WTFCNMEDIUM SIGNALFINANCIAL10-K

WTFCN delivered solid financial performance with improved profitability and cash generation, while reducing capital expenditures and maintaining dividend growth.

The company demonstrated strong operational execution with meaningful growth in net income and operating cash flow, suggesting effective management of its banking operations. The substantial reduction in capital expenditures while maintaining growth indicates disciplined capital allocation, though investors should monitor whether this reflects temporary optimization or potential constraints on future expansion capacity.

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

WTFCN showed robust financial performance with net income growing 18.5% to $823.8 million and operating cash flow expanding 26.2% to $910.3 million, indicating strong underlying business momentum. The company maintained shareholder returns with dividends increasing 18.2% to $169.4 million while significantly reducing capital expenditures by 41.9% to $50.0 million. Balance sheet strength improved with cash and equivalents rising 41.3% to $392.2 million and stockholders' equity growing 14.4% to $7.3 billion, reflecting solid capital accumulation and financial stability.

FINANCIAL STATEMENT CHANGES
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.
These include Barrington Bank s Community Advantage program, which provides lending, deposit and treasury management services to condominium, homeowner and community associations; Hinsdale Bank s mortgage warehouse lending program, which provides loan and deposit services to mortgage brokerage companies; and Lake Forest Bank s franchise lending program, which provides lending to restaurant franchisees.
For the years ended December 31, 2025, 2024 and 2023, the community banking segment had net revenues of $2.1 billion, $1.8 billion and $1.7 billion, respectively, and net income of $576.7 million, $458.7 million and $414.1 million, respectively.
The community banking segment had total assets of $57.3 billion, $52.5 billion and $44.4 billion as of December 31, 2025, 2024 and 2023, respectively.
The community banking segment accounted for approximately 74.7% of our consolidated net revenues, excluding intersegment eliminations, for the year ended December 31, 2025.
Specialty Finance Through our specialty finance segment, we offer financing of insurance premiums for businesses and individuals; insurance banking services, which provides financing to insurance agents, brokers, insurance carriers and other insurance businesses; and accounts receivable financing, value-added, out-sourced administrative services; and other specialty finance businesses.
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.
The community banking segment had total assets of $52.5 billion, $44.4 billion and $41.4 billion as of December 31, 2024, 2023 and 2022, respectively.
The community banking segment accounted for approximately 72.9% of our consolidated net revenues, excluding intersegment eliminations, for the year ended December 31, 2024.
Specialty Finance Through our specialty finance segment, we offer financing of insurance premiums for businesses and individuals; accounts receivable financing, value-added, out-sourced administrative services; and other specialty finance businesses.
FIRST Insurance Funding or FIFC Canada evaluates each loan request according to its own underwriting criteria including the amount of the down payment on the insurance policy, the term of the loan, the credit quality of the insurance company providing the financed insurance policy, the interest rate, the borrower's previous payment history, if any, and other factors deemed appropriate.
Wintrust Life Finance finances life insurance policy premiums generally used for estate planning purposes of high net-worth borrowers.
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