Wintrust posts record $227.4M Q1 net income, 8% deposit growth
Wintrust reported record first-quarter net income of $227.4 million, or $3.22 per diluted share, up from $223.0 million, or $3.15, in Q4 2025. Total loans rose $1.0 billion (7% annualized) and deposits increased $1.2 billion (8%), while net interest margin gained two basis points to 3.56%.
1. Record Quarterly Net Income
Wintrust recorded net income of $227.4 million ($3.22 per diluted share) in the first quarter of 2026, exceeding the prior quarter’s $223.0 million ($3.15 per diluted share) and marking its fifth consecutive quarter of record earnings.
2. Balance Sheet Growth
Total loans increased by $1.0 billion, or 7% on an annualized basis, while total deposits grew by $1.2 billion, or 8% annualized, driving a $1.0 billion, or 6% annualized, rise in total assets.
3. Net Interest Income and Margin
Net interest income totaled $579.0 million, down slightly from $583.9 million due to two fewer calendar days, while net interest margin improved by two basis points to 3.56% on a fully taxable-equivalent basis.
4. Asset Quality
The provision for credit losses was $29.6 million versus $27.6 million in Q4, net charge-offs fell to $18.4 million (14 basis points of average loans), and non-performing loans declined to 0.34% of total loans, underscoring robust credit quality.