WINTRUST FINANCIAL CORP WTFC Income Statement

Wintrust financial corp (WTFC)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Interest income
Interest and fees on loans
301,839	308,055	314,277	309,161	296,987	283,311	271,134	255,063	234,994	226,447	223,897	209,289	196,916	184,202	190,189	178,530	173,127	169,501	167,831	159,823	154,676	157,476	156,534	151,984	147,030	149,528	150,810	145,983	142,114	146,946	149,271	144,100	143,555	143,514	140,543	132,338	136,543	144,652	137,902	135,800	129,542	126,448	110,302
Mortgage loans held-for-sale
3,165	3,201	3,478	3,104	2,209	3,409	5,285	4,226	2,818	3,291	3,223	3,420	2,398	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest bearing deposits with banks
4,768	8,971	10,326	5,206	5,300	5,628	5,423	3,243	2,796	2,723	3,272	1,634	1,623	1,541	1,156	793	746	493	372	305	316	495	409	319	249	435	229	411	569	739	362	203	248	696	917	870	936	1,342	1,339	1,215	1,274	778	767
Federal funds sold and securities purchased under resale agreements
86	390	310	0	0	-	0	1	-	0	0	1	1	1	1	1	1	0	1	1	2	3	12	6	4	4	4	4	15	13	7	6	12	33	28	23	32	39	35	34	49	106	66
Investment securities
32,467	27,611	24,758	27,721	27,956	26,656	21,710	19,888	19,128	18,160	16,058	15,524	13,573	12,954	15,496	16,398	17,190	16,405	16,130	14,071	14,400	13,761	12,767	13,309	13,114	9,690	9,224	9,359	8,752	8,086	7,691	10,510	11,847	12,574	12,667	11,438	9,540	7,236	7,438	11,218	11,012	13,677	15,394
Trading account securities
7	6	20	5	8	14	11	4	14	2	8	4	11	32	18	14	11	25	19	51	13	45	20	5	9	-2	14	8	5	6	3	10	9	6	15	10	13	11	19	343	21	7	55
Federal Home Loan Bank and Federal Reserve Bank stock
1,577	1,328	1,294	1,439	1,355	1,343	1,235	1,455	1,298	1,067	1,080	1,153	1,070	1,144	1,094	1,112	937	857	821	785	769	749	733	727	711	709	687	693	684	656	649	641	604	591	584	572	550	512	488	472	459	429	425
Brokerage customer receivables
158	169	164	178	155	235	164	167	157	150	150	156	167	186	195	216	219	206	205	205	181	186	201	200	209	218	200	188	174	197	218	221	211	203	197	194	166	170	180	166	139	132	120
Total interest income
344,067	349,731	354,627	346,814	333,970	320,596	304,962	284,047	261,205	251,840	247,688	231,181	215,759	215,013	208,149	197,064	192,231	187,487	185,379	175,241	170,357	172,715	170,676	166,550	161,326	160,582	161,168	156,646	152,313	156,643	158,201	155,691	156,486	157,617	154,951	145,445	147,780	153,962	147,401	149,248	142,496	141,577	127,129
Interest expense
Interest Expense, Deposits
67,435	74,724	76,168	67,024	60,976	55,975	48,736	35,293	26,549	24,930	23,655	18,471	16,270	16,413	15,621	13,594	12,781	12,617	12,436	11,996	11,814	12,431	12,298	11,759	11,923	12,488	12,524	13,675	14,504	16,208	16,794	17,273	18,030	19,685	21,893	22,404	23,956	27,853	31,088	31,626	33,212	42,806	43,502
Interest on Federal Home Loan Bank advances
3,360	1,461	1,774	4,193	2,450	2,563	1,947	4,263	3,639	2,124	2,151	2,933	1,590	2,439	2,577	2,984	2,886	2,684	2,458	1,812	2,156	2,534	2,641	2,705	2,643	2,700	2,729	2,821	2,764	2,835	2,817	2,867	3,584	4,186	4,166	4,010	3,958	4,038	4,042	4,094	4,346	4,536	4,503
Interest on other borrowings
