Wintrust Financial Corporation
- Open
- 164.29
- Day high
- 166.12
- Day low
- 163.87
- Prev close
- 166.90
- Volume
- 1.4M
- Mkt cap
- $11.1B
- P/E (TTM)
- 13.6
- EPS (TTM)
- $12.11
- P/B
- 1.5
- P/S
- 2.6
- Yield
- 0.67%
- Per share
- $1.10
- ▼Insiders net selling -$2.0M over the last 3 months (0 open-market buys, 3 sales)
- 🏛Institutions mixed (13F)
Wintrust Financial Corporation (WTFC) is a Financial Services company listed on NASDAQ. The stock is up 23% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 3 sales (SEC Form 4).
Wintrust Financial Corporation (WTFC) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 8 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
WTFC earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 21, 2026 | $2.96 | $3.22 | +8.8% | $713M | +0.8% |
| Feb 26, 2026 | — | $3.30 | — | $1.1B | — |
| Oct 20, 2025 | $2.63 | $3.06 | +16.3% | $698M | +1.2% |
| Jul 21, 2025 | $2.60 | $2.78 | +6.9% | $671M | +1.6% |
| Jan 21, 2025 | $2.52 | $2.63 | +4.4% | $639M | -0.4% |
| Oct 21, 2024 | $2.51 | $2.47 | -1.6% | $616M | -1.2% |
| Jul 17, 2024 | $2.42 | $2.32 | -4.1% | $592M | +0.8% |
| Apr 17, 2024 | $2.42 | $2.89 | +19.4% | $605M | +4.6% |
| Jan 17, 2024 | $2.49 | $1.87 | -24.9% | $571M | -1.4% |
| Oct 17, 2023 | $2.40 | $2.53 | +5.4% | $575M | +0.9% |
| Jul 19, 2023 | $2.38 | $2.38 | +0.0% | $561M | -0.1% |
| Apr 19, 2023 | $2.54 | $2.80 | +10.2% | $566M | -0.8% |
WTFC insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jul 2, 2026 | Kohl Laura A.director | Grant | 399 | $138.94 |
| Jul 2, 2026 | MCKINNEY SUZET Mdirector | Grant | 408 | $138.94 |
| Jul 2, 2026 | TEGLIA KARIN GUSTAFSONdirector | Grant | 485 | $138.94 |
| Jul 2, 2026 | Smith Gregory Adirector | Grant | 447 | $138.94 |
| May 29, 2026 | DYKSTRA DAVID Aofficer: VICE CHAIRMAN AND COO | Grant | 154 | $150.69 |
| May 29, 2026 | WEHMER EDWARD Jofficer: FOUNDER AND SENIOR ADVISOR | Grant | 220 | $150.69 |
| May 6, 2026 | MCKINNEY SUZET Mdirector | Sell | 500 | $148.96 |
| Apr 28, 2026 | DYKSTRA DAVID Aofficer: VICE CHAIRMAN AND COO | Sell | 9,579 | $148.82 |
| Apr 24, 2026 | STOEHR DAVID Lofficer: CHIEF FINANCIAL OFFICER | Sell | 3,020 | $150.45 |
| Apr 1, 2026 | GLABE MARLA Fdirector | Grant | 412 | $139.82 |
| Apr 1, 2026 | WASHINGTON ALEX E IIIdirector | Grant | 524 | $139.82 |
| Apr 1, 2026 | KENNEY BRIAN Adirector | Grant | 438 | $139.82 |
| Apr 1, 2026 | HACKETT H PATRICK JRdirector | Grant | 12 | $139.82 |
| Apr 1, 2026 | Kohl Laura A.director | Grant | 395 | $139.82 |
| Apr 1, 2026 | LEFEVRE DEBORAH L. HALLdirector | Grant | 500 | $139.82 |
Source: WTFC SEC Form 4 filings, latest Jul 2, 2026. For informational purposes only — not investment advice.
See the full WTFC insider & 13F page →Wintrust Financial Corporation company profile
Overview
Wintrust Financial Corporation (NASDAQ:WTFC) is a financial holding company founded in 1991 and headquartered in Rosemont, Illinois. The company went public in 1998 and has grown to become a significant regional banking player in the Midwest, operating primarily in the Chicago metropolitan area, southern Wisconsin, northwest Indiana, and Florida. Wintrust has built its franchise through a combination of organic growth and strategic acquisitions, including the recent acquisition of Macatawa Bank in 2024, which expanded its presence into West Michigan.
Business
Wintrust Financial operates as a diversified financial services company through three main business segments that collectively generated $3.5 billion in revenue for 2024. The Community Banking segment represents the core of Wintrust's operations, accounting for approximately 70-75% of total revenue. This segment provides traditional banking services including checking and savings accounts, certificates of deposit, home equity loans, consumer loans, real estate loans, and commercial lending. The community banking division also encompasses specialized lending activities such as asset-based lending for middle-market companies, lending to restaurant franchisees, Small Business Administration (SBA) loans, and commercial mortgages. Additionally, this segment includes mortgage banking operations where the company originates residential mortgages and sells them into the secondary market. The Specialty Finance segment contributes roughly 20-25% of revenue and focuses on niche financial services. The primary component is commercial and life insurance premium financing, where Wintrust provides loans to businesses and individuals to pay their insurance premiums upfront, allowing clients to pay back the loan over time rather than paying the full premium immediately. This segment also includes accounts receivable financing, payroll processing, and other specialized financial services primarily serving the temporary staffing industry. The Wealth Management segment generates approximately 5-10% of revenue and offers trust and investment services, asset management, tax-deferred exchanges, securities brokerage, and retirement plan administration. This segment serves both individual clients and institutional customers seeking comprehensive wealth management solutions. Wintrust operates 173 banking facilities and 228 ATMs across its geographic footprint, positioning itself as a community-focused bank that competes against both larger national banks and smaller community banks by offering personalized service with the resources of a larger institution.
