Financial Analysis

Business Combinations On August 1, 2024, the Company completed its previously announced acquisition of Macatawa Bank Corporation (Macatawa), the parent company of Macatawa Bank. Pursuant to the terms of the merger, each common share of Macatawa outstanding at the time of merger was converted into the right to receive 0.137 shares of Wintrust common stock, with cash paid in lieu of fractional shares. As a result, the Company issued approximately 4.7 million shares of common stock, the fair value of consideration paid was $499.3 million. Macatawa operates full-service branches located throughout communities in Kent, Ottawa and northern Allegan counties in the state of Michigan. Macatawa offers a full range of banking, retail and commercial lending, wealth management and ecommerce services to individuals, businesses and governmental entities. As of August 1, 2024, Macatawa had fair values of approximately $2.9 billion in assets, $2.3 billion in deposits and $1.3 billion in loans. In conjunction with the acquisition, the Company recorded $53.7 million discount on acquired loans, $33.5 million discount on securities and recorded total intangibles of $253.0 million. As of the first quarter of 2025, the purchase accounting was finalized and is no longer subject to change. …

BusinessCombinationDisclosureTextBlock · excerpt; the full note is in the filing

Commitments and Contingencies The Company has outstanding, at any time, a number of commitments to extend credit. These commitments include revolving home equity line and other credit agreements, term loan commitments and standby and commercial letters of credit. Standby and commercial letters of credit are conditional commitments issued to guarantee the performance of a customer to a third party. Standby letters of credit are contingent upon the failure of the customer to perform according to the terms of the underlying contract with the third party, while commercial letters of credit are issued specifically to facilitate commerce and typically result in the commitment being drawn on when the underlying transaction is consummated between the customer and the third party. These commitments involve, to varying degrees, elements of credit and interest rate risk in excess of the amounts recognized in the Consolidated Statements of Condition. Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The Company uses the same credit policies in making commitments as it does for on-balance sheet instruments. Commitments to extend commercial, commercial real estate and construction loans totaled $11.8 billion and $11.5 billion as of December 31, 2025 and 2024, respectively, and unused home equity lines totaled $1.0 billion and $999.1 million as of December 31, 2025 and 2024, resp …

CommitmentsAndContingenciesDisclosureTextBlock · excerpt; the full note is in the filing

Other Borrowings The following is a summary of other borrowings at December 31, 2025 and 2024: (In thousands) 2025 2024 Notes payable $ $ 142,763 Secured Borrowings 422,107 334,934 Other 55,859 57,106 Total other borrowings $ 477,966 $ 534,803 Notes Payable On December 12, 2022, the Company entered into a credit agreement (as amended, the Amended and Restated Credit Agreement) with certain unaffiliated banks. The Credit Agreement consists of a $200.0 million term loan facility and a $100.0 million revolving credit facility. The term loan facility was paid in full in December 2025. The Amended and Restated Credit Agreement provides for, among other things, a maturity date for the revolving credit facility of December 3, 2026. The Amended and Restated Credit Agreement also provides for certain financial covenants that must be met by the Company for so long as any amounts or commitments under the Amended and Restated Credit Agreement are still outstanding. Borrowings under the Amended and Restated Credit Agreement that are considered Base Rate Loans bear interest at a rate equal to the sum of (1) 75 basis points plus (2) the highest of (a) the prime rate, (b) the federal funds rate plus 50 basis points, and (c) Term SOFR for a one-month tenor in effect on such day plus 110 basis points. Borrowings under the Amended and Restated Credit Agreement that are considered Term SOFR Loans bear interest at a rate equal to the sum of (1) 160 basis points plus (2) Term SOFR for the applicab …

