Wintrust posts 3Q profit

LAKE FOREST - Wintrust Financial Corp., which operates several community banks in Elk Grove Village, Bloomingdale and other suburbs, Tuesday posted third quarter net income of $32 million, or $1.07 per share, compared with a $2.4 million loss, or 13 cents per share, for the same period last year.

Quarter-end nonperforming loans include about $17 million of administrative past-due loans, which have been made current by the borrower.

Further, nonperforming assets have been reduced by an additional $8 million after Sept. 30.

The company said it anticipates continued aggressive disposition of existing problem assets in the fourth quarter.