Wintrust Financial reports Q3 EPS $2.78, consensus $2.71

Reports Q3 revenue $697.84M, consensus $689.42M. Tangible book value per common share was $85.39 at quarter end from $81.86 last quarter. CEO Timothy Crane commented, “We continued to build on the momentum established in our record first half of the year with record net income, net interest income, strong balance sheet growth and prudent management of net interest margin. Net interest margin in the third quarter remained within our expected range at 3.50% and we recognized record net interest income driven by strong average earning asset growth. We anticipate that a relatively stable net interest margin and continued balance sheet growth will contribute to net interest income expansion in Q4.”