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Complete financial analysis of Wintrust Financial Corporation (WTFCM) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Wintrust Financial Corporation, a leading company in the Banks – Regional industry within the Financial Services sector.
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Wintrust Financial Corporation (WTFCM)
About Wintrust Financial Corporation
Wintrust Financial Corporation operates as a financial holding company. It operates in three segments: Community Banking, Specialty Finance, and Wealth Management. The Community Banking segment offers non-interest bearing deposits, non-brokered interest-bearing transaction accounts, and savings and domestic time deposits; home equity, consumer, and real estate loans; safe deposit facilities; and automatic teller machine (ATM), online and mobile banking, and other services. It also engages in the retail origination and purchase of residential mortgages for sale into the secondary market; and provision of lending, deposits, and treasury management services to condominium, homeowner, and community associations, as well as asset-based lending for middle-market companies. In addition, this segment offers loan and deposit services to mortgage brokerage companies; lending to restaurant franchisees; direct leasing; small business administration loans; commercial mortgages and construction loans; and financial solutions. It provides personal and commercial banking services primarily to individuals, small to mid-sized businesses, local governmental units, and institutional clients. The Specialty Finance segment offers commercial and life insurance premiums financing for businesses and individuals; accounts receivable financing, value-added, and out-sourced administrative services; and other specialty finance services, as well as data processing of payrolls, billing, and cash management services to temporary staffing industry. The Wealth Management segment provides trust and investment, asset management, tax-deferred exchange, securities brokerage, and retirement plan services. The company operates 173 banking facilities and 228 ATMs in the Chicago metropolitan area, southern Wisconsin, northwest Indiana, and Florida. Wintrust Financial Corporation was founded in 1991 and is headquartered in Rosemont, Illinois.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2.16B | 1.96B | 1.71B | 1.64B | 1.46B | 1.32B | 1.15B | 1.04B | 908.90M | 807.43M | 767.95M | 733.97M | 651.08M | 608.00M | 470.42M | 339.39M | 335.26M | 336.26M | 310.32M | 243.28M | 193.08M | 158.80M | 102.81M | 79.31M | 57.54M | 44.90M | 31.70M | 22.40M | 9.70M |
| Cost of Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 577.00K | 305.00K | 1.25M | 0.00 | 0.00 | 0.00 | 41.80M | 48.23M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 2.16B | 1.96B | 1.71B | 1.64B | 1.46B | 1.32B | 1.15B | 1.04B | 907.65M | 807.43M | 767.95M | 733.97M | 609.27M | 559.76M | 470.42M | 339.39M | 335.26M | 336.26M | 310.32M | 243.28M | 193.08M | 158.80M | 102.81M | 79.31M | 57.54M | 44.90M | 31.70M | 22.40M | 9.70M |
| Gross Profit Ratio | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 99.95% | 99.97% | 99.86% | 100.00% | 100.00% | 100.00% | 93.58% | 92.07% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 819.12M | 724.75M | 718.70M | 651.08M | 555.62M | 497.29M | 446.31M | 421.22M | 389.92M | 347.67M | 321.52M | 302.01M | 266.50M | 249.15M | 208.08M | 150.69M | 145.53M | 137.01M | 118.07M | 94.05M | 74.78M | 63.44M | 35.63M | 28.12M | 20.81M | 18.90M | 14.20M | 11.60M | 0.00 |
