Wintrust Financial Corporation to Release Fourth Quarter and Full Year 2010 Earnings on Monday, January 24, 2011
January 17 2011 - 7:35PM
Wintrust Financial Corporation ("Wintrust") (Nasdaq:WTFC) today
announced it will release its fourth quarter and full year 2010
earnings results on Monday, January 24, 2011, at 6:00 a.m. (CDT). A
conference call will be held the same day at 1:00 p.m. (CDT).
Individuals interested in listening should call 800-514-8478
and enter Conference ID #38097571. 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), Investor News and
Events, Presentations & Conference Calls. The text
of the fourth quarter and full year 2010 earnings press release
will be available on the home page of the Company's website at
(http://www.wintrust.com) and at the Investor News and Events,
Press Releases link on its website.
ABOUT WINTRUST
Wintrust is a financial holding company with assets of $14
billion whose common stock is traded on the Nasdaq Global Select
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 80 banking offices.
FORWARD-LOOKING STATEMENTS
This document contains forward-looking statements within the
meaning of federal securities laws. Forward-looking information can
be identified through the use of words such as "intend," "plan,"
"project," "expect," "anticipate," "believe," "estimate,"
"contemplate," "possible," "point," "will," "may," "should,"
"would" and "could." Forward-looking statements and information are
not historical facts, are premised on many factors and assumptions,
and represent only management's expectations, estimates and
projections regarding future events. Similarly, these
statements are not guarantees of future performance and involve
certain risks and uncertainties that are difficult to predict,
which may include, but are not limited to, those listed below and
the Risk Factors discussed under Item 1A of the Company's 2009
Annual Report on Form 10-K and in any of the Company's subsequent
SEC filings. 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 future financial
performance, the performance of its loan portfolio, the expected
amount of future credit reserves and charge-offs, delinquency
trends, growth plans, regulatory developments, securities that the
Company may offer from time to time, and management's long-term
performance goals, as well as statements relating to the
anticipated effects on financial condition and results of
operations from expected developments or events, the Company's
business and growth strategies, including future acquisitions of
banks, specialty finance or wealth management businesses, internal
growth and plans to form additional de novo banks or branch
offices. Actual results could differ materially from those
addressed in the forward-looking statements as a result of numerous
factors, including the following:
- negative economic conditions that adversely affect the economy,
housing prices, the job market and other factors that may affect
the Company's liquidity and the performance of its loan portfolios,
particularly in the markets in which it operates;
- the extent of defaults and losses on the Company's loan
portfolio, which may require further increases in its allowance for
credit losses;
- estimates of fair value of certain of the Company's assets and
liabilities, which could change in value significantly from period
to
period;
- changes in the level and volatility of interest rates, the
capital markets and other market indices that may affect, among
other things, the Company's liquidity and the value of its assets
and liabilities;
- a decrease in the Company's regulatory capital ratios,
including as a result of further declines in the value of its loan
portfolios, or
otherwise;
- effects from the Company's prior participation in the Capital
Purchase Program;
- legislative or regulatory changes, particularly changes in
regulation of financial services companies and/or the products and
services offered by financial services companies;
- increases in the Company's FDIC insurance premiums, or the
collection of special assessments by the FDIC;
- 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);
- delinquencies or fraud with respect to the Company's premium
finance business;
- the Company's ability to comply with covenants under its
securitization facility and credit facility;
- credit downgrades among commercial and life insurance providers
that could negatively affect the value of collateral securing the
Company's premium finance loans;
- any negative perception of the Company's reputation or
financial strength;
- 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;
- failure to identify and complete favorable acquisitions in the
future, or unexpected difficulties or developments related to the
integration of recent acquisitions, including with respect to any
FDIC-assisted
acquisitions;
- unexpected difficulties or unanticipated developments related
to the Company's strategy of de novo bank formations and openings,
which typically require over 13 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;
- changes in accounting standards, rules and interpretations and
the impact on the Corporation's financial statements;
- significant litigation involving the Company;
and
- the ability of the Company to receive dividends from its
subsidiaries.
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.
CONTACT: Edward J. Wehmer, President & Chief Executive Officer
David A. Dykstra, Senior Executive Vice President &
Chief Operating Officer
(847) 615-4096
Website address: www.wintrust.com
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