Despite losing $4.5 million in the third quarter, Wintrust Financial Corp. in Lake Forest, Ill., reported record earnings for last year.

The $2.1 billion-asset company said late Monday that its earnings for the year rose 18% from a year earlier, to $11.2 million, or $1.25 per share. Fourth-quarter net income grew 36%, to $3.8 million.

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