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Wintrust Financial Corporation (WTFC) is a financial holding company that operates primarily in the banking and financial services sector. The company provides a wide range of services including traditional banking, specialty finance, and wealth management. WTFC's offerings cater to both individual and business clients, with a focus on community banking, premium finance, and investment management.
- Community Banking - Offers traditional banking services such as loans, deposits, and mortgage banking, serving as the largest segment of WTFC's operations.
- Specialty Finance - Provides premium finance operations, life insurance finance, leasing, and accounts receivable finance, offering specialized financial services and products.
- Wealth Management - Delivers investment management, trust services, and brokerage services, supported by the community banking segment.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
David A. Dykstra ExecutiveBoard | Vice Chairman and Chief Operating Officer | Director of Chicago Deferred Exchange Company, LLC; Director of Tricom | David A. Dykstra is the Vice Chairman and Chief Operating Officer at WTFC since February 2020. He previously served as Senior Executive Vice President, Chief Operating Officer from 2002 until 2020 and as CFO prior to 2002. | |
Thomas P. Zidar ExecutiveBoard | Executive Vice President and Senior Market Head of Wealth Management Services | Thomas P. Zidar has been with WTFC since 2006, serving as Executive Vice President and Senior Market Head of Wealth Management Services while also acting as Chairman and CEO of Wintrust Wealth Management. He is involved in multiple board memberships, serving as a Director of Great Lakes Advisors, Wintrust Investments, The Chicago Trust Company, and Chicago Deferred Exchange Company. | ||
Timothy S. Crane ExecutiveBoard | President and Chief Executive Officer | Member of the Metropolitan Family Services Millennium Park Foundation; Member of the Bank Administration Institute; Trustee of DePaul University | Timothy S. Crane is the CEO of Wintrust Financial Corporation since May 1, 2023. He previously served as President from February 2020 and held roles as Executive Vice President, Senior Market Head, and Treasurer from February 2017. | View Report → |
David L. Stoehr Executive | Executive Vice President and Chief Financial Officer | David L. Stoehr has served as the Executive Vice President and Chief Financial Officer at WTFC since January 2002, where he manages all financial and accounting affairs. | ||
Kathleen M. Boege Executive | Executive Vice President, Chief Legal Officer, and Corporate Secretary | Board of Directors, Chicago Public Library Foundation; Board of Directors, Ronald McDonald House Charities of Chicago/Northwest Indiana; Board of Directors, Women’s Educational Aid Association; Member, Keystone Board of the Shirley Ryan AbilityLab; Trustee, Field Museum | Kathleen M. Boege serves as Executive Vice President, Chief Legal Officer, and Corporate Secretary at WTFC since September 2015, where she manages all legal affairs and corporate governance. She also holds multiple external board positions with organizations such as the Chicago Public Library Foundation and Field Museum. | |
Richard B. Murphy Executive | Vice Chairman and Chief Lending Officer | Member, Big Shoulders Fund Board; Member, Keystone Board of Shirley Ryan AbilityLab; Member, Advisory Board of After School Matters; Member, Executive Advisory Committee of First Insurance Funding; Member, Wintrust Life Finance | Richard B. Murphy is the Vice Chairman and Chief Lending Officer at WTFC since February 2020. He previously served as Chief Credit Officer from January 2002 until 2020 while holding executive positions at Hinsdale Bank and First State Bank of Calumet City. | |
Alex E. Washington Board | Director | Managing Director at Wind Point Partners; Board member of Quantix; Board member of Ascensus Specialties; Board member of Hardgards; Board member of HASA | Alex E. Washington, III has served as a Director at WTFC since 2020 and holds key board roles including membership of the Audit, Compensation (as Chair), and Executive Committees. | |
Brian A. Kenney Board | Director | Board of Trustees, Shedd Aquarium; Board of Directors, Big Shoulders Fund | Brian A. Kenney has been serving as Director at WTFC since 2023 and was appointed to the Board on January 1, 2023. Previously, he held executive roles at GATX Corporation including Chairman, President, and CEO until April 2022. | |
Deborah L. Hall Lefevre Board | Director | Executive Vice President, Chief Technology Officer at Starbucks Corporation | Deborah L. Hall Lefevre has been the Director at WTFC since 2019 and serves as Chair of the Information Technology/Information Security Committee on the Board. She brings extensive experience in IT and cybersecurity from senior roles at leading public companies, including her current role as Executive Vice President, Chief Technology Officer at Starbucks Corporation. | |
