NASDAQ$WTFC

Wintrust Financial Corporation · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Reported net income of $101.2 million for the quarter and significant loan growth, increased net interest income, and strong mortgage banking revenue were achieved.

Wintrust Financial Corporation reported a net income of $101.2 million for Q4 2020, with diluted earnings per common share of $1.63. The company experienced significant loan growth excluding PPP loans, increased net interest income, and strong mortgage banking revenue.

  • Total assets increased by $1.3 billion.
  • Total loans, excluding Paycheck Protection Program (PPP) loans, increased by $607 million.
  • Total deposits increased by $1.2 billion.
  • Mortgage banking revenue decreased by $21.7 million to $86.8 million.

Headline financials

Total Revenue

$418M

Previous: $374M+11.7%
EPS (adj)

$1.63

Previous: $1.44+13.2%
Net Interest Margin

2.5%

Previous: 3.2%-20.2%
Net Overhead Ratio

1.1%

Previous: 1.5%-26.8%
ROA

0.9%

Previous: 1.0%-4.2%
ROACE

10.3%

Previous: 9.5%+8.2%
Capital Expenditures

$9.25M

Previous: $30.6M-69.7%
Free Cash Flow

-$105M

Previous: $258M-140.5%
Net Income

$101M

Previous: $86M+17.7%
Operating Income

$135M

No prior period
Gross Profit

$417M

Previous: $373M+11.7%
Cash & Equivalents

$322M

Previous: $286M+12.6%
Total Assets

$45.1B

Previous: $36.6B+23.1%
Stock-Based Comp

-$3.92M

Previous: $3.03M-229.4%

Revenue & EPS history

Wintrust · Revenue · Quarterly

$418M

Q4 2020+11.7%vs Q4 2019
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Forward guidance

Wintrust plans to focus on taking advantage of market opportunities to prudently deploy excess liquidity into earning assets. They expect to grow PPP loans, organic loans, residential real estate loans for investment and investment securities while maintaining an interest rate sensitive asset portfolio. They will continue to evaluate their operating expense base to enhance future profitability and carefully monitor the COVID-19 pandemic and its potential impact.

Tailwinds

  • Growing PPP loans.
  • Growing organic loans.
  • Growing residential real estate loans for investment.
  • Growing investment securities.
  • Maintaining an interest rate sensitive asset portfolio.

Headwinds

  • The potential impact of the COVID-19 pandemic on the economy.
  • The potential impact of the COVID-19 pandemic on their customers.
  • The potential impact of the COVID-19 pandemic on their business.
  • Uncertainty about the discontinued use of LIBOR and transition to an alternative rate.
  • Fluctuations in the stock market, which may have an adverse impact on the Company’s wealth management business and brokerage operation.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2020

Historical avgQ4 2020

-0.3%

Avg return

Earnings day

+0.7%

Avg return

5 days after

+2.2%

Avg return

30 days after

54%

37 / 68 earnings

Positive

+9.3%

Q3 2021

Best reaction

-9.7%

Q2 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.8%-0.6%+0.5%
Q4 2025+4.5%+1.2%+8.0%
Q3 2025+2.2%+2.0%+1.1%
Q2 2025-0.6%+0.7%+6.0%
Q1 2025+5.2%+9.2%+17.0%
Q3 2024-0.5%-2.0%+13.4%
Q2 2024-5.0%-3.1%-10.0%
Q1 2024+0.9%+5.1%+7.9%
Q4 2023+2.1%+6.1%+3.5%
Q3 2023+1.5%-1.6%+12.0%
Q2 2023+3.3%+2.1%-5.1%
Q1 2023-1.4%-3.1%-8.9%
Q4 2022-1.9%+2.7%+7.1%
Q3 2022+0.9%-0.6%-4.5%
Q2 2022+1.8%+2.3%+5.7%
Q1 2022+7.4%+3.9%-9.1%
Q4 2021-2.7%-3.5%-3.2%
Q3 2021+9.3%+9.6%+10.3%
Q2 2021-1.2%-3.1%+0.6%
Q1 2021-6.2%-1.3%-1.8%
Q4 2020-5.5%-5.5%-0.3%
Q3 2020+3.2%+0.7%+12.3%
Q2 2020+5.1%+7.3%+3.6%
Q1 2020+4.7%+6.4%+14.5%
Q4 2019-5.4%-7.1%-5.7%
Q3 2019-2.2%+0.2%+1.9%
Q2 2019-9.7%-7.4%-15.4%
Q1 2019+1.8%+0.1%-3.8%
Q4 2018-5.1%-2.5%+0.0%
Q3 2018-4.6%-8.6%-6.9%
Q2 2018+3.1%+2.6%+2.6%
Q1 2018+1.0%+3.7%+7.4%
Q4 2017+0.3%+0.2%-1.3%
Q3 2017+2.1%+1.8%+0.6%
Q2 2017+2.4%-0.1%-7.3%
Q1 2017+1.3%+6.3%+4.5%
Q4 2016+0.0%+2.9%+10.5%
Q3 2016+0.6%+0.8%+16.8%
Q2 2016-1.1%+0.5%+1.6%
Q1 2016+8.3%
Q4 2015-7.9%
Q3 2015-8.8%
Q2 2015+3.1%
Q1 2015+2.2%
Q4 2014+1.4%
Q3 2014+1.9%
Q2 2014+3.1%
Q1 2014-1.0%
Q4 2013-3.1%
Q3 2013+0.4%
Q2 2013+1.1%
Q1 2013-3.5%
Q4 2012-1.2%
Q3 2012-1.7%
Q2 2012+0.4%
Q1 2012+0.6%
Q4 2011+0.4%
Q4 2008-5.5%
Q3 2011-5.5%
Q2 2011-4.5%
Q4 2010-4.5%
Q1 2010+0.5%
Q1 2011+0.2%
Q4 2009-1.6%
Q3 2009-2.2%
Q3 2010-2.2%
Q2 2009-1.0%
Q2 2010-1.0%

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