The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Broderick Dyer Preston - UBS Investment Bank, Research Division - Analyst
: I just want to ask a couple of quick questions on the composition of the loan portfolio. Do you happen to have what the percent of
the portfolio, is that a shared national credits? And of that, what you happen to be to lead on?
Question: Broderick Dyer Preston - UBS Investment Bank, Research Division - Analyst
: Got it. And on the office portfolio, do you happen to have what the reserve and the reserve level and the average loan to value is?
Question: Broderick Dyer Preston - UBS Investment Bank, Research Division - Analyst
: Okay. Okay. Got it. And I know you talked a little bit about the analysis that you guys continue to do about the office loans that are
coming due over the next 12 months. Do you happen to have the number -- I guess, the actual dollar amount of loans that are
coming due over the next 12 months? And how does that look as we go forward through 2025?
Question: Broderick Dyer Preston - UBS Investment Bank, Research Division - Analyst
: Yes. Yes. Understood. And so just one last one on the office book. You said you don't disclose the LTV, but do you happen to disclose
-- do you happen to have what the debt service coverage ratio looks like?
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OCTOBER 18, 2023 / 3:00PM, WTFC.OQ - Q3 2023 Wintrust Financial Corp Earnings Call
Question: Broderick Dyer Preston - UBS Investment Bank, Research Division - Analyst
: Okay. Okay. Got it. Dave, just I wanted to follow up on the sale of the premium finance loans. Did you -- I think we had talked about
$500 million before, and it looks like it came in at like $344 million. What was the rationale behind selling less than the $500 million?
Question: Broderick Dyer Preston - UBS Investment Bank, Research Division - Analyst
: Got it. Okay. Thanks for the clarification. And to follow up on Chris' question, did you guys happen to book a gain on that through
fee income at all? And if you did, do you know what the dollar amount is?
Question: Broderick Dyer Preston - UBS Investment Bank, Research Division - Analyst
: Okay. And that would be another income then?
Question: Broderick Dyer Preston - UBS Investment Bank, Research Division - Analyst
: Okay. And then the last one was just on the NIM trajectory. I know there's been a lot of discussion on it. I just wanted to ask how
you're thinking about, I think you're calling for stability, maybe, as we go forward into 2024, which feels kind of right. But I guess
how are you thinking about rate cuts at all? How will that impact the margin, just given the swaps that you put in. And then specifically
on the swaps, the new ones that you put on, what will be the basis point kind of impact on the NIM in terms of drag from the new
swaps?
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