ROSEMONT, Ill., May 08, 2025 (GLOBE NEWSWIRE) -- Wintrust Financial Corporation (“Wintrust”) (Nasdaq: WTFC) today announced that it has priced an underwritten public offering of 17 million depositary shares with a liquidation preference of $25.00 per share (the “Depositary Shares”) for gross proceeds of $425 million before deducting underwriting discounts and other estimated offering expenses. Each Depositary Share represents a 1/1,000th interest in a share of Wintrust’s 7.875% Fixed-Rate Reset Non-Cumulati ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________________________ FORM 10-Q _________________________________________ ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐ For the transition period from to Commission File Number 001-35077 _______________________________ ...

In my last article on Wintrust Financial Corporation ( WTFC ) , I highlighted my concerns about a slowdown in demand for credit and an overvaluation of this bank. A few months later, WTFC has fallen 17%, but I stillHi there, welcome to my profile. My name is Eugenio Catone, I live in Italy and I am 26 years old.In 2023 I graduated in Business Administration and I completed CFA level 1 in 2024. I am currently a Popular Investor on the investing platform eToro, you can see there my public portfolio. My intere ...

Financial Data and Key Metrics Changes - The company reported quarterly net income of $189 million and record net interest income of $526 million, despite having two fewer business days compared to the prior period [6][36] - Loans grew by over $650 million and deposits increased by over $1.1 billion, with a net interest margin of 3.56%, which is five basis points higher than the previous quarter [7][11] - Charge-offs for the quarter decreased to 11 basis points, and the provision for credit losses was $24 million, consistent with prior quarters [8][9] Business Line Data and Key Metrics Changes - Loan growth was 6% on an annualized basis, while deposit growth was approximately 8% on an annualized basis [11] - Non-interest income was relatively stable, totaling $116.6 million, with increases in net security gains and fees from covered call options offset by lower wealth management revenue [17] - Non-interest expenses totaled $366.1 million, down approximately $2.4 million from the prior quarter, primarily due to lower salary and employee benefit expenses [18][19] Market Data and Key Metrics Changes - Non-interest bearing deposits represented 21% of total deposits at the end of the quarter, remaining stable over the last five quarters [12] - The company anticipates strong loan growth in the second quarter, particularly in the premium finance segment, which is expected to grow close to $1 billion [26] Company Strategy and Development Direction - The company announced an increase in its dividend to $2 per share on an annualized basis and continues to grow its capital ratio, with a CET1 ratio of slightly over 10% [36] - The management emphasized the importance of differentiated client service and maintaining a strong local presence to navigate economic uncertainties [40] Management's Comments on Operating Environment and Future Outlook - Management noted that while there is uncertainty in the market, clients remain generally encouraged about the local economy and their ability to perform normally [45] - The company is focused on proactive communication with clients to address concerns related to economic conditions, tariffs, and funding cuts [34][46] Other Important Information - The company received 14 Coalition Greenwich Awards and was recognized for best customer service in Illinois for the fourth consecutive year [36] - The tangible book value per common share increased to $78.83 compared to $75.39 in the prior quarter [23] Q&A Session Summary Question: How prevalent is uncertainty from borrowers and its impact on growth outlook? - Management acknowledged that borrowers are cautious but remain generally encouraged about the local economy, maintaining their loan growth expectations [45][46] Question: Can you walk us through the thought process on reserve changes? - The management explained that while the baseline economic scenario improved, they implemented a qualitative overlay due to spikes in credit spreads and equity market factors at the end of the quarter [52][69] Question: Any changes in competitive pricing on new home production? - Management noted that competition remains rational, with slight declines in rates from competitors, but they expect to balance this with strong loan growth [58][60] Question: How is new client acquisition in wealth management going? - The company is transitioning to a new platform that is expected to improve capabilities for financial advisors, which should enhance growth in the wealth management business [72][73] Question: Thoughts on M&A and growth through acquisition? - Management indicated ongoing M&A conversations and expressed confidence in their ability to pursue attractive acquisition opportunities [76] Question: How should we think about the source of deposit growth going forward? - Management expects to continue growing deposits to match loan growth, with a stable mix of commercial and consumer relationships [82][84]

Wintrust Financial Corporation (WTFC) Q1 2025 Earnings Conference Call April 22, 2025 09:00 AM ET Company Participants Conference Call Operator - OperatorTim Crane - President and Chief Executive OfficerDavid Dykstra - Vice Chairman and Chief Operating OfficerRichard Murphy - Vice Chairman and Chief Lending OfficerJohn Armstrong - RBC Capital MarketsNathan Race - Piper SandlerJared Shaw - BarclaysAndrew Lechner - KBW (on behalf of Chris McGrady) Conference Call Operator Welcome to Wintrust Financial Corpora ...

