Wintrust Financial (WTFC)
NASDAQ:WTFC
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Wintrust Financial
(NASDAQ:WTFC)
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Rating:79Outperform
Price Target:
$173.00
â–²(16.76% Upside)
Action:Reiterated
Date:05/09/26
WTFC scores well on improving financial performance (strong TTM revenue and cash-flow rebound with solid profitability) and a constructive earnings outlook (continued loan/deposit growth, stable NIM, and stable credit). Technicals also support the score with an uptrend and positive momentum. The main constraints are margin compression versus prior peaks, cash-flow variability, and near-term risks flagged on the call (special mention loan uptick, seasonal expense pressure, and rate/macro sensitivity).
Positive Factors
Cash generation strength
TTM free cash flow nearly equals net income, signaling durable cash conversion that supports organic loan growth, dividends, buybacks or capital buffers. Strong cash generation increases financial flexibility and funds balance-sheet expansion without relying on volatile wholesale funding over the next several quarters.
Negative Factors
Mortgage banking sensitivity
Mortgage banking is structurally rate‑sensitive and remains subdued, capping a source of fee income unless long‑term rates fall materially. This limits upside to noninterest income and makes revenue growth more reliant on core banking activity, reducing diversified earnings optionality.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation strength
TTM free cash flow nearly equals net income, signaling durable cash conversion that supports organic loan growth, dividends, buybacks or capital buffers. Strong cash generation increases financial flexibility and funds balance-sheet expansion without relying on volatile wholesale funding over the next several quarters.
Read all positive factors
Wintrust Financial (WTFC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$10.10B
Dividend Yield1.4%
Average Volume (3M)441.00K
Price to Earnings (P/E)10.3
Beta (1Y)1.15
Revenue Growth6.64%
EPS Growth17.78%
CountryUS
Employees5,903
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)12.11
Shares Outstanding67,447,754
10 Day Avg. Volume462,376
30 Day Avg. Volume441,000
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 Cap1.07
Enterprise Value/Revenue2.53
Enterprise Value/Gross Profit4.03
Enterprise Value/Ebitda8.85
Forecast
1Y Price Target
$177.00Price Target Upside19.46% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering9
EPS Forecast (FY)13.01
Revenue Forecast (FY)$2.97B
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 primarily earns money through banking spread income and fee-based financial services. A major revenue driver is net interest income: it gathers funding through customer deposits and other borrowings and deploys those funds into interest-e...
Wintrust Financial Earnings Call Summary
Earnings Call Date:Apr 20, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 22, 2026
Earnings Call Sentiment Positive
The call was broadly constructive: management reported a fifth consecutive quarter of record net income, healthy organic loan and deposit growth, stable NIM (~3.56%), improving efficiency, and stable credit metrics (lower NPLs, reduced charge-offs). Revenue diversity (wealth management, operating leases) and strategic strengths (market awards, organic market share gains) provide momentum. Near-term headwinds are limited: mortgage banking remains subdued and rate-sensitive, special mention commercial loans ticked up (one-offs), and Q2 carries seasonal expense and capital considerations. Given the predominance of positive operating and credit metrics and manageable challenges, the tone and results are fundamentally positive.Positive Updates
Record Net Income — Fifth Consecutive Quarter
Net income of $227.0 million in Q1 2026, up from $223.0 million in the prior quarter (+1.8%) and up from $189.0 million in Q1 2025 (+20.1%), marking a fifth consecutive quarter of record net income.
Negative Updates
Slight Decline in Net Interest Income vs. Prior Year
Management noted net interest income declined slightly compared with 2025 despite average earning asset growth and a small NIM improvement; reliance on continued loan and deposit growth is required to drive NII expansion.
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Q1-2026 Updates
Positive
Negative
Record Net Income — Fifth Consecutive Quarter
Net income of $227.0 million in Q1 2026, up from $223.0 million in the prior quarter (+1.8%) and up from $189.0 million in Q1 2025 (+20.1%), marking a fifth consecutive quarter of record net income.
