Wintrust Financial Corp. (WTFC) has reported a decline in its second-quarter earnings compared to the same period last year and has failed to meet Wall Street expectations.
The company's net income for the quarter was $152.4 million, or $2.32 per share, down from $154.75 million, or $2.38 per share, in the previous year's second quarter.
Analysts had anticipated higher earnings of $2.42 per share on average, according to estimates gathered by Thomson Reuters. These estimates typically exclude special items.
On a positive note, Wintrust Financial's quarterly revenue increased by 5.6%, reaching $591.75 million, up from $560.56 million in the same quarter last year.
Summary of Wintrust Financial Corp. Earnings (GAAP):
- Earnings (Q2): $152.4 million vs. $154.75 million last year.
- EPS (Q2): $2.32 vs. $2.38 last year.
- Revenue (Q2): $591.75 million vs. $560.56 million last year.
