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Wintrust (WTFC) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
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For the quarter ended June 2024, Wintrust Financial (WTFC - Free Report) reported revenue of $591.76 million, up 5.6% over the same period last year. EPS came in at $2.32, compared to $2.38 in the year-ago quarter.
The reported revenue represents a surprise of +1.08% over the Zacks Consensus Estimate of $585.46 million. With the consensus EPS estimate being $2.40, the EPS surprise was -3.33%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Wintrust performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Interest Margin: 3.5% versus the six-analyst average estimate of 3.5%.
Efficiency Ratio: 57.1% versus the six-analyst average estimate of 57.5%.
Average balance - Total earning assets: $54.12 billion compared to the $53.78 billion average estimate based on five analysts.
Net charge-offs to average loan: 0.3% versus 0.2% estimated by three analysts on average.
Leverage Ratio: 9.3% versus 9.5% estimated by two analysts on average.
Net interest income - FTE: $473.49 million compared to the $468.35 million average estimate based on six analysts.
Total Non-Interest Income: $121.15 million compared to the $118.70 million average estimate based on six analysts.
Net Interest Income: $470.61 million versus $466.41 million estimated by five analysts on average.
Mortgage banking: $29.12 million versus the four-analyst average estimate of $29.35 million.
Fees from covered call and put options: $2.06 million versus $3.45 million estimated by four analysts on average.
Service charges on deposit accounts: $15.55 million compared to the $15 million average estimate based on four analysts.
Wealth management: $35.41 million compared to the $35.02 million average estimate based on four analysts.
Shares of Wintrust have returned +19.6% over the past month versus the Zacks S&P 500 composite's +4.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Wintrust (WTFC) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended June 2024, Wintrust Financial (WTFC - Free Report) reported revenue of $591.76 million, up 5.6% over the same period last year. EPS came in at $2.32, compared to $2.38 in the year-ago quarter.
The reported revenue represents a surprise of +1.08% over the Zacks Consensus Estimate of $585.46 million. With the consensus EPS estimate being $2.40, the EPS surprise was -3.33%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Wintrust performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Interest Margin: 3.5% versus the six-analyst average estimate of 3.5%.
- Efficiency Ratio: 57.1% versus the six-analyst average estimate of 57.5%.
- Average balance - Total earning assets: $54.12 billion compared to the $53.78 billion average estimate based on five analysts.
- Net charge-offs to average loan: 0.3% versus 0.2% estimated by three analysts on average.
- Leverage Ratio: 9.3% versus 9.5% estimated by two analysts on average.
- Net interest income - FTE: $473.49 million compared to the $468.35 million average estimate based on six analysts.
- Total Non-Interest Income: $121.15 million compared to the $118.70 million average estimate based on six analysts.
- Net Interest Income: $470.61 million versus $466.41 million estimated by five analysts on average.
- Mortgage banking: $29.12 million versus the four-analyst average estimate of $29.35 million.
- Fees from covered call and put options: $2.06 million versus $3.45 million estimated by four analysts on average.
- Service charges on deposit accounts: $15.55 million compared to the $15 million average estimate based on four analysts.
- Wealth management: $35.41 million compared to the $35.02 million average estimate based on four analysts.
View all Key Company Metrics for Wintrust here>>>Shares of Wintrust have returned +19.6% over the past month versus the Zacks S&P 500 composite's +4.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.