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Stock impact report

Wintrust (WTFC) Q3 2024 Earnings Call Transcript [Globe and Mail, The (Toronto, Canada)]

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
Chief Financial Officer — David Stoehr General Counsel — Kate Boege Chief Operating Officer — David Dykstra Vice Chairman, Chief Credit Officer — Richard Murphy TAKEAWAYS Net income -- $170 million for the quarter and $510 million year-to-date, with both figures explicitly stated as record levels. Loan growth -- $2.4 billion increase, composed of $1.3 billion from the Macatawa Bank acquisition and $1.1 billion in organic growth, representing nearly 10% annualized organic growth per management's forecasted range. Deposit growth -- $3.4 billion total increase, with $2.3 billion attributed to Macatawa and $1.1 billion organically, and noninterest-bearing deposit balances stable at 21% of total deposits. Reduction in brokered deposits -- Over $800 million reduction in higher-rate brokered deposits at period end due to excess deposits from Macatawa acquisition. Net interest income -- $503 million, a record, up approximately $32 million from the prior quarter, driven by b Show less Read more
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