Wintrust Financial (WTFC)

Wintrust is a financial holding company with assets of over $43 billion. Built on the "HAVE IT ALL" model, Wintrust offers sophisticated technology and resources of a large bank while focusing on providing service-based community banking to each and every customer. Wintrust operates fifteen community bank subsidiaries, with over 180 banking locations located in the greater Chicago and southern Wisconsin market areas. Additionally, Wintrust operates various non-bank business units including business units which provide commercial and life insurance premium financing in the United States, a premium finance company operating in Canada, a company providing short-term accounts receivable financing and value-added out-sourced administrative services to the temporary staffing services industry, a business unit engaging primarily in the origination and purchase of residential mortgages for sale into the secondary market throughout the United States, and companies providing wealth management services and qualified intermediary services for tax-deferred exchanges.

Company profile

Ticker

WTFC, WTFCM, WTFCP

Exchange

NASDAQ

Website

www.wintrust.com

CEO

Edward Wehmer

Incorporated

Illinois

Location

Illinois

Fiscal year end

Dec 31

Sector

Finance and Insurance > Commercial Banking

Industry (SIC)

State Commercial Banks

Bank Of New York Mellon • State Street • Citizens Financial • Northern Trust • M & T Bank • Fifth Third Bancorp • Associated Banc-Corp. • First Citizens Bancshares, Inc • SVB Financial • Commerce Bancshares ...

SEC CIK

0001015328

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Barrington Bank & Trust Company • Beverly Bank & Trust Company • Crystal Lake Bank & Trust Company • Chicago Deferred Exchange Company, LLC • Elektra Holding Company, LLC • First Insurance Funding of Canada, Inc. • FIFC Edge International Corporation • Great Lakes Advisors, LLC • Hinsdale Bank & Trust Company • Hyde Park Facilities, Inc. ...

IRS number

363873352

WTFC stock data

1M 1Y 5Y

News

From Benzinga Pro

What 5 Analyst Ratings Have To Say About Wintrust Finl

29 Jul 22

Within the last quarter, Wintrust Finl (NASDAQ:WTFC) has observed the following analyst ratings:

UBS Maintains Neutral on Wintrust Finl, Lowers Price Target to $96

29 Jul 22

UBS analyst Vilas Abraham maintains Wintrust Finl (NASDAQ:WTFC) with a Neutral and lowers the price target from $104 to $96.

Wedbush Maintains Outperform on Wintrust Finl, Raises Price Target to $105

21 Jul 22

Wedbush analyst David Chiaverini maintains Wintrust Finl (NASDAQ:WTFC) with a Outperform and raises the price target from $100 to $105.

Wintrust Financial Q2 EPS $1.49 Misses $1.69 Estimate

20 Jul 22

Earnings Scheduled For July 20, 2022

20 Jul 22

Press releases

From Benzinga Pro

Wintrust Financial Corporation Announces Cash Dividends

28 Jul 22

ROSEMONT, Ill., July 28, 2022 (GLOBE NEWSWIRE) -- Wintrust Financial Corporation ("Wintrust" or the "Company") (NASDAQ:WTFC) today announced that the Company's Board of Directors approved a quarterly cash dividend of

Wintrust Financial Corporation Reports Second Quarter 2022 Results

20 Jul 22

ROSEMONT, Ill., July 20, 2022 (GLOBE NEWSWIRE) -- Wintrust Financial Corporation ("Wintrust", "the Company", "we" or "our") (NASDAQ:WTFC) announced net income of $94.5 million or $1.49 per diluted common share for the

Wintrust Announces Minimum Wage Increase

13 Jul 22

ROSEMONT, Ill., July 13, 2022 (GLOBE NEWSWIRE) -- Wintrust Financial Corporation (Wintrust) (NASDAQ:WTFC) today announced that the company will increase the minimum wage paid to eligible non-commission hourly employees

Wintrust Financial Corporation Announces Second Quarter and Year-To-Date 2022 Earnings Release Schedule

6 Jul 22

Wintrust Financial Corporation Announces Pricing of Upsized $258 Million Common Stock Offering

7 Jun 22

Analyst ratings and price targets

Last 3 months

Average target

$102.00

Low target

$92.00

High target

$111.00

Investment data

Data from SEC filings

Securities sold

Number of investors

Calendar

8 Aug 22

18 Aug 22

31 Dec 22

Financial summary

Financial statements Chart WTFC financial data

Quarter (USD)	Jun 22	Mar 22	Dec 21	Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19	Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Recent insider trades

