Wintrust Financial Corporation (WTFC) functions as a diversified financial holding company, structuring its operations across three primary business segments: Community Banking, Specialty ...
Wintrust Financial Corporation (NASDAQ: WTFC) is a financial holding company with a market capitalization of approximately $10.7 billion, operating through 16 community bank charters and various non-bank subsidiaries. Founded in 1991 by Ed Wehmer and a group of local bankers, Wintrust was established to offer a community-focused alternative to large ...Wintrust Financial Corporation (NASDAQ: WTFC) is a financial holding company with a market capitalization of approximately $10.7 billion, operating through 16 community bank charters and various non-bank subsidiaries. Founded in 1991 by Ed Wehmer and a group of local bankers, Wintrust was established to offer a community-focused alternative to large banks. The company operates across three primary segments: Community Banking, Specialty Finance, and Wealth Management. Community Banking provides a full range of deposit and lending products, including home equity loans, commercial real estate financing, residential mortgages, and specialized lending for condominium associations, mortgage brokerage firms, and restaurant franchisees. It also offers treasury management and asset-based lending for middle-market businesses. Specialty Finance focuses on financing commercial and life insurance premiums, accounts receivable financing, and outsourced administrative services for the staffing industry. Wealth Management offers trust and investment management, asset management, securities brokerage, and retirement plan services. As of the latest fiscal year, Wintrust reported total assets of $56.26 billion, revenue of $2.16 billion, and net income of $622.63 million. The company employs around 5,902 full-time equivalents, with a physical footprint of 173 banking facilities and 228 ATMs. Under the leadership of CEO Timothy S. Crane, who has a 40-year banking career, Wintrust continues to expand its presence and maintain a strong capital position. Key financial metrics include a price-to-earnings ratio of 12.57, return on equity of 12.3%, and a dividend yield of 1.4%. The company has grown tangible book value annually since its public listing in 1996, reflecting its commitment to shareholder value and community banking principles.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$4.2B
+6.7%
+3.9%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$823.8M
+18.5%
+2.8%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
+62.2%
+5.0%
+0.8%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
+26.4%
+10.7%
+5.0%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
+19.5%
+11.1%
-1.0%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$860.4M
+35.4%
-74.0%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
+20.3%
+26.9%
-74.9%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
61.7%
-7.6%
-1.3%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
0.14x
-17.3%
-3.5%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
Operator: Welcome to Wintrust Financial Corporation's second quarter and year-to-date 2026 earnings conference call. A review of the results will be made by Tim Crane, President and Chief Executive Officer, David Dykstra, Vice Chairman and Chief Operating Officer, and Richard Murphy, Vice Chairman and Chief Lending Officer. As part of their reviews, the presenters may make reference to both the earnings press release and the earnings release presentation. Following their presentations, there will be a formal question-and-answer session. During the course of today's call, Wintrust management may make statements that constitute projections, expectations, beliefs, or similar forward-looking statements. Actual results could differ materially from the results anticipated or projected in any such forward-looking statements.
Operator: The company's forward-looking assumptions that could cause the actual results to differ materially from the information discussed during this call are detailed in our earnings press release and in the company's most recent Form 10-K, any subsequent filings with the SEC. Our remarks may reference certain non-GAAP financial measures. Our earnings press release and earnings release presentation include a reconciliation of each non-GAAP financial measure to the nearest comparable GAAP financial measure. As a reminder, this conference call is being recorded. I will now turn the conference call over to Mr. Tim Crane.
Tim Crane: Good morning, everybody. Welcome to Wintrust's second quarter 2026 earnings call. In addition to those that Latif introduced, I'm joined by our Chief Financial Officer, Dave Stoehr, and Chief Legal Officer, Kate Boege. As we do every quarter, I'll provide a brief overview of the quarter. Dave Dykstra will discuss key financial results. Rich will review loan activity and credit quality. I'll be back to share some final thoughts before we open up to your questions. As a reminder, we're focused on three key strategic priorities to drive financial results and build shareholder value: delivering an exceptional and differentiated customer experience, generating strategic and disciplined growth, and continuing to build on our foundation by investing for the future. Delivering on these priorities, we reported very strong loan and deposit growth, a net interest margin in line with expectations, well-managed expenses, and stable credit quality.
Tim Crane: All of this produced our sixth consecutive record quarter of net income. Second quarter net income was $233.7 million, up from just over $227 million in the first quarter. Year-to-date net income was $461 million, up 20% from the same period last year. Net interest income, the biggest driver of our revenue growth, was up 13% quarter-over-quarter on an annualized basis. Our growth this quarter was all organic. One client, one relationship at a time. We continue to deliver our differentiated value proposition to gain market share by adding new households and …
