WINTRUST FINANCIAL CORP WTFCM Income Statement

Wintrust financial corp (WTFCM)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09	Dec'08
Interest income
Interest and fees on loans
1,228,480	1,044,502	856,549	726,048	651,831	613,024	588,435	583,872	552,938	547,896	465,777	443,849
Mortgage loans held-for-sale
11,992	15,738	12,332	14,953	-	-	-	-	-	-	-	-
Interest bearing deposits with banks
29,803	17,090	9,252	4,236	1,486	1,472	1,644	1,552	3,419	5,170	3,574	340
Federal funds sold and securities purchased under resale agreements
700	1	2	4	4	25	27	38	116	157	271	1,333
Investment securities
108,046	87,382	63,315	62,038	61,006	52,951	37,025	38,134	46,219	36,904	55,649	66,438
Trading account securities
39	43	25	75	108	79	25	28	44	394	106	102
Federal Home Loan Bank and Federal Reserve Bank stock
5,416	5,331	4,370	4,287	3,232	2,920	2,773	2,550	2,297	1,931	1,722	1,663
Brokerage customer receivables
666	723	623	816	797	796	780	847	760	655	515	998
Total interest income
1,385,142	1,170,810	946,468	812,457	718,464	671,267	630,709	627,021	605,793	593,107	527,614	514,723
Interest expense
Interest Expense, Deposits
278,892	166,553	83,326	58,409	48,863	48,411	53,191	68,305	87,938	123,779	171,259	219,437
Interest on Federal Home Loan Bank advances
9,878	12,412	8,798	10,886	9,110	10,523	11,014	12,103	16,320	16,520	18,002	18,266
Interest on other borrowings
13,897	8,599	5,370	4,355	3,627	1,773	4,341	14,053	11,023	5,943	7,064	10,718
Interest on secured borrowings - owed to securitization investors
-	-	-	-	-	-	-	-	12,113	12,366	-	-
Interest on subordinated notes
15,555	7,121	7,116	7,111	7,105	3,906	167	428	750	995	1,627	3,486
Interest Expense, Junior Subordinated Debentures
12,001	11,222	9,782	9,503	8,230	8,079	11,369	12,616	16,272	17,668	17,786	18,249
Total interest expense
330,223	205,907	114,392	90,264	76,935	72,692	80,082	107,505	144,416	177,271	215,738	270,156
Net interest income
1,054,919	964,903	832,076	722,193	641,529	598,575	550,627	519,516	461,377	415,836	311,876	244,567
Provision for credit losses
53,864	34,832	29,768	34,084	32,942	20,537	46,033	76,436	102,638	124,664	167,932	57,441
Net interest income after provision for credit losses
1,001,055	930,071	802,308	688,109	608,587	578,038	504,594	443,080	358,739	291,172	143,944	187,126
Non-interest income
Mortgage banking
154,293	136,990	113,472	128,743	115,011	91,617	106,857	109,970	56,942	61,378	68,527	21,258
Revenue from contracts with customers
161,465	152,513	138,994	-	-	-	-	-	-	-	-	-
Marketable Securities, Realized Gain (Loss)
3,525	-2,898	45	7,645	323	-504	-3,000	4,895	1,792	9,832	-268	-4,171
Gain on sales of commercial premium finance receivables
-	-	-	-	-	-	-	-	-	-	8,576	2,524
Fees from covered call options
3,670	3,519	4,402	11,470	15,364	7,859	4,773	10,476	13,570	2,235	1,998	29,024
Gain on bargain purchases, net
-	-	-	-	-	-	-	7,503	37,974	44,231	156,013	-
Trading gains (losses), net
-158	11	-845	91	-247	-1,609	892	-1,900	337	5,165	26,788	-134
Operating lease income, net
47,041	38,451	29,646	16,441	2,728	163	0	-	-	-	-	-
Other
62,617	52,710	56,507	53,812	37,582	23,064	29,467	25,497	19,603	18,945	14,619	11,496
Total non-interest income
407,172	356,150	319,506	325,430	271,597	215,240	222,397	226,092	189,698	192,160	317,647	99,678
Non-interest expense
Salaries and employee benefits
546,420	480,077	430,078	405,158	382,080	335,506	308,794	288,589	237,785	215,766	186,878	145,087
Equipment
52,328	42,949	38,358	37,055	32,889	29,609	26,450	23,222	18,267	16,529	16,119	16,215
Operating lease equipment depreciation
35,760	29,305	24,107	13,259	1,749	142	-	-	-	-	-	-
Equipment on operating lease
-	-	-	-	-	-	0	-	-	-	-	-
Occupancy, net
64,289	57,814	52,920	50,912	48,880	42,889	36,633	32,294	28,764	24,444	23,806	22,918
Data processing
27,820	35,027	31,495	28,776	26,940	19,336	18,672	15,739	14,568	15,355	12,982	11,573
Advertising and marketing
48,595	41,140	30,830	24,776	21,924	13,571	11,051	9,438	8,380	6,315	5,369	5,351
Professional fees
27,471	32,306	27,835	20,411	18,225	15,574	14,922	15,262	16,874	16,394	13,399	8,824
Amortization of Intangible Assets
11,800	4,600	4,400	4,789	4,621	4,692	4,627	4,324	3,425	2,739	2,784	3,129
FDIC insurance
9,199	17,209	16,231	16,065	12,386	12,168	12,728	13,422	14,143	18,028	21,199	5,600
OREO expenses, net
3,628	6,120	3,593	5,187	4,483	9,367	5,834	22,103	26,340	19,331	18,963	2,023
Other
100,772	79,570	71,969	75,297	74,242	63,993	62,840	64,647	51,858	47,624	42,588	35,443
Total non-interest expense
928,126	826,088	731,817	681,685	628,419	546,847	502,551	489,040	420,404	382,525	344,087	256,163
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest
480,101	460,133	389,997	331,854	251,765	246,431	224,440	180,132	128,033	100,807	117,504	30,641
Income Tax Expense (Benefit)
124,404	116,967	132,315	124,979	95,016	95,033	87,230	68,936	50,458	37,478	44,435	10,153
Net Income (Loss) Attributable to Parent
355,697	343,166	257,682	206,875	156,749	151,398	137,210	111,196	77,575	63,329	73,069	20,488
Preferred stock dividends
8,200	8,200	9,778	14,513	10,869	6,323	8,395	9,093	4,128	19,643	19,556	2,076
Non-cash deemed preferred stock dividend
-	-	-	-	-	-	-	-	-	11,361	-	-
Net income applicable to common shares
347,497	334,966	247,904	192,362	145,880	145,075	128,815	102,103	73,447	32,325	53,513	18,412
Net income per common share-Basic (usd per share)
6.11	5.95	4.53	3.83	3.05	3.12	3.33	2.81	2.08	1.08	2.23	0.78
Net income per common share-Diluted (usd per share)
6.03	5.86	4.40	3.66	2.93	2.98	2.75	2.31	1.67	1.02	2.18	0.76
Cash dividends declared per common share (usd per share)
1.00	0.76	0.56	0.48	0.44	0.40	0.18	0.18	0.18	0.18	0.27	0.36
Weighted average common shares outstanding (in shares)
56,857	56,300	54,703	50,278	47,838	46,524	38,699	36,365	35,355	30,057	24,010	23,624
Dilutive potential common shares (in shares)
762	908	1,983	3,994	4,099	4,321	11,249	11,669	8,636	1,513	2,335	507
Average common shares and dilutive common shares (in shares)
57,619	57,208	56,686	54,272	51,937	50,845	49,948	48,034	43,991	31,570	26,345	24,131
Wealth management
Revenue from contracts with customers
97,114	90,963	81,766	76,018	73,452	71,343	63,042	52,680	44,517	36,941	28,357	29,385
Service charges on deposit accounts
Revenue from contracts with customers
39,070	36,404	34,513	31,210	27,384	23,307	20,366	16,971	14,963	13,433	13,037	10,296