3,546	3,273	3,466	3,525	3,633	3,199	2,003	1,698	1,699	1,600	1,482	1,149	1,139	1,074	1,137	1,086	1,058	1,007	1,045	787	788	313	200	510	750	1,145	910	1,132	1,154	6,653	2,024	2,274	3,102	2,804	2,874	2,715	2,630	1,631	1,411	1,439	1,462	1,779	1,752
Interest on secured borrowings - owed to securitization investors
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	795	1,743	2,549	3,076	3,003	2,994	3,040	3,089	3,167	3,115	2,995	-	-
Interest on subordinated notes
5,472	5,504	5,470	2,806	1,775	1,788	1,773	1,787	1,773	1,786	1,772	1,786	1,772	1,779	1,778	1,777	1,777	1,777	1,776	1,777	1,775	1,776	1,776	354	0	16	40	52	59	66	67	126	169	176	168	194	212	233	265	256	241	333	428
Interest Expense, Junior Subordinated Debentures
2,811	2,890	2,897	3,064	3,150	2,983	2,940	2,836	2,463	2,301	2,640	2,433	2,408	2,530	2,400	2,353	2,220	2,196	2,124	1,977	1,933	1,942	2,091	2,042	2,004	1,925	3,183	3,142	3,119	3,192	3,129	3,138	3,157	3,043	4,437	4,422	4,370	4,441	4,448	4,404	4,375	4,460	4,447
Total interest expense
82,624	87,852	89,775	80,612	71,984	66,508	57,399	45,877	36,123	32,741	31,700	26,772	23,179	24,235	23,513	21,794	20,722	20,281	19,839	18,349	18,466	18,996	19,006	17,370	17,320	18,274	19,386	20,822	21,600	23,867	25,626	27,421	30,591	32,970	36,541	36,739	38,166	41,285	44,421	44,934	46,631	53,914	54,632
Net interest income
261,443	261,879	264,852	266,202	261,986	254,088	247,563	238,170	225,082	219,099	215,988	204,409	192,580	190,778	184,636	175,270	171,509	167,206	165,540	156,892	151,891	153,719	151,670	149,180	144,006	142,308	141,782	135,824	130,713	132,776	132,575	128,270	125,895	124,647	118,410	108,706	109,614	112,677	102,980	104,314	95,865	87,663	72,497
Provision for credit losses
53,000	7,826	10,834	24,580	10,624	10,401	11,042	5,043	8,346	7,772	7,896	8,891	5,209	7,350	9,571	9,129	8,034	9,059	8,322	9,482	6,079	6,133	5,864	6,660	1,880	3,850	11,114	15,382	15,687	19,546	18,799	20,691	17,400	18,817	29,290	29,187	25,344	28,795	25,528	41,297	29,044	91,193	23,663
Net interest income after provision for credit losses
208,482	254,053	254,018	241,622	251,362	243,687	236,521	233,127	216,736	211,327	208,092	195,518	187,371	183,428	175,065	166,141	163,475	158,147	157,218	147,410	145,812	147,586	145,806	142,520	142,126	138,458	130,668	120,442	115,026	113,230	113,776	107,579	108,495	105,830	89,120	79,519	84,270	83,882	77,452	63,017	66,821	-3,530	48,834
Non-interest income
Mortgage banking
48,326	47,860	50,864	37,411	18,158	24,182	42,014	39,834	30,960	27,411	28,184	35,939	21,938	35,489	34,712	36,807	21,735	23,317	27,887	36,007	27,800	24,694	26,691	23,804	16,428	19,296	25,682	31,734	30,145	34,702	31,127	25,607	18,534	18,025	14,469	12,817	11,631	22,686	20,980	7,985	9,727	13,204	22,596
Revenue from contracts with customers
43,655	41,184	40,834	40,065	39,382	38,200	38,722	37,411	38,180	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Losses) gains on investment securities, net
-4,359	-	710	864	1,364	-	90	12	-351	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Marketable Securities, Realized Gain (Loss)
-	-	-	-	-	-	-	-	-	14	39	47	-55	1,575	3,305	1,440	1,325	-79	-98	-24	524	18	-153	-336	-33	-3,328	75	2	251	2,561	409	1,109	816	309	225	1,152	106	159	9,235	46	392	-412	1,540
