Wintrust Financial (WTFC) Q1 FY2022 earnings: revenue $462 million, up 3.1% on the year

Wintrust Financial Corp. (WTFC) reported revenue of $462 million for Q1 FY2022, the quarter ended 31 March 2022, up 3.1% on the same quarter a year earlier. Net income was $127 million, down 16.8% on the year, and diluted earnings per share $2.07. The figures are the company's own, from the 10-Q it filed with the SEC on 6 May 2022.

Revenue$462 millionup 3.1%

Net income$127 milliondown 16.8%

Diluted EPS$2.07

QuarterQ1 FY2022ended 31 March 2022

The quarter, against the one before and a year earlier

Line	Q1 FY2022	Q4 FY2021	A year earlier	Change on the year
Revenue	462	430	n/a	n/a
Interest expense	29.0	32.0	n/a	n/a
Pre-tax income	174	137	n/a	n/a
Income tax	46.3	38.3	n/a	n/a
Effective tax rate	26.7%	27.9%	n/a
Net income	127	98.8	n/a	n/a
Net margin	27.6%	23.0%	n/a
Diluted EPS	$2.07	$1.57	n/a	n/a

$ million except per share.

Fourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

Line	Q1 FY2022	Q4 FY2021	A year earlier	Change on the year
Operating cash flow	458	400	n/a	n/a
Capital expenditure	7.7	33.6	n/a	n/a
Free cash flow	450	366	n/a	n/a
Cash from investing	-494	-2,562	n/a	n/a
Cash from financing	87.2	2,111	n/a	n/a
Depreciation and amortisation	24.5	26.4	n/a	n/a
Share-based compensation	7.9	6.8	n/a	n/a
Buybacks	0.0	0.0	n/a	n/a
Dividends paid	26.5	24.7	n/a	n/a
Dividend per share	$0.34	n/a	n/a	n/a
Diluted shares, weighted	58m	58m	n/a	n/a
Shares outstanding at period end	57m	57m	n/a	n/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

Line	Q1 FY2022	Q4 FY2021	A year earlier	Change on the year
Shareholders' equity	4,492	4,499	n/a	n/a
Deposits	42,219	42,096	n/a	n/a
Debt	2,414	2,426	n/a	n/a
Other liabilities	1,125	1,122	n/a	n/a
Total liabilities and equity	50,251	50,142	n/a	n/a
Fixed assets	761	766	n/a	n/a
Goodwill	655	655	n/a	n/a
Intangible assets	26.7	28.3	n/a	n/a
Securities held for sale or to maturity	6,435	5,270	n/a	n/a
Resale agreements	700	700	n/a	n/a
Cash and equivalents	463	411	n/a	n/a
Other assets	41,210	42,311	n/a	n/a
Total assets	50,251	50,142	n/a	n/a

Questions

What was Wintrust Financial's revenue in Q1 FY2022?

Wintrust Financial (WTFC) reported revenue of $462 million for Q1 FY2022, the quarter ended 31 March 2022, up 3.1% on the same quarter a year earlier.

How much did Wintrust Financial earn in Q1 FY2022?

Net income for Q1 FY2022 was $127 million, down 16.8% on the year, and diluted earnings per share $2.07.

When did Wintrust Financial report Q1 FY2022 results?

Wintrust Financial filed its 10-Q for the quarter ended 31 March 2022 with the SEC on 6 May 2022.

Quarterly results, the last 20 quarters

	Q3 FY2021	Q4 FY2021 *	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026
Revenue	424	430	462	441	503	551	566	561	575	571	605	592	616	639	643	671	698	714	713	739
Interest expense	35.0	32.0	29.0	34.2	65.0	124	182	250	300	324	341	379	406	388	360	374	397	372	349	364
Pre-tax income	150	137	174	132	200	195	244	211	225	165	250	211	233	253	253	267	296	302	301	318
Tax rate	27%	28%	27%	28%	29%	26%	26%	27%	27%	25%	25%	28%	27%	27%	25%	27%	27%	26%	24%	27%
Net income	109	98.8	127	94.5	143	145	180	155	164	123	187	152	170	185	189	196	216	223	227	234
Net margin	26%	23%	28%	21%	28%	26%	32%	28%	29%	22%	31%	26%	28%	29%	29%	29%	31%	31%	32%	32%
Diluted EPS	$1.77	$1.57	$2.07	$1.49	$2.21	$2.23	$2.80	$2.38	$2.53	$1.87	$2.89	$2.32	$2.47	$2.63	$2.69	$2.78	$2.78	$3.15	$3.22	$3.30
Operating cash flow	82.2	400	458	365	232	320	68.4	340	88.3	248	71.1	221	-61.6	491	120	329	210	252	927	255
Capital expenditure	11.3	33.6	7.7	15.6	14.1	16.0	9.1	0.2	19.9	17.2	10.6	39.2	16.7	19.6	n/a	n/a	n/a	n/a	n/a	n/a
Free cash flow	70.9	366	450	350	218	304	59.3	340	68.4	231	60.5	182	-78.3	471	n/a	n/a	n/a	n/a	n/a	n/a
Buybacks	9.5	0.0	0.0	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Dividends paid	24.7	24.7	26.5	26.5	27.6	27.7	31.4	31.4	31.5	31.4	34.2	35.2	36.9	36.9	40.3	40.5	46.8	41.9	45.4	45.5
Shares outstanding	57m	57m	57m	61m	61m	61m	61m	61m	61m	61m	62m	67m	66m	66m	67m	67m	67m	67m	67m	67m
Filing	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 31 March 2022, filed 6 May 2022: the filing.