Wintrust reports record $189M net income in Q1
Equipment loans totaled $1.1B
Wintrust Financial reported a record net income of $189 million, or $2.69 per diluted common share, in the first quarter, up from $185.4 million, or $2.63 per share, in Q4 2024.
Within the specialty finance segment, which includes equipment lending, Wintrust’s insurance premium finance originations totaled $4.8 billion, according to an April 21 release. Equipment finance capital leases, loans and operating leases reached $2.7 billion, $1.1 billion and $280.5 million in Q1, respectively.
Total loans increased $653 million, or 6% annualized, while total deposits rose $1.1 billion, or 8% annualized. Total assets grew $1 billion, or 6% annualized, in Q1.
The provision for credit losses rose to $24 million from $17 million in Q4 2024, while net charge-offs declined to $12.6 million from $15.9 million. The allowance for credit losses increased to $448.4 million, or 1.37% of total loans.
The third annual Equipment Finance Connect at the JW Marriott Nashville in Nashville, Tenn., on May 14-15, 2025, is the only event that brings together equipment dealers and lenders to share insights, attend discussions on crucial industry topics and network with peers. Learn more about the event and register here.
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