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Wintrust: 4Q Earnings Snapshot

January 21, 2020 GMT

ROSEMONT, Ill. (AP) _ Wintrust Financial Corp. (WTFC) on Tuesday reported fourth-quarter earnings of $86 million.

The Rosemont, Illinois-based bank said it had earnings of $1.44 per share.

The results did not meet Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.56 per share.

The bank holding company posted revenue of $462 million in the period. Its revenue net of interest expense was $374.1 million, which topped Street forecasts. Six analysts surveyed by Zacks expected $373.6 million.

For the year, the company reported profit of $355.7 million, or $6.03 per share. Revenue was reported as $1.46 billion.

Wintrust shares have dropped roughly 6% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $66.90, a decrease of 10% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WTFC at https://www.zacks.com/ap/WTFC