Wintrust Fincl Stock Price, News & Analysis

Wintrust Financial Corporation (NASDAQ: WTFC) announced a quarterly cash dividend of $0.31 per share, payable on November 26, 2021, to shareholders of record as of November 11, 2021. The Board also approved dividends on its preferred stocks, payable on January 15, 2022. Additionally, the Company authorized a $200 million stock repurchase program, complementing the remaining $23 million under the previous plan. This buyback aims to enhance shareholder value, subject to market conditions and other factors.

Wintrust Financial Corporation (WTFC) reported a net income of $109.1 million, or $1.77 per share, for Q3 2021, marking a 4% increase from Q2 2021 and a 6% rise year-over-year. Year-to-date, net income reached $367.4 million, a significant 92% increase compared to the same period in 2020. Total loans (excluding PPP) rose by $1.2 billion (15% annualized), while total deposits also increased by $1.1 billion. Notably, the allowance for credit losses decreased, reflecting improved credit quality, with non-performing loans stable at 0.27%.

Wintrust Financial Corporation (Nasdaq: WTFC) announced its plans to release its third quarter and year-to-date 2021 earnings results on October 19, 2021, after market closure. A conference call is scheduled for October 20, 2021, at 12:00 p.m. EDT, accessible via phone or webcast. Wintrust, with approximately $47 billion in assets, focuses on community banking across the greater Chicago and southern Wisconsin areas, operating numerous banking and non-banking business units. The company emphasizes advanced technology while maintaining personalized service.

Wintrust Financial Corporation (Nasdaq: WTFC) has declared a quarterly cash dividend of $0.31 per share, payable on August 19, 2021, to shareholders of record as of August 5, 2021. Moreover, 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, will be paid on October 15, 2021, to shareholders of record as of October 1, 2021. Wintrust, with assets exceeding $46 billion, operates community banking and various non-bank services.

Wintrust Financial Corporation (Nasdaq: WTFC) reported net income of $105.1 million ($1.70 per diluted share) for Q2 2021, marking a 33% decline from Q1 2021 but a 400% increase from Q2 2020. Year-to-date net income reached $258.3 million, up from $84.5 million in the same period last year. Total assets climbed by $1.1 billion, with total loans excluding PPP loans increasing by 15% annually. However, mortgage banking revenue dropped to $50.6 million from $113.5 million in Q1 2021. Positive trends include loan growth in various portfolios and a decrease in non-performing loans.

Wintrust Financial Corporation (NASDAQ: WTFC) will release its second quarter and year-to-date 2021 earnings results after market close on July 19, 2021. A conference call is scheduled for July 20, 2021, at 11:00 a.m. CDT. Interested participants can join by calling 877-363-5049 with Conference ID #8765066, or via a simultaneous audio-only webcast on the company's website. Additionally, a replay of the webcast and accompanying presentation will be available post-event. Wintrust, managing approximately $45 billion in assets, emphasizes community banking alongside various non-bank business units.

Wintrust Financial Corporation (Nasdaq: WTFC) has completed a branch purchase and assumption transaction with Greenwoods Financial Group, acquiring three locations from its subsidiary Town Bank in southwestern Wisconsin. The transaction involves approximately $78 million in deposits, aimed at enhancing Greenwoods' presence in the region. Wintrust's CEO notes the focus on customer service continuity during the transition. The financial specifics of the deal remain undisclosed, and the acquisition is part of Wintrust's strategy for community banking growth.

Wintrust Financial Corporation (Nasdaq: WTFC) announced a quarterly cash dividend of $0.31 per share, payable on May 20, 2021 to shareholders of record as of May 6, 2021. Additionally, dividends were approved for two series of preferred stock: 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, both payable on July 15, 2021 to shareholders of record as of July 1, 2021. Wintrust manages assets exceeding $45 billion and operates over 180 banking locations.

Wintrust Financial Corporation (WTFC) reported record net income of $153.1 million or $2.54 per diluted share for Q1 2021, representing a 144% increase year-over-year. Total assets rose by $601 million while total deposits increased by $780 million. The company recognized $19.2 million in PPP loan fee accretion and originated $1.3 billion in PPP loans this quarter. Non-performing loans decreased to 0.30% of total loans, indicating improved credit quality. The tangible book value per share increased to $55.42, reflecting solid growth.