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DCF valuation

What is Wintrust Financial Corp worth?

With the base-case assumptions below, a discounted cash flow model on Wintrust Financial Corp's reported free cash flow gives $310.52 per share. The share price was $146.11 on September 25, 2026, 53% below that value.

Inputs from the filings

Free cash flow, fiscal 2025
$860.4M
Average free cash flow, last 5 years
$917.8M
Cash
$595.9M
balance sheet of June 30, 2026
Debt
$0
not reported, counted as 0
Diluted shares, fiscal 2025
67,894,000
Revenue growth per year, last 5 years
9.3%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear4.5%3.5%2.0%10.0%$196.44+34%
Base9.5%6.0%2.5%9.0%$310.52+113%
Bull14.5%9.0%3.0%8.0%$537.94+268%

Sensitivity: base case value per share

Discount rate down the side, growth after year 10 across the top. Everything else as in the base case.

1.5%2.0%2.5%3.0%3.5%
7.0%$396.33$422.73$455.00$495.34$547.20
8.0%$332.14$349.26$369.49$393.78$423.46
9.0%$285.30$297.01$310.52$326.28$344.90
10.0%$249.69$258.01$267.45$278.23$290.67
11.0%$221.73$227.84$234.66$242.33$251.03

Where the presets come from

Base: years 1 to 5 grow at Wintrust Financial Corp's revenue growth rate over the last 5 fiscal years (9.3% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.

Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.

Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.

This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.

Adjust the assumptions

Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.

Adjust the assumptions

Wintrust Financial Corp company page