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Wintrust beats 1Q profit forecasts

ROSEMONT, Ill. (AP) _ Wintrust Financial Corp. (WTFC) on Tuesday reported first-quarter net income of $58.4 million.

The Rosemont, Illinois-based bank said it had earnings of $1 per share.

The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 91 cents per share.

The bank holding company posted revenue of $284.5 million in the period. Its adjusted revenue was $261.3 million, which fell short of Street forecasts. Five analysts surveyed by Zacks expected $268.4 million.

Wintrust shares have fallen 9 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $65.88, an increase of 38 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WTFC at https://www.zacks.com/ap/WTFC


Keywords: Wintrust Financial, Earnings Report