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Wintrust Specialty Finance Records Milestone Year, Posts $625MM in New Originations

February 08, 2023, 07:23 AM
Filed Under: Industry News

Wintrust Specialty Finance, a division of Beverly Bank & Trust Company, N.A., a Wintrust Community Bank, has closed the books on a banner year in 2022, headlined by over $625 million in new originations.

Supported by parent company Wintrust Financial Corporation, Wintrust Specialty Finance has seen remarkable growth in its first four years of business, with originations in excess of $1.4 billion, a book value of approximately $900 million, and a Compound Annual Growth Rate (CAGR) of approximately 60 percent. Strong credit quality and portfolio performance metrics have continued to serve as driving factors in Wintrust Specialty Finance’s success, seen evidently in 2022.

"Our achievements in 2022 are yet another testament to the unwavering commitment and expertise of the Wintrust Specialty Finance team," said David Normandin, CLFP, President and CEO of Wintrust Specialty Finance. "We are immensely proud to support the continued growth of our partners in the face of economic uncertainty, which wouldn’t be possible without the team’s discipline and consistent service. In 2023 and beyond, we remain dedicated to driving further success for our clients as Wintrust Specialty Finance continues to expand.”

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