicing:
Loans serviced for others (D)$12,669,679$12,534,513$12,608,694$12,524,131$12,470,924
Mortgage Servicing Rights (“MSR”), at fair value (E)201,903195,276195,023190,938193,061
Percentage of MSRs to loans serviced for others (E / D)1.59 %1.56 %1.55 %1.52 %1.55 %
Servicing income$10,724 $10,353 $10,185 $10,112 $10,520 
MSR Fair Value Asset Activity
MSR - FV at Beginning of Period$195,276 $195,023 $190,938 $193,061 $196,307 
MSR - current period capitalization8,745 6,434 9,150 5,829 6,336 
MSR - collection of expected cash flows - paydowns(1,684)(1,620)(1,550)(1,554)(1,516)
MSR - collection of expected cash flows - payoffs and repurchases(4,815)(5,021)(6,250)(4,050)(4,100)
MSR - changes in fair value model assumptions4,381 460 2,735 (2,348)(3,966)
MSR Fair Value at end of period$201,903 $195,276 $195,023 $190,938 $193,061 
Summary of Mortgage Banking Revenue:
Operational:
Production revenue (1)
$13,150 $13,028 $10,878 $15,388 $13,380 
MSR - Current period capitalization8,745 6,434 9,150 5,829 6,336 
MSR - Collection of expected cash flows - paydowns(1,684)(1,620)(1,550)(1,554)(1,516)
MSR - Collection of expected cash flows - payoffs and repurchases(4,815)(5,021)(6,250)(4,050)(4,100)
Servicing Income10,724 10,353 10,185 10,112 10,520 
Other Revenue72 (45)(17)(345)(79)
Total operational mortgage banking revenue$26,192 $23,129 $22,396 $25,380 $24,541 
Fair Value:
MSR - changes in fair value model assumptions$4,381 $460 $2,735 $(2,348)$(3,966)
(Loss) gain on derivative contract held as an economic hedge, net(3,396)(900)(2,425)265 2,535 
Changes in FV on early buy-out loans guaranteed by US Govt held-for-sale261 707 (81)1,154 60 
     Total fair value mortgage banking revenue$1,246 $267 $229 $(929)$(1,371)
Total mortgage banking revenue$27,438 $23,396 $22,625 $24,451 $23,170 
(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.


30

Six Months Ended
(Dollars in thousands)Jun 30,
2026		Jun 30,
2025
Originations:
Retail originations$1,102,074 $872,227 
Veterans First originations326,888 269,772 
Total originations for sale (A)$1,428,962 $1,141,999 
Originations for investment687,027 640,103 
Total originations$2,115,989 $1,782,102 
As a percentage of originations for sale:
Retail originations77 %76 %
Veterans First originations23 24 
Purchases65 %75 %
Refinances35 25 
Production Margin:
Production revenue (B) (1)
$26,178 $23,321 
Total originations for sale (A)$1,428,962 $1,141,999 
Add: Current period end mandatory interest rate lock commitments to fund originations for sale (2)
171,656 163,664 
Less: Prior period end mandatory interest rate lock commitments to fund originations for sale (2)
122,804 103,946 
Total mortgage production volume (C)$1,477,814 $1,201,717 
Production margin (B / C)1.77 %1.94 %
Mortgage Servicing:
Loans serviced for others (D)$12,669,679$12,470,924
MSRs, at fair value (E)201,903193,061
Percentage of MSRs to loans serviced for others (E / D)1.59 %1.55 %
Servicing income$21,077 $21,131 
MSR Fair Value Asset Activity
MSR - FV at Beginning of Period$195,023 $203,788 
MSR - current period capitalization15,179 11,005 
MSR - collection of expected cash flows - paydowns(3,304)(3,106)
MSR - collection of expected cash flows - payoffs and repurchases(9,836)(7,146)
MSR - changes in fair value model assumptions4,841 (11,480)
MSR Fair Value at end of period$201,903 $193,061 
Summary of Mortgage Banking Revenue:
Operational:
Production revenue (1)
$26,178 $23,321 
MSR - Current period capitalization15,179 11,005 
MSR - Collection of expected cash flows - paydowns(3,304)(3,106)
MSR - Collection of expected cash flows - payoffs and repurchases(9,836)(7,146)
Servicing Income21,077 21,131 
Other Revenue27 (251)
Total operational mortgage banking revenue$49,321 $44,954 
Fair Value:
MSR - changes in fair value model assumptions$4,841 $(11,480)
(Loss) gain on derivative contract held as an economic hedge, net(4,296)7,432 
Changes in FV on early buy-out loans guaranteed by US Govt held-for-sale968 2,793 
     Total fair value mortgage banking revenue$1,513 $(1,255)
Total mortgage banking revenue$50,834 $43,699 
(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.
31

TABLE 17: NON-INTEREST EXPENSE

Three Months Ended
Q2 2026 compared to
Q1 2026
Q2 2026 compared to
Q2 2025
Jun 30,Mar 31,Dec 31,Sep 30,Jun 30,
(Dollars in thousands)20262026202520252025$ Change% Change$ Change% Change
Salaries and employee benefits:
Salaries$129,875 $129,086 $124,856 $124,623 $123,174 $789 1 %$6,701 5 %
Commissions and incentive compensation62,463 57,407 57,117 56,244 55,871 5,056 9 6,592 12 
Benefits41,751 41,954 40,584 38,801 40,496 (203)— 1,255 3 
Total salaries and employee benefits234,089 228,447 222,557 219,668 219,541 5,642 2 14,548 7 
Software and equipment39,288 35,654 36,096 35,027 36,522 3,634 10 2,766 8 
Operating lease equipment11,187 10,987 11,034 10,409 10,757 200 2 430 4 
Occupancy, net21,153 20,566 20,105 20,809 20,228 587 3 925 5 
Data processing10,659 11,266 11,809 11,329 12,110 (607)(5)(1,451)(12)
Advertising and marketing20,432 13,218 13,792 19,027 18,761 7,214 55 1,671 9 
Professional fees9,342 7,375 8,280 7,465 9,243 1,967 27 99 1 
Amortization of other acquisition-related intangible assets4,921 4,958 4,999 5,196 5,580 (37)(1)(659)(12)
FDIC insurance11,796 10,990 11,061 11,418 10,971 806 7 825 8 
FDIC insurance - special assessment(5,156)— (499)— — (5,156)(100)(5,156)(100)
OREO expense, net786 207 2,162 262 505 579 NM281 56
Other:
Lending expenses, net of deferred origination costs6,165 6,510 6,367 6,169 4,869 (345)(5)1,296 27 
Travel and entertainment6,938 5,426 7,965 6,029 6,026 1,512 28 912 15 
Miscellaneous25,937 27,028 28,725 27,220 26,348 (1,091)(4)(411)(2)
Total other39,040 38,964 43,057 39,418 37,243 76 — 1,797 5 
Total Non-Interest Expense$397,537 $382,632 $384,453 $380,028 $381,461 $14,905 4 %$16,076 4 %

Six Months Ended
2026 compared to 2025
Jun 30,Jun 30,
(Dollars in thousands)20262025$ Change% Change
Salaries and employee benefits:
Salaries$258,961 $247,091 $11,870 5 %
Commissions and incentive compensation119,870 108,407 11,463 11 
Benefits83,705 75,569 8,136 11 
Total salaries and employee benefits462,536 431,067 31,469 7 
Software and equipment74,942 71,239 3,703 5 
Operating lease equipment22,174 21,228 946 4 
Occupancy, net41,719 41,006 713 2 
Data processing21,925 23,384 (1,459)(6)
Advertising and marketing33,650 31,033 2,617 8 
Professional fees16,717 18,287 (1,570)(9)
Amortization of other acquisition-related intangible assets9,879 11,198 (1,319)(12)
FDIC insurance22,786 21,897 889 4 
FDIC insurance - special assessment(5,156)— (5,156)(100)
OREO expense, net993 1,148 (155)(14)
Other:
Lending expenses, net of deferred origination costs12,675 10,735 1,940 18 
Travel and entertainment12,364 11,296 1,068 9 
Miscellaneous52,965 54,033 (1,068)(2)
Total other78,004 76,064 1,940 3 
Total Non-Interest Expense$780,169 $747,551 $32,618 4 %
NM - Not meaningful.
32

