Recent News
On December 4, 2025 Wintrust executed amendments to its Amended and Restated Credit Agreement that extended the revolving credit maturity and added customary outbound investment provisions. On December 15, 2025 an indirect subsidiary extended its receivables purchase facility, lowering the commitment cap to $580 million and pushing the maturity to December 15, 2026. On January 22, 2026 the Board approved a 10% increase to the quarterly common dividend to $0.55 per share, payable February 19, 2026 to holders of record as of February 5, 2026. An insider sale of 558 shares by the vice chair reported January 30, 2026 also appeared in filings.
Technical Analysis
The ADX registers 33.16, indicating a strong directional regime; DI+ at 14.75 declines while DI‑ at 33.58 increases, a directional combination that signals prevailing downside pressure and reinforces a bearish price bias versus valuation support.
MACD sits at -3.88 with the signal line at -1.83 and the MACD trend decreasing; negative and falling MACD below its signal line confirms bearish momentum and elevates the probability of further short-term selling pressure absent a momentum reversal.
MRO reads -27.31 with a dip-and-reversal pattern, meaning price sits below the model target and carries upward potential toward that target; this suggests technical overshoot on the downside and creates a countervailing force against the prevailing momentum indicators.
RSI at 47.18 and trending lower shows limited downside room without reaching deeply oversold levels; the indicator supports a near-term neutral-to-negative bias rather than a sharp capitulation or sustained breakout.
Price structure shows the close at $130.21 below the 26‑day EMA ($143.72), 20‑day average ($141.69) and 50‑day average ($147.48), while the 200‑day average sits at $134.47. Bollinger bands place the one‑sigma lower band near $133.89, so current pricing trades near the lower envelope and within a broader down‑sloping trading band—technical context consistent with consolidation under longer moving averages and potential range‑bound action unless momentum indicators reverse.
Fundamental Analysis
Earnings: EPS came in at $3.15 versus an estimate of $2.93, producing an EPS surprise of +7.51%. Net income for the period equals $223,024,000. Despite the beat, reported earnings growth shows quarterly and annual contractions: earnings growth QoQ fell by 65.45% and YoY declined by 54.60%, reflecting period-to-period variability in profitability dynamics.
Profitability and cash flow: Return on equity equals 3.26% and return on assets equals 0.317%, with return on assets improving YoY by 10.07%. Operating cash flow stands at $251,659,000 and free cash flow equals $228,629,000, yielding a free cash flow yield of 2.47%. Cash on hand totals $3,648,427,000, and beginning-to-end period cash flow declined by $97,531,000.
Balance sheet and leverage: Total assets reached $71,142,046,000 with total equity at $6,833,715,000. Debt-to-assets equals 6.30% (debt-to-assets QoQ +2.406% and YoY -3.567%), and debt-to-equity equals 65.58% (down YoY by 8.211%). Asset growth clocked 2.17% while asset-to-equity measures at 10.41x, supporting credit capacity for ongoing lending and funding activities.
Valuation multiples and peer context: P/E equals 43.85, roughly in line with the industry peer mean of 44.29; P/B equals 1.35, slightly above the industry peer mean of 1.29; PEG stands at 14.91 versus an industry peer mean near 0.37, reflecting elevated forward growth expectations embedded in price. Free cash flow yield of 2.47% sits above the industry peer mean of 2.20%. WMDST values the stock as fair-valued, with enterprise value near $13.73 billion and market cap about $9.25 billion.
Growth metrics: Total revenue rose YoY by 8.15% while revenue growth QoQ registered flat; forward revenue guidance sits at $179,811,046. Asset turnover equals 0.01015, aligned with the industry peer mean of 0.01025. Dividend metrics show a payout ratio of 18.77% and dividend yield approximately 0.45% after the quarterly increase, supported by a dividend coverage ratio of 5.33.
