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Wintrust (WTFC) Reports Q1 Earnings: What Key Metrics Have to Say
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Wintrust Financial (WTFC - Free Report) reported $604.77 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 6.9%. EPS of $2.89 for the same period compares to $2.80 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $573.74 million, representing a surprise of +5.41%. The company delivered an EPS surprise of +19.42%, with the consensus EPS estimate being $2.42.
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: 55.2% versus 57.7% estimated by six analysts on average.
Net Interest Margin: 3.6% versus the six-analyst average estimate of 3.6%.
Average balance - Total earning assets: $52.27 billion compared to the $52.41 billion average estimate based on five analysts.
Net charge-offs to average loan: 0.2% compared to the 0.2% average estimate based on three analysts.
Leverage Ratio: 9.5% versus 9.4% estimated by two analysts on average.
Net interest income - FTE: $467 million compared to the $469.57 million average estimate based on six analysts.
Total Non-Interest Income: $140.58 million versus $106.73 million estimated by six analysts on average.
Net Interest Income: $464.19 million versus the five-analyst average estimate of $467.44 million.
Wealth management: $34.82 million compared to the $33.78 million average estimate based on four analysts.
Mortgage banking: $27.66 million compared to the $19.25 million average estimate based on four analysts.
Operating lease income, net: $14.11 million compared to the $14.52 million average estimate based on four analysts.
Fees from covered call and put options: $4.85 million versus $3 million estimated by four analysts on average.
Shares of Wintrust have returned -3.7% over the past month versus the Zacks S&P 500 composite's -1.1% 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) Reports Q1 Earnings: What Key Metrics Have to Say
Wintrust Financial (WTFC - Free Report) reported $604.77 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 6.9%. EPS of $2.89 for the same period compares to $2.80 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $573.74 million, representing a surprise of +5.41%. The company delivered an EPS surprise of +19.42%, with the consensus EPS estimate being $2.42.
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: 55.2% versus 57.7% estimated by six analysts on average.
- Net Interest Margin: 3.6% versus the six-analyst average estimate of 3.6%.
- Average balance - Total earning assets: $52.27 billion compared to the $52.41 billion average estimate based on five analysts.
- Net charge-offs to average loan: 0.2% compared to the 0.2% average estimate based on three analysts.
- Leverage Ratio: 9.5% versus 9.4% estimated by two analysts on average.
- Net interest income - FTE: $467 million compared to the $469.57 million average estimate based on six analysts.
- Total Non-Interest Income: $140.58 million versus $106.73 million estimated by six analysts on average.
- Net Interest Income: $464.19 million versus the five-analyst average estimate of $467.44 million.
- Wealth management: $34.82 million compared to the $33.78 million average estimate based on four analysts.
- Mortgage banking: $27.66 million compared to the $19.25 million average estimate based on four analysts.
- Operating lease income, net: $14.11 million compared to the $14.52 million average estimate based on four analysts.
- Fees from covered call and put options: $4.85 million versus $3 million estimated by four analysts on average.
View all Key Company Metrics for Wintrust here>>>Shares of Wintrust have returned -3.7% over the past month versus the Zacks S&P 500 composite's -1.1% 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.