WTFC · Wintrust Financial Q2 FY2026 earnings call record财报电话会记录

“These investments are part of our effort to build for our future so that we can continue to deliver the exceptional experience our customers and the market expect from us.”

“The net interest margin was negatively impacted by 1 basis point due to one additional day in the quarter, 2 basis points related to the backbook reprice of the premium finance portfolio, and 1 basis point related to other items, including mix and the spread compression that I discussed.”

“The result was a margin of 3.52% for the second quarter of 2026, and has ranged from 3.50%-3.59% during the last 10 quarters, showing the sustained stability of this metric.”

“The roughly $7 million increase was primarily the result of a $4 million improvement in mortgage banking revenue, as the spring buying season provided a modest amount of increased purchase volume and related revenues.”

“The primary reasons for the increase, other than to support the exceptional growth, were salary and employee benefits expense increased by approximately $5.6 million as compared to the first quarter, due primarily to the second quarter having a full effect of annual merit increases that were effective February 1st, increased commissions to support the higher mortgage production, and $2 million impact from the BOLI-related deferred comp expense I just discussed.”

“The company accomplished exceptional loan and deposit growth, a relatively stable net interest margin, another record level of net income, sustained growth in tangible book value per share, and a continued low level of non-performing assets.”

“Independent of the actual margin, we expect solid net interest income growth and good operating leverage.”

“Overarching, I would say we probably still expect 1 or 2 basis point impact to the margin from the premium finance back book in the third quarter.”

“Every major category was up a little bit, and the customers are feeling pretty good.”

“We certainly would look at appropriate acquisitions if they were a good fit and further down the chain, you get buybacks and/or kind of repayment of some debt and followed by dividends.”

“Well, as Dave said, we expect to continue to grow deposits and with respect to mix, the challenge for us is we tend to outperform the market in terms of our deposit growth.”

“I guess what I would point to is if you look at the loan growth, particularly C&I loan growth and some of the other verticals, when we win business in those categories, we expect those customers to bring us deposits.”