DebtDisclosureTextBlock · excerpt; the full note is in the filing

The following table presents revenue from contracts with customers, disaggregated by the revenue source: (Dollars in thousands) Years Ended Revenue from contracts with customers Location in income statement December 31, 2025 December 31, 2024 December 31, 2023 Brokerage and insurance product commissions Wealth management $ 18,779 $ 22,611 $ 18,645 Trust Wealth management 29,061 25,941 24,190 Asset management Wealth management 99,576 97,675 87,772 Total wealth management 147,416 146,227 130,607 Mortgage broker fees Mortgage banking 2,759 1,925 844 Service charges on deposit accounts Service charges on deposit accounts 79,091 65,651 55,250 Administrative services Other non-interest income 5,300 5,336 5,599 Card related fees Other non-interest income 15,973 17,829 13,789 Other deposit related fees Other non-interest income 15,096 13,774 14,354 Total revenue from contracts with customers $ 265,635 $ 250,742 $ 220,443

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Stock Compensation Plans and Other Employee Benefit Plans Stock Incentive Plan In May 2025, the Companys shareholders approved the 2025 Stock Incentive Plan (the 2025 Plan) which provides for the issuance of up to 1,825,000 shares of common stock plus any shares of common stock that were available for awards under the 2022 Stock Incentive Plan (the 2022 Plan) as of the effective date of the 2025 Plan. The 2025 Plan replaced the 2022 Plan, and similarly, the 2022 Plan replaced the 2015 Stock Incentive Plan (the 2015 Plan) and the 2015 Plan replaced the 2007 Stock Incentive Plan (the 2007 Plan) and the 2007 Plan replaced the 1997 Stock Incentive Plan (the 1997 Plan). The 2025 Plan, 2022 Plan, 2015 Plan, 2007 Plan and the 1997 Plan are collectively referred to as the Plans. The 2025 Plan has substantially similar terms to the predecessor plans. Awards granted under the Plans for which common shares are not issued by reason of cancellation, forfeiture, lapse of such award or settlement of such award in cash, are again available under the 2025 Plan. All grants made after the approval of the 2025 Plan are made pursuant to the 2025 Plan. As of December 31, 2025, approximately 2,185,493 shares were available for future grants assuming the maximum number of shares are issued for the performance awards outstanding. The Plans cover substantially all employees of Wintrust. The Compensation Committee of the Board of Directors administers all stock-based compensation programs and authorize …

DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock · excerpt; the full note is in the filing

Fair Value of Assets and Liabilities The Company measures, monitors and discloses certain of its assets and liabilities on a fair value basis. These financial assets and financial liabilities are measured at fair value in three levels, based on the markets in which the assets and liabilities are traded and the observability of the inputs used to determine fair value. These levels are: Level 1 unadjusted quoted prices in active markets for identical assets or liabilities. Level 2 inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These include quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability or inputs that are derived principally from or corroborated by observable market data by correlation or other means. Level 3 significant unobservable inputs that reflect the Companys own assumptions that market participants would use in pricing the assets or liabilities. Level 3 assets and liabilities include financial instruments whose value is determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which the determination of fair value requires significant management judgment or estimation. A financial instruments categorization within the above valuation hiera …

FairValueDisclosuresTextBlock · excerpt; the full note is in the filing

Goodwill and Other Acquisition-Related Intangible Assets A summary of the Companys goodwill assets by business segment is presented in the following table: (In thousands) January 1, 2025 Goodwill Acquired Impairment Loss Goodwill Adjustments December 31, 2025 Community banking $ 687,754 $ $ $ $ 687,754 Specialty finance 37,193 1,018 38,211 Wealth management 71,995 71,995 Total $ 796,942 $ $ $ 1,018 $ 797,960 The specialty finance units goodwill increased $1.0 million in 2025 as a result of foreign currency translation adjustments related to prior Canadian acquisitions. The Company assesses each reporting units goodwill for impairment on at least an annual basis and considers potential indicators of impairment at each reporting date between annual goodwill impairment tests. At October 1, 2025, the Company utilized a qualitative approach for its annual goodwill impairment tests of the community banking, specialty finance and wealth management reporting units and determined that no impairment existed at that time. At each reporting date between annual goodwill impairment tests, the Company considers potential indicators of impairment. The Company assessed whether events and circumstances as of each reporting date in 2025 resulted in it being more likely than not that the fair value of any reporting unit was less than its carrying value. Potential impairment indicators considered include the condition of the economy and banking industry; government intervention and regulatory upd …

