Earnings release
Page 1
NEWS RELEASE Wintrust Financial Corporation Reports Record Net Income 2026-10-19 ROSEMONT, Ill., Oct. 19, 2026 (GLOBE NEWSWIRE) -- Wintrust Financial Corporation (“Wintrust”, “the Company”, “we” or “our”) (Nasdaq: WTFC) announced record net income of $700.1 million, or $9.89 per diluted common share, for the rst nine months of 2026 compared to net income of $600.8 million, or $8.25 per diluted common share, for the same period of 2025. This represents a year-to-date net income increase of 17% compared to the same period of 2025. Pre-tax, pre-provision income (non-GAAP) for the rst nine months of the year totaled a record $1.0 billion, compared to $884.1 million for the rst nine months of 2025. The Company reported record quarterly net income of $239.1 million, or $3.37 per diluted common share, for the third quarter of 2026, compared to net income of $233.7 million, or $3.30 per diluted common share, for the second quarter of 2026. Pre-tax, pre-provision income (non-GAAP) for the third quarter of 2026 totaled $352.2 million, as compared to $341.1 million for the second quarter of 2026. Timothy S. Crane, President and Chief Executive O cer, commented, “Our strong momentum in the rst half of the year continued into the third quarter leading to consistent and record results for the rst nine months of 2026. The third quarter of 2026 produced the seventh consecutive quarter of record net income for the Company.” Additionally, Mr. Crane noted, “Net interest income came in at $621.6 million for the quarter, an increase of $24.2 million, or 16% annualized, from the second quarter of 2026. Net interest margin of 3.51% in the third quarter remained in line with our expectations, and we believe our balance sheet is well positioned to support stable performance through changing interest rate environments.” Highlights of the third quarter of 2026: Comparative information to the second quarter of 2026, unless otherwise noted 1
Page 2
Total loans increased by $1.1 billion, or 8% annualized. Total deposits increased by $1.3 billion, or 8% annualized. Total assets increased by $1.3 billion, or 7% annualized. Net interest income increased to $621.6 million in the third quarter of 2026, compared to $597.4 million in the second quarter of 2026, driven by strong average earning asset growth. Net interest margin was 3.49% (3.51% on a fully taxable-equivalent basis, non-GAAP) during the third quarter of 2026 which was in line with our prior guidance. Provision for credit losses totaled $25.9 million in the third quarter of 2026, compared to $23.1 million in the second quarter of 2026. Net charge-o s totaled $21.0 million, or 15 basis points of average total loans on an annualized basis, in the third quarter of 2026 up from $13.4 million, or 10 basis points of average total loans on an annualized basis, in the second quarter of 2026. Non-performing loans totaled $176.9 million and comprised 0.31% of total loans at September 30, 2026, as compared to $179.3 million and 0.32% of total loans at June 30, 2026. “We are encouraged by our strong third quarter performance and record results year-to-date. We believe we are well-positioned to build on our strong momentum and deliver further revenue growth as we close out the year. Our unique market position and strong customer relationships continue to create long-term franchise value in the markets we serve. We are proud of our latest deposit market share gains in Illinois and remain committed to expanding our market presence in Wisconsin and west Michigan. Our focus remains on delivering consistent balance sheet growth, expanding net interest income while maintaining a disciplined approach to expense management, which should generate positive operating leverage for the year”, Mr. Crane concluded. The graphs shown on pages 3-7 illustrate certain nancial highlights of the third quarter of 2026 as well as historical nancial performance. See “Supplemental Non-GAAP Financial Measures/Ratios” at Table 18 for additional information with respect to non-GAAP nancial measures/ratios, including the reconciliations to the corresponding GAAP nancial measures/ratios. Graphs available at the following link: http://ml.globenewswire.com/Resource/Download/70c22597-0785-4d8f- b369-f25a29b18 9 SUMMARY OF RESULTS: BALANCE SHEET 2
Page 3
Total assets increased $1.3 billion in the third quarter of 2026 compared to the second quarter of 2026, driven by a $1.1 billion increase in total loans. The robust loan growth was diversi ed across all major loan portfolios. Total liabilities increased by $1.5 billion in the third quarter of 2026 compared to the second quarter of 2026, driven by a $1.3 billion increase in total deposits. Strong organic deposit growth in the third quarter of 2026 was driven by our diverse customer base and product o erings. 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 third quarter of 2026, net interest income totaled $621.6 million, compared to $597.4 million in the second quarter of 2026. The increase in net interest income in the third quarter of 2026 was driven by strong average earning asset growth of $2.1 billion. Net interest margin was 3.49% (3.51% on a fully taxable-equivalent basis, non-GAAP) during the third quarter of 2026, down one basis point compared to the second quarter of 2026. The yield on earning assets remained at during the third quarter of 2026 while loan yields decreased by one basis point. Funding cost on interest-bearing deposits decreased one basis point compared to the second quarter of 2026. The net free funds contribution in the third quarter of 2026 decreased two basis points compared to the second 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 $486.1 million as of September 30, 2026, an increase from $481.2 million as of June 30, 2026. A provision for credit losses totaling $25.9 million was recorded for the third quarter of 2026 compared to $23.1 million recorded in the second quarter of 2026. The provision for credit losses recognized in the third quarter of 2026 re ects growth in the portfolio, 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. 3
Page 4
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 nancial assets as of the reporting date. There can be no assurances, however, that future losses will not signi cantly exceed the amounts provided for, thereby a ecting future results of operations. A summary of the allowance for credit losses calculated for the loan components in each portfolio as of September 30, 2026, June 30, 2026, and March 31, 2026 is shown on Table 12 of this report. Net charge-o s totaled $21.0 million in the third quarter of 2026, an increase of $7.6 million compared to $13.4 million of net charge-o s in the second quarter of 2026. Net charge-o s as a percentage of average total loans were 15 basis points in the third quarter of 2026 on an annualized basis compared to 10 basis points on an annualized basis in the second quarter of 2026. For more information regarding net charge-o s, 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 $193.3 million and comprised 0.25% of total assets as of September 30, 2026, as compared to $195.2 million, or 0.26% of total assets, as of June 30, 2026. Non-performing loans totaled $176.9 million and comprised 0.31% of total loans at September 30, 2026, as compared to $179.3 million and 0.32% of total loans at June 30, 2026. For more information regarding non-performing assets, see Table 14 in this report. NON-INTEREST INCOME Non-interest income totaled $136.3 million in the third quarter of 2026, compared to $141.3 million in the second quarter of 2026. Wealth management revenue increased by approximately $1.1 million in the third quarter of 2026, compared to the second quarter of 2026. The increase in the third quarter of 2026 was primarily driven by increased trust and asset management fees from higher assets under management during the period. 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 $25.5 million in the third quarter of 2026, compared to $27.4 million in the second quarter of 2026. The decrease in the third quarter of 2026 was primarily attributed to lower mortgage loan originations and related operational revenue. For more information regarding mortgage banking revenue, see 4
Page 5
Table 16 in this report. The Company recognized approximately $1.6 million in net losses on investment securities in the third quarter of 2026 compared to approximately $1.8 million in net gains in the second quarter of 2026. The net losses in the third 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 $405.7 million in the third quarter of 2026, increasing $8.1 million, compared to $397.5 million in the second quarter of 2026. Non-interest expense, as a percent of average assets, decreased to 2.16% in the third quarter of 2026 from 2.21% in the second quarter of 2026. Salaries and employee bene ts expense decreased by approximately $3.5 million in the third quarter of 2026, compared to the second quarter of 2026. This was primarily driven by lower payroll taxes and deferred compensation expense during the third quarter of 2026. Advertising and marketing expense in the third quarter of 2026 totaled $21.8 million, which was a $1.4 million increase as compared to the second quarter of 2026. The increase in the third quarter was primarily driven by community sponsorship events and media commitments which are historically higher in the second and third quarter of the year. 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 $12.1 million in the third quarter of 2026, a $5.5 million increase from the second quarter of 2026. This was primarily the result of the $5.2 million FDIC special assessment reversal recorded in the second quarter of 2026. The special assessments were in response to certain bank failures in 2023 and the reversal was based on the FDIC's nal determination of losses to its Deposit Insurance Fund. For more information regarding non-interest expense, see Table 17 in this report. INCOME TAXES 5
Page 6
