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News Release FOR IMMEDIATE RELEASE FOR MORE INFORMATION CONTACT : Edward J. Wehmer , Founder & Chief Executive Officer David A. Dykstra , Vice Chairman & Chief Operating Officer ( 847 ) 939-9000 Web site address : www.wintrust.com Wintrust Financial Corporation 9700 W. Higgins Road , Suite 800 , Rosemont , Illinois 60018 ● Exhibit 99.1 Wintrust Financial Corporation Reports Second Quarter 2021 Net Income of $ 105.1 million and Year - To - Date Net Income of $ 258.3 million ROSEMONT , ILLINOIS Wintrust Financial Corporation ( " Wintrust " , " the Company " , " we " or " our " ) ( Nasdaq : WTFC ) announced net income of $ 105.1 million or $ 1.70 per diluted common share for the second quarter of 2021 , a decrease in diluted earnings per common share of 33 % compared to the first quarter of 2021 and an increase of 400 % compared to the second quarter of 2020. The Company recorded net income of $ 258.3 million or $ 4.24 per diluted common share for the first six months of 2021 compared to net income of $ 84.5 million or $ 1.38 per diluted common share for the same period of 2020 . July 19 , 2021 Highlights of the Second Quarter of 2021 : Comparative information to the first quarter of 2021 Total loans , excluding Paycheck Protection Program ( " PPP " ) loans , increased by $ 1.2 billion or 15 % , on an annualized basis . O O Core loans increased by $ 497 million and niche loans increased by $ 657 million primarily due to growth in the commercial insurance premium finance receivable portfolio . See Table 1 for more information . PPP loans declined by $ 1.4 billion in the second quarter of 2021 primarily as a result of processing forgiveness payments on PPP loan balances originated in 2020. As of June 30 , 2021 , approximately 81 % of PPP loan balances originated in 2020 have been forgiven , approximately 12 % of balances are in the forgiveness review or submission process , and approximately 7 % of balances have not applied for forgiveness . Total assets increased by $ 1.1 billion . Total deposits increased by $ 932 million , including a $ 499 million increase in non - interest bearing deposits . Net interest income increased by $ 17.7 million primarily due to earning asset growth and increased PPP loan fee accretion . In the second quarter of 2021 , average loans and average investment securities increased by $ 642 million and $ 827 million , respectively , as compared to first quarter of 2021 . The Company recognized $ 25.2 million of PPP loan fee accretion in the second quarter of 2021 as compared to $ 19.2 million in the first quarter of 2021 . Net interest margin increased by nine basis points primarily due to increased PPP loan fee accretion and a seven basis point decline on the rate paid on interest bearing deposits . Mortgage banking revenue decreased to $ 50.6 million for the second quarter of 2021 as compared to $ 113.5 million in the first quarter of 2021 . Recorded a negative provision for credit losses of $ 15.3 million in the second quarter of 2021 as compared to a negative provision for credit losses of $ 45.3 million in the first quarter of 2021 . Recorded net charge - offs of $ 1.9 million in the second quarter of 2021 as compared to net charge - offs of $ 13.3 million in the first quarter of 2021. Net charge - offs as a percentage of average total loans totaled two basis points in the second quarter of 2021 on an annualized basis as compared to 17 basis points on an annualized basis in the first quarter of 2021 . The allowance for credit losses on our core loan portfolio is approximately 1.49 % of the outstanding balance as of June 30 , 2021 , down from 1.62 % as of March 31 , 2021. See Table 12 for more information . The allowance for credit losses to nonaccrual loans increased to 367.6 % at June 30 , 2021 compared to 341.3 % as of March 31 , 2021 . Non - performing loans declined to $ 87.7 million , or 0.27 % of total loans , as of June 30 , 2021 as compared to $ 99.1 million , or 0.30 % of total loans , as of March 31 , 2021 .