Wintrust Financial Corporation (Nasdaq: WTFC) reported record net income of $700.1 million, or $9.89 per diluted common share, for the first nine months of 2026. This figure represents a 17% increase compared to the same period in 2025, which saw net income of $600.8 million, or $8.25 per diluted common share.
For the third quarter of 2026 alone, the company reported net income of $239.1 million, or $3.37 per diluted common share. This marked the seventh consecutive quarter of record net income for the company. Net interest income for the quarter totaled $621.6 million, an increase of $24.2 million, or 16% annualized, from the second quarter of 2026.
On the balance sheet, total assets increased by $1.3 billion in the third quarter, driven by a $1.1 billion increase in total loans. Total deposits also grew by $1.3 billion. The company’s loans-to-deposits ratio ended the quarter at 91.0%. Net interest margin was reported at 3.49%, which management noted remained in line with expectations.
Asset quality metrics showed a provision for credit losses of $25.9 million for the quarter, up from $23.1 million in the prior quarter. Net charge-offs totaled $21.0 million, or 15 basis points of average total loans on an annualized basis. Non-performing loans stood at $176.9 million, comprising 0.31% of total loans as of September 30, 2026.
Non-interest income for the third quarter was $136.3 million, while non-interest expense totaled $405.7 million. The company recorded income tax expense of $87.3 million, resulting in an effective tax rate of 26.7% for the quarter.
