LAKE FOREST, Ill., Oct. 20, 2009 (GLOBE NEWSWIRE) -- Wintrust Financial Corporation ("Wintrust") (Nasdaq:WTFC) today announced it will release its third quarter 2009 earnings on Tuesday, October 27, 2009, at 6:00 a.m. (Central Daylight Time). A conference call will be held the same day at 1:00 p.m. (CDT). Individuals interested in listening should call 877-795-3635 and enter Conference ID #9807043. A simultaneous audio-only web cast and replay of the conference call may be accessed via the Company's web site at http://www.wintrust.com, Investor News and Events, Presentations & Conference Calls. The text of the third quarter 2009 earnings press release will be available on the home page of the Company's website at http://www.wintrust.com and at the Investor News and Events, Press Releases link on its website.
Date: October 27, 2009 Time: 1:00 PM CT Listen via Internet: http://www.wintrust.com Schedule this webcast into MS-Outlook calendar (click open when prompted): http://apps.shareholder.com/PNWOutlook/t.aspx?m=39366&k=D54B339A
ABOUT WINTRUST
Wintrust is a financial holding company with assets of approximately $12 billion whose common stock is traded on the Nasdaq Stock Market (Nasdaq:WTFC). Wintrust operates fifteen community bank subsidiaries that are located in the greater Chicago and Milwaukee market areas. Additionally, the Company operates various non-bank subsidiaries including one of the largest commercial insurance premium finance companies operating in the United States, a company providing short-term accounts receivable financing and value-added out-sourced administrative services to the temporary staffing services industry, companies engaging primarily in the origination and purchase of residential mortgages for sale into the secondary market throughout the United States, and companies providing wealth management services including broker-dealer, money management services, advisory services, and trust and estate services. Currently, Wintrust operates more than 75 banking offices.
FORWARD-LOOKING STATEMENTS
This document contains forward-looking statements within the meaning of federal securities laws. Forward-looking information in this document can be identified through the use of words such as "may," "will," "intend," "plan," "project," "expect," "anticipate," "should," "would," "believe," "estimate," "contemplate," "possible," and "point." The forward-looking information is premised on many factors, some of which are outlined below. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and is including this statement for purposes of invoking these safe harbor provisions. Such forward-looking statements may be deemed to include, among other things, statements relating to the Company's projected growth, anticipated improvements in earnings, earnings per share and other financial performance measures, and management's long-term performance goals, as well as statements relating to the anticipated effects on financial results of condition from expected developments or events, the Company's business and growth strategies, including anticipated internal growth, plans to form additional de novo banks and to open new branch offices, and to pursue additional potential development or acquisitions of banks, wealth management entities or specialty finance businesses. Actual results could differ materially from those addressed in the forward-looking statements as a result of numerous factors, including the following:
-- Competitive pressures in the financial services business which
may affect the pricing of the Company's loan and deposit products
as well as its services (including wealth management services).
-- Changes in the interest rate environment, which may influence,
among other things, the growth of loans and deposits, the quality
of the Company's loan portfolio, the pricing of loans and deposits
and interest income.
-- The extent of defaults and losses on our loan portfolio.
-- Unexpected difficulties or unanticipated developments related to
the Company's strategy of de novo bank formations and openings. De
novo banks typically require 13 to 24 months of operations before
becoming profitable, due to the impact of organizational and
overhead expenses, the startup phase of generating deposits and
the time lag typically involved in redeploying deposits into
attractively priced loans and other higher yielding earning assets.
-- The ability of the Company to obtain liquidity and income from the
sale of premium finance receivables in the future and the unique
collection and delinquency risks associated with such loans.
-- Failure to identify and complete acquisitions in the future or
unexpected difficulties or unanticipated developments related to
the integration of acquired entities with the Company.
-- Legislative or regulatory changes or actions, or significant
litigation involving the Company.
-- Changes in general economic conditions in the markets in which the
Company operates.
-- The ability of the Company to receive dividends from its
subsidiaries.
-- The loss of customers as a result of technological changes
allowing consumers to complete their financial transactions
without the use of a bank.
-- The ability of the Company to attract and retain senior management
experienced in the banking and financial services industries.
-- The risk that the terms of the U.S. Treasury Department's Capital
Purchase Program could change.
-- The other risk factors set forth in the Company's filings with the
Securities and Exchange Commission.