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 EndedSix Months Ended
 Jun 30,Mar 31,Dec 31,Sep 30,Jun 30,Jun 30,Jun 30,
(Dollars and shares in thousands)2026202620252025202520262025
Reconciliation of Non-GAAP Net Interest Margin and Efficiency Ratio:
(A) Interest Income (GAAP)$961,412 $927,560 $956,326 $963,834 $920,908 $1,888,972 $1,807,873 
Taxable-equivalent adjustment:
 - Loans
2,111 2,026 2,134 2,154 2,200 4,137 4,406 
 - Liquidity Management Assets630 586 661 675 680 1,216 1,370 
 - Other Earning Assets— — — — — — 3 
(B) Interest Income (non-GAAP)$964,153 $930,172 $959,121 $966,663 $923,788 $1,894,325 $1,813,652 
(C) Interest Expense (GAAP)364,046 348,536 372,452 396,824 374,214 712,582 734,705 
(D) Net Interest Income (GAAP) (A minus C)597,366 579,024 583,874 567,010 546,694 1,176,390 1,073,168 
(E) Net Interest Income (non-GAAP) (B minus C)600,107 581,636 586,669 569,839 549,574 1,181,743 1,078,947 
Net interest margin (GAAP)3.50 %3.54 %3.52 %3.48 %3.52 %3.52 %3.53 %
Net interest margin, fully taxable-equivalent (non-GAAP)3.52 3.56 3.54 3.50 3.54 3.54 3.55 
(F) Non-interest income$141,269 $134,142 $130,390 $130,827 $124,089 $275,411 $240,723 
(G) Gains (losses) on investment securities, net1,845 (31)1,505 2,972 650 1,814 3,846 
(H) Non-interest expense397,537 382,632 384,453 380,028 381,461 780,169 747,551 
Efficiency ratio (H/(D+F-G))53.96 %53.65 %53.94 %54.69 %56.92 %53.81 %57.06 %
Efficiency ratio (non-GAAP) (H/(E+F-G))53.76 53.45 53.73 54.47 56.68 53.61 56.81 
33

Three Months EndedSix Months Ended
Jun 30,Mar 31,Dec 31,Sep 30,Jun 30,Jun 30,Jun 30,
(Dollars and shares in thousands)2026202620252025202520262025
Reconciliation of Non-GAAP Tangible Common Equity Ratio:
Total shareholders’ equity (GAAP)$7,525,116$7,378,100$7,258,715$7,045,757$7,225,696
Less: Non-convertible preferred stock (GAAP)(425,000)(425,000)(425,000)(425,000)(837,500)
Less: Acquisition-related intangible assets (GAAP)(885,338)(890,698)(895,959)(902,936)(908,639)
(I) Total tangible common shareholders’ equity (non-GAAP)$6,214,778$6,062,402$5,937,756$5,717,821$5,479,557
(J) Total assets (GAAP)$74,668,135$72,157,433$71,142,046$69,629,638$68,983,318
Less: Acquisition-related intangible assets (GAAP)(885,338)(890,698)(895,959)(902,936)(908,639)
(K) Total tangible assets (non-GAAP)$73,782,797$71,266,735$70,246,087$68,726,702$68,074,679
Common equity to assets ratio (GAAP) (L/J)9.5 %9.6 %9.6 %9.5 %9.3 %
Tangible common equity ratio (non-GAAP) (I/K)8.4 8.5 8.5 8.3 8.0 
Reconciliation of Non-GAAP Tangible Book Value per Common Share:
Total shareholders’ equity$7,525,116 $7,378,100 $7,258,715 $7,045,757 $7,225,696 
Less: Non-convertible preferred stock (GAAP)(425,000)(425,000)(425,000)(425,000)(837,500)
(L) Total common equity$7,100,116 $6,953,100 $6,833,715 $6,620,757 $6,388,196 
(M) Actual common shares outstanding67,455 67,437 66,975 66,961 66,938 
Book value per common share (L/M)$105.26 $103.10 $102.03 $98.87 $95.43 
Tangible book value per common share (non-GAAP) (I/M)92.13 89.90 88.66 85.39 81.86 
Reconciliation of Non-GAAP Return on Average Tangible Common Equity:
(N) Net income applicable to common shares$225,326 $219,021 $214,657 $188,913 $188,536 $444,347 $370,584 
Add: Acquisition-related intangible asset amortization 4,921 4,958 4,999 5,196 5,580 9,879 11,198 
Less: Tax effect of acquisition-related intangible asset amortization(1,304)(1,210)(1,310)(1,403)(1,495)(2,519)(2,923)
After-tax Acquisition-related intangible asset amortization $3,617 $3,748 $3,689 $3,793 $4,085 $7,360 $8,275 
(O) Tangible net income applicable to common shares (non-GAAP)$228,943 $222,769 $218,346 $192,706 $192,621 $451,707 $378,859 
Total average shareholders’ equity$7,474,449 $7,387,713 $7,166,608 $6,955,543 $6,862,040 $7,431,321 $6,662,598 
Less: Average preferred stock(425,000)(425,000)(425,000)(483,288)(599,313)(425,000)(506,423)
(P) Total average common shareholders’ equity$7,049,449 $6,962,713 $6,741,608 $6,472,255 $6,262,727 $7,006,321 $6,156,175 
Less: Average acquisition-related intangible assets(889,059)(894,211)(901,022)(906,032)(910,924)(891,620)(913,483)
(Q) Total average tangible common shareholders’ equity (non-GAAP)$6,160,390 $6,068,502 $5,840,586 $5,566,223 $5,351,803 $6,114,701 $5,242,692 
Return on average common equity, annualized (N/P)12.82 %12.76 %12.63 %11.58 %12.07 %12.79 %12.14 %
Return on average tangible common equity, annualized (non-GAAP) (O/Q)14.91 14.89 14.83 13.74 14.44 14.90 14.57 
Reconciliation of Non-GAAP Pre-Tax, Pre-Provision Income:
Income before taxes$317,964 $300,940 $302,223 $296,041 $267,088 $618,904 $520,143 
Add: Provision for credit losses23,134 29,594 27,588 21,768 22,234 52,728 46,197 
Pre-tax income, excluding provision for credit losses (non-GAAP)$341,098 $330,534 $329,811 $317,809 $289,322 $671,632 $566,340 
34

Three Months EndedSix Months Ended
Jun 30,Mar 31,Dec 31,Sep 30,Jun 30,Jun 30,Jun 30,
(Dollars and shares in thousands, except per share data)2026202620252025202520262025
Reconciliation of Non-GAAP Net Income per Common Share:
Net income$233,693 $227,388 $223,024 $216,254 $195,527 $461,081 $384,566 
Preferred stock dividends8,367 8,367 8,367 13,295 6,991 16,734 13,982 
Preferred stock redemption— — — 14,046 — — — 
(R) Net income applicable to common shares$225,326 $219,021 $214,657 $188,913 $188,536 $444,347 $370,584 
(S) Weighted average common shares outstanding67,434 67,246 66,970 66,952 66,931 67,341 66,829 
Dilutive potential common shares852 851 1,143 1,028 888 852 903 
(T) Average common shares and dilutive common shares68,286 68,097 68,113 67,980 67,819 68,193 67,732 
Net income per common share - Basic (R/S)$3.34 $3.26 $3.21 $2.82 $2.82 $6.60 $5.55 
Net income per common share - Diluted (R/T)$3.30 $3.22 $3.15 $2.78 $2.78 $6.52 $5.47 
Preferred stock series F excess one-time extended first dividend$— $— $— $4,927 $— $— $— 
Preferred stock redemption— — — 14,046 — — — 
(U) Total non-recurring preferred stock offering impact (non-GAAP)$— $— $— $18,973 $— $— $— 
Net income per common share - Basic (non-GAAP) (R+U)/S$3.34 $3.26 $3.21 $3.11 $2.82 $6.60 $5.55 
Net income per common share - Diluted (non-GAAP) (R+U)/T$3.30 $3.22 $3.15 $3.06 $2.78 $6.52 $5.47 
35

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;
•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;
36

•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;
37

•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, July 21, 2026 at 10:00 a.m. (CDT) regarding second 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 June 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 second 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.

