trending Market Intelligence /marketintelligence/en/news-insights/trending/qAeGgk1Dm0y1cvBa3f66nw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Wintrust sees YOY net income growth in Q4'19; NIM declines 44 basis points

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity

Street Talk Episode 70 - Banks' Liquidity Conundrum Could Fuel M&A Activity

StreetTalk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk – Episode 69: Banks left with pockets full of cash and few places to go


Wintrust sees YOY net income growth in Q4'19; NIM declines 44 basis points

Wintrust Financial Corp. reported fourth-quarter 2019 net income of nearly $86 million, or $1.44 per share, up from about $79.7 million, or $1.35 per share, in the year-ago period.

The S&P Global Market Intelligence consensus estimate for GAAP EPS for the fourth quarter of 2019 was $1.58.

The Rosemont, Ill.-based company's net interest margin dipped to 3.17% during the fourth quarter of 2019, down from 3.37% in the prior quarter and 3.61% in the fourth quarter of 2018.

Wintrust President and CEO Edward Wehmer said in a news release that the declines in NIM were largely due to its variable-rate loans repricing downward, but an improvement in deposit pricing helped offset some of the pressure.

The Federal Reserve cut short-term rates three times in 2019 but has signaled it is in no hurry to change interest rates again. The stable short-term rate outlook means Wintrust can keep loan yields steady as it continues to trim the costs of its interest-bearing deposits, Wehmer said.

Wintrust's net interest income stood at $261.9 million, falling $3 million from the prior quarter but up $7.8 million from the year-ago quarter.

The company's net charge-offs rose to about $12.7 million during the fourth quarter of 2019, including a $5.3 million commercial loan charge-off that the company said it had already fully reserved for. The net charge-off figure was up from the prior-quarter figure of about $9.4 million and the year-ago period figure of $7.2 million.

Total loans in the fourth quarter of 2019, excluding mortgage loans held for sale, stood at roughly $26.80 billion. That was up from about $25.71 billion in the third quarter of 2019 and approximately $23.82 billion in the fourth quarter of 2018.

Wintrust's deposits also ticked up during the fourth quarter of 2019 to nearly $30.11 billion, compared to $28.71 billion in the prior quarter and $26.09 billion in the year-ago period.

For the full year 2019, the company's net income was roughly $355.7 million, or $6.03 per share, up from the full-year 2018 figure of approximately $343.2 million, or $5.86 per share.

The S&P Global Market Intelligence consensus GAAP EPS estimate for the full year 2019 was $6.17.