The Company recorded income tax expense of $87.3 million in the third quarter of 2026 compared to $84.3 million in the second quarter of 2026. The e ective tax rates were 26.7% in the third quarter of 2026 compared to 26.5% in the second quarter of 2026. BUSINESS SUMMARY Community Banking Through community banking, the Company provides banking and nancial 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 third quarter of 2026, community banking increased its commercial, commercial real estate and residential real estate loan portfolios. Mortgage banking revenue was $25.5 million for the third quarter of 2026, a decrease of $1.9 million compared to the second quarter of 2026. See Table 16 for more detail. Service charges on deposit accounts totaled $22.2 million in the third quarter of 2026 as compared to $21.2 million in the second quarter of 2026. The Company’s gross commercial and commercial real estate loan pipelines remained solid as of September 30, 2026 indicating momentum for expected continued loan growth in the fourth quarter of 2026. Specialty Finance Through specialty nance, the Company o ers nancing of insurance premiums for businesses and individuals, equipment nancing through structured loans and lease products to customers in a variety of industries, accounts receivable nancing and value-added, out-sourced administrative services and other services. Originations within the insurance premium nancing receivables portfolios were approximately $5.4 billion during the third quarter of 2026. Average balances increased by $781.7 million, as compared to the second quarter of 2026. The Company’s leasing divisions’ portfolio balances increased in the third quarter of 2026, with capital leases, loans, and equipment on operating leases of $3.1 billion, $1.3 billion, and $363.2 million as of September 30, 2026, respectively, compared to $3.1 billion, $1.2 billion, and $363.7 million as of June 30, 2026, respectively. Revenues from the Company’s out- sourced administrative services business were $1.4 million in the third quarter of 2026, which was relatively stable compared to the second quarter of 2026. Wealth Management Through wealth management, the Company o ers 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 $41.0 million in the third quarter of 2026, an increase as compared 6
Page 7
to the second quarter of 2026. At September 30, 2026, the Company’s wealth management subsidiaries had approximately $51.5 billion of assets under administration, which excludes assets owned by the Company and its subsidiary banks. ITEMS IMPACTING COMPARATIVE FINANCIAL RESULTS Business Acquisition On September 1, 2026, the Company completed its purchase of the guardianship services business that was previously announced (the “business”). The business has approximately $1.2 billion in assets under management. As of September 30, 2026, the Company preliminarily recorded goodwill of approximately $7.5 million. In accordance with generally accepted accounting principles (“GAAP”), the initial purchase accounting for this business acquisition is not nalized and is therefore subject to change. WINTRUST FINANCIAL CORPORATION Key Operating Measures Wintrust’s key operating measures and growth rates for the third quarter of 2026, as compared to the second quarter of 2026 (sequential quarter) and third quarter of 2025 (linked quarter), are shown in the table below: % or basis point (bp)change from 2nd Quarter 2026 % or basis point (bp)change from 3rd Quarter 2025 Three Months Ended (Dollars in thousands, except per share data)Sep 30, 2026 Jun 30, 2026 Sep 30, 2025 Net income $ 239,054 $ 233,693 $ 216,254 2 % 11 %Pre-tax income, excluding provision for credit losses(non-GAAP) 352,212 341,098 317,809 3 11 Net income per common share – Diluted 3.37 3.30 2.78 2 21 Cash dividends declared per common share 0.55 0.55 0.50 — 10 Net revenue 757,877 738,635 697,837 3 9 Net interest income 621,604 597,366 567,010 4 10 Net interest margin 3.49% 3.50% 3.48% (1)bps 1 bpsNet interest margin – fully taxable-equivalent (non-GAAP) 3.51 3.52 3.50 (1) 1 Net overhead ratio 1.44 1.42 1.45 2 (1) Return on average assets 1.27 1.30 1.26 (3) 1 Return on average common equity 12.83 12.82 11.58 1 125 Return on average tangible common equity (non-GAAP) 14.89 14.91 13.74 (2) 115 At end of period Total assets $ 75,971,620 $ 74,668,135 $ 69,629,638 7 % 9 %Total loans 56,804,571 55,654,947 52,063,482 8 9 Total deposits 62,435,216 61,141,275 56,711,381 8 10 Total shareholders’ equity 7,289,546 7,525,116 7,045,757 (12) 3 (1) (2) (3) (2) (4) (2) (5) (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 thatperiod’s average total assets. A lower ratio indicates a higher degree of e ciency.(5) Excludes mortgage loans held-for-sale. 7
Page 8
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 EndedNine Months Ended(Dollars in thousands, except pershare data) Sep 30, 2026 Jun 30, 2026 Mar 31, 2026 Dec 31, 2025 Sep 30, 2025Sep 30, 2026 Sep 30, 2025 Selected Financial Condition Data (at end of period): Total assets $75,971,620 $74,668,135 $72,157,433 $71,142,046 $69,629,638 Total loans 56,804,571 55,654,947 54,071,292 53,105,101 52,063,482 Total deposits 62,435,216 61,141,275 58,914,382 57,717,191 56,711,381 Total shareholders’ equity 7,289,546 7,525,116 7,378,100 7,258,715 7,045,757 Selected Statements of IncomeData: Net interest income $ 621,604 $ 597,366 $ 579,024 $ 583,874 $ 567,010 $1,797,994 $1,640,178 Net revenue 757,877 738,635 713,166 714,264 697,837 2,209,678 2,011,728 Net income 239,054 233,693 227,388 223,024 216,254 700,135 600,820 Pre-tax income, excluding provisionfor credit losses (non-GAAP) 352,212 341,098 330,534 329,811 317,809 1,023,844 884,149 Net income per common share –Basic 3.42 3.34 3.26 3.21 2.82 10.02 8.37 Net income per common share –Diluted 3.37 3.30 3.22 3.15 2.78 9.89 8.25 Cash dividends declared percommon share 0.55 0.55 0.55 0.50 0.50 1.65 1.50 Selected Financial Ratios and OtherData: Performance Ratios: Net interest margin 3.49% 3.50% 3.54% 3.52% 3.48% 3.51% 3.51%Net interest margin – fully taxable-equivalent (non-GAAP) 3.51 3.52 3.56 3.54 3.50 3.53 3.53 Non-interest income to averageassets 0.73 0.79 0.78 0.74 0.76 0.76 0.75 Non-interest expense to averageassets 2.16 2.21 2.21 2.19 2.21 2.19 2.28 Net overhead ratio 1.44 1.42 1.44 1.45 1.45 1.43 1.53 Return on average assets 1.27 1.30 1.32 1.27 1.26 1.30 1.22 Return on average common equity 12.83 12.82 12.76 12.63 11.58 12.80 11.94 Return on average tangiblecommon equity (non-GAAP) 14.89 14.91 14.89 14.83 13.74 14.89 14.28 Average total assets $74,400,171 $72,161,723 $70,089,123 $69,492,268 $68,303,036 $72,232,797 $66,098,845 Average total shareholders’ equity 7,558,263 7,474,449 7,387,713 7,166,608 6,955,543 7,474,100 6,761,319 Average loans to average depositsratio 91.8% 92.6% 93.1% 92.4% 92.5% 92.5% 92.6%Period-end loans to deposits ratio 91.0 91.0 91.8 92.0 91.8 Common Share Data at end ofperiod: Market price per common share $ 141.82 $ 160.72 $ 138.94 $ 139.82 $ 132.44 Book value per common share 101.74 105.26 103.10 102.03 98.87 Tangible book value per commonshare (non-GAAP) 88.18 92.13 89.90 88.66 85.39 Common shares outstanding 67,472,459 67,455,414 67,437,300 66,974,913 66,961,209 Other Data at end of period: Common equity to assets ratio 9.0% 9.5% 9.6% 9.6% 9.5% Tangible common equity ratio (non-GAAP) 7.9 8.4 8.5 8.5 8.3 Tier 1 leverage ratio 9.8 9.8 9.8 9.6 9.5 Risk-based capital ratios: Tier 1 capital ratio 11.2 11.1 11.1 11.0 10.9 Common equity tier 1 capitalratio 10.5 10.4 10.4 10.3 10.2 Total capital ratio 12.5 12.4 12.6 12.4 12.4 Allowance for credit losses $ 486,053 $ 481,189 $ 471,591 $ 460,465 $ 454,586 Allowance for loan and unfundedlending-related commitment losses ll 086% 086% 087% 087% 087% (1) (2) (3) (3) (4) (3) (3) (3) (5) (5) (5) (5) (6) 8
Page 9
to total loans 0.86% 0.86% 0.87% 0.87% 0.87% Number of: Bank subsidiaries 16 16 16 16 16 Banking o ces 211 210 209 209 208 WINTRUST FINANCIAL CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CONDITION (Unaudited) (Unaudited) (Unaudited) (Unaudited) Sep 30, Jun 30, Mar 31, Dec 31, Sep 30,(In thousands) 2026 2026 2026 2025 2025 Assets Cash and due from banks $ 635,592 $ 595,790 $ 543,654 $ 467,874 $ 565,406 Federal funds sold and securities purchased underresale agreements 65 65 65 64 63 Interest-bearing deposits with banks 3,557,687 3,573,915 3,051,665 3,180,553 3,422,452 Available-for-sale securities, at fair value 7,569,498 7,587,545 7,244,282 6,236,263 5,274,124 Held-to-maturity securities, at amortized cost 3,120,503 3,196,452 3,270,207 3,343,905 3,438,406 Equity securities with readily determinable fair value 64,811 65,815 63,786 63,770 63,445 Federal Home Loan Bank and Federal Reserve Bankstock 296,171 294,629 292,044 291,881 282,755 Mortgage loans held-for-sale, at fair value 307,748 407,495 383,405 340,745 333,883 Loans, net of unearned income 56,804,571 55,654,947 54,071,292 53,105,101 52,063,482 Allowance for loan losses (401,729) (402,952) (390,651) (379,283) (386,622) Net loans 56,402,842 55,251,995 53,680,641 52,725,818 51,676,860 Premises, software and equipment, net 792,205 778,958 777,603 781,611 775,425 Lease investments, net 363,243 363,664 362,766 360,646 301,000 Accrued interest receivable and other assets 1,946,561 1,666,474 1,596,617 1,617,682 1,614,674 Receivable on unsettled securities sales — — — 835,275 978,209 Goodwill 804,661 797,219 797,658 797,960 797,639 Other acquisition-related intangible assets 110,033 88,119 93,040 97,999 105,297 Total assets $ 75,971,620 $ 74,668,135 $ 72,157,433 $ 71,142,046 $ 69,629,638 Liabilities and Shareholders’ Equity Deposits: Non-interest-bearing $ 11,584,695 $ 11,796,736 $ 12,112,891 $ 11,423,701 $ 10,952,146 Interest-bearing 50,850,521 49,344,539 46,801,491 46,293,490 45,759,235 Total deposits 62,435,216 61,141,275 58,914,382 57,717,191 56,711,381 Federal Home Loan Bank advances 3,450,680 3,450,680 3,451,309 3,451,309 3,151,309 Other borrowings 355,554 370,736 340,647 477,966 579,328 Subordinated notes 298,903 298,820 298,717 298,636 298,536 Junior subordinated debentures 253,566 253,566 253,566 253,566 253,566 Accrued interest payable and other liabilities 1,888,155 1,627,942 1,520,712 1,684,663 1,589,761 Total liabilities 68,682,074 67,143,019 64,779,333 63,883,331 62,583,881 Shareholders’ Equity: Preferred stock 425,000 425,000 425,000 425,000 425,000 Common stock 67,599 67,581 67,563 67,062 67,042 Surplus 2,574,253 2,560,427 2,546,754 2,534,024 2,521,306 Treasury stock (14,897) (14,882) (13,970) (9,156) (9,150)Retained earnings 5,101,367 4,907,788 4,719,561 4,537,539 4,356,367 Accumulated other comprehensive loss (863,776) (420,798) (366,808) (295,754) (314,808) Total shareholders’ equity 7,289,546 7,525,116 7,378,100 7,258,715 7,045,757 Total liabilities and shareholders’ equity $ 75,971,620 $ 74,668,135 $ 72,157,433 $ 71,142,046 $ 69,629,638 WINTRUST FINANCIAL CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) (1) Excludes mortgage loans held-for-sale.(2) Net revenue is net interest income plus non-interest income.(3) See Table 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 thatperiod’s average total assets. A lower ratio indicates a higher degree of e ciency.(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 forheld-to-maturity securities losses. 9
