ROSEMONT, Ill. (AP) _ Wintrust Financial Corp. (WTFC) on Tuesday reported first-quarter profit of $62.8 million.

The Rosemont, Illinois-based bank said it had earnings of $1.04 per share.

The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 46 cents per share.

The bank holding company posted revenue of $457.3 million in the period. Its revenue net of interest expense was $374.7 million, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $360.2 million.

Wintrust shares have decreased 53% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $33.53, a decrease of 56% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WTFC at https://www.zacks.com/ap/WTFC

Automated Insights, source Associated Press News