- Total deposits for Wintrust Financial reached $55.82 billion, representing a 4.2% increase from the previous quarter and surpassing the estimated $54.51 billion.
- Total loans amounted to $51.04 billion, marking a 4.8% increase from the prior quarter, exceeding the forecast of $49.81 billion.
- The cash and due from banks stood at $695.5 million, which is a significant 13% rise quarter-over-quarter.
- Earnings per share (EPS) increased to $2.78, compared to $2.32 year-over-year.
- Net revenue for the quarter was $670.8 million, which is a 13% increase year-over-year, beating the estimated $661.5 million.
- Net interest income rose to $546.7 million, a growth of 16% year-over-year, surpassing the expected $543.7 million.
- The net interest margin recorded was 3.52%, slightly lower than the estimated 3.54% but improved from 3.5% year-over-year.
- The return on average equity improved to 12.1%, up from 11.6% year-over-year and higher than the estimated 11.3%.
- Book value per share climbed to $95.43, compared to $82.97 a year ago, slightly above the estimated $95.01.
- Analyst recommendations include 12 buy ratings, 2 hold ratings, and no sell ratings.
A look at Wintrust Financial Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Wintrust Financial Corporation, a multi-bank holding company based in Chicago, Illinois, is positioned strongly for long-term growth. With impressive Smart Scores across various factors, including high ratings for Value, Growth, Resilience, and Momentum, the company demonstrates a solid overall outlook. These scores indicate that Wintrust Financial is viewed favorably in terms of its financial performance, potential for expansion, ability to withstand market challenges, and positive market momentum.
Specializing in community-based banking services, Wintrust Financial serves a diverse range of clients, including individuals, businesses, local governmental units, and institutions. With subsidiaries focused on financing and trust services, the company’s dedication to providing comprehensive financial solutions is evident. As indicated by its Smart Scores, Wintrust Financial is well-positioned to continue its growth trajectory and remain resilient in the ever-evolving market landscape.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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