Page 10
Three Months EndedNine Months Ended (Dollars in thousands, except per sharedata) Sep 30, 2026 Jun 30, 2026 Mar 31, 2026 Dec 31, 2025 Sep 30, 2025Sep 30, 2026 Sep 30, 2025 Interest income Interest and fees on loans$ 853,299 $ 822,981 $ 797,889 $ 822,494 $ 832,140$2,474,169 $2,398,499Mortgage loans held-for-sale 5,761 6,169 4,615 5,607 4,757 16,545 13,875Interest-bearing deposits with banks 25,595 20,916 19,150 27,190 34,992 65,661 106,075Federal funds sold and securitiespurchased under resale agreements 1 5 64 77 75 70 530Investment securities 112,273 105,716 100,278 95,461 86,426 318,267 236,495Trading account securities — — — — — — 11Federal Home Loan Bank and FederalReserve Bank stock 5,932 5,625 5,564 5,497 5,444 17,121 16,144Brokerage customer receivables — — — — — — 78 Total interest income 1,002,861 961,412 927,560 956,326 963,834 2,891,833 2,771,707 Interest expense Interest on deposits 341,017 325,033 309,187 332,178 355,846 975,237 1,009,549Interest on Federal Home Loan Bankadvances 29,086 28,218 27,701 26,408 26,007 85,005 77,172Interest on other borrowings 3,430 3,121 4,026 5,956 6,887 10,577 20,636Interest on subordinated notes 3,721 3,739 3,719 3,737 3,717 11,179 11,166Interest on junior subordinateddebentures 4,003 3,935 3,903 4,173 4,367 11,841 13,006 Total interest expense 381,257 364,046 348,536 372,452 396,824 1,093,839 1,131,529 Net interest income 621,604 597,366 579,024 583,874 567,010 1,797,994 1,640,178Provision for credit losses 25,879 23,134 29,594 27,588 21,768 78,607 67,965Net interest income after provision forcredit losses 595,725 574,232 549,430 556,286 545,242 1,719,387 1,572,213 Non-interest income Wealth management 40,967 39,883 42,059 39,365 37,188 122,909 108,051Mortgage banking 25,532 27,438 23,396 22,625 24,451 76,366 68,150Service charges on deposit accounts 22,161 21,240 20,970 20,402 19,825 64,371 58,689(Losses) gains on investment securities,net (1,621) 1,845 (31) 1,505 2,972 193 6,818Fees from covered call options 4,585 4,793 4,669 5,992 5,619 14,047 14,689Trading gains (losses), net 48 70 10 (257) 172 128 259Operating lease income, net 18,447 18,804 19,154 16,365 15,466 56,405 45,919Other 26,154 27,196 23,915 24,393 25,134 77,265 68,975 Total non-interest income 136,273 141,269 134,142 130,390 130,827 411,684 371,550 Non-interest expense Salaries and employee bene ts 230,552 234,089 228,447 222,557 219,668 693,088 650,735Software and equipment 39,179 39,288 35,654 36,096 35,027 114,121 106,266Operating lease equipment 11,661 11,187 10,987 11,034 10,409 33,835 31,637Occupancy, net 19,548 21,153 20,566 20,105 20,809 61,267 61,815Data processing 11,218 10,659 11,266 11,809 11,329 33,143 34,713Advertising and marketing 21,806 20,432 13,218 13,792 19,027 55,456 50,060Professional fees 10,687 9,342 7,375 8,280 7,465 27,404 25,752Amortization of other acquisition-related intangible assets 4,686 4,921 4,958 4,999 5,196 14,565 16,394FDIC insurance 12,138 6,640 10,990 10,562 11,418 29,768 33,315Other real estate owned (“OREO”)expenses, net 282 786 207 2,162 262 1,275 1,410Other 43,908 39,040 38,964 43,057 39,418 121,912 115,482 Total non-interest expense 405,665 397,537 382,632 384,453 380,028 1,185,834 1,127,579 Income before taxes 326,333 317,964 300,940 302,223 296,041 945,237 816,184Income tax expense 87,279 84,271 73,552 79,199 79,787 245,102 215,364 Net income $ 239,054 $ 233,693 $ 227,388 $ 223,024 $ 216,254$ 700,135 $ 600,820 Preferred stock dividends 8,367 8,367 8,367 8,367 13,295 25,101 27,277Preferred stock redemption — — — — 14,046 — 14,046 Net income applicable to common shares$ 230,687 $ 225,326 $ 219,021 $ 214,657 $ 188,913$ 675,034 $ 559,497 Net income per common share - Basic$ 3.42 $ 3.34 $ 3.26 $ 3.21 $ 2.82$ 10.02 $ 8.37 Net income per common share - Diluted$ 3.37 $ 3.30 $ 3.22 $ 3.15 $ 2.78$ 9.89 $ 8.25 Cash dividends declared per commonshare $ 0.55 $ 0.55 $ 0.55 $ 0.50 $ 0.50$ 1.65 $ 1.50 Weighted average common sharesoutstanding 67,467 67,434 67,246 66,970 66,952 67,383 66,871Dilutive potential common shares 911 852 851 1,143 1,028 876 945Average common shares and dilutivecommon shares 68,378 68,286 68,097 68,113 67,980 68,259 67,816 TABLE 1: LOAN PORTFOLIO MIX AND GROWTH RATES 10
Page 11
% Growth From (Dollars in thousands)Sep 30, 2026 Jun 30, 2026 Mar 31, 2026 Dec 31, 2025 Sep 30, 2025Jun 30,2026Sep 30, 2025 Balance: Mortgage loans held-for-sale, excluding earlybuy-out exercised loans guaranteed by U.S.government agencies$ 173,773 $ 265,203 $ 249,350 $ 217,136 $ 211,360NM (18)%Mortgage loans held-for-sale, early buy-outexercised loans guaranteed by U.S.government agencies 133,975 142,292 134,055 123,609 122,523(23) 9 Total mortgage loans held-for-sale$ 307,748 $ 407,495 $ 383,405 $ 340,745 $ 333,883(97)%(8)% Core loans: Commercial Commercial and industrial$8,051,117 $7,802,625 $7,620,239 $7,267,505 $7,135,08313% 13%Asset-based lending 1,662,239 1,628,319 1,558,089 1,512,888 1,588,5228 5 Municipal 858,207 866,012 839,633 868,958 804,986(4) 7 Leases 3,132,875 3,114,901 3,002,014 2,921,366 2,834,5632 11 Commercial real estate Residential construction 51,454 52,590 53,097 54,753 60,923(9) (16)Commercial construction 2,300,349 2,294,566 1,959,375 2,013,244 2,273,5451 1 Land 327,086 308,509 311,470 341,585 323,68524 1 O ce 1,659,530 1,607,275 1,652,482 1,688,614 1,578,20813 5 Industrial 3,590,562 3,405,641 3,323,977 3,167,768 2,912,54722 23 Retail 1,510,533 1,475,949 1,469,658 1,436,252 1,478,8619 2 Multi-family 3,516,050 3,299,607 3,565,419 3,445,507 3,306,59726 6 Mixed use and other 2,005,047 1,826,470 1,826,808 1,793,013 1,684,84139 19 Home equity 507,831 491,782 471,264 480,525 484,20213 5 Residential real estate Residential real estate loans for investment 4,552,877 4,411,357 4,319,941 4,171,439 4,019,04613 13 Residential mortgage loans, early buy-outeligible loans guaranteed by U.S.government agencies 86,626 76,334 83,036 84,706 75,08853 15 Residential mortgage loans, early buy-outexercised loans guaranteed by U.S.government agencies 56,512 55,001 62,189 61,087 49,73611 14 Total core loans$33,868,895 $32,716,938 $32,118,691 $31,309,210 $30,610,43314% 11% Niche loans: Commercial Franchise $1,256,013 $1,300,935 $1,293,639 $1,298,493 $1,298,140(14)%(3)%Mortgage warehouse lines of credit 1,749,346 1,897,762 1,800,972 1,515,003 1,204,661(31) 45 Community Advantage - homeownersassociation 517,408 516,782 526,274 532,027 537,6960 (4)Insurance entity lending 1,114,560 1,153,975 1,122,361 1,128,446 1,140,691(14) (2)Premium Finance receivables U.S. property & casualty insurance 7,805,981 7,744,361 7,127,234 7,308,054 7,502,9013 4 Canada property & casualty insurance 818,341 867,662 763,097 875,362 863,391(23) (5)Life insurance 9,538,863 9,312,521 9,196,382 9,023,642 8,758,55310 9 Consumer and other 135,164 144,011 122,642 114,864 147,016(24) (8) Total niche loans$22,935,676 $22,938,009 $21,952,601 $21,795,891 $21,453,049(0)% 7% Total loans, net of unearned income$56,804,571 $55,654,947 $54,071,292 $53,105,101 $52,063,4828% 9% TABLE 2: DEPOSIT PORTFOLIO MIX AND GROWTH RATES % Growth From (Dollars in thousands)Sep 30, 2026 Jun 30, 2026 Mar 31, 2026 Dec 31, 2025 Sep 30, 2025Jun 30, 2026 Sep 30, 2025 (1) (2) (1) NM - Not Meaningful.(2) Annualized. (1) 11
Page 12
Balance: Non-interest-bearing$11,584,695 $11,796,736 $12,112,891 $11,423,701 $10,952,146 (7)% 6%NOW and interest-bearing demanddeposits 7,253,456 6,742,269 5,987,258 6,233,753 6,710,919 30 8 Wealth management deposits 1,690,496 1,349,949 1,670,620 1,907,647 1,600,735 100 6 Money market 24,174,275 23,083,225 21,714,267 21,368,924 20,270,382 19 19 Savings 6,487,247 6,597,516 6,942,565 6,905,216 6,758,743 (7) (4)Time certi cates of deposit 11,245,047 11,571,580 10,486,781 9,877,950 10,418,456 (11) 8 Total deposits$62,435,216 $61,141,275 $58,914,382 $57,717,191 $56,711,381 8% 10% Mix: Non-interest-bearing 19% 19% 20% 20% 19% NOW and interest-bearing demanddeposits 11 11 10 11 12 Wealth management deposits 3 2 3 3 3 Money market 39 38 37 37 36 Savings 10 11 12 12 12 Time certi cates of deposit 18 19 18 17 18 Total deposits 100% 100% 100% 100% 100% TABLE 3: TIME CERTIFICATES OF DEPOSIT MATURITY/RE-PRICING ANALYSIS As of September 30, 2026 (Dollars in thousands) Total Time Certi cates of Deposit Weighted-Average Rate of Maturing Time Certi cates of Deposit1-3 months $ 3,527,388 3.47%4-6 months 2,538,063 3.35 7-9 months 1,526,406 3.33 10-12 months 2,547,872 3.81 13-18 months 956,359 3.59 19-24 months 79,951 2.90 24+ months 69,008 2.51 Total $ 11,245,047 3.50% TABLE 4: QUARTERLY AVERAGE BALANCES Average Balance for three months ended, Sep 30, Jun 30, Mar 31, Dec 31, Sep 30,(In thousands) 2026 2026 2026 2025 2025 Interest-bearing deposits with banks, securitiespurchased under resale agreements and cashequivalents $ 2,853,369 $ 2,412,081 $ 2,247,083 $ 2,842,829 $ 3,276,683 Investment securities 11,073,179 10,832,538 10,616,617 10,084,138 9,377,930 FHLB and FRB stock 294,088 292,325 291,972 284,643 282,338 Liquidity management assets $ 14,220,636 $ 13,536,944 $ 13,155,672 $ 13,211,610 $ 12,936,951 Mortgage loans held-for-sale 362,329 402,175 317,047 357,672 295,365 Loans, net of unearned income 55,982,688 54,491,469 52,845,685 52,193,637 51,403,566 Total earning assets $ 70,565,653 $ 68,430,588 $ 66,318,404 $ 65,762,919 $ 64,635,882 Allowance for loan and investment security losses (413,132) (405,743) (391,810) (404,075) (410,681)Cash and due from banks 539,220 519,586 534,189 517,616 495,292 Other assets 3,708,430 3,617,292 3,628,340 3,615,808 3,582,543 Total assets $ 74,400,171 $ 72,161,723 $ 70,089,123 $ 69,492,268 $ 68,303,036 NOWdi b i d dd i $ 7283497$ 6453420$ 6081218$ 6133333$ 6687292 (2) (2) (1) Annualized. (2) Represents deposit balances of the Company’s subsidiary banks from brokerage customers of Wintrust Investments, Chicago Deferred ExchangeCompany, LLC (“CDEC”), and trust and asset management customers of the Company. (1) (2) (3) (4) (4) (5) (4) 12
