|
Strong Buy (3.85 out of 4)
100th percentile
|
|
|
Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Saturday, April 20, 7:54 AM
Slide #133. Wintrust Financial Corporation — Preferred Stock Offering
Company: |
Wintrust Financial Corporation (NASDAQ:WTFC) |
Date announced: |
5/6/2020 |
Shares Offered: |
10,000,000 |
Date of Pricing: |
5/6/2020 |
Price Per Share: |
$25.00 |
Preferred Stock Offering Details: |
Wintrust Financial Corporation ("Wintrust") (Nasdaq: WTFC) today announced that it has priced an underwritten public offering of 10 million depositary shares with a liquidation preference of $25.00 per share (the "Depositary Shares") for gross proceeds of $250 million before deducting underwriting discounts and other estimated offering expenses. Each Depositary Share represents a 1/1,000th interest in a share of Wintrust's 6.875% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series E. In connection with the offering, Wintrust has granted the underwriters a 30-day option to purchase up to 1.5 million additional Depositary Shares. The offering is expected to close on May 15, 2020, subject to customary closing conditions. |
Wintrust Financial is a financial holding company. Co. conducts its businesses through three primary segments: community banking, specialty finance and wealth management. Through its community banking segment, Co.'s banking subsidiaries (collectively, the banks) provide community-oriented, personal and commercial banking services to customers located in the Chicago metropolitan area, southern Wisconsin and northwest Indiana (Co.'s market area). 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. Preferreds: WTFCM, WTFCP
Open the WTFC Page at Preferred Stock Channel »
Name: |
Wintrust Financial Corp (IL) |
Website: |
www.wintrust.com |
Sector: |
Banking & Savings |
Number of ETFs Holding WTFC: |
65 (see which ones) |
Total Market Value Held by ETFs: |
$1,088,916,305.22 |
Total Market Capitalization: |
$5,807,000,000 |
% of Market Cap. Held by ETFs: |
18.75% |
|
Open the WTFC Page at Preferred Stock Channel (in a new window) »
|
|