WTFC insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
30 Jun 22	Crowther Bruce K	Common Stock	Grant	Acquire A	No	No	92.93	598	55.57K	43,164
30 Jun 22	Doyle William J	Common Stock	Grant	Acquire A	No	No	92.93	507	47.12K	11,287
30 Jun 22	Elizabeth H. Connelly	Common Stock	Grant	Acquire A	No	No	92.93	377	35.03K	377
30 Jun 22	Hackett H Patrick JR	Common Stock	Grant	Acquire A	No	No	92.93	11	1.02K	40,048
30 Jun 22	Heitmann Scott K	Common Stock	Grant	Acquire A	No	No	92.93	224	20.82K	22,825

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q2 2022

WTFC institutional ownership history Ownership history

29.1% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	336	346	-2.9%
Opened positions	39	54	-27.8%
Closed positions	49	33	+48.5%
Increased positions	137	122	+12.3%
Reduced positions	111	110	+0.9%

13F shares	Current	Prev Q	Change
Total value	4.45B	5.97B	-25.5%
Total shares	55.5M	51.3M	+8.2%
Total puts	34.5K	9.4K	+267.0%
Total calls	34.4K	30.7K	+12.1%
Total put/call ratio	1.0	0.3	+227.5%

Largest owners	Shares	Value	Change
BLK Blackrock	5.83M	$466.96M	+4.2%
Vanguard	5.82M	$466.35M	+9.0%
FMR	3.46M	$277.59M	+12.6%
STT State Street	2.46M	$197.02M	-9.8%
Dimensional Fund Advisors	2.42M	$194.24M	-6.5%
Victory Capital Management	2.12M	$169.62M	+4.3%
JPM JPMorgan Chase & Co.	1.64M	$131.43M	+3.9%
Alliancebernstein	1.32M	$106.18M	+18.3%
Citadel Advisors	1.31M	$105.13M	+120.0%
Massachusetts Financial Services	1.23M	$98.25M	-18.2%

Largest transactions	Shares	Bought/sold	Change
Citadel Advisors	1.31M	+715.4K	+120.0%
Schonfeld Strategic Advisors	527.31K	+527.31K	NEW
Balyasny Asset Management	503.39K	+486.04K	+2800.9%
Vanguard	5.82M	+482.26K	+9.0%
FMR	3.46M	+388.21K	+12.6%
Wellington Management	386.85K	+386.85K	NEW
GS Goldman Sachs	664.21K	+382.94K	+136.2%
Massachusetts Financial Services	1.23M	-272.45K	-18.2%
STT State Street	2.46M	-268.26K	-9.8%
Jennison Associates	381.58K	-253.76K	-39.9%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

First Internet Bancorp

Management Discussion

The Company recorded net income of $466.2 million for the year of 2021 compared to $293.0 million and $355.7 million for the years of 2020 and 2019, respectively. The results for 2021 demonstrate increased net interest income primarily due to significant growth in earning assets as well as negative provision for credit losses primarily due to improvement of forecasted
macroeconomic conditions used in the measurement of the allowance for credit losses, partially offset by reduced mortgage banking revenue primarily due to lower mortgage originations and lower production margins during the year.
The Company increased its loan portfolio from $32.1 billion at December 31, 2020 to $34.8 billion at December 31, 2021. This increase was primarily due to growth in several portfolios, including the commercial, industrial and other (excluding PPP loans), commercial real estate, property and casualty premium finance receivables and life insurance premium finance receivables portfolios. For more information regarding changes in the Company’s loan portfolio, see “Analysis of Financial Condition – Interest Earning Assets” and Note 4 “Loans” to the Consolidated Financial Statements presented under Item 8 of this Annual Report on Form 10-K.

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. sophomore Bad

New words: accurate, accurately, arbitration, asserted, Chapter, CIBC, Code, Diego, discriminated, dispute, estoppel, inducement, leave, meal, media, Mellon, Northern, overtime, PAGA, Plaza, postage, predecessor, putative, Royal, San, seasonal, sick, stable, technique, trustee, validity, vigorously, waiver

Removed: accumulating, activated, assumption, calling, continuity, distancing, entertainment, shelter, travel, unemployment

From filing 10-Q 2022 Q2

Financial reports

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