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Condensed Parent Company Financial Statements
 12 Months Ended
Dec. 31, 2023
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)20232022
Assets
Cash$262,680 $266,350 
Available-for-sale debt securities and equity securities with readily determinable fair value15,532 14,771 
Investment in and receivable from subsidiaries5,842,160 5,282,530 
Goodwill8,371 8,371 
Other assets364,623 360,309 
Total assets$6,493,366 $5,932,331 
Liabilities and Shareholders’ Equity
Other liabilities$171,922 $183,475 
Subordinated notes437,866 437,392 
Other borrowings230,486 261,060 
Junior subordinated debentures253,566 253,566 
Shareholders’ equity5,399,526 4,796,838 
Total liabilities and shareholders’ equity$6,493,366 $5,932,331 

Statements of Income

 Years Ended December 31,
(In thousands)202320222021
Income
Dividends and other revenue from subsidiaries$433,784 $120,151 $211,774 
Other income (losses) 1,729 (12,969)2,763 
Total income$435,513 $107,182 $214,537 
Expenses
Interest expense$53,612 $36,522 $38,293 
Salaries and employee benefits145,011 138,466 109,142 
Other expenses160,259 155,744 139,816 
Total expenses$358,882 $330,732 $287,251 
Income (loss) before income taxes and equity in undistributed income of subsidiaries$76,631 $(223,550)$(72,714)
Income tax benefit72,260 70,490 56,529 
Income (loss) before equity in undistributed net income of subsidiaries$148,891 $(153,060)$(16,185)
Equity in undistributed net income of subsidiaries473,735 662,742 482,336 
Net income$622,626 $509,682 $466,151 
Statements of Cash Flows

 Years Ended December 31,
(In thousands)202320222021
Operating Activities:
Net income$622,626 $509,682 $466,151 
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, net(442)7,018 (1,794)
Depreciation and amortization25,840 27,642 28,783 
Deferred income tax (benefit) expense(6,176)(2,773)(5,350)
Stock-based compensation expense14,154 13,632 6,769 
(Increase) decrease in other assets(3,978)(7,116)6,598 
(Decrease) increase in other liabilities(6,059)(6,107)1,225 
Equity in undistributed net income of subsidiaries(473,735)(662,742)(482,336)
Net Cash Provided by (Used for) Operating Activities$172,230 $(120,764)$20,046 
Investing Activities:
Capital contributions to subsidiaries, net$— $(69,000)$(27,000)
Other investing activity, net(25,965)(30,872)(22,877)
Net Cash Used for Investing Activities$(25,965)$(99,872)$(49,877)
Financing Activities:
(Decrease) increase in subordinated notes, other borrowings and junior subordinated debentures, net$(30,641)$117,381 $(23,274)
Proceeds from the issuance of common stock, net— 285,729 — 
Issuance of common shares resulting from exercise of stock options and employee stock purchase plan8,309 11,233 19,824 
Dividends paid(125,690)(108,210)(98,629)
Common stock repurchases under authorized program— — (9,540)
Common stock repurchases for tax withholdings related to stock-based compensation(1,913)(304)— 
Net Cash (Used for) Provided by Financing Activities$(149,935)$305,829 $(111,619)
Net (Decrease) Increase in Cash and Cash Equivalents$(3,670)$85,193 $(141,450)
Cash and Cash Equivalents at Beginning of Year266,350 181,157 322,607 
Cash and Cash Equivalents at End of Year$262,680 $266,350 $181,157