GoodwillAndIntangibleAssetsDisclosureTextBlock · excerpt; the full note is in the filing

Income Taxes Income tax expense (benefit) for the years ended December 31, 2025, 2024 and 2023 is summarized as follows: Years Ended December 31, (In thousands) 2025 2024 2023 Current income taxes: Federal $ 174,157 $ 178,075 $ 165,518 State 67,604 52,882 62,948 Foreign 7,961 10,076 13,696 Total current income taxes $ 249,722 $ 241,033 $ 242,162 Deferred income taxes: Federal $ 43,997 $ 2,914 $ (8,245) State 942 7,927 (9,750) Foreign (98) 170 (1,712) Total deferred income taxes $ 44,841 $ 11,011 $ (19,707) Total income tax expense $ 294,563 $ 252,044 $ 222,455 The Companys income before income taxes in 2025, 2024 and 2023 includes $19.4 million, $27.3 million and $42.5 million, respectively, of foreign income attributable to its Canadian subsidiary. The tax effects of certain transactions are recorded directly to shareholders equity rather than income tax expense. The tax effect of fair value adjustments on securities available-for-sale and derivative instruments in cash flow hedges are recorded directly to shareholders equity as part of other comprehensive income (loss) and are reflected on the Consolidated Statements of Comprehensive Income. The tax effect of unrealized gains and losses on certain foreign currency transactions is also recorded in shareholders equity as part of other comprehensive income (loss). A reconciliation of the differences between taxes computed using the statutory Federal income tax rate and actual income tax expense is as follows: Years Ended Decem …

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

Lease Commitments The following tables provide a summary of lease costs, weighted average remaining lease term and discount rate and future required fixed payments related to the Companys leasing arrangements in which it is the lessee: Year Ended (In thousands) December 31, 2025 December 31, 2024 December 31, 2023 Operating lease cost $ 25,277 $ 23,446 $ 22,337 Finance lease cost: Amortization of right-of-use asset 249 249 219 Interest on lease liability 365 366 290 Short-term lease cost 143 111 41 Variable lease cost 3,640 2,865 2,391 Sublease income (80) (70) Total lease cost $ 29,674 $ 26,957 $ 25,208 Year Ended (In thousands) December 31, 2025 December 31, 2024 Cash paid for amounts included in the measurement of operating lease liabilities $ 25,584 $ 24,940 Cash paid for amounts included in the measurement of finance lease liabilities 429 349 Right-of-use asset obtained in exchange for new operating lease liabilities 11,230 9,538 Right-of-use asset obtained in exchange for new finance lease liabilities 1,222 Weighted average remaining lease term - operating leases 9.43 years 9.87 years Weighted average remaining lease term - finance leases 34.89 36.49 Weighted average discount rate - operating leases 4.43 % 4.30 % Weighted average discount rate - finance leases 3.93 3.93 (In thousands) Payments 2026 $ 24,679 2027 23,896 2028 21,925 2029 19,734 2030 13,686 2031 and thereafter 92,705 Total minimum future amounts $ 196,625 Impact of measuring the lease liability on a discou …

