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Wintrust Financial Corp. - WTFC STOCK NEWS

Welcome to our dedicated news page for Wintrust Financial (Ticker: WTFC), a resource for investors and traders seeking the latest updates and insights on Wintrust Financial.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Wintrust Financial's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Wintrust Financial's position in the market.

News
Wintrust Financial Corporation Reports Record First Quarter 2024 Net Income
Rhea-AI Summary
Wintrust Financial reported record first-quarter 2024 net income of $187.3 million, with diluted earnings per share up by 55% compared to the previous quarter. Total loans and deposits increased by approximately $1.1 billion each, while total assets increased by $1.3 billion. Net interest margin decreased slightly to 3.57%, with net interest income at $464.2 million. Non-interest income was impacted by gains from the sale of the Retirement Benefits Advisors division and favorable net valuation adjustments. However, non-interest expenses were affected by an accrual for FDIC special assessments. Provision for credit losses decreased, and credit metrics remained steady. Overall, Wintrust Financial had a strong quarter with positive momentum and a focus on long-term value.
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earnings
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Wintrust Financial Corporation and Macatawa Bank Corporation Announce Plans to Merge
Rhea-AI Summary
Wintrust Financial and Macatawa Bank have announced a merger agreement for Wintrust to acquire Macatawa in an all-stock transaction. Macatawa, with approximately $2.7 billion in assets, will be acquired for an estimated $510.3 million, or $14.85 per share. The transaction is expected to close in the second half of 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.87%
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acquisition
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Wintrust Wins Highest Ranking by J.D. Power for Illinois Retail Banking Customer Satisfaction for the Third Year in a Row
Rhea-AI Summary
Wintrust Financial (WTFC) has been recognized as the Most Trusted Retail Bank in Illinois for the third consecutive year in the J.D. Power 2024 U.S. Retail Banking Satisfaction Study, scoring highest in the Regional Trust Index. With over 105,000 retail banking customers surveyed, Wintrust continues to excel in customer satisfaction and trust. CEO Timothy S. Crane highlighted the dedication of the bank's employees in earning customer trust and providing exceptional service. Wintrust has also made significant strides in customer support by eliminating overdraft and item return fees, expanding branch networks, and acquiring a prominent U.S. asset management business. The company's commitment to innovation and customer engagement has earned it various prestigious awards, reinforcing its position as a leading financial institution.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.26%
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Wintrust Financial Corporation Announces First Quarter 2024 Earnings Release Schedule
Rhea-AI Summary
Wintrust Financial (WTFC) is set to announce its first quarter 2024 earnings results on April 17, 2024, followed by a conference call on April 18, 2024. Investors can access the audio webcast and slide presentation on the company's website. Registration for the call is required to participate and ask questions directly to management.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.26%
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earnings
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Wintrust Financial Corporation to Present at Raymond James 45th Annual Institutional Investors Conference
Rhea-AI Summary
Wintrust Financial Corporation (WTFC) to present at Raymond James Institutional Investors Conference, offering a Q&A session on March 4, 2024. The event will be webcast and accessible for 90 days post-conference.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.72%
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Wintrust Financial Corporation to Present at RBC Capital Markets Global Financial Institutions Conference on March 5, 2024
Rhea-AI Summary
Wintrust Financial Corporation to present at RBC Capital Markets Global Financial Institutions Conference on March 5-6, 2024. Management will participate in a Q&A session. Event accessible via audio webcast on company's website. Replay available for 90 days.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.16%
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conferences
News
Wintrust Financial Corporation and LPL Financial Announce Strategic Relationship
Rhea-AI Summary
Wintrust Financial Corporation (WTFC) and LPL Financial Holdings Inc. (LPLA) have agreed to transition support for Wintrust Investments, LLC and Great Lakes Advisors, LLC wealth management businesses to LPL's Institution Services platform. The move involves approximately 85 advisors and $16 billion in brokerage and advisory assets. Wintrust Investments, LLC will transfer $13 billion of assets, while Great Lakes Advisors, LLC will transfer $3 billion of private client advisory assets to LPL.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.33%
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OneDigital and Wintrust Investments, LLC Form Strategic Relationship for Retirement Plan Servicing Business
Rhea-AI Summary
OneDigital Investment Advisors LLC, a subsidiary of OneDigital, has acquired Wintrust Investments, LLC's Retirement Benefits Advisors division, bringing over $2.6 billion in advisory assets to the OneDigital platform. The strategic relationship aims to enhance client outcomes by providing holistic retirement planning solutions and increased capabilities for over 200 clients in Chicago. The transaction also strengthens OneDigital's national retirement plan advisory practice and expands its influence in the region.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.48%
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News
Wintrust Financial Corporation Announces Cash Dividends, Increasing Quarterly Common Stock Dividend Rate By 12.5%
Rhea-AI Summary
Wintrust Financial Corporation (WTFC) has announced a 12.5% increase in its quarterly cash dividend to $0.45 per share of outstanding common stock. The dividend is payable on February 22, 2024, and the Board of Directors also approved dividends on the Company's preferred stock. This signifies a positive financial move for the company and its shareholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.73%
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dividends
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Wintrust Financial Corporation Reports Record Full Year Net Income
Rhea-AI Summary
Wintrust Financial Corporation reported record annual net income of $622.6 million for 2023, with a 19% increase in diluted earnings per common share compared to 2022. Pre-tax, pre-provision income totaled a record $959.5 million, up 23% from the previous year. The fourth quarter of 2023 saw a net income of $123.5 million, with an accrual of $34.4 million for the FDIC special assessment and a $9.7 million unfavorable net valuation adjustment. Timothy S. Crane, President and CEO, expressed satisfaction with the strong 2023 results, highlighting steady growth in loans and deposits and record net interest income.
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Rhea-AI Sentiment
End-of-Day
2.66%
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Stock WTFC logo
Wintrust Financial Corp.

Nasdaq:WTFC

WTFC Rankings

#1094 Ranked by Market Cap
#3453 Ranked by Stock Gains
#1468 Ranked by Dividends

WTFC Stock Data

5.99B
60.64M
1.44%
95.9%
3.02%
Commercial Banking
Finance and Insurance
Link
US
Rosemont

About WTFC

wintrust financial (wintrust) is a financial services holding company based in rosemont, illinois, with $21 billion in assets. wintrust engages in the business of providing traditional community banking services, wealth management services, commercial insurance premium financing, mortgage origination, short-term accounts receivable financing, and certain administrative services, such as data processing of payrolls, billing and treasury management services. wintrust provides community-oriented, personal and commercial banking services to customers located in the greater chicago, illinois and southern wisconsin metropolitan areas through its 15 wholly owned banking subsidiaries and more than 145 locations.