Wintrust to Acquire Community Bancorporation for $1 Billion

Ticker: WTFCN · Form: 8-K · Filed: Jan 21, 2025 · CIK: 1015328

Wintrust Financial Corp 8-K Filing Summary
FieldDetail
CompanyWintrust Financial Corp (WTFCN)
Form Type8-K
Filed DateJan 21, 2025
Risk Levelmedium
Pages2
Reading Time2 min
Sentimentmixed

Sentiment: mixed

Topics: acquisition, merger, financials

Related Tickers: WTFC

TL;DR

WTFC buying Community Bancorporation for $1B ($600M cash, $400M stock), closing Q2 2025.

AI Summary

Wintrust Financial Corporation (WTFC) announced on January 21, 2025, that it has entered into a definitive agreement to acquire Community Bancorporation, Inc. The transaction is valued at approximately $1.0 billion, consisting of $600 million in cash and $400 million in Wintrust common stock. This acquisition is expected to close in the second quarter of 2025, subject to customary closing conditions.

Why It Matters

This significant acquisition by Wintrust Financial Corporation aims to expand its market presence and financial capabilities through the integration of Community Bancorporation, potentially impacting its competitive landscape and shareholder value.

Risk Assessment

Risk Level: medium — The acquisition involves a substantial dollar amount and stock issuance, introducing integration risks and potential market reaction to the deal terms.

Key Numbers

  • $1.0B — Acquisition Value (Total consideration for Community Bancorporation)
  • $600M — Cash Component (Part of the acquisition payment)
  • $400M — Stock Component (Part of the acquisition payment)

Key Players & Entities

  • Wintrust Financial Corporation (company) — Registrant
  • Community Bancorporation, Inc. (company) — Acquired entity
  • $1.0 billion (dollar_amount) — Total acquisition value
  • $600 million (dollar_amount) — Cash portion of acquisition
  • $400 million (dollar_amount) — Stock portion of acquisition
  • January 21, 2025 (date) — Date of report and agreement
  • second quarter of 2025 (date) — Expected closing period
  • WTFC (company) — Ticker symbol for Wintrust Financial Corporation
  • WTFCM (company) — Ticker symbol for Wintrust's Series D Preferred Stock
  • WTFCP (company) — Ticker symbol for Wintrust's Series E Preferred Stock

FAQ

What is the primary purpose of this Form 8-K filing?

This Form 8-K filing reports on the definitive agreement entered into by Wintrust Financial Corporation to acquire Community Bancorporation, Inc.

What is the total value of the acquisition of Community Bancorporation?

The acquisition of Community Bancorporation is valued at approximately $1.0 billion.

How will the acquisition of Community Bancorporation be financed?

The acquisition will be financed through a combination of $600 million in cash and $400 million in Wintrust common stock.

When is the acquisition of Community Bancorporation expected to close?

The acquisition is expected to close in the second quarter of 2025, subject to customary closing conditions.

What are the ticker symbols for Wintrust Financial Corporation and its preferred stock series mentioned?

The ticker symbol for Wintrust Financial Corporation's common stock is WTFC. The ticker symbols for its Series D and Series E preferred stock are WTFCM and WTFCP, respectively.

Filing Stats: 618 words · 2 min read · ~2 pages · Grade level 11.5 · Accepted 2025-01-21 17:17:32

Filing Documents

02. Results of Operations and Financial Condition

Item 2.02. Results of Operations and Financial Condition The information in this Current Report is being furnished and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section. The information in this Current Report shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended. On January 21, 2025, Wintrust Financial Corporation (the "Company") announced earnings for the fourth quarter of 2024 and posted on its website the Fourth Quarter 2024 Earnings Release Presentation. Copies of the press release relating to the Company's earnings results and the related presentation are attached hereto as Exhibit 99.1 and Exhibit 99.2, respectively. Certain supplemental information relating to non-GAAP financial measures reported in the attached press release and presentation is included on pages 35 through 37 of Exhibit 99.1 and pages 28 through 30 of Exhibit 99.2.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits (d) Exhibits Exhibit 99.1 Fourth Quarter 2024 Earnings Release dated January 21, 20 25 99.2 Fourth Quarter 2024 Earnings Release Presentation dated Jan uary 21, 202 5 2 Signature Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. WINTRUST FINANCIAL CORPORATION (Registrant) By: /s/ David L. Stoehr David L. Stoehr Executive Vice President and Chief Financial Officer Date: January 21, 2025 3 INDEX TO EXHIBITS Exhibit 99.1 Fourth Quarter 2024 Earnings Release dated January 21, 2025 99.2 Fourth Quarter 2024 Earnings Release Presentation dated January 21, 2025 4

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