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 $0.34 per share, representing a 9.7% increase from the $0.31 dividend paid in 2021. The dividend will be payable on February 24, 2022 to shareholders of record as of February 10, 2022. Additionally, dividends for the Company's preferred stock are scheduled for April 15, 2022. Wintrust, with assets exceeding $50 billion, provides community banking and various financial services across over 170 locations in Illinois and Wisconsin.
Wintrust Financial Corporation (WTFC) reported net income of $98.8 million in Q4 2021, down 11% from Q3 2021. However, annual net income reached a record $466.2 million, up 59% from $293 million in 2020. Total assets increased by $2.3 billion to $50.1 billion, driven by a $2.0 billion rise in loans, excluding PPP loans. Non-performing loans decreased to 0.21% of total loans. Net interest income rose by $8.5 million, despite a slight decline in net interest margin to 2.54%. The company recorded a provision for credit losses of $9.3 million, reflecting strong loan growth.
Wintrust Financial Corporation (Nasdaq: WTFC) will announce its fourth quarter and year-to-date 2021 earnings on January 19, 2022, after market close. A conference call is scheduled for January 20, 2022, at 12:00 p.m. EST, accessible via phone or webcast. With approximately $48 billion in assets, Wintrust focuses on community banking and offers various financial services through its fifteen subsidiaries in the Chicago and southern Wisconsin areas. A replay of the call and earnings release will be available on the company’s website following the event.
Wintrust Financial Corporation (NASDAQ: WTFC) and Armed Forces Bank received the 2021 Community Impact Award at the CRA & Fair Lending Colloquium held on November 16-17. This recognition is for their innovative programs aiding low- and moderate-income communities. Wintrust's PPP Resource Centers helped over 1,000 businesses secure $17 million in loans during the pandemic. Meanwhile, Armed Forces Bank's Access Loan Program has supported 4,300 military families with immediate financial needs, showcasing effective banking solutions that positively impact community welfare.
Wintrust Financial Corporation (Nasdaq: WTFC) announced an agreement to purchase approximately $570 million in loans from Allstate Corporation. This portfolio includes 1,800 loans aimed at supporting Allstate agents nationwide in establishing and expanding their businesses. Wintrust will also be the preferred national provider of loans for Allstate agents, enhancing their access to various financial services, including SBA and real estate-related financing. The transaction is expected to close in November 2021.
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.
