Wintrust Financial Corporation (NASDAQ:WTFC) reported record results for the fourth quarter on Tuesday, with net income climbing to $223 million, or $3.15 per diluted share, comfortably ahead of analysts’ expectations of $2.93. Quarterly revenue reached $714.26 million, also topping the consensus forecast of $701.8 million.
The financial services group benefited from record net interest income and a steady net interest margin. Net interest income rose to $583.9 million in the quarter, an increase of $16.9 million from the prior quarter, supported by a four-basis-point improvement in net interest margin to 3.54% on a fully taxable-equivalent basis.
Wintrust also delivered solid balance sheet expansion, with total loans growing by $1 billion, or 8% on an annualized basis, while deposits increased by a similar $1 billion, or 7% annualized. The loans-to-deposits ratio remained disciplined at 92.0%.
“We are pleased with our strong 2025 results, including the 19% improvement in net income,” said President and Chief Executive Officer Timothy S. Crane. “Throughout the year, we leveraged our unique position in the markets we serve to achieve robust growth in both loans and deposits.”
Credit quality metrics were largely stable. Non-performing loans totaled $185.8 million, representing 0.35% of total loans, compared with 0.31% in the previous quarter. Net charge-offs declined to $21.8 million, or 17 basis points of average total loans on an annualized basis, down from $24.6 million in the third quarter.
For the full year 2025, Wintrust delivered record net income of $823.8 million, equivalent to $11.40 per diluted share, marking a 19% increase from $695.0 million, or $10.31 per share, in 2024.
Looking ahead, management said it remains confident in the outlook, noting that a stable net interest margin alongside continued balance sheet growth leaves the company well positioned to drive further net interest income expansion in coming quarters.