Wintrust Financial (WTFC) AI Stock Analysis

• Market Cap: $9.73B
• Dividend Yield: 1.4%
• Average Volume (3M): 464.54K
• Price to Earnings (P/E): 12.7
• Beta (1Y): 1.10
• Revenue Growth: 3.58%
• EPS Growth: 13.93%
• Country: US
• Employees: 5,903
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 3.15
• Shares Outstanding: 66,971,160
• 10 Day Avg. Volume: 583,021
• 30 Day Avg. Volume: 464,536
• PEG Ratio: 1.48
• Price to Book (P/B): 1.25
• Price to Sales (P/S): 2.00
• P/FCF Ratio: 12.50
• Enterprise Value/Market Cap: 1.43
• Enterprise Value/Revenue: 3.34
• Enterprise Value/Gross Profit: 5.43
• Enterprise Value/Ebitda: 11.72
• 1Y Price Target: $172.40
• Price Target Upside: 16.57% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 10
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 79 Outperform
• Price Target: $167.00 ▲(12.91% Upside)

WTFC scores well primarily on strong financial fundamentals (healthy profitability, strong cash generation, and solid ROE) and a supportive earnings outlook (stable NIM and positive operating leverage). Technicals are constructive but not especially strong, and valuation is reasonable with a modest dividend. Main risks highlighted are mortgage softness, modest credit/NPL uptick, and monitored CRE office concentration.

Positive Factors

Profitability & Margins

Durable high margins reflect efficient core banking and fee businesses, enabling strong internal capital generation. Sustained profitability supports reinvestment, cushioning against cyclical NIM pressure and providing capacity for buybacks, dividends, and strategic initiatives over months.

Free Cash Flow Conversion

Very strong cash conversion indicates the franchise converts earnings into liquidity reliably, underpinning lending capacity, capital build, and discretionary uses. High FCF relative to net income reduces refinancing reliance and improves resilience through economic cycles.

Loan & Deposit Franchise Momentum

Consistent double-digit loan and deposit growth demonstrates durable commercial and retail traction and supports NII expansion. Market share gains in key Midwest markets signal scalable, relationship-driven growth that can sustain funding advantages and franchise value over several quarters.

Negative Factors

Mortgage Revenue Weakness

Mortgage sales and servicing revenues can swing materially with rates; prolonged high rates constrain origination and fee income. For a bank with meaningful mortgage activity, sustained weakness would reduce noninterest income and pressure growth and ROE over the medium term.

Concentrated CRE Office Exposure

A concentrated office CRE book creates idiosyncratic downside if office fundamentals weaken further. Even with current low NPLs, this sub-portfolio could lead to elevated provisions or losses, pressuring capital and earnings resilience if tenant demand or valuations deteriorate.

Reserve Sensitivity to Macroeconomic Assumptions

Reliance on forward-looking CECL reductions tightens current reserves; a deteriorating macro could require swift lift in provisioning. This sensitivity risks earnings volatility and capital strain if downside economic scenarios materialize, making credit shock absorption more uncertain.

Wintrust Financial Business Overview & Revenue Model

Company Description

Wintrust Financial Corporation operates as a financial holding company. It operates in three segments: Community Banking, Specialty Finance, and Wealth Management. The Community Banking segment offers non-interest bearing deposits, non-brokered interest-bearing transaction accounts, and savings and domestic time deposits; home equity, consumer, and real estate loans; safe deposit facilities; and automatic teller machine (ATM), online and mobile banking, and other services. It also engages in the retail origination and purchase of residential mortgages for sale into the secondary market; and provision of lending, deposits, and treasury management services to condominium, homeowner, and community associations, as well as asset-based lending for middle-market companies. In addition, this segment offers loan and deposit services to mortgage brokerage companies; lending to restaurant franchisees; direct leasing; small business administration loans; commercial mortgages and construction loans; and financial solutions. It provides personal and commercial banking services primarily to individuals, small to mid-sized businesses, local governmental units, and institutional clients. The Specialty Finance segment offers commercial and life insurance premiums financing for businesses and individuals; accounts receivable financing, value-added, and out-sourced administrative services; and other specialty finance services, as well as data processing of payrolls, billing, and cash management services to temporary staffing industry. The Wealth Management segment provides trust and investment, asset management, tax-deferred exchange, securities brokerage, and retirement plan services. The company operates 173 banking facilities and 228 ATMs in the Chicago metropolitan area, southern Wisconsin, northwest Indiana, and Florida. Wintrust Financial Corporation was founded in 1991 and is headquartered in Rosemont, Illinois.

How the Company Makes Money

Wintrust Financial generates revenue through several key streams. The primary source of income comes from net interest income, which is the difference between the interest earned on loans and the interest paid on deposits. The company's loan portfolio includes commercial loans, residential mortgages, and consumer loans, which contribute significantly to interest income. Additionally, Wintrust earns non-interest income from various fees associated with banking services, wealth management, and investment services. This includes service charges on deposit accounts, mortgage origination fees, and asset management fees. The company also benefits from strategic partnerships and acquisitions, which enhance its product offerings and expand its customer base, further contributing to its overall earnings.

