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) delivers community-focused banking and specialty financial services across Illinois and Wisconsin. This news hub provides investors and stakeholders with direct access to the company's official communications and market developments.
Track all essential updates through curated press releases covering quarterly earnings, strategic initiatives, and operational expansions. Our repository includes filings related to commercial lending activities, wealth management services, and insurance premium financing operations – critical information for assessing WTFC's position in regional financial markets.
Discover timely announcements about leadership appointments, regulatory compliance milestones, and community partnership programs. The collection emphasizes WTFC's core banking operations while providing context on its specialty finance segments that drive revenue diversification.
Bookmark this page for streamlined monitoring of Wintrust's financial performance and corporate announcements. Regular updates ensure you maintain current awareness of this Midwest banking leader's evolving market strategy.
Wintrust Financial Corporation (WTFC) reported record quarterly net income of $180.2 million, or $2.80 per diluted share, for Q1 2023, a 26% increase from Q4 2022. Pre-tax, pre-provision income reached $266.6 million, compared to $242.8 million in the previous quarter. Total deposits decreased by $184 million (0.4%), while total loans rose by $369 million. The net interest margin improved to 3.81%, from 3.71%, attributed to higher yields on earning assets. A provision for credit losses of $23 million was recorded, down from $47.6 million in Q4 2022. Non-performing assets remained stable at 0.21% of total assets. Book value per common share increased to $75.24, while tangible book value rose to $64.22. Wintrust aims to strengthen its retail deposit market share going forward.
FAQ
What is the current stock price of Wintrust Fincl (WTFC)?
What is the market cap of Wintrust Fincl (WTFC)?
