Wintrust Financial Q3 Profit Tops Street View

(RTTNews) - Wintrust Financial Corp. (WTFC) Wednesday reported third-quarter net income of $99.1 million or $1.69 per share, up from $91.9 million or $1.57 per share last year.

Net revenues for the quarter rose to $380 million from $347.5 million last year.

Analysts polled by Thomson Reuters estimated earnings of $1.62 per share and revenues of $374.28 million.

CEO Edward Wehmer said, "The third quarter was characterized by strong balance sheet growth, decreased net interest margin, increased mortgage banking revenue, improved credit quality, and a continued focus to increase franchise value in our market area."