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Wintrust Financial
(NASDAQ:WTFC)
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Rating:75Outperform
Price Target:
$160.00
â–²(4.51% Upside)
Action:Reiterated
Date:10/20/26
WTFC scores well primarily on improving financial performance (growth, profitability, and rebounding cash generation) and a strongly positive earnings call with stable margin/credit and constructive growth guidance. The main offset is weaker technical momentum with the stock trading below key moving averages and negative MACD; valuation is supportive with a modest P/E and moderate yield.
Positive Factors
Record earnings and growth
Repeated record earnings alongside broad loan and deposit growth indicate durable operating momentum in Wintrust’s relationship-banking model. Continued balance-sheet expansion can support recurring interest income, while scale and customer additions provide a foundation for sustained earnings growth.
Negative Factors
Meaningful leverage
Although leverage has improved, sizable debt and low cash-flow coverage leave Wintrust more exposed to funding costs and credit-cycle pressure than a lower-levered financial institution. Sustained cash generation will remain important for preserving balance-sheet flexibility and supporting growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Record earnings and growth
Repeated record earnings alongside broad loan and deposit growth indicate durable operating momentum in Wintrust’s relationship-banking model. Continued balance-sheet expansion can support recurring interest income, while scale and customer additions provide a foundation for sustained earnings growth.
Read all positive factors
Wintrust Financial (WTFC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$10.17B
Dividend Yield1.43%
Average Volume (3M)543.43K
Price to Earnings (P/E)11.4
Beta (1Y)1.06
Revenue Growth5.56%
EPS Growth19.67%
CountryUS
Employees5,902
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)12.63
Shares Outstanding67,465,965
10 Day Avg. Volume563,853
30 Day Avg. Volume543,435
Financial Highlights & Ratios
PEG Ratio1.14
Price to Book (P/B)1.29
Price to Sales (P/S)2.21
P/FCF Ratio10.88
Enterprise Value/Market Cap1.36
Enterprise Value/Revenue3.19
Enterprise Value/Gross Profit5.01
Enterprise Value/Ebitda10.29
Forecast
1Y Price Target
$176.44Price Target Upside15.25% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering9
EPS Forecast (FY)13.31
Revenue Forecast (FY)$2.98B
Wintrust Financial Business Overview & Revenue Model
Company Description
Wintrust Financial Corporation (WTFC) functions as a diversified financial holding company, structuring its operations across three primary business segments: Community Banking, Specialty Finance, and Wealth Management. The Community Banking segme...
How the Company Makes Money
Wintrust primarily makes money through (1) net interest income and (2) noninterest income, with its cost structure driven by staffing, occupancy/technology, and credit costs.
1) Net interest income (core banking earnings): Wintrust gathers fundin...
Wintrust Financial Earnings Call Summary
Earnings Call Date:Oct 19, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:Jan 20, 2027
Earnings Call Sentiment Positive
The call was strongly positive overall. WinTrust reported record net income for the seventh consecutive quarter, solid 8% annualized loan and deposit growth, stable margins, improving efficiency, strong asset quality, market-share gains, and positive fourth-quarter growth expectations. The main challenges were lower noninterest income, a soft mortgage market, a softened premium finance market, competitive loan pricing, deposit-mix pressure, and continued economic and interest-rate uncertainty, but management characterized these conditions as manageable and remained confident in the company's competitive position and momentum into 2027.Positive Updates
Seventh Consecutive Record Net Income
Third-quarter net income was $239 million, up from $234 million in the prior quarter, marking WinTrust's seventh consecutive quarter of record net income.
Negative Updates
Noninterest Income Declined
Total noninterest income decreased to $136.3 million from $141.3 million in the prior quarter. The approximately $5 million decline included $1.9 million of lower mortgage banking revenue as higher rates weighed on mortgage originations and approximately $3.5 million less from security gains and losses as second-quarter unrealized gains shifted to third-quarter unrealized losses.
Read all updates
Q3-2026 Updates
Positive
Negative
Seventh Consecutive Record Net Income
Third-quarter net income was $239 million, up from $234 million in the prior quarter, marking WinTrust's seventh consecutive quarter of record net income.
