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) will present at the Raymond James 44th Annual Institutional Investors Conference from March 5 - 8, 2023, in Orlando, Florida. Management will participate in a Q&A session on March 6, 2023, starting at 10:25 AM ET. The event will be webcasted, and can be accessed via Wintrust's website or directly through the webcast link provided. There is no charge to access the event, and a replay will be available for 90 days after the conference. Wintrust has approximately $53 billion in assets and operates fifteen community bank subsidiaries in the greater Chicago and southern Wisconsin areas.
Wintrust Financial Corporation (Nasdaq: WTFC) will present at the RBC Capital Markets Global Financials Conference on March 7-8, 2023. Wintrust management is scheduled for a panel discussion on March 7 at approximately 4:00 PM Eastern Time. The event will be accessible through an audio webcast, available at this link or on Wintrust’s official website. A replay will be available for 90 days post-conference. Wintrust manages approximately $53 billion in assets and focuses on community banking services across Chicago and southern Wisconsin.
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Wintrust Financial Corporation (WTFC) announced the transition of its Chief Executive Officer role, effective May 1, 2023. Timothy S. Crane, currently President, will take over as CEO and join the Board of Directors immediately. Edward J. Wehmer will remain CEO until April 30, 2023, then transition to Executive Chairman until May 23, 2024, before becoming Founder and Senior Advisor until December 31, 2026. H. Patrick Hackett Jr. continues as Chairman and Lead Independent Director. The transition follows a rigorous succession planning process and is expected to provide continuity and confidence in Wintrust’s future. Wintrust operates over 170 locations with around $53 billion in assets.
Wintrust Financial Corporation (NASDAQ: WTFC) announced a quarterly cash dividend of $0.40 per share, marking a 17.6% increase from 2022's $0.34. The dividend is payable on February 23, 2023, to shareholders of record by February 9, 2023. Additionally, dividends on the 6.50% Fixed-to-Floating Non-Cumulative Perpetual Preferred Stock, Series D, and 6.875% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series E, are set for April 15, 2023, with record date April 1, 2023. Wintrust operates approximately $53 billion in assets across 15 community bank subsidiaries.
Wintrust Financial Corporation (Nasdaq: WTFC) reported a strong financial performance for Q4 2022, with net income reaching $144.8 million or $2.23 per diluted share, a 1% increase from Q3 2022. The company achieved record annual net income of $509.7 million for 2022, up 9% from $466.2 million in 2021. Notable highlights include a 14% increase in net interest income, totaling $456.8 million, driven by improved net interest margins and loan growth. Total loans rose by $1 billion (11% annualized). However, a provision for credit losses of $47.6 million was recorded amid macroeconomic challenges. The company aims to grow deposits in 2023 while maintaining strong credit quality.
Wintrust Financial Corporation (Nasdaq: WTFC) has announced its fourth quarter and year-to-date 2022 earnings results will be released after market close on January 18, 2023. A conference call is scheduled for January 19, 2023, at 10:00 a.m. (CDT). Investors can access the audio-only webcast on their website. Wintrust, with approximately $52 billion in assets, operates fifteen community bank subsidiaries and various non-bank business units, focusing on community banking while leveraging advanced technology.
Lisa Pattis has been appointed to the Board of Trustees at the National Philanthropic Trust (NPT), the largest independent public charity managing donor-advised funds in the U.S. Pattis brings extensive experience in corporate law, global investing, and philanthropy. Previously, she was General Counsel at Wintrust Financial Corporation (NASDAQ: WTFC) and has held leadership roles in various organizations. NPT has raised over $40.5 billion since its inception, making more than 541,000 grants totaling over $21.0 billion to nonprofits worldwide.
Wintrust Financial Corporation (NASDAQ: WTFC) announced an agreement to acquire two asset management businesses from Rothschild & Co, managing approximately $8 billion in assets. The businesses, Rothschild & Co Asset Management U.S. and Rothschild & Co Risk Based Investments, will merge into Wintrust's Great Lakes Advisors. This acquisition aims to enhance Wintrust's investment strategies and capabilities, focusing on expanding its wealth management services. The transaction is expected to close in early 2023, pending certain conditions.
Wintrust Financial Corporation (Nasdaq: WTFC) announced a quarterly cash dividend of $0.34 per share, payable on November 25, 2022, to shareholders of record by November 10, 2022. Additionally, dividends were approved for the 6.50% Fixed-to-Floating Non-Cumulative Perpetual Preferred Stock, Series D, and the 6.875% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series E, both payable on January 15, 2023, to record shareholders as of January 1, 2023.