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Dec 31, 2021
Wintrust Q4 2021 Earnings Report
Reported net income of $98.8 million, experienced significant loan and deposit growth, increased net interest income, and maintained tangible book value growth.
Key Takeaways
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.
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.
Positive Outlook
- 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.
Challenges Ahead
- 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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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