Elizabeth H. Connelly Board | Director | Catholic Extension Society (Board Member); Polk Bros. Foundation (Board Member); Shedd Aquarium (Board Member); Georgetown University Board of Regents (Member); Healthcare at Kellogg Advisory Council (Member); National Association of Corporate Directors (Member) | Elizabeth H. Connelly has been a Director at Wintrust Financial Corporation since 2022, contributing to key committees such as Compensation, Risk Management, and Executive Committees. Previously, she held executive roles at CDW Corporation and J.P. Morgan Chase, reflecting her extensive leadership experience and governance expertise. | |
Gregory A. Smith Board | Director | Executive-in-Residence and Professor of Practice at University of Wisconsin-Milwaukee ; Director at Church Mutual Holding Company, Inc. | Gregory A. Smith has served as a Director at WTFC since June 2024 and is distinguished by his extensive experience in banking and academia, including key roles such as CFO at Marshall & Ilsley Corporation and leadership positions at Church Mutual Holding Company and University of Wisconsin-Milwaukee. | |
H. Patrick Hackett Board | Chairman of the Board of Directors | Managing Member of HHS Partners, LLC; Chair of Investment and Compensation Committees at First Industrial Realty Trust, Inc. | H. Patrick Hackett, Jr. has served as non-executive Chairman of the Board of Directors at WTFC since 2017 and has been a board member since 2008. He brings extensive experience from roles including Managing Member of HHS Partners, LLC and previous service as President and CEO of RREEF Capital, Inc.. | |
Karin Gustafson Teglia Board | Director | President of DEKK Enterprises, LLC and DEKK Investments, LLC; Advisor to TRP Investments, LLC | Karin Gustafson Teglia has served as a Director at WTFC since 2019, where she also chairs the Audit Committee and serves on the Compensation and Executive Committees, demonstrating her financial expertise. Previously, she held senior roles at McDonald’s Corporation and started her career at PricewaterhouseCoopers LLP, building a strong background in corporate finance and tax management. | |
Marla F. Glabe Board | Director at WTFC | Executive Advisory Committee for First Insurance Funding; Executive Advisory Committee for Wintrust Life Finance; Director of boards associated with Wintrust Wealth Management | Marla F. Glabe has been a Director at WTFC since 2015. She brings over 40 years of financial services experience, including senior executive roles at Allstate Insurance Company and various board positions, which enrich her contributions at WTFC. | |
Peter D. Crist Board | Director | CEO of Crist/Kolder Associates | Peter D. Crist has served as a Director at WTFC since 1996 and is currently the Chair of the Nominating and Corporate Governance Committee. He has extensive experience in executive recruitment, having founded and led Crist/Kolder Associates as CEO since 2003. | |
Richard L. Postma Board | Director | Chairman, TurnKey Network Solutions, LLC; Chairman, R.T. London, Inc.; Chairman, Arcadia Bluffs LLC; Chairman, Postma Corporation; Founder & Chief Executive Officer, U.S. Signal Company, L.L.C | Richard L. Postma has been serving as a Director at Wintrust Financial Corporation since August 1, 2024. Previously, he served as Chairman of the Board at Macatawa Bank Corporation from 2009 until its acquisition by WTFC. | |
Suzet M. McKinney Board | Director at WTFC | Member of the Board of Directors at Kemper Corporation; Board Member at Ann & Robert Lurie Children's Hospital of Chicago | Dr. McKinney has served as a Director at WTFC since 2021 and actively participates on both the Audit and Compensation Committees. She also brings extensive experience from her previous roles at the Illinois Medical District and external board positions at Kemper Corporation and Ann & Robert Lurie Children’s Hospital of Chicago. | |
William J. Doyle Board | Director | Board Member at Big Shoulders Fund | William J. Doyle has been a Director at WTFC since 2017, serving on the Nominating and Corporate Governance Committee and the Risk Management Committee. He brings extensive leadership experience from roles such as CEO of PotashCorp and active board positions at other organizations. |
- How does management plan to balance the incremental deposit costs with the observed muted loan pricing adjustments while maintaining a stable net interest margin in an increasingly competitive environment?
- Can you elaborate on the decision to add roughly $1 billion in forward starting swaps this quarter and explain how this hedging strategy will protect margins if interest rates unexpectedly drop further?
