wintrust financial corp (WTFC) Key Developments
Wintrust Financial Corporation Announces Quarterly Cash Dividend, Payable on May 21, 2015
Apr 23 15
Wintrust Financial Corporation announced that the Company's Board of Directors approved a quarterly cash dividend of $0.11 per share of outstanding common stock. The dividend is payable on May 21, 2015 to shareholders of record as of May 7, 2015. As previously announced, subject to ongoing Board of Director approval, future dividend payments will be made on a quarterly basis.
Wintrust Financial Corporation Expands Leasing Operations with Wintrust Commercial Finance
Apr 23 15
Wintrust Financial Corporation has expanded its lease and equipment finance operation capability with the addition of Wintrust Commercial Finance, an equipment-focused financing group located in Texas. The group will provide highly sophisticated loan and lease products to commercial companies in a variety of industries throughout the US and Canada.
Wintrust Financial Corporation Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Announces Net Charge-Offs for the First Quarter Ended March 31, 2015
Apr 16 15
Wintrust Financial Corporation reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, net interest income was $151,891,000 compared to $144,006,000 a year ago, due to: an average loans, excluding covered loans, for the first quarter of 2015 increased by $1.8 billion compared to the first quarter of 2014. The growth in average loans, excluding covered loans, was partially offset by a 21 basis point decline in the yield on earning assets, resulting in an increase in total interest income of $9.0 million in the first quarter of 2015 compared to the prior year quarter. An increase in interest bearing deposits, the issuance of subordinated notes at the end of the second quarter of 2014 and the completion of the Canadian secured borrowing transaction at the end of the fourth quarter of 2014 was partially offset by a more favorable funding mix, resulting in a $1.1 million increase in interest expense. Income before taxes was $63,035,000 compared to $56,340,000 a year ago. Net income was $39,052,000 compared to $34,500,000 a year ago. Net income applicable to common shares was $37,471,000 or $0.76 per diluted share compared to $32,919,000 or $0.68 diluted per share a year ago. The current quarter was highlighted by strong loan and deposit growth, strong mortgage banking results, relatively stable net interest margin and credit quality metrics and the acquisition of Delavan Bancshares. Net revenue was $216,432,000 compared to $189,535,000 a year ago. Return on average assets was 0.80% compared to 0.78% a year ago. Return on average common equity was 7.64% compared to 7.43% a year ago. Book value per common share was $42.30 compared to $39.21 a year ago.
The company's net charge-offs totaled $3.1 million in the first quarter of 2015.
Wintrust Financial Corp Mulls Acquisitions
Apr 16 15
Wintrust Financial Corporation (NasdaqGS:WTFC) is seeking to grow both organically and through acquisitions.
Wintrust Financial Corporation, Annual General Meeting, May 28, 2015
Apr 10 15
Wintrust Financial Corporation, Annual General Meeting, May 28, 2015., at 10:00 Central Standard Time. Location: 9700 West Higgins Road, 2 Floor. Agenda: To elect the 14 nominees for directors to hold office until the 2016 annual meeting of shareholders; to approve, on an advisory (non-binding) basis, the company’s executive compensation; to adopt the company’s 2015 stock incentive plan; to ratify the appointment of Ernst & YOUNG LLP to serve as the independent registered public accounting firm for 2015; and to transact such other business as may properly come before the meeting and any adjournment thereof.