Preferred Stock OfferingsBy Preferred Stock Channel Staff, updated Sat, December 4, 3:28 AM
|This Slide: #317 of 573|
Slide #317. Wintrust Financial Corporation — Preferred Stock Offering
Wintrust Financial Corporation (NASDAQ:WTFC)
Preferred Stock Offering Details:
Wintrust Financial Corporation ("Wintrust" or the "Company") (Nasdaq:WTFC) today announced that it has commenced an underwritten public offering of its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series D, no par value. Wintrust intends to use the net proceeds from this offering for general corporate purposes, which may include, without limitation, investments at the holding company level, providing capital to support the Company's growth, acquisitions or other business combinations, including FDIC-assisted acquisitions and reducing or refinancing existing debt.
Wintrust Financial is a financial holding company.Through its community banking segment, Co.'s banking subsidiaries provide community-oriented, personal and commercial banking services. Through its specialty finance segment, Co. provides financing of insurance premiums for businesses and individuals; accounts receivable financing, out-sourced administrative services; and other finance businesses. Through its wealth management segment, Co. provides a range of wealth management services including trust and investment services, tax-deferred like-kind exchange services, asset management, securities brokerage services and 401(k) and retirement plan services.
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Strong Buy (3.67 out of 4)
(ranked higher than approx. 60% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com