Wintrust: 4Q Earnings Snapshot
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.