Wintrust Financial Announces $425 Million Preferred Stock Offering

Wintrust Financial Corporation has announced a public offering of 17 million depositary shares, each representing a 1/1,000th interest in a share of its new 7.875% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series F. Each depositary share has a liquidation preference of $25.00. The offering is expected to generate approximately $414.7 million in net proceeds after underwriting discounts and estimated expenses.

The company plans to use the proceeds for general corporate purposes, which may include the redemption of existing preferred stock. The offering is expected to close on May 22, 2025. Multiple financial institutions involved in the offering maintain ordinary course business relationships with Wintrust, including credit and administrative roles.