WINTRUST FINANCIAL CORP Earnings Per Share Disclosure
| (In thousands, except per share data) | 2025 | 2024 | 2023 | |||||||||||||||||||||||
| Net income | $ | 823,844 | $ | 695,045 | $ | 622,626 | ||||||||||||||||||||
| Less: Preferred stock dividends | 35,644 | 27,964 | 27,964 | |||||||||||||||||||||||
| Less: Preferred stock redemption | 14,046 | — | — | |||||||||||||||||||||||
| Net income applicable to common shares | (A) | $ | 774,154 | $ | 667,081 | $ | 594,662 | |||||||||||||||||||
| Weighted average common shares outstanding | (B) | 66,896 | 63,685 | 61,149 | ||||||||||||||||||||||
| Effect of dilutive potential common shares: | ||||||||||||||||||||||||||
Common stock equivalents | 998 | 1,016 | 938 | |||||||||||||||||||||||
| Weighted average common shares and effect of dilutive potential common shares | (C) | 67,894 | 64,701 | 62,087 | ||||||||||||||||||||||
| Net income per common share: | ||||||||||||||||||||||||||
| Basic | (A/B) | $ | 11.57 | $ | 10.47 | $ | 9.72 | |||||||||||||||||||
| Diluted | (A/C) | 11.40 | 10.31 | 9.58 | ||||||||||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 26, 2026 | Showing above |
| 2024 | Feb 28, 2025 | |
| 2023 | Feb 28, 2024 | |
| 2022 | Feb 28, 2023 | |
| 2021 | Feb 25, 2022 | |
| 2020 | Feb 26, 2021 | |
| 2019 | Feb 28, 2020 | |
| 2018 | Feb 28, 2019 | |
| 2017 | Feb 28, 2018 | |
| 2016 | Feb 28, 2017 | |
| 2015 | Feb 29, 2016 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.