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The $18 billion-asset company said late Tuesday it has acquired certain assets and liabilities from Surety Financial Services in Sherman Oaks, Calif. The companies did not disclose the terms or specify the assets that were transferred.
October 1 -
The serial acquirer in Rosemont, Ill., announced Wednesday that it has agreed to buy the $165 million-asset Diamond Bancorp, which has a branch on Chicago's north side and three branches in its northern suburbs.
July 31 -
Wintrust Financial Corp. in Rosemont, Ill., reported a rise in second-quarter profit thanks to higher fee income and lower interest costs.
July 17
Wintrust Financial (WTFC) in Rosemont, Ill., recorded higher quarterly profits on increased net interest income and benefits from
The $18 billion-asset company said late Monday that its third-quarter earnings rose 10% from a year earlier, to $35.6 million. Earnings per share of 71 cents beat the estimates of analysts polled by Bloomberg by 7 cents.
Wintrust's net interest income rose 7% from a year earlier, to $141.8 million. Its loan portfolio increased 7% from Sept. 30, 2012, to $13 billion. The company's net interest margin widened by 7 basis points from a year earlier, to 3.57%.
Noninterest income fell 13% from a year earlier, to $54.7 million, as mortgage-related revenue and fees from covered call options fell.
Noninterest expenses rose 2% from a year earlier, to 127.2 million, because of increased costs tied to salaries and benefits, data processing and equipment.
Net chargeoffs, excluding covered loans from acquisitions, fell 37% from a year earlier, to $11.3 million.
Wintrust announced plans to buy the $165 million-asset Diamond Bancorp in July. Earlier this month, it
