ROSEMONT, Ill., July 20, 2026 (GLOBE NEWSWIRE) -- 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.

Graphs available at the following link: http://ml.globenewswire.com/Resource/Download/da851221-c088-4baf-a1ec-e1a8c39faf8c

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 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.

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.

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, 2026				Mar 31, 2026				Jun 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 – Diluted		3.30				3.22				2.78		2			19
Cash dividends declared per common share		0.55				0.55				0.50		—			10
Net revenue(3)		738,635				713,166				670,783		4			10
Net interest income		597,366				579,024				546,694		3			9
Net interest margin		3.50	%			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 assets		1.30				1.32				1.19		(2	)		11
Return on average common equity		12.82				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			$	68,983,318		14		%	8		%
Total loans(5)		55,654,947				54,071,292				51,041,679		12			9
Total deposits		61,141,275				58,914,382				55,816,811		15			10
Total shareholders’ equity		7,525,116				7,378,100				7,225,696		8			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.

WINTRUST FINANCIAL CORPORATION
Selected Financial Highlights

		Three Months Ended																			Six 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, 2026				Jun 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)			55,654,947				54,071,292				53,105,101				52,063,482				51,041,679
Total deposits			61,141,275				58,914,382				57,717,191				56,711,381				55,816,811
Total shareholders’ equity			7,525,116				7,378,100				7,258,715				7,045,757				7,225,696
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 income			233,693				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 – 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
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 assets			0.79				0.78				0.74				0.76				0.76			0.78				0.75
Non-interest expense to average assets			2.21				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 assets			1.30				1.32				1.27				1.26				1.19			1.31				1.19
Return on average common equity			12.82				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’ equity			7,474,449				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 share			105.26				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 outstanding			67,455,414				67,437,300				66,974,913				66,961,209				66,937,732
Other Data at end of period:
Common equity to assets ratio			9.5	%			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 loans			0.86	%			0.87	%			0.87	%			0.87	%			0.90	%
Number of:
Bank subsidiaries			16				16				16				16				16
Banking offices			210				209				209				208				208

(1) Excludes mortgage loans held-for-sale.
(2) Net revenue is net interest income plus non-interest income.
(3) SeeTable 18: Supplemental Non-GAAP Financial Measures/Ratios for additional information on this performance measure/ratio.
(4) The net overhead ratio is calculated by netting total non-interest expense and total non-interest income, annualizing this amount, and dividing by that period’s average total assets. A lower ratio indicates a higher degree of efficiency.
(5) Capital ratios for current quarter-end are estimated.
(6) The allowance for credit losses includes the allowance for loan losses, the allowance for unfunded lending-related commitments and the allowance for held-to-maturity securities losses.

WINTRUST FINANCIAL CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CONDITION

		(Unaudited)				(Unaudited)								(Unaudited)				(Unaudited)
		Jun 30,				Mar 31,				Dec 31,				Sep 30,				Jun 30,
(In thousands)			2026				2026				2025				2025				2025
Assets
Cash and due from banks		$	595,790			$	543,654			$	467,874			$	565,406			$	695,501
Federal funds sold and securities purchased under resale agreements			65				65				64				63				63
Interest-bearing deposits with banks			3,573,915				3,051,665				3,180,553				3,422,452				4,569,618
Available-for-sale securities, at fair value			7,587,545				7,244,282				6,236,263				5,274,124				4,885,715
Held-to-maturity securities, at amortized cost			3,196,452				3,270,207				3,343,905				3,438,406				3,502,186
Equity securities with readily determinable fair value			65,815				63,786				63,770				63,445				273,722
Federal Home Loan Bank and Federal Reserve Bank stock			294,629				292,044				291,881				282,755				282,087
Mortgage loans held-for-sale, at fair value			407,495				383,405				340,745				333,883				299,606
Loans, net of unearned income			55,654,947				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 loans			55,251,995				53,680,641				52,725,818				51,676,860				50,650,025
Premises, software and equipment, net			778,958				777,603				781,611				775,425				776,324
Lease investments, net			363,664				362,766				360,646				301,000				289,768
Accrued interest receivable and other assets			1,666,474				1,596,617				1,617,682				1,614,674				1,610,025
Receivable on unsettled securities sales			—				—				835,275				978,209				240,039
Goodwill			797,219				797,658				797,960				797,639				798,144
Other acquisition-related intangible assets			88,119				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-bearing			49,344,539				46,801,491				46,293,490				45,759,235				44,939,645
Total deposits			61,141,275				58,914,382				57,717,191				56,711,381				55,816,811
Federal Home Loan Bank advances			3,450,680				3,451,309				3,451,309				3,151,309				3,151,309
Other borrowings			370,736				340,647				477,966				579,328				625,392
Subordinated notes			298,820				298,717				298,636				298,536				298,458
Junior subordinated debentures			253,566				253,566				253,566				253,566				253,566
Payable on unsettled securities purchases			—				—				—				—				39,105
Accrued interest payable and other liabilities			1,627,942				1,520,712				1,684,663				1,589,761				1,572,981
Total liabilities			67,143,019				64,779,333				63,883,331				62,583,881				61,757,622
Shareholders’ Equity:
Preferred stock			425,000				425,000				425,000				425,000				837,500
Common stock			67,581				67,563				67,062				67,042				67,025
Surplus			2,560,427				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 earnings			4,907,788				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’ equity			7,525,116				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