LesseeOperatingLeasesTextBlock · excerpt; the full note is in the filing

Accounting Pronouncements and Other Regulatory Rules Newly Adopted Income Tax Disclosures In December 2023, the Financial Accounting Standards Board (FASB) issued ASU No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, to enhance the transparency and decision usefulness of income tax disclosures. This ASU requires annually that all entities disclose increasingly disaggregated information on amount of income taxes paid. Further, this ASU requires annually that all public entities must disclose specific categories in the rate reconciliation and provide additional information for reconciling items that meet a specific quantitative threshold. The Company adopted ASU No. 2023-09 as of January 1, 2025 on a retrospective basis. Refer to Note (17) Income Taxes for further information regarding the adoption of this standard. Compensation Scope Application of Profits Interest and Similar Awards In March 2024, the FASB issued ASU No. 2024-01, Compensation Stock Compensation (Topic 718): Scope Application of Profits Interest and Similar Awards which clarifies the guidance by providing an illustrative example to demonstrate how an entity should apply the scope guidance in Topic 718 when determining whether profits interest and similar awards should be accounted for in accordance with Topic 718. The Company adopted ASU No. 2024-01 as of January 1, 2025. Adoption of this standard did not have a material impact on the Companys consolidated financial statements. Dis …

NewAccountingPronouncementsPolicyPolicyTextBlock · excerpt; the full note is in the filing

Revenue from Contracts with Customers Disaggregation of Revenue The following table presents revenue from contracts with customers, disaggregated by the revenue source: (Dollars in thousands) Years Ended Revenue from contracts with customers Location in income statement December 31, 2025 December 31, 2024 December 31, 2023 Brokerage and insurance product commissions Wealth management $ 18,779 $ 22,611 $ 18,645 Trust Wealth management 29,061 25,941 24,190 Asset management Wealth management 99,576 97,675 87,772 Total wealth management 147,416 146,227 130,607 Mortgage broker fees Mortgage banking 2,759 1,925 844 Service charges on deposit accounts Service charges on deposit accounts 79,091 65,651 55,250 Administrative services Other non-interest income 5,300 5,336 5,599 Card related fees Other non-interest income 15,973 17,829 13,789 Other deposit related fees Other non-interest income 15,096 13,774 14,354 Total revenue from contracts with customers $ 265,635 $ 250,742 $ 220,443 Wealth Management Revenue Wealth management revenue is comprised of brokerage and insurance product commissions, managed money fees and trust and asset management revenue of the Company's four wealth management subsidiaries: Wintrust Investments, GLA, WPT and CDEC. All wealth management revenue is recognized in the wealth management segment. Brokerage and insurance product commissions consists primarily of commissions earned from trade execution services on behalf of customers and from selling mutual fun …

RevenueFromContractWithCustomerTextBlock · excerpt; the full note is in the filing

Segment Information The Companys operations consist of three primary segments: community banking, specialty finance and wealth management. The three reportable segments are strategic business units that are separately managed as they offer different products and services and have different marketing strategies. In addition, each segments customer base has varying characteristics and each segment has a different regulatory environment. While the Companys management monitors each of the sixteen bank subsidiaries operations and profitability separately, these subsidiaries have been aggregated into one reportable operating segment due to the similarities in products and services, customer base, operations, profitability measures and economic characteristics. For purposes of internal segment profitability, management allocates certain intersegment and parent company balances. Management allocates a portion of revenues to the specialty finance segment related to loans and leases originated by the specialty finance segment and sold or assigned to the community banking segment. Similarly, for purposes of analyzing the contribution from the wealth management segment, management allocates a portion of the net interest income earned by the community banking segment on deposit balances of customers of the wealth management segment to the wealth management segment. See Note (10) Deposits for more information on these deposits. Finally, expenses incurred at the Wintrust parent company are …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

"Summary of Significant Accounting Policies The accounting and reporting policies of Wintrust Financial Corporation (Wintrust or the Company) and its subsidiaries conform to generally accepted accounting principles in the United States and prevailing practices of the banking industry. In the preparation of the consolidated financial statements, management is required to make certain estimates and assumptions that affect the reported amounts contained in the consolidated financial statements. Management believes that the estimates made are reasonable; however, changes in estimates may be required if economic or other conditions change beyond managements expectations. Reclassifications of certain prior year amounts have been made to conform to the current year presentation. The following is a summary of the Companys significant accounting policies. Principles of Consolidation The consolidated financial statements of Wintrust include the accounts of the Company and its subsidiaries. All significant intercompany accounts and transactions have been eliminated in the consolidated financial statements. Earnings per Share Basic earnings per share is computed by dividing income available to common shareholders by the weighted-average number of common shares outstanding for the period. Diluted earnings per share reflects the potential dilution that would occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuanc …

