ROSEMONT, Ill. (AP) – Wintrust Financial Corp. (WTFC) on Tuesday reported second-quarter earnings of $89.6 million.
The Rosemont, Illinois-based bank said it had earnings of $1.53 per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.44 per share.
The bank holding company posted revenue of $379.3 million in the period. Its revenue net of interest expense was $333.4 million, also exceeding Street forecasts. Seven analysts surveyed by Zacks expected $327 million.
Wintrust shares have climbed slightly more than 7 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $88.38, a climb of 16 percent in the last 12 months.