| Selling & Marketing | 65.08M | 59.42M | 47.28M | 36.30M | 48.60M | 41.14M | 30.83M | 24.78M | 21.85M | 13.57M | 11.05M | 9.44M | 8.38M | 6.32M | 5.37M | 5.35M | 5.32M | 5.07M | 4.97M | 3.40M | 2.22M | 2.30M | 1.60M | 1.31M | 1.40M | 1.60M | 1.30M | 1.10M | 0.00 |
| SG&A | 884.19M | 784.16M | 765.97M | 687.38M | 604.21M | 538.43M | 477.14M | 446.00M | 411.77M | 361.25M | 332.57M | 311.45M | 274.88M | 255.46M | 213.45M | 156.04M | 150.85M | 142.08M | 123.04M | 97.45M | 76.99M | 65.74M | 37.23M | 29.43M | 22.21M | 20.50M | 15.50M | 12.70M | 0.00 |
| Other Expenses | 0.00 | 192.27M | -1.84B | -1.94B | -1.58B | -1.19B | -186.35M | -175.30M | 0.00 | 0.00 | 0.00 | 0.00 | -37.97M | 0.00 | 0.00 | 0.00 | 0.00 | -65.04M | -138.13M | -155.92M | -127.23M | -97.94M | -18.73M | -5.10M | -4.00M | -9.50M | -7.90M | -13.20M | -8.20M |
| Operating Expenses | 1.11B | 192.27M | -1.07B | -1.25B | -979.07M | -650.75M | 58.67M | 45.19M | 40.15M | 29.15M | 25.97M | 24.70M | 25.25M | 22.71M | 18.77M | 14.18M | 12.41M | 77.04M | -15.09M | -58.47M | -50.24M | -32.20M | 18.50M | 24.33M | 18.21M | 11.00M | 7.60M | -500.00K | -8.20M |
| Cost & Expenses | 1.11B | 330.73M | -1.07B | -1.25B | -979.07M | -650.75M | 59.24M | 45.49M | 41.40M | 29.15M | 25.97M | 24.70M | 67.06M | 70.94M | 18.77M | 14.18M | 12.41M | 77.04M | -15.09M | -58.47M | -50.24M | -32.20M | 18.50M | 24.33M | 18.21M | 11.00M | 7.60M | -500.00K | -8.20M |
| Interest Income | 2.89B | 1.75B | 1.28B | 1.29B | 1.39B | 1.17B | 946.47M | 812.46M | 718.46M | 671.27M | 630.71M | 627.02M | 603.50M | 591.18M | 527.61M | 514.72M | 611.56M | 557.95M | 407.04M | 261.75M | 203.99M | 182.23M | 166.46M | 148.18M | 109.33M | 88.00M | 65.10M | 39.10M | 9.70M |
| Interest Expense | 1.06B | 252.08M | 150.53M | 253.11M | 330.22M | 205.91M | 114.39M | 90.26M | 76.94M | 72.69M | 80.08M | 107.51M | 144.42M | 177.27M | 215.74M | 270.16M | 350.01M | 309.06M | 190.28M | 103.92M | 83.50M | 84.11M | 92.44M | 87.18M | 61.60M | 51.20M | 38.30M | 24.20M | 0.00 |
| Depreciation & Amortization | 84.76M | 97.22M | 102.61M | 95.33M | 88.36M | 67.67M | 63.11M | 36.89M | 4.62M | 4.69M | 4.63M | 4.32M | 3.43M | 2.74M | 20.51M | 20.57M | 20.01M | 17.62M | 16.75M | 12.06M | 11.02M | 11.74M | 7.50M | 8.39M | 3.76M | 2.60M | 1.70M | 2.10M | 0.00 |
| EBITDA | 0.00 | 0.00 | 697.10M | 486.15M | 568.46M | 531.32M | 0.00 | 396.47M | 245.54M | 284.22M | 250.62M | 204.81M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 165.19M | 0.00 | 90.69M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.50M |
| EBITDA Ratio | 0.00% | 8.62% | 40.20% | 26.73% | 36.16% | 55.72% | 49.46% | 45.75% | 40.20% | 43.50% | 43.06% | 42.55% | 44.84% | 48.72% | 75.20% | 94.69% | 135.37% | 128.15% | 100.54% | 80.93% | 79.69% | 87.12% | 125.30% | 141.26% | 138.17% | 130.29% | 129.34% | 107.14% | 15.43% |
| Operating Income | 1.05B | 124.51M | 637.80M | 389.78M | 480.10M | 666.04M | 29.65M | 16.44M | 2.73M | 346.55M | 326.08M | 307.99M | 288.49M | 293.50M | 333.24M | 300.80M | 433.83M | 413.30M | 295.23M | 184.81M | 142.84M | 126.60M | 121.32M | 103.63M | 75.75M | 55.90M | 39.30M | 21.90M | 1.50M |
| Operating Income Ratio | 48.49% | 6.37% | 37.35% | 23.75% | 32.90% | 50.58% | 2.58% | 1.58% | 0.30% | 42.92% | 42.46% | 41.96% | 44.31% | 48.27% | 70.84% | 88.63% | 129.40% | 122.91% | 95.14% | 75.97% | 73.98% | 79.72% | 118.00% | 130.67% | 131.64% | 124.50% | 123.97% | 97.77% | 15.43% |
| Total Other Income/Expenses | -200.61M | 645.05M | -133.65M | -143.10M | -125.41M | -106.87M | -94.97M | -97.02M | -95.73M | -90.22M | -86.03M | -32.35M | -160.46M | -195.44M | 156.01M | -290.72M | -370.02M | -60.95M | -204.39M | -9.81M | -83.50M | -84.11M | -92.19M | -87.18M | -61.60M | -51.20M | -38.30M | -24.20M | -16.90M |