Gain on sales of commercial premium finance receivables
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,629	196
Fees from covered call options
2,292	1,243	0	643	1,784	626	627	669	1,597	1,610	1,143	890	759	1,476	3,633	4,649	1,712	3,629	2,810	4,565	4,360	2,966	2,107	1,244	1,542	1,856	285	993	1,639	2,156	2,083	3,114	3,123	-	-	-	-	-	-	-	-	-	-
Gain on bargain purchases, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	85	6,633	-55	840	0	27,390	746	9,838	250	6,593	26,494	10,894	113,062	-
Trading gains (losses), net
-451	46	11	-44	-171	-155	-61	124	103	24	-129	-420	-320	1,007	-432	-316	-168	205	-135	160	-477	-507	293	-743	-652	-278	-1,655	3,260	-435	-120	-998	-928	146	216	591	-30	-440	611	210	-1,617	5,961	6,236	8,274
Operating lease income, net
11,984	12,487	12,025	11,733	10,796	10,882	9,132	8,746	9,691	8,598	8,461	6,805	5,782	5,171	4,459	4,005	2,806	1,973	613	77	65	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
18,244	14,025	17,556	14,135	16,901	10,631	16,163	14,080	11,836	12,564	13,585	18,110	12,248	12,991	13,569	11,636	15,616	10,202	8,230	11,278	7,872	5,485	5,271	6,223	6,085	7,320	8,910	7,079	6,158	7,637	6,204	4,701	6,955	-2,867	8,493	7,772	6,205	5,066	5,281	4,964	3,634	4,013	2,780
Total non-interest income
113,242	112,220	115,137	98,158	81,657	75,308	99,930	95,233	85,679	81,038	79,731	89,972	68,765	85,275	86,604	84,799	68,752	65,090	64,953	77,013	64,541	57,657	57,952	54,102	45,529	46,361	54,662	63,995	57,379	65,189	62,945	50,935	47,023	44,912	67,247	36,652	40,887	44,461	54,656	50,436	42,607	150,680	45,452
Non-interest expense
Salaries and employee benefits
136,762	145,941	141,024	133,732	125,723	122,111	123,855	121,675	112,436	118,009	106,251	106,502	99,316	104,735	103,718	100,894	95,811	99,780	97,749	94,421	90,130	87,633	85,976	81,963	79,934	74,049	78,007	79,225	77,513	76,140	75,280	68,139	69,030	66,744	61,863	53,079	56,099	59,031	57,014	50,649	49,072	48,088	46,015
Equipment
14,834	14,485	13,314	12,759	11,770	11,523	10,827	10,527	10,072	9,500	9,947	9,909	9,002	9,532	9,449	9,307	8,767	8,799	8,456	7,855	7,779	7,413	7,570	7,223	7,403	7,260	6,593	6,413	6,184	6,468	5,888	5,466	5,400	5,093	4,501	4,409	4,264	4,384	4,203	4,046	3,896	4,069	4,015
Operating lease equipment depreciation
9,260	9,766	8,907	8,768	8,319	8,462	7,370	6,940	6,533	7,015	6,794	5,662	4,636	4,219	3,605	3,385	2,050	1,202	431	59	57	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Occupancy, net
17,547	17,132	14,991	15,921	16,245	15,980	14,404	13,663	13,767	14,154	13,079	12,586	13,101	14,254	12,767	11,943	11,948	13,062	12,066	11,401	12,351	11,600	10,446	9,850	10,993	9,994	9,079	8,707	8,853	8,480	8,024	7,728	8,062	7,975	7,512	6,772	6,505	5,927	6,254	6,033	6,230	5,884	5,608
Data processing
8,373	7,569	6,522	6,204	7,525	8,447	9,335	8,752	8,493	7,915	7,851	7,804	7,925	7,687	7,432	7,138	6,519	7,284	8,127	6,081	5,448	5,313	4,765	4,543	4,715	4,831	4,884	4,358	4,599	4,178	4,103	3,840	3,618	4,062	3,836	3,147	3,523	4,388	3,891	3,669	3,407	3,226	3,216
Advertising and marketing
10,862	12,517	13,375	12,845	9,858	9,414	11,120	11,782	8,824	7,382	9,572	8,726	5,150	6,691	7,365	6,941	3,779	5,374	6,237	6,406	3,907	3,669	3,528	3,558	2,816	3,517	2,772	2,722	2,040	2,725	2,528	2,179	2,006	3,207	2,119	1,440	1,614	1,881	1,650	1,470	1,314	1,488	1,420
