Wintrust Financial (WTFC) investor relations material

Executive summary

• Q3 2026 net income reached a record $239.1M, or $3.37 diluted EPS, extending the record streak to seven consecutive quarters.

• Loans and deposits each grew 8% annualized QoQ; stable margins and core business growth supported results.

• Nine-month net income was a record $700.1M, up 17% YoY; total assets reached $76.0B at September 30, up 9% YoY.

Financial highlights

• Q3 net interest income was a record $621.6M, up $24.2M QoQ and 10% YoY, primarily reflecting a $2.1B increase in average earning assets.

• Q3 revenue was $757.9M, up 9% YoY; pre-tax income excluding provision for credit losses reached a quarterly record of $352.2M.

• Noninterest income was $136.3M, down from $141.3M QoQ; lower mortgage banking revenue and a swing in securities gains and losses contributed.

• Noninterest expense was $405.7M, up $8.1M QoQ; excluding Q2's $5.2M FDIC expense reversal, the increase was $2.9M.

• Q3 provision for credit losses was $25.9M, versus $21.8M a year earlier; nine-month provision was $78.6M.

Outlook and guidance

• Q4 loan and deposit growth expected in the mid-to-high single digits; NIM outlook remains stable at plus or minus 3.5%.

• Q4 expenses expected to remain fairly consistent with Q3; annual expense growth expected in the mid-single digits alongside mid-to-high single-digit loan growth, absent acquisitions or a major mortgage recovery.

• Solid commercial and CRE loan pipelines are expected to support Q4 growth; management expects further revenue growth and positive operating leverage.

• Q4 mortgage revenue expected near $20M, plus or minus, with servicing contributing $10M-$11M amid seasonal weakness and higher rates.

• Rising rates could modestly support NIM if deposit costs lag; management expects loan yields and deposit costs to move broadly in concert.