The record results and strong balance sheet growth support continued positive momentum, but watch for NIM compression (down 4bps QoQ) and rising expense base (up 4% QoQ). The stock's 15.6% QoQ price appreciation to $160.72 already prices in some optimism; near-term catalysts include loan pipeline execution and further NIM stabilization.
Price Chart
Executive Summary
Wintrust Financial reported record Q2 2026 net income of $233.7M ($3.30 diluted EPS), beating consensus estimates of $3.15 by 4.7%. Revenue of $738.6M slightly exceeded expectations, driven by strong loan growth (+12% annualized) and deposit growth (+15% annualized), while credit quality remained stable with net charge-offs at 10bps. The company posted its sixth consecutive quarter of record net income, signaling sustained operational momentum.
Key Financial Metrics
Key Facts
- Record Q2 2026 net income of $233.7M, up 3% sequentially and 20% YoY
- Diluted EPS of $3.30, beating consensus of $3.15 by 4.7%
- Net interest income rose to $597.4M from $579.0M in Q1, driven by $2.1B average earning asset growth
- Total loans increased $1.6B to $55.7B (12% annualized), total deposits up $2.2B to $61.1B (15% annualized)
- Net interest margin (FTE) declined 4bps to 3.52% but remained within expected range
- Provision for credit losses fell to $23.1M from $29.6M in Q1, reflecting stable credit quality
- Net charge-offs decreased to $13.4M (10bps) from $18.4M (14bps) in Q1
- Non-performing loans declined to $179.3M (0.32% of total loans) from $182.7M (0.34%)
- Tangible book value per share improved to $92.13 from $89.90 in Q1
- FDIC special assessment reversal of $5.2M benefited non-interest expense
Financial Impact
EPS beat of 4.7% ($0.15) vs consensus, revenue beat of ~0.4% ($3.2M), with YTD net income up 20% to $461.1M
Risk Factors
- Net interest margin compression from lower loan yields and deposit repricing lag
- Expense growth from seasonal marketing and salary increases may pressure efficiency
- Potential credit deterioration in commercial real estate and office portfolios
- Interest rate sensitivity shows -2.4% NII impact in +200bps static shock scenario
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001015328-26-000019 |
| Document: earningsrelease2026-q2fi.htm | 0001015328-26-000019 |
| Document: wtfc-20260720.htm | 0001015328-26-000019 |
| Document: 0001015328-26-000019-index-headers.html | 0001015328-26-000019 |
| Document: 0001015328-26-000019-index.html | 0001015328-26-000019 |
| Document: 0001015328-26-000019.txt | 0001015328-26-000019 |
| 8-K Data (Synthetic) | 0001015328-26-000019 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | Press Release | $150.77 | awaiting T+60 | — | $151.17 (+0.27%) |
Oct 21, 2026 5d ago | 144 | $147.36 | awaiting T+60 | — | $151.17 (+2.59%) |
Oct 19, 2026 7d ago | 8-K | $146.28 | awaiting T+60 | — | $151.17 (+3.34%) |
Oct 19, 2026 7d ago | Press Release | $146.28 | awaiting T+60 | — | $151.17 (+3.34%) |
Sep 30, 2026 26d ago | Press Release | $143.55 | awaiting T+60 | — | $151.17 (+5.31%) |
Jul 20, 2026 14w ago | 8-K | $158.93 $142.79 | ▼ −10.16% | ▼ −14.13% | $151.17 (−4.88%) |
Jul 20, 2026 14w ago | Press Release | $158.93 $142.79 | ▼ −10.16% | ▼ −14.13% | $151.17 (−4.88%) |
Jun 30, 2026 16w ago | Press Release | $162.79 $144.32 | ▼ −11.35% | ▼ −14.22% | $151.17 (−7.14%) |
Apr 20, 2026 27w ago | Press Release | $150.26 $166.90 | ▲ +11.07% | ▲ +4.18% | $151.17 (+0.61%) |
Apr 15, 2026 27w ago | Press Release | $145.24 $161.50 | ▲ +11.20% | ▲ +4.15% | $151.17 (+4.08%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers