Wintrust Financial Corporation to Release Fourth Quarter Earnings on Wednesday, January 28, 2009
January 16 2009 - 11:55AM
PR Newswire (US)
LAKE FOREST, Ill., Jan. 16 /PRNewswire-FirstCall/ -- Wintrust
Financial Corporation ("Wintrust") (NASDAQ:WTFC) today announced it
will release its fourth quarter 2008 earnings on Wednesday, January
28, 2009, at 6:00 a.m. (Central Daylight Time). A conference call
will be held the same day at 1:00 p.m. (CDT). Individuals
interested in listening should call (877) 365-7575 and enter
Conference ID #81574677. A simultaneous audio-only web cast and
replay of the conference call may be accessed via the Company's web
site at (http://www.wintrust.com/), Presentations & Conference
Calls, Conference Calls, Fourth Quarter 2008 Earnings Release
Conference Call. The text of the fourth quarter earnings press
release will be available on the Company's website at
(http://www.wintrust.com/), Investor News, Press Releases. ABOUT
WINTRUST Wintrust is a financial holding company with assets of
approximately $10 billion whose common stock is traded on the
Nasdaq Stock Market (NASDAQ:WTFC). Wintrust operates fifteen
community bank subsidiaries that are located in the greater Chicago
and Milwaukee market areas. Additionally, the Company operates
various non-bank subsidiaries including one of the largest
commercial insurance premium finance companies operating in the
United States, a company providing short-term accounts receivable
financing and value-added out-sourced administrative services to
the temporary staffing services industry, companies engaging
primarily in the origination and purchase of residential mortgages
for sale into the secondary market throughout the United States,
and companies providing wealth management services including
broker-dealer, money management services, advisory services, and
trust and estate services. Currently, Wintrust operates more than
75 banking offices and is in the process of constructing several
additional branch facilities. FORWARD-LOOKING STATEMENTS This
document contains forward-looking statements within the meaning of
federal securities laws. Forward-looking information in this
document can be identified through the use of words such as "may,"
"will," "intend," "plan," "project," "expect," "anticipate,"
"should," "would," "believe," "estimate," "contemplate,"
"possible," and "point." The forward-looking information is
premised on many factors, some of which are outlined below. The
Company intends such forward-looking statements to be covered by
the safe harbor provisions for forward-looking statements contained
in the Private Securities Litigation Reform Act of 1995, and is
including this statement for purposes of invoking these safe harbor
provisions. Such forward-looking statements may be deemed to
include, among other things, statements relating to the Company's
projected growth, anticipated improvements in earnings, earnings
per share and other financial performance measures, and
management's long-term performance goals, as well as statements
relating to the anticipated effects on financial results of
condition from expected developments or events, the Company's
business and growth strategies, including anticipated internal
growth, plans to form additional de novo banks and to open new
branch offices, and to pursue additional potential development or
acquisitions of banks, wealth management entities or specialty
finance businesses. Actual results could differ materially from
those addressed in the forward-looking statements as a result of
numerous factors, including the following: -- Competitive pressures
in the financial services business which may affect the pricing of
the Company's loan and deposit products as well as its services
(including wealth management services). -- Changes in the interest
rate environment, which may influence, among other things, the
growth of loans and deposits, the quality of the Company's loan
portfolio, the pricing of loans and deposits and interest income.
-- The extent of defaults and losses on our loan portfolio. --
Unexpected difficulties or unanticipated developments related to
the Company's strategy of de novo bank formations and openings. De
novo banks typically require 13 to 24 months of operations before
becoming profitable, due to the impact of organizational and
overhead expenses, the startup phase of generating deposits and the
time lag typically involved in redeploying deposits into
attractively priced loans and other higher yielding earning assets.
-- The ability of the Company to obtain liquidity and income from
the sale of premium finance receivables in the future and the
unique collection and delinquency risks associated with such loans.
-- Failure to identify and complete acquisitions in the future or
unexpected difficulties or unanticipated developments related to
the integration of acquired entities with the Company. --
Legislative or regulatory changes or actions, or significant
litigation involving the Company. -- Changes in general economic
conditions in the markets in which the Company operates. -- The
ability of the Company to receive dividends from its subsidiaries.
-- The loss of customers as a result of technological changes
allowing consumers to complete their financial transactions without
the use of a bank. -- The ability of the Company to attract and
retain senior management experienced in the banking and financial
services industries. -- The risk that the terms of the U.S.
Treasury Department's Capital Purchase Program could change. -- The
other risk factors set forth in the Company's filings with the
Securities and Exchange Commission. Therefore, there can be no
assurances that future actual results will correspond to these
forward-looking statements. The reader is cautioned not to place
undue reliance on any forward-looking statement made by or on
behalf of Wintrust. Any such statement speaks only as of the date
the statement was made or as of such date that may be referenced
within the statement. The Company undertakes no obligation to
release revisions to these forward-looking statements or reflect
events or circumstances after the date of this press release.
Persons are advised, however, to consult further disclosures
management makes on related subjects in its reports filed with the
Securities and Exchange Commission and in its press releases.
DATASOURCE: Wintrust Financial Corporation CONTACT: Edward J.
Wehmer, President & Chief Executive Officer, or David A.
Dykstra, Senior Executive Vice President & Chief Operating
Officer, both of Wintrust Financial Corporation, +1-847-615-4096
Web site: http://www.wintrust.com/
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