Wintrust Financial (WTFC)
NASDAQ:WTFC
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Wintrust Financial
(NASDAQ:WTFC)
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Rating:74Outperform
Price Target:
$170.00
â–²(21.04% Upside)
Action:ReiteratedDate:02/27/26
The score is driven primarily by solid financial performance (strong multi-year growth, healthy margins, steady ROE) and a constructive earnings outlook (stable NIM and positive operating leverage). Valuation is reasonable, while the main offsets are uneven cash-flow history and mixed near-term technical momentum.
Positive Factors
Robust loan and deposit growth
Sustained double-digit loan and deposit growth reflects durable relationship-driven expansion in core Midwestern markets. Deposit-funded loan growth strengthens net interest income capacity, supports scalable revenue, and indicates competitive deposit gathering and commercial lending momentum over the next several quarters.
Negative Factors
Mortgage revenue weakness
Weak mortgage activity is a structural headwind for noninterest income diversification; prolonged low volumes compress fee revenue and servicing economics. Unless market rates decline meaningfully, mortgage weakness can persist for several quarters and limit upside to fee-based earnings and ROE.
Read all positive and negative factors
Positive Factors
Negative Factors
Robust loan and deposit growth
Sustained double-digit loan and deposit growth reflects durable relationship-driven expansion in core Midwestern markets. Deposit-funded loan growth strengthens net interest income capacity, supports scalable revenue, and indicates competitive deposit gathering and commercial lending momentum over the next several quarters.
Read all positive factors
Wintrust Financial (WTFC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$9.45B
Dividend Yield1.4%
Average Volume (3M)473.50K
Price to Earnings (P/E)11.4
Beta (1Y)1.15
Revenue Growth3.58%
EPS Growth13.93%
CountryUS
Employees5,903
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)3.15
Shares Outstanding67,270,485
10 Day Avg. Volume387,912
30 Day Avg. Volume473,503
Financial Highlights & Ratios
PEG Ratio1.07
Price to Book (P/B)1.29
Price to Sales (P/S)2.21
P/FCF Ratio10.88
Enterprise Value/Market Cap1.46
Enterprise Value/Revenue3.26
Enterprise Value/Gross Profit5.25
Enterprise Value/Ebitda11.43
Forecast
1Y Price Target
$171.30Price Target Upside21.97% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering10
EPS Forecast (FY)12.44
Revenue Forecast (FY)$2.94B
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 in...
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 portf...
Wintrust Financial Earnings Call Summary
Earnings Call Date:Jan 20, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Apr 20, 2026
Earnings Call Sentiment Positive
The call conveyed strong, broad-based operating momentum: record full-year and quarterly earnings, double-digit loan and deposit growth, stable margin and positive operating leverage, plus market share gains and solid credit metrics. The primary negatives were mortgage revenue weakness, a slight uptick in nonperforming loans, modestly higher noninterest expense items (notably health insurance), and some concentrated CRE office exposure — risks management is monitoring. Overall the positives materially outweigh the challenges.Positive Updates
Record Full-Year Net Income
Net income for full year 2025 was $824 million, up 19% from $695 million in 2024; diluted EPS was $11.40 versus $10.31 in 2024 (approximately +10.6%).
Negative Updates
Mortgage Revenue Softness and Uncertain Mortgage Outlook
Mortgage revenue remains soft and mortgage banking volumes/applications are low; management views mortgage performance as a potential swing factor for 2026 and is hopeful but not relying on a substantial pickup absent rate declines below ~6%.
Read all updates
Q4-2025 Updates
Positive
Negative
Record Full-Year Net Income
Net income for full year 2025 was $824 million, up 19% from $695 million in 2024; diluted EPS was $11.40 versus $10.31 in 2024 (approximately +10.6%).
