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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.

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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 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 (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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Wintrust Financial Corporation (Wintrust) has been awarded a Top Workplaces 2023 honor by the Chicago Tribune for the tenth year in a row. The award is based on employee feedback and measures 15 culture drivers. This year, Wintrust ranked 13th on the list of larger organizations, defined as having over 400 employees locally.
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Wintrust Financial Corporation (WTFC) announces quarterly cash dividend of $0.40 per share of common stock and dividends on preferred stock.
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Wintrust Financial Corporation announces record net income of $499.1 million for the first nine months of 2023, an increase of 33% compared to the same period in 2022. Total deposits grew by approximately $1 billion, or 9% annualized, and total loans increased by approximately $423 million, or 4% annualized, in the third quarter of 2023. Net interest income reached a record quarterly high of $462.4 million.
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Wintrust Financial Corporation will release Q3 and year-to-date 2023 earnings results on October 17, 2023.
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FAQ

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

The current stock price of Wintrust Financial (WTFC) is $129.07 as of February 10, 2025.

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

The market cap of Wintrust Financial (WTFC) is approximately 8.6B.

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.
Wintrust Financial Corp

Nasdaq:WTFC

WTFC Rankings

WTFC Stock Data

8.60B
65.39M
1.44%
92.94%
1.26%
Banks - Regional
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United States
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