Wintrust Financial Financial Statement Overview

Summary

Strong profitability (TTM net margin 18.85%; EBIT/EBITDA margins 25.63%/27.79%) and improving free cash flow (35.09% growth; FCF nearly matching net income at 95.87%). Balance sheet leverage is moderate (debt-to-equity 0.61) with solid ROE (11.55%), though rising debt and some margin pressure are noted risks.

Income Statement

Wintrust Financial has demonstrated strong revenue growth over the years, with a TTM revenue growth rate of 1.78%. The company maintains healthy profitability margins, with a gross profit margin of 61.52% and a net profit margin of 18.85% in the TTM period. The EBIT and EBITDA margins are also robust at 25.63% and 27.79%, respectively, indicating efficient operational management. However, the slight decline in gross profit margin over the years suggests potential cost pressures.

Balance Sheet

The balance sheet reflects a stable financial position with a debt-to-equity ratio of 0.61, indicating moderate leverage. The return on equity (ROE) is strong at 11.55%, showcasing effective utilization of equity to generate profits. The equity ratio stands at 10.12%, suggesting a solid equity base relative to total assets. However, the increase in total debt over the years could pose a risk if not managed carefully.

Cash Flow

Wintrust Financial has shown significant improvement in free cash flow, with a growth rate of 35.09% in the TTM period. The free cash flow to net income ratio is high at 95.87%, indicating strong cash generation relative to net income. The operating cash flow to net income ratio is not available, but the overall cash flow position appears strong, supporting the company's liquidity and investment capabilities.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	4.17B	3.97B	3.33B	2.21B	1.86B	1.90B
Gross Profit	2.57B	2.35B	2.16B	1.88B	1.77B	1.43B
EBITDA	1.19B	1.05B	929.85M	782.63M	739.59M	486.15M
Net Income	786.18M	695.04M	622.63M	509.68M	466.15M	292.99M
Balance Sheet
Total Assets	69.63B	64.88B	56.26B	52.95B	50.14B	45.08B
Cash, Cash Equivalents and Short-Term Investments	9.04B	8.76B	5.80B	5.50B	7.85B	7.90B
Total Debt	4.28B	4.24B	3.66B	3.60B	2.43B	2.44B
Total Liabilities	62.58B	58.54B	50.86B	48.15B	45.64B	40.96B
Stockholders Equity	7.05B	6.34B	5.40B	4.80B	4.50B	4.12B
Cash Flow
Free Cash Flow	1.14B	635.52M	697.97M	1.32B	1.07B	-582.11M
Operating Cash Flow	1.15B	721.56M	744.38M	1.38B	1.13B	-518.47M
Investing Cash Flow	-6.38B	-5.95B	-3.24B	-3.49B	-5.93B	-7.18B
Financing Cash Flow	5.06B	5.26B	2.43B	2.20B	4.89B	7.74B

Wintrust Financial Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 147.90
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For WTFC, the sentiment is Positive. The current price of 147.9 is above the 20-day moving average (MA) of 145.92, above the 50-day MA of 140.70, and above the 200-day MA of 129.11, indicating a bullish trend. The MACD of 1.72 indicates Positive momentum. The RSI at 56.84 is Neutral, neither overbought nor oversold. The STOCH value of 21.32 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for WTFC.

Wintrust Financial Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
WTFC	79 Outperform	$9.73B	12.74	12.11%	1.40%	3.58%	13.93%
ONB	77 Outperform	$9.29B	13.28	22.83%	2.43%	20.72%	3.63%
UMBF	76 Outperform	$9.47B	13.42	12.59%	1.37%	38.81%	10.38%
ZION	72 Outperform	$8.61B	9.71	13.39%	2.97%	0.12%	27.30%
CMA	70 Outperform	$11.85B	17.55	10.09%	3.21%	-7.07%	31.09%
WAL	69 Neutral	$9.76B	10.16	13.50%	1.80%	6.30%	25.28%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%

Wintrust Financial Corporate Events

Wintrust Financial Amends Receivables Purchase Agreement

On December 15, 2025, First Insurance Funding of Canada Inc., a subsidiary of Wintrust Financial Corporation, entered into an amendment to its Receivables Purchase Agreement with Plaza Trust, extending the maturity date to December 15, 2026, and reducing the facility limit from $650 million to $580 million. The amendment also includes technical changes, and Wintrust confirmed its performance guarantee, while a new fee letter modifies fund costs and rates.

The most recent analyst rating on (WTFC) stock is a Buy with a $158.00 price target. To see the full list of analyst forecasts on Wintrust Financial stock, see the WTFC Stock Forecast page.

Wintrust Financial Amends Credit Agreement with Lenders

On December 4, 2025, Wintrust Financial Corporation, a company involved in financial services, executed amendments to its Amended and Restated Credit Agreement with U.S. Bank National Association and other lenders. The Fourth Amendment introduces outbound investment rule provisions, protective language in confidentiality clauses, and extends the Revolving Credit Maturity Date to December 3, 2026. The Fifth Amendment reduces the Commitment Fee on the unused portion of the Revolving Credit Commitment from 0.30% to 0.25% per annum.

The most recent analyst rating on (WTFC) stock is a Buy with a $157.00 price target. To see the full list of analyst forecasts on Wintrust Financial stock, see the WTFC Stock Forecast page.