Last $43.78 USD
Change Today -0.51 / -1.15%
Volume 149.6K
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As of 8:10 PM 10/22/14 All times are local (Market data is delayed by at least 15 minutes).

wintrust financial corp (WTFC) Key Developments

Wintrust Seeks Acquisitions

Wintrust Financial Corporation (NasdaqGS:WTFC) is seeking acquisitions. Edward Wehmer, Chief Executive Officer and President of Wintrust said, “However, there is the opportunity if we continue to acquire other institutions you get the same accounting. Although they might not be covered losses, you still get the same accounting on any troubled assets you pick up. So hopefully we will be able to continue on that road and get good yields out of other people's bad assets that we pick up.”

Wintrust Financial Corporation Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Reports Net Charge Offs for the Third Quarter of 2014

Wintrust Financial Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net interest income was $151,670,000 against $141,782,000 a year ago. Income before taxes was $65,258,000 against $58,082,000 a year ago. Net income applicable to common shares was $38,643,000 or $0.79 per diluted share against $33,982,000 or $0.71 per diluted share a year ago. Return on average assets was 0.83% against 0.81% a year ago. Return on average common equity was 8.09% against 7.85% a year ago. Return on average tangible common equity was 10.59% against 10.27% a year ago. Book value per common share was $40.74 against $38.09 a year ago. Tangible common book value per share was $31.60 against $29.89 a year ago. Net interest income increased $9.9 million in the third quarter of 2014 compared to the third quarter of 2013, due to: Average loans, excluding covered loans, for the third quarter of 2014 increased by $1.2 billion compared to the third quarter of 2013. For the nine months, the company reported net interest income was $444,856,000 against $408,319,000 a year ago. Income before taxes was $184,629,000 against $166,618,000 a year ago. Net income applicable to common shares was $108,522,000 or $2.23 per diluted share against $95,108,000 or $2.05 per diluted share a year ago. Return on average assets was 0.82% against 0.79% a year ago. Return on average common equity was 7.86% against 7.57% a year ago. Return on average tangible common equity was 10.25% against 9.93% a year ago. Net interest income increased $36.5 million in the first nine months of 2014 compared to the first nine months of 2013, due to: Average earning assets for the first nine months of 2014 increased by $1.1 billion compared to the first nine months of 2013. Net charge-offs totaled $7.0 million in the third quarter of 2014, a slight increase compared to $6.6 million in the second quarter of 2014. Compared to the third quarter of 2013, net charge-offs decreased $4.3 million from $11.3 million primarily as a result of a $2.5 million and $2.0 million decrease in net charge-offs within the commercial real-estate and commercial loan portfolios, respectively.

Wintrust Financial Corporation to Report Q3, 2014 Results on Oct 16, 2014

Wintrust Financial Corporation announced that they will report Q3, 2014 results at 11:00 AM, US Eastern Standard Time on Oct 16, 2014

Wintrust Financial Corporation, Q3 2014 Earnings Call, Oct 17, 2014

Wintrust Financial Corporation, Q3 2014 Earnings Call, Oct 17, 2014

Wintrust Financial Corporation Presents at Raymond James 2014 U.S. Bank Conference, Sep-03-2014 02:55 PM

Wintrust Financial Corporation Presents at Raymond James 2014 U.S. Bank Conference, Sep-03-2014 02:55 PM. Venue: JW Marriott Chicago, Chicago, Illinois, United States.

 

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WTFC

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Valuation WTFC Industry Range
Price/Earnings 15.8x
Price/Sales 2.7x
Price/Book 1.1x
Price/Cash Flow 13.9x
TEV/Sales 0.3x
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