olivLaw · US equity research
Wintrust Financial Corporation WTFC
State Commercial Banks · SIC 6022 · Vertical: State Commercial Banks (SIC 6022)
Wintrust Financial is a financial holding company based in Rosemont, Illinois, providing community and commercial banking services across the Chicago area, southern Wisconsin, northwest Indiana and west Michigan, alongside national specialty finance businesses. It reported record quarterly profits in 2026, which puts the focus on its deposit-led growth model.
The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).
At the close of 04 Nov 2026, Wintrust Financial Corporation (WTFC) stock was 156.12 USD (+0.48% on the day), with market capitalisation 10.5 bn USD, P/E 11.9 on diluted EPS of 13.16 USD over the last 12 months, dividend yield 1.38%, beta 1.11, 52-week range 123.45–166.90 USD. Latest reported quarter (Q3 2026): net income of 239.1 m USD (+10.5% YoY), diluted EPS 3.37 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 64.6
- strong (55–70)
- Bollinger (20, 2)
- 138.43 – 158.30
- in the upper half of the band · %B 0.89 · band width 13.4%
- SMA 50 / 200
- 148.30 / 150.39
- mixed trend
- MACD (12, 26, 9)
- 2.36 / 1.17
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | +7.5% | −1.1% | +8.6 pp | — |
| 3 months | −3.3% | −0.5% | −2.8 pp | — |
| 6 months | +1.9% | +4.4% | −2.5 pp | — |
| Year to date | +11.7% | +12.3% | −0.7 pp | — |
| 1 year | +22.3% | +13.5% | +8.7 pp | +23.6% |
| 3 years | +91.6% | +76.4% | +15.2 pp | +70.7% |
| 5 years | +67.6% | +63.7% | +3.9 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q3 2026 · 30 Sept 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | -1.6 bn | — | — | — | — | — | — | — |
| Depreciation & amortisation | -9.5 m | 29.5 m | 30.9 m ≈ | 28.6 m ≈ | -22.0 m | 29.9 m | 29.2 m ≈ | 29.9 m ≈ |
| Interest expense | 388.4 m | 360.5 m | 374.2 m | 396.8 m | 372.5 m | 348.5 m | 364.0 m | 381.3 m |
| Pre-tax income | 253.1 m | 253.1 m | 267.1 m | 296.0 m | 302.2 m | 300.9 m | 318.0 m | 326.3 m |
| Income tax | 67.7 m | 64.0 m | 71.6 m | 79.8 m | 79.2 m | 73.6 m | 84.3 m | 87.3 m |
| Net income | 185.4 m | 189.0 m | 195.5 m | 216.3 m | 223.0 m | 227.4 m | 233.7 m | 239.1 m |
| Diluted EPS | 2.74 ≈ | 2.69 | 2.78 | 2.78 | 3.27 ≈ | 3.22 | 3.30 | 3.37 |
| Operating cash flow | 490.8 m | 119.8 m | 329.2 m ≈ | 209.8 m ≈ | 251.7 m | 927.2 m | 255.1 m ≈ | 357.8 m ≈ |
| Capex | 19.6 m | — | — | — | — | — | — | — |
| Dividends paid | 36.9 m | 40.3 m | 40.5 m ≈ | 46.8 m ≈ | 41.9 m | 45.4 m | 45.5 m ≈ | 45.5 m ≈ |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 60 percentile of its own 40-quarter history (min 5.9, median 11.5, max 19.8; quarters with earnings only).