Read all positive updates
Company Guidance
Management guided to outsized Q2 loan growth driven by seasonally strong P&C premium finance (roughly ±$1.0B typical in Q2) and reiterated mid‑ to high‑single‑digit loan growth for the remainder of 2026, funded by deposit growth (Q1 deposit growth ≈ $1.2B, 8% q/q annualized; period‑end noninterest‑bearing deposits ≈ $1.1B above average); they expect a stable net interest margin around 3.5% (Q1 NIM 3.56%, aided by $555M higher average earning assets and a 2 bp benefit from two fewer days) with solid NII growth, modestly higher seasonally driven expenses in Q2 (Q1 noninterest expense $382.6M; full‑year expense guidance mid‑single‑digit y/y), a normalized tax rate going forward, continued stable credit (Q1 provision ~$20–30M, Q1 NPLs $182.8M or 0.34% of loans, charge‑offs 14 bps), CET1 at 10.4% with proposed standardized Basel changes potentially reducing RWA ~6–7% (≈60–70 bps CET1 benefit), and management expects operating leverage (targeting roughly 200 bps improvement) while continuing to evaluate capital deployment options.Wintrust Financial Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
74
Positive
Cash Flow
79
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.29B | 4.23B | 3.97B | 3.33B | 2.21B | 1.86B |
| Gross Profit | 2.69B | 2.63B | 2.35B | 2.16B | 1.88B | 1.77B |
| EBITDA | 1.23B | 1.21B | 1.05B | 929.85M | 782.63M | 739.59M |
| Net Income | 862.19M | 823.84M | 695.04M | 622.63M | 509.68M | 466.15M |
Balance Sheet | ||||||
| Total Assets | 72.16B | 71.14B | 64.88B | 56.26B | 52.95B | 50.14B |
| Cash, Cash Equivalents and Short-Term Investments | 14.17B | 6.70B | 8.76B | 5.80B | 5.50B | 7.85B |
| Total Debt | 4.34B | 4.48B | 4.24B | 3.66B | 3.60B | 2.43B |
| Total Liabilities | 64.78B | 63.88B | 58.54B | 50.86B | 48.15B | 45.64B |
| Stockholders Equity | 7.38B | 7.26B | 6.34B | 5.40B | 4.80B | 4.50B |
Cash Flow | ||||||
| Free Cash Flow | 1.68B | 860.40M | 635.52M | 697.97M | 1.32B | 1.07B |
| Operating Cash Flow | 1.72B | 910.35M | 721.56M | 744.38M | 1.38B | 1.13B |
| Investing Cash Flow | -7.06B | -6.17B | -5.95B | -3.24B | -3.49B | -5.93B |
| Financing Cash Flow | 5.27B | 5.27B | 5.26B | 2.43B | 2.20B | 4.89B |
Wintrust Financial Technical Analysis
Positive
148.17
Price Trends
142.51
Positive
144.94
Positive
137.97
Positive
Market Momentum
0.51
Positive
48.60
Neutral
25.00
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 148.17 is below the 20-day moving average (MA) of 148.52, above the 50-day MA of 142.51, and above the 200-day MA of 137.97, indicating a neutral trend. The MACD of 0.51 indicates Positive momentum. The RSI at 48.60 is Neutral, neither overbought nor oversold. The STOCH value of 25.00 is Neutral, 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 56 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 |
|---|---|---|---|---|---|---|---|
79 Outperform | $10.10B | 10.27 | 11.93% | 1.40% | 6.64% | 17.78% | |
78 Outperform | $9.89B | 8.21 | 11.67% | 1.37% | 41.57% | 41.57% | |
76 Outperform | $9.18B | 9.12 | 9.07% | 2.43% | 33.41% | 11.83% | |
72 Outperform | $9.08B | 9.08 | 13.77% | 2.97% | -1.12% | 25.29% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
61 Neutral | $8.41B | 10.15 | 12.88% | 1.80% | 10.29% | 17.94% |
* Financial Sector Average
WTFC
Wintrust Financial
149.81
33.45
28.75%
ONB
Old National Bancorp Capital
23.77
3.62
17.94%
UMBF
UMB Financial
130.18
29.30
29.04%
ZION
Zions Bancorporation National Association
61.71
16.53
36.58%
WAL
Western Alliance
77.03
6.60
9.37%
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.