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Washington Trust Bancorp Q3 2023 Earnings Report

Washington Trust Bancorp logo
$31.72 +0.96 (+3.12%)
(As of 12/20/2024 05:17 PM ET)

Washington Trust Bancorp EPS Results

Actual EPS
$0.65
Consensus EPS
$0.56
Beat/Miss
Beat by +$0.09
One Year Ago EPS
$1.08

Washington Trust Bancorp Revenue Results

Actual Revenue
$95.95 million
Expected Revenue
$47.25 million
Beat/Miss
Beat by +$48.70 million
YoY Revenue Growth
N/A

Washington Trust Bancorp Announcement Details

Quarter
Q3 2023
Time
After Market Closes

Conference Call Resources

Conference Call Audio

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Washington Trust Bancorp Earnings Headlines

Washington Bancorp Repositions Balance Sheet for Growth
Washington Trust Announces Balance Sheet Repositioning
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Washington Trust Bancorp, Inc. Announces Quarterly Dividend
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About Washington Trust Bancorp

Washington Trust Bancorp (NASDAQ:WASH) operates as the bank holding company for The Washington Trust Company, of Westerly that provides various banking and financial services to individuals and businesses. The company operates in two segments, Commercial Banking and Wealth Management Services. The Commercial Banking segment offers deposit accounts, including interest-bearing and noninterest-bearing demand deposits, NOW and savings accounts, money market and retirement deposit accounts, and time deposits; various commercial and retail lending products, such as commercial real estate loans, including commercial mortgages, and construction and development loans; commercial and industrial loans comprising working capital, equipment financing, and financing for other business-related purposes; residential real estate loans that consist of mortgage and homeowner construction loans; and consumer loans comprising home equity loans and lines of credit, personal installment loans, and loans to individuals secured by general aviation aircraft. This segment also provides debit cards; automated teller machines (ATMs); telephone banking, internet banking, mobile banking, remote deposit capture, and other cash management services; and investment portfolio and wholesale funding services. The Wealth Management Services segment offers investment management; financial planning; personal trust and estate services, such as trustee, personal representative, custodian, and guardian; and settlement of decedents' estates, as well as institutional trust services comprising custody and fiduciary services for personal and institutional clients. Washington Trust Bancorp, Inc. was founded in 1800 and is headquartered in Westerly, Rhode Island.

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