Wintrust Fincl Stock Price, News & Analysis

Wintrust Financial Corporation (NASDAQ: WTFC) announced the pricing of its underwritten public offering of 3,000,000 shares at $86.00 per share. The offering is expected to close on June 10, 2022, subject to customary conditions. Wintrust anticipates net proceeds of approximately $248.4 million, intended for general corporate purposes. The underwriters have a 30-day option to purchase an additional 450,000 shares. RBC Capital Markets and Raymond James & Associates are joint book-running managers for the offering.

Wintrust Financial Corporation (NASDAQ: WTFC) has initiated an underwritten public offering of 2,700,000 shares of its common stock, with an option for underwriters to purchase up to 405,000 additional shares within 30 days. The offering will utilize proceeds for general corporate purposes. RBC Capital Markets and Raymond James are managing the offering. This offering follows an effective shelf registration statement under the Securities Act of 1933. Investors can find additional information via the SEC’s website.

Wintrust Financial Corporation (Nasdaq: WTFC) announced a quarterly cash dividend of $0.34 per share, payable on May 26, 2022, to shareholders of record by May 12, 2022. Additionally, it approved dividends on its 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, which are payable on July 15, 2022, to shareholders of record as of July 1, 2022. Wintrust has over $50 billion in assets and operates multiple bank and non-bank business units.

Wintrust Financial Corporation (WTFC) reported a net income of $127.4 million or $2.07 per diluted share for Q1 2022, marking a 31% increase from Q4 2021. Total loans, excluding PPP loans, grew by $796 million (9% annualized), while core loans rose by $486 million. Total assets reached $50.3 billion, and total deposits rose by $124 million. Net interest income increased by $3.3 million, despite two fewer days in the quarter. Mortgage banking revenue surged to $77.2 million, demonstrating strong performance in the mortgage sector. Non-performing loans decreased to 0.16%.

Wintrust Financial Corporation (NASDAQ: WTFC) has achieved the highest ranking in the J.D. Power 2022 U.S. Retail Banking Satisfaction Study for the Illinois Region. This ranking, derived from over 101,000 customer responses, reflects Wintrust’s excellence in overall satisfaction and service categories such as trust, problem resolution, and convenience. Wintrust operates over 170 banking locations, emphasizing community banking and customer relationships. The company, with approximately $50 billion in assets, continues to receive recognition for its innovative services and commitment to its customers.

Wintrust Financial Corporation (NASDAQ: WTFC) announces it will release its Q1 2022 earnings on April 19, 2022, after market close, followed by a conference call on April 20, 2022, at 12:00 p.m. ET. Interested participants can join by dialing 877-363-5049 with Conference ID #6069787 or via webcast on the company's website. A replay of the call and slide presentation will be available after the event.

Wintrust boasts approximately $50 billion in assets and operates over 170 banking locations in the Greater Chicago area and Southern Wisconsin.

Wintrust Financial Corporation (Nasdaq: WTFC) will participate in the RBC Capital Markets Global Financial Institutions Virtual Conference on March 8-9, 2022. Management is scheduled for a panel discussion at approximately 4:00 PM ET on March 8. The event can be accessed via an audio webcast on Wintrust's website or through the provided link. A replay will be available for up to one year for those unable to attend. Wintrust operates fifteen community bank subsidiaries and offers a range of financial services, boasting approximately $50 billion in assets.

Wintrust Financial Corporation (NASDAQ: WTFC) will present at the Raymond James 43rd Annual Institutional Investors Conference in Orlando, Florida, from March 6-9, 2022. Management will participate in a Q&A session on March 8 at 1:40 PM ET. The event will be webcast, accessible at this link or through Wintrust's website. Wintrust, with assets of around $50 billion, focuses on community banking while offering advanced technology. A replay will be available for one year post-conference.