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

	Three Months Ended																Six 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, 2026			Jun 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-sale		6,169			4,615				5,607				4,757			4,872		10,784			9,118
Interest-bearing deposits with banks		20,916			19,150				27,190				34,992			34,317		40,066			71,083
Federal funds sold and securities purchased under resale agreements		5			64				77				75			276		69			455
Investment securities		105,716			100,278				95,461				86,426			78,053		205,994			150,069
Trading account securities		—			—				—				—			—		—			11
Federal Home Loan Bank and Federal Reserve Bank stock		5,625			5,564				5,497				5,444			5,393		11,189			10,700
Brokerage customer receivables		—			—				—				—			—		—			78
Total interest income		961,412			927,560				956,326				963,834			920,908		1,888,972			1,807,873
Interest expense
Interest on deposits		325,033			309,187				332,178				355,846			333,470		634,220			653,703
Interest on Federal Home Loan Bank advances		28,218			27,701				26,408				26,007			25,724		55,919			51,165
Interest on other borrowings		3,121			4,026				5,956				6,887			6,957		7,147			13,749
Interest on subordinated notes		3,739			3,719				3,737				3,717			3,735		7,458			7,449
Interest on junior subordinated debentures		3,935			3,903				4,173				4,367			4,328		7,838			8,639
Total interest expense		364,046			348,536				372,452				396,824			374,214		712,582			734,705
Net interest income		597,366			579,024				583,874				567,010			546,694		1,176,390			1,073,168
Provision for credit losses		23,134			29,594				27,588				21,768			22,234		52,728			46,197
Net interest income after provision for credit losses		574,232			549,430				556,286				545,242			524,460		1,123,662			1,026,971
Non-interest income
Wealth management		39,883			42,059				39,365				37,188			36,821		81,942			70,863
Mortgage banking		27,438			23,396				22,625				24,451			23,170		50,834			43,699
Service charges on deposit accounts		21,240			20,970				20,402				19,825			19,502		42,210			38,864
Gains (losses) on investment securities, net		1,845			(31	)			1,505				2,972			650		1,814			3,846
Fees from covered call options		4,793			4,669				5,992				5,619			5,624		9,462			9,070
Trading gains (losses), net		70			10				(257	)			172			151		80			87
Operating lease income, net		18,804			19,154				16,365				15,466			15,166		37,958			30,453
Other		27,196			23,915				24,393				25,134			23,005		51,111			43,841
Total non-interest income		141,269			134,142				130,390				130,827			124,089		275,411			240,723
Non-interest expense
Salaries and employee benefits		234,089			228,447				222,557				219,668			219,541		462,536			431,067
Software and equipment		39,288			35,654				36,096				35,027			36,522		74,942			71,239
Operating lease equipment		11,187			10,987				11,034				10,409			10,757		22,174			21,228
Occupancy, net		21,153			20,566				20,105				20,809			20,228		41,719			41,006
Data processing		10,659			11,266				11,809				11,329			12,110		21,925			23,384
Advertising and marketing		20,432			13,218				13,792				19,027			18,761		33,650			31,033
Professional fees		9,342			7,375				8,280				7,465			9,243		16,717			18,287
Amortization of other acquisition-related intangible assets		4,921			4,958				4,999				5,196			5,580		9,879			11,198
FDIC insurance		6,640			10,990				10,562				11,418			10,971		17,630			21,897
Other real estate owned (“OREO”) expenses, net		786			207				2,162				262			505		993			1,148
Other		39,040			38,964				43,057				39,418			37,243		78,004			76,064
Total non-interest expense		397,537			382,632				384,453				380,028			381,461		780,169			747,551
Income before taxes		317,964			300,940				302,223				296,041			267,088		618,904			520,143
Income tax expense		84,271			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 dividends		8,367			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 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
Average common shares and dilutive common shares		68,286			68,097				68,113				67,980			67,819		68,193			67,732