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 152.5 m | 161.5 m | 170.1 m | 207.2 m | 217.7 m | 220.4 m | 250.7 m | 265.6 m |
| Revenue YoY | +9.7% | +5.9% | +5.4% | +21.8% | +5.1% | +1.3% | +13.7% | +5.9% |
| Net income | 343.2 m | 355.7 m | 293.0 m | 466.2 m | 509.7 m | 622.6 m | 695.0 m | 823.8 m |
| Net income YoY | +33.2% | +3.7% | −17.6% | +59.1% | +9.3% | +22.2% | +11.6% | +18.5% |
| Diluted EPS | 5.86 | 6.03 | 4.68 | 7.58 | 8.02 | 9.58 | 10.31 | 11.40 |
| Diluted EPS YoY | +33.2% | +2.9% | −22.4% | +62.0% | +5.8% | +19.5% | +7.6% | +10.6% |
| net % | 225.0% | 220.3% | 172.2% | 225.0% | 234.1% | 282.4% | 277.2% | 310.1% |
| Free cash flow | 308.9 m | 184.0 m | -582.1 m | 1.1 bn | 1.3 bn | 698.0 m | 635.5 m | 860.4 m |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 467.9 m USD
- Financial debt
- unavailable USD
- Net debt
- unavailable USD
- Equity
- 7.3 bn USD
- Total assets
- 71.1 bn USD
- Debt / equity
- unavailable
- Current ratio
- unavailable
- ROE
- 12.1%
- ROA
- 1.2%
- FCF margin
- 323.9%
Financial statements (source on every figure)
Revenue and net income (USD)
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Net interest income | 1.0 bn | 1.1 bn | 1.5 bn | 1.8 bn | 2.0 bn | 2.2 bn | SEC (XBRL)· 26 Feb 2026verified |
| Net fee income | 604.2 m | 586.1 m | 461.1 m | 434.1 m | 488.3 m | 501.9 m | SEC (XBRL)· 26 Feb 2026verified |
| Non-interest expense | 1.0 bn | 1.1 bn | 1.2 bn | 1.3 bn | 1.4 bn | 1.5 bn | SEC (XBRL)· 26 Feb 2026verified |
| Pre-tax income | 389.8 m | 637.8 m | 700.6 m | 845.1 m | 947.1 m | 1.1 bn | SEC (XBRL)· 26 Feb 2026verified |
| Net income | 293.0 m | 466.2 m | 509.7 m | 622.6 m | 695.0 m | 823.8 m | SEC (XBRL)· 26 Feb 2026verified |
| Diluted EPS | 4.68 | 7.58 | 8.02 | 9.58 | 10.31 | 11.40 | SEC (XBRL)· 26 Feb 2026verified |
| Dividend per share | 1.12 | 1.24 | 1.36 | 1.60 | 1.80 | 2.00 | SEC (XBRL)· 26 Feb 2026verified |
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 322.5 m | 411.2 m | 491.0 m | 423.5 m | 458.5 m | 467.9 m | SEC (XBRL)· 26 Feb 2026verified |
| Loans | 31.8 bn | — | — | — | — | — | SEC (XBRL)· 26 Feb 2021verified |
| Total assets | 45.1 bn | 50.1 bn | 52.9 bn | 56.3 bn | 64.9 bn | 71.1 bn | SEC (XBRL)· 26 Feb 2026verified |
| Deposits | 37.1 bn | 42.1 bn | 42.9 bn | 45.4 bn | 52.5 bn | 57.7 bn | SEC (XBRL)· 26 Feb 2026verified |
| Short-term debt | 11.4 m | 9.2 m | 17.6 m | 13.4 m | 0 | — | SEC (XBRL)· 28 Feb 2025verified |
| Total liabilities | 41.0 bn | 45.6 bn | 48.2 bn | 50.9 bn | 58.5 bn | 63.9 bn | SEC (XBRL)· 26 Feb 2026verified |
| Equity | 4.1 bn † | 4.5 bn † | 4.8 bn † | 5.4 bn † | 6.3 bn † | 7.3 bn † | SEC (XBRL)· 26 Feb 2026verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Dividends paid | 85.9 m | 98.6 m | 108.2 m | 125.7 m | 143.3 m | 169.4 m | SEC (XBRL)· 26 Feb 2026verified |
| Share repurchases | 92.1 m | 9.5 m | 0 | 0 | — | — | SEC (XBRL)· 28 Feb 2024verified |
Computed indicators
Growth
Profitability
Returns
Market and valuation
Banking
32 indicators that do not apply to the sector.
Valuation
olivLaw classification
Score: 58 / 100
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 10.5 bn USD
Key indicators
Coverage and freshness
Score by group
- Returns6
- Quality64
- Valuation48
- Growth87
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 114.35 – 193.31 USD.
Methods computed but outside the aggregate range: Dividend discount (DDM) (a small share of earnings is paid as dividends (capital returns through buybacks): the dividend model does not describe the value and stays outside the aggregate).
