Wintrust Financial (WTFC) reports Monday: what to expect from the quarter

what happened

Regional bank Wintrust Financial is set to publish quarterly results after the market close on Monday, according to StockStory. Last quarter revenue reached 739.5 million dollars, up 9.9% from a year earlier. The company came in slightly below expectations for net interest income but narrowly beat estimates for earnings per share.

The consensus points to revenue rising 8.3% year on year, a noticeably slower pace than the 13.3% gain in the same quarter last year. Over the past 30 days analysts have mostly kept their estimates unchanged. Wintrust has also missed Wall Street revenue forecasts several times over the last two years.

Peers have already reported. Independent Bank posted revenue growth of 7.4%, beating expectations by 0.6%, while Regions Financial rose 2.6%, also ahead of estimates by 0.6%. Independent Bank shares gained 3.6% after its results. Wintrust stock fell 2.3% over the last month, and the average analyst price target of 176.13 dollars compares with a share price of 144.09 dollars.

why it matters

Regional bank results give a read on the whole segment, so investors will watch net interest income trends and the quality of revenue. The group's average 5.1% decline over the past month makes these quarterly figures a useful test of sentiment toward mid-sized banks.

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