| Income Before Tax | 845.08M | 700.56M | 637.80M | 389.78M | 480.10M | 460.13M | 390.00M | 331.85M | 251.77M | 246.43M | 224.44M | 180.13M | 128.03M | 100.81M | 117.50M | 30.64M | 83.82M | 104.24M | 104.95M | 80.89M | 59.34M | 42.50M | 29.13M | 16.45M | 14.15M | 4.70M | 1.00M | -2.30M | 1.00M |
| Income Before Tax Ratio | 39.19% | 35.82% | 37.35% | 23.75% | 32.90% | 34.94% | 33.99% | 31.94% | 27.70% | 30.52% | 29.23% | 24.54% | 19.66% | 16.58% | 24.98% | 9.03% | 25.00% | 31.00% | 33.82% | 33.25% | 30.73% | 26.76% | 28.33% | 20.74% | 24.59% | 10.47% | 3.15% | -10.27% | 10.33% |
| Income Tax Expense | 222.46M | 190.87M | 171.65M | 96.79M | 124.40M | 116.97M | 132.32M | 124.98M | 95.02M | 95.03M | 87.23M | 68.94M | 50.46M | 37.48M | 44.44M | 10.15M | 28.17M | 37.75M | 37.93M | 29.55M | 21.23M | 14.62M | 10.44M | 5.29M | 4.72M | -1.50M | -3.80M | -1.30M | -495.00K |
| Net Income | 622.63M | 509.68M | 466.15M | 292.99M | 355.70M | 343.17M | 257.68M | 206.88M | 156.75M | 151.40M | 137.21M | 111.20M | 77.58M | 63.33M | 73.07M | 20.49M | 55.65M | 66.49M | 67.02M | 51.33M | 38.12M | 27.88M | 18.44M | 11.16M | 9.43M | 6.20M | 4.80M | -1.00M | 1.50M |
| Net Income Ratio | 28.87% | 26.06% | 27.30% | 17.85% | 24.38% | 26.06% | 22.46% | 19.91% | 17.25% | 18.75% | 17.87% | 15.15% | 11.91% | 10.42% | 15.53% | 6.04% | 16.60% | 19.77% | 21.60% | 21.10% | 19.74% | 17.55% | 17.93% | 14.07% | 16.38% | 13.81% | 15.14% | -4.46% | 15.43% |
| EPS | 9.72 | 8.14 | 7.69 | 4.72 | 6.11 | 6.10 | 4.71 | 4.11 | 3.28 | 3.25 | 3.55 | 3.06 | 2.19 | 2.11 | 3.04 | 0.87 | 2.31 | 2.66 | 2.89 | 2.49 | 2.11 | 1.71 | 1.34 | 0.85 | 0.76 | 0.51 | 0.41 | -0.11 | 0.18 |
| EPS Diluted | 9.58 | 8.02 | 7.58 | 4.68 | 6.03 | 6.00 | 4.55 | 3.81 | 3.02 | 2.98 | 2.75 | 2.31 | 1.76 | 2.01 | 2.77 | 0.85 | 2.24 | 2.56 | 2.75 | 2.34 | 1.98 | 1.60 | 1.27 | 0.83 | 0.73 | 0.49 | 0.40 | -0.11 | 0.16 |
| Weighted Avg Shares Out | 61.15M | 59.21M | 56.99M | 57.52M | 56.86M | 56.30M | 54.70M | 50.28M | 47.84M | 46.52M | 38.70M | 36.37M | 35.36M | 30.06M | 24.01M | 23.62M | 24.11M | 25.01M | 23.20M | 20.65M | 18.07M | 16.30M | 13.76M | 13.07M | 12.40M | 12.08M | 11.61M | 9.20M | 8.32M |
| Weighted Avg Shares Out (Dil) | 62.09M | 60.09M | 57.79M | 58.02M | 57.62M | 57.21M | 56.69M | 54.27M | 51.94M | 50.85M | 49.95M | 48.03M | 43.99M | 31.57M | 26.35M | 24.13M | 24.89M | 25.93M | 24.34M | 21.97M | 19.25M | 17.42M | 14.52M | 13.39M | 12.86M | 12.57M | 12.00M | 9.20M | 9.36M |
Source: https://incomestatements.info
Category: Stock Reports
How did Wintrust Financial’s non-interest expenses evolve in the fourth quarter of 2023?
Salaries and employee benefits expense increased by $1.6 million in the fourth quarter of 2023 as compared to the third quarter of 2023. The $1.6 million increase is primarily related to increased employee insurance costs and other benefits during the fourth quarter of 2023.
How did Wintrust Financial’s net interest income change in 2023?
Net Interest Income: Record quarterly net interest income of $470.0 million in Q4 2023, a $7.6 million increase from Q3 2023. Loan Portfolio Growth: Total loans increased by $686 million, or 7% annualized, in Q4 2023. Deposit Growth: Total deposits grew by $404 million, or 4% annualized, in Q4 2023.
What were Wintrust Financial’s record net income and EPS in 2023?
17, 2024 (GLOBE NEWSWIRE) — Wintrust Financial Corporation (“Wintrust”, “the Company”, “we” or “our”) (Nasdaq: WTFC) announced record annual net income of $622.6 million or $9.58 per diluted common share for the year ended December 31, 2023 as compared to net income of $509.7 million or $8.02 per diluted common share …