Wintrust Financial Corporation reported a net income of $216.3 million for the third quarter of 2025, marking a 27% increase from $170.0 million in the same quarter of 2024. This growth was primarily driven by a rise in net interest income, which reached $567.0 million, up from $502.6 million year-over-year. The increase in net interest income was attributed to a $5.5 billion growth in average loans, despite a slight decline in the net interest margin, which stood at 3.48% for the quarter. Comprehensive income for the quarter totaled $267.7 million, down from $390.0 million in the prior year, reflecting changes in unrealized gains and losses on investment securities.
The company’s total assets increased to $69.6 billion as of September 30, 2025, a 9% rise from $63.8 billion a year earlier. Total loans, including loans held for sale, grew to $52.4 billion, up 10% from $47.5 billion in the previous year. Deposits also saw a significant increase, reaching $56.7 billion, a 10% rise compared to $51.4 billion in the same period last year. The growth in loans and deposits was supported by the company’s strong deposit franchise and effective marketing strategies aimed at attracting new customers.
Operationally, Wintrust continued to expand its loan portfolio, particularly in commercial and residential real estate, as well as insurance premium finance receivables. The company’s provision for credit losses was $21.8 million for the quarter, slightly lower than the $22.3 million recorded in the same quarter of 2024. The allowance for credit losses at the end of the quarter was $454.2 million, representing 0.87% of total loans. The company reported a decrease in non-performing loans, which totaled $162.6 million, down from $179.7 million a year earlier.
Strategically, Wintrust completed the redemption of its Series D and Series E preferred stock in July 2025, totaling $412.5 million and $287.5 million, respectively. This was funded in part by the issuance of Series F preferred stock, which raised $425 million. The company’s capital ratios remained strong, with a Tier 1 capital ratio of 10.9% and a total capital ratio of 12.4% as of September 30, 2025. Looking ahead, Wintrust aims to maintain its growth trajectory while managing risks associated with economic fluctuations and credit quality.
Overall, Wintrust Financial Corporation's third-quarter results reflect a solid performance characterized by growth in net income, assets, and loans, alongside strategic capital management initiatives. The company remains focused on leveraging its strong deposit base and expanding its lending operations while navigating the challenges posed by the current economic environment.
About WINTRUST FINANCIAL CORP
Wintrust Financial Corporation is a community-focused financial holding company providing personal and commercial banking, mortgage origination, specialty finance, and wealth management services primarily in the Chicago area, Wisconsin, Indiana, and Michigan. It operates through multiple subsidiaries, offering a broad range of banking products, loan and lease financing, and asset management solutions. The company emphasizes personalized service, local decision-making, and diversified revenue streams within a heavily regulated banking environment.
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