Core Insights - Wintrust Financial (WTFC) reported revenue of $643.11 million for Q1 2025, a year-over-year increase of 6.3% and a slight surprise of +0.01% over the Zacks Consensus Estimate of $643.03 million [1] - The EPS for the quarter was $2.69, down from $2.89 a year ago, with a surprise of +6.75% compared to the consensus estimate of $2.52 [1] Financial Performance Metrics - Efficiency Ratio was reported at 57.2%, slightly better than the estimated 57.6% [4] - Net Interest Margin remained stable at 3.5%, matching the analyst estimate [4] - Total earning assets averaged $60.34 billion, slightly below the estimated $60.58 billion [4] - Tier 1 leverage ratio was reported at 9.6%, in line with analyst expectations [4] - Net charge-offs to average loan ratio was 0.1%, better than the estimated 0.2% [4] - Total Non-Interest Income was $116.63 million, below the estimated $127.46 million [4] - Net interest income (FTE) was $529.37 million, exceeding the average estimate of $524.12 million [4] - Net Interest Income was reported at $526.47 million, slightly above the estimated $523.72 million [4] - Service charges on deposit accounts were $19.36 million, surpassing the estimate of $17.60 million [4] - Wealth management income was $34.04 million, below the estimated $39.13 million [4] - Mortgage banking income was $20.53 million, slightly below the estimate of $21.37 million [4] - Operating lease income, net, was reported at $15.29 million, in line with the estimate of $15.28 million [4] Stock Performance - Wintrust shares have returned -9.6% over the past month, compared to the Zacks S&P 500 composite's -5.6% change [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [3]

Company Performance - Wintrust Financial (WTFC) reported quarterly earnings of $2.69 per share, exceeding the Zacks Consensus Estimate of $2.52 per share, but down from $2.89 per share a year ago, representing an earnings surprise of 6.75% [1] - The company posted revenues of $643.11 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 0.01% and up from $604.77 million year-over-year [2] - Over the last four quarters, Wintrust has surpassed consensus EPS estimates two times and topped consensus revenue estimates two times [2] Stock Outlook - Wintrust shares have declined approximately 17.8% since the beginning of the year, compared to a decline of 10.2% for the S&P 500 [3] - The current consensus EPS estimate for the upcoming quarter is $2.55 on revenues of $657.5 million, and for the current fiscal year, it is $10.26 on revenues of $2.65 billion [7] Industry Context - The Zacks Industry Rank for Banks - Midwest is currently in the top 12% of over 250 Zacks industries, indicating a favorable outlook for the sector [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, suggesting that the industry outlook can significantly impact stock performance [5][8]