In aggregate, fundamentals display solid cash generation and an improving deposit footprint, but earnings-growth volatility and stretched multiples versus some peer benchmarks warrant caution; the dividend increase and credit amendments strengthen liquidity and capital flexibility while leaving WMDST’s fair-valued assessment intact.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-12-31 |
| REPORT DATE: | 2026-01-20 |
| NEXT REPORT DATE: | 2026-04-21 |
| CASH FLOW | Begin Period Cash Flow | $ 565.5 M |
| Operating Cash Flow | $ 251.7 M | |
| Capital Expenditures | $ -23.03 M | |
| Change In Working Capital | $ -50.01 M | |
| Dividends Paid | $ -41.85 M | |
| Cash Flow Delta | $ -97.53 M | |
| End Period Cash Flow | $ 467.9 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 714.3 M | |
| Forward Revenue | $ 179.8 M | |
| COSTS | ||
| Cost Of Revenue | — | |
| Depreciation | $ 24.9 M | |
| Depreciation and Amortization | $ 29.9 M | |
| Research and Development | — | |
| Total Operating Expenses | — | |
| PROFITABILITY | ||
| Gross Profit | — | |
| EBITDA | — | |
| EBIT | — | |
| Operating Income | — | |
| Interest Income | $ 956.3 M | |
| Interest Expense | $ 372.5 M | |
| Net Interest Income | $ 583.9 M | |
| Income Before Tax | $ 302.2 M | |
| Tax Provision | $ 79.2 M | |
| Tax Rate | 26.205 % | |
| Net Income | $ 223.0 M | |
| Net Income From Continuing Operations | $ 223.0 M | |
| EARNINGS | ||
| EPS Estimate | $ 2.93 | |
| EPS Actual | $ 3.15 | |
| EPS Difference | $ 0.22 | |
| EPS Surprise | 7.509 % | |
| Forward EPS | $ 3.35 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 71.1 B | |
| Intangible Assets | $ 896.0 M | |
| Net Tangible Assets | $ 6.4 B | |
| Total Current Assets | — | |
| Cash and Short-Term Investments | — | |
| Cash | $ 3.6 B | |
| Net Receivables | — | |
| Inventory | — | |
| Long-Term Investments | — | |
| LIABILITIES | ||
| Accounts Payable | — | |
| Short-Term Debt | — | |
| Total Current Liabilities | — | |
| Net Debt | $ 833.0 M | |
| Total Debt | $ 4.5 B | |
| Total Liabilities | $ 63.9 B | |
| EQUITY | ||
| Total Equity | $ 6.8 B | |
| Retained Earnings | $ 4.5 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 102.03 | |
| Shares Outstanding | 66.975 M | |
| Revenue Per-Share | $ 10.67 | |
| VALUATION | Market Capitalization | $ 9.3 B |
| Enterprise Value | $ 13.7 B | |
| Enterprise Multiple | — | |
| Enterprise Multiple QoQ | — | |
| Enterprise Multiple YoY | — | |
| Enterprise Multiple IPRWA | — | |
| EV/R | 19.225 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 10.41 | |
| Asset To Liability | 1.114 | |
| Debt To Capital | 0.396 | |
| Debt To Assets | 0.063 | |
| Debt To Assets QoQ | 2.406 % | |
| Debt To Assets YoY | -3.567 % | |
| Debt To Assets IPRWA | high: 0.094 WTFC: 0.063 median: 0.052 mean: 0.048 low: -0.0 |
|
| Debt To Equity | 0.656 | |
| Debt To Equity QoQ | 1.379 % | |
| Debt To Equity YoY | -8.211 % | |
| Debt To Equity IPRWA | high: 1.415 WTFC: 0.656 median: 0.466 mean: 0.465 low: -0.002 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 1.354 | |
| Price To Book QoQ | 2.832 % | |
| Price To Book YoY | -3.39 % | |
| Price To Book IPRWA | high: 2.361 WTFC: 1.354 mean: 1.292 median: 1.218 low: 0.013 |
|
| Price To Earnings (P/E) | 43.853 | |
| Price To Earnings QoQ | 3.087 % | |
| Price To Earnings YoY | -7.738 % | |
| Price To Earnings IPRWA | high: 73.773 mean: 44.286 WTFC: 43.853 median: 38.631 low: 30.108 |
|
| PE/G Ratio | 14.911 | |
| Price To Sales (P/S) | 12.952 | |
| Price To Sales QoQ | 3.69 % | |
| Price To Sales YoY | -0.484 % | |
| Price To Sales IPRWA | high: 28.081 mean: 13.816 WTFC: 12.952 median: 12.895 low: 0.123 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 40.975 | |
| Forward PE/G | 13.932 | |
