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Segment Information
 6 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company’s 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 segment’s customer base has varying characteristics and each segment has a different regulatory environment. While the Company’s management monitors each of the fifteen 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 Wintrust parent company are allocated to each segment based on each segment’s risk-weighted assets.

The segment financial information provided in the following table has been derived from the internal profitability reporting system used by management to monitor and manage the financial performance of the Company. The accounting policies of the segments are substantially similar to those described in Note (1) “Summary of Significant Accounting Policies” of the 2023 Form 10-K. The Company evaluates segment performance based on after-tax profit or loss and other appropriate profitability measures common to each segment.
The following is a summary of certain operating information for reportable segments:
Three Months Ended$ Change in
Contribution		% Change  in
Contribution
(Dollars in thousands)June 30,
2024		June 30,
2023
Net interest income:
Community Banking$358,832 $346,232 $12,600 4 %
Specialty Finance95,191 84,993 10,198 12 
Wealth Management7,928 7,404 524 7 
Total Operating Segments461,951 438,629 23,322 5 
Intersegment Eliminations8,659 8,908 (249)(3)
Consolidated net interest income$470,610 $447,537 $23,073 5 %
Provision for credit losses:
Community Banking$36,325 $26,713 $9,612 36 %
Specialty Finance3,736 1,801 1,935 107 
Wealth Management— — — — 
Total Operating Segments40,061 28,514 11,547 40 
Intersegment Eliminations— — — — 
Consolidated provision for credit losses$40,061 $28,514 $11,547 40 %
Non-interest income:
Community Banking$71,619 $68,130 $3,489 5 %
Specialty Finance32,317 31,737 580 2 
Wealth Management35,605 33,391 2,214 7 
Total Operating Segments139,541 133,258 6,283 5 
Intersegment Eliminations(18,394)(20,228)1,834 (9)
Consolidated non-interest income$121,147 $113,030 $8,117 7 %
Net revenue:
Community Banking$430,451 $414,362 $16,089 4 %
Specialty Finance127,508 116,730 10,778 9 
Wealth Management43,533 40,795 2,738 7 
Total Operating Segments601,492 571,887 29,605 5 
Intersegment Eliminations(9,735)(11,320)1,585 (14)
Consolidated net revenue$591,757 $560,567 $31,190 6 %
Segment profit:
Community Banking$91,235 $102,517 $(11,282)(11)%
Specialty Finance53,091 46,402 6,689 14 
Wealth Management8,062 5,831 2,231 38 
Consolidated net income$152,388 $154,750 $(2,362)(2)%
Segment assets:
Community Banking$47,611,508 $42,452,673 $5,158,835 12 %
Specialty Finance11,014,840 10,549,819 465,021 4 
Wealth Management1,155,168 1,283,684 (128,516)(10)
Consolidated total assets$59,781,516 $54,286,176 $5,495,340 10 %
NM - Not meaningful
Six Months Ended$ Change in
Contribution		% Change  in
Contribution
(Dollars in thousands)June 30,
2024		June 30,
2023
Net interest income:
Community Banking$722,517 $716,080 $6,437 1 %
Specialty Finance177,473 155,344 22,129 14 
Wealth Management15,686 16,359 (673)(4)
Total Operating Segments915,676 887,783 27,893 3 
Intersegment Eliminations19,128 17,749 1,379 8 
Consolidated net interest income$934,804 $905,532 $29,272 3 %
Provision for credit losses:
Community Banking$56,717 $47,812 $8,905 19 %
Specialty Finance5,017 3,747 1,270 34 
Wealth Management— — — — 
Total Operating Segments61,734 51,559 10,175 20 
Intersegment Eliminations— — — — 
Consolidated provision for credit losses$61,734 $51,559 $10,175 20 %
Non-interest income:
Community Banking$146,255 $136,863 $9,392 7 %
Specialty Finance59,634 57,527 2,107 4 
Wealth Management94,090 63,688 30,402 48 
Total Operating Segments299,979 258,078 41,901 16 
Intersegment Eliminations(38,252)(37,279)(973)3 
Consolidated non-interest income$261,727 $220,799 $40,928 19 %
Net revenue:
Community Banking$868,772 $852,943 $15,829 2 %
Specialty Finance237,107 212,871 24,236 11 
Wealth Management109,776 80,047 29,729 37 
Total Operating Segments1,215,655 1,145,861 69,794 6 
Intersegment Eliminations(19,124)(19,530)406 (2)
Consolidated net revenue$1,196,531 $1,126,331 $70,200 6 %
Segment profit:
Community Banking$211,282 $236,749 $(25,467)12 %
Specialty Finance95,614 83,139 12,475 4 
Wealth Management32,786 15,060 17,726 (10)
Consolidated net income$339,682 $334,948 $4,734 10 %
NM - Not meaningful