38
Earnings Release Presentation Q2 2026

 

ORGANIZATION NAME 2 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,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, 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. 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; • 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 and southern Wisconsin; • 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); Pending

 

ORGANIZATION NAME 3 Forward Looking Statements • adverse effects of failures by our vendors to provide agreed upon services in the manner and at the cost agreed, particularly our information technology vendors; • increased costs as a result of protecting our customers from the impact of stolen debit card information; • 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; • the impact of the Company's transition from LIBOR to an alternative benchmark rate for current and future transactions; • 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 could have an adverse effect on the Company’s financial condition and results of operations, lead to material disruption of the Company’s operations or the ability or willingness of clients to access the Company’s products and services. Therefore, there can be no assurances that future actual results will correspond to any forward-looking statements. 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 and this presentation. 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 and presentations. Pending

 

ORGANIZATION NAME 4 • Record net income of $461.1 million or $6.52 per diluted common share, for the first six months of 2026, compared to net income of $384.6 million, or $5.47 per diluted common share for the same period of 2025 • Record June 2026 year-to-date net interest income of $1.2 billion was driven by strong earning asset growth • Wintrust's tangible book value per common share (non-GAAP) increased to $92.13 as of June 30, 2026. Tangible book value per common share (non-GAAP) has increased every year since Wintrust became a public company in 1996 • Total deposits increased by approximately $5.3 billion, or 10% compared to June 30, 2025, and was driven by our diversified deposit product offerings Pre-Tax, Pre-Provision1 June 2026 Year-to-Date Highlights (Comparative to June 2025 Year-to-Date) Total DepositsTotal Assets Total Loans Net Income $74.7 billion +$5.7 billion or 8% $55.7 billion +$4.6 billion or 9% $61.1 billion +$5.3 billion or 10% $461.1 million +$76.5 million or 20% BV / TBV Net Interest Income Net Interest Margin $1.2 billion +$103.2 million or 10% (non-GAAP) $92.13 +$10.27 $671.6 million +$105.3 million or 19% Diluted EPS $6.52 +$1.05 or 19% June 2026 Year-to-Date Takeaways 1 Pre-tax income, excluding provision for credit losses (non-GAAP) – See non-GAAP reconciliation in the Appendix (GAAP) $105.26 +$9.83 (non-GAAP) 3.54% -1 bp (GAAP) 3.52% -1 bp

 

ORGANIZATION NAME 5 Q2 2026 Highlights (Comparative to Q1 2026) • Record quarterly net income of $233.7 million • Q2 2026 net interest margin (non-GAAP) of 3.52% was four basis points lower than the prior quarter and remains within our expected range • Total loans increased by approximately $1.6 billion, or 12% annualized, and was driven by growth across all major loan categories, including seasonally higher PFR - Property and Casualty Insurance • Total deposits increased by approximately $2.2 billion, or 15% annualized, and was driven by our diversified customer base and product offerings Pre-Tax, Pre-Provision1 Diversified Balance Sheet Total DepositsTotal Assets Total Loans Net Income $74.7 billion +$2.5 billion $55.7 billion +$1.6 billion $61.1 billion +$2.2 billion $233.7 million +$6.3 million Strong Credit Quality • Non-performing loans totaled $179.3 million and comprised 0.32% of total loans at June 30, 2026 • Allowance for credit losses on total core loans was 1.24% at June 30, 2026 • Net charge-offs of 10 basis points in the second quarter of 2026, compared to 14 basis points in the first quarter of 2026 Efficiency RatioReturn on Assets ROE / ROTCE 1.30% -2 bps (GAAP) 53.96% +31 bps $341.1 million +$10.6 million Diluted EPS $3.30 +$0.08 Stable Margin Supports Earnings (non-GAAP) 53.76% +31 bps (GAAP) 12.82% +6 bps (non-GAAP) 14.91% +2 bps 1 Pre-tax income, excluding provision for credit losses (non-GAAP) – See non-GAAP reconciliation in the Appendix

 

ORGANIZATION NAME 6 $195.5 $227.4 $233.7 1.19% 1.32% 1.30% Net Income ROA Q2 2025 Q1 2026 Q2 2026 Record Quarterly Net Income $2.78 $3.22 $3.30 Diluted EPS Q2 2025 Q1 2026 Q2 2026 $289.3 $330.5 $341.1 Pre-Tax Income, excluding Provision for Credit Losses (non-GAAP) Q2 2025 Q1 2026 Q2 2026 ($ in Millions) Q2 2026 Highlights Earnings Summary Differentiated, highly diversified and sustainable business model • Record quarterly net income of $233.7 million supported by strong loan and deposit growth and a stable net interest margin • Q2 2026 pre-tax income, excluding provision for credit losses (non- GAAP) totaled $341.1 million as compared to $330.5 million in the first quarter of 2026, a record for the Company Record Quarterly Pre-Tax Income, Excluding Provision for Credit Losses ($ in Millions) Consistent Earnings Growth

 

ORGANIZATION NAME 7 • Loan growth during the second quarter totaled $1.6 billion, or 12% on an annualized basis • Strong loan growth driven by increases across all major categories, including seasonally higher PFR - Property and Casualty Insurance • Year-over-year loan growth of 9% driven by robust organic growth 33% 26% 15% 17% 8% 1% Commercial Commercial Real Estate PFR - Property and Casualty Insurance PFR - Life Insurance Residential Real Estate All Other Loans $54,071 $518 $108 $78 $722 $116 $42 $55,655 3/31/2026 Commercial Commercial Real Estate Residential Real Estate PFR - Property and Casualty Insurance PFR - Life Insurance All Other Loans 6/30/2026 $51.0 $54.1 $55.7 6.48% 6.14% 6.07% Total Loans Average Total Loan Yield 6/30/2025 3/31/2026 6/30/2026 Loan Growth Across All Major Loan Categories ($ in Millions) Diversified Loan Mix (as of 6/30/2026) Robust Organic Loan Growth in the Second Quarter ($ in Billions) Loan Portfolio Diversified loan portfolio drives consistent growth Highlights

 

ORGANIZATION NAME 8 $55.8 $58.9 $61.1 3.14% 2.74% 2.74% Total Deposits Rate Paid on Average Total Interest-Bearing Deposits 6/30/2025 3/31/2026 6/30/2026 $58,914 $(316) $1,369 $1,085 $755 $(666) $61,141 3/31/2026 Non- Interest- Bearing Money Market CDs NOW and Interest- Bearing Demand Deposits Other Interest- Bearing 6/30/2026 Deposit Portfolio Enviable core deposit franchise in Chicago, Milwaukee and Grand Rapids market areas Strong Deposit Growth in the Second Quarter • Second quarter deposit growth totaling $2.2 billion or 15% annualized • Year-over-year deposit growth of $5.3 billion, or 10%, was supported by strong organic growth and market share gains in our key markets • Growth across a wide range of deposit products highlights our strong deposit franchise Highlights ($ in Millions) ($ in Billions) Quarterly Growth Primarily from Money Market Products and CDs 1 Includes Savings and Wealth Management Deposits which represent 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. 1 Deposit Beta Chart Pending 5.00% 4.50% 4.25% 3.75%3.72% 3.39% 3.15% 2.90% 2.93% 2.68% 2.54% 2.33% Fed Funds Upper Target Interest-Bearing Deposit Rate Total Deposit Rate 9/30/2024 12/31/2024 9/30/2025 12/31/2025 5.50% 5.00% 4.50% 4.50% 4.50% 4.25% 3.75% 3.75% 3.75%3.73% 3.72% 3.39% 3.16% 3.14% 3.15% 2.90% 2.74% 2.74% 2.93% 2.94% 2.68% 2.51% 2.51% 2.54% 2.33% 2.21% 2.21% Ending Fed Funds Rate Upper Bound Average Interest-Bearing Deposit Rate Average Total Deposit Rate 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026 Deposit Betas Interest-Bearing Deposit Beta: 57% Total Deposit Beta: 41% Strategically Repriced Deposits Throughout the Fed Easing Cycle