TABLE 1: LOAN PORTFOLIO MIX AND GROWTH RATES

															% Growth From(1)
(Dollars in thousands)	Jun 30, 2026			Mar 31, 2026			Dec 31, 2025			Sep 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 agencies		142,292			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 lending		1,628,319			1,558,089			1,512,888			1,588,522			1,663,693	18		(2	)
Municipal		866,012			839,633			868,958			804,986			771,785	13		12
Leases		3,114,901			3,002,014			2,921,366			2,834,563			2,757,331	15		13
Commercial real estate
Residential construction		52,590			53,097			54,753			60,923			59,027	(4	)	(11	)
Commercial construction		2,294,566			1,959,375			2,013,244			2,273,545			2,165,263	69		6
Land		308,509			311,470			341,585			323,685			304,827	(4	)	1
Office		1,607,275			1,652,482			1,688,614			1,578,208			1,601,208	(11	)	—
Industrial		3,405,641			3,323,977			3,167,768			2,912,547			2,824,889	10		21
Retail		1,475,949			1,469,658			1,436,252			1,478,861			1,452,351	2		2
Multi-family		3,299,607			3,565,419			3,445,507			3,306,597			3,200,578	(30	)	3
Mixed use and other		1,826,470			1,826,808			1,793,013			1,684,841			1,683,867	(0	)	8
Home equity		491,782			471,264			480,525			484,202			466,815	17		5
Residential real estate
Residential real estate loans for investment		4,411,357			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 agencies		76,334			83,036			84,706			75,088			80,800	(32	)	(6	)
Residential mortgage loans, early buy-out exercised loans guaranteed by U.S. government agencies		55,001			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 credit		1,897,762			1,800,972			1,515,003			1,204,661			1,232,530	22		54
Community Advantage - homeowners association		516,782			526,274			532,027			537,696			526,595	(7	)	(2	)
Insurance agency lending		1,153,975			1,122,361			1,128,446			1,140,691			1,120,985	11		3
Premium Finance receivables
U.S. property & casualty insurance		7,744,361			7,127,234			7,308,054			7,502,901			7,378,340	35		5
Canada property & casualty insurance		867,662			763,097			875,362			863,391			944,836	55		(8	)
Life insurance		9,312,521			9,196,382			9,023,642			8,758,553			8,506,960	5		9
Consumer and other		144,011			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.

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 deposits		6,742,269				5,987,258				6,233,753				6,710,919				6,795,725		51			(1	)
Wealth management deposits(2)		1,349,949				1,670,620				1,907,647				1,600,735				1,595,764		(77	)		(15	)
Money market		23,083,225				21,714,267				21,368,924				20,270,382				19,556,041		25			18
Savings		6,597,516				6,942,565				6,905,216				6,758,743				6,659,419		(20	)		(1	)
Time certificates of deposit		11,571,580				10,486,781				9,877,950				10,418,456				10,332,696		41			12
Total deposits	$	61,141,275			$	58,914,382			$	57,717,191			$	56,711,381			$	55,816,811		15	%		10	%
Mix:
Non-interest-bearing		19	%			20	%			20	%			19	%			19	%
NOW and interest-bearing demand deposits		11				10				11				12				12
Wealth management deposits(2)		2				3				3				3				3
Money market		38				37				37				36				35
Savings		11				12				12				12				12
Time certificates of deposit		19				18				17				18				19
Total deposits		100	%			100	%			100	%			100	%			100	%

(1) Annualized.
(2) Represents deposit balances of the Company’s subsidiary banks from brokerage customers of Wintrust Investments, Chicago Deferred Exchange Company, LLC (“CDEC”), and trust and asset management customers of the Company.

