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ROSEMONT, Ill. - Wintrust Financial Corporation (NASDAQ:WTFC) reported record quarterly net income of $195.5 million, or $2.78 per diluted share, for the second quarter of 2025, surpassing analyst estimates of $2.60 per share. Revenue reached $670.78 million, also exceeding the consensus estimate of $660.32 million.
WTFC shares were trading 2.7% higher after-hours, following the announcement.
The company’s strong performance was driven by robust balance sheet growth and a stable net interest margin of 3.54% on a fully taxable-equivalent basis. Net interest income increased to $546.7 million in Q2, up from $526.5 million in the first quarter, primarily due to strong average earning asset growth of $1.9 billion, or 12% annualized. Shares were down marginally by 0.3% following the announcement.
Total (EPA:TTEF) loans increased by $2.3 billion, or 19% annualized, while total deposits grew by approximately $2.2 billion, or 17% annualized during the quarter. The company’s loans-to-deposits ratio ended the quarter at 91.4%.
"Building on the momentum of a strong first quarter, we are pleased to deliver record results again this quarter, reflecting the underlying strength and momentum of our business," said Timothy S. Crane, President and Chief Executive Officer. "A combination of balance sheet growth and a stable net interest margin drove our record results in the second quarter of 2025."
Non-interest income totaled $124.1 million in Q2, increasing $7.5 million compared to Q1. Wealth management revenue rose by $2.8 million to $36.8 million, while mortgage banking revenue increased to $23.2 million from $20.5 million in the previous quarter.
Credit quality remained strong with net charge-offs totaling $13.3 million, or 11 basis points of average total loans on an annualized basis. The provision for credit losses was $22.2 million, down from $24.0 million in Q1 2025.
"We expect our strong momentum to continue into the third quarter as our loan growth in the second quarter provides positive revenue momentum," added Crane. "Our commitment to growing net interest income, disciplined expense control and conservative credit standards should lead to increasing our franchise value."
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