Page 13
NOW and interest-bearing demand deposits $ 7,283,497 $ 6,453,420 $ 6,081,218 $ 6,133,333 $ 6,687,292 Wealth management deposits 1,566,292 1,485,347 1,858,560 1,925,808 1,604,142 Money market accounts 22,860,299 22,000,942 21,156,125 20,475,659 19,431,021 Savings accounts 6,570,130 6,707,916 6,921,251 6,814,263 6,723,325 Time deposits 11,256,456 10,938,312 9,782,112 10,045,136 10,319,719 Interest-bearing deposits $ 49,536,674 $ 47,585,937 $ 45,799,266 $ 45,394,199 $ 44,765,499 FHLB advances 3,450,683 3,450,773 3,451,312 3,203,483 3,151,310 Other borrowings 393,031 358,511 442,200 547,507 614,892 Subordinated notes 298,844 298,757 298,661 298,576 298,481 Junior subordinated debentures 253,566 253,566 253,566 253,566 253,566 Total interest-bearing liabilities $ 53,932,798 $ 51,947,544 $ 50,245,005 $ 49,697,331 $ 49,083,748 Non-interest-bearing deposits 11,417,869 11,273,344 10,963,887 11,080,254 10,791,709 Other liabilities 1,491,241 1,466,386 1,492,518 1,548,075 1,472,036 Equity 7,558,263 7,474,449 7,387,713 7,166,608 6,955,543 Total liabilities and shareholders’ equity $ 74,400,171 $ 72,161,723 $ 70,089,123 $ 69,492,268 $ 68,303,036 Net free funds/contribution $ 16,632,855 $ 16,483,044 $ 16,073,399 $ 16,065,588 $ 15,552,134 TABLE 5: QUARTERLY NET INTEREST INCOME Net Interest Income for three months ended, Sep 30, Jun 30, Mar 31, Dec 31, Sep 30,(In thousands) 2026 2026 2026 2025 2025 Interest income: Interest-bearing deposits with banks, securitiespurchased under resale agreements and cashequivalents $ 25,595 $ 20,921 $ 19,214 $ 27,267 $ 35,067 Investment securities 112,884 106,346 100,864 96,122 87,101 FHLB and FRB stock 5,932 5,625 5,564 5,497 5,444 Liquidity management assets $ 144,411 $ 132,892 $ 125,642 $ 128,886 $ 127,612 Mortgage loans held-for-sale 5,761 6,169 4,615 5,607 4,757 Loans, net of unearned income 855,450 825,092 799,915 824,628 834,294 Total interest income $ 1,005,622 $ 964,153 $ 930,172 $ 959,121 $ 966,663 Interest expense: NOW and interest-bearing demand deposits $ 37,394 $ 32,318 $ 29,666 $ 31,681 $ 40,448 Wealth management deposits 6,895 6,823 8,941 10,011 8,415 Money market accounts 174,404 165,035 155,299 163,585 169,831 Savings accounts 23,197 25,729 30,672 34,371 38,844 Time deposits 99,127 95,128 84,609 92,530 98,308 Interest-bearing deposits $ 341,017 $ 325,033 $ 309,187 $ 332,178 $ 355,846 FHLB advances 29,086 28,218 27,701 26,408 26,007 Other borrowings 3,430 3,121 4,026 5,956 6,887 Subordinated notes 3,721 3,739 3,719 3,737 3,717 Junior subordinated debentures 4,003 3,935 3,903 4,173 4,367 Total interest expense $ 381,257 $ 364,046 $ 348,536 $ 372,452 $ 396,824 Less: Fully taxable-equivalent adjustment (2,761) (2,741) (2,612) (2,795) (2,829)Net interest income (GAAP) 621,604 597,366 579,024 583,874 567,010 Fully taxable-equivalent adjustment 2,761 2,741 2,612 2,795 2,829 Net interest income, fully taxable-equivalent (non-GAAP) $ 624,365 $ 600,107 $ 581,636 $ 586,669 $ 569,839 TABLE 6: QUARTERLY NET INTEREST MARGIN (3) (6) (1) Includes interest-bearing deposits from banks and securities purchased under resale agreements with original maturities of greater than threemonths. 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 classi ed as available-for-sale and held-to-maturity, and equity securities with readilydeterminable 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 di erence between total average earning assets and total average interest-bearing liabilities. The estimated contribution to netinterest margin from net free funds is calculated using the rate paid for total interest-bearing liabilities. (1) (2) (2) (1) (3) (3) (1) Federal Home Loan Bank (“FHLB”) and Federal Reserve Bank (“FRB”)(2) Interest income on tax-advantaged loans, trading securities and investment securities re ects a taxable-equivalent adjustment based on the marginalfederal corporate tax rate in e ect as of the applicable period. (3) See Table 18: Supplemental Non-GAAP Financial Measures/Ratios for additional information on this performance measure/ratio. 13
Page 14
Net Interest Margin for three months ended, Sep 30, 2026 Jun 30, 2026 Mar 31, 2026 Dec 31, 2025 Sep 30, 2025Yield earned on: Interest-bearing deposits with banks, securities purchasedunder resale agreements and cash equivalents 3.56% 3.48% 3.47% 3.81% 4.25%Investment securities 4.04 3.94 3.85 3.78 3.68 FHLB and FRB stock 8.00 7.72 7.73 7.66 7.65 Liquidity management assets 4.03% 3.94% 3.87% 3.87% 3.91%Mortgage loans held-for-sale 6.31 6.15 5.90 6.22 6.39 Loans, net of unearned income 6.06 6.07 6.14 6.27 6.44 Total earning assets 5.65% 5.65% 5.69% 5.79% 5.93% Rate paid on: NOW and interest-bearing demand deposits 2.04% 2.01% 1.98% 2.05% 2.40%Wealth management deposits 1.75 1.84 1.95 2.06 2.08 Money market accounts 3.03 3.01 2.98 3.17 3.47 Savings accounts 1.40 1.54 1.80 2.00 2.29 Time deposits 3.49 3.49 3.51 3.65 3.78 Interest-bearing deposits 2.73% 2.74% 2.74% 2.90% 3.15%FHLB advances 3.34 3.28 3.26 3.27 3.27 Other borrowings 3.46 3.49 3.69 4.32 4.44 Subordinated notes 4.94 5.02 5.05 4.97 4.94 Junior subordinated debentures 6.26 6.22 6.24 6.53 6.83 Total interest-bearing liabilities 2.80% 2.81% 2.81% 2.97% 3.21% Interest rate spread 2.85% 2.84% 2.88% 2.82% 2.72%Less: Fully taxable-equivalent adjustment (0.02) (0.02) (0.02) (0.02) (0.02)Net free funds/contribution 0.66 0.68 0.68 0.72 0.78 Net interest margin (GAAP) 3.49% 3.50% 3.54% 3.52% 3.48%Fully taxable-equivalent adjustment 0.02 0.02 0.02 0.02 0.02 Net interest margin, fully taxable-equivalent (non-GAAP) 3.51% 3.52% 3.56% 3.54% 3.50% TABLE 7: YEAR-TO-DATE AVERAGE BALANCES, AND NET INTEREST INCOME AND MARGIN Average Balance for nine months ended,Interest for nine months ended,Yield/Rate for nine months ended, (Dollars in thousands)Sep 30, 2026 Sep 30, 2025Sep 30, 2026 Sep 30, 2025Sep 30, 2026 Sep 30, 2025Interest-bearing deposits with banks, securitiespurchased under resale agreements and cashequivalents $ 2,506,398 $ 3,367,419 $ 65,730 $ 106,605 3.51% 4.23%Investment securities 10,842,451 8,866,621 320,094 238,540 3.95 3.60 FHLB and FRB stock 292,803 282,016 17,121 16,144 7.82 7.65 Liquidity management assets$13,641,652 $12,516,056 $ 402,945 $ 361,289 3.95% 3.86%Other earning assets — 4,332 — 92 — 2.84 Mortgage loans held-for-sale 360,683 297,568 16,545 13,875 6.13 6.23 Loans, net of unearned income 54,451,438 49,597,938 2,480,457 2,405,059 6.09 6.48 Total earning assets$68,453,773 $62,415,894 $ 2,899,947 $ 2,780,315 5.66% 5.96%Allowance for loan and investment securitylosses (403,640) (395,041) Cash and due from banks 531,017 483,543 Other assets 3,651,647 3,594,449 Total assets $72,232,797 $66,098,845 NOW and interest-bearing demand deposits$ 6,610,449 $ 6,387,859 $ 99,378 $ 111,565 2.01% 2.34%Wealth management deposits 1,635,663 1,577,312 22,659 25,203 1.85 2.14 Money market accounts 22,012,031 18,405,748 494,738 472,095 3.01 3.43 Savings accounts 6,731,813 6,594,716 79,598 112,404 1.58 2.28 Time deposits 10,664,360 9,859,196 278,864 288,282 3.50 3.91 Interest-bearing deposits$47,654,316 $42,824,831 $ 975,237 $ 1,009,549 2.74% 3.15%FHLB advances 3,450,920 3,151,310 85,005 77,172 3.29 3.27 Other borrowings 397,733 597,016 10,577 20,636 3.56 4.62 Sbdi d 298755 298396 11179 11166 500 500 (1) (2) (3) (4) (3) (3) (1) Federal Home Loan Bank (“FHLB”) and Federal Reserve Bank (“FRB”)(2) Interest rate spread is the di erence between the yield earned on earning assets and the rate paid on interest-bearing liabilities.(3) See Table 18: Supplemental Non-GAAP Financial Measures/Ratios for additional information on this performance measure/ratio.(4) Net free funds are the di erence between total average earning assets and total average interest-bearing liabilities. The estimated contribution to netinterest margin from net free funds is calculated using the rate paid for total interest-bearing liabilities. (1) (2) (3) (4) (5) (4) (5) (6) (4) (5) (7) (5) (3) 14
Page 15
Subordinated notes 298,755 298,396 11,179 11,166 5.00 5.00 Junior subordinated debentures 253,566 253,566 11,841 13,006 6.24 6.86 Total interest-bearing liabilities$52,055,290 $47,125,119 $ 1,093,839 $ 1,131,529 2.81% 3.21% Non-interest-bearing deposits 11,220,029 10,722,772 Other liabilities 1,483,378 1,489,635 Equity 7,474,100 6,761,319 Total liabilities and shareholders’ equity$72,232,797 $66,098,845 Interest rate spread 2.85% 2.75%Less: Fully taxable-equivalent adjustment (8,114) (8,608) (0.02) (0.02)Net free funds/contribution$16,398,483 $15,290,775 0.68 0.78 Net interest income/margin (GAAP) $ 1,797,994 $ 1,640,178 3.51% 3.51%Fully taxable-equivalent adjustment 8,114 8,608 0.02 0.02 Net interest income/margin, fully taxable-equivalent (non-GAAP) $ 1,806,108 $ 1,648,786 3.53% 3.53% TABLE 8: INTEREST RATE SENSITIVITY As an ongoing part of its nancial strategy, the Company attempts to manage the impact of uctuations in market interest rates on net interest income. Management measures its exposure to changes in interest rates by modeling many di erent 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 ows 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 di er 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 BasisPoints +100 BasisPoints -100 BasisPoints -200 BasisPointsSep 30, 2026 (2.9)% (1.6)% 0.3% 0.1%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) (5) (8) (9) (5) (5) (1) Includes interest-bearing deposits from banks and securities purchased under resale agreements with original maturities of greater than threemonths. 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 classi ed as available-for-sale and held-to-maturity, and equity securities with readilydeterminable 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 re ects a taxable-equivalent adjustment based on the marginalfederal corporate tax rate in e ect as of the applicable period.(5) See Table 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 di erence between the yield earned on earning assets and the rate paid on interest-bearing liabilities.(9) Net free funds are the di erence between total average earning assets and total average interest-bearing liabilities. The estimated contribution to netinterest margin from net free funds is calculated using the rate paid for total interest-bearing liabilities. 15
