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Click on individual bank names in the table below to access American Banker's coverage of each company's earnings report. Links to relevant coverage, filings, and releases can be found in the Related Links area of each article.
January 28
Wintrust Financial Corp. in Lake Forest, Ill., said Monday that its fourth-quarter earnings fell 50% from a year earlier, to $14.2 million.
The $14 billion-asset company attributed the decrease to its repurchase of $250 million in preferred stock issued to the Treasury Department under the Troubled Asset Relief Program.
The company raised $327.5 million in capital in the fourth quarter to help repay its Tarp funding. This, together with a March 2010 capital raise, boosted its total risk-based capital ratio to 13.9% at Dec. 31.
Nonperforming loans rose 7.5% in the quarter, compared to a year earlier, to $141.3 million, or 1.48% of total loans. Wintrust took a $28.8 million loan-loss provision and charged off $23.5 million in problem loans during the quarter.
The net interest margin expanded 36 basis points from a year earlier, to 3.37%, largely due to lower pricing for retail deposits and lower wholesale funding costs, the company said.
