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Condensed Parent Company Financial Statements
 12 Months Ended
Dec. 31, 2022
Condensed Financial Information Disclosure [Abstract]  
Condensed Parent Company Financial Statements Condensed Parent Company Financial Statements
Condensed parent company only financial statements of Wintrust follow:

Statements of Financial Condition

 December 31,
(In thousands)20222021
Assets
Cash$266,350 $181,157 
Available-for-sale debt securities and equity securities with readily determinable fair value14,771 17,089 
Investment in and receivable from subsidiaries5,282,530 4,966,720 
Goodwill8,371 8,371 
Other assets360,309 354,148 
Total assets$5,932,331 $5,527,485 
Liabilities and Shareholders’ Equity
Other liabilities$183,475 $194,681 
Subordinated notes437,392 436,938 
Other borrowings261,060 143,612 
Junior subordinated debentures253,566 253,566 
Shareholders’ equity4,796,838 4,498,688 
Total liabilities and shareholders’ equity$5,932,331 $5,527,485 

Statements of Income

 Years Ended December 31,
(In thousands)202220212020
Income
Dividends and other revenue from subsidiaries$120,151 $211,774 $317,839 
Other (losses) income(12,969)2,763 (1,890)
Total income$107,182 $214,537 $315,949 
Expenses
Interest expense$36,522 $38,293 $39,581 
Salaries and employee benefits138,466 109,142 75,179 
Other expenses155,744 139,816 113,886 
Total expenses$330,732 $287,251 $228,646 
(Loss) income before income taxes and equity in undistributed income of subsidiaries$(223,550)$(72,714)$87,303 
Income tax benefit70,490 56,529 42,745 
(Loss) income before equity in undistributed net income of subsidiaries$(153,060)$(16,185)$130,048 
Equity in undistributed net income of subsidiaries662,742 482,336 162,942 
Net income$509,682 $466,151 $292,990 
Statements of Cash Flows

 Years Ended December 31,
(In thousands)202220212020
Operating Activities:
Net income$509,682 $466,151 $292,990 
Adjustments to reconcile net income to net cash provided by operating activities
Losses (gains) on available-for-sale debt securities and equity securities with readily determinable fair value, net7,018 (1,794)(192)
Depreciation and amortization27,642 28,783 22,224 
Deferred income tax (benefit) expense(2,773)(5,350)11,336 
Stock-based compensation expense13,632 6,769 (2,813)
(Increase) decrease in other assets(7,116)6,598 4,838 
(Decrease) increase in other liabilities(6,107)1,225 2,388 
Equity in undistributed net income of subsidiaries(662,742)(482,336)(162,942)
Net Cash (Used for) Provided by Operating Activities$(120,764)$20,046 $167,829 
Investing Activities:
Capital contributions to subsidiaries, net$(69,000)$(27,000)$(12,000)
Other investing activity, net(30,872)(22,877)(40,127)
Net Cash Used for Investing Activities$(99,872)$(49,877)$(52,127)
Financing Activities:
Increase (decrease) in subordinated notes, other borrowings and junior subordinated debentures, net$117,381 $(23,274)$(2,690)
Proceeds from the issuance of common stock, net285,729 — — 
Proceeds from issuance of Series E Preferred Stock, net— — 277,613 
Issuance of common shares resulting from exercise of stock options and employee stock purchase plan11,233 19,824 15,059 
Dividends paid(108,210)(98,629)(85,890)
Common stock repurchases under authorized program— (9,540)(92,055)
Common stock repurchases for tax withholdings related to stock-based compensation(304)— (1,377)
Net Cash Provided by (Used for) Financing Activities$305,829 $(111,619)$110,660 
Net Increase (Decrease) in Cash and Cash Equivalents$85,193 $(141,450)$226,362 
Cash and Cash Equivalents at Beginning of Year181,157 322,607 96,245 
Cash and Cash Equivalents at End of Year$266,350 $181,157 $322,607