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Wintrust Financial Corp - WTFC STOCK NEWS

Welcome to our dedicated page for Wintrust Financial news (Ticker: WTFC), a resource for investors and traders seeking the latest updates and insights on Wintrust Financial stock.

Wintrust Financial Corp (symbol: WTFC) is a diversified financial services holding company headquartered in Rosemont, Illinois, with assets exceeding $21 billion. Through its 15 wholly-owned banking subsidiaries and over 145 locations, Wintrust provides a comprehensive range of traditional and specialized financial services to communities in the greater Chicago area and southern Wisconsin.

Wintrust operates through three main segments: Community Banking, Specialty Finance, and Wealth Management. The Community Banking segment offers a wide array of personal and commercial banking services, including checking and savings accounts, loans, and mortgages. The Specialty Finance segment provides unique financial solutions such as commercial insurance premium financing, short-term accounts receivable financing, and mortgage origination. The Wealth Management segment delivers services in financial planning, investment management, and trust and estate administration.

The company's business model is grounded in a community-oriented approach, aiming to foster lasting relationships with customers and local businesses. Wintrust has historically expanded through both organic growth and strategic acquisitions, enhancing its service offerings and market reach.

In recent developments, Wintrust has focused on maintaining a robust loan portfolio, predominantly in commercial real estate, and consistently generating net interest income as its primary revenue source. The company has also been proactive in adopting technology to streamline operations, including data processing, payroll services, and billing and treasury management.

Financially, Wintrust remains stable with a strong balance sheet, demonstrating resilience through various economic cycles. The company is committed to sustainable growth and shareholder value, regularly reviewing its financial performance and adjusting strategies to meet evolving market demands.

For the latest updates, including consolidated statements of income, loan and deposit portfolio analyses, and other key operating measures, stakeholders can access detailed financial reports and news releases on Wintrust's official website.

News

Wintrust Financial Corporation and Macatawa Bank Corporation Announce Plans to Merge

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Wintrust Financial and Macatawa Bank have announced a merger agreement for Wintrust to acquire Macatawa in an all-stock transaction. Macatawa, with approximately $2.7 billion in assets, will be acquired for an estimated $510.3 million, or $14.85 per share. The transaction is expected to close in the second half of 2024.
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Wintrust Wins Highest Ranking by J.D. Power for Illinois Retail Banking Customer Satisfaction for the Third Year in a Row

Rhea-AI Summary
Wintrust Financial (WTFC) has been recognized as the Most Trusted Retail Bank in Illinois for the third consecutive year in the J.D. Power 2024 U.S. Retail Banking Satisfaction Study, scoring highest in the Regional Trust Index. With over 105,000 retail banking customers surveyed, Wintrust continues to excel in customer satisfaction and trust. CEO Timothy S. Crane highlighted the dedication of the bank's employees in earning customer trust and providing exceptional service. Wintrust has also made significant strides in customer support by eliminating overdraft and item return fees, expanding branch networks, and acquiring a prominent U.S. asset management business. The company's commitment to innovation and customer engagement has earned it various prestigious awards, reinforcing its position as a leading financial institution.
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Wintrust Financial Corporation Announces First Quarter 2024 Earnings Release Schedule

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Wintrust Financial (WTFC) is set to announce its first quarter 2024 earnings results on April 17, 2024, followed by a conference call on April 18, 2024. Investors can access the audio webcast and slide presentation on the company's website. Registration for the call is required to participate and ask questions directly to management.
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Wintrust Financial Corporation to Present at Raymond James 45th Annual Institutional Investors Conference

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Wintrust Financial Corporation (WTFC) to present at Raymond James Institutional Investors Conference, offering a Q&A session on March 4, 2024. The event will be webcast and accessible for 90 days post-conference.
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Wintrust Financial Corporation to Present at RBC Capital Markets Global Financial Institutions Conference on March 5, 2024

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Wintrust Financial Corporation to present at RBC Capital Markets Global Financial Institutions Conference on March 5-6, 2024. Management will participate in a Q&A session. Event accessible via audio webcast on company's website. Replay available for 90 days.
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Wintrust Financial Corporation and LPL Financial Announce Strategic Relationship

