Welcome to our dedicated page for Wintrust Fincl news (Ticker: WTFC), a resource for investors and traders seeking the latest updates and insights on Wintrust Fincl stock.
Wintrust Financial Corp (WTFC) is a financial holding company whose common stock trades on the Nasdaq Global Select Market. The company operates more than 200 retail banking locations through 16 community bank subsidiaries and is active in community banking, specialty finance, and wealth management. The Wintrust news stream on this page captures company announcements, earnings releases, capital actions, and other material developments that affect shareholders and stakeholders.
Investors following WTFC news will see detailed quarterly and year-to-date earnings reports, including information on net income, net interest income, loan and deposit growth, non-interest income from wealth management and mortgage banking, and credit quality metrics. Wintrust regularly announces schedules for its earnings releases and related conference calls, along with access details for webcasts and slide presentations that accompany its financial disclosures.
News items also cover decisions by the board of directors, such as the approval of quarterly cash dividends on common stock and preferred stock series, as well as the appointment of new independent directors to key board committees. Capital structure updates, including the issuance or redemption of preferred stock and related depositary shares, are disclosed through press releases and SEC-referenced announcements.
In addition, rating agency reports and other external analyses may appear in the news feed when they address Wintrust’s credit ratings, funding profile, and risk management approach. Together, these updates provide a running view of how the company reports its performance, manages its balance sheet, and oversees governance. Readers can use this page to monitor WTFC’s latest earnings communications, dividend declarations, board changes, and other significant corporate events over time.
Wintrust Financial Corporation (Nasdaq: WTFC) reported receiving 6,973 applications for $1.27 billion in loans during the recent Paycheck Protection Program (PPP) round. Approximately 96% of its clients received SBA funding authorization. The company has historically ranked among the largest SBA lenders, with over $1.11 billion in loan requests from Illinois small businesses alone. Wintrust won seven awards from Greenwich Associates for excellence in banking, reinforcing its commitment to clients and communities.
Wintrust Financial Corporation (Nasdaq: WTFC) will present at the RBC Capital Markets Global Financials Conference on March 9-10, 2021. The management team will participate in a panel discussion starting at approximately 4:00 PM ET on March 9. The event will be available via an audio webcast, accessible at www.wintrust.com. A replay of the presentation will be available for up to one year post-conference. Wintrust, with assets exceeding $45 billion, focuses on community banking while offering various non-bank services.
Wintrust Financial Corporation (WTFC) will present at the Raymond James 42nd Annual Institutional Investors Conference held virtually from March 1 - 3, 2021. Wintrust management's Q&A session is set for 10:50 AM ET on March 2, 2021. The event will be accessible via webcast at https://kvgo.com/rjinstitutionalinvestors/wintrust-march-2021 and on Wintrust’s website. A replay will be available for one year after the conference. Wintrust, with over $45 billion in assets, operates 15 community banks in Chicago and southern Wisconsin.
Wintrust Financial Corporation (Nasdaq: WTFC) announced a quarterly cash dividend of $0.31 per share, payable on February 25, 2021, to shareholders of record by February 11, 2021. This marks a notable increase of approximately 10.7% from the $0.28 dividend in 2020. Additionally, dividends on the Company’s preferred stock classes, Series D and E, are set for April 15, 2021, for shareholders of record by April 1, 2021.
Wintrust, with assets exceeding $45 billion, is focused on community banking and offers a range of financial services.
Wintrust Financial Corporation (Nasdaq: WTFC) reported a net income of $101.2 million in Q4 2020, representing a 2% decrease sequentially but a 13% increase year-over-year. For the full year, net income totaled $293 million, down from $355.7 million in 2019. Key highlights include a $1.3 billion rise in total assets and $1.2 billion in total deposits. Non-performing loans declined by 26%, while net interest income increased by $3.5 million. Mortgage banking revenue dropped by $21.7 million. The company plans to close 10 branches, projecting annual savings of $5 million.
Wintrust Commercial Banking has established a new division called the Wintrust Money Service Exchange Group, aimed at serving the money service business industry in the U.S. The group will provide treasury management, lending, and capital markets support tailored to the unique needs of this market.
Carol Ann Killian, an experienced professional with 26 years in banking, will lead the group. Wintrust, which has over $43 billion in assets, aims to expand its client offerings and enhance services for money service businesses, ensuring compliance with regulatory changes and technological advancements.
Wintrust Financial Corporation (Nasdaq: WTFC) has signed a branch purchase and assumption agreement with Greenwoods Financial Group, Inc. for three branches in southwestern Wisconsin. Greenwoods will acquire approximately $80 million in deposits along with bank facilities and other assets. The transaction aims to enhance Greenwoods' presence in the area and allows Wintrust to concentrate on primary markets. The deal is subject to regulatory approval and is expected to close in Q2 2021, with no significant impact anticipated on Wintrust's 2021 earnings per share.
Wintrust Financial Corporation (WTFC) will release its fourth quarter and year-to-date 2020 earnings results on January 20, 2021, after market close. A conference call to discuss these results is set for January 21 at 10:00 a.m. CDT. Participants can join by calling 877-363-5049 with Conference ID #9780585 or via an audio-only webcast on the company's website. The earnings release and a slide presentation will also be available online.
Wintrust Financial Corporation (Nasdaq: WTFC) announced a quarterly cash dividend of $0.28 per share, payable on November 27, 2020, to shareholders of record by November 12, 2020. Additionally, dividends on Series D and Series E preferred stock will be distributed on January 15, 2021, to those on record by January 1, 2021. Wintrust has over $43 billion in assets and operates 15 community bank subsidiaries in the Chicago and southern Wisconsin areas, focusing on service-based banking.
Wintrust Financial Corporation (Nasdaq: WTFC) reported record net income of $107.3 million or $1.67 per diluted share for Q3 2020, a 391% increase from Q2 2020, but a 1% decrease compared to Q3 2019. Year-to-date net income was $191.8 million, down from $269.7 million in the same period in 2019. Total assets rose by $192 million, with loans up by $733 million. However, net interest income decreased by $7.2 million primarily due to lower PPP loan fee accretion. Mortgage banking revenue reached $108.5 million, while non-performing assets fell to 0.42%.
FAQ
What is the current stock price of Wintrust Fincl (WTFC)?
What is the market cap of Wintrust Fincl (WTFC)?
