Wintrust Financial Corporation Reports 28% Increase in Net Income for Second Quarter of 2025

Wintrust Financial Corporation reported a significant increase in its financial performance for the second quarter of 2025, with net income reaching $195.5 million, up 28% from $152.4 million in the same quarter of 2024. This growth was primarily driven by a rise in net interest income, which totaled $546.7 million, compared to $470.6 million in the prior year. The increase in net interest income was attributed to a $5.7 billion growth in average loans, reflecting the company's ability to navigate economic disruptions effectively. The net interest margin improved slightly to 3.52% from 3.50% year-over-year, aided by a reduction in funding costs.

Total assets for Wintrust increased to $69.0 billion as of June 30, 2025, marking a 15% rise from $59.8 billion a year earlier. The company's loan portfolio also expanded, reaching $51.0 billion, a 14% increase compared to the previous year. This growth was supported by various segments, including commercial and residential real estate loans, as well as premium finance receivables. Total deposits rose to $55.8 billion, a 16% increase from the previous year, reflecting the company's successful marketing efforts and the impact of the Macatawa Bank acquisition completed in August 2024.

In terms of operational metrics, Wintrust's non-interest income showed a modest increase to $124.1 million in the second quarter of 2025, compared to $121.1 million in the same quarter of 2024. This growth was driven by higher service charges on deposit accounts and gains on investment securities, although it was partially offset by a decline in mortgage banking revenue. Non-interest expenses also rose to $381.5 million, a 12% increase from the previous year, primarily due to higher salaries and employee benefits, as well as costs associated with the Macatawa acquisition.

The company maintained a strong capital position, with total shareholders' equity increasing to $7.2 billion, a 31% rise from the previous year. Wintrust's Tier 1 capital ratio stood at 11.5%, exceeding regulatory requirements. The company also issued a new series of preferred stock in May 2025, which contributed to its capital strength. Looking ahead, Wintrust's management expressed confidence in its ability to sustain growth and navigate potential economic challenges, emphasizing its diversified business model and strong deposit franchise.

Overall, Wintrust Financial Corporation's second quarter results reflect a solid performance characterized by growth in net income, assets, and deposits, alongside strategic developments such as the Macatawa acquisition, positioning the company well for future opportunities.