Revenue model
Wintrust generates revenue through multiple income streams typical of a diversified financial services company. The primary revenue source is net interest income, which accounted for approximately $1.9 billion or 55% of total revenue in 2024. This income is generated from the spread between interest earned on loans and investments and interest paid on deposits and borrowings. The company's loan portfolio includes commercial loans, real estate loans, consumer loans, and specialty finance loans, with loan yields currently averaging around 6-7%. Fee-based income represents the second major revenue stream, contributing roughly 45% of total revenue through various sources. These include loan origination fees, deposit service charges, wealth management fees, mortgage banking revenue from loan sales, and specialty finance fees. The premium finance business is particularly profitable as it generates both interest income and fee income from loan origination and servicing. The company's profitability is influenced by several key factors. Interest rate environment significantly impacts net interest margins - rising rates generally benefit Wintrust as loan yields reprice faster than deposit costs, while falling rates can compress margins. Credit quality affects profitability through provision expenses, with economic downturns potentially requiring higher loan loss reserves. Deposit competition influences funding costs, particularly for non-interest bearing deposits which comprised 21% of total deposits as of Q1 2025. Loan demand from commercial and consumer borrowers drives growth, while regulatory changes can impact operating costs and capital requirements. The company's diverse business model provides some protection against economic cycles, as different segments may perform differently during various market conditions.
Competitive moat
Wintrust's competitive moat is moderate and primarily built on local market relationships and specialized expertise rather than structural advantages. The company has established strong positions in its core Chicago metropolitan market, where it holds approximately 7.7% deposit market share, and has built deep relationships with local businesses, municipalities, and affluent individuals over three decades. The company's specialty finance capabilities, particularly in premium finance for commercial and life insurance, provide a meaningful competitive advantage. This niche requires specialized underwriting expertise and industry relationships that create barriers to entry for competitors. The premium finance business generates attractive returns and has limited direct competition from larger banks who typically avoid this specialized market. Wintrust's community banking model offers some defensive characteristics against larger competitors by providing personalized service and local decision-making that appeals to small and medium-sized businesses. The company has benefited from market disruption in the banking industry, gaining customers from competitors facing regulatory issues or strategic changes. However, the moat faces several challenges. Geographic concentration in the Midwest creates vulnerability to regional economic downturns. Interest rate sensitivity exposes the company to margin compression during rate cycles. Scale disadvantages relative to national banks limit efficiency in technology investments and regulatory compliance costs. The banking industry faces ongoing pressure from fintech competitors and digital-first banks that can offer competitive rates and convenient services. Additionally, regulatory capital requirements constrain growth and returns compared to non-bank competitors in some business lines.
Risks & safety
Wintrust demonstrates a solid but not exceptional margin of safety profile typical of a well-managed regional bank. • Solvency and Capital: CET1 ratio of approximately 10% provides adequate regulatory buffer above minimum requirements. Total assets of $65.9 billion versus total liabilities of $59.3 billion indicates reasonable leverage. • Credit Quality: Non-performing loans at 35 basis points of total loans remains manageable. Charge-offs of 11 basis points in Q1 2025 (down from 13 basis points in Q4 2024) suggest stable credit performance. • Liquidity: Cash and short-term investments of $4.9 billion provide reasonable liquidity cushion. Deposit growth of 8% annualized in Q1 2025 indicates stable funding base. • Valuation Metrics: P/E ratio of 9.9x and P/B ratio of 1.14x suggest reasonable valuation relative to book value and earnings. ROE of 11.0% for full year 2024 indicates solid profitability. • Debt Considerations: Debt-to-equity ratio of 0.64 is manageable for a financial institution, though interest rate sensitivity creates some refinancing risk. • Operational Cash Flow: Positive operating cash flow of $722 million for 2024 and free cash flow of $636 million demonstrate strong cash generation capability.
Recent development
Over the past few years, Wintrust has pursued several strategic initiatives focused on geographic expansion and operational efficiency. The most significant development was the acquisition of Macatawa Bank in 2024, adding approximately $2.7-2.8 billion in assets and expanding Wintrust's presence into the West Michigan market. This acquisition provided access to a new geographic market with attractive demographics and low loan-to-deposit ratios that allow for profitable deployment of excess deposits. The company has made substantial technology investments to enhance digital banking capabilities and improve operational efficiency. Management has emphasized building scalable technology infrastructure to support future growth while maintaining competitive service levels. These investments include upgrades to online and mobile banking platforms, as well as backend systems for loan origination and customer relationship management. Balance sheet optimization has been another key focus area. Wintrust has actively managed its asset mix, including selling approximately $500 million of premium finance loans in 2023 to optimize capital allocation and reduce concentration risk. The company has also implemented interest rate hedging strategies to manage margin volatility in changing rate environments. Market expansion efforts include opening new loan production offices, such as the Indiana office opened in 2022, and organic growth initiatives in existing markets. The company has capitalized on market disruption in the banking industry, gaining customers from competitors facing regulatory or strategic challenges. Wintrust has also focused on growing its specialty finance businesses, particularly premium finance, which offers attractive risk-adjusted returns and diversifies the revenue stream beyond traditional banking.
WTFC company profile · for informational purposes only — not investment advice.
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