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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

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