 

ORGANIZATION NAME 9 $7.6 $3.2 $0.1 Available-for-Sale Held-to-Maturity Other Continued Year-over-Year Growth in CET1Stable Capital Levels Strategically Balanced Investment Portfolio (as of 6/30/2026) ($ in Billions) Capital/Liquidity Capital levels are well in excess of regulatory thresholds 10.0% 10.4% 10.4% 6/30/2025 3/31/2026 6/30/2026 10.0% 10.4% 10.4% 11.5% 11.1% 11.1% 13.0% 12.6% 12.4% 10.2% 9.8% 9.8% CET1 Ratio Tier 1 Capital Ratio Total Capital Ratio Tier 1 Leverage Ratio 6/30/2025 3/31/2026 6/30/2026 Total Investment Portfolio Yield (Q2 '26): 3.94% Duration: 5.8 Years $10.9 Highlights 1Ratios for Q2 2026 are estimated 2Q2 2025 capital levels impacted by Preferred Series D and E not redeemed until Q3 2025 1 1 • The Company's capital levels are well in excess of regulatory thresholds and improving despite strong loan growth • Investment portfolio at 15% of total assets as of June 30, 2026 Pending 222

 

ORGANIZATION NAME 10 $4.11 $5.50 $6.03 $6.19 $7.08 $9.03 $11.65 $14.84 $16.07 $17.28 $18.97 $19.02 $20.78 $23.22 $25.80 $26.72 $29.28 $29.93 $32.45 $33.17 $37.08 $41.68 $44.67 $49.70 $53.23 $59.64 $61.00 $70.33 $75.39 $88.66 $92.13 Tangible Book Value Per Common Share (non-GAAP) 19 96 19 97 19 98 19 99 20 00 20 01 20 02 20 03 20 04 20 05 20 06 20 07 20 08 20 09 20 10 20 11 20 12 20 13 20 14 20 15 20 16 20 17 20 18 20 19 20 20 20 21 20 22 20 23 20 24 20 25 6/30 /20 26 Tangible Book Value Per Common Share (non-GAAP) Wintrust has grown TBV Per Common Share every year since going public in 1996, and increased TBV Per Common Share to $92.13 as of June 30, 2026

 

ORGANIZATION NAME 11 Total Shareholder Return Wintrust's commitment to growing shareholder value is exemplified by consistently outperforming the KBW Nasdaq Regional Banking Total Return Index (KRXTR) Total Shareholder Return of WTFC Compared to KRXTR (1-Year) 100% 131% 129% WTFC KRXTR 6/30 /20 25 6/30 /20 26 80% 100% 120% 140% Total Shareholder Return of WTFC Compared to KRXTR (3-Year) 100% 138% 176% 229% 118% 143% 185% WTFC KRXTR 6/30 /20 23 6/30 /20 24 6/30 /20 25 6/30 /20 26 50% 100% 150% 200% 250% Total Shareholder Return of WTFC Compared to KRXTR (5-Year) 100% 108% 100% 136% 172% 223% 92% 77% 91% 110% 142% WTFC KRXTR 6/30 /20 21 6/30 /20 22 6/30 /20 23 6/30 /20 24 6/30 /20 25 6/30 /20 26 0% 50% 100% 150% 200% 250% 300% Total Shareholder Return of WTFC Compared to KRXTR (10-Year) 100% 151% 173% 147% 91% 156% 168% 156% 210% 263% 339% 136% 149% 134% 100% 171% 157% 131% 155% 187% 242% WTFC KRXTR 6/30 /20 16 6/30 /20 17 6/30 /20 18 6/30 /20 19 6/30 /20 20 6/30 /20 21 6/30 /20 22 6/30 /20 23 6/30 /20 24 6/30 /20 25 6/30 /20 26 50% 100% 150% 200% 250% 300% 350% * Data Source: S&P Capital IQ

 

ORGANIZATION NAME 12 As of June 30, 2026 • Collars Weighted Average Cap Rate: 3.70% • Collars Weighted Average Floor Rate: 2.21% • Receive Fixed Swaps Weighted Average Rate: 3.84% • Interest Rate Floor Weighted Average Strike Rate: 2.50% $6.90 $6.65 $5.85 $6.05 $6.05 $4.70 $4.45 $4.15 $4.35 $4.35 $1.75 $1.75 $1.25 $1.25 $1.25 $0.45 $0.45 $0.45 $0.45 $0.45 Received Fixed Swaps Costless Collars Interest Rate Floor 6/30/2026 9/30/2026 12/31/2026 3/31/2027 6/30/2027 $546.7 $579.0 $597.4 3.54% 3.56% 3.52% Net Interest Income NIM, fully taxable-equivalent (non-GAAP) 6/30/2025 3/31/2026 6/30/2026 Net Interest Margin/Income Net interest margin within guidance range; coupled with strong earning asset growth generated net interest income growth Record Net Interest Income in Q2 2026 Derivatives Held by the Company as of June 30, 2026 that Hedge the Cash Flows of Variable Rate Loans1 ($ in Billions) ($ in Millions) Highlights 1 Balances shown represent the notional amount of cash flow hedging derivatives that are effective as of the dates presented. Reference the Appendix for the complete derivative schedule As of December 31, 2025 Collars Weighted Average Cap Rate: 3.70% Collars Weighted Average Floor Rate: 2.21% Receive Fixed Swaps Weighted Average Rate: 3.82% Interest Rate Floor Weighted Average Strike Rate: 2.50% • We are well-positioned for strong financial performance as we expect the combination of a stable net interest margin and balance sheet growth to result in strong net interest income growth through 2026 • Hedging activities help manage our interest rate risk. We anticipate that the repricing of variable rate loans and cash is substantially offset by the impact of hedges and deposit rate changes • We believe we are well-positioned for strong financial performance as we expect the combination of a stable net interest margin and balance sheet growth to result in strong net interest income growth through 2026 • Hedging activities help manage our interest rate risk. We anticipate that the repricing of variable rate loans and cash is substantially offset by the impact of hedges and deposit rate changes Pending

 

ORGANIZATION NAME 13 $36.8 $42.1 $39.9 $44.3 $45.9 $49.7 Total Wealth Management Revenue Client Assets Under Administration ($ in billions) Q2 2025 Q1 2026 Q2 2026 Non-Interest Income Diversified fee businesses supported growth in non-interest income levels despite challenging mortgage environment Wealth Management Revenue Improvement Year-Over-Year $124.1 $134.1 $141.3 $36.8 $42.1 $39.9 $15.2 $19.2 $18.8 $19.5 $21.0 $21.2 $29.4 $28.4 $34.0 $23.2 $23.4 $27.4 Wealth Management Operating Lease Income, net Service Charges on Deposits Other ; incl. Call Option Income Mortgage Banking Q2 2025 Q1 2026 Q2 2026 $681.5 $594.0 $834.9 $523.8 $441.7 $660.3 $157.7 $152.3 $174.6 Retail Originations Veterans First Originations Q2 2025 Q1 2026 Q2 2026 Increase in Mortgage Originations for Sale Driven by Stronger Production Volume Amid Improved Market Activity MSRs Effectively Hedged to Moderate Impact to Fair Value Year-over-Year Increase Across All Major Categories 1 ($ in Millions) ($ in Millions) % of MSRs to Loans Serviced for Others Q2 2025 Q1 2026 Q2 2026 1.55% 1.56% 1.59% $193.1 $195.3 $201.9 $12,471 $12,535 $12,670 MSRs, at fair value Loans Serviced for Others Q2 2025 Q1 2026 Q2 2026 ($ in Millions) ($ in Millions) 1 Other - includes Interest Rate Swap Fees, BOLI, Administrative Services, FX Remeasurement Gains/(Losses), Early Pay-Offs of Capital Leases, Gains/(losses) on investment securities, net, Fees from covered call options, Trading gains/(losses), net and Miscellaneous Pending Pending

