Wintrust posts record $239.1 million profit, beats analyst estimates
Key Facts
Wintrust Financial posted record net income of $239.1 million in the third quarter of 2026, according to its filing with the U.S. Securities and Exchange Commission. Diluted earnings per share were $3.37, beating analyst estimates as lending and deposits expanded. According to Investing.com, expectations were for $3.31 per share, putting the beat at $0.06. Western Alliance reported quarterly net income of $277.2 million and diluted earnings per share of $2.45 in a separate filing. Investing.com said the bank beat earnings per share and revenue forecasts of $2.43 and $988.23 million, respectively.
At Wintrust, quarterly net interest income totaled $621.6 million, according to its earnings statement. The bank attributed the increase to "strong growth in average earning assets," linking interest income performance to the expansion of its income-generating asset base. Net interest margin under generally accepted accounting principles was 3.49% during the period. On the lending side, total loans increased by $1.1 billion from the previous quarter, according to the same filing. Deposits rose by $1.3 billion over the same period, exceeding the bank's quarterly increase in loans.
On credit quality, Wintrust recorded net loan charge-offs of $21.0 million during the third quarter, according to its earnings statement. Nonperforming loans accounted for 0.31% of the total loan portfolio at the end of September 2026, according to the SEC filing. Western Alliance reported that its annualized net loan charge-off rate fell to 0.30% of average loans. The rate was 0.37% in the previous quarter, according to the comparison in its quarterly statement. Alongside the quarterly results, Western Alliance repurchased $92.1 million of its shares, according to the same filing.
Western Alliance's net interest margin rose to 3.57% in the third quarter from 3.53% in the previous quarter, according to the bank's statement. Its chief executive said "lower deposit costs" were a feature of the period's results, alongside the improvement in margin. Total deposits stood at $81.8 billion at the end of September 2026, according to figures in the bank's earnings filing. Loans held for investment totaled $61.5 billion at the end of the same period. Western Alliance shares were flat in after-hours trading following the earnings announcement, according to Investing.com.
CoastalSouth Bancshares reported net income of $8.8 million in the third quarter of 2026, according to its filing with the U.S. Securities and Exchange Commission. Diluted earnings per share were $0.71 during the period, according to the bank's earnings statement. Net interest margin was 3.70%, higher than the margins reported by both Wintrust and Western Alliance for the same period. CoastalSouth's chief executive linked the strong performance to what he described as "strong gain-on-sale revenue in the government-guaranteed lending business." On the funding side, the bank's core deposits fell by $20.0 million from the previous quarter, according to the statement.
Original loan commitments originated by CoastalSouth for its held-for-investment portfolio totaled $248.2 million during the quarter, under the bank's definition of this activity. These commitments include funded and unfunded portions at loan origination, according to the earnings statement. In the nearest scheduled results follow-up, Wintrust will hold its quarterly earnings conference call on October 20, 2026, according to the official event page. The call is scheduled to begin at 10 a.m. U.S. Central Time. CoastalSouth set November 24, 2026, as the payment date for its declared quarterly cash dividend, according to the bank's filing.