Wintrust Financial

WTFC · Nasdaq · Financials · Financials, fiscal 2016 to 2025

WTFC · Last close · October 26, 2026

$151.17

Wintrust Financial's revenue rose 11.2% to $2.7 billion in fiscal 2025. Net income was $824 million, up 18.5%. Its return on equity was 12.1%, up from 11.8% a year earlier. Its efficiency ratio was 55.5%, down from 57.2% a year earlier. It paid out $169 million in dividends and buybacks. The diluted share count rose 4.9%.

WINTRUST FINANCIAL CORP Latest fiscal year ended December 31, 2025 10-K filed February 26, 2026 · 0001015328-26-000007 Updated October 18, 2026

Revenue

$2.7B

11.2%

Net income

$824M

18.5%

Return on equity

12.1%

0.3 pts

Return on tangible equity

13.1%

0.0 pts

Efficiency ratio

55.5%

1.8 pts

Market cap

$10.3B

Oct 26 close

P/E

12.1x

On $12.45 EPS, 4 qtrs

Return on equity is net income as a share of shareholders' equity; return on tangible equity leaves out goodwill and other intangible assets. The efficiency ratio is operating costs as a share of revenue, so lower means the bank spends less to earn each dollar. Market cap is the last closing share price times the latest diluted share count, so it is approximate. P/E is the last close divided by diluted earnings per share over the last four quarters, or the latest fiscal year where the quarters aren't available; there is none when the company made a loss.

Charts show fiscal years, from the 10-K filings.

Revenue and returns

Revenue

US$ billions, fiscal years. Revenue is net of interest expense.

Return on equity

Percent. Net income over average equity; tangible equity excludes goodwill, intangibles and preferred stock.

Return on equityReturn on tangible common equity

Net income and earnings per share

From fiscal 2016 to 2025, earnings per share grew 13.5% a year and net income 16.6% a year, as new shares raised the share count by 25% and diluted each share's earnings.

Net income

US$ billions, fiscal years; loss years in red.

Diluted earnings per share

US$ per share, fiscal years, restated for any stock splits; loss years in red.

Efficiency and income mix

Efficiency ratio and net interest income

Percent of revenue. The efficiency ratio is noninterest expense over revenue.

Efficiency ratioNet interest income share

Payouts and share count

Dividends and buybacks

US$ billions, cash paid in each fiscal year

DividendsShare buybacks

Diluted share count

Weighted-average diluted shares, millions

Valuation

Value Wintrust Financial yourself from its earnings. A bank's cash flow is mostly the money it lends and takes in, so the cash flow model on other company pages doesn't suit it.

Price-to-earnings (P/E) method

Another common way to value a company is to multiply its earnings per share by a price-to-earnings (P/E) multiple: the number of years of today's earnings an investor pays for a share. A higher multiple usually means investors expect earnings to grow. Choose a multiple, for example from similar companies, to see the value it gives.

Value per share on three example scenarios, from Wintrust Financial's earnings per share of $12.45 (over the last four quarters). Each grows earnings for a year at the cash flow scenarios' rates and applies a multiple to next year's earnings: 12.1×, the middle of Wintrust Financial's own P/E today, its peers' median and its sector's median (Wintrust Financial's own P/E today) for the base scenario, 20% less and more for the cautious and optimistic ones. The price is brought back a year at 10%, 9% and 8%. Select one to load it into the calculator. These are the model's arithmetic on those assumptions, not a forecast or a price target.

Earnings per share, US$

Diluted earnings per share over the four quarters to June 30, 2026, from the 10-Qs and 10-K.

P/E multiple

P/E today is the last close divided by the latest earnings per share, the four quarters' where available. Peers: South State Bank, UMB Financial, East West Bancorp, Old National Bank.

Earnings growth in the years ahead (% a year) Starts at Wintrust Financial's revenue growth over the last 3 years, 11.7% a year, as the base scenario does.

Earnings per share in the years ahead, US$

Year 1Year 2Year 3Year 4Year 5

Type your own estimate for any year; the years after it carry on at the growth rate.

Apply the multiple to earnings

A multiple on a future year's earnings gives the price then, brought back to today at the discount rate below.

Discount rate (% a year) The yearly return an investor wants for the risk, as in the cash flow model.

Value per share today at this multiple

—

Last close, October 26, 2026: $151.17
Value at this multiple, against the last close: —
Wintrust Financial's P/E at the last close: 12.1×

Company	Last close	Earnings per share	P/E today
Old National BankONB	$25.03	$1.95	12.8×
East West BancorpEWBC	$131.77	$10.40	12.7×
Wintrust FinancialWTFC	$151.17	$12.45	12.1×
UMB FinancialUMBF	$134.26	$12.03	11.2×
South State BankSSB	$105.40	$9.51	11.1×

How the P/E method works. Value per share is earnings per share times the multiple. On a future year's earnings, that gives the price in that year, which is brought back to today at the discount rate: price ÷ (1 + discount rate) for each year ahead. It is quick and easy to compare across companies, but it ignores debt and cash, and earnings can swing with one-off gains and charges, so a multiple says most about steady, profitable businesses. Like the cash flow model, the result depends entirely on the assumptions you choose. It is not a forecast, a price target or a recommendation.

Balance sheet

Fiscal year end	FY21	FY22	FY23	FY24	FY25
Loans, net	—	—	—	—	—
Deposits	42,096	42,902	45,397	52,512	57,717
Loans to deposits	—	—	—	—	—
Provision for credit losses	−59	79	114	101	96
Provision to average loans	—	—	—	—	—
Total assets	50,142	52,950	56,260	64,880	71,142
Shareholders' equity	4,499	4,797	5,400	6,344	7,259

US$ millions unless stated, at each fiscal year end.