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- Residual income114.35 – 119.65 (Mid 116.95)
- Justified P/B143.74 – 193.31 (Mid 164.88)
- Dividend discount (DDM)outside the aggregate26.28 – 35.34 (Mid 30.15)a small share of earnings is paid as dividends (capital returns through buybacks): the dividend model does not describe the value and stays outside the aggregate
- Peers: P/E145.70 – 177.04 (Mid 168.62)33 companies used · median multiple 12.8x · quartiles 11.1x – 13.4xACNB, ALLY, ASB, AUBN, BANR, BNY, BWFG, CFG, COFS, COSO, EFSI, EWBC, FBP, FHB, FUSB, FVCB, GABC, HTH, ISBA, JMSB, MNSB, MTB, MYFW, NTRS, NWFL, OFG, OPBK, PEBK, PEBO, STT, TCBI, TCBK, WAL
- Peers: P/B119.01 – 160.78 (Mid 135.15)34 companies used · median multiple 1.3x · quartiles 1.1x – 1.5xACNB, ALLY, ASB, AUBN, AVBH, BANR, BWFG, CFG, COFS, COSO, EFSI, EWBC, FBP, FHB, FITB, FUSB, FVCB, GABC, GBCI, HTH, ISBA, JMSB, MNSB, MTB, MYFW, NWFL, OFG, OPBK, PEBK, PEBO, STT, TCBI, TCBK, WAL
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Neutral profile · Score 58/100
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROE · Quality | 12.9% | 74 (vs peers) | 20% |
| ROA · Quality | 1.3% | 62 (on a fixed band) | 8% |
| Cost-to-income · Quality | 53.7% | 45 (on a fixed band) | 13% |
| Net interest margin · Quality | 3.3% | 71 (on a fixed band) | 8% |
| EPS CAGR 3Y · Growth | 12.4% | 100 (on a fixed band) | 10% |
| Revenue CAGR 3Y · Growth | 6.9% | 69 (on a fixed band) | 8% |
| NPL ratio · Balance sheet | unavailable | unavailable | — |
| Cost of risk · Balance sheet | unavailable | unavailable | — |
| Loan-to-deposit · Balance sheet | unavailable | unavailable | — |
| P/B · Valuation | 1.4x | 33 (vs peers) | 13% |
| P/E (TTM) · Valuation | 11.9x | 63 (vs peers) | 13% |
| Dividend yield · Returns | 1.4% | 6 (vs peers) | 10% |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partialunavailable · 0/3 factors with a value
- Growth87/100 · 2/2 factors with a value
- Quality64/100 · 4/4 factors with a value
- Returns6/100 · 1/1 factors with a value
- Valuation48/100 · 2/2 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
WINTRUST FINANCIAL CORP (WTFC). Latest full fiscal year: 2025; data up to 2026-09-30.
Figures computed from the financial statements: net interest income 2.2 bn USD in 2025; YoY growth 5.9%; net margin 347.5%; ROE 12.9%.
The estimated value range is 131.38–168.91 USD per share (median of 4 methods, agreement: high); assumptions are illustrative. Against the central value of 150.02 USD, the price of 156.12 USD leaves a potential of -3.9% (value / price − 1) and a margin of safety of -4.1% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
olivLaw score 58/100, methodological classification: neutral profile (score, margin of safety and method agreement together; not a judgement of the right price). Groups assessed only in part: balance. Not investment advice.
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- ROE: 12.9%
- Net interest margin: 3.3%
- EPS CAGR 3Y: 12.4%
What contradicts it
- Dividend yield: 1.4%
Not assessed (insufficient data or a ratio without meaning): NPL ratio, Cost of risk, Loan-to-deposit.
Versus the vertical median
State Commercial Banks (SIC 6022) · same industry (4-digit SIC) · compared with 39 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| BNYThe Bank Of New York Mellon Corporation | 102.8 bn | 16.8 | 15.0% | 32.6% | +7.8% | +36% / +216% |
| FITBFifth Third Bancorp | 49.4 bn | 18.4 | 9.4% | — | −2.0% | +26% / +89% |
| STTState Street Corporation | 47.2 bn | 13.9 | 13.1% | 23.8% | +7.3% | +46% / +138% |
| MTBM&T Bank Corp | 32.4 bn | 11.7 | 10.7% | 178.1% | +7.5% | +18% / +75% |
| NTRSNorthern Trust Corporation | 32.2 bn | 13.7 | 18.4% | 28.8% | −2.5% | +36% / +125% |
| CFGCitizens Financial Group Inc | 27.6 bn | 13.0 | 8.9% | 25.4% | +5.6% | +22% / +142% |
| EWBCEast West Bancorp, Inc. | 18.4 bn | 12.9 | 16.6% | — | +4.4% | +26% / +113% |
| ALLYAlly Financial Inc. | 11.8 bn | 8.8 | 9.9% | 16.8% | −3.3% | −5% / +35% |
| WTFCWintrust Financial Corp | 10.5 bn | 11.9 | 12.9% | 347.5% | +5.9% | +22% / +92% |
| WALWestern Alliance Bancorporation | 8.5 bn | 8.7 | 13.3% | 436.5% | +99.7% | −3% / +55% |
| GBCIGlacier Bancorp, Inc. | 6.5 bn | 18.6 | 8.8% | 308.8% | +7.5% | +17% / +48% |
| ASBAssociated Banc-Corp | 5.8 bn | 10.8 | 10.2% | — | −11.0% | +19% / +77% |
| TCBITexas Capital Bancshares Inc | 4.5 bn | 13.4 | 10.2% | — | unavailable | +18% / +93% |
| FBPFirst Bancorp | 4.1 bn | 11.2 | 19.5% | 29.0% | +2.4% | +34% / +77% |
