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Wintrust (WTFC) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
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Wintrust Financial (WTFC - Free Report) reported $560.57 million in revenue for the quarter ended June 2023, representing a year-over-year increase of 27.2%. EPS of $2.38 for the same period compares to $1.49 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $555.16 million, representing a surprise of +0.97%. The company has not delivered EPS surprise, with the consensus EPS estimate being $2.38.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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: 57.2% versus the six-analyst average estimate of 56.89%.
Net Interest Margin: 3.64% compared to the 3.67% average estimate based on six analysts.
Average balance - Total earning assets: $49.36 billion versus $49.31 billion estimated by five analysts on average.
Net charge-offs to average loan: 0.17% versus 0.12% estimated by four analysts on average.
Leverage Ratio: 9.3% compared to the 9.17% average estimate based on two analysts.
Net interest income - FTE: $449.97 million versus $452.08 million estimated by six analysts on average.
Total Non-Interest Income: $113.03 million versus the six-analyst average estimate of $106.98 million.
Net Interest Income: $447.54 million versus the five-analyst average estimate of $448.59 million.
Service charges on deposit accounts: $13.61 million versus $13.25 million estimated by four analysts on average.
Other Non-Interest Income: $20.67 million compared to the $21.28 million average estimate based on four analysts.
Operating lease income, net: $12.23 million compared to the $13.06 million average estimate based on four analysts.
Mortgage banking revenue: $29.98 million versus the four-analyst average estimate of $20.76 million.
Shares of Wintrust have returned +17% over the past month versus the Zacks S&P 500 composite's +3.4% 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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Wintrust (WTFC) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
Wintrust Financial (WTFC - Free Report) reported $560.57 million in revenue for the quarter ended June 2023, representing a year-over-year increase of 27.2%. EPS of $2.38 for the same period compares to $1.49 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $555.16 million, representing a surprise of +0.97%. The company has not delivered EPS surprise, with the consensus EPS estimate being $2.38.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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: 57.2% versus the six-analyst average estimate of 56.89%.
- Net Interest Margin: 3.64% compared to the 3.67% average estimate based on six analysts.
- Average balance - Total earning assets: $49.36 billion versus $49.31 billion estimated by five analysts on average.
- Net charge-offs to average loan: 0.17% versus 0.12% estimated by four analysts on average.
- Leverage Ratio: 9.3% compared to the 9.17% average estimate based on two analysts.
- Net interest income - FTE: $449.97 million versus $452.08 million estimated by six analysts on average.
- Total Non-Interest Income: $113.03 million versus the six-analyst average estimate of $106.98 million.
- Net Interest Income: $447.54 million versus the five-analyst average estimate of $448.59 million.
- Service charges on deposit accounts: $13.61 million versus $13.25 million estimated by four analysts on average.
- Other Non-Interest Income: $20.67 million compared to the $21.28 million average estimate based on four analysts.
- Operating lease income, net: $12.23 million compared to the $13.06 million average estimate based on four analysts.
- Mortgage banking revenue: $29.98 million versus the four-analyst average estimate of $20.76 million.
View all Key Company Metrics for Wintrust here>>>Shares of Wintrust have returned +17% over the past month versus the Zacks S&P 500 composite's +3.4% 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.