 

ORGANIZATION NAME 14 • The Non-interest expense totaled $397.5 million in the second quarter of 2026, increasing $14.9 million, compared to $382.6 million in the first quarter of 2026 • The increase was attributable to seasonally higher advertising and marketing expenses, and higher commissions and incentives expense, partially offset by the reversal of FDIC special assessment • Non-interest expense totaled $397.5 million in the second quarter of 2026, decreasing $1.9 million, compared to $382.6 million in the first quarter of 2026 • The decrease was primarily due to lower travel and entertainment expenses, along with decreased advertising and marketing, reflecting typical first-quarter seasonality Non-Interest Expense We continue to manage our expenses in line with company growth Quarterly Increase Primarily Driven by Commissions and Incentives Efficiency Ratio Remained Consistent Quarter-Over-Quarter Strong Asset Growth Coupled With Prudent Expense Management $219.5 $228.5 $234.1 $123.2 $129.1 $129.9 $55.9 $57.4 $62.4 $40.5 $42.0 $41.8 Salaries Commissions and Incentive Compensation Benefits Q2 2025 Q1 2026 Q2 2026 56.68% 53.45% 53.76% Efficiency Ratio (non-GAAP) Q2 2025 Q1 2026 Q2 2026 $45.1 $50.1 $52.9 $56.3 $64.9 $71.1 $74.7 2.51% 2.42% 2.33% 2.45% 2.36% 2.26% 2.21% Total Assets Non-Interest Expense as a % of Average Assets FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 6/30/2026 ($ in Millions) ($ in Billions) Highlights

 

ORGANIZATION NAME 15 $471.6 $10.0 $(0.4) $481.2 3/31/2026 Portfolio Changes Macroeconomic Scenario 6/30/2026 $13.3 $18.4 $13.4 $22.2 $29.6 $23.1 0.11% 0.14% 0.10% NCOs Provision for Credit Losses Annualized NCOs as a % of Average Total Loans Q2 2025 Q1 2026 Q2 2026 $188.8 $182.7 $179.3 $143.7 $133.0 $135.2 $45.1 $49.7 $44.1 0.37% 0.34% 0.32% NPLs as a % of Total Loans PFR - Life and Commercial NPLs Commercial, CRE and Other NPLs 6/30/2025 3/31/2026 6/30/2026 $52,479 $53,961 Q1 2026 Q2 2026 $959 $1,034 Q1 2026 Q2 2026 $633 $660 Q1 2026 Q2 2026 Pass and Loans Guaranteed1 Special Mention Substandard2 1 Pass and Loans Guaranteed: Includes early buy-out loans guaranteed by U.S. government agencies 2 Substandard: Substandard includes Substandard Accrual and Substandard Nonaccrual/Doubtful 97% 97% 2% 2% 1% 1% Credit Quality Diversified business lines and strong credit management support stable credit quality Low and Consistent Levels of Non-Performing Loans ($ in Millions) ($ in Millions) Special Mention and Substandard Percentages Remained Stable Quarter over Quarter ($ in Millions) Allowance For Credit Losses Quarter over Quarter ($ in Millions) 3 Portfolio Changes: Includes new volume and run-off, changes in credit quality, shifts in segmentation mix, impact of net charge-offs, and changes in qualitative factors 3 Provision Remains Stable Pending Pending

 

ORGANIZATION NAME 16 0.25% 0.40% 0.45% 0.41% 0.46% 0.48% 0.34% 0.51% 0.29% 0.34% 0.39% 0.81% 1.58% 1.74% 1.52% 1.30% 1.03% 0.85% 0.62% 0.56% 0.50% 0.47% 0.44% 0.36% 0.32% 0.16% 0.21% 0.27% 0.30% 0.29% 0.26% NPA/TA 19 96 19 97 19 98 19 99 20 00 20 01 20 02 20 03 20 04 20 05 20 06 20 07 20 08 20 09 20 10 20 11 20 12 20 13 20 14 20 15 20 16 20 17 20 18 20 19 20 20 20 21 20 22 20 23 20 24 20 25 6/30 /20 26 1Q2 2024 is a Preliminary Number Non-Performing Assets to Total Assets NPAs continue to remain historically lowCurrent Quarter is hardcoded due to format

 

ORGANIZATION NAME 17 • Increase in allowance for credit losses driven by portfolio changes, primarily due to changes in credit quality and new volume • Coverage across all portfolios remains stable to protect against downside risks in an uncertain macroeconomic environment Prior Year is not included in the spreadsheet. The Prior Year for All charts are Hardcoded $51.0 $54.1 $55.7 0.90% 0.87% 0.86% Total Loan Period End Balance Allowance as a % of Total Loans 6/30/2025 3/31/2026 6/30/2026 $29.9 $32.1 $32.7 1.37% 1.27% 1.24% Core Loan Period End Balance Allowance as a % of Category 6/30/2025 3/31/2026 6/30/2026 $21.1 $22.0 $22.9 0.22% 0.28% 0.32% Niche Loan Period End Balance Allowance as a % of Category 6/30/2025 3/31/2026 6/30/2026 Credit Quality - Allowance for Credit Losses The Company remains well-reserved Consistently Well-Reserved Across Our Core1 Loan PortfolioAppropriate Allowance Coverage on Total Loan Portfolio ($ in Billions) ($ in Billions) Allowance Provides Proper Coverage due to Minimal Historic Losses in Niche1 Portfolio ($ in Billions) 1 Niche Loans consists of: Franchise, Mortgage warehouse lines of credit, Community Advantage - homeowners association, Insurance agency lending, Premium Finance receivables, and Consumer and other. All other loans are considered Core 1 1 Manual Input - All Data comes from Mike Reiser Q2 2026 Highlights Pending

 

ORGANIZATION NAME 18 $194.6 $211.0 $234.8 1.19% 1.19% 1.28% Calculated Allowance Allowance as a % of Category 6/30/2025 3/31/2026 6/30/2026 $80.9 $87.8 $90.6 0.49% 0.49% 0.50% NPLs NPL as a % of Category 6/30/2025 3/31/2026 6/30/2026 $16,387 $17,763 $18,281 0.11% 0.17% 0.20% Period End Balance Net Charge-Off Ratio (Annualized) 6/30/2025 3/31/2026 6/30/2026 43% 9% 5% 17% 7% 10% 3% 6% Commercial and industrial Asset-based lending Municipal Leases Franchise Mortgage warehouse lines of credit Community Advantage - HOA Insurance agency lending Credit Quality - Commercial Loans Diversified portfolio with low net charge-offs Stable and Manageable Levels of Non-Performing Commercial LoansSteady Loan Growth Coupled with Proactive Credit Management ($ in Millions) ($ in Millions) Allowance Provides Appropriate Coverage Commercial Loan Composition (as of 6/30/2026) ($ in Millions) Prior Year is not included in the spreadsheet. The Prior Year for bottom left chart is Hardcoded

 

ORGANIZATION NAME 19 $224.4 $224.9 $209.9 1.69% 1.59% 1.47% Calculated Allowance Allowance as a % of Category 6/30/2025 3/31/2026 6/30/2026 $13,292 $14,162 $14,271 0.17% 0.21% 0.02% Period End Balance Net Charge-Off Ratio (Annualized) 6/30/2025 3/31/2026 6/30/2026 $32.8 $16.8 $17.2 0.25% 0.12% 0.12% NPLs NPL as a % of Category 6/30/2025 3/31/2026 6/30/2026 23% 24% 17% 13% 11% 10% 2% Multi-family Industrial Commercial and Residential construction Mixed use and other Office Retail Land Credit Quality - Commercial Real Estate Loans Well-diversified portfolio with a majority of its exposure in stabilized, income producing properties Continued Low Levels of NPLs in Q2 2026 Solid Growth in Portfolio with Modest Levels of Net Charge-offs ($ in Millions) ($ in Millions) Commercial Real Estate Loan Composition (as of 6/30/2026) ($ in Millions) Allowance Continues to Provide Appropriate Coverage Prior Year is not included in the spreadsheet. The Prior Year for bottom left chart is Hardcoded

