WTFC Nasdaq Russell 1000 Earnings call
Wintrust Financial (WTFC) · Q2 2026 results and valuation
Share price: $154.97 · 2026-11-11
Results Q2 2026 vs Q1 2026 · previous quarter · published 21 Jul 2026 and 21 Apr 2026
Net income up 2.8% on the previous quarter. Management sounded about as positive as a typical company call, in its script and in answers to analysts.
Only a basic analysis is available for this company at the moment.
1 · Numbers
+2.8%
Net income vs Q1 2026
Outlook given
Net income 233.7M vs 227.4M
Revenue +3.6%
2 · How management spoke
Typical
More upbeat than 61% of company calls
Answers to analysts: upbeat, in line with the script.
Similar to last call.
3 · What stood out
Key theme
Net interest income still improved by $18.3 million from last quarter despite the four basis point decline.
Valuation
Is Wintrust Financial undervalued?
Reverse DCF on net income from the last full fiscal year (no meaningful free cash flow: a bank, insurer or a year of negative cash flow) (2025-12-31), grown for 10 years, discounted back, plus a terminal value. “Implied growth” is the rate the current price assumes.
At 6.9% growth a year (3-year revenue growth), the model's fair value is $215.51 a share — the stock trades 28% below it. Today's price assumes 2.3% growth a year.
Current price
$154.97
close of 2026-11-11
Market implies growth of iThe yearly free-cash-flow growth, for the next 10 years, that today’s share price already assumes. If you believe the company grows faster than this, the stock is cheap under this model; slower, and it is expensive.
+2.3% for 10 yrs
Fair value / share
$215.51
Buy below
$161.63
Price vs fair value
Undervalued 28%
Price vs buy-below price
Undervalued 4%
Read between the lines
-
Guidance
The company expects expenses to remain well managed, solid credit performance, and an increase in CET1 and other capital ratios in the coming quarters.
Source quote
“Finally, we expect expenses to remain well managed, solid credit performance, and an increase in CET1 and our other capital ratios in the coming quarters.”
-
Figure
Year-to-date net income reached $461 million, a 20% increase from the same period last year.
Source quote
“Year-to-date net income was $461 million, up 20% from the same period last year.”
Tone
How upbeat the language was, compared with other companiesiTone counts positive minus negative finance words, adjusted for length. Executives mostly speak positively, so the labels compare each call with every company's latest call: “typical” is the middle third, “very upbeat” the top tenth, “cautious” the bottom tenth.. Dot: Q2 2026. Ring: Q1 2026.
Script and answers carried a similar tone, so the script's message held up under questioning.
Sentences that drove the tone
“If you have mid to high single-digit loan and deposit growth, we think we grow NII mid to high single-digits.”
“As detailed on slide seven of the investor presentation, the loan growth during the second quarter was strong and broad-based, with total portfolio growth of $1.6 billion or 12% annualized.”
“Specifically, deposit growth was approximately $2.2 billion of growth during the quarter, representing a 15% increase over the prior quarter on an annualized basis.”
Full figures
USD · ROIC.AI fundamentals (NASDAQ:WTFC, period end 2026-06-30)
| Metric | Q2 2026period end 2026-06-30 | Q1 2026period end 2026-03-31 | Change | Q2 2025 | YoY |
|---|---|---|---|---|---|
| Revenue | 738.6M | 713.2M | +3.6% | 670.8M | +10.1% |
| Net income | 233.7M | 227.4M | +2.8% | 195.5M | +19.5% |
| EPS | 3.34 | 3.26 | +2.6% | 2.82 | +18.6% |
| P/E today 11.7 | 12.9 | 11.6 | +1.3 | 11.7 | +1.2 |
Topics
Most discussed now
- As a reminder, Wintrust Financial is focused on three key strategic priorities to drive financial results and build shareholder value…
- New The roughly $7 million increase was primarily the result of a $4 million improvement in mortgage banking revenue, as the...
- New Another contributing factor to the increase in this category is that the company recorded approximately $2 million of higher BOLI...
- Wintrust Financial currently expect mortgage revenues to fall back into the low $20 million range as the home buying...
- New Where Wintrust Financial lands will depend on whether the competitive pricing pressures that Dave mentioned continue and to what degree.
Faded since Q1 2026
- Dropped Wintrust Financial hopes you find the format helpful and informative as it continues to try to provide clear information that highlights...
- Dropped It is possible the economy keeps plugging along and Wintrust Financial does better than expected, but it has consistently thought the...
- Fading The benefit to net interest income from an increase of $555 million in average earning asset growth and a 2...
- Fading It will continue to move around a little bit, but Wintrust Financial had a very nice quarter-end and continue to build...
Latest announcements
Official filings, newest first.
- Results of operations · SEC 8-K
- Shareholder vote results · SEC 8-K
- Results of operations · SEC 8-K
- Results of operations · SEC 8-K
- Material agreement; New financial obligation · SEC 8-K
- Material agreement; New financial obligation · SEC 8-K
- Results of operations · SEC 8-K
- Director or officer change · SEC 8-K