Financial Performance - Wintrust Financial Corporation reported record quarterly net income of $189.0 million, or $2.69 per diluted common share, for Q1 2025, compared to $185.4 million, or $2.63 per diluted common share in Q4 2024[2]. - Net income for Q1 2025 was $189,039,000, a slight increase from $185,362,000 in Q4 2024, showing a growth of 0.9%[55]. - Net income applicable to common shares was $182,048,000, compared to $178,371,000 in the previous quarter, reflecting an increase of 3.8%[55]. - The effective tax rate was 25.30% in Q1 2025, down from 26.76% in Q4 2024, influenced by fluctuations in share-based compensation[41]. - The company declared cash dividends of $0.50 per common share, an 11% increase from Q4 2024[48]. Loan and Deposit Growth - Total loans increased by $653 million, or 6% annualized, while total deposits increased by approximately $1.1 billion, or 8% annualized in Q1 2025[4]. - Total loans reached $48.71 billion, up 6% from Q4 2024 and 13% from Q1 2024[48]. - Total deposits increased to $53.57 billion, an 8% increase from Q4 2024 and a 15% increase from Q1 2024[48]. - The company's loans-to-deposits ratio ended the quarter at 90.9%, indicating a strong liquidity position[4]. - Core loans increased by 4% to $29,108,500,000 compared to December 31, 2024, reflecting a 15% growth year-over-year[56]. Interest Income and Expenses - Net interest income rose to $526.5 million in Q1 2025, up from $525.1 million in Q4 2024, supported by an increase in net interest margin to 3.54%[5]. - Total interest income for Q1 2025 was $886,965,000, a decrease of 2.7% from $913,501,000 in Q4 2024[55]. - Interest expense decreased to $360,491,000 in Q1 2025 from $388,353,000 in Q4 2024, representing a decline of 7.2%[55]. - Net interest income after provision for credit losses was $502,511,000, compared to $508,169,000 in the previous quarter, reflecting a decrease of 1.3%[55]. - The net interest margin for the three months ended March 31, 2025, was 3.54%, an increase from 3.49% in the previous quarter[67]. Non-Interest Income - Non-interest income totaled $116.6 million in Q1 2025, an increase of $3.2 million compared to $113.5 million in Q4 2024[30]. - Total non-interest income for Q1 2025 was $116,634 thousand, a 3% increase compared to $113,451 thousand in Q4 2024, but a 17% decrease from $140,580 thousand in Q1 2024[88]. - Brokerage income fell to $4,757 thousand, down 11% from $5,328 thousand in Q4 2024 and down 14% from $5,556 thousand in Q1 2024[88]. - Trust and asset management income decreased by 12% to $29,285 thousand compared to $33,447 thousand in Q4 2024[88]. - Gains on investment securities improved significantly to $3,196 thousand from a loss of $2,835 thousand in Q4 2024[88]. Credit Quality and Losses - The provision for credit losses totaled $24.0 million in Q1 2025, compared to $17.0 million in Q4 2024, reflecting a conservative approach to credit quality amid macroeconomic uncertainty[5]. - Net charge-offs decreased to $12.6 million, or 11 basis points of average total loans on an annualized basis, down from $15.9 million, or 13 basis points in Q4 2024[27]. - The allowance for credit losses at the end of the period was $448,387 thousand, an increase from $437,060 thousand at the end of the previous quarter[77]. - The annualized net charge-offs as a percentage of total loans was 0.11%, a slight decrease from 0.13% in the previous quarter[77]. - The total allowance for loan losses and unfunded lending-related commitments was $447,941 thousand, compared to $436,603 thousand in the previous quarter[79]. Asset Management and Wealth Management - As of March 31, 2025, the company had approximately $51.1 billion in assets under administration in its wealth management subsidiaries[45]. - Wealth management revenue decreased by $4.7 million in Q1 2025 due to system transitions and lower market valuations[31]. - Wealth management revenue for Q1 2025 totaled $34.0 million, slightly down from Q4 2024[45]. - The company recorded a net gain of approximately $19.3 million from the sale of its Retirement Benefits Advisors division in Q1 2024[47]. - The company is subject to various risks, including fluctuations in stock market conditions that could adversely affect its wealth management and brokerage operations[106]. Operational Efficiency and Expenses - Total non-interest expense for Q1 2025 was $366,090,000, a decrease from $368,539,000 in Q4 2024, reflecting a reduction of 0.4%[55]. - Salaries and employee benefits totaled $211,526 thousand in Q1 2025, a slight decrease of 0.3% compared to $212,133 thousand in Q4 2024[93]. - The efficiency ratio (GAAP) for the quarter was 57.21%, slightly improved from 57.46% in the previous quarter[97]. - Non-interest expenses decreased to $366,090 thousand in Q1 2025 from $368,539 thousand in Q4 2024, a reduction of 0.4%[93]. - The company emphasizes the importance of technology in providing products and services that meet customer demands and improve operational efficiency[103]. Strategic Initiatives and Market Conditions - The Company is focused on growth strategies, including potential acquisitions of banks and specialty finance businesses, as well as plans to establish new branches[104]. - The Company faces competitive pressures in the financial services sector, which may impact pricing and market share for its loan and deposit products[103]. - The Company anticipates potential risks affecting its loan portfolio, including economic conditions, trade policy changes, and defaults, which may require increases in credit loss allowances[102]. - The Company is monitoring the impact of regulatory changes and heightened capital requirements on its operations and financial performance[103]. - The Company acknowledges the potential adverse effects of natural disasters and climate change on its operations[106].

ROSEMONT, Ill., April 21, 2025 (GLOBE NEWSWIRE) -- Wintrust Financial Corporation ("Wintrust", "the Company", "we" or "our") (NASDAQ:WTFC) announced record quarterly net income of $189.0 million, or $2.69 per diluted common share, for the first quarter of 2025, compared to net income of $185.4 million, or $2.63 per diluted common share in the fourth quarter of 2024. Pre-tax, pre-provision income (non-GAAP) totaled a record $277.0 million, compared to $270.1 million for the fourth quarter of 2024. Timothy S. ...

In its upcoming report, Wintrust Financial (WTFC) is predicted by Wall Street analysts to post quarterly earnings of $2.52 per share, reflecting a decline of 12.8% compared to the same period last year. Revenues are forecasted to be $643.03 million, representing a year-over-year increase of 6.3%.The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projectio ...