# Wintrust Financial Corp (WTFC) — Stock CV

Wintrust Financial Corp is a $9.66B financial services company. Revenue grew 6.1% over the last year, and it keeps 21¢ of every dollar of sales as profit. It trades at 10.4× earnings — around the middle of its own history.

> Wintrust Financial Corp is a financial holding company that provides community-oriented, personal, and commercial banking services to customers generally located in the Chicago metropolitan area, southern Wisconsin, northwest Indiana, and western Michigan.

## Identity

- **Ticker**: WTFC
- **Sector**: Financial Services
- **Industry**: State Commercial Banks
- **Headquarters**: ROSEMONT, IL
- **Employees**: 5 902
- **Website**: https://www.wintrust.com
- **Market cap**: $9.66B
- **Last price**: $143.25
- **Financial profile**: Strained

## Vitals (TTM)

- **Revenue**: $4.35B
- **Net income**: $900M
- **Free cash flow**: $1.57B
- **Net debt**: $4.28B
- **P/E**: 10.4
- **Revenue growth (YoY)**: 6.1%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 75 |
| Growth | 65 |
| Profitability | 82 |
| Health | 45 |
| Quality | 60 |
| Moat | 43 |

## Qualifications (beginner checklist) — 9 of 11 passed

- [x] Revenue growing — +6.1% YoY
- [x] Profitable — $900M TTM
- [x] Profit growing — +12.7% YoY
- [x] Generates cash — $1.57B TTM
- [x] Debt under control — ~2.7y of cash flow to repay
- [x] Established company — $9.66B market cap
- [ ] Not printing shares — +17.0% shares over ~5y
- [x] Proven track record — 10/10 profitable years
- [ ] Financially stable — health score 25/100
- [x] Pays a dividend — yield 1.91%
- [x] Valuation not extreme — P/E 10.4

## Experience (career milestones)

- **FY2025** — Best year on record: $824M net income
- **Aug 1, 2024** — It was announced that Wintrust had completed the merger of its operations with Macatawa Bank…
- **2022** — Wintrust announced a deal to acquire the U.S. asset management arm of Rothschild & Co
- **FY2021** — Positive free cash flow every year since: 5-year streak
- **2019** — Wintrust acquired Rush-Oak Corporation, the parent company of Oak Bank, an Illinois state-chartered…
- **2018** — Wintrust completed its acquisition of Veterans First Mortgage, a Utah-based corporation with approximately…
- **FY2016** — Profitable every year on record: 10 consecutive profitable years in our data
- **FY2016** — Revenue already above $1B: $1.14B in first reported year
- **2008** — The bank used the 2008 financial crisis to acquire small troubled banks in the Chicago area, backed by its…

## Strengths

- Strongly profitable — 20.7% net margin
- Strong cash conversion — FCF is 36.2% of revenue
- High returns on invested capital (ROIC 17.4%)

## Watch-outs

- None stand out in the data.

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $207M | $466M | $1.07B |
| FY2022 | $218M | $510M | $1.32B |
| FY2023 | $3.33B | $623M | $698M |
| FY2024 | $3.97B | $695M | $636M |
| FY2025 | $4.23B | $824M | $860M |

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Source: https://stockcv.com/WTFC — derived from company filings; may be delayed or incomplete. Information, not investment advice.