The market expects Wintrust Financial (WTFC) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on October 21, 2024, might help the stock move higher if these key ...

One bank that I have been following for a little while now is Wintrust Financial Corporation (NASDAQ: WTFC ). For those not familiar with it, it is a financial institution that operates mostly around the Chicago metropolitan area, parts of Southern Wisconsin, and Crude Value Insights offers you an investing service and community focused on oil and natural gas. We focus on cash flow and the companies that generate it, leading to value and growth prospects with real potential. Subscribers get to use a 50+ sto ...

ROSEMONT, Ill., Sept. 30, 2024 (GLOBE NEWSWIRE) -- Wintrust Financial Corporation ("Wintrust") (Nasdaq: WTFC) today announced it will release third quarter and year-to-date 2024 earnings results after the market closes on Monday, October 21, 2024 and host a conference call on Tuesday, October 22, 2024 at 10:00 a.m. (CDT). For individuals wanting to listen to a simultaneous audio-only web cast, this may be accessed at Webcast Link. Individuals interested in participating in the call by addressing questions t ...

ROSEMONT, Ill., Sept. 03, 2024 (GLOBE NEWSWIRE) -- Wintrust Financial Corporation (Nasdaq: WTFC) today announced the appointment of Gina Stuart as its new SVP, Diversity, Equity, and Inclusion. Stuart brings more than 20 years of leadership experience in human resources, including regulatory and compliance, as well as diversity and inclusion. "We are thrilled to welcome Gina to Wintrust," said Tim Crane, President and CEO of Wintrust. "Given her wealth of experience as a strategic business partner and advoc ...

ROSEMONT, Ill., Aug. 22, 2024 (GLOBE NEWSWIRE) -- Wintrust Financial Corporation ("Wintrust") (Nasdaq: WTFC) today announced it has selected First Dollar to power health savings accounts, health flexible spending accounts, health reimbursement arrangements, and other employee benefit accounts. Wintrust will leverage First Dollar's best-in-class technology to enhance and elevate its consumer-directed health and lifestyle accounts portfolio for a fully integrated benefit experience aligned with the Wintrust s ...

Table of Contents _____________________________________ Large accelerated filer ☑ Accelerated filer ☐ Non-accelerated filer ☐ (Do not check if a smaller reporting company) Smaller reporting company ☐ 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 June 30, 2024 OR ☐ TRANSI ...

Wintrust Financial Corporation (WTFC) has closed the all-stock deal to acquire Macatawa Bank Corporation for $510.3 million or $14.85 per share. The merger agreement, which is not expected to have a material effect on Wintrust's 2024 earnings, was signed this April. Headquartered in Holland, MI, Macatawa operates a network of 26 full-service branches located throughout communities in Kent, Ottawa and northern Allegan counties, including Grand Rapids. As of Jun 30, 2024, Macatawa Bank had $2.7 billion in ass ...

ROSEMONT, Ill. and HOLLAND, Mich., Aug. 01, 2024 (GLOBE NEWSWIRE) -- Wintrust Financial Corporation ("Wintrust") (Nasdaq: WTFC) and Macatawa Bank Corporation ("Macatawa") today jointly announced the completion of their previously announced merger whereby Wintrust acquired Macatawa in an all-stock transaction. Macatawa was the parent company of Macatawa Bank, which is headquartered in Holland, Michigan and operates a network of 26 full-service branches located throughout communities in Kent, Ottawa and north ...

Core Viewpoint - Wintrust Financial Corporation has successfully completed the acquisition of Macatawa Bank Corporation in an all-stock transaction valued at approximately $510.3 million, enhancing Wintrust's presence in West Michigan [1][4]. Company Overview - Wintrust Financial Corporation is a financial holding company with approximately $62 billion in assets and operates 16 community bank subsidiaries across various regions, including greater Chicago and West Michigan [6]. - Macatawa Bank, founded in 1997, has around $2.7 billion in assets, $2.3 billion in deposits, and $1.3 billion in loans as of June 30, 2024, and operates 26 full-service branches [2][8]. Transaction Details - The merger involved converting each of Macatawa's 34,361,562 common shares into the right to receive 0.137 shares of Wintrust common stock, with a cash payment for fractional shares [4]. - The transaction is not expected to materially affect Wintrust's earnings per share for 2024 [4]. Leadership and Cultural Integration - Wintrust's CEO Timothy S. Crane emphasized that Macatawa Bank's strong core deposit base and client-focused culture will enhance Wintrust's competitive position in the area [3]. - Richard L. Postma, former Chairman of Macatawa, will join Wintrust's Board of Directors, ensuring continuity in leadership and community presence [3]. Strategic Benefits - The merger allows Wintrust to retain the Macatawa Bank name and key employees, maintaining its community banking identity while providing enhanced services and technology [3]. - The integration aims to combine similar cultures and operating philosophies, benefiting both consumer and commercial clients [3].

ROSEMONT, Ill., July 25, 2024 (GLOBE NEWSWIRE) -- Wintrust Financial Corporation ("Wintrust" or the "Company") (Nasdaq: WTFC) today announced that the Company's Board of Directors approved a quarterly cash dividend of $0.45 per share of outstanding common stock. The dividend is payable on August 22, 2024 to shareholders of record as of August 8, 2024. Additionally, the Company's Board of Directors approved quarterly cash dividends on outstanding shares of the Company's 6.50% Fixed-to-Floating Non-Cumulative ...