Wintrust: 4Q Earnings Snapshot
ROSEMONT, Ill. (AP) _ Wintrust Financial Corp. (WTFC) on Wednesday reported fourth-quarter net income of $101.2 million.
The Rosemont, Illinois-based bank said it had earnings of $1.63 per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.46 per share.
The bank holding company posted revenue of $466.3 million in the period. Its revenue net of interest expense was $417.8 million, also topping Street forecasts. Six analysts surveyed by Zacks expected $413.9 million.
For the year, the company reported profit of $293 million, or $4.68 per share. Revenue was reported as $1.64 billion.
Wintrust shares have climbed 13% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $68.74, an increase of almost 3% in the last 12 months.