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WINTRUST FINANCIAL CORP [WTFCP] reports annual net loss of $622.6 million
By USInMinutes - Feb 29, 2024, 05:34 AM ET
Last Updated - Feb 29, 2024, 05:34 AM EST
![WINTRUST FINANCIAL CORP [WTFCP] reports annual net loss of $622.6 million](/_next/image?url=https%3A%2F%2F10kinfo-appdata.s3.us-west-2.amazonaws.com%2Fedgar0105%2FCompanyLogos%2FUS%2FWTFCP.png&w=3840&q=75)
Company Reports Revenue of $16.8 million
WINTRUST FINANCIAL CORP [WTFCP] has reported a net loss of $622.6 million for year ended Dec 31, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $16.8 million
Based in ROSEMONT, Illinois, WINTRUST FINANCIAL CORP operates in the FINANCE sector.
In the Consolidated Statements of Income for the fiscal year ended December 31, 2023, substantial growth was observed in various financial metrics compared to the same period in the previous year.
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- **Revenue**: The total interest income for the period was $2.893 billion, a significant increase from $1.747 billion in the previous year.
- **Cost of Goods Sold/Operating Income**: Interest expense amounted to $1.055 billion, up from $252 million in the previous year. However, net interest income increased to $1.838 billion from $1.495 billion.
- **Net Income/Net Loss**: Net income for the period stood at $622.626 million, showing growth from $509.682 million in the previous year.
- **Earnings/Loss Per Share**:
- Basic earnings per share were $9.72, up from $8.14 in the previous year.
- Diluted earnings per share also increased to $9.58 compared to $8.02 in the previous year.
The company reported a positive trend in various income streams and profitability measures, indicating strong performance and growth in the fiscal year ending December 31, 2023, compared to the previous year.
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