Wintrust Financial adds two new directors to its board

Published 02/10/2025, 21:14
Wintrust Financial adds two new directors to its board

ROSEMONT, Ill. - Wintrust Financial Corporation (NASDAQ:WTFC), a financial institution with a market capitalization of $8.76 billion and a "GOOD" financial health rating according to InvestingPro, has appointed Laura Kohl and David Richter to its Board of Directors effective October 1, 2025, bringing the total number of board members to 14.

Kohl currently serves as Chief Information Officer at Morningstar, Inc., where she leads the company’s global technology strategy. She brings extensive global business and technology experience across multiple industries to her new role.

Richter is a Managing Director at GCM Grosvenor and serves as Investment Committee Chair for the firm’s Absolute Return Strategies. His background includes significant experience in private credit and hedge fund management.

"We are pleased to welcome Laura and David to our board," said H. Patrick Hackett, Jr., Chairman of the Board at Wintrust Financial, according to the company’s press release.

Tim Crane, President and Chief Executive Officer of Wintrust Financial, stated that the board provides "important counsel and oversight to management" as the company works to fulfill its mission.

Wintrust Financial is a financial holding company with $69 billion in assets that operates more than 200 retail banking locations through 16 community bank subsidiaries across the greater Chicago area, southern Wisconsin, west Michigan, northwest Indiana, and southwest Florida markets. The company has demonstrated strong financial performance with 11.93% revenue growth in the last twelve months and maintains a conservative P/E ratio of 12.38. InvestingPro analysis reveals the company has maintained dividend payments for 26 consecutive years, with 11 years of consecutive dividend increases.

The company also operates various non-bank business units that provide services including residential mortgage origination, wealth management, commercial and life insurance premium financing, and accounts receivable financing. According to InvestingPro, which offers comprehensive analysis of over 1,400 US stocks through its Pro Research Reports, nine analysts have recently revised their earnings expectations upward for the upcoming period, suggesting positive momentum for the company’s diverse business model.

In other recent news, Wintrust Financial reported robust second-quarter results for 2025, surpassing both earnings and revenue forecasts. The company’s earnings per share (EPS) stood at $2.78, exceeding the anticipated $2.60, representing a 6.92% surprise. Revenue also surpassed expectations, reaching $670.78 million compared to the projected $660.32 million, marking a 1.58% surprise. Additionally, Keefe, Bruyette & Woods raised their price target for Wintrust Financial to $138, citing strong net interest income and loan growth, while maintaining a Market Perform rating. The firm also increased its earnings per share estimates for 2025 and 2026 by 3% and 2%, respectively. Citi also adjusted its price target for Wintrust Financial, increasing it to $156 from $143, and maintained a Buy rating. This adjustment follows second-quarter growth trends that exceeded consensus expectations, with a shift in focus anticipated from growth potential to deposit pricing trends. These developments highlight significant investor interest and confidence in Wintrust Financial’s performance and future prospects.

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