Page 16
Ramp Scenario +200 BasisPoints +100 BasisPoints -100 BasisPoints -200 BasisPoints Sep 30, 2026 (2.2)% (1.3)% 0.5% 1.2%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) 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, oors and receive- xed 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 uctuations 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 September 30, 2026One year or less From one to ve years From ve to fteen years After fteenyears Total(In thousands) Commercial Fixed rate $ 668,421 $ 4,220,622 $ 2,267,646 $ 23,498 $ 7,180,187Variable rate 11,157,780 3,798 — — 11,161,578 Total commercial $ 11,826,201 $ 4,224,420 $ 2,267,646 $ 23,498 $ 18,341,765 Commercial real estate Fixed rate $ 946,605 $ 2,696,894 $ 343,419 $ 68,813 $ 4,055,731Variable rate 10,898,800 6,017 63 — 10,904,880 Total commercial real estate$ 11,845,405 $ 2,702,911 $ 343,482 $ 68,813 $ 14,960,611 Home equity Fixed rate $ 8,731 $ 1,266 $ 23 $ 4 $ 10,024Variable rate 497,807 — — — 497,807 Total home equity $ 506,538 $ 1,266 $ 23 $ 4 $ 507,831 Residential real estate Fixed rate $ 17,516 $ 6,349 $ 61,821 $ 1,047,240 $ 1,132,926Variable rate 153,365 870,687 2,539,037 — 3,563,089 Total residential real estate$ 170,881 $ 877,036 $ 2,600,858 $ 1,047,240 $ 4,696,015 Premium nance receivables - property & casualty Fixed rate $ 8,466,546 $ 157,776 $ — $ — $ 8,624,322Variable rate — — — — —Total premium nance receivables - property &casualty $ 8,466,546 $ 157,776 $ — $ — $ 8,624,322 Premium nance receivables - life insurance Fixed rate $ 13,006 $ 35,884 $ — $ — $ 48,890Variable rate 9,489,973 — — — 9,489,973 Total premium nance receivables - life insurance$ 9,502,979 $ 35,884 $ — $ — $ 9,538,863 Consumer and other Fixed rate $ 32,133 $ 7,772 $ 968 $ 836 $ 41,709Variable rate 93,455 — — — 93,455 Total consumer and other$ 125,588 $ 7,772 $ 968 $ 836 $ 135,164 Total per category Fixed rate $ 10,152,958 $ 7,126,563 $ 2,673,877 $ 1,140,391 $ 21,093,789Variable rate 32,291,180 880,502 2,539,100 — 35,710,782 Total loans, net of unearned income$ 42,444,138 $ 8,007,065 $ 5,212,977 $ 1,140,391 $ 56,804,571 Less: Existing cash ow hedging derivatives (6,650,000) Total loans repricing or maturing in one year or less,adjusted for cash ow hedging activity$ 35,794,138 (1) 16
Page 17
Variable Rate Loan Pricing by Index: SOFR tenors $ 23,556,09212- month CMT 8,442,458Prime 2,980,955Fed Funds 502,961Other U.S. Treasury tenors 125,663Other 102,653 Total variable rate $ 35,710,782 Graph available at the following link: http://ml.globenewswire.com/Resource/Download/96398016-9f3a-40ae- b1ba-211e33ef84c1 TABLE 10: ALLOWANCE FOR CREDIT LOSSES Three Months EndedNine Months Ended Sep 30, Jun 30, Mar 31, Dec 31, Sep 30,Sep 30, Sep 30,(Dollars in thousands) 2026 2026 2026 2025 2025 2026 2025 Allowance for credit losses atbeginning of period $ 481,189 $ 471,591 $ 460,465 $ 454,586 $ 457,461 $ 460,465 $ 437,060 Provision for credit losses 25,879 23,134 29,594 27,588 21,768 78,607 67,965 Other adjustments (18) (90) (50) 71 (88) (158) 96 Charge-o s: Commercial 19,075 10,837 8,428 12,894 21,597 38,340 37,467 Commercial real estate 414 707 7,260 5,625 144 8,381 6,309 Home equity — — — — 27 — 138 Residential real estate 107 163 350 — 26 620 26 Premium nance receivables -property & casualty 7,361 5,403 7,431 8,354 6,860 20,195 20,320 Premium nance receivables - lifeinsurance — — — — 18 — 30 Consumer and other 217 172 180 203 174 569 500 Total charge-o s 27,174 17,282 23,649 27,076 28,846 68,105 64,790 Recoveries: Commercial 1,577 1,710 1,419 956 1,449 4,706 4,124 Commercial real estate 2,103 5 6 4 241 2,114 263 Home equity 12 16 303 28 104 331 350 Residential real estate 24 1 1 1 1 26 139 Premium nance receivables -property & casualty 2,435 2,076 3,437 4,275 2,459 7,948 9,281 Premium nance receivables - lifeinsurance — — — — — — — Consumer and other 26 28 65 32 37 119 98 Total recoveries 6,177 3,836 5,231 5,296 4,291 15,244 14,255 Net charge-o s (20,997) (13,446) (18,418) (21,780) (24,555) (52,861) (50,535)Allowance for credit losses atperiod end $ 486,053 $ 481,189 $ 471,591 $ 460,465 $ 454,586 $ 486,053 $ 454,586 Annualized net charge-o s (recoveries) by category as a percentage of its own respective category’s average: Commercial 0.39% 0.20% 0.17% 0.29% 0.49% 0.26% 0.28%Commercial real estate (0.05) 0.02 0.21 0.16 (0.00) 0.06 0.06 Home equity (0.01) (0.01) (0.26) (0.02) (0.06) (0.09) (0.06)Residential real estate 0.01 0.01 0.03 (0.00) 0.00 0.02 (0.00)Premium nance receivables -property & casualty 0.22 0.16 0.20 0.20 0.20 0.20 0.19 Premium nance receivables - lifeinsurance — — — — 0.00 — 0.00 Consumer and other 0.41 0.42 0.35 0.47 0.40 0.39 0.43 Total loans, net of unearnedincome 0.15% 0.10% 0.14% 0.17% 0.19% 0.13% 0.14% Loans at period end $56,804,571 $55,654,947 $54,071,292 $53,105,101 $52,063,482 Allowance for loan losses as apercentage of loans at period end 0.71% 0.72% 0.72% 0.71% 0.74% Allowance for loan and unfundedlending-related commitment losses fl id (2) (3) (1) Excludes cash ow hedges with future e ective starting dates and those that have matured as of September 30, 2026. The $6.65 billion of cash owhedging derivatives includes receive xed swaps, collars and oors of which $5.70 billion were impacting the cash ows of loans indexed to one-monthSOFR as of September 30, 2026.(2) SOFR - Secured Overnight Financing Rate.(3) CMT - Constant Maturity Treasury Rate. 17
Page 18
as a percentage of loans at periodend 0.86 0.86 0.87 0.87 0.87 TABLE 11: ALLOWANCE AND PROVISION FOR CREDIT LOSSES BY COMPONENT Three Months EndedNine Months Ended Sep 30, Jun 30, Mar 31, Dec 31, Sep 30,Sep 30, Sep 30,(In thousands) 2026 2026 2026 2025 2025 2026 2025 Provision for loan losses - Other $ 19,792 $ 25,837 $ 29,836 $ 14,369 $ 19,610 $ 75,465 $ 73,043 Provision for unfunded lending-related commitments losses -Other 6,094 (2,666) (239) 13,354 2,160 3,189 (5,017)Provision for held-to-maturitysecurities losses (7) (37) (3) (135) (2) (47) (61) Provision for credit losses $ 25,879 $ 23,134 $ 29,594 $ 27,588 $ 21,768 $ 78,607 $ 67,965 Allowance for loan losses $ 401,729 $ 402,952 $ 390,651 $ 379,283 $ 386,622 Allowance for unfunded lending-related commitments losses 84,111 78,017 80,683 80,922 67,569 Allowance for loan losses andunfunded lending-relatedcommitments losses 485,840 480,969 471,334 460,205 454,191 Allowance for held-to-maturitysecurities losses 213 220 257 260 395 Allowance for credit losses $ 486,053 $ 481,189 $ 471,591 $ 460,465 $ 454,586 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 September 30, 2026, June 30, 2026 and March 31, 2026. As of Sep 30, 2026As of Jun 30, 2026As of Mar 31, 2026 (Dollars in thousands)Recorded Investment Calculated Allowance % of its category’sbalanceRecorded Investment Calculated Allowance % of its category’sbalanceRecorded Investment Calculated Allowance % of its category’sbalance Commercial$18,341,765 $240,134 1.31%$18,281,311 $234,809 1.28%$17,763,221 $210,959 1.19%Commercial real estate: Construction anddevelopment 2,678,889 66,450 2.48 2,655,665 67,343 2.54 2,323,942 74,092 3.19 Non-construction 12,281,722 142,623 1.16 11,614,942 142,605 1.23 11,838,344 150,778 1.27 Total commercial real estate$14,960,611 $209,073 1.40%$14,270,607 $209,948 1.47%$14,162,286 $224,870 1.59%Total commercial andcommercial real estate$33,302,376 $449,207 1.35%$32,551,918 $444,757 1.37%$31,925,507 $435,829 1.37% Home equity 507,831 9,837 1.94 491,782 10,004 2.03 471,264 10,213 2.17 Residential real estate 4,696,015 13,619 0.29 4,542,692 13,257 0.29 4,465,166 13,081 0.29 Premium nance receivables -property & casualty 8,624,322 11,499 0.13 8,612,023 11,142 0.13 7,890,331 10,591 0.13 Premium nance receivables -life insurance 9,538,863 830 0.01 9,312,521 810 0.01 9,196,382 800 0.01 Consumer and other 135,164 848 0.63 144,011 999 0.69 122,642 820 0.67 T ll f d 18
Page 19
