Wintrust Financial (NASDAQ:WTFC) reported its Q1 earnings results on Wednesday, with EPS of $2.80 beating the Street estimate of $2.57. However, revenues came in at $565.76 million, missing the Street estimate of $571.43 million.
Overall, this was a good quarter for the company, highlighted by margin expansion and deposit stability. Results also benefited from favorable noninterest income and expense trends, which supported overall earnings.
Net interest income increased 0.3% sequentially to $458.0 million, driven by loan growth and margin expansion. Management provided an updated outlook and is now expecting loan growth for 2023 at the lower end of their mid-to-high single-digit range.