Professional fees
6,721	7,650	8,037	6,228	5,556	9,259	9,914	6,484	6,649	8,879	6,786	7,510	4,660	5,425	5,508	5,419	4,059	4,387	4,100	5,074	4,664	4,039	4,035	4,046	3,454	4,132	3,378	4,191	3,221	3,158	4,653	3,847	3,604	3,710	5,085	4,533	3,546	4,775	4,555	3,957	3,107	4,089	2,871
Amortization of Intangible Assets
2,900	3,015	2,928	2,957	2,900	1,436	1,163	997	1,004	1,027	1,068	1,141	1,164	1,158	1,085	1,248	1,298	1,324	1,350	934	1,013	1,171	1,202	1,156	1,163	1,189	1,154	1,164	1,120	1,108	1,078	1,089	1,049	1,062	970	704	689	719	701	674	645	677	676
FDIC insurance
4,135	1,348	148	4,127	3,576	4,044	4,205	4,598	4,362	4,324	3,877	3,874	4,156	4,726	3,686	4,040	3,613	3,317	3,035	3,047	2,987	2,810	3,211	3,196	2,951	3,036	3,245	3,003	3,444	3,039	3,549	3,477	3,357	3,244	3,100	3,281	4,518	4,572	4,642	5,005	3,809	4,334	9,121
OREO expense, net
876	-	-	-	-632	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
OREO expenses, net
-	-	1,170	1,290	-	1,618	596	980	2,926	599	590	739	1,665	1,843	1,436	1,348	560	1,864	367	841	1,411	2,320	581	2,490	3,976	2,671	2,499	2,284	-1,620	5,269	3,808	5,848	7,178	8,821	5,134	6,577	5,808	7,384	4,767	5,843	1,337	10,243	1,072
Other
24,160	29,630	24,138	24,776	22,228	19,068	20,848	20,371	19,283	17,775	17,760	19,091	17,343	20,101	20,564	19,306	15,326	19,703	18,790	18,178	17,571	17,331	17,186	15,566	13,910	16,318	15,637	16,120	14,765	18,983	15,637	15,572	14,455	14,850	12,201	13,264	11,543	13,140	12,046	11,317	11,121	10,465	10,231
Total non-interest expense
234,641	249,591	234,554	229,607	214,374	211,333	213,637	206,769	194,349	196,580	183,575	183,544	168,118	180,371	176,615	170,969	153,730	166,830	159,974	154,297	147,318	143,441	138,500	133,591	131,315	126,997	127,248	128,187	120,119	129,548	124,548	117,185	117,759	118,768	106,321	97,206	98,109	106,201	99,723	92,663	83,938	92,563	84,245
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest
87,083	116,682	134,601	110,173	118,645	107,662	122,814	121,591	108,066	95,785	104,248	101,946	88,018	88,332	85,054	79,971	78,497	56,407	62,197	70,126	63,035	61,802	65,258	63,031	56,340	57,822	58,082	56,250	52,286	48,871	52,173	41,329	37,759	31,974	50,046	18,965	27,048	22,142	32,385	20,790	25,490	54,587	10,041
Income Tax Expense (Benefit)
24,271	30,718	35,480	28,707	29,499	28,005	30,866	32,011	26,085	27,004	38,622	37,049	29,640	33,724	31,939	29,930	29,386	20,896	23,842	26,295	23,983	23,669	25,034	24,490	21,840	22,534	22,519	21,943	20,234	18,782	19,871	15,734	14,549	12,753	19,844	7,215	10,646	7,937	12,287	7,781	9,473	22,592	3,492
Net Income (Loss) Attributable to Parent
62,812	85,964	99,121	81,466	89,146	79,657	91,948	89,580	81,981	68,781	65,626	64,897	58,378	54,608	53,115	50,041	49,111	35,511	38,355	43,831	39,052	38,133	40,224	38,541	34,500	35,288	35,563	34,307	32,052	30,089	32,302	25,595	23,210	19,221	30,202	11,750	16,402	14,205	20,098	13,009	16,017	31,995	6,549
Preferred stock dividends
2,050	2,050	2,050	2,050	2,050	2,050	2,050	2,050	2,050	2,050	2,050	2,050	3,628	3,629	3,628	3,628	3,628	3,629	4,079	1,580	1,581	1,580	1,581	1,581	1,581	1,581	1,581	2,617	2,616	2,587	2,616	2,644	1,246	1,032	1,032	1,033	1,031	4,814	4,943	4,943	4,943	4,668	5,000
