logo
Share SHARE
FONT-SIZE Plus   Neg

Wintrust Financial Q1 Profit Rises; Beats Estimates - Quick Facts

Wintrust Financial Corp. (WTFC) reported a net income applicable to common shares of $21.96 million or $0.50 per share for the first quarter, compared to $15.37 million or $0.36 per share last year.

On average, fourteen analysts polled by Thomson Reuters expected the company to report earnings of $0.41 per share for the quarter. Analysts' estimates typically exclude special items.

Net revenue for the quarter were $172.92 million, up from $150.50 million a year ago. Market expectation was for revenues of $165.54 million.

Net interest income was $125.9 million, compared to $109.6 million a year ago, while total non-interest income rose to $47.0 million from $40.9 million last year.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
President Donald Trump intends to nominate antitrust attorney Joseph Simons as chairman of the Federal Trade Commission, the White House announced on Thursday. Simons, who served as an FTC official under President George W. Bush, is currently a partner and co-chair of the antitrust group at law firm Paul Weiss. Less than four months after its debut on the New York Stock Exchange, Blue Apron Holdings Inc. said it is laying off 6 percent of its workforce. In a regulatory filing on Wednesday, the embattled meal-kit delivery company said it has implemented a company-wide realignment of personnel to support its strategic priorities. Italian casual dining restaurant chain Romano's Macaroni Grill filed for Chapter 11 bankruptcy protection. In a statement posted on its website, Macaroni said it has no plans to go out business, but wants to shed legacy liabilities and obligations caused by decisions by the past ownership.
comments powered by Disqus
RELATED NEWS
Trade WTFC now with 
Follow RTT