| FHBFirst Hawaiian, Inc. | 3.1 bn | 11.6 | 9.9% | 30.3% | +8.9% | +4% / +32% |
| BANRBanner Corporation | 2.6 bn | 12.2 | 10.0% | — | unavailable | +14% / +59% |
| OFGOFG Bancorp | 2.2 bn | 10.1 | 16.1% | — | unavailable | +30% / +53% |
| HTHHilltop Holdings Inc. | 2.1 bn | 15.7 | 6.6% | — | unavailable | +10% / +28% |
| GABCGerman American Bancorp, Inc. | 1.9 bn | 13.4 | 12.5% | 28.2% | +37.8% | +28% / +76% |
| TCBKTriCo Bancshares | 1.7 bn | 12.9 | 10.4% | 249.7% | +4.1% | +12% / +57% |
| PEBOPeoples Bancorp Inc. | 1.4 bn | 11.7 | 10.1% | 136.3% | +2.3% | +34% / +35% |
| ACNBAcnb Corporation | 686.6 m | 12.8 | 13.3% | 27.1% | +45.1% | +39% / +73% |
| BWFGBankwell Financial Group, Inc. | 584.1 m | 12.9 | 14.5% | 1,437.5% | +44.0% | +60% / +172% |
| COFSChoiceOne Financial Services, Inc. | 562.5 m | 10.4 | 12.0% | 42.0% | +63.6% | +24% / +50% |
| NWFLNorwood Financial Corp | 398.9 m | 12.7 | 11.2% | 338.1% | +8.1% | +28% / +32% |
1- and 3-year price returns: for WTFC from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 98.17 Total return -36% · Per year -36% | 173.36 Total return 13% · Per year 13% | 260.87 Total return 69% · Per year 69% |
| 3 years | 99.84 Total return -33% · Per year -12% | 197.94 Total return 32% · Per year 10% | 326.39 Total return 115% · Per year 29% |
| 5 years | 101.54 Total return -29% · Per year -7% | 226.01 Total return 54% · Per year 9% | 408.36 Total return 173% · Per year 22% |
- Exit P/E± 49.49
- Net margin± 34.64
- Annual revenue growth± 27.81
- Annual dilution± 2.91
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 19 Oct 2026; since then the company filed 10-Q (04 Nov 2026).
In brief
Wintrust Financial is a financial holding company based in Rosemont, Illinois, providing community and commercial banking services across the Chicago area, southern Wisconsin, northwest Indiana and west Michigan, alongside national specialty finance businesses. It reported record quarterly profits in 2026, which puts the focus on its deposit-led growth model.13
SWOT
Strengths
- A solid deposit franchise with a diversified customer base, and a multiple-charter structure that gives extended deposit insurance coverage to clients.
- A track record of steady profit growth, with consecutive record quarterly results through the third quarter of 2026.
- Diversification across complementary segments, which reduces dependence on any single type of banking activity.
Weaknesses
- Geographic concentration in a few metropolitan and regional areas, which makes the company sensitive to local economic conditions.
- Rising operating costs tied to personnel and technology, which could erode efficiency.
- The net interest margin is sensitive to loan yields and deposit funding costs.
Opportunities
- Expansion in Wisconsin and west Michigan, where the company has stated its intention to grow market share.
- Growth in commercial lending and specialty finance, particularly through equipment leasing and receivables financing.
- Development of wealth management services, especially as brokerage operations are outsourced to a platform partner.
Threats
- A deterioration in economic conditions in its market areas could increase credit losses.
- Competition from non-bank companies and financial technology could reduce its share of deposits.
- Changes in regulation or monetary policy could affect margins and capital requirements.
Risks
- Geographic concentrationhigh
The business is concentrated in the Chicago area, southern Wisconsin and west Michigan. A regional economic decline could affect loan demand and collateral values at the same time.1
- Credit riskmedium
Commercial loans and loans secured by commercial real estate are exposed to economic deterioration. If delinquencies rose, the cost of provisions could increase.13
- Interest rate riskmedium
Changes in interest rates can affect the net interest margin and the value of securities held. The company uses derivative instruments to reduce this exposure.1
- Insurance premium finance riskmedium
Premium finance involves delinquency risk and dependence on the ratings of insurance carriers. If an insurer ran into difficulty, losses could increase.1
- Cyber and operational risklow
Cyberattacks, system failures and third-party vendor breakdowns could disrupt operations and damage the company's reputation.1
Investment thesis
What would need to be true (bull case)
- Consecutive record quarterly results suggest the deposit-led growth model is working, and the company's share in Illinois is strengthening.
