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.
Article Comments
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked.
If a comment violates these standards or our terms of service, click the "flag" link in the lower-right corner of the comment box. To find our more, read our FAQ.