Insider trades

Over the 12 months between October 27, 2025 and October 26, 2026, no insider bought Wintrust Financial shares on the open market, and 7 insiders sold $8.4 million.

Date	Insider	Trade	Shares	Price	Value	Filing
Oct 22, 2026	Richard B MurphyVice Chair,chief Lending Ofc	Sold	7,136	$148.66	$1.1 million	Form 4
Aug 13, 2026	David A DykstraVice Chairman and COO	Sold	13,515	$162.77	$2.2 million	Form 4
May 4, 2026	Suzet M McKinneyDirector	Sold	500	$148.96	$74,480	Form 4
Apr 27, 2026	David A DykstraVice Chairman and COO	Sold	9,579	$148.82	$1.4 million	Form 4
Apr 23, 2026	David L StoehrChief Financial Officer	Sold	3,020	$150.45	$454,359	Form 4
Mar 4, 2026	Jeffrey D HahnfeldEvp-controller & Chief Acc Off	Sold	530	$145.65	$77,194	Form 4
Mar 2, 2026	Richard B MurphyVice Chair,chief Lending Ofc	Sold	3,979	$147.12	$585,390	Form 4
Feb 4, 2026	Kathleen M BoegeEVP, Chief Legal Ofc, And Sec	Sold	5,000	$159.61	$798,050	Form 4
Jan 30, 2026	David Eric LeeVice Chair, Wintrust Financial	Sold	558	$147.42	$82,260	Form 4
Jan 29, 2026	Kathleen M BoegeEVP, Chief Legal Ofc, And Sec	Sold	5,000	$146.38	$731,909	Form 4
Jan 29, 2026	Richard B MurphyVice Chair,chief Lending Ofc	Sold	3,291	$146.05	$480,651	Form 4
Jan 29, 2026	David L StoehrChief Financial Officer	Sold	2,499	$146.16	$365,254	Form 4

The latest 12 of 13 trades. Open-market purchases and sales by officers, directors and 10% owners, from their Form 4 filings with the SEC: one row per person, day and filing, at the day's average price. Grants, option exercises and shares withheld for tax aren't counted. Insiders buy and sell for many reasons, such as taxes, spreading their savings or a plan set up months earlier, so a trade on its own says little about where a company is heading. For information only, not investment advice. Insider trades at all companies

Compare

Put Wintrust Financial side by side with any other company we cover: revenue, growth, margins, cash flow and returns, with ten years of charts.

Similar companies

Company	Year	Revenue growth	Net margin	Return on equity	Return on tangible equity	Efficiency ratio	Compare
Wintrust Financial	FY25	11.2%	30.2%	12.1%	13.1%	55.5%
South State Bank	FY25	56.1%	29.8%	10.7%	16.9%	56.7%	Compare
UMB Financial	FY25	62.8%	26.5%	12.6%	15.5%	61.2%	Compare
East West Bancorp	FY25	12.2%	45.2%	15.9%	16.9%	35.7%	Compare
Old National Bank	FY25	33.9%	26.5%	9.0%	13.4%	58.8%	Compare

Each company's latest fiscal year. Fiscal years end in different months, so the periods don't line up exactly.

10 years of figures

Fiscal year	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Income statement
Revenue	1,048	1,152	1,321	1,462	1,644	1,711	1,956	2,272	2,451	2,726
Revenue growth	14.7%	9.9%	14.7%	10.7%	12.4%	4.1%	14.3%	16.1%	7.9%	11.2%
Net interest income	722	832	965	1,055	1,040	1,125	1,495	1,838	1,962	2,224
Noninterest income	325	320	356	407	604	586	461	434	488	502
Noninterest expense	682	732	826	928	1,040	1,132	1,177	1,312	1,403	1,512
Provision for credit losses	34	30	35	54	214	−59	79	114	101	96
Net income	207	258	343	356	293	466	510	623	695	824
Diluted EPS (US$)	3.66	4.40	5.86	6.03	4.68	7.58	8.02	9.58	10.31	11.40
Diluted shares (millions)	54	57	57	58	58	58	60	62	65	68
Payouts
Dividends paid	39	40	51	65	86	99	108	126	143	169
Share buybacks	1	0	0	0	92	10	0	0	0	0
Balance sheet at fiscal year end
Loans, net	19,703	21,503	23,668	26,644	—	—	—	—	—	—
Deposits	21,659	23,183	26,095	30,107	37,093	42,096	42,902	45,397	52,512	57,717
Total assets	25,669	27,916	31,245	36,621	45,081	50,142	52,950	56,260	64,880	71,142
Shareholders' equity	2,696	2,977	3,268	3,691	4,116	4,499	4,797	5,400	6,344	7,259
Ratios
Return on equity	8.2%	9.1%	11.0%	10.2%	7.5%	10.8%	11.0%	12.2%	11.8%	12.1%
Return on tangible common equity	9.5%	10.6%	13.0%	12.2%	8.4%	12.1%	12.1%	13.4%	13.2%	13.1%
Return on assets	0.8%	1.0%	1.2%	1.1%	0.7%	1.0%	1.0%	1.1%	1.1%	1.2%
Efficiency ratio	65.1%	63.5%	62.5%	63.5%	63.3%	66.2%	60.2%	57.8%	57.2%	55.5%

US$ millions unless stated. Where a later 10-K restated a year, the latest filed figure is shown. Download all figures (CSV, US$ millions)

Source: Wintrust Financial's Form 10-K filings, from SEC EDGAR. For information only, not investment advice. The Filing Desk is not affiliated with Wintrust Financial.