Wintrust Financial Corporation to Release Second Quarter Earnings on Wednesday, July 29, 2009
July 21 2009 - 12:36PM
PR Newswire (US)
LAKE FOREST, Ill., July 21 /PRNewswire-FirstCall/ -- Wintrust
Financial Corporation ("Wintrust") (NASDAQ:WTFC) today announced it
will release its second quarter 2009 earnings on Wednesday, July
29, 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 #21329783. 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 second
quarter 2009 earnings press release will be available on the
Company's website at (http://www.wintrust.com/), Investor News and
Events, Press Releases. ABOUT WINTRUST Wintrust is a financial
holding company with assets of approximately $11 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.
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/
Copyright