Wintrust: 1Q Earnings Snapshot

Associated Press |

ROSEMONT, Ill. (AP) _ Wintrust Financial Corp. (WTFC) on Monday reported first-quarter profit of $89.1 million.

The bank, based in Rosemont, Illinois, said it had earnings of $1.52 per share.

The results fell short of Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.53 per share.

The bank holding company posted revenue of $415.6 million in the period. Its revenue net of interest expense was $343.6 million, which beat Street forecasts. Seven analysts surveyed by Zacks expected $343 million.

Wintrust shares have climbed 12 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $74.37, a drop of 15 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WTFC at https://www.zacks.com/ap/WTFC

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