- Diversification across three segments and several lending niches offers a steadier revenue base than a traditional regional bank.
- If the expansion into Wisconsin and west Michigan succeeds, the company could add business volume without changing its operating model.
What would break the thesis
- The net interest margin edged down in 2026, and if loan yields keep falling, interest income could come in weaker than expected.
- Operating costs have grown faster than revenue in some periods, which could limit operating leverage.
- Geographic concentration leaves the company exposed to an economic slowdown in Illinois, where regional financial pressures are already visible.
What to watch
- Trend in net interest margin and loan yieldsQ4 2026
- Level of net charge-offs and non-performing loansQ4 2026
- Pace of growth in personnel and technology expenses2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 19 Oct 2026; since then the company filed 10-Q (04 Nov 2026).
The business
Wintrust Financial Corporation is an Illinois financial holding company founded in 1992, with total assets of approximately $71.1 billion as of December 31, 2025. It operates through sixteen wholly-owned bank subsidiaries offering personal and commercial banking to customers in its market area, along with specialty finance and wealth management units.1
The company is organized into three reportable segments: community banking, specialty finance and wealth management. The segments are managed separately because they offer different products and face different regulation, while the banks are aggregated into one operating segment given their similar products and customers. The multiple-charter structure allows the MaxSafe product to extend FDIC coverage across deposits.1
Beyond core banking, Wintrust originates residential mortgages through Wintrust Mortgage, selling part of them into the secondary market, and runs niche lending units for premium finance, equipment leasing through Wintrust Asset Finance and receivables financing through Tricom. Its wealth segment provides trust, investment advisory and tax-deferred exchange services through Chicago Deferred Exchange Company.1
Segments
Wealth management
The wealth management segment provides trust services, asset management, investment advisory and tax-deferred exchange services through four subsidiaries. In January 2025 part of the brokerage operations was outsourced to LPL Financial, which lets the company focus on growing its wealth business.1
Trends
- Loan and deposit growthtailwind
Organic growth in loans and deposits supported interest income in 2026. If this momentum holds, it could continue to support net interest income.23
- Pressure on net interest marginheadwind
The net interest margin edged down in 2026 as loan yields declined. Future movements in interest rates could keep influencing this margin.23
- Asset quality and cost of riskmixed
Non-performing loans stayed stable through the third quarter, but net charge-offs rose from the previous quarter. If economic uncertainty persists, provision costs could become higher.3
- Operating cost pressureheadwind
Non-interest expense grew in 2025 and in early 2026, mainly on salaries and software investment. Keeping expenses disciplined remains a stated objective for the company.123
Competitive position
Wintrust competes with community banks, regional and national banks, credit unions, non-bank finance companies and financial technology firms. Larger rivals have greater resources and market presence, and technology has lowered entry barriers for non-bank competitors.1
The company differentiates itself through its multiple-charter structure, personal customer relationships and niche lending. Products such as stablecoins, which the GENIUS Act provides a framework for, could draw funds that might otherwise have gone to banks.1
- Chicago community and regional banks
Compete directly for deposits and loans in the same market area, especially for small and mid-sized business clients.
- Large national banks
Have larger resources, geographically diversified portfolios and more advanced technology, and may offer lower-priced products.
- Financial technology companies
Compete through mobile payments and automated transfers without a physical presence, particularly for deposits.
- Insurance premium finance companies
Offer similar financing of insurance premiums, an important segment for the specialty finance division.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
No news in our archive over the last 180 days.
SEC filings
- Quarterly report04 Nov 2026
- Current report19 Oct 2026Results of operations · Financial statements and exhibits
- Quarterly report05 Aug 2026
- Current report20 Jul 2026Results of operations · Financial statements and exhibits
- Current report29 May 2026Shareholder vote
- Quarterly report06 May 2026
- Current report20 Apr 2026Results of operations · Financial statements and exhibits
- Proxy statement09 Apr 2026
- Annual report26 Feb 2026
- Current report20 Jan 2026Results of operations · Financial statements and exhibits
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / Wintrust Financial Corporation · 26 Feb 2026
- [2] Form 10-Q, quarter ended 2026-06-30 · SEC / Wintrust Financial Corporation · 05 Aug 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / Wintrust Financial Corporation · 19 Oct 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.