Total loans, net of unearnedincome $56,804,571 $485,840 0.86%$55,654,947 $480,969 0.86%$54,071,292 $471,334 0.87% Total core loans$33,868,895 $413,833 1.22%$32,716,938 $406,752 1.24%$32,118,691 $408,892 1.27%Total niche loans 22,935,676 72,007 0.31 22,938,009 74,217 0.32 21,952,601 62,442 0.28 TABLE 13: LOAN PORTFOLIO AGING (In thousands) Sep 30, 2026 Jun 30, 2026 Mar 31, 2026 Dec 31, 2025 Sep 30, 2025 Loan Balances: Commercial Non-accrual $ 85,670 $ 90,642 $ 87,750 $ 78,059 $ 66,57790+ days and still accruing — — — — —60-89 days past due 21,825 14,851 9,996 22,952 12,19030-59 days past due 39,132 38,292 90,389 90,205 36,136Current 18,195,138 18,137,526 17,575,086 16,853,470 16,429,439 Total commercial $ 18,341,765 $ 18,281,311 $ 17,763,221 $ 17,044,686 $ 16,544,342Commercial real estate Non-accrual $ 13,013 $ 17,220 $ 16,757 $ 25,147 $ 28,20290+ days and still accruing — — — — —60-89 days past due 17,827 14,879 17,133 19,529 14,11930-59 days past due 74,545 60,451 54,143 65,601 83,055Current 14,855,226 14,178,057 14,074,253 13,830,459 13,493,831 Total commercial real estate $ 14,960,611 $ 14,270,607 $ 14,162,286 $ 13,940,736 $ 13,619,207Home equity Non-accrual $ 1,149 $ 1,177 $ 1,142 $ 1,221 $ 1,29590+ days and still accruing — — — — —60-89 days past due 1,085 690 463 1,112 24630-59 days past due 1,427 878 2,012 2,818 2,294Current 504,170 489,037 467,647 475,374 480,367 Total home equity $ 507,831 $ 491,782 $ 471,264 $ 480,525 $ 484,202Residential real estate Early buy-out loans guaranteed by U.S. governmentagencies $ 143,138 $ 131,335 $ 145,225 $ 145,793 $ 124,824Non-accrual 26,218 25,910 27,360 32,862 28,94290+ days and still accruing — — — — —60-89 days past due 5,390 3,310 129 7,562 8,82930-59 days past due 114 — 30,854 24,908 95Current 4,521,155 4,382,137 4,261,598 4,106,107 3,981,180 Total residential real estate $ 4,696,015 $ 4,542,692 $ 4,465,166 $ 4,317,232 $ 4,143,870Premium nance receivables - property & casualty Non-accrual $ 23,341 $ 28,061 $ 33,891 $ 29,354 $ 24,51290+ days and still accruing 17,093 16,003 15,823 19,115 13,00660-89 days past due 19,238 18,198 16,188 29,294 23,52730-59 days past due 33,757 25,864 47,936 57,685 38,133Current 8,530,893 8,523,897 7,776,493 8,047,968 8,267,114Total Premium nance receivables - property &casualty $ 8,624,322 $ 8,612,023 $ 7,890,331 $ 8,183,416 $ 8,366,292Premium nance receivables - life insurance Non-accrual $ — $ — $ — $ — $ —90+ days and still accruing 10,380 — — — —60-89 days past due 536 2,908 22,690 13,887 34,01630-59 days past due 3,515 8,606 58,760 22,806 34,506Current 9,524,432 9,301,007 9,114,932 8,986,949 8,690,031 Total Premium nance receivables - life insurance $ 9,538,863 $ 9,312,521 $ 9,196,382 $ 9,023,642 $ 8,758,553Consumer and other Non-accrual $ 27 $ 113 $ 16 $ 8 $ 3890+ days and still accruing 13 145 10 42 6060-89 days past due 42 195 130 466 4930-59 days past due 251 1,253 230 643 159Current 134,831 142,305 122,256 113,705 146,710 Total consumer and other $ 135,164 $ 144,011 $ 122,642 $ 114,864 $ 147,016Total loans, net of unearned income Early buy-out loans guaranteed by U.S. governmentagencies $ 143,138 $ 131,335 $ 145,225 $ 145,793 $ 124,824Non-accrual 149,418 163,123 166,916 166,651 149,56690+ days and still accruing 27,486 16,148 15,833 19,157 13,06660-89 days past due 65,943 55,031 66,729 94,802 92,9763059d d 152741 135344 284324 264666 194378 (1) (1) (1) See Table 1 for additional detail on core and niche loans. (1) (1) 19
Page 20
30-59 days past due 152,741 135,344 284,324 264,666 194,378Current 56,265,845 55,153,966 53,392,265 52,414,032 51,488,672 Total loans, net of unearned income $ 56,804,571 $ 55,654,947 $ 54,071,292 $ 53,105,101 $ 52,063,482 TABLE 14: NON-PERFORMING ASSETS Sep 30, Jun 30, Mar 31, Dec 31, Sep 30,(Dollars in thousands) 2026 2026 2026 2025 2025 Loans past due greater than 90 days and stillaccruing: Commercial $ — $ — $ — $ — $ — Commercial real estate — — — — — Home equity — — — — — Residential real estate — — — — — Premium nance receivables - property & casualty 17,093 16,003 15,823 19,115 13,006 Premium nance receivables - life insurance 10,380 — — — — Consumer and other 13 145 10 42 60 Total loans past due greater than 90 days andstill accruing 27,486 16,148 15,833 19,157 13,066 Non-accrual loans: Commercial 85,670 90,642 87,750 78,059 66,577 Commercial real estate 13,013 17,220 16,757 25,147 28,202 Home equity 1,149 1,177 1,142 1,221 1,295 Residential real estate 26,218 25,910 27,360 32,862 28,942 Premium nance receivables - property & casualty 23,341 28,061 33,891 29,354 24,512 Premium nance receivables - life insurance — — — — — Consumer and other 27 113 16 8 38 Total non-accrual loans 149,418 163,123 166,916 166,651 149,566 Total non-performing loans: Commercial 85,670 90,642 87,750 78,059 66,577 Commercial real estate 13,013 17,220 16,757 25,147 28,202 Home equity 1,149 1,177 1,142 1,221 1,295 Residential real estate 26,218 25,910 27,360 32,862 28,942 Premium nance receivables - property & casualty 40,434 44,064 49,714 48,469 37,518 Premium nance receivables - life insurance 10,380 — — — — Consumer and other 40 258 26 50 98 Total non-performing loans$ 176,904 $ 179,271 $ 182,749 $ 185,808 $ 162,632 Other real estate owned 16,404 15,940 17,439 20,839 24,832 Total non-performing assets$ 193,308 $ 195,211 $ 200,188 $ 206,647 $ 187,464 Total non-performing loans by category as a percentof its own respective category’s period-end balance: Commercial 0.47% 0.50% 0.49% 0.46% 0.40%Commercial real estate 0.09 0.12 0.12 0.18 0.21 Home equity 0.23 0.24 0.24 0.25 0.27 Residential real estate 0.56 0.57 0.61 0.76 0.70 Premium nance receivables - property & casualty 0.47 0.51 0.63 0.59 0.45 Premium nance receivables - life insurance 0.11 — — — — Consumer and other 0.03 0.18 0.02 0.04 0.07 Total loans, net of unearned income 0.31% 0.32% 0.34% 0.35% 0.31% Total non-performing assets as a percentage of totalassets 0.25% 0.26% 0.28% 0.29% 0.27%Allowance for loan losses and unfunded lending-related commitments losses as a percentage of non-accrual loans 325.15% 294.85% 282.38% 276.15% 303.67% Non-performing Loans Rollforward, excluding early buy-out loans guaranteed by U.S. government agencies (1) Early buy-out loans are insured or guaranteed by the Federal Housing Administration or the U.S. Department of Veterans A airs, subject toindemni cations and insurance limits for certain loans. (1) (1) Excludes early buy-out loans guaranteed by U.S. government agencies. Early buy-out loans are insured or guaranteed by the Federal HousingAdministration or the U.S. Department of Veterans A airs, subject to indemni cations and insurance limits for certain loans. 20
Page 21
Three Months EndedNine Months Ended Sep 30, Jun 30, Mar 31, Dec 31, Sep 30,Sep 30, Sep 30,(In thousands) 2026 2026 2026 2025 2025 2026 2025 Balance at beginning of period$ 179,271 $ 182,749 $ 185,808 $ 162,632 $ 188,838 $ 185,808 $ 170,823 Additions from becoming non-performing in the respectiveperiod 29,694 31,070 24,969 46,198 34,805 85,733 111,177 Return to performing status (11,423) (1,671) (3,663) (2,937) (3,399) (16,757) (11,502)Payments received (7,568) (19,503) (13,780) (13,734) (28,052) (40,851) (49,619)Transfer to OREO or other assets (1,582) — (868) (286) (348) (2,450) (2,595)Charge-o s, net (18,106) (7,860) (10,930) (16,998) (21,526) (36,896) (41,860)Net change for premium nancereceivables 6,618 (5,514) 1,213 10,933 (7,686) 2,317 (13,792) Balance at end of period$ 176,904 $ 179,271 $ 182,749 $ 185,808 $ 162,632 $ 176,904 $ 162,632 Other Real Estate Owned Three Months Ended Sep 30, Jun 30, Mar 31, Dec 31, Sep 30,(In thousands) 2026 2026 2026 2025 2025 Balance at beginning of period$ 15,940 $ 17,439 $ 20,839 $ 24,832 $ 23,615Disposals/resolved (127) (1,499) (4,760) (2,141) —Transfers in at fair value, less costs to sell 591 — 1,360 — 1,217Fair value adjustments — — — (1,852) — Balance at end of period$ 16,404 $ 15,940 $ 17,439 $ 20,839 $ 24,832 Period End (In thousands) Sep 30, Jun 30, Mar 31, Dec 31, Sep 30,Balance by Property Type: 2026 2026 2026 2025 2025 Residential real estate$ — $ — $ — $ — $ —Commercial real estate 16,404 15,940 17,439 20,839 24,832 Total $ 16,404 $ 15,940 $ 17,439 $ 20,839 $ 24,832 TABLE 15: NON-INTEREST INCOME Three Months EndedQ3 2026 compared to Q2 2026Q3 2026 compared to Q3 2025 Sep 30, Jun 30, Mar 31, Dec 31, Sep 30, (Dollars in thousands) 2026 2026 2026 2025 2025 $ Change % Change$ Change % Change Brokerage $ 5,144 $ 4,985 $ 5,301 $ 5,384 $ 4,426 $ 159 3%$ 718 16%Trust and asset management 35,823 34,898 36,758 33,981 32,762 925 3 3,061 9 Total wealth management 40,967 39,883 42,059 39,365 37,188 1,084 3 3,779 10 Mortgage banking 25,532 27,438 23,396 22,625 24,451 (1,906) (7) 1,081 4 Service charges on depositaccounts 22,161 21,240 20,970 20,402 19,825 921 4 2,336 12 (Losses) gains on investmentsecurities, net (1,621) 1,845 (31) 1,505 2,972 (3,466) NM (4,593) NMFees from covered call options 4,585 4,793 4,669 5,992 5,619 (208) (4) (1,034) (18)Trading gains (losses), net 48 70 10 (257) 172 (22) (31) (124) (72)Operating lease income, net 18,447 18,804 19,154 16,365 15,466 (357) (2) 2,981 19 Other: Interest rate swap fees 3,757 3,117 4,041 4,664 3,909 640 21 (152) (4)BOLI 846 3216 948 1915 1591(2370) (74) (745) (47) 21
Page 22
BOLI 846 3,216 948 1,915 1,591 (2,370) (74) (745) (47)Administrative services 1,437 1,341 1,243 1,352 1,240 96 7 197 16 Foreign currencyremeasurement (losses) gains (433) 253 (368) 322 (416) (686) NM (17) 4 Changes in fair value on EBOsand loans held-for-investment (356) (373) (287) (1,702) 1,452 17 5 (1,808) NMEarly pay-o s of capital leases 928 1,054 1,198 581 519 (126) (12) 409 79 Miscellaneous 19,975 18,588 17,140 17,261 16,839 1,387 7 3,136 19 Total Other 26,154 27,196 23,915 24,393 25,134 (1,042) (4) 1,020 4 Total Non-Interest Income$136,273 $141,269 $134,142 $130,390 $130,827 $ (4,996) (4)%$ 5,446 4% Nine Months Ended 2026 compared to 2025 Sep 30, Sep 30, (Dollars in thousands) 2026 2025 $ Change % Change Brokerage $ 15,430 $ 13,395$ 2,035 15%Trust and asset management 107,479 94,656 12,823 14 Total wealth management 122,909 108,051 14,858 14 Mortgage banking 76,366 68,150 8,216 12 Service charges on deposit accounts 64,371 58,689 5,682 10 Gains on investment securities, net 193 6,818 (6,625) (97)Fees from covered call options 14,047 14,689 (642) (4)Trading gains, net 128 259 (131) (51)Operating lease income, net 56,405 45,919 10,486 23 Other: Interest rate swap fees 10,915 9,188 1,727 19 BOLI 5,010 4,644 366 8 Administrative services 4,021 3,948 73 2 Foreign currency remeasurement (losses) gains (548) 59 (607) NMChanges in fair value on EBOs and loans held-for-investment (1,016) 2,007 (3,023) NMEarly pay-o s of capital leases 3,180 1,687 1,493 89 Miscellaneous 55,703 47,442 8,261 17 Total Other 77,265 68,975 8,290 12 Total Non-Interest Income$ 411,684 $ 371,550$ 40,134 11% TABLE 16: MORTGAGE BANKING Three Months Ended (Dollars in thousands)Sep 30, 2026 Jun 30, 2026 Mar 31, 2026 Dec 31, 2025 Sep 30, 2025 Originations: Retail originations $ 487,106 $ 660,325 $ 441,749 $ 589,139 $ 505,793 Veterans First originations 131,447 174,644 152,244 208,054 137,600 Total originations for sale (A)$ 618,553 $ 834,969 $ 593,993 $ 797,193 $ 643,393 Originations for investment 289,296 315,487 371,540 364,988 351,012 Total originations $ 907,849 $ 1,150,456 $ 965,533 $ 1,162,181 $ 994,405 As a percentage of originations for sale: Retail originations 79% 79% 74% 74% 79%Veterans First originations 21 21 26 26 21 Purchases 80% 74% 52% 52% 77%Re nances 20 26 48 48 23 Production Margin: Production revenue (B)$ 10,902 $ 13,150 $ 13,028 $ 10,878 $ 15,388 Total originations for sale (A)$ 618,553 $ 834,969 $ 593,993 $ 797,193 $ 643,393 Add: Current period end mandatory interest rate lock i f dii i f l 93178 171656 218156 122804 307932 NM - Not meaningful.BOLI - Bank-owned life insurance. EBO - Early buy-out. (1) (2) 22
