Wintrust Financial reports Q1 EPS $2.89, consensus $2.42

Reports Q1 revenue $604.77M , consensus $577.79M. Reports Q1 Pre-tax, pre-provision income totaled a record $271.6 M, up 30% as compared to $208.2 million in the fourth quarter of 2023. Timothy S. Crane, President and Chief Executive Officer, commented, “Following record net income in 2023, we continued our momentum with strong results to start 2024. We leveraged our balanced, multi-faceted business model and position as Chicago’s and Wisconsin’s bank to grow deposits and loans while maintaining our consistent credit standards coupled with expense management.” Additionally, Mr. Crane noted, “The first quarter exhibited funding strong loan growth with competitively-priced deposits in accordance with the increased loan demand. Increasing our long-term franchise value and net interest income remains our focus as we consider opportunities in the markets we serve.”