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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 616M | 4.1% |
| Gross Profit | 233M | 10.1% |
| Cost of Revenue | 383M | 0.7% |
| Operating expense | 71M | 7.3% |
| Net Income | 170M | 11.6% |
| EBITDA | 643M | 8.6% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 63.8B | 6.7% |
| Total Liabilities | 57.4B | 5.8% |
| Total Equity | 6.4B | 15.6% |
| Shares Outstanding | 65M | 4.9% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | -62M | 127.9% |
| Cash from investing | -663M | 69.1% |
| Cash from financing | 1.04B | 46.9% |
EPS
Financial Highlights for Wintrust Financial in Q3 '24
Wintrust Financial reported a revenue of 616M, which is a 4.1% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 233M, marking a 10.1% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 383M, a 0.7% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 71M, showing a 7.3% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 170M, showing a 11.6% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 643M, showing a 8.6% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Wintrust Financial with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
