WINTRUST FINANCIAL CORP financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data WINTRUST FINANCIAL CORP files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	16.4	139	153	161	170	207	218	220	251	266
Selling and marketing	24.8	30.8	41.1	48.6	36.3	47.3	59.4	65.1	61.8	63.9
Interest expense	90.3	114	206	330	253	151	252	1,055	1,515	1,504
Pre-tax income	332	390	460	480	390	638	701	845	947	1,118
Income tax	125	132	117	124	96.8	172	191	222	252	295
Net income	207	258	343	356	293	466	510	623	695	824
EPS, basic	3.83	4.53	5.95	6.11	4.72	7.69	8.14	9.72	10.47	11.57
EPS, diluted	3.66	4.40	5.86	6.03	4.68	7.58	8.02	9.58	10.31	11.40
Shares, basic (weighted)	50.3	54.7	56.3	56.9	57.5	57	59.2	61.1	63.7	66.9
Shares, diluted (weighted)	54.3	56.7	57.2	57.6	58	57.8	60.1	62.1	64.7	67.9
Dividend per share	0.48	0.56	0.76	1.00	1.12	1.24	1.36	1.60	1.80	2.00

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	270	278	392	286	322	411	491	423	459	468
Property, plant and equipment	597	622	671	754	769	766	765	749	779	782
Goodwill	499	502	573	645	646	655	654	657	797	798
Intangible assets			49.4	47.1	36	28.3	22.2	22.9	122	98
Total assets	25,669	27,916	31,245	36,621	45,081	50,142	52,950	56,260	64,880	71,142
Short-term debt	61.8	17.2	50.6	20.5	11.4	9.2	17.6	13.4	0
Total liabilities	22,973	24,939	27,977	32,929	40,965	45,643	48,153	50,860	58,535	63,883
Paid-in capital	1,366	1,529	1,558	1,650	1,650	1,686	1,902	1,944	2,483	2,534
Retained earnings	1,097	1,314	1,611	1,900	2,080	2,448	2,849	3,345	3,897	4,538
Treasury stock	-4.59	-4.99	-5.63	-6.93	-100	-110	-0.3	-2.22	-6.15	-9.16
Other comprehensive income	-65.3	-41.8	-76.9	-34.7	15.4	4.09	-428	-361	-508	-296
Shareholders' equity	2,696	2,977	3,268	3,691	4,116	4,499	4,797	5,400	6,344	7,259
Total equity	2,696	2,977	3,268	3,691	4,116	4,499	4,797	5,400	6,344	7,259
Total liabilities and equity	25,669	27,916	31,245	36,621	45,081	50,142	52,950	56,260	64,880	71,142
Shares outstanding			56.4	57.8	56.8	57.1	60.8	61.2	66.5	67

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	207	258	343	356	293	466	510	623	695	824
Depreciation and amortization	32.1	31.5	33.2	38	46.4	54	53.1	56.9	61.4	66.9
Stock-based compensation	9.3	12.9	13.5	11.3	-4.94	16.2	31.7	33.5	38.1	41.6
Deferred income tax	6.68	63.2	55.2	44.6	-4.06	-2.86	22.1	-19.7	11	44.8
Cash from operations	311	402	377	266	-518	1,131	1,375	744	722	910
Capital expenditures	-33.9	-59.2	-68.3	-82	-63.6	-57.1	-53.4	-46.4	-86	-50
Acquisitions	-614	-0.28	-53.9	-108	0	-585	0	-5.15	531	0
Purchases of investments	-3,399	-774	-1,095	-2,227	-1,998	-842	-2,762	-2,245	-1,749	-5,063
Sales and maturities of investments	1,248	276	353	718	1,613	1,290	386
Cash from investing	-2,492	-2,303	-2,763	-4,019	-7,182	-5,929	-3,491	-3,238	-5,946	-6,169
Stock issued	153	0	0	5.7	0	0	286	0	0	0.22
Share buybacks	-0.62	-0.4	0	0	-92.1	-9.54	0	0
Dividends paid	-38.6	-40.5	-51	-65.1	-85.9	-98.6	-108	-126	-143	-169
Cash from financing	2,176	1,909	2,501	3,647	7,737	4,887	2,196	2,426	5,260	5,268
Net change in cash	-5.75	7.55	115	-106	36	88.7	79.8	-67.5	35.1	9.4
Free cash flow	277	342	309	184	-582	1,074	1,322	698	636	860
Interest paid	91.4	113	198	327	257	157	239	1,026	1,518	1,489
Income taxes paid	94.9	76.8	69.1	60.8	105	179	153	232	253	222

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $146.11 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Effective tax rate	26.0%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	12.0%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	1.2%	Net income / average total assets.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	5.9%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	6.9%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	9.3%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	18.5%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	17.4%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	23.0%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	10.6%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	12.4%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	19.5%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	26.2%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	-12.8%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow growth, 1y	35.4%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	-13.3%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Dividend per share growth, 1y	11.1%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	13.7%	Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Dividend per share CAGR, 5y	12.3%	Compound annual growth of dividend per share over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	14.4%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	14.8%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	12.0%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	9.7%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	10.3%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	9.6%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	4.9%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	4.2%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	3.2%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Liabilities / assets	89.9%	Total liabilities / total assets.
Goodwill and intangibles / assets	1.2%	(Goodwill + intangible assets) / total assets.
Tangible book value	$6.64B	Shareholders' equity - goodwill - intangible assets.

Per share

Metric	Value	How it is calculated
EPS, diluted	$13.19	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Operating cash flow per share	$24.07	Cash from operations / diluted weighted shares.
Book value per share	$110.20	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$97.23	Tangible book value / shares outstanding.
Cash per share	$8.73	(Cash + short-term investments) / shares outstanding.
Payout ratio	19.9%	Dividends paid / net income, when net income is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$9.86B	Share price x shares outstanding.
Enterprise value	$9.26B	Market cap + total debt - cash - short-term investments.
P/E	10.9x	Market cap / net income. Only when net income is positive.
P/B	1.31x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	1.48x	Market cap / tangible book value, when positive.
P/OCF	6.00x	Market cap / cash from operations, when positive.
Earnings yield	9.1%	Net income / market cap (the inverse of P/E).
Dividend yield	1.8%	Dividends paid over the period / market cap.
Shareholder yield	1.8%	(Dividends paid + share buybacks) / market cap.
PEG	0.88x	P/E / EPS growth per year over 3 years (in percent). Only when both are positive.

What was WINTRUST FINANCIAL CORP's revenue in fiscal 2025?

WINTRUST FINANCIAL CORP reported revenue of $265.6M for fiscal 2025, 5.9% higher than the year before.

Was WINTRUST FINANCIAL CORP profitable in fiscal 2025?

Yes. Net income was $823.8M, a net margin of 310.1%.

How much free cash flow did WINTRUST FINANCIAL CORP generate in fiscal 2025?

Cash from operations of $910.3M minus capital expenditures of $50.0M left free cash flow of $860.4M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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