Wintrust Financial CorporationWTFC
NasdaqGS•Financial Services•Banks - Regional
Wintrust Financial Corporation, a financial holding company, provides community-oriented, personal, and commercial banking services in the United States. It operates through three segments: Community Banking, Specialty Finance, and Wealth Management. The Community Banking segment offers non-interest-bearing deposits, non-brokered interest-bearing transaction accounts, and savings and domestic time deposits; home equity, consumer, and real estate loans; safe deposit facilities; and automatic teller machine, online and mobile banking, and other services. This segment also engages in the retail origination of residential mortgages; provision of lending, deposits, and treasury management services to condominium, homeowner, and community associations; and asset-based lending for middle-market companies. In addition, it provides loan and deposit services to mortgage brokerage companies; lending to restaurant franchisees; direct leasing; small business administration loans; commercial mortgages and construction loans; and financial solutions. The Specialty Finance segment offers commercial and life insurance premiums financing for businesses and individuals; accounts receivable financing, value-added, and out-sourced administrative services, including data processing of payrolls, billing, and cash management services to temporary staffing industry; other specialty finance services; equipment financing through structured loan and lease products; and property and casualty insurance premium financing. The Wealth Management segment provides wealth management services, such as trust and investment, tax-deferred like-kind exchange, asset management, and securities brokerage services. Wintrust Financial Corporation was founded in 1991 and is headquartered in Rosemont, Illinois.
Wintrust Financial Corporation (WTFC) reported trailing twelve months revenue of $4.29B as of March 2026, a 6.6% increase year-over-year. Quarterly revenue reached $1.06B, reflecting continued top-line momentum.
Wintrust Financial Corporation generated $862.19M in TTM net income, with quarterly EBITDA of $330.87M. The operating margin expanded from 25.2% to 28.3%, suggesting improving cost efficiency and pricing discipline.
The spread between operating margin (28.3%) and net margin (21.4%) indicates moderate non-operating costs. Net margin has improved from 18.8% a year ago, signaling stronger bottom-line efficiency.
WTFC trades at a P/E of 10.4x (below the broader market average) and a P/S of 2.1x. The price-to-book ratio of 1.2x reflects a moderate premium to book value.
The company generated $913.97M in free cash flow over the trailing twelve months, a 663.2% increase year-over-year, indicating strong cash generation ability. The balance sheet shows $72.16B in total assets with $3.45B in long-term debt against $7.38B in stockholders equity for a debt-to-equity ratio of 0.5, a conservative capital structure. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are expanding at ~25.4%, suggesting durable pricing power and cost discipline.
ROE is positive at ~10.9% on average, adequate but below the threshold typically associated with wide moats.
Free cash flow is consistently positive and growing — a hallmark of a capital-light business that can self-fund growth.
TTM revenue has grown consistently (7 of 7 quarters up), with ~16.3% growth over the period. Strong demand durability.
Data-driven red flags and warnings across 21 quarters
Margins are stable or improving at ~27.2% — no sign of cost or pricing stress.
FCF covers net income by 1.4x on average — earnings are well-supported by cash generation.
D/E ratio is 0.5 — conservative capital structure with low financial risk.
Revenue is stable or growing over recent quarters — demand appears durable.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Shares outstanding increased 8.7% — significant dilution, likely from stock compensation or capital raises.