The slight EPS and revenue miss vs consensus may pressure the stock near-term, but record earnings, stable NIM, and strong balance sheet growth provide a positive fundamental backdrop. Watch for Q4 loan growth momentum and net charge-off trends, particularly in the commercial portfolio.
Price Chart
Executive Summary
Wintrust Financial reported Q3 2026 diluted EPS of $3.37, slightly below the consensus estimate of $3.43 (-1.8% miss), on net revenue of $757.9M vs $770.0M consensus. Record quarterly net income of $239.1M was driven by strong loan and deposit growth and stable net interest margin of 3.51% (FTE), though net charge-offs increased to $21.0M (15 bps) from $13.4M (10 bps) in Q2. The sequential earnings growth (+2% QoQ) and record year-to-date results are positive, but the revenue miss and rising charge-offs temper the outlook.
Key Financial Metrics
Key Facts
- Record Q3 2026 net income of $239.1M, up 2% sequentially and 11% YoY
- Diluted EPS of $3.37 vs consensus $3.43 (-1.8% miss)
- Net revenue of $757.9M vs consensus $770.0M
- Net interest income rose to $621.6M (+4% QoQ) on strong earning asset growth
- Net interest margin (FTE) stable at 3.51%, down 1 bp QoQ
- Total loans grew $1.1B (8% annualized); deposits grew $1.3B (8% annualized)
- Net charge-offs increased to $21.0M (15 bps) from $13.4M (10 bps) in Q2
- Non-performing loans declined to $176.9M (0.31% of loans) from $179.3M (0.32%)
- Allowance for credit losses at $486.1M (0.86% of total loans)
- Completed acquisition of guardianship services business on Sep 1, 2026
Financial Impact
Q3 2026 net income $239.1M; diluted EPS $3.37 vs consensus $3.43; net revenue $757.9M vs consensus $770.0M
Risk Factors
- Rising net charge-offs (15 bps vs 10 bps in Q2) could signal credit deterioration
- Net interest margin compression (-1 bp QoQ) may continue if rate cuts materialize
- AOCI loss widened to -$863.8M from -$420.8M, pressuring tangible book value
- Mortgage banking revenue declined 7% QoQ on lower originations
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001015328-26-000026 |
| Document: earningsrelease2026-q3fi.htm | 0001015328-26-000026 |
| Document: wtfc-20261019.htm | 0001015328-26-000026 |
| Document: 0001015328-26-000026-index-headers.html | 0001015328-26-000026 |
| Document: 0001015328-26-000026-index.html | 0001015328-26-000026 |
| Document: 0001015328-26-000026.txt | 0001015328-26-000026 |
| 8-K Data (Synthetic) | 0001015328-26-000026 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 3d ago | Press Release | $149.75 | awaiting T+60 | — | $150.77 (+0.68%) |
Oct 21, 2026 4d ago | 144 | $147.36 | awaiting T+60 | — | $150.77 (+2.31%) |
Oct 19, 2026 6d ago | 8-K | $146.28 | awaiting T+60 | — | $150.77 (+3.07%) |
Oct 19, 2026 6d ago | Press Release | $146.28 | awaiting T+60 | — | $150.77 (+3.07%) |
Sep 30, 2026 25d ago | Press Release | $143.55 | awaiting T+60 | — | $150.77 (+5.03%) |
Jul 20, 2026 13w ago | 8-K | $158.93 $142.79 | ▼ −10.16% | ▼ −14.13% | $150.77 (−5.13%) |
Jul 20, 2026 13w ago | Press Release | $158.93 $142.79 | ▼ −10.16% | ▼ −14.13% | $150.77 (−5.13%) |
Jun 30, 2026 16w ago | Press Release | $162.79 $144.32 | ▼ −11.35% | ▼ −14.22% | $150.77 (−7.38%) |
Apr 20, 2026 26w ago | Press Release | $150.26 $166.90 | ▲ +11.07% | ▲ +4.18% | $150.77 (+0.34%) |
Apr 15, 2026 27w ago | Press Release | $145.24 $161.50 | ▲ +11.20% | ▲ +4.15% | $150.77 (+3.81%) |
US Market Status
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