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Sep 30, 2021
Wintrust Q3 2021 Earnings Report
Reported net income of $109.1 million, driven by organic loan and deposit growth, increased net interest income, strong mortgage banking revenue and tangible book value growth.
Key Takeaways
Wintrust Financial Corporation reported a net income of $109.1 million for Q3 2021, an increase from $105.1 million in Q2 2021. Total assets increased to $47.8 billion. The company experienced significant loan growth, excluding PPP loans, and deposit growth.
Net income of $109.1 million for the third quarter of 2021, up from $105.1 million in the second quarter of 2021.
Significant organic loan and deposit growth.
Increased net interest income.
Strong mortgage banking revenue.
Revenue by Segment
Forward Guidance
The company expects to leverage its diversified loan portfolio to outperform peers with respect to loan growth and is focused on deploying excess liquidity into earning assets.
Positive Outlook
- Leverage diversified loan portfolio to outperform peers with respect to 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 evaluating the acquisition market.
Challenges Ahead
- Mortgage originations will decline by 20-30% in the fourth quarter of 2021 as compared to the third quarter of 2021 due to the seasonal decline in home purchase activity and declining refinance volumes.
- Challenging interest rate environment.
- Increased liquidity affecting net interest margin.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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