Read all positive updates
Company Guidance
Wintrust’s 2026 guidance calls for mid‑ to high‑single‑digit loan growth funded by similar mid‑ to high‑single‑digit deposit growth, a relatively stable net interest margin around 3.5% (2025 range 3.50%–3.56%, Q4 3.54%), and continued positive operating leverage (management modeled mid‑ to high‑single‑digit revenue growth with noninterest expense growth roughly 4%–5% off the Q4 run‑rate). Management expects to manage deposit beta in the low‑60s on a full cycle, to backfill maturing hedges as needed, and to see improved noninterest income (wealth and service fees) with mortgage serving as upside if rates fall (a 25–50 bps decline would meaningfully increase refiable balances). Credit is expected to remain stable (Q4 nonperforming loans ~35 bps, charge‑offs 17 bps, quarterly provision in 2025 ~$20–30M), while CRE is being closely monitored (office exposure $1.7B, 12.1% of CRE / 3.2% of total loans); this guidance is anchored to a $71B+ balance sheet and strong 2025 results (net income $824M, EPS $11.40, tangible book value ≈ $89; loans/deposits +11%/+10% in 2025).Wintrust Financial Financial Statement Overview
Summary
Income Statement
83
Very Positive
Balance Sheet
74
Positive
Cash Flow
67
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 4.23B | 3.97B | 3.33B | 2.21B | 1.86B |
| Gross Profit | 2.63B | 2.35B | 2.16B | 1.88B | 1.77B |
| EBITDA | 1.21B | 1.05B | 929.85M | 782.63M | 739.59M |
| Net Income | 823.84M | 695.04M | 622.63M | 509.68M | 466.15M |
Balance Sheet | |||||
| Total Assets | 71.14B | 64.88B | 56.26B | 52.95B | 50.14B |
| Cash, Cash Equivalents and Short-Term Investments | 6.70B | 8.76B | 5.80B | 5.50B | 7.85B |
| Total Debt | 4.48B | 4.24B | 3.66B | 3.60B | 2.43B |
| Total Liabilities | 63.88B | 58.54B | 50.86B | 48.15B | 45.64B |
| Stockholders Equity | 7.26B | 6.34B | 5.40B | 4.80B | 4.50B |
Cash Flow | |||||
| Free Cash Flow | 860.40M | 635.52M | 697.97M | 1.32B | 1.07B |
| Operating Cash Flow | 910.35M | 721.56M | 744.38M | 1.38B | 1.13B |
| Investing Cash Flow | -6.17B | -5.95B | -3.24B | -3.49B | -5.93B |
| Financing Cash Flow | 5.27B | 5.26B | 2.43B | 2.20B | 4.89B |
Wintrust Financial Technical Analysis
Positive
140.45
Price Trends
144.08
Negative
141.48
Negative
135.42
Positive
Market Momentum
-0.90
Negative
53.82
Neutral
84.18
Negative
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 140.45 is above the 20-day moving average (MA) of 135.05, below the 50-day MA of 144.08, and above the 200-day MA of 135.42, indicating a neutral trend. The MACD of -0.90 indicates Negative momentum. The RSI at 53.82 is Neutral, neither overbought nor oversold. The STOCH value of 84.18 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for WTFC.
Wintrust Financial Risk Analysis
Wintrust Financial disclosed 53 risk factors in its most recent earnings report. Wintrust Financial reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Wintrust Financial Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $9.45B | 11.37 | 11.71% | 1.40% | 3.58% | 13.93% | |
73 Outperform | $8.77B | 12.93 | 8.51% | 2.43% | 20.72% | 3.63% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | $8.74B | 9.58 | 13.33% | 2.97% | 0.12% | 27.30% | |
65 Neutral | $8.85B | 12.43 | 9.63% | 1.37% | 38.81% | 10.38% | |
62 Neutral | $7.91B | 7.96 | 13.33% | 1.80% | 6.30% | 25.28% |
* Financial Sector Average
WTFC
Wintrust Financial
140.45
37.95
37.02%
ONB
Old National Bancorp Capital
22.51
3.30
17.19%
UMBF
UMB Financial
116.26
23.29
25.05%
ZION
Zions Bancorporation National Association
59.09
14.84
33.54%
WAL
Western Alliance
71.96
4.72
7.02%
Wintrust Financial Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Wintrust Financial Amends Receivables Purchase Agreement
Neutral
Dec 16, 2025
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 r...
Business Operations and StrategyPrivate Placements and Financing
Wintrust Financial Amends Credit Agreement with Lenders
Neutral
Dec 8, 2025
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 ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.