SignificantAccountingPoliciesTextBlock · excerpt; the full note is in the filing

Shareholders Equity A summary of the Companys common and preferred stock at December 31, 2025 and 2024 is as follows: 2025 2024 Common Stock: Shares authorized 100,000,000 100,000,000 Shares issued 67,062,182 66,560,182 Shares outstanding 66,974,913 66,495,227 Cash dividend per share $ 2.00 $ 1.80 Preferred Stock: Shares authorized 20,000,000 20,000,000 Shares issued 17,000 5,011,500 Shares outstanding 17,000 5,011,500 The Company reserves shares of its authorized common stock specifically for the 2025 Plan, the ESPP and the DDFS. The reserved shares and these plans are detailed in Note (18) Stock Compensation Plans and Other Employee Benefit Plans. Preferred Stock Redemption On July 15, 2025, the Company redeemed all 5,000,000 issued and outstanding shares of the Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series D (the Series D Preferred Stock), for a redemption price of $25.00 per share or $125.0 million. Also, the Company redeemed all 11,500 issued and outstanding shares of 6.875% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series E (the Series E Preferred Stock), and all of the related 11,500,000 issued and outstanding depositary shares (the Depositary Shares), each representing a 1/1,000 th interest in a share of Series E Preferred Stock, for a redemption price of $25,000 per share of Series E Preferred Stock (or $25.00 per Depositary Share) or $287.5 million. The regular quarterly dividends on the Series D Preferred Stock and the Ser …

StockholdersEquityNoteDisclosureTextBlock · excerpt; the full note is in the filing

Business Combinations On August 1, 2024, the Company completed its previously announced acquisition of Macatawa Bank Corporation (Macatawa), the parent company of Macatawa Bank. Pursuant to the terms of the merger, each common share of Macatawa outstanding at the time of merger was converted into the right to receive 0.137 shares of Wintrust common stock, with cash paid in lieu of fractional shares. As a result, the Company issued approximately 4.7 million shares of common stock, the fair value of consideration paid was $499.3 million. Macatawa operates 26 full-service branches located throughout communities in Kent, Ottawa and northern Allegan counties in the state of Michigan. Macatawa offers a full range of banking, retail and commercial lending, wealth management and ecommerce services to individuals, businesses and governmental entities. As of August 1, 2024, Macatawa had fair values of approximately $2.9 billion in assets, $2.3 billion in deposits and $1.3 billion in loans. In conjunction with the acquisition, the Company recorded $53.7 million discount on acquired loans, $33.5 million discount on securities and recorded total intangibles of $253.0 million. As of the first quarter of 2025, the purchase accounting was finalized and is no longer subject to change. …

BusinessCombinationDisclosureTextBlock · excerpt; the full note is in the filing

FHLB Advances, Other Borrowings and Subordinated Notes The following table is a summary of FHLB advances, other borrowings and subordinated notes as of the dates shown: (In thousands) September 30, 2025 December 31, 2024 September 30, 2024 FHLB advances $ 3,151,309 $ 3,151,309 $ 3,171,309 Other borrowings: Notes payable 121,368 142,763 149,894 Secured borrowings 401,863 334,934 439,513 Other 56,097 57,106 57,636 Total other borrowings 579,328 534,803 647,043 Subordinated notes 298,536 298,283 298,188 Total FHLB advances, other borrowings and subordinated notes $ 4,029,173 $ 3,984,395 $ 4,116,540 Descriptions of the Companys FHLB advances, other borrowings, and subordinated notes are included in Note (11) Federal Home Loan Bank Advances, Note (12) Subordinated Notes and Note (13) Other Borrowings of the 2024 Form 10-K. Notes Payable Notes payable balances represent the balances on the Companys credit agreement with certain unaffiliated banks. At September 30, 2025, the outstanding principal balance under the term loan facility was $121.4 million and there was no outstanding balance under the revolving credit facility. Borrowings under notes payable are secured by pledges of and first priority perfected security interests in the Companys equity interest in its bank subsidiaries and contain several restrictive covenants, including the maintenance of various capital adequacy levels, asset quality and profitability ratios, and certain restrictions on dividends and other indebtedne …