Page 23
commitments to fund originations for sale 93,178 171,656 218,156 122,804 307,932 Less: Prior period end mandatory interest rate lockcommitments to fund originations for sale 171,656 218,156 122,804 307,932 163,664 Total mortgage production volume (C)$ 540,075 $ 788,469 $ 689,345 $ 612,065 $ 787,661 Production margin (B / C) 2.02% 1.67% 1.89% 1.78% 1.95%Mortgage Servicing: Loans serviced for others (D)$ 12,790,822 $ 12,669,679 $ 12,534,513 $ 12,608,694 $ 12,524,131 Mortgage Servicing Rights (“MSR”), at fair value (E) 238,485 201,903 195,276 195,023 190,938 Percentage of MSRs to loans serviced for others (E /D) 1.86% 1.59% 1.56% 1.55% 1.52%Servicing income $ 10,678 $ 10,724 $ 10,353 $ 10,185 $ 10,112 MSR Fair Value Asset Activity MSR - FV at Beginning of Period$ 201,903 $ 195,276 $ 195,023 $ 190,938 $ 193,061 MSR - Current period capitalization 7,083 8,745 6,434 9,150 5,829 MSR - Collection of expected cash ows - paydowns (1,839) (1,684) (1,620) (1,550) (1,554)MSR - Collection of expected cash ows - payo s andrepurchases (3,548) (4,815) (5,021) (6,250) (4,050)MSR - Changes in fair value model assumptions 34,886 4,381 460 2,735 (2,348) MSR Fair Value at end of period$ 238,485 $ 201,903 $ 195,276 $ 195,023 $ 190,938 Summary of Mortgage Banking Revenue: Operational: Production revenue$ 10,902 $ 13,150 $ 13,028 $ 10,878 $ 15,388 MSR - Current period capitalization 7,083 8,745 6,434 9,150 5,829 MSR - Collection of expected cash ows - paydowns (1,839) (1,684) (1,620) (1,550) (1,554)MSR - Collection of expected cash ows - payo s andrepurchases (3,548) (4,815) (5,021) (6,250) (4,050)Servicing Income 10,678 10,724 10,353 10,185 10,112 Other Revenue (282) 72 (45) (17) (345) Total operational mortgage banking revenue$ 22,994 $ 26,192 $ 23,129 $ 22,396 $ 25,380 Fair Value: MSR - changes in fair value model assumptions$ 34,886 $ 4,381 $ 460 $ 2,735 $ (2,348)(Loss) gain on derivative contract held as an economichedge, net (27,671) (3,396) (900) (2,425) 265 Changes in FV on early buy-out loans guaranteed byUS Govt held-for-sale (4,677) 261 707 (81) 1,154 Total fair value mortgage banking revenue$ 2,538 $ 1,246 $ 267 $ 229 $ (929) Total mortgage banking revenue$ 25,532 $ 27,438 $ 23,396 $ 22,625 $ 24,451 Nine Months Ended (Dollars in thousands) Sep 30, 2026 Sep 30, 2025 Originations: Retail originations $ 1,589,180 $ 1,378,020 Veterans First originations 458,335 407,372 Total originations for sale (A)$ 2,047,515 $ 1,785,392 Originations for investment 976,323 991,115 Total originations $ 3,023,838 $ 2,776,507 As a percentage of originations for sale: Retail originations 78% 77%Veterans First originations 22 23 Purchases 69% 76%Re nances 31 24 Production Margin: Production revenue (B) $ 37,080 $ 38,709 Total originations for sale (A)$ 2,047,515 $ 1,785,392 Add: Current period end mandatory interest rate lockcommitments to fund originations for sale 93,178 307,932 Less: Prior period end mandatory interest rate lock commitmentsto fund originations for sale 122,804 103,946 Total mortgage production volume (C)$ 2,017,889 $ 1,989,378 Production margin (B / C) 1.84% 1.95%Mortgage Servicing: Loans serviced for others (D)$ 12,790,822 $ 12,524,131 MSRs, at fair value (E) 238,485 190,938 Percentage of MSRs to loans serviced for others (E / D) 1.86% 1.52%Servicing income $ 31,755 $ 31,243 MSR Fair Value Asset Activity MSR - FV at Beginning of Period$ 195,023 $ 203,788 MSR - Current period capitalization 22,262 16,834 MSR - Collection of expected cash ows - paydowns (5,143) (4,660)MSR - Collection of expected cash ows - payo s and repurchases (13,384) (11,196)MSR - Changes in fair value model assumptions 39,727 (13,828) (2) (2) (1) (1) Production revenue represents revenue earned from the origination and subsequent sale of mortgages, including gains on loans sold and fees fromoriginations, changes in other related nancial 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 acommitted loan will ultimately fund. (1) (2) (2) 23
Page 24
MSR Fair Value at end of period$ 238,485 $ 190,938 Summary of Mortgage Banking Revenue: Operational: Production revenue $ 37,080 $ 38,709 MSR - Current period capitalization 22,262 16,834 MSR - Collection of expected cash ows - paydowns (5,143) (4,660)MSR - Collection of expected cash ows - payo s and repurchases (13,384) (11,196)Servicing Income 31,755 31,243 Other Revenue (255) (596) Total operational mortgage banking revenue$ 72,315 $ 70,334 Fair Value: MSR - changes in fair value model assumptions$ 39,727 $ (13,828)(Loss) gain on derivative contract held as an economic hedge, net (31,967) 7,697 Changes in FV on early buy-out loans guaranteed by US Govt held-for-sale (3,709) 3,947 Total fair value mortgage banking revenue$ 4,051 $ (2,184) Total mortgage banking revenue$ 76,366 $ 68,150 TABLE 17: NON-INTEREST EXPENSE Three Months EndedQ3 2026 compared to Q2 2026Q3 2026 compared to Q3 2025 Sep 30, Jun 30, Mar 31, Dec 31, Sep 30, (Dollars in thousands) 2026 2026 2026 2025 2025$ Change % Change$ Change % Change Salaries and employee bene ts: Salaries $128,618 $129,875 $129,086 $124,856 $124,623$ (1,257) (1)%$ 3,995 3%Commissions and incentivecompensation 61,911 62,463 57,407 57,117 56,244 (552) (1) 5,667 10 Bene ts 40,023 41,751 41,954 40,584 38,801 (1,728) (4) 1,222 3 Total salaries and employeebene ts 230,552 234,089 228,447 222,557 219,668 (3,537) (2) 10,884 5 Software and equipment 39,179 39,288 35,654 36,096 35,027 (109) 0 4,152 12 Operating lease equipment 11,661 11,187 10,987 11,034 10,409 474 4 1,252 12 Occupancy, net 19,548 21,153 20,566 20,105 20,809 (1,605) (8) (1,261) (6)Data processing 11,218 10,659 11,266 11,809 11,329 559 5 (111) (1)Advertising and marketing 21,806 20,432 13,218 13,792 19,027 1,374 7 2,779 15 Professional fees 10,687 9,342 7,375 8,280 7,465 1,345 14 3,222 43 Amortization of other acquisition-related intangible assets 4,686 4,921 4,958 4,999 5,196 (235) (5) (510) (10)FDIC insurance 12,138 11,796 10,990 11,061 11,418 342 3 720 6 FDIC insurance - special assessment — (5,156) — (499) — 5,156 100 — — OREO expense, net 282 786 207 2,162 262 (504) (64) 20 8 Other: Lending expenses, net of deferredorigination costs 6,196 6,165 6,510 6,367 6,169 31 1 27 0 Travel and entertainment 6,874 6,938 5,426 7,965 6,029 (64) (1) 845 14 Miscellaneous 30,838 25,937 27,028 28,725 27,220 4,901 19 3,618 13 Total other 43,908 39,040 38,964 43,057 39,418 4,868 12 4,490 11 Total Non-Interest Expense$405,665 $397,537 $382,632 $384,453 $380,028$ 8,128 2%$25,637 7% Nine Months Ended 2026 compared to 2025 Sep 30, Sep 30, (Dollars in thousands) 2026 2025 $ Change % Change Salaries and employee bene ts: Sl i $ 387579$ 371714$ 15865 4% (1) (1) Production revenue represents revenue earned from the origination and subsequent sale of mortgages, including gains on loans sold and fees fromoriginations, changes in other related nancial 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 acommitted loan will ultimately fund. 24
Page 25
Salaries $ 387,579 $ 371,714$ 15,865 4%Commissions and incentive compensation 181,781 164,651 17,130 10 Bene ts 123,728 114,370 9,358 8 Total salaries and employee bene ts 693,088 650,735 42,353 7 Software and equipment 114,121 106,266 7,855 7 Operating lease equipment 33,835 31,637 2,198 7 Occupancy, net 61,267 61,815 (548) (1)Data processing 33,143 34,713 (1,570) (5)Advertising and marketing 55,456 50,060 5,396 11 Professional fees 27,404 25,752 1,652 6 Amortization of other acquisition-related intangible assets 14,565 16,394 (1,829) (11)FDIC insurance 34,924 33,315 1,609 5 FDIC insurance - special assessment (5,156) — (5,156) (100)OREO expense, net 1,275 1,410 (135) (10)Other: Lending expenses, net of deferred origination costs 18,871 16,904 1,967 12 Travel and entertainment 19,238 17,325 1,913 11 Miscellaneous 83,803 81,253 2,550 3 Total other 121,912 115,482 6,430 6 Total Non-Interest Expense$ 1,185,834 $ 1,127,579$ 58,255 5% 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 e ciency 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 nancial 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 e ciency. Other nancial holding companies may de ne or calculate these measures and ratios di erently. 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 re ect tax-exempt interest income on an equivalent before-tax basis using tax rates e ective 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 e ciency ratio. The e ciency 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 pro tability. Management considers pre-tax income, excluding provision for credit losses, as a NM - Not meaningful. 25
Page 26
