Wintrust Fincl Stock Price, News & Analysis

Wintrust Financial (NASDAQ: WTFC) has announced its participation in the Raymond James 46th Annual Institutional Investors Conference, scheduled for March 2-5, 2025. The company's management will engage in a question and answer session on March 3, 2025, at 10:25 AM Eastern Time.

The presentation will be accessible through a live webcast at the provided webcast link or through Wintrust's website under the Investor Relations section. Interested parties are advised to access the website fifteen minutes before the presentation to install necessary audio software. The webcast is free to access, and a replay will remain available for 90 days following the conference.

Wintrust Financial (WTFC) has announced an increase in its quarterly cash dividend for common stock shareholders. The new dividend of $0.50 per share represents an 11.1% increase from the previous $0.45 quarterly dividend paid in 2024. The dividend will be paid on February 20, 2025, to shareholders of record as of February 6, 2025.

Additionally, the company's Board of Directors has approved quarterly cash dividends for holders of its Series D 6.50% Fixed-to-Floating Non-Cumulative Perpetual Preferred Stock and Series E 6.875% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, both payable on April 15, 2025, to shareholders of record as of April 1, 2025.

Wintrust Financial (WTFC) reported record full-year net income of $695.0 million or $10.31 per diluted share for 2024, up from $622.6 million or $9.58 per share in 2023. Fourth quarter 2024 net income was $185.4 million or $2.63 per diluted share, compared to $170.0 million in Q3 2024.

The company showed strong performance with total loans increasing by $1.0 billion (8% annualized) and deposits growing by $1.1 billion (9% annualized) in Q4 2024. Net interest income rose to $525.1 million, while net interest margin remained stable at 3.49%. Credit quality improved with net charge-offs decreasing to 13 basis points of average total loans, down from 23 basis points in Q3.

Non-performing loans improved to 0.36% of total loans, with total non-performing assets at 0.30% of total assets. The company expanded its geographic footprint into west Michigan through the Macatawa Bank acquisition.

Wintrust Financial (WTFC) has announced its schedule for the release of fourth quarter and year-to-date 2024 earnings results. The company will release results after market close on Tuesday, January 21, 2025, followed by a conference call on Wednesday, January 22, 2025, at 9:00 a.m. (CST).

Wintrust, a financial holding company with approximately $62 billion in assets, operates more than 200 retail banking locations through 16 community bank subsidiaries across Chicago, southern Wisconsin, west Michigan, northwest Indiana, and southwest Florida. The company provides various services including residential mortgage origination, wealth management, insurance premium financing, and accounts receivable financing.

Wintrust Financial (Nasdaq: WTFC) has declared its quarterly cash dividends. Common stockholders will receive $0.45 per share, payable on November 22, 2024, to shareholders of record as of November 7, 2024. The company also announced quarterly dividends for Series D 6.50% Fixed-to-Floating Non-Cumulative Perpetual Preferred Stock and Series E 6.875% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, both payable on January 15, 2025, to shareholders of record as of January 1, 2025.

Wintrust Financial (Nasdaq: WTFC) reported a net income of $509.7 million ($7.67 per diluted share) for the first nine months of 2024, compared to $499.1 million ($7.71 per diluted share) for the same period in 2023. The third quarter net income was $170.0 million ($2.47 per diluted share), up from $152.4 million ($2.32 per diluted share) in Q2 2024. Pre-tax, pre-provision income for the first nine months hit a record $778.1 million. The acquisition of Macatawa Bank on August 1, 2024, contributed significantly to these results.

Total loans increased by $2.4 billion, with $1.3 billion from Macatawa, and total deposits rose by $3.4 billion, including $2.3 billion from Macatawa. Net interest income grew to $502.6 million in Q3 2024 from $470.6 million in Q2 2024. Net interest margin slightly decreased by one basis point to 3.49%.

Non-interest income saw mixed results with a $3.2 million gain on investment securities but a $11.4 million loss in mortgage servicing rights revenue. Non-interest expenses increased by $20.3 million, partly due to $10.1 million from Macatawa.

Credit metrics remained stable with net charge-offs decreasing to $26.7 million. Non-performing loans totaled $179.7 million, or 0.38% of total loans. The allowance for credit losses was $436.2 million.

Wintrust Financial (Nasdaq: WTFC) has announced its schedule for the release of third quarter and year-to-date 2024 earnings results. The company will release the results after market close on Monday, October 21, 2024, followed by a conference call on Tuesday, October 22, 2024, at 10:00 a.m. (CDT). Interested parties can access an audio-only webcast or register for the call to participate and ask questions. A slide presentation and replay of the webcast will be available on Wintrust's website.

Wintrust is a financial holding company with approximately $62 billion in assets. It operates more than 200 retail banking locations through 16 community bank subsidiaries in the greater Chicago, southern Wisconsin, west Michigan, northwest Indiana, and southwest Florida market areas. The company also offers various non-bank services, including residential mortgage origination, wealth management, and commercial and life insurance premium financing.

Wintrust Financial (Nasdaq: WTFC) has partnered with First Dollar to enhance its Workplace Solutions offering for health savings accounts (HSAs), flexible spending accounts (FSAs), and other employee benefit accounts. This collaboration aims to provide a fully integrated benefit experience aligned with Wintrust's high standards.

The partnership addresses key challenges in employee benefits, including cost, engagement, and vendor management. Wintrust will leverage First Dollar's advanced technology to offer a comprehensive suite of tax-advantaged and lifestyle accounts, including:

• Health savings accounts (HSAs)
• Health flexible spending accounts (FSAs)
• Health reimbursement arrangements (HRAs)
• Dependent care FSAs
• Commuter benefit programs
• Lifestyle spending accounts (LSAs)

This move reinforces Wintrust's position as a one-stop shop for financial needs, combining cutting-edge technology with personalized service to help reduce healthcare costs and support employee savings.

Wintrust Financial (Nasdaq: WTFC) has completed its all-stock acquisition of Macatawa Bank , expanding into West Michigan. The merger, valued at approximately $510.3 million, or $14.85 per share, adds Macatawa Bank's 26 branches and $2.7 billion in assets to Wintrust's portfolio. Macatawa shareholders received 0.137 shares of Wintrust common stock for each Macatawa share.

This strategic move strengthens Wintrust's presence in the region, bringing its total assets to about $62 billion and expanding its network to over 200 banking locations. The merger aims to combine Wintrust's enhanced services and technology with Macatawa's strong community presence and client-focused culture.