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Stock impact report

Wintrust Financial Corporation Reports First Quarter 2020 Net Income of $62.8 million

Wintrust Financial Corporation (WTFC) 
Last wintrust financial corporation earnings: 4/21 06:15 pm Check Earnings Report
US:NASDAQ Investor Relations: wintrust.com/investor-relations.html
Company Research Source: GlobeNewswire
ROSEMONT, Ill., April 21, 2020 (GLOBE NEWSWIRE) -- Wintrust Financial Corporation (“Wintrust” or “the Company”) (Nasdaq: WTFC) announced net income of $62.8 million or $1.04 per diluted common share for the first quarter of 2020, a decrease in diluted earnings per common share of 27.8% compared to the prior quarter and a decrease of 31.6% compared to the first quarter of 2019. Highlights of the First Quarter of 2020:Comparative information to the fourth quarter of 2019 Total assets increased by $2.2 billion.Total loans increased by $1.0 billion.Total deposits increased by $1.4 billion.Net interest income decreased by $436,000 as the impact of a five basis point decline in net interest margin and one less day was partially offset by a $925 million increase in average earning assets.The allowance for credit losses increased by $95.0 million to $253.5 million as of March 31, 2020 as compared to $158.5 million as of December 31, 2019.  The change in allowance for credit losses was due Show less Read more
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