ROSEMONT, Ill., Aug. 22, 2024 (GLOBE NEWSWIRE) -- Wintrust Financial Corporation ("Wintrust") (Nasdaq: WTFC) today announced it has selected First Dollar to power health savings accounts, health flexible spending accounts, health reimbursement arrangements, and other employee benefit accounts. Wintrust will leverage First Dollar's best-in-class technology to enhance and elevate its consumer-directed health and lifestyle accounts portfolio for a fully integrated benefit experience aligned with the Wintrust s ...

ROSEMONT, Ill. and HOLLAND, Mich., Aug. 01, 2024 (GLOBE NEWSWIRE) -- Wintrust Financial Corporation ("Wintrust") (Nasdaq: WTFC) and Macatawa Bank Corporation ("Macatawa") today jointly announced the completion of their previously announced merger whereby Wintrust acquired Macatawa in an all-stock transaction. Macatawa was the parent company of Macatawa Bank, which is headquartered in Holland, Michigan and operates a network of 26 full-service branches located throughout communities in Kent, Ottawa and north ...

Core Viewpoint - Wintrust Financial Corporation has successfully completed the acquisition of Macatawa Bank Corporation in an all-stock transaction valued at approximately $510.3 million, enhancing Wintrust's presence in West Michigan [1][4]. Company Overview - Wintrust Financial Corporation is a financial holding company with approximately $62 billion in assets and operates 16 community bank subsidiaries across various regions, including greater Chicago and West Michigan [6]. - Macatawa Bank, founded in 1997, has around $2.7 billion in assets, $2.3 billion in deposits, and $1.3 billion in loans as of June 30, 2024, and operates 26 full-service branches [2][8]. Transaction Details - The merger involved converting each of Macatawa's 34,361,562 common shares into the right to receive 0.137 shares of Wintrust common stock, with a cash payment for fractional shares [4]. - The transaction is not expected to materially affect Wintrust's earnings per share for 2024 [4]. Leadership and Cultural Integration - Wintrust's CEO Timothy S. Crane emphasized that Macatawa Bank's strong core deposit base and client-focused culture will enhance Wintrust's competitive position in the area [3]. - Richard L. Postma, former Chairman of Macatawa, will join Wintrust's Board of Directors, ensuring continuity in leadership and community presence [3]. Strategic Benefits - The merger allows Wintrust to retain the Macatawa Bank name and key employees, maintaining its community banking identity while providing enhanced services and technology [3]. - The integration aims to combine similar cultures and operating philosophies, benefiting both consumer and commercial clients [3].

ROSEMONT, Ill., July 25, 2024 (GLOBE NEWSWIRE) -- Wintrust Financial Corporation ("Wintrust" or the "Company") (Nasdaq: WTFC) today announced that the Company's Board of Directors approved a quarterly cash dividend of $0.45 per share of outstanding common stock. The dividend is payable on August 22, 2024 to shareholders of record as of August 8, 2024. Additionally, the Company's Board of Directors approved quarterly cash dividends on outstanding shares of the Company's 6.50% Fixed-to-Floating Non-Cumulative ...

ROSEMONT, Ill., July 25, 2024 (GLOBE NEWSWIRE) -- Wintrust Financial Corporation ("Wintrust" or the "Company") (Nasdaq: WTFC) today announced that the Company's Board of Directors approved a quarterly cash dividend of $0.45 per share of outstanding common stock. The dividend is payable on August 22, 2024 to shareholders of record as of August 8, 2024. Wintrust is a financial holding company with assets of approximately $59.8 billion whose common stock is traded on the Nasdaq Global Select Market. Built on t ...

Wintrust Financial Corporation WTFC reported mixed second-quarter financial results, after the closing bell on Wednesday. Wintrust Financial shares fell 0.1% to trade at $106.20 on Friday. Read Next: Loading... Timothy S. Crane, President and Chief Executive Officer, said, "We are pleased with our record net income for the first half of 2024 and record quarterly net interest income. Robust loan and deposit growth coupled with a stabilizing margin drove our strong second quarter results. Pre-tax, pre-provisi ...

Wintrust Financial Corporation WINTRUST 22 Forward Looking Statements 33 Therefore, there can be no assurances that future actual results will correspond to these forward-looking statements. The reader is cautioned not to place undue reliance on any forwardlooking statement made by the Company. Any such statement speaks only as of the date the statement was made or as of such date that may be referenced within the statement. The Company undertakes no obligation to update any forward-looking statement to ref ...

Start Time: 11:00 January 1, 0000 12:06 PM ET Wintrust Financial Corporation (NASDAQ:WTFC) Q2 2024 Earnings Conference Call July 18, 2024, 11:00 AM ET Company Participants Tim Crane - President and CEO David Dykstra - Vice Chairman and COO Richard Murphy - Vice Chairman and Chief Lending Officer David Stoehr - EVP and CFO Kate Boege - EVP, General Counsel and Corporate Secretary Conference Call Participants Jon Arstrom - RBC Capital Markets Casey Haire - Jefferies Terry McEvoy - Stephens Chris McGratty - KB ...

The reported revenue represents a surprise of +1.08% over the Zacks Consensus Estimate of $585.46 million. With the consensus EPS estimate being $2.40, the EPS surprise was -3.33%. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Net Interest Margin: 3.5% versus the six-analyst average estimate of 3.5%. Efficiency Ratio: 57.1% versus ...

Eagle Bancorp Montana, Inc.'s revenues are expected to be $20.5 million, down 4.5% from the year-ago quarter. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. This quarterly report represents an earnings surprise of -3.33%. A quarter ...