Wintrust Financial Corporation

Welcome to WinTrust Financial Corporation's second quarter and year-to-date 2025 earnings and results will be made. Chief Executive Officer David Dykstra, Vice Chairman and Chief Operating Officer, and Richard Murphy, Vice Chairman and Chief Lending Officer. As part of their reviews, the presenters may make reference to both the earnings press release and the earnings release presentation. Following their presentation, there will be a formal question and answer session. During the course of today's call, Wintrust management may make statements that constitute projections, expectations, beliefs, or similar forward-looking statements. Actual results could differ materially from the results anticipated or projected in any such forward-looking statement. The company's forward-looking assumptions that could cause the actual results to differ materially from the information discussed during this call are detailed in our earnings press release and in the company's most recent Form 10-K and any subsequent filings with the SEC. Also, our remarks may reference certain non-GAAP financial measures. Our earnings press release and earnings release presentation include a reconciliation of each non-GAAP financial measure to the nearest comparable GAAP financial measure. As a reminder, this conference call is being recorded. I will now turn the conference call over to Mr. Tim Crane.

Good morning, everyone. Thank you for joining us for the Wintrust Financial second quarter earnings call. In addition to the introductions Lateef made, I'm joined by our Chief Financial Officer, Dave Starr, and our Chief Legal Officer, Kate Bogey. I'll begin this morning with some high-level highlights. Dave Dykstra will speak to the financial results and Rich will add some additional information on loan activity and credit performance. As always, following our remarks, we'll be happy to take your questions. Our differentiated approach focused on understanding and meeting our client needs continues to deliver consistently strong financial results. We reported record quarterly net income of $195.5 million, up from $189 million last quarter.

Net interest income, also a quarterly record, was $547 million, driving the higher net interest income