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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
CEO
Edward Wehmer
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
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

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

8 Aug 22
18 Aug 22
31 Dec 22
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
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
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%

Financial report summary

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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

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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