FX.co ★ Wintrust Financial Corp. Reveals Increase In Q1 Profit, Beats estimates

In its first quarter, Wintrust Financial Corp. (WTFC) reported an increase in profit compared to the same period last year, surpassing Street's predictions.

The corporation's earnings amounted to $187.3 million, equating to $2.89 per share. This marks an increase from the previous year's first quarter, which reported $180.2 million or $2.80 per share.

Analysts, on average, had anticipated that the company would earn $2.42 per share, based on data gathered by Thomson Reuters. Note that the analysts' estimates often exclude any special items.

There was also a 6.9% rise in the company's first-quarter revenue, making it $604.8 million, a considerable increase from last year's $565.8 million.

To summarize the earnings of Wintrust Financial Corp. - in the first quarter, the earnings were $187.3 million, an increase from $180.2 million in the previous year. The earnings per share (EPS) stood at $2.89 as opposed to $2.80 last year. Lastly, their revenue in the first quarter amounted to $604.8 million, compared to the $565.8 million in the previous year.