WTFCNMEDIUM SIGNALFINANCIAL10-K

WTFCN delivered strong financial performance with an 18.5% increase in net income driven by a dramatic $273.5M positive swing in credit provisions, shifting from $214.2M in losses to a $59.3M benefit.

The reversal from significant credit loss provisions to a credit benefit indicates either substantial improvement in asset quality or aggressive reserve releases, which warrants investor scrutiny regarding sustainability. The strong earnings growth combined with improved cash generation and higher dividend payments suggests robust operational performance, though the credit provision swing represents the primary driver of earnings improvement.

Comparing 2026-02-26 vs 2025-02-28View on EDGAR →
FINANCIAL ANALYSIS

WTFCN demonstrated strong financial momentum with net income growing 18.5% to $823.8M, primarily driven by a dramatic reversal in credit provisions from $214.2M in losses to a $59.3M benefit. Operating cash flow increased 26.2% to $910.3M while capital expenditures declined 41.9%, generating substantial free cash flow that supported an 18.2% increase in dividends and a 41.3% boost in cash reserves. The combination of improved profitability, stronger cash generation, and a 14.4% increase in stockholders' equity to $7.3B signals solid financial health, though the sustainability of the credit provision benefit will be key to maintaining this performance trajectory.

FINANCIAL STATEMENT CHANGES
Provision for Credit Losses
P&L
-127.7%
$214.2M→-$59.3M

Provisions reduced 127.7% — improving credit quality or reserve release boosting reported earnings.

Capital Expenditure
Cash Flow
-41.9%
$86.0M→$50.0M

Capex reduced 41.9% — investment cycle winding down or capital discipline; may improve near-term free cash flow.

Cash & Equivalents
Balance Sheet
+41.3%
$277.6M→$392.2M

Cash position surged 41.3% — strong cash generation or capital raise providing significant financial cushion.

Operating Cash Flow
Cash Flow
+26.2%
$721.6M→$910.3M

Operating cash flow grew 26.2% — strong conversion of earnings to cash, healthy business fundamentals.

Net Income
P&L
+18.5%
$695.0M→$823.8M

Net income grew 18.5% — bottom-line growth signals improving overall business health.

Dividends Paid
Cash Flow
+18.2%
$143.3M→$169.4M

Dividend payments increased 18.2% — management confidence in sustained cash generation.

Stockholders Equity
Balance Sheet
+14.4%
$6.3B→$7.3B

Equity base grew 14.4% — retained earnings accumulation or equity issuance strengthening the balance sheet.

LANGUAGE CHANGES
NEW — 2026-02-26
PRIOR — 2025-02-28
ADDED
As of February 24, 2026, the registrant had 67,270,487 shares of common stock outstanding.
( WPT ), Wintrust Investments, LLC ( Wintrust Investments ), Great Lakes Advisors, LLC ( Great Lakes Advisors or GLA ) and Chicago Deferred Exchange Company, LLC ( CDEC ).
As of December 31, 2025, we owned sixteen nationally chartered banks: Barrington Bank, Beverly Bank Trust Company, N.A.
( Hinsdale Bank ), Lake Forest Bank, Libertyville Bank Trust Company, N.A.
( Old Plank Trail Bank ), Schaumburg Bank Trust Company, N.A.
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REMOVED
As of February 26, 2025, the registrant had 66,707,801 shares of common stock outstanding.
( WPT ) (formerly known as The Chicago Trust Company), Wintrust Investments, LLC ( Wintrust Investments ), Great Lakes Advisors, LLC ( Great Lakes Advisors or GLA ) and Chicago Deferred Exchange Company, LLC ( CDEC ).
As of December 31, 2024, we owned sixteen nationally chartered banks: Lake Forest Bank, Barrington Bank, Wintrust Bank, N.A.
( State Bank of the Lakes ), Crystal Lake Bank Trust Company, N.A.
For the years ended December 31, 2024, 2023 and 2022, the community banking segment had net revenues of $1.8 billion, $1.7 billion and $1.5 billion, respectively, and net income of $458.7 million, $414.1 million and $349.3 million, respectively.
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