TABLE 3: TIME CERTIFICATES OF DEPOSIT MATURITY/RE-PRICING ANALYSIS
As of 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 months			3,389,412		3.49
7-9 months			1,458,932		3.43
10-12 months			604,775		3.38
13-18 months			413,060		3.50
19-24 months			72,439		2.84
24+ months			84,184		2.61
Total		$	11,571,580		3.51	%

TABLE 4: QUARTERLY AVERAGE BALANCES

		Average Balance for three months ended,
		Jun 30,				Mar 31,				Dec 31,				Sep 30,				Jun 30,
(In thousands)			2026				2026				2025				2025				2025
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-sale			402,175				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 banks			519,586				534,189				517,616				495,292				478,707
Other assets			3,617,292				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 deposits			1,485,347				1,858,560				1,925,808				1,604,142				1,552,989
Money market accounts			22,000,942				21,156,125				20,475,659				19,431,021				18,184,754
Savings accounts			6,707,916				6,921,251				6,814,263				6,723,325				6,578,698
Time deposits			10,938,312				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 borrowings			358,511				442,200				547,507				614,892				593,657
Subordinated notes			298,757				298,661				298,576				298,481				298,398
Junior subordinated debentures			253,566				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 deposits			11,273,344				10,963,887				11,080,254				10,791,709				10,643,798
Other liabilities			1,466,386				1,492,518				1,548,075				1,472,036				1,456,383
Equity			7,474,449				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.

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)			2026				2026				2025				2025				2025
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 securities			106,346				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-sale			6,169				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 deposits			6,823				8,941				10,011				8,415				8,182
Money market accounts			165,035				155,299				163,585				169,831				155,890
Savings accounts			25,729				30,672				34,371				38,844				37,637
Time deposits			95,128				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 borrowings			3,121				4,026				5,956				6,887				6,957
Subordinated notes			3,739				3,719				3,737				3,717				3,735
Junior subordinated debentures			3,935				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 adjustment			2,741				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) SeeTable 18: Supplemental Non-GAAP Financial Measures/Ratios for additional information on this performance measure/ratio.

TABLE 6: QUARTERLY NET INTEREST MARGIN

		Net Interest Margin for three months ended,
		Jun 30, 2026			Mar 31, 2026			Dec 31, 2025			Sep 30, 2025			Jun 30, 2025
Yield earned on:
Interest-bearing deposits with banks, securities purchased under resale agreements and cash equivalents		3.48	%		3.47	%		3.81	%		4.25	%		4.19	%
Investment securities		3.94			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 assets		3.94	%		3.87	%		3.87	%		3.91	%		3.84	%
Mortgage loans held-for-sale		6.15			5.90			6.22			6.39			6.29
Loans, net of unearned income		6.07			6.14			6.27			6.44			6.48
Total earning assets		5.65	%		5.69	%		5.79	%		5.93	%		5.96	%
Rate paid on:
NOW and interest-bearing demand deposits		2.01	%		1.98	%		2.05	%		2.40	%		2.34	%
Wealth management deposits		1.84			1.95			2.06			2.08			2.11
Money market accounts		3.01			2.98			3.17			3.47			3.44
Savings accounts		1.54			1.80			2.00			2.29			2.29
Time deposits		3.49			3.51			3.65			3.78			3.84
Interest-bearing deposits		2.74	%		2.74	%		2.90	%		3.15	%		3.14	%
FHLB advances		3.28			3.26			3.27			3.27			3.27
Other borrowings		3.49			3.69			4.32			4.44			4.70
Subordinated notes		5.02			5.05			4.97			4.94			5.02
Junior subordinated debentures		6.22			6.24			6.53			6.83			6.85
Total interest-bearing liabilities		2.81	%		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 adjustment		0.02			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) SeeTable 18: Supplemental Non-GAAP Financial Measures/Ratios for additional information on this performance measure/ratio.
(4) Net free funds are the difference between total average earning assets and total average interest-bearing liabilities. The estimated contribution to net interest margin from net free funds is calculated using the rate paid for total interest-bearing liabilities.

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

	Average Balance for six months ended,							Interest for six months ended,							Yield/Rate for six months ended,
(Dollars in thousands)	Jun 30, 2026				Jun 30, 2025			Jun 30, 2026				Jun 30, 2025			Jun 30, 2026			Jun 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-sale		359,846				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 banks		526,847				477,571
Other assets		3,622,786				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 deposits		1,670,923				1,563,675			15,764				16,788		1.90			2.17
Money market accounts		21,580,867				17,884,615			320,334				302,264		2.99			3.41
Savings accounts		6,813,994				6,529,345			56,401				73,560		1.67			2.27
Time deposits		10,363,406				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 borrowings		400,124				587,930			7,147				13,749		3.60			4.72
Subordinated notes		298,709				298,353			7,458				7,449		5.04			5.04
Junior subordinated debentures		253,566				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 deposits		11,119,470				10,687,733
Other liabilities		1,479,380				1,498,578
Equity		7,431,321				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 adjustment									5,353				5,779		0.02			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) SeeTable 18: Supplemental Non-GAAP Financial Measures/Ratios for additional information on this performance measure/ratio.
(6) Other earning assets include brokerage customer receivables and trading account securities.
(7) Loans, net of unearned income, include non-accrual loans.
(8) Interest rate spread is the difference between the yield earned on earning assets and the rate paid on interest-bearing liabilities.
(9) Net free funds are the difference between total average earning assets and total average interest-bearing liabilities. The estimated contribution to net interest margin from net free funds is calculated using the rate paid for total interest-bearing liabilities.

