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Condensed Parent Company Financial Statements
 12 Months Ended
Dec. 31, 2024
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)20242023
Assets
Cash$196,969 $262,680 
Available-for-sale debt securities and equity securities with readily determinable fair value16,240 15,532 
Investment in and receivable from subsidiaries6,674,426 5,842,160 
Goodwill8,371 8,371 
Other assets371,284 364,623 
Total assets$7,267,290 $6,493,366 
Liabilities and Shareholders’ Equity
Other liabilities$171,275 $171,922 
Subordinated notes298,283 437,866 
Other borrowings199,869 230,486 
Junior subordinated debentures253,566 253,566 
Shareholders’ equity6,344,297 5,399,526 
Total liabilities and shareholders’ equity$7,267,290 $6,493,366 

Statements of Income

 Years Ended December 31,
(In thousands)202420232022
Income
Dividends and other revenue from subsidiaries$548,232 $433,784 $120,151 
Other income (losses) (1,781)1,729 (12,969)
Total income$546,451 $435,513 $107,182 
Expenses
Interest expense$49,306 $53,612 $36,522 
Salaries and employee benefits159,725 145,011 138,466 
Other expenses182,255 160,259 155,744 
Total expenses$391,286 $358,882 $330,732 
Income (loss) before income taxes and equity in undistributed income of subsidiaries$155,165 $76,631 $(223,550)
Income tax benefit79,684 72,260 70,490 
Income (loss) before equity in undistributed net income of subsidiaries$234,849 $148,891 $(153,060)
Equity in undistributed net income of subsidiaries460,196 473,735 662,742 
Net income$695,045 $622,626 $509,682 
Statements of Cash Flows
 Years Ended December 31,
(In thousands)202420232022
Operating Activities:
Net income$695,045 $622,626 $509,682 
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, net913 (442)7,018 
Depreciation and amortization35,627 25,840 27,642 
Deferred income tax benefit(9,449)(6,176)(2,773)
Stock-based compensation expense16,401 14,154 13,632 
Increase in other assets(3,862)(3,978)(7,116)
Increase (decrease) in other liabilities8,802 (6,059)(6,107)
Equity in undistributed net income of subsidiaries(460,196)(473,735)(662,742)
Net Cash Provided by (Used for) Operating Activities$283,281 $172,230 $(120,764)
Investing Activities:
Capital contributions to subsidiaries, net$— $— $(69,000)
Net cash paid for acquisitions, net(38)— — 
Other investing activity, net(37,764)(25,965)(30,872)
Net Cash Used for Investing Activities$(37,802)$(25,965)$(99,872)
Financing Activities:
(Decrease) increase in other borrowings and junior subordinated debentures, net$(30,668)$(30,641)$117,381 
Repayment of subordinated note(140,000)— — 
Proceeds from the issuance of common stock, net— — 285,729 
Issuance of common shares resulting from exercise of stock options and employee stock purchase plan6,694 8,309 11,233 
Dividends paid(143,280)(125,690)(108,210)
Common stock repurchases for tax withholdings related to stock-based compensation(3,936)(1,913)(304)
Net Cash (Used for) Provided by Financing Activities$(311,190)$(149,935)$305,829 
Net (Decrease) Increase in Cash and Cash Equivalents$(65,711)$(3,670)$85,193 
Cash and Cash Equivalents at Beginning of Year262,680 266,350 181,157 
Cash and Cash Equivalents at End of Year$196,969 $262,680 $266,350