Last $46.73 USD
Change Today +0.59 / 1.28%
Volume 201.2K
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As of 4:00 PM 07/30/14 All times are local (Market data is delayed by at least 15 minutes).

wintrust financial corp (WTFC) Key Developments

Wintrust Financial Corporation Announces Quarterly Cash Dividend, Payable on August 21, 2014

Wintrust Financial Corporation announced that the Company's Board of Directors approved a quarterly cash dividend of $0.10 per share of outstanding common stock. The dividend is payable on August 21, 2014 to shareholders of record as of August 7, 2014.

Wintrust Financial Corporation Reports Un-Audited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Reports Net Charge-Offs for the Quarter Ended June 30, 2014

Wintrust Financial Corporation reported un-audited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net income applicable to common shares of $37.0 million or $0.76 per diluted common share compared to $32.95 million or $0.68 per diluted common share for the first quarter of 2014 and $31.7 million or $0.69 per diluted common share for the second quarter of 2013. For the second quarter of 2014, net interest income totaled $149.2 million, an increase of $5.2 million as compared to the first quarter of 2014 and an increase of $13.4 million as compared to $135.8 million in the second quarter of 2013. Net interest income increased $13.4 million in the second quarter of 2014 compared to the second quarter of 2013, due to: Average loans, excluding covered loans, for the second quarter of 2014 increased by $1.2 billion compared to the second quarter of 2013. Funding mix improved as average demand deposits increased $501.2 million, average interest bearing deposits increased $518.0 million and average wholesale borrowings decreased by $98.4 million in the second quarter of 2014 compared to the second quarter of 2013. The company reported total interest income of $166.6 million compared to $156.6 million, income before taxes of $63.0 million compared to $56.3 million, return on average common equity and annualized of 8.03% compared to 7.55% and return on average assets of 0.84% compared to 0.80% for the last year. For the six months, net interest income totaled $293.2 million, an increase of $26.6 million as compared to $266.5 million in the first six months of 2013. Net interest income increased compared to the first six months of 2013, due to: Average earning assets for the first six months of 2014 increased by $842.8 million compared to the first six months of 2013. The average earning asset growth of $842.8 million in the first six months of 2014 and a three basis point improvement in yield on earning assets, resulted in an increase in total interest income of $18.9 million in the first six months of 2014 compared to the first six months of 2013. The company reported net income applicable to common shares of $69.9 million or $1.44 per diluted common share compared to $61.1 million or $1.34 per diluted common share, total interest income of $327.9 million compared to $308.96 million, income before taxes of $119.4 million compared to $108.5 million, return on average common equity and annualized of 7.74% compared to 7.42% and return on average assets of 0.81% compared to 0.77% for the last year. Book value per common share as on June 30, 2014 was $40.21 compared to $37.84 as on June 30, 2013. For the quarter ended June 30, 2014, net charge-offs, excluding covered loans, totaled $6.6 million compared to $7.8 million in the first quarter of 2014 and $18.4 million recorded in the second quarter of 2013.

Wintrust Financial Corporation to Report Q2, 2014 Results on Jul 15, 2014

Wintrust Financial Corporation announced that they will report Q2, 2014 results at 11:00 AM, US Eastern Standard Time on Jul 15, 2014

Wintrust Financial Corporation, Q2 2014 Earnings Call, Jul 15, 2014

Wintrust Financial Corporation, Q2 2014 Earnings Call, Jul 15, 2014

Wintrust Financial Plans Offering; Mulls Acquisitions

Wintrust Financial Corporation (NasdaqGS:WTFC) has commenced an underwritten public offering of subordinated notes under its effective shelf registration statement. Wintrust intends to use the net proceeds for general corporate purposes, which may include, without limitation, investments at the holding company level, providing capital to support our growth, acquisitions or other business combinations, including FDIC-assisted acquisitions, and reducing or refinancing existing debt.

 

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WTFC

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Valuation WTFC Industry Range
Price/Earnings 17.0x
Price/Sales 2.8x
Price/Book 1.1x
Price/Cash Flow 14.9x
TEV/Sales 0.2x
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