NASDAQ$WTFC

Wintrust Financial Corporation · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Reported net income of $98.8 million, experienced significant loan and deposit growth, increased net interest income, and maintained tangible book value growth.

Wintrust Financial Corporation reported a net income of $98.8 million for Q4 2021, with total assets reaching $50.1 billion. The company experienced significant loan and deposit growth and increased net interest income. The company's performance in 2021 was strong, marked by record annual net income.

  • Total assets increased by $2.3 billion to $50.1 billion.
  • Total loans, excluding PPP loans, increased by $2.0 billion, or 25% on an annualized basis.
  • Total deposits increased by $2.1 billion, including a $925 million increase in non-interest bearing deposits.
  • Net interest income increased by $8.5 million.

Headline financials

Total Revenue

$430M

Previous: $418M+2.9%
EPS (adj)

$1.58

Previous: $1.63-3.1%
Net Interest Margin

2.5%

Previous: 2.5%+0.4%
Net Overhead Ratio

1.2%

Previous: 1.1%+8.0%
ROA

0.8%

Previous: 0.9%-13.0%
ROACE

9.1%

Previous: 10.3%-12.1%
Capital Expenditures

$33.6M

Previous: $9.25M+263.5%
Free Cash Flow

$366M

Previous: -$105M+450.2%
Net Income

$98.8M

Previous: $101M-2.4%
Operating Income

$137M

Previous: $135M+1.7%
Gross Profit

$429M

Previous: $417M+2.9%
Cash & Equivalents

$411M

Previous: $322M+27.5%
Total Assets

$50.1B

Previous: $45.1B+11.2%
Stock-Based Comp

$6.74M

Previous: -$3.92M+272.2%

Revenue & EPS history

Wintrust · Revenue · Quarterly

$430M

Q4 2021+2.9%vs Q4 2020
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Forward guidance

The Company expects to leverage its differentiated, diversified loan portfolio to outperform peers with respect to loan growth which should allow the company to continue to expand net interest income.

Tailwinds

  • Leverage diversified loan portfolio to outperform peers in loan growth.
  • Expand net interest income.
  • Take advantage of market opportunities to prudently deploy excess liquidity into earning assets.
  • Maintain an interest rate sensitive asset portfolio.
  • Opportunistically evaluate the acquisition market.

Headwinds

  • Rising interest rate environment may pressure refinance volumes.
  • Competition may impact net interest income.
  • Macroeconomic environment may impact net interest income.
  • Acquisition targets may result in dilution.
  • Economic conditions could affect the Company’s liquidity and the performance of its loan portfolios.

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 2021

Historical avgQ4 2021

-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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