 

ORGANIZATION NAME 20 $0.3 $0.0 $0.0 0.00% 0.00% 0.00% NPLs NPL as a % of Category 6/30/2025 3/31/2026 6/30/2026 $9,128 $2,160 Cash Surrender Value Other $8,507 $9,196 $9,313 0.00% 0.00% 0.00% Period End Balance Net Charge-Off Ratio (Annualized) 6/30/2025 3/31/2026 6/30/2026 1 Loan Collateral reported at actual values versus credit advance rate 2 Collateral Coverage is calculated by dividing Total Loan Collateral (Undiscounted) by Total Loan Portfolio Balance 5% 74% 5% 16% Annuity Brokerage Account Certificate of Deposit Letters of Credit OtherCollateral Coverage2 of 121% Pristine Low Levels of Non-Performing LoansConsistent Growth with Stellar Credit Quality ($ in Millions) ($ in Millions) Total Loan Collateral1 by Type (as of 6/30/2026) "Other" Loan Collateral1 by Type (as of 6/30/2026) ($ in Millions) Credit Quality Premium Finance Receivable - Life Insurance Life insurance portfolio remains steady and has continued to demonstrate exceptional credit quality and no charge-offs

 

ORGANIZATION NAME 21 Consistent Low Level of Non-Performing LoansStrong Seasonal Growth in Q2 2026, Consistent with Prior Years $8,323 $7,890 $8,612 0.16% 0.20% 0.16% Period End Balance Net Charge-Off Ratio (Annualized) 6/30/2025 3/31/2026 6/30/2026 $5,397 $4,553 $5,368 Originations Q2 2025 Q1 2026 Q2 2026 $44.8 $49.7 $44.1 0.54% 0.63% 0.51% NPLs NPL as a % of Category 6/30/2025 3/31/2026 6/30/2026 $4,108 $2,752 $1,443 $309 Current Premium Finance Receivables - Property and Casualty Insurance Loan Balances Projected to Mature Based on Modeled Contractual Cash Flows ≤ 3 Months 4-6 Months 7-9 Months > 9 months Premium Finance Receivables - Property and Casualty Insurance Steady year-over-year growth in portfolio with solid credit quality ($ in Millions) ($ in Millions) Projected Repayments Seasonally Higher Origination Volume ($ in Millions) ($ in Millions) Manual Input - Data comes from Mark B Manual Input - Data comes from Thanos Polyzois and Matt for Canada Pending

 

ORGANIZATION NAME 22 Mortgage Credit, 57% Business Credit, 14% Private Equity Funds, 9% Other NDFI Loans, 20% • Warehouse lines of credit primarily to large well-capitalized residential mortgage originators • Secured primarily by first mortgages with committed investors • XXXX • XXX Non-Depository Financial Institutions (NDFI) Lending (as of 6/30/2026) NDFI lending represents a conservative 6% of the total loan portfolio in low risk sectors NDFI Loan Portfolio Breakdown ($ in Millions) $295 $464 $664 $1,898 Highlights $3,321 Mortgage Credit • NDFI Loans represent approximately 6% of the total loan portfolio as of June 30, 2026 • The majority of the portfolio consists of Mortgage Credit loans which are warehouse lines of credit secured primarily by first mortgages Q2 2026 Takeaways Business Credit Private Equity Funds Other NDFI Loans • Comprises mainly loans to well established leasing companies • Loans to private credit lenders limited to less than $50mm • No exposure to Business Development Companies (BDCs) • Subscription lines to private equity, private credit, and CRE investment funds • Short term loans repaid by investor contributions from institutional funds, pension funds, insurance companies, and high net worth individuals • Consists of diverse pool of financial service entities including broker dealers, RIAs, insurance companies, and captive finance companies associated with commercial borrowers 1 NDFI balance is an estimate pending the filing of Wintrust Financial Corporation's FRY-9C. 1 Pending

 

ORGANIZATION NAME Appendix

 

ORGANIZATION NAME 24 Hedging activities had a one basis point favorable impact to our Q2 2026 NIM, unchanged from the one basis point favorable impact to our Q1 2026 NIM. These derivatives moderate our interest rate sensitivity and serve the purpose of stabilizing net interest income performance across various interest rate scenarios. Hedge Type Effective Date Notional Maturity Date Cap Rate Floor Rate Swap Rate Costless Collar 10/1/2022 $0.50B 10/1/2026 4.32% 2.75% N/A Costless Collar 9/1/2022 $1.25B 9/1/2027 3.45% 2.00% N/A Costless Collar Total $1.75B Interest Rate Floor 9/15/2025 $0.20B 9/15/2028 N/A 2.50% N/A Interest Rate Floor 12/1/2025 $0.25B 12/1/2029 N/A 2.50% N/A Interest Rate Floor Total $0.45B Receive Fixed Swap 4/1/2023 $0.25B 7/1/2026 N/A N/A 4.45% Receive Fixed Swap 1/31/2023 $0.50B 12/31/2026 N/A N/A 3.51% Receive Fixed Swap 2/1/2023 $0.25B 2/1/2027 N/A N/A 3.45% Receive Fixed Swap 4/1/2023 $0.25B 7/1/2027 N/A N/A 4.15% Receive Fixed Swap 3/1/2023 $0.25B 3/1/2028 N/A N/A 3.53% Receive Fixed Swap 3/1/2023 $0.25B 3/1/2028 N/A N/A 3.75% Receive Fixed Swap 10/1/2024 $0.35B 10/1/2029 N/A N/A 3.99% Receive Fixed Swap 11/1/2024 $0.35B 11/1/2029 N/A N/A 4.25% Receive Fixed Swap 11/1/2025 $0.25B 11/1/2029 N/A N/A 3.30% Receive Fixed Swap 11/1/2025 $0.25B 11/1/2030 N/A N/A 3.55% Receive Fixed Swap 11/1/2025 $0.25B 11/1/2030 N/A N/A 3.82% Receive Fixed Swap 2/1/2026 $0.25B 2/1/2031 N/A N/A 3.95% Receive Fixed Swap 2/1/2026 $0.25B 2/1/2031 N/A N/A 4.25% Receive Fixed Swap 4/1/2026 $0.25B 4/1/2031 N/A N/A 3.69% Receive Fixed Swap 6/1/2026 $0.25B 6/1/2031 N/A N/A 3.79% Receive Fixed Swap 6/1/2026 $0.25B 6/1/2031 N/A N/A 3.90% Receive Fixed Swap 10/1/2026 $0.20B 10/1/2031 N/A N/A 3.38% Receive Fixed Swap 6/1/2026 $0.25B 12/1/2031 N/A N/A 4.00% Receive Fixed Swap 3/1/2027 $0.25B 3/1/2032 N/A N/A 3.43% Receive Fixed Swap 3/1/2027 $0.20B 3/1/2032 N/A N/A 3.60% Received Fixed Swap Total $5.35B Below are the details of the derivatives entered by the Company as of June 30, 2026. These derivatives hedge the cash flows of variable rate loans that reprice monthly based on one-month term SOFR. Hedge Strategy Update Use of Hedges to Stabilize NIM and Mitigate Potential Negative Impacts of Falling Rates Pending

 