Net income applicable to common shares
60,762	83,914	97,071	79,416	87,096	77,607	89,898	87,530	79,931	66,731	63,576	62,847	54,750	50,979	49,487	46,413	45,483	31,882	34,276	42,251	37,471	36,553	38,643	36,960	32,919	33,707	33,982	31,690	29,436	27,502	29,686	22,951	21,964	18,189	29,170	10,717	15,371	-1,970	15,155	8,066	11,074	27,327	1,549
Net income per common share-Basic (usd per share)
1.05	1.46	1.71	1.40	1.54	1.39	1.59	1.55	1.42	1.19	1.14	1.15	1.05	0.99	0.96	0.94	0.94	0.66	0.71	0.89	0.79	0.79	0.83	0.79	0.71	0.82	0.86	0.85	0.80	0.75	0.82	0.63	0.61	0.00	0.82	0.31	0.44	-0.10	0.49	0.26	0.43	1.14	0.06
Net income per common share-Diluted (usd per share)
1.04	1.44	1.69	1.38	1.52	1.36	1.57	1.53	1.40	1.17	1.12	1.11	1.00	0.94	0.92	0.90	0.90	0.63	0.69	0.85	0.76	0.75	0.79	0.76	0.68	0.70	0.71	0.69	0.65	0.63	0.66	0.52	0.50	0.00	0.65	0.25	0.36	-0.11	0.47	0.25	0.41	1.07	0.06
Cash dividends declared per common share (usd per share)
0.28	0.25	0.25	0.25	0.25	0.19	0.19	0.19	0.19	0.14	0.14	0.14	0.14	0.12	0.12	0.12	0.12	0.11	0.11	0.11	0.11	0.10	0.10	0.10	0.10	0.00	0.09	0.00	0.09	0.00	0.09	0.00	0.09	0.00	0.09	0.00	0.09	0.00	0.09	0.00	0.09	0.09	-
Weighted average common shares outstanding (in shares)
57,620	57,547	56,690	56,662	56,529	56,398	56,366	56,299	56,137	55,974	55,796	54,775	52,267	51,845	51,679	49,140	48,448	48,388	48,158	47,567	47,239	46,742	46,639	46,520	46,195	41,003	39,331	37,486	36,976	36,543	36,381	36,329	36,207	35,971	35,550	34,971	34,928	63,137	31,117	31	25,942	24,052	23,964
Dilutive potential common shares (in shares)
575	877	773	699	699	898	918	928	888	994	966	1,812	4,160	4,144	4,047	3,965	3,820	3,958	4,049	4,156	4,233	4,132	4,241	4,402	4,509	9,356	10,823	12,354	12,463	19,081	12,295	7,770	7,530	7,761	10,551	8,438	7,794	3,923	988	1	1,139	2,493	300
Average common shares and dilutive common shares (in shares)
58,195	58,424	57,463	57,361	57,228	57,296	57,284	57,227	57,025	56,968	56,762	56,587	56,427	55,989	55,726	53,105	52,268	52,346	52,207	51,723	51,472	50,874	50,880	50,922	50,704	50,359	50,154	49,840	49,439	55,624	48,676	44,099	43,737	43,732	46,101	43,409	42,722	67,061	32,105	32	27,081	26,545	24,264
Wealth management
Revenue from contracts with customers
25,941	24,999	23,999	24,139	23,977	22,726	22,634	22,617	22,986	21,910	19,803	19,905	20,148	19,512	19,334	18,852	18,320	18,633	18,243	18,476	18,100	18,649	17,659	18,222	16,813	16,265	16,057	15,892	14,828	13,634	13,252	13,393	12,401	11,686	11,994	10,601	10,236	10,108	8,973	9,193	8,667	7,501	6,883
Net Income (Loss) Attributable to Parent
6,090	-	-	-	6,972	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Service charges on deposit accounts
Revenue from contracts with customers
11,265	-	-	-	8,848	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Revenue from contracts with customers
-	-	9,972	9,277	-	9,065	9,331	9,151	8,857	-	-	8,696	8,265	8,054	8,024	7,726	7,406	7,210	7,403	6,474	6,297	6,189	6,084	5,688	5,346	5,230	5,308	5,035	4,793	4,534	4,235	3,994	4,208	3,973	4,085	3,594	3,311	3,346	3,384	3,371	3,332	3,447	3,183