- With guidance indicating mid-single-digit expense growth despite significant infrastructure investments, what specific measures are you taking to ensure these costs translate into operating leverage without eroding profitability?
- Given the risks inherent in the non-owner-occupied CRE portfolio—especially with the upcoming deep dive reviews on loans over $2.5 million—what additional credit risk mitigants are being considered to prevent future charge-offs?
- In light of the muted mortgage activity and the narrow gain on sale margins, what strategic steps will management take to boost mortgage banking revenue and capture improved margins if mortgage rates near 6% resurface?
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Macatawa Bank Corporation | 2024 | Deal Value & Structure: Wintrust entered into a merger agreement paying approximately $14.85 per share, amounting to an aggregate of around $510.3 million, with the consideration structured through an exchange ratio and cash in lieu for fractional shares. Strategic Rationale & Assets: The acquisition, which created a merger with Macatawa’s 26 branches and significant assets (about $2.7 billion in assets, $2.3 billion in deposits, and $1.3 billion in loans), was completed after key regulatory and shareholder approvals. |
Rothschild & Co Asset Management US Inc./Rothschild & Co Risk Based Investments LLC | 2023 | Deal Value & Structure: Completed on April 3, 2023, the acquisition involved obtaining approximately $12.6 million in assets and recording $2.6 million in goodwill, with initial integration-related expenses estimated at $7–8 million. Strategic Rationale & Assets: This strategic addition was aimed at enhancing the Company's wealth management unit, contributing to increased fee income and overall assets under management. |
Recent press releases and 8-K filings for WTFC.
- Completed a public offering of 17,000,000 depositary shares representing its 7.875% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series F, as detailed in the filing.
- The issuance is supported by a legal opinion from Sidley Austin LLP, confirming that the shares are validly issued, fully paid, and non-assessable under applicable corporate actions.
- The offering was executed under an effective Form S-3 registration statement and an underwriting agreement with RBC Capital Markets, outlining key rights and preferences for holders.
- Q1 2025 earnings delivered record net income of $189 million and pre-tax income (excluding credit loss provisions) of $277 million, highlighting robust profitability .
- Achieved record net interest income of $526 million and an improved net interest margin of 3.56%, underscoring strong interest performance .
- Sustained robust balance sheet growth with loans rising by over $650 million and deposits increasing by over $1.1 billion, maintaining a loan-to-deposit ratio of approximately 91% .
- Demonstrated solid credit performance with lower charge-offs and stable nonperforming loans, reflecting disciplined underwriting and proactive portfolio management .
- Raised the dividend to $2 per share annualized and are exploring further M&A opportunities as part of ongoing market expansion strategies .
- Strengthened capital metrics with a CET1 ratio of 10.1%, well above regulatory thresholds .
- Record quarterly net income of $189.0 million and diluted EPS of $2.69 were announced for Q1 2025, reflecting a new high for the company.
- Loan growth increased by $653 million (6% annualized) while deposits rose by $1.1 billion (8% annualized), with the loans-to-deposits ratio ending at 90.9%.
- Net interest margin improved by 5 basis points to 3.56%, supported by lower funding costs and robust balance sheet growth.
- Wintrust Financial, a $65 billion Chicago-based bank, expects mid- to high single-digit loan growth for the year, backed by strong pipelines and competitive positioning .
- Strategic moves feature the successful integration of the Macatawa acquisition in West Michigan and the active pursuit of M&A opportunities, signaling significant growth .
- The firm’s robust premium finance business remains resilient in a hard market and comprises roughly one-third of its loan book, even as premium increases moderate .
- Executives cited strong macro fundamentals with stable employment and robust commercial real estate, despite manageable pressures in sectors like office and transportation .
- Focused operational strategy is evident as management anticipates mid-single-digit expense growth while investing in digital capabilities and risk management to drive operating leverage .
- Record earnings: Reported Q4 net income of $185.4 million with a record quarterly net interest income of $525.1 million, contributing to a record annual net income of $695 million.
- Robust balance sheet growth: Total loans grew to $48.1 billion and deposits increased to $52.5 billion, with additional growth of approximately $1 billion in loans (8% annualized) and $1–1.1 billion in deposits—reflecting strong organic performance and the impact of the Macatawa acquisition.
- Stable margins and disciplined management: Maintained a consistent net interest margin of 3.51% amid strategic expense controls and improved credit quality.