| Forward P/S | 51.452 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | — | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.01 | |
| Asset Turnover Ratio QoQ | 0.794 % | |
| Asset Turnover Ratio YoY | 2.216 % | |
| Asset Turnover Ratio IPRWA | high: 0.015 mean: 0.01 median: 0.01 WTFC: 0.01 low: 0.006 |
|
| Receivables Turnover | — | |
| Receivables Turnover Ratio QoQ | — | |
| Receivables Turnover Ratio YoY | — | |
| Receivables Turnover Ratio IPRWA | — | |
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | — | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | — | |
| Cash Conversion Cycle Days QoQ | — | |
| Cash Conversion Cycle Days YoY | — | |
| Cash Conversion Cycle Days IPRWA | — | |
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | — | |
| CapEx To Revenue | -0.032 | |
| CapEx To Depreciation | -0.926 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 11.7 B | |
| Net Invested Capital | $ 11.3 B | |
| Invested Capital | $ 11.3 B | |
| Net Tangible Assets | $ 6.4 B | |
| Net Working Capital | — | |
| LIQUIDITY | ||
| Cash Ratio | — | |
| Current Ratio | — | |
| Current Ratio QoQ | — | |
| Current Ratio YoY | — | |
| Current Ratio IPRWA | — | |
| Quick Ratio | — | |
| Quick Ratio QoQ | — | |
| Quick Ratio YoY | — | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | — | |
| Cost Of Debt | 6.728 % | |
| Interest Coverage Ratio | — | |
| Interest Coverage Ratio QoQ | — | |
| Interest Coverage Ratio YoY | — | |
| Interest Coverage Ratio IPRWA | — | |
| Operating Cash Flow Ratio | — | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | — | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 5.329 | |
| Dividend Payout Ratio | 0.188 | |
| Dividend Rate | $ 0.62 | |
| Dividend Yield | 0.005 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 2.172 % | |
| Revenue Growth | 4.033 % | |
| Revenue Growth QoQ | 0.0 % | |
| Revenue Growth YoY | 8.152 % | |
| Revenue Growth IPRWA | high: 23.369 % WTFC: 4.033 % mean: 3.417 % median: 1.779 % low: -10.947 % |
|
| Earnings Growth | 2.941 % | |
| Earnings Growth QoQ | -65.445 % | |
| Earnings Growth YoY | -54.6 % | |
| Earnings Growth IPRWA | high: 44.444 % mean: 3.231 % WTFC: 2.941 % median: -2.198 % low: -25.0 % |
|
| MARGINS | ||
| Gross Margin | — | |
| Gross Margin QoQ | — | |
| Gross Margin YoY | — | |
| Gross Margin IPRWA | — | |
| EBIT Margin | — | |
| EBIT Margin QoQ | — | |
| EBIT Margin YoY | — | |
| EBIT Margin IPRWA | — | |
| Return On Sales (ROS) | — | |
| Return On Sales QoQ | — | |
| Return On Sales YoY | — | |
| Return On Sales IPRWA | — | |
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 228.6 M | |
| Free Cash Flow Yield | 2.471 % | |
| Free Cash Flow Yield QoQ | 11.861 % | |
| Free Cash Flow Yield YoY | -56.412 % | |
| Free Cash Flow Yield IPRWA | high: 6.244 % WTFC: 2.471 % median: 2.306 % mean: 2.198 % low: -1.861 % |
|
| Free Cash Growth | 18.726 % | |
| Free Cash Growth QoQ | -147.147 % | |
| Free Cash Growth YoY | -102.669 % | |
| Free Cash Growth IPRWA | high: 176.765 % WTFC: 18.726 % mean: -0.284 % median: -9.484 % low: -221.241 % |
|
| Free Cash To Net Income | 1.025 | |
| Cash Flow Margin | 35.404 % | |
| Cash Flow To Earnings | 1.134 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 0.317 % | |
| Return On Assets QoQ | 1.603 % | |
| Return On Assets YoY | 10.069 % | |
| Return On Assets IPRWA | high: 0.645 % WTFC: 0.317 % median: 0.311 % mean: 0.31 % low: 0.027 % |
|
| Return On Capital Employed (ROCE) | — | |
| Return On Equity (ROE) | 0.033 | |
| Return On Equity QoQ | -0.061 % | |
| Return On Equity YoY | 4.448 % | |
| Return On Equity IPRWA | high: 0.047 WTFC: 0.033 mean: 0.028 median: 0.028 low: 0.003 |
|
| DuPont ROE | 3.316 % | |
| Return On Invested Capital (ROIC) | — | |
| Return On Invested Capital QoQ | — | |
| Return On Invested Capital YoY | — | |
| Return On Invested Capital IPRWA | — | |