Wintrust Financial Corp. Reports Q4 Earnings of $223 Million, Beating Estimates
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 13h ago
0mins
Source: NASDAQ.COM
- Significant Earnings Growth: Wintrust Financial Corp. reported Q4 earnings of $223 million, or $3.15 per share, marking a substantial increase from last year's $185 million and $2.63 per share, exceeding analysts' expectations of $2.95, showcasing the company's robust profitability.
- Revenue Increase: The company's revenue rose 11.8% year-over-year to $714.26 million from $638.60 million last year, reflecting enhanced business expansion and market demand, further solidifying its market position.
- Exceeding Market Expectations: This earnings report not only highlights the dual growth in profits and revenue but also demonstrates the company's resilience in facing economic challenges, boosting investor confidence in its future performance.
- Strategic Development Potential: With the increase in earnings and revenue, Wintrust Financial Corp. may intensify investments in new business and market expansion, thereby laying a foundation for future growth and enhancing its competitiveness in the financial services industry.
Analyst Views on WTFC
Wall Street analysts forecast WTFC stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for WTFC is 139.33 USD with a low forecast of 130.00 USD and a high forecast of 145.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Analyst Rating
10 Buy
1 Hold
0 Sell
Strong Buy
Current: 144.720
Low
130.00
Averages
139.33
High
145.00
Current: 144.720
Low
130.00
Averages
139.33
High
145.00
About WTFC
Wintrust Financial Corporation is a financial holding company. It provides community-oriented, personal and commercial banking services to customers generally located in the Chicago metropolitan area, southern Wisconsin, northwest Indiana and west Michigan. Its segments include community banking, specialty finance and wealth management. Through its community banking segment, its banks provide community-oriented, personal and commercial banking services to customers located in its market area. Its customers include individuals, small to mid-sized businesses, local governmental units and institutional clients residing primarily in the banks' local service areas. Through its specialty finance segment, it offers financing of insurance premiums for businesses and individuals; accounts receivable financing, value-added, out-sourced administrative services; and other specialty finance businesses. Through its wealth management segment, it offers a full range of wealth management services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