ORGANIZATION NAME 25 $377.1 $282.5 $309.5 $270.8 $217.1 $150.3$133.9 $158.8 $192.5 $153.0 $115.5 $45.4 Total CRE Office Non-Medical Non Owner-Occupied <$2M $2M-$5M $5M-$10M $10M-$15M $15M-$20M >=$20M Chicago CBD, 8% Other CBD, 9% Suburban, 83% CRE Office Portfolio Geography CRE Office Portfolio (as of 6/30/2026) CRE office represents a minimal percentage of the total loan portfolio Medical Non Owner- Occupied, 33% Medical Owner Occupied, 2% Non-Medical Owner- Occupied, 15% Non-Medical Non Owner- Occupied, 50% 1Chicago CBD includes the following zip codes: 60601, 60602, 60603, 60604, 60605, 60606, 60607, 60610, 60611, 60654, 60661 2Other CBD includes the following metropolitan areas: Milwaukee, Boulder, Orlando, Saint Paul, Columbus, Cincinnati, San Antonio 1 2 $1,334.4 $137.0 $135.9 $799.1 $248.1 $525.5 263898 90 52 43 26 21 12 7 5 Number of Loans Per Category ($ in Millions) CRE Office Portfolio Composition Granularity of CRE Office Portfolio by Loan Size ($ in Millions) ($ in Millions) Portfolio Characteristics As of 3/31/2026 As of 6/30/2026 Balance ($ in Millions) $1,652 $1,607 CRE office as a % to Total CRE 11.67% 11.26% CRE office as a % to Total Loans 3.06% 2.89% Average Size of Loan ($ in Millions) $1.5 $1.5 Non-Performing Loan (NPL) Ratio 0.62% 0.64% Loans Still Accruing that are 30-89 Days Past Due Ratio 0.19% 1.49% Owner Occupied or Medical % 50% 50% $34.6 Manual Input - Data Comes from Mario's Team Chicago CBD $ 158.8 Other CBD $ 168.9 Suburban $ 1,360.9 Total $ 1,688.6 2 13 Considering Removing This Slide and Adding to Earnings Playbook for Exec Reference Pending

 

261Geographic Diversification: primary business location utilized to estimate geographic diversification, which can mean the following locations types were used: collateral location, customer business location, customer home address and customer billing address States/Jurisdictions that individually comprise 1% or less of the Total Loan Portfolio shaded light blue Loan Portfolio Highly diversified portfolio across U.S Loan Portfolio - Geographic Diversification1 (as of 6/30/2026) 31% 8% 7% 6% 4% 4% 3% 2% 2% 2% 3% 2%Canada: Total Loan Portfolio Primary Geographic Region Commercial: Commercial, industrial and other Midwest Leasing Nationwide Franchise Lending Nationwide Commercial real estate Construction and development Midwest Non-construction Midwest Home equity Midwest Residential Real Estate Midwest Premium finance receivables Commercial insurance loans Nationwide and Canada Life insurance loans Nationwide Consumer and other Midwest 4% 2% 2% New Image Pending Pending 2%

 

ORGANIZATION NAME 27 Illinois Market1 (Sorted by 2025 Market Share Data) 2023 2024 2025 JPMorgan Chase 22.5% 20.1% 20.1% BMO Bank 17.1% 18.9% 18.3% Wintrust Financial Corporation 7.6% 8.0% 8.6% Bank of America 9.2% 8.3% 7.9% CIBC Bank USA 6.8% 7.3% 7.7% The Northern Trust Company 4.9% 6.0% 6.4% Fifth Third Bank 4.8% 4.8% 4.3% PNC Bank 3.1% 3.2% 3.3% Old National Bank 2.5% 2.5% 2.8% U.S. Bank 2.7% 2.5% 2.5% Deposit Market Share in the Markets We Serve Wintrust serves over 300,000 consumer banking households and 50,000 commercial middle market and small business clients Wisconsin Market3 (Sorted by 2025 Market Share Data) 2023 2024 2025 U.S. Bank 27.5% 24.0% 25.2% BMO Harris Bank 13.8% 14.7% 13.1% Associated Bank 9.3% 9.9% 10.0% JPMorgan Chase 10.1% 9.7% 9.6% Johnson Bank 3.9% 4.0% 4.1% Wintrust Financial Corporation 2.9% 3.4% 3.5% First Business Bank 2.0% 2.4% 2.7% Old National Bank 2.0% 2.3% 2.4% Lake Ridge Bank 1.9% 2.2% 2.2% Wells Fargo 2.3% 2.3% 2.0% Michigan Market2 (Sorted by 2025 Market Share Data) 2023 2024 2025 Huntington 19.6% 19.5% 18.3% Fifth Third Bank 19.5% 19.6% 17.2% Northpointe Bank 10.4% 11.1% 14.2% Wintrust Financial Corporation 8.0% 7.8% 9.3% JPMorgan Chase 10.2% 9.9% 9.0% Mercantile Bank 6.1% 6.3% 6.7% PNC Bank 3.8% 3.1% 3.0% West Michigan Community Bank 2.7% 2.9% 2.9% Independent Bank 3.2% 3.0% 2.9% ChoiceOne Bank 2.6% 2.6% 2.7% 1Illinois market is defined by Cook, DuPage, Kane, Lake, McHenry, Will and Winnebago counties 2Michigan market is defined by Allegan, Kent, and Ottawa counties Wintrust Midwest Branch Locations 4 3Wisconsin market is defined by Dane, Kenosha, Milwaukee, Ozaukee, Racine, Rock, Walworth and Waukesha counties 4Indiana market is defined by Lake county; Wintrust market share approx. 1.43% Data Source: Federal Deposit Insurance Corporation as of June 30th of each year

 

ORGANIZATION NAME 28 Glossary Abbreviation Definition AUA Assets Under Administration BOLI Bank Owned Life Insurance BP Basis Point BV Book Value per Common Share CBD Central Business District CET1 Ratio Common Equity Tier 1 Capital Ratio CRE Commercial Real Estate Diluted EPS Net Income per Common Share - Diluted FDIC Federal Deposit Insurance Corporation GAAP Generally Accepted Accounting Principles HOA Homeowners Association Interest Bearing Cash Total Interest-Bearing Deposits with Banks, Securities Purchased under Resale Agreements and Cash Equivalents MSA Metropolitan Statistical Area MSR Mortgage Servicing Right NCO Net Charge Off NDFI Non-Depository Financial Institutions NII Net Interest Income NIM Net Interest Margin Non-GAAP For non-GAAP metrics, see the reconciliation in the Appendix NPA Non-Performing Asset NPL Non-Performing Loan OREO Other Real Estate Owned PFR Premium Finance Receivables PTPP Pre-Tax, Pre-Provision Income RIA Registered Investment Adviser ROA Return on Assets ROE Return on Average Common Equity ROTCE Return on Average Tangible Common Equity RWA Risk-Weighted Asset SOFR Secured Overnight Financing Rate TA Total Assets TBV Tangible Book Value TBVPCS Tangible Book Value Per Common Share

 

