Wintrust Financial Corporation Depositary Shares Each Representing a 1/1000th Interest in a Share of 7.875% Fixed-Rate Reset Non-Cumulative Perpetual Preferred StocK (WTFCN)

FairStock Score: 69/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a preferred holder, I am not buying the bank's upside; I am underwriting a fixed claim. Wintrust looks like a solid community bank: filed net income rose from $622.6M in FY2023 to $695.0M in FY2024 to $823.8M in FY2025, and in fiscal Q2 2026 (quarter ended 2026-06-30) it was $233.7M with diluted EPS of $3.30, up from $195.5M and $2.78 in fiscal Q2 2025. FairStock puts ROE at 12.21% and Piotroski at 5/9, while the Lynch category is STALWART—steady five-year profit growth of 23.0% and revenue growth of 9.3%. That suggests a reasonably healthy regional bank, though bank-specific measures like CET1, NIM, and credit costs are not in my data. The issue is the 7.875% fixed-rate reset non-cumulative perpetual preferred. At $25.60, the yield is 7.69%, slightly below the coupon because the price is above the $25 liquidation preference. The dividend is non-cumulative, so a skipped payment never has to be made up, and the bank's preferred sits behind deposits and debt. FairStock's P/B of 0.24 looks optically cheap, but for a preferred the real question is issuer solvency and dividend coverage. I would pay near par for a high current yield from a profitable bank, but not much above par without seeing capital and credit metrics.

In plain English: Wintrust is a regional bank. Its preferred shares pay a high 7.875% dividend, and the bank has been earning more each year. At $25.60, the price is a little above the $25 face value, so it looks fairly priced for the income it pays, but the dividend can be skipped if the bank hits trouble.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer