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Wintrust Financial reports 11% loan growth YOY

Wintrust Financial Corp. on Oct. 17 reported third-quarter net income applicable to common shares of $89.9 million, or $1.57 per share, up from net income of $63.6 million, or $1.12 per share, in the third quarter of 2017. The S&P Global Market Intelligence consensus mean estimate for third-quarter GAAP EPS was $1.54.

Total loans excluding mortgage loans held-for-sale grew 11% compared to the third quarter of 2017 and ticked up 2% from the second quarter to $23.12 billion. Total deposits increased 9% from the year-ago period and rose 2% quarter over quarter to $24.92 billion.