ORGANIZATION NAME 29 Three Months Ended Six Months Ended Reconciliation of non-GAAP Net Interest Margin and Efficiency Ratio ($ in Thousands): June 30, March 31, December 31, September 30, June 30, June 30, June 30, 2026 2026 2025 2025 2025 2026 2025 (A) Interest Income (GAAP) $ 961,412 $ 927,560 $ 956,326 $ 963,834 $ 920,908 $ 1,888,972 $ 1,807,873 Taxable-equivalent adjustment: - Loans 2,111 2,026 2,134 2,154 2,200 4,137 4,406 - Liquidity Management Assets 630 586 661 675 680 1,216 1,370 - Other Earning Assets — — — — — — 3 (B) Interest Income (non-GAAP) $ 964,153 $ 930,172 $ 959,121 $ 966,663 $ 923,788 $ 1,894,325 $ 1,813,652 (C) Interest Expense (GAAP) 364,046 348,536 372,452 396,824 374,214 712,582 734,705 (D) Net Interest Income (GAAP) (A minus C) 597,366 579,024 583,874 567,010 546,694 1,176,390 1,073,168 (E) Net Interest Income (non-GAAP) (B minus C) 600,107 581,636 586,669 569,839 549,574 1,181,743 1,078,947 Net interest margin (GAAP) 3.50 % 3.54 % 3.52 % 3.48 % 3.52 % 3.52 % 3.53 % Net interest margin, fully taxable-equivalent (non-GAAP) 3.52 % 3.56 % 3.54 % 3.50 % 3.54 % 3.54 % 3.55 % (F) Non-interest income $ 141,269 $ 134,142 $ 130,390 $ 130,827 $ 124,089 $ 275,411 $ 240,723 (G) Gains (losses) on investment securities, net 1,845 (31) 1,505 2,972 650 1,814 3,846 (H) Non-interest expense 397,537 382,632 384,453 380,028 381,461 780,169 747,551 Efficiency ratio (H/(D+F-G)) 53.96 % 53.65 % 53.94 % 54.69 % 56.92 % 53.81 % 57.06 % Efficiency ratio (non-GAAP) (H/(E+F-G)) 53.76 % 53.45 % 53.73 % 54.47 % 56.68 % 53.61 % 56.81 % 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. 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. Reconciliation of non-GAAP Pre-Tax, Pre-Provision Income ($ in Thousands): Income before taxes $ 317,964 $ 300,940 $ 302,223 $ 296,041 $ 267,088 $ 618,904 $ 520,143 Add: Provision for credit losses 23,134 29,594 27,588 21,768 22,234 52,728 46,197 Pre-tax income, excluding provision for credit losses (non- GAAP) $ 341,098 $ 330,534 $ 329,811 $ 317,809 $ 289,322 $ 671,632 $ 566,340 Non-GAAP Reconciliation

 

ORGANIZATION NAME 30 Non-GAAP Reconciliation Three Months Ended Six Months Ended Reconciliation of non-GAAP Return on Average Tangible Common Equity ($ in Thousands): June 30, March 31, December 31, September 30, June 30, June 30, June 30, 2026 2026 2025 2025 2025 2026 2025 (N) Net income applicable to common shares $ 225,326 $ 219,021 $ 214,657 $ 188,913 $ 188,536 $ 444,347 $ 370,584 Add: Intangible asset amortization 4,921 4,958 4,999 5,196 5,580 9,879 11,198 Less: Tax effect of intangible asset amortization (1,304) (1,210) (1,310) (1,403) (1,495) (2,519) (2,923) After-tax intangible asset amortization $ 3,617 $ 3,748 $ 3,689 $ 3,793 $ 4,085 $ 7,360 $ 8,275 (O) Tangible net income applicable to common shares (non-GAAP) $ 228,943 $ 222,769 $ 218,346 $ 192,706 $ 192,621 $ 451,707 $ 378,859 Total average shareholders’ equity $ 7,474,449 $ 7,387,713 $ 7,166,608 $ 6,955,543 $ 6,862,040 $ 7,431,321 $ 6,662,598 Less: Average preferred stock (425,000) (425,000) (425,000) (483,288) (599,313) (425,000) (506,423) (P) Total average common shareholders’ equity $ 7,049,449 $ 6,962,713 $ 6,741,608 $ 6,472,255 $ 6,262,727 $ 7,006,321 $ 6,156,175 Less: Average intangible assets (889,059) (894,211) (901,022) (906,032) (910,924) (891,620) (913,483) (Q) Total average tangible common shareholders’ equity (non-GAAP) $ 6,160,390 $ 6,068,502 $ 5,840,586 $ 5,566,223 $ 5,351,803 $ 6,114,701 $ 5,242,692 Return on average common equity, annualized (N/P) 12.82 % 12.76 % 12.63 % 11.58 % 12.07 % 12.79 % 12.14 % Return on average tangible common equity, annualized (non-GAAP) (O/ Q) 14.91 % 14.89 % 14.83 % 13.74 % 14.44 % 14.90 % 14.57 % 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. 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.

 

ORGANIZATION NAME 31 Non-GAAP Reconciliation 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. 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. Three Months Ended Six Months Ended Reconciliation of Non-GAAP Net Income per Common Share: ($ in Thousands): June 30, March 31, December 31, September 30, June 30, June 30, June 30, 2026 2026 2025 2025 2025 2026 2025 Net income $ 233,693 $ 227,388 $ 223,024 $ 216,254 $ 195,527 $ 461,081 $ 384,566 Preferred stock dividends 8,367 8,367 8,367 13,295 6,991 16,734 13,982 Preferred stock redemption — — — 14,046 — — — (R) Net income applicable to common shares $ 225,326 $ 219,021 $ 214,657 $ 188,913 $ 188,536 $ 444,347 $ 370,584 (S) Weighted average common shares outstanding 67,434 67,246 66,970 66,952 66,931 67,341 66,829 Dilutive potential common shares 852 851 1,143 1,028 888 852 903 (T) Average common shares and dilutive common shares 68,286 68,097 68,113 67,980 67,819 68,193 67,732 Net income per common share - Basic (R/S) $3.34 $3.26 $3.21 $2.82 $2.82 $6.60 $5.55 Net income per common share - Diluted (R/T) $3.30 $3.22 $3.15 $2.78 $2.78 $6.52 $5.47 Preferred stock series F excess one-time extended first dividend $ — $ — $ — $ 4,927 $ — $ — $ — Preferred stock redemption — — — 14,046 — — — (U) Total non-recurring preferred stock offering impact (non-GAAP) $ — $ — $ — $ 18,973 $ — $ — $ — Net income per common share - Basic (non-GAAP) (R+U)/S $3.34 $3.26 $3.21 $3.11 $2.82 $6.60 $5.55 Net income per common share - Diluted (non-GAAP) (R+U)/T $3.30 $3.22 $3.15 $3.06 $2.78 $6.52 $5.47

 

ORGANIZATION NAME 32 Non-GAAP Reconciliation 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. 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. Three Months Ended Reconciliation of non-GAAP Tangible Common Equity ($'s and Shares in Thousands): June 30, March 31, December 31, September 30, June 30, 2026 2026 2025 2025 2025 Total shareholders’ equity (GAAP) $ 7,525,116 $ 7,378,100 $ 7,258,715 $ 7,045,757 $ 7,225,696 Less: Non-convertible preferred stock (GAAP) (425,000) (425,000) (425,000) (425,000) (837,500) Less: Acquisition-related intangible assets (GAAP) (885,338) (890,698) (895,959) (902,936) (908,639) (I) Total tangible common shareholders’ equity (non-GAAP) $ 6,214,778 $ 6,062,402 $ 5,937,756 $ 5,717,821 $ 5,479,557 (J) Total assets (GAAP) $ 74,668,135 $ 72,157,433 $ 71,142,046 $ 69,629,638 $ 68,983,318 Less: Acquisition-related intangible assets (GAAP) (885,338) (890,698) (895,959) (902,936) (908,639) (K) Total tangible assets (non-GAAP) $ 73,782,797 $ 71,266,735 $ 70,246,087 $ 68,726,702 $ 68,074,679 Common equity to assets ratio (GAAP) (L/J) 9.5 % 9.6 % 9.6 % 9.5 % 9.3 % Tangible common equity ratio (non-GAAP) (I/K) 8.4 % 8.5 % 8.5 % 8.3 % 8.0 % Reconciliation of non-GAAP Tangible Book Value per Common Share ($'s and Shares in Thousands): Total shareholders’ equity $ 7,525,116 $ 7,378,100 $ 7,258,715 $ 7,045,757 $ 7,225,696 Less: Non-convertible preferred stock (GAAP) (425,000) (425,000) (425,000) (425,000) (837,500) (L) Total common equity $ 7,100,116 $ 6,953,100 $ 6,833,715 $ 6,620,757 $ 6,388,196 (M) Actual common shares outstanding 67,455 67,437 66,975 66,961 66,938 Book value per common share (L/M) $105.26 $103.10 $102.03 $98.87 $95.43 Tangible book value per common share (non-GAAP) (I/M) $92.13 $89.90 $88.66 $85.39 $81.86

 

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