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Condensed Parent Company Financial Statements | 12 Months Ended
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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) |  | 2022 |  | 2021
Assets |  |  |  |
Cash |  | $ | 266,350 |  |  | $ | 181,157 |
Available-for-sale debt securities and equity securities with readily determinable fair value |  | 14,771 |  |  | 17,089 |
Investment in and receivable from subsidiaries |  | 5,282,530 |  |  | 4,966,720 |
Goodwill |  | 8,371 |  |  | 8,371 |
Other assets |  | 360,309 |  |  | 354,148 |
Total assets |  | $ | 5,932,331 |  |  | $ | 5,527,485 |
Liabilities and Shareholders’ Equity |  |  |  |
Other liabilities |  | $ | 183,475 |  |  | $ | 194,681 |
Subordinated notes |  | 437,392 |  |  | 436,938 |
Other borrowings |  | 261,060 |  |  | 143,612 |
Junior subordinated debentures |  | 253,566 |  |  | 253,566 |
Shareholders’ equity |  | 4,796,838 |  |  | 4,498,688 |
Total liabilities and shareholders’ equity |  | $ | 5,932,331 |  |  | $ | 5,527,485 |
Statements of Income
|  | Years Ended December 31,
(In thousands) |  | 2022 |  | 2021 |  | 2020
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 benefits |  | 138,466 |  |  | 109,142 |  |  | 75,179 |
Other expenses |  | 155,744 |  |  | 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 benefit |  | 70,490 |  |  | 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 subsidiaries |  | 662,742 |  |  | 482,336 |  |  | 162,942 |
Net income |  | $ | 509,682 |  |  | $ | 466,151 |  |  | $ | 292,990 |
Statements of Cash Flows
|  | Years Ended December 31,
(In thousands) |  | 2022 |  | 2021 |  | 2020
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, net |  | 7,018 |  |  | (1,794) |  |  | (192) |
Depreciation and amortization |  | 27,642 |  |  | 28,783 |  |  | 22,224 |
Deferred income tax (benefit) expense |  | (2,773) |  |  | (5,350) |  |  | 11,336 |
Stock-based compensation expense |  | 13,632 |  |  | 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, net |  | 285,729 |  |  | — |  |  | — |
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 plan |  | 11,233 |  |  | 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 Year |  | 181,157 |  |  | 322,607 |  |  | 96,245 |
Cash and Cash Equivalents at End of Year |  | $ | 266,350 |  |  | $ | 181,157 |  |  | $ | 322,607 |

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(Schedule I)) -URI https://asc.fasb.org/extlink&oid=126898705&loc=d3e5864-122674 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI https://asc.fasb.org/extlink&oid=126929396&loc=d3e5283-111683 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 + Details
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