TABLE 8: INTEREST RATE SENSITIVITY

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

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

Static Shock Scenario		+200 Basis Points			+100 Basis Points			-100 Basis Points			-200 Basis Points
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, 2025		0.0			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.

TABLE 9: MATURITIES AND SENSITIVITIES TO CHANGES IN INTEREST RATES

	Loans repricing or contractual maturity period
As of June 30, 2026	One year or less				From one to five years			From five to fifteen years			After fifteen years			Total
(In thousands)
Commercial
Fixed rate	$	615,590			$	4,170,452		$	2,191,702		$	53,448		$	7,031,192
Variable rate		11,248,473				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 rate		10,262,509				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 rate		481,865				—			—			—			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 rate		133,698				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 rate		9,207,209				—			—			—			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 rate		86,686				—			—			—			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 rate		31,420,440				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
Prime															3,125,303
Fed Funds															546,049
Other U.S. Treasury tenors															130,340
Other															104,898
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.

Graph available at the following link: http://ml.globenewswire.com/Resource/Download/3c540cd1-ff96-4980-bba0-73e86ea12545

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 CMT			Prime
Second Quarter 2026		(1	)	bps	30		bps	—		bps
First Quarter 2026		(3	)		20			—
Fourth Quarter 2025		(44	)		(20	)		(50	)
Third Quarter 2025		(19	)		(28	)		(25	)
Second Quarter 2025		—			(7	)		—

TABLE 10: ALLOWANCE FOR CREDIT LOSSES

		Three Months Ended																			Six Months Ended
		Jun 30,				Mar 31,				Dec 31,				Sep 30,				Jun 30,			Jun 30,				Jun 30,
(Dollars in thousands)			2026				2026				2025				2025				2025			2026				2025
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 losses			23,134				29,594				27,588				21,768				22,234			52,728				46,197
Other adjustments			(90	)			(50	)			71				(88	)			180			(140	)			184
Charge-offs:
Commercial			10,837				8,428				12,894				21,597				6,148			19,265				15,870
Commercial real estate			707				7,260				5,625				144				5,711			7,967				6,165
Home equity			—				—				—				27				111			—				111
Residential real estate			163				350				—				26				—			513				—
Premium finance receivables - property & casualty			5,403				7,431				8,354				6,860				6,346			12,834				13,460
Premium finance receivables - life insurance			—				—				—				18				—			—				12
Consumer and other			172				180				203				174				179			352				326
Total charge-offs			17,282				23,649				27,076				28,846				18,495			40,931				35,944
Recoveries:
Commercial			1,710				1,419				956				1,449				1,746			3,129				2,675
Commercial real estate			5				6				4				241				10			11				22
Home equity			16				303				28				104				30			319				246
Residential real estate			1				1				1				1				2			2				138
Premium finance receivables - property & casualty			2,076				3,437				4,275				2,459				3,335			5,513				6,822
Premium finance receivables - life insurance			—				—				—				—				—			—				—
Consumer and other			28				65				32				37				32			93				61
Total recoveries			3,836				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:
Commercial			0.20	%			0.17	%			0.29	%			0.49	%			0.11	%		0.19	%			0.17	%
Commercial real estate			0.02				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 estate			0.01				0.03				(0.00	)			0.00				(0.00	)		0.02				(0.01	)
Premium finance receivables - property & casualty			0.16				0.20				0.20				0.20				0.16			0.18				0.18
Premium finance receivables - life insurance			—				—				—				0.00				—			—				0.00
Consumer and other			0.42				0.35				0.47				0.40				0.44			0.38				0.44
Total loans, net of unearned income			0.10	%			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 end			0.72	%			0.72	%			0.71	%			0.74	%			0.77	%
Allowance for loan and unfunded lending-related commitment losses as a percentage of loans at period end			0.86				0.87				0.87				0.87				0.90

