Wintrust Specialty Finance, a division of Beverly Bank & Trust Company, a Wintrust Community Bank, closed the books on a banner year in 2022 headlined by more than $625 million in new originations.
Supported by parent company Wintrust Financial, 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%. Strong credit quality and portfolio performance metrics have continued to serve as driving factors in Wintrust Specialty Finance’s success.
“Our achievements in 2022 are yet another testament to the unwavering commitment and expertise of the Wintrust Specialty Finance team,” David Normandin, CLFP, president and CEO of Wintrust Specialty Finance, said. “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.”