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Wintrust Financial Corporation (WTFC) and LPL Financial Holdings Inc. (LPLA) have agreed to transition support for Wintrust Investments, LLC and Great Lakes Advisors, LLC wealth management businesses to LPL's Institution Services platform. The move involves approximately 85 advisors and $16 billion in brokerage and advisory assets. Wintrust Investments, LLC will transfer $13 billion of assets, while Great Lakes Advisors, LLC will transfer $3 billion of private client advisory assets to LPL.
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OneDigital and Wintrust Investments, LLC Form Strategic Relationship for Retirement Plan Servicing Business

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OneDigital Investment Advisors LLC, a subsidiary of OneDigital, has acquired Wintrust Investments, LLC's Retirement Benefits Advisors division, bringing over $2.6 billion in advisory assets to the OneDigital platform. The strategic relationship aims to enhance client outcomes by providing holistic retirement planning solutions and increased capabilities for over 200 clients in Chicago. The transaction also strengthens OneDigital's national retirement plan advisory practice and expands its influence in the region.
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Wintrust Financial Corporation Announces Cash Dividends, Increasing Quarterly Common Stock Dividend Rate By 12.5%

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Wintrust Financial Corporation (WTFC) has announced a 12.5% increase in its quarterly cash dividend to $0.45 per share of outstanding common stock. The dividend is payable on February 22, 2024, and the Board of Directors also approved dividends on the Company's preferred stock. This signifies a positive financial move for the company and its shareholders.
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Wintrust Financial Corporation Reports Record Full Year Net Income

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Wintrust Financial Corporation reported record annual net income of $622.6 million for 2023, with a 19% increase in diluted earnings per common share compared to 2022. Pre-tax, pre-provision income totaled a record $959.5 million, up 23% from the previous year. The fourth quarter of 2023 saw a net income of $123.5 million, with an accrual of $34.4 million for the FDIC special assessment and a $9.7 million unfavorable net valuation adjustment. Timothy S. Crane, President and CEO, expressed satisfaction with the strong 2023 results, highlighting steady growth in loans and deposits and record net interest income.
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Wintrust Financial Corporation Announces Fourth Quarter and Full Year 2023 Earnings Release Schedule

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Wintrust Financial Corporation (WTFC) to release Q4 and full year 2023 earnings results on January 17, 2024, with a conference call on January 18, 2024. Individuals can access the audio-only webcast and slide presentation on the company's website. A replay will also be available.
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FAQ

What is the current stock price of Wintrust Financial (WTFC)?

The current stock price of Wintrust Financial (WTFC) is $136.27 as of December 3, 2024.

What is the market cap of Wintrust Financial (WTFC)?

The market cap of Wintrust Financial (WTFC) is approximately 7.1B.

What services does Wintrust Financial Corp provide?

Wintrust offers community banking, wealth management, commercial insurance premium financing, mortgage origination, and accounts receivable financing.

Where is Wintrust Financial Corp located?

Wintrust is headquartered in Rosemont, Illinois, and operates in the greater Chicago area and southern Wisconsin.

What are the main segments of Wintrust's operations?

The main segments are Community Banking, Specialty Finance, and Wealth Management.

How does Wintrust Financial Corp generate its revenue?

The majority of Wintrust's revenue comes from net interest income generated by its commercial and real estate loan portfolios.

How has Wintrust Financial Corp grown over the years?

Wintrust has expanded through both organic growth and strategic acquisitions, enhancing its service offerings and market reach.

What makes Wintrust Financial Corp unique?

Wintrust's community-oriented approach and diversified financial services make it a unique financial entity in its operating regions.

What recent developments has Wintrust Financial Corp made?

Wintrust has prioritized maintaining a strong loan portfolio, leveraging technology for operational efficiency, and consistently producing net interest income.

How does Wintrust Financial Corp ensure financial stability?

Wintrust maintains a robust balance sheet, actively manages its financial performance, and adapts strategies to meet market demands.

Where can I find detailed financial reports of Wintrust Financial Corp?

Detailed financial reports and news releases are available on Wintrust's official website, providing comprehensive financial and operational insights.

Who are the key executives of Wintrust Financial Corp?

Key executives include Timothy S. Crane, President & CEO, and David A. Dykstra, Vice Chairman & COO.

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Wintrust Financial Corp

Nasdaq:WTFC

WTFC Rankings

#1092 Ranked by Market Cap
#1626 Ranked by Dividends

WTFC Stock Data

7.08B
65.47M
1.43%
93.1%
0.98%
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