PCD - Purchase Credit Deteriorated

TABLE 11: ALLOWANCE AND PROVISION FOR CREDIT LOSSES BY COMPONENT

		Three Months Ended																			Six Months Ended
		Jun 30,				Mar 31,				Dec 31,				Sep 30,				Jun 30,			Jun 30,				Jun 30,
(In thousands)			2026				2026				2025				2025				2025			2026				2025
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 losses			78,017				80,683				80,922				67,569				65,409
Allowance for loan losses and unfunded lending-related commitments losses			480,969				471,334				460,205				454,191				457,063
Allowance for held-to-maturity securities losses			220				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, 2026								As of Mar 31, 2026								As 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 development		2,655,665			67,343		2.54			2,323,942			74,092		3.19			2,409,582			93,106		3.86
Non-construction		11,614,942			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 equity		491,782			10,004		2.03			471,264			10,213		2.17			480,525			10,402		2.16
Residential real estate		4,542,692			13,257		0.29			4,465,166			13,081		0.29			4,317,232			12,519		0.29
Premium finance receivables - property & casualty		8,612,023			11,142		0.13			7,890,331			10,591		0.13			8,183,416			10,226		0.12
Premium finance receivables - life insurance		9,312,521			810		0.01			9,196,382			800		0.01			9,023,642			785		0.01
Consumer and other		144,011			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) SeeTable 1for additional detail on core and niche loans.

TABLE 13: LOAN PORTFOLIO AGING

(In thousands)		Jun 30, 2026			Mar 31, 2026			Dec 31, 2025			Sep 30, 2025			Jun 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 due			14,851			9,996			22,952			12,190			34,855
30-59 days past due			38,292			90,389			90,205			36,136			45,103
Current			18,137,526			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 due			14,879			17,133			19,529			14,119			11,257
30-59 days past due			60,451			54,143			65,601			83,055			51,173
Current			14,178,057			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 due			690			463			1,112			246			138
30-59 days past due			878			2,012			2,818			2,294			2,971
Current			489,037			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
Nonaccrual			25,910			27,360			32,862			28,942			28,047
90+ days and still accruing			—			—			—			—			—
60-89 days past due			3,310			129			7,562			8,829			8,954
30-59 days past due			—			30,854			24,908			95			38
Current			4,382,137			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 accruing			16,003			15,823			19,115			13,006			14,350
60-89 days past due			18,198			16,188			29,294			23,527			25,641
30-59 days past due			25,864			47,936			57,685			38,133			29,460
Current			8,523,897			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 due			2,908			22,690			13,887			34,016			11,202
30-59 days past due			8,606			58,760			22,806			34,506			34,403
Current			9,301,007			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 accruing			145			10			42			60			184
60-89 days past due			195			130			466			49			61
30-59 days past due			1,253			230			643			159			175
Current			142,305			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
Nonaccrual			163,123			166,916			166,651			149,566			173,977
90+ days and still accruing			16,148			15,833			19,157			13,066			14,861
60-89 days past due			55,031			66,729			94,802			92,976			92,108
30-59 days past due			135,344			284,324			264,666			194,378			163,323
Current			55,153,966			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.

TABLE 14: NON-PERFORMING ASSETS ⁽¹⁾

	Jun 30,				Mar 31,				Dec 31,				Sep 30,				Jun 30,
(Dollars in thousands)		2026				2026				2025				2025				2025
Loans past due greater than 90 days and still accruing:
Commercial	$	—			$	—			$	—			$	—			$	—
Commercial real estate		—				—				—				—				—
Home equity		—				—				—				—				—
Residential real estate		—				—				—				—				—
Premium finance receivables - property & casualty		16,003				15,823				19,115				13,006				14,350
Premium finance receivables - life insurance		—				—				—				—				327
Consumer and other		145				10				42				60				184
Total loans past due greater than 90 days and still accruing		16,148				15,833				19,157				13,066				14,861
Non-accrual loans:
Commercial		90,642				87,750				78,059				66,577				80,877
Commercial real estate		17,220				16,757				25,147				28,202				32,828
Home equity		1,177				1,142				1,221				1,295				1,780
Residential real estate		25,910				27,360				32,862				28,942				28,047
Premium finance receivables - property & casualty		28,061				33,891				29,354				24,512				30,404
Premium finance receivables - life insurance		—				—				—				—				—
Consumer and other		113				16				8				38				41
Total non-accrual loans		163,123				166,916				166,651				149,566				173,977
Total non-performing loans:
Commercial		90,642				87,750				78,059				66,577				80,877
Commercial real estate		17,220				16,757				25,147				28,202				32,828
Home equity		1,177				1,142				1,221				1,295				1,780
Residential real estate		25,910				27,360				32,862				28,942				28,047
Premium finance receivables - property & casualty		44,064				49,714				48,469				37,518				44,754
Premium finance receivables - life insurance		—				—				—				—				327
Consumer and other		258				26				50				98				225
Total non-performing loans	$	179,271			$	182,749			$	185,808			$	162,632			$	188,838
Other real estate owned		15,940				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:
Commercial		0.50	%			0.49	%			0.46	%			0.40	%			0.49	%
Commercial real estate		0.12				0.12				0.18				0.21				0.25
Home equity		0.24				0.24				0.25				0.27				0.38
Residential real estate		0.57				0.61				0.76				0.70				0.71
Premium finance receivables - property & casualty		0.51				0.63				0.59				0.45				0.54
Premium finance receivables - life insurance		—				—				—				—				0.00
Consumer and other		0.18				0.02				0.04				0.07				0.19
Total loans, net of unearned income		0.32	%			0.34	%			0.35	%			0.31	%			0.37	%
Total non-performing assets as a percentage of total assets		0.26	%			0.28	%			0.29	%			0.27	%			0.31	%
Allowance for loan losses and unfunded lending-related commitments losses as a percentage of non-accrual loans		294.85	%			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.