useful measurement of the Company’s core net income. Three Months EndedNine Months Ended Sep 30, Jun 30, Mar 31, Dec 31, Sep 30,Sep 30, Sep 30,(Dollars and shares in thousands) 2026 2026 2026 2025 2025 2026 2025 Reconciliation of Non-GAAP Net Interest Margin and E ciency Ratio: (A) Interest Income (GAAP)$1,002,861 $ 961,412 $ 927,560 $ 956,326 $ 963,834 $2,891,833 $2,771,707 Taxable-equivalent adjustment: - Loans 2,151 2,111 2,026 2,134 2,154 6,288 6,560 - Liquidity Management Assets 610 630 586 661 675 1,826 2,045 - Other Earning Assets — — — — — — 3 (B) Interest Income (non-GAAP)$1,005,622 $ 964,153 $ 930,172 $ 959,121 $ 966,663 $2,899,947 $2,780,315 (C) Interest Expense (GAAP) 381,257 364,046 348,536 372,452 396,824 1,093,839 1,131,529 (D) Net Interest Income (GAAP) (Aminus C) 621,604 597,366 579,024 583,874 567,010 1,797,994 1,640,178 (E) Net Interest Income (non-GAAP)(B minus C) 624,365 600,107 581,636 586,669 569,839 1,806,108 1,648,786 Net interest margin (GAAP) 3.49% 3.50% 3.54% 3.52% 3.48% 3.51% 3.51%Net interest margin, fully taxable-equivalent (non-GAAP) 3.51 3.52 3.56 3.54 3.50 3.53 3.53 (F) Non-interest income$ 136,273 $ 141,269 $ 134,142 $ 130,390 $ 130,827 $ 411,684 $ 371,550 (G) (Losses) gains on investmentsecurities, net (1,621) 1,845 (31) 1,505 2,972 193 6,818 (H) Non-interest expense 405,665 397,537 382,632 384,453 380,028 1,185,834 1,127,579 E ciency ratio (H/(D+F-G)) 53.41% 53.96% 53.65% 53.94% 54.69% 53.67% 56.24%E ciency ratio (non-GAAP) (H/(E+F-G)) 53.22 53.76 53.45 53.73 54.47 53.47 56.00 Three Months EndedNine Months Ended Sep 30, Jun 30, Mar 31, Dec 31, Sep 30,Sep 30, Sep 30,(Dollars and shares in thousands) 2026 2026 2026 2025 2025 2026 2025 Reconciliation of Non-GAAP Tangible Common Equity Ratio: Total shareholders’ equity (GAAP)$7,289,546 $7,525,116 $7,378,100 $7,258,715 $7,045,757 Less: Non-convertible preferredstock (GAAP) (425,000) (425,000) (425,000) (425,000) (425,000) Less: Acquisition-related intangibleassets (GAAP) (914,694) (885,338) (890,698) (895,959) (902,936) (I) Total tangible commonshareholders’ equity (non-GAAP)$5,949,852 $6,214,778 $6,062,402 $5,937,756 $5,717,821 (J) Total assets (GAAP)$75,971,620 $74,668,135 $72,157,433 $71,142,046 $69,629,638 Less: Acquisition-related intangibleassets (GAAP) (914,694) (885,338) (890,698) (895,959) (902,936) (K) Total tangible assets (non-GAAP) $75,056,926 $73,782,797 $71,266,735 $70,246,087 $68,726,702 Common equity to assets ratio(GAAP) (L/J) 9.0% 9.5% 9.6% 9.6% 9.5% Tangible common equity ratio (non-GAAP) (I/K) 7.9 8.4 8.5 8.5 8.3 Reconciliation of Non-GAAP Tangible Book Value per Common Share: Total shareholders’ equity$7,289,546 $7,525,116 $7,378,100 $7,258,715 $7,045,757 Less: Non-convertible preferredstock (GAAP) (425,000) (425,000) (425,000) (425,000) (425,000) (L) Total common equity$6,864,546 $7,100,116 $6,953,100 $6,833,715 $6,620,757 (M) Actual common sharesoutstanding 67,472 67,455 67,437 66,975 66,961 Book value per common share (L/M)$ 101.74 $ 105.26 $ 103.10 $ 102.03 $ 98.87 Tangible book value per commonshare (non-GAAP) (I/M) 88.18 92.13 89.90 88.66 85.39 Reconciliation of Non-GAAP Return on Average Tangible Common Equity: (N) Net income applicable tocommon shares$ 230,687 $ 225,326 $ 219,021 $ 214,657 $ 188,913 $ 675,034 $ 559,497 Add: Acquisition-related intangible i i 4686 4921 4958 4999 5196 14565 16394 26
Page 27
asset amortization 4,686 4,921 4,958 4,999 5,196 14,565 16,394 Less: Tax e ect of acquisition-relatedintangible asset amortization (1,251) (1,304) (1,210) (1,310) (1,403) (3,772) (4,328)After-tax Acquisition-relatedintangible asset amortization$ 3,435 $ 3,617 $ 3,748 $ 3,689 $ 3,793 $ 10,793 $ 12,066 (O) Tangible net incomeapplicable to common shares(non-GAAP) $ 234,122 $ 228,943 $ 222,769 $ 218,346 $ 192,706 $ 685,827 $ 571,563 Total average shareholders’ equity$7,558,263 $7,474,449 $7,387,713 $7,166,608 $6,955,543 $7,474,100 $6,761,319 Less: Average preferred stock (425,000) (425,000) (425,000) (425,000) (483,288) (425,000) (498,626)(P) Total average commonshareholders’ equity$7,133,263 $7,049,449 $6,962,713 $6,741,608 $6,472,255 $7,049,100 $6,262,693 Less: Average acquisition-relatedintangible assets (895,137) (889,059) (894,211) (901,022) (906,032) (892,805) (910,972)(Q) Total average tangiblecommon shareholders’ equity(non-GAAP)$6,238,126 $6,160,390 $6,068,502 $5,840,586 $5,566,223 $6,156,295 $5,351,721 Return on average common equity,annualized (N/P) 12.83% 12.82% 12.76% 12.63% 11.58% 12.80% 11.94%Return on average tangible commonequity, annualized (non-GAAP) (O/Q) 14.89 14.91 14.89 14.83 13.74 14.89 14.28 Reconciliation of Non-GAAP Pre-Tax, Pre-Provision Income: Income before taxes$ 326,333 $ 317,964 $ 300,940 $ 302,223 $ 296,041 $ 945,237 $ 816,184 Add: Provision for credit losses 25,879 23,134 29,594 27,588 21,768 78,607 67,965 Pre-tax income, excluding provisionfor credit losses (non-GAAP)$ 352,212 $ 341,098 $ 330,534 $ 329,811 $ 317,809 $1,023,844 $ 884,149 Three Months EndedNine Months Ended Sep 30, Jun 30, Mar 31, Dec 31, Sep 30,Sep 30, Sep 30,(Dollars and shares in thousands, except pershare data) 2026 2026 2026 2025 2025 2026 2025 Reconciliation of Non-GAAP Net Income per Common Share: Net income $ 239,054 $ 233,693 $ 227,388 $ 223,024 $ 216,254$ 700,135 $ 600,820Preferred stock dividends 8,367 8,367 8,367 8,367 13,295 25,101 27,277Preferred stock redemption — — — — 14,046 — 14,046 (R) Net income applicable to common shares$ 230,687 $ 225,326 $ 219,021 $ 214,657 $ 188,913$ 675,034 $ 559,497(S) Weighted average common sharesoutstanding 67,467 67,434 67,246 66,970 66,952 67,383 66,871Dilutive potential common shares 911 852 851 1,143 1,028 876 945(T) Average common shares and dilutivecommon shares 68,378 68,286 68,097 68,113 67,980 68,259 67,816 Net income per common share - Basic (R/S)$ 3.42 $ 3.34 $ 3.26 $ 3.21 $ 2.82$ 10.02 $ 8.37Net income per common share - Diluted (R/T)$ 3.37 $ 3.30 $ 3.22 $ 3.15 $ 2.78$ 9.89 $ 8.25Preferred stock series F excess one-timeextended rst dividend$ — $ — $ — $ — $ 4,927$ — $ 4,927Preferred stock redemption — — — — 14,046 — 14,046(U) Total non-recurring preferred stock o eringimpact (non-GAAP)$ — $ — $ — $ — $ 18,973$ — $ 18,973Net income per common share - Basic (non-GAAP) (R+U)/S $ 3.42 $ 3.34 $ 3.26 $ 3.21 $ 3.11$ 10.02 $ 8.65Net income per common share - Diluted (non-GAAP) (R+U)/T $ 3.37 $ 3.30 $ 3.22 $ 3.15 $ 3.06$ 9.89 $ 8.53 WINTRUST SUBSIDIARIES Wintrust is a nancial 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 & 27
Page 28
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 nancing and value-added out-sourced administrative services, such as data processing of payrolls, billing and cash management services, to temporary sta ng 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 o ces 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 o ers direct leasing opportunities. CDEC provides Quali ed Intermediary services (as de ned 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 identi ed 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 di cult to predict, 28
Page 29
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 lings. 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 nancial performance, the performance of its loan portfolio, the expected amount of future credit reserves and charge-o s, delinquency trends, growth plans, regulatory developments, securities that the Company may o er from time to time, and management’s long-term performance goals, as well as statements relating to the anticipated e ects on the Company’s nancial condition and results of operations from expected developments or events, the Company’s business and growth strategies, including future acquisitions of banks, specialty nance or wealth management businesses, internal growth and plans to form additional de novo banks or branch o ces. Actual results could di er 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 a ect the economy, housing prices, the job market and other factors that may adversely a ect 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 e ects su ered by us or our customers resulting from changes in U.S. or international trade policies or armed hostilities; 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 signi cantly from period to period; the nancial 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 a ect, 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 a ect the Company’s net interest income and net interest margin, and which could materially adversely a ect the Company’s pro tability; 29
Page 30
competitive pressures in the nancial services business which may a ect 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, di culties or developments related to the Company’s recent or future acquisitions; unexpected di culties and losses related to FDIC-assisted acquisitions; harm to the Company’s reputation; any negative perception of the Company’s nancial 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 e ciencies 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 e ects on our information technology systems, or those of third parties, resulting from failures, human error or cyberattacks (including ransomware); adverse e ects 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 nancial 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 e ect on our reputation; losses incurred in connection with repurchases and indemni cation 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 nancial transactions without the use of a bank; the soundness of other nancial institutions and the impact of recent failures of nancial institutions, including broader nancial 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; 30
Page 31
changes in accounting standards, rules and interpretations, and the impact on the Company’s nancial 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 nancial services companies and/or the products and services o ered by nancial 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 in ation or otherwise; regulatory restrictions upon our ability to market our products to consumers and limitations on our ability to pro tably 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 nance business; credit downgrades among commercial and life insurance providers that could negatively a ect the value of collateral securing the Company’s premium nance loans; the Company’s ability to comply with covenants under its credit facility; uctuations 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 e ects 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 re ect 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 led with the Securities and Exchange Commission and in its press releases. 31
Page 32
CONFERENCE CALL, WEBCAST AND REPLAY The Company will hold a conference call on Tuesday, October 20, 2026 at 10:00 a.m. (CDT) regarding third 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 September 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 third 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 O cer (847) 939-9000 Amy Yuhn, Executive Vice President, Communications (847) 939-9591 Web site address: www.wintrust.com Source: Wintrust Financial Corporation 32