Wintrust: 4Q Earnings Snapshot
ROSEMONT, Ill. (AP) _ Wintrust Financial Corp. (WTFC) on Tuesday reported fourth-quarter profit of $79.7 million.
The bank, based in Rosemont, Illinois, said it had earnings of $1.35 per share.
The results missed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.57 per share.
The bank holding company posted revenue of $395.9 million in the period. Its revenue net of interest expense was $329.4 million, also falling short of Street forecasts. Seven analysts surveyed by Zacks expected $344.5 million.
For the year, the company reported profit of $343.2 million, or $5.86 per share. Revenue was reported as $1.32 billion.
Wintrust shares have risen 11 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $73.67, a fall of 16 percent in the last 12 months.