Wintrust Financial Q4 EPS trumps estimates

Overview

• Financial services firm's Q4 revenue and EPS beat analyst expectations

• Company reported record Q4 net income of $223 mln

• Net interest income rose to $583.9 mln, driven by margin improvement and asset growth

Outlook

• Company expects net interest income expansion in future quarters

• Wintrust anticipates continued loan growth supported by strong pipelines

Result Drivers

• LOAN AND DEPOSIT GROWTH - Wintrust reported $1 bln increase in both loans and deposits, contributing to strong Q4 results

• NET INTEREST MARGIN - Improvement in net interest margin to 3.54% supported record net interest income in Q4

• CREDIT QUALITY - Stable credit quality with disciplined credit management and low net charge-offs

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the banks peer group is "buy"

• Wall Street's median 12-month price target for Wintrust Financial Corp is $158.00, about 8.3% above its January 16 closing price of $145.93

• The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release: ID:nGNX61kvtt

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