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 Corporation reports news on its community banking, specialty finance and wealth management businesses. The financial holding company serves markets in greater Chicago, southern Wisconsin, west Michigan, northwest Indiana and southwest Florida through community bank subsidiaries and non-bank units.
Recurring updates cover quarterly earnings, net interest income, loan and deposit trends, dividends on common and preferred securities, board governance and investor conference participation. Company news also reflects business lines such as residential mortgage origination, commercial and life insurance premium financing, short-term accounts receivable financing for the temporary staffing industry and qualified intermediary services for tax-deferred exchanges.
Wintrust Financial Corporation (Nasdaq: WTFC) has priced an underwritten public offering of 10 million depositary shares at $25.00 each, aiming for gross proceeds of $250 million. Each share represents a 1/1,000th interest in Wintrust's 6.875% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series E. The offering includes a 30-day option for underwriters to purchase up to 1.5 million additional shares and is set to close on May 15, 2020. Proceeds will support corporate purposes, including debt reduction and growth initiatives.