Wintrust Financial (WTFC) Q3 FY2025 earnings: revenue $698 million, up 13.3% on the year

Wintrust Financial Corp. (WTFC) reported revenue of $698 million for Q3 FY2025, the quarter ended 30 September 2025, up 13.3% on the same quarter a year earlier. Net income was $216 million, up 27.2% on the year, and diluted earnings per share $2.78. The figures are the company's own, from the 10-Q it filed with the SEC on 6 November 2025.

Revenue$698 millionup 13.3%

Net income$216 millionup 27.2%

Diluted EPS$2.78

QuarterQ3 FY2025ended 30 September 2025

The quarter, against the one before and a year earlier

Line	Q3 FY2025	Q2 FY2025	Q3 FY2024	Change on the year
Revenue	698	671	616	+13.3%
Interest expense	397	374	406	-2.3%
Pre-tax income	296	267	233	+27.2%
Income tax	79.8	71.6	62.7	+27.2%
Effective tax rate	27.0%	26.8%	26.9%
Net income	216	196	170	+27.2%
Net margin	31.0%	29.1%	27.6%
Diluted EPS	$2.78	$2.78	$2.47	+12.6%

$ million except per share.

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	Q3 FY2025	Q2 FY2025	Q3 FY2024	Change on the year
Operating cash flow	210	329	-61.6	n/a
Capital expenditure	n/a	n/a	16.7	n/a
Free cash flow	n/a	n/a	-78.3	n/a
Cash from investing	-740	-2,948	-663	n/a
Cash from financing	400	2,698	1,041	-61.6%
Depreciation and amortisation	28.6	30.9	25.7	+10.9%
Share-based compensation	10.1	10.2	9.5	+6.3%
Dividends paid	46.8	40.5	36.9	+26.7%
Dividend per share	$0.50	$0.50	$0.45	+11.1%
Diluted shares, weighted	68m	68m	66m	+3.1%
Shares outstanding at period end	67m	67m	66m	+0.7%

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	Q3 FY2025	Q2 FY2025	Q3 FY2024	Change on the year
Shareholders' equity	7,046	7,226	6,400	+10.1%
Deposits	56,711	55,817	51,405	+10.3%
Short-term borrowings	n/a	n/a	0.0	n/a
Debt	121	128	150	-19.0%
Other liabilities	5,751	5,812	5,834	-1.4%
Total liabilities and equity	69,630	68,983	63,788	+9.2%
Fixed assets	775	776	772	+0.4%
Goodwill	798	798	801	-0.4%
Intangible assets	105	110	124	-15.0%
Securities held for sale or to maturity	8,713	8,388	7,590	+14.8%
Resale agreements	0.1	0.1	5.7	-98.9%
Cash and equivalents	565	696	731	-22.7%
Other assets	58,673	58,214	53,765	+9.1%
Total assets	69,630	68,983	63,788	+9.2%

Quarterly results, the last 12 quarters

	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	575	571	605	592	616	639	643	671	698	714	713	739
Interest expense	300	324	341	379	406	388	360	374	397	372	349	364
Pre-tax income	225	165	250	211	233	253	253	267	296	302	301	318
Tax rate	27%	25%	25%	28%	27%	27%	25%	27%	27%	26%	24%	27%
Net income	164	123	187	152	170	185	189	196	216	223	227	234
Net margin	29%	22%	31%	26%	28%	29%	29%	29%	31%	31%	32%	32%
Diluted EPS	$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	88.3	248	71.1	221	-61.6	491	120	329	210	252	927	255
Capital expenditure	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	68.4	231	60.5	182	-78.3	471	n/a	n/a	n/a	n/a	n/a	n/a
Dividends paid	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	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

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 diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. 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.

Source

10-Q for the period ended 30 September 2025, filed 6 November 2025, accession 0001015328-25-000207: the filing on EDGAR. All of Wintrust Financial Corp.'s filings: EDGAR company page.

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