DebtDisclosureTextBlock · excerpt; the full note is in the filing

Stock-Based Compensation Plans As of September 30, 2025, approximately 2,184,000 shares were available for future grants, assuming the maximum number of shares are issued for the performance awards outstanding, approved under the Company Stock Incentive Plans (the Plans). Descriptions of the Plans are included in Note (18) Stock Compensation Plans and Other Employee Benefit Plans of the 2024 Form 10-K. Stock-based compensation expense recognized in the Consolidated Statements of Income was $10.1 million in the third quarter of 2025 and $9.5 million in the third quarter of 2024, and $30.6 million and $27.6 million in the nine months ended September 30, 2025 and 2024, respectively. A summary of the Plans stock option activity for the nine months ended September 30, 2025 and September 30, 2024 is presented below: Stock Options Common Shares Weighted Average Strike Price Remaining Contractual Term (1) Intrinsic Value (2) (in thousands) Outstanding at January 1, 2025 10,825 $ 43.76 Granted Exercised (5,150) 42.61 Forfeited or canceled Outstanding at September 30, 2025 5,675 $ 44.81 3.0 $ 497 Exercisable at September 30, 2025 5,675 $ 44.81 3.0 $ 497 Stock Options Common Shares Weighted Average Strike Price Remaining Contractual Term (1) Intrinsic Value (2) (in thousands) Outstanding at January 1, 2024 13,100 $ 42.76 Granted Exercised (775) 32.26 Forfeited or canceled Outstanding at September 30, 2024 12,325 $ 43.42 3.7 $ 802 Exercisable at September 30, 2024 12,325 $ 43.42 3.7 $ 80 …

DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock · excerpt; the full note is in the filing

Fair Value of Assets and Liabilities The Company measures, monitors and discloses certain of its assets and liabilities on a fair value basis. These financial assets and financial liabilities are measured at fair value in three levels, based on the markets in which the assets and liabilities are traded and the observability of the inputs used to determine fair value. These levels are: Level 1unadjusted quoted prices in active markets for identical assets or liabilities. Level 2 inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These include quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability or inputs that are derived principally from or corroborated by observable market data by correlation or other means. Level 3significant unobservable inputs that reflect the Companys own assumptions that market participants would use in pricing the assets or liabilities. Level 3 assets and liabilities include financial instruments whose value is determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which the determination of fair value requires significant management judgment or estimation. A financial instruments categorization within the above valuation hierarc …

FairValueDisclosuresTextBlock · excerpt; the full note is in the filing

Goodwill and Other Acquisition-Related Intangible Assets A summary of the Companys goodwill assets by reporting unit is presented in the following table: (In thousands) December 31, 2024 Goodwill Acquired Impairment Loss Goodwill Adjustments September 30, 2025 Community banking $ 687,754 $ $ $ $ 687,754 Specialty finance 37,193 697 37,890 Wealth management 71,995 71,995 Total $ 796,942 $ $ $ 697 $ 797,639 The specialty finance units goodwill increased $697,000 in the first nine months of 2025 as a result of foreign currency translation adjustments related to the prior Canadian acquisitions. The Company assesses each reporting units goodwill for impairment on at least an annual basis and considers potential indicators of impairment at each reporting date between annual goodwill impairment tests. At October 1, 2024, the Company utilized a quantitative approach for its annual goodwill impairment tests of the community banking, specialty finance and wealth management reporting units and determined that no impairment existed at that time. At each reporting date between annual goodwill impairment tests, the Company considers potential indicators of impairment. The Company assessed whether events and circumstances resulted in it being more likely than not that the fair value of any reporting unit was less than its carrying value. Potential impairment indicators considered include the condition of the economy and banking industry; government intervention and regulatory updates; the i …

