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 (Nasdaq: WTFC) announced a quarterly cash dividend of $0.31 per share, payable on February 25, 2021, to shareholders of record by February 11, 2021. This marks a notable increase of approximately 10.7% from the $0.28 dividend in 2020. Additionally, dividends on the Company’s preferred stock classes, Series D and E, are set for April 15, 2021, for shareholders of record by April 1, 2021.
Wintrust, with assets exceeding $45 billion, is focused on community banking and offers a range of financial services.
Wintrust Financial Corporation (Nasdaq: WTFC) reported a net income of $101.2 million in Q4 2020, representing a 2% decrease sequentially but a 13% increase year-over-year. For the full year, net income totaled $293 million, down from $355.7 million in 2019. Key highlights include a $1.3 billion rise in total assets and $1.2 billion in total deposits. Non-performing loans declined by 26%, while net interest income increased by $3.5 million. Mortgage banking revenue dropped by $21.7 million. The company plans to close 10 branches, projecting annual savings of $5 million.
Wintrust Commercial Banking has established a new division called the Wintrust Money Service Exchange Group, aimed at serving the money service business industry in the U.S. The group will provide treasury management, lending, and capital markets support tailored to the unique needs of this market.
Carol Ann Killian, an experienced professional with 26 years in banking, will lead the group. Wintrust, which has over $43 billion in assets, aims to expand its client offerings and enhance services for money service businesses, ensuring compliance with regulatory changes and technological advancements.
Wintrust Financial Corporation (Nasdaq: WTFC) has signed a branch purchase and assumption agreement with Greenwoods Financial Group, Inc. for three branches in southwestern Wisconsin. Greenwoods will acquire approximately $80 million in deposits along with bank facilities and other assets. The transaction aims to enhance Greenwoods' presence in the area and allows Wintrust to concentrate on primary markets. The deal is subject to regulatory approval and is expected to close in Q2 2021, with no significant impact anticipated on Wintrust's 2021 earnings per share.
Wintrust Financial Corporation (WTFC) will release its fourth quarter and year-to-date 2020 earnings results on January 20, 2021, after market close. A conference call to discuss these results is set for January 21 at 10:00 a.m. CDT. Participants can join by calling 877-363-5049 with Conference ID #9780585 or via an audio-only webcast on the company's website. The earnings release and a slide presentation will also be available online.
Wintrust Financial Corporation (Nasdaq: WTFC) announced a quarterly cash dividend of $0.28 per share, payable on November 27, 2020, to shareholders of record by November 12, 2020. Additionally, dividends on Series D and Series E preferred stock will be distributed on January 15, 2021, to those on record by January 1, 2021. Wintrust has over $43 billion in assets and operates 15 community bank subsidiaries in the Chicago and southern Wisconsin areas, focusing on service-based banking.
Wintrust Financial Corporation (Nasdaq: WTFC) reported record net income of $107.3 million or $1.67 per diluted share for Q3 2020, a 391% increase from Q2 2020, but a 1% decrease compared to Q3 2019. Year-to-date net income was $191.8 million, down from $269.7 million in the same period in 2019. Total assets rose by $192 million, with loans up by $733 million. However, net interest income decreased by $7.2 million primarily due to lower PPP loan fee accretion. Mortgage banking revenue reached $108.5 million, while non-performing assets fell to 0.42%.
Wintrust Financial Corporation (Nasdaq: WTFC) plans to present at the Stephens 10th Annual Bank Forum on September 23, 2020. The presentation materials will be accessible on their website. Wintrust, with over $43 billion in assets, combines advanced banking technology with community-focused service through 15 subsidiaries and over 180 locations in the Chicago and southern Wisconsin regions. Their diverse operations also include various non-bank business units, providing services like insurance premium financing and wealth management.
Wintrust Financial Corporation (Nasdaq: WTFC) has announced a quarterly cash dividend of $0.28 per share of outstanding common stock, payable on August 20, 2020, to shareholders of record as of August 6, 2020. Additionally, dividends were approved for its 6.50% Fixed-to-Floating and 6.875% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stocks, payable on October 15, 2020, to shareholders of record as of October 1, 2020. With assets over $43.5 billion, Wintrust continues to serve the community banking sector across the greater Chicago and southern Wisconsin areas.
Wintrust Financial Corporation (WTFC) reported a net income of $21.7 million, or $0.34 per share, for Q2 2020, marking a 67.3% decrease from Q1 2020 and a 75.4% drop year-over-year. However, total assets increased by $4.7 billion, supported by $3.3 billion in Paycheck Protection Program (PPP) loans. Despite higher mortgage banking revenues of $102.3 million, credit losses rose to $135.1 million amid economic challenges. The company's loans to deposits ratio stood at 88.1%, and they completed a preferred stock issuance yielding $278.4 million. CEO Wehmer emphasized commitment to community support amid COVID-19 challenges.