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

	Three Months Ended																			Six Months Ended
	Jun 30,				Mar 31,				Dec 31,				Sep 30,				Jun 30,			Jun 30,				Jun 30,
(In thousands)		2026				2026				2025				2025				2025			2026				2025
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 period		31,070				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)		2026				2026				2025			2025				2025
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:		2026				2026				2025				2025			2025
Residential real estate	$	—			$	—			$	—			$	—		$	—
Commercial real estate		15,940				17,439				20,839				24,832			23,615
Total	$	15,940			$	17,439			$	20,839			$	24,832		$	23,615

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)		2026				2026				2025				2025				2025	$ Change				% Change		$ Change				% Change
Brokerage	$	4,985			$	5,301			$	5,384			$	4,426			$	4,212	$	(316	)		(6	)%	$	773			18	%
Trust and asset management		34,898				36,758				33,981				32,762				32,609		(1,860	)		(5	)		2,289			7
Total wealth management		39,883				42,059				39,365				37,188				36,821		(2,176	)		(5	)		3,062			8
Mortgage banking		27,438				23,396				22,625				24,451				23,170		4,042			17			4,268			18
Service charges on deposit accounts		21,240				20,970				20,402				19,825				19,502		270			1			1,738			9
Gains (losses) on investment securities, net		1,845				(31	)			1,505				2,972				650		1,876			NM			1,195			NM
Fees from covered call options		4,793				4,669				5,992				5,619				5,624		124			3			(831	)		(15	)
Trading gains (losses), net		70				10				(257	)			172				151		60			NM			(81	)		(54	)
Operating lease income, net		18,804				19,154				16,365				15,466				15,166		(350	)		(2	)		3,638			24
Other:
Interest rate swap fees		3,117				4,041				4,664				3,909				3,010		(924	)		(23	)		107			4
BOLI		3,216				948				1,915				1,591				2,257		2,268			NM			959			42
Administrative services		1,341				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 leases		1,054				1,198				581				519				400		(144	)		(12	)		654			NM
Miscellaneous		18,588				17,140				17,261				16,839				15,193		1,448			8			3,395			22
Total Other		27,196				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)		2026				2025	$ Change				% Change
Brokerage	$	10,286			$	8,969	$	1,317			15	%
Trust and asset management		71,656				61,894		9,762			16
Total wealth management		81,942				70,863		11,079			16
Mortgage banking		50,834				43,699		7,135			16
Service charges on deposit accounts		42,210				38,864		3,346			9
Gains on investment securities, net		1,814				3,846		(2,032	)		(53	)
Fees from covered call options		9,462				9,070		392			4
Trading gains, net		80				87		(7	)		(8	)
Operating lease income, net		37,958				30,453		7,505			25
Other:
Interest rate swap fees		7,158				5,279		1,879			36
BOLI		4,164				3,053		1,111			36
Administrative services		2,584				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 leases		2,252				1,168		1,084			93
Miscellaneous		35,728				30,603		5,125			17
Total Other		51,111				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.

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 originations		174,644				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 investment		315,487				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 originations		79	%			74	%			74	%			79	%			77	%
Veterans First originations		21				26				26				21				23
Purchases		74	%			52	%			52	%			77	%			74	%
Refinances		26				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)		201,903				195,276				195,023				190,938				193,061
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 capitalization		8,745				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 assumptions		4,381				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 capitalization		8,745				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 Income		10,724				10,353				10,185				10,112				10,520
Other Revenue		72				(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-sale		261				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.