GoodwillAndIntangibleAssetsDisclosureTextBlock · excerpt; the full note is in the filing

Income Tax Disclosures In December 2023, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, to enhance the transparency and decision usefulness of income tax disclosures. This ASU requires annually that all entities disclose increasingly disaggregated information on amount of income taxes paid. Further, this ASU requires annually that all public entities must disclose specific categories in the rate reconciliation and provide additional information for reconciling items that meet a specific quantitative threshold. This guidance is effective for fiscal years beginning after December 15, 2024, and is to be applied either on a prospective basis or retrospective basis. Early adoption is permitted. The Company expects adoption of this standard will expand income tax disclosures within the consolidated financial statements. Compensation Scope Application of Profits Interest and Similar Awards In March 2024, the FASB issued ASU No. 2024-01, Compensation Stock Compensation (Topic 718): Scope Application of Profits Interest and Similar Awards which clarifies the guidance by providing an illustrative example to demonstrate how an entity should apply the scope guidance in Topic 718 when determining whether profits interest and similar awards should be accounted for in accordance with Topic 718. For public business entities, this guidance is effective for fiscal years begi …

NewAccountingPronouncementsPolicyPolicyTextBlock · excerpt; the full note is in the filing

Segment Information The Companys operations consist of three primary segments: community banking, specialty finance and wealth management. The three reportable segments are strategic business units that are separately managed as they offer different products and services and have different marketing strategies. In addition, each segments customer base has varying characteristics and each segment has a different regulatory environment. While the Companys management monitors each of the sixteen bank subsidiaries operations and profitability separately, these subsidiaries have been aggregated into one reportable operating segment due to the similarities in products and services, customer base, operations, profitability measures, and economic characteristics. For purposes of internal segment profitability, management allocates certain intersegment and parent company balances. Management allocates a portion of revenues to the specialty finance segment related to loans and leases originated by the specialty finance segment and sold or assigned to the community banking segment. Similarly, for purposes of analyzing the contribution from the wealth management segment, management allocates a portion of the net interest income earned by the community banking segment on deposit balances of customers of the wealth management segment to the wealth management segment. See Note (10) Deposits in Item 1 of this report for more information on these deposits. Finally, expenses incurred at the Wi …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

Accumulated Other Comprehensive Income or Loss and Earnings Per Share Accumulated Other Comprehensive Income or Loss The following tables summarize the components of other comprehensive income or loss, including the related income tax effects, and the related amount reclassified to net income for the periods presented: (In thousands) Accumulated Unrealized (Losses) Gains on Securities Accumulated Unrealized Gains (Losses) on Derivative Instruments Accumulated Foreign Currency Translation Adjustments Total Accumulated Other Comprehensive (Loss) Income Balance at July 1, 2025 $ (369,968) $ 53,920 $ (50,185) $ (366,233) Other comprehensive income (loss) during the period, net of tax, before reclassifications 55,886 (754) (7,423) 47,709 Amount reclassified from accumulated other comprehensive income or loss into net income, net of tax (199) 3,922 3,723 Amount reclassified from accumulated other comprehensive income or loss related to amortization of unrealized gains on investment securities transferred to held-to-maturity from available-for-sale, net of tax (7) (7) Net other comprehensive income (loss) during the period, net of tax $ 55,680 $ 3,168 $ (7,423) $ 51,425 Balance at September 30, 2025 $ (314,288) $ 57,088 $ (57,608) $ (314,808) Balance at January 1, 2025 $ (429,580) $ (11,227) $ (67,528) $ (508,335) Other comprehensive income during the period, net of tax, before reclassifications 115,227 56,523 9,920 181,670 Amount reclassified from accumulated other comprehensive in …

StockholdersEquityNoteDisclosureTextBlock · excerpt; the full note is in the filing