For the quarter ended December 2023, Wintrust Financial (WTFC - Free Report) reported revenue of $570.8 million, up 3.7% over the same period last year. EPS came in at $1.87, compared to $2.23 in the year-ago quarter.
The reported revenue represents a surprise of -0.79% over the Zacks Consensus Estimate of $575.32 million. With the consensus EPS estimate being $2.44, the EPS surprise was -23.36%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Wintrust performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Efficiency Ratio: 63.8% versus the six-analyst average estimate of 56.9%.
- Net Interest Margin: 3.6% compared to the 3.6% average estimate based on six analysts.
- Average balance - Total earning assets: $51.51 billion compared to the $52.17 billion average estimate based on five analysts.
- Net charge-offs to average loan: 0.1% versus the three-analyst average estimate of 0.2%.
- Leverage Ratio: 9.3% versus the two-analyst average estimate of 9.4%.
- Net interest income - FTE: $472.70 million compared to the $470.55 million average estimate based on six analysts.
- Total Non-Interest Income: $100.83 million compared to the $107.38 million average estimate based on six analysts.
- Net Interest Income: $469.97 million compared to the $467.88 million average estimate based on five analysts.
- Wealth management: $33.28 million compared to the $33.45 million average estimate based on four analysts.
- Mortgage banking: $7.43 million versus the four-analyst average estimate of $23.37 million.
- Operating lease income, net: $14.16 million compared to the $13.87 million average estimate based on four analysts.
- Fees from covered call and put options: $4.68 million versus $2.63 million estimated by four analysts on average.
View all Key Company Metrics for Wintrust here>>>Shares of Wintrust have returned +0.1% over the past month versus the Zacks S&P 500 composite's +1.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
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For the quarter ended December 2023, Wintrust Financial (WTFC - Free Report) reported revenue of $570.8 million, up 3.7% over the same period last year. EPS came in at $1.87, compared to $2.23 in the year-ago quarter.
The reported revenue represents a surprise of -0.79% over the Zacks Consensus Estimate of $575.32 million. With the consensus EPS estimate being $2.44, the EPS surprise was -23.36%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Wintrust performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Efficiency Ratio: 63.8% versus the six-analyst average estimate of 56.9%.
- Net Interest Margin: 3.6% compared to the 3.6% average estimate based on six analysts.
- Average balance - Total earning assets: $51.51 billion compared to the $52.17 billion average estimate based on five analysts.
- Net charge-offs to average loan: 0.1% versus the three-analyst average estimate of 0.2%.
- Leverage Ratio: 9.3% versus the two-analyst average estimate of 9.4%.
- Net interest income - FTE: $472.70 million compared to the $470.55 million average estimate based on six analysts.
- Total Non-Interest Income: $100.83 million compared to the $107.38 million average estimate based on six analysts.
- Net Interest Income: $469.97 million compared to the $467.88 million average estimate based on five analysts.
- Wealth management: $33.28 million compared to the $33.45 million average estimate based on four analysts.
- Mortgage banking: $7.43 million versus the four-analyst average estimate of $23.37 million.
- Operating lease income, net: $14.16 million compared to the $13.87 million average estimate based on four analysts.
- Fees from covered call and put options: $4.68 million versus $2.63 million estimated by four analysts on average.
View all Key Company Metrics for Wintrust here>>>Shares of Wintrust have returned +0.1% over the past month versus the Zacks S&P 500 composite's +1.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Research Chief Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
Free: See Our Top Stock And 4 Runners Up
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