	Six Months Ended
(Dollars in thousands)	Jun 30, 2026				Jun 30, 2025
Originations:
Retail originations	$	1,102,074			$	872,227
Veterans First originations		326,888				269,772
Total originations for sale (A)	$	1,428,962			$	1,141,999
Originations for investment		687,027				640,103
Total originations	$	2,115,989			$	1,782,102
As a percentage of originations for sale:
Retail originations		77	%			76	%
Veterans First originations		23				24
Purchases		65	%			75	%
Refinances		35				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)		201,903				193,061
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 capitalization		15,179				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 assumptions		4,841				(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 capitalization		15,179				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 Income		21,077				21,131
Other Revenue		27				(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-sale		968				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.

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)		2026				2026			2025				2025			2025	$ 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 compensation		62,463				57,407			57,117				56,244			55,871		5,056			9			6,592			12
Benefits		41,751				41,954			40,584				38,801			40,496		(203	)		—			1,255			3
Total salaries and employee benefits		234,089				228,447			222,557				219,668			219,541		5,642			2			14,548			7
Software and equipment		39,288				35,654			36,096				35,027			36,522		3,634			10			2,766			8
Operating lease equipment		11,187				10,987			11,034				10,409			10,757		200			2			430			4
Occupancy, net		21,153				20,566			20,105				20,809			20,228		587			3			925			5
Data processing		10,659				11,266			11,809				11,329			12,110		(607	)		(5	)		(1,451	)		(12	)
Advertising and marketing		20,432				13,218			13,792				19,027			18,761		7,214			55			1,671			9
Professional fees		9,342				7,375			8,280				7,465			9,243		1,967			27			99			1
Amortization of other acquisition-related intangible assets		4,921				4,958			4,999				5,196			5,580		(37	)		(1	)		(659	)		(12	)
FDIC insurance		11,796				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, net		786				207			2,162				262			505		579			NM			281			56
Other:
Lending expenses, net of deferred origination costs		6,165				6,510			6,367				6,169			4,869		(345	)		(5	)		1,296			27
Travel and entertainment		6,938				5,426			7,965				6,029			6,026		1,512			28			912			15
Miscellaneous		25,937				27,028			28,725				27,220			26,348		(1,091	)		(4	)		(411	)		(2	)
Total other		39,040				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)		2026				2025	$ Change				% Change
Salaries and employee benefits:
Salaries	$	258,961			$	247,091	$	11,870			5	%
Commissions and incentive compensation		119,870				108,407		11,463			11
Benefits		83,705				75,569		8,136			11
Total salaries and employee benefits		462,536				431,067		31,469			7
Software and equipment		74,942				71,239		3,703			5
Operating lease equipment		22,174				21,228		946			4
Occupancy, net		41,719				41,006		713			2
Data processing		21,925				23,384		(1,459	)		(6	)
Advertising and marketing		33,650				31,033		2,617			8
Professional fees		16,717				18,287		(1,570	)		(9	)
Amortization of other acquisition-related intangible assets		9,879				11,198		(1,319	)		(12	)
FDIC insurance		22,786				21,897		889			4
FDIC insurance - special assessment		(5,156	)			—		(5,156	)		(100	)
OREO expense, net		993				1,148		(155	)		(14	)
Other:
Lending expenses, net of deferred origination costs		12,675				10,735		1,940			18
Travel and entertainment		12,364				11,296		1,068			9
Miscellaneous		52,965				54,033		(1,068	)		(2	)
Total other		78,004				76,064		1,940			3
Total Non-Interest Expense	$	780,169			$	747,551	$	32,618			4	%

NM - Not meaningful.

TABLE 18: SUPPLEMENTAL NON-GAAP FINANCIAL MEASURES/RATIOS

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

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

	Three Months Ended																			Six Months Ended
	Jun 30,				Mar 31,				Dec 31,				Sep 30,				Jun 30,			Jun 30,				Jun 30,
(Dollars and shares in thousands)		2026				2026				2025				2025				2025			2026				2025
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 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
	Three Months Ended																			Six Months Ended
	Jun 30,				Mar 31,				Dec 31,				Sep 30,				Jun 30,			Jun 30,				Jun 30,
(Dollars and shares in thousands)		2026				2026				2025				2025				2025			2026				2025
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 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
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 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

	Three Months Ended														Six 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)	2026			2026			2025			2025			2025		2026			2025
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 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

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

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

CONFERENCE CALL, WEBCAST AND REPLAY

The Company will hold a conference call on Tuesday, 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.

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