Wintrust Q2 net interest income rises on growth in average earning assets

Wintrust Financial Corporation

Wintrust Financial Corporation

WTFC

0.00


Overview

  • U.S. regional bank's Q2 revenue slightly beat analyst expectations on strong loan and deposit growth

  • Net interest margin declined to 3.50% due to lower loan yields


Outlook

  • Wintrust expects consistent balance sheet growth in coming quarters

  • Company anticipates net interest income expansion supported by stable net interest margin

  • Wintrust aims for positive operating leverage for 2026 through expense management


Result Drivers

  • LOAN AND DEPOSIT GROWTH - Q2 results driven by strong, diversified loan growth and robust organic deposit growth, per CEO Timothy Crane

  • NET INTEREST INCOME - Record net interest income attributed to growth in average earning assets, despite a slight decline in net interest margin

  • NON-INTEREST INCOME - Higher mortgage banking revenue and net gains on investment securities offset a decline in wealth management revenue


Company press release: ID:nGNX5s4xBD


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Revenue

Slight Beat*

$738.64 mln

$735.49 mln (11 Analysts)

Q2 EPS

$3.30

Q2 Net Income

$233.69 mln

Q2 Net Interest Income

$597.37 mln

*Applies to a deviation of less than 1%; not applicable for per-share numbers.


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the banks peer group is "buy"

  • Wall Street's median 12-month price target for Wintrust Financial Corp is $183.00, about 11.4% above its July 17 closing price of $164.30

  • The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 11 three months ago


Reuters Recommended Reads

  • July 20 - ServisFirst Bancshares Q2 EPS rises 40% on loan growth, higher net interest margin

  • July 20 - Peoples Bancorp of North Carolina Q2 net interest income rises

  • July 20 - MainStreet Bancshares Q2 profit rises on higher interest margin


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


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