Read all positive updates
Company Guidance
For the fourth quarter, WinTrust expects loan and deposit growth in the mid to high single digits, the net interest margin to remain stable plus or minus 3.5%, and expenses to be roughly the same as the third quarter, plus or minus just a hair. Excluding acquisitions or a big jump in the mortgage, expenses are expected to grow in the mid single digits, each year, if the company is getting that mid to high single digit, loan growth. Premium finance is expected to continue to grow in line with that mid to high single digits, residential mortgage balances are expected to add $100 million to $200 million a quarter and grow gradually, and fourth-quarter mortgage revenue may be just $20 million, plus or minus, with originations probably low twenties. The company expects interest-bearing deposit beta to reach 60-65% through the cycle, after initially reflecting 40%, or 10 basis points of the 25.Wintrust Financial Financial Statement Overview
Summary
Income Statement
83
Very Positive
Balance Sheet
74
Positive
Cash Flow
79
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.35B | 4.23B | 3.97B | 3.33B | 2.21B | 1.86B |
| Gross Profit | 2.76B | 2.63B | 2.35B | 2.16B | 1.88B | 1.77B |
| EBITDA | 1.34B | 1.24B | 1.05B | 929.85M | 782.63M | 739.59M |
| Net Income | 900.36M | 823.84M | 695.04M | 622.63M | 509.68M | 466.15M |
Balance Sheet | ||||||
| Total Assets | 74.67B | 71.14B | 64.88B | 56.26B | 52.95B | 50.14B |
| Cash, Cash Equivalents and Short-Term Investments | 15.02B | 6.70B | 8.76B | 5.80B | 5.50B | 7.85B |
| Total Debt | 4.37B | 4.48B | 4.24B | 3.66B | 3.60B | 2.43B |
| Total Liabilities | 67.14B | 63.88B | 58.54B | 50.86B | 48.15B | 45.64B |
| Stockholders Equity | 7.53B | 7.26B | 6.34B | 5.40B | 4.80B | 4.50B |
Cash Flow | ||||||
| Free Cash Flow | 1.60B | 860.40M | 635.52M | 697.97M | 1.32B | 1.07B |
| Operating Cash Flow | 1.64B | 910.35M | 721.56M | 744.38M | 1.38B | 1.13B |
| Investing Cash Flow | -6.54B | -6.17B | -5.95B | -3.24B | -3.49B | -5.93B |
| Financing Cash Flow | 4.79B | 5.27B | 5.26B | 2.43B | 2.20B | 4.89B |
Wintrust Financial Technical Analysis
Positive
153.10
Price Trends
148.86
Positive
153.69
Negative
149.38
Positive
Market Momentum
-0.61
Negative
59.28
Neutral
90.33
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For WTFC, the sentiment is Positive. The current price of 153.1 is above the 20-day moving average (MA) of 144.28, above the 50-day MA of 148.86, and above the 200-day MA of 149.38, indicating a bullish trend. The MACD of -0.61 indicates Negative momentum. The RSI at 59.28 is Neutral, neither overbought nor oversold. The STOCH value of 90.33 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for WTFC.
Wintrust Financial Risk Analysis
Wintrust Financial disclosed 56 risk factors in its most recent earnings report. Wintrust Financial reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Wintrust Financial Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | $10.29B | 11.22 | 12.17% | 1.32% | 28.55% | 37.78% | |
75 Outperform | $10.17B | 11.40 | 12.54% | 1.43% | 5.56% | 19.67% | |
75 Outperform | $8.04B | 13.41 | 14.35% | 1.96% | 9.31% | 4.06% | |
74 Outperform | $9.69B | 10.17 | 11.31% | 2.27% | 17.61% | 43.11% | |
74 Outperform | $1.74B | 11.13 | 12.02% | 1.25% | 2.04% | 22.06% | |
69 Neutral | $5.71B | 10.31 | 7.21% | 3.18% | 22.74% | 209.21% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
* Financial Sector Average
WTFC
Wintrust Financial
150.77
23.59
18.55%
ASB
Associated Banc-Corp
30.21
5.50
22.24%
CBSH
Commerce Bancshares
56.07
6.44
12.97%
ONB
Old National Bancorp Capital
25.32
4.77
23.22%
UMBF
UMB Financial
135.51
23.56
21.05%
BY
Byline Bancorp
38.40
10.66
38.43%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.