Wintrust Financial Achieves Record $695M Net Income in 2024, Eyes Continued Growth

Wintrust Financial Corp closed 2024 with record net income of $695 million, an 11.5% increase from 2023, driven by robust loan and deposit growth, conservative risk management, and an expansion in non-interest revenue. In the fourth quarter alone, the company reported a net income of $185.4 million, with net interest income climbing 4.5% quarter-over-quarter and 12% year-over-year.

The bank achieved substantial quarterly growth, adding approximately $1 billion each in loans and deposits, while maintaining a stable net interest margin of 3.51%. Credit performance was strong, with decreases in non-performing loans and charge-offs, reflecting prudent loan portfolio management.

Looking ahead to 2025, Wintrust remains optimistic about sustaining its growth trajectory and stable margins, though management has acknowledged increased competition influencing pricing in certain areas. With a solid foundation in place, the company is well-positioned to continue delivering strong results in the coming year.