Wintrust Financial Q3 revenue slightly beats on strength in wealth management segment

Overview

• US regional bank's Q3 revenue slightly beat analyst expectations

• Q3 net income and diluted EPS rose year-over-year

• Net interest income increased sequentially, driven by loan and deposit growth

Outlook

• Company expects to deliver further revenue growth in the remainder of the year

• Company aims for balance sheet growth and positive operating leverage for the full year

• Wintrust expects continued loan growth in the fourth quarter of 2026

Result Drivers

• EARNING ASSET GROWTH - Co said net interest income rose due to growth in average earning assets

• LOAN AND DEPOSIT GROWTH - Co attributed loan and deposit increases to diversified portfolios and product offerings

• WEALTH MANAGEMENT FEES - Co said higher assets under management drove increased wealth management revenue

Company press release:

Key Details

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 5 "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 Corporation is $177.50, about 23.2% above its October 16 closing price of $144.08

• The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 12 three months ago

Reuters Recommended Reads

• Oct 19 - Western Alliance Bancorp Q3 revenue slightly beats estimates, profit rises on wider interest margin

• Oct 19 - Zions Bancorp Q3 EPS rises 20% on improved credit quality

• Oct 19 - ServisFirst Bancshares Q3 profit jumps on loan growth, wider interest margin

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)