Wintrust Financial Corporation to Release First Quarter 2011 Earnings on Wednesday, April 20, 2011
April 14 2011 - 5:00PM
Wintrust Financial Corporation ("Wintrust") (Nasdaq:WTFC) today
announced it will release its first quarter 2011 earnings results
on Wednesday, April 20, 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 877-363-5049 and enter
Conference ID #59204020. 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 first quarter
2011 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.
Date: April 20, 2011 Time: 1:00 PM CT
Listen via Internet:
http://www.wintrust.com/investor-relations/corporate-profile.html/
Schedule this webcast into MS-Outlook calendar (click open when
prompted):
http://apps.shareholder.com/PNWOutlook/t.aspx?m=47214&k=CA3AAF58
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 85 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 2010 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: Wintrust Financial Corporation
Edward J. Wehmer (President & Chief Executive Officer)
(847) 615-4096
Wintrust Financial Corporation
David A. Dykstra (Senior EVP & Chief Operating Officer)
(847) 615-4096
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