Washington Trust Bancorp

Washington Trust Bancorp, Inc. operates as a bank holding company. The firm engages in the provision of financial services, including business banking, personal banking and wealth management and trust services. It operates through the following segments: Commercial Banking and Wealth Management Services. The Commercial Banking segment includes commercial, residential and consumer lending activities, mortgage banking activities, deposit generation, cash management activities and direct banking activities, which include the operation of ATMs, telephone and internet banking services and customer support and sales. The Wealth Management Services segment includes investment management, financial planning, personal trust and estate services, including services as trustee, personal representative, custodian and guardian and institutional trust services are also provided, including fiduciary services. The company was founded in 1984 and is headquartered in Westerly, RI.

Earnings data Q1 2021

Earnings data Q2 2021

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Earnings data Q2 2023

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Earnings data Q1 2024

Earnings data Q2 2024

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Earnings data Q4 2024

Washington Trust Bancorp reports solid Q4 earnings amidst leadership changes

Washington Trust Bancorp's Q4 2022 earnings call highlighted solid financial performance with net income of $16.6 million and strong loan growth.
The company faced challenges in non-interest income drivers and expenses, but maintained a focus on talent investment and technology enhancements.
Opportunities lie in improving revenue streams, enhancing customer experience, and leveraging the DE&I initiatives for long-term growth and stability.
Overall, the company showcased resilience in managing financial metrics and leadership transitions, setting a positive tone for future growth and innovation.

Washington Trust Bancorp reports Q1 earnings dip but eyes growth

Washington Trust Bancorp's Q1 performance reflects a mixed financial picture with lower net income but steady loan growth.
The company's focus on customer experience through new branches and technology investments bodes well for future growth.
While facing challenges in asset yields and funding costs, Washington Trust Bancorp remains optimistic about its ability to navigate economic headwinds.

Washington Trust Bancorp achieves record assets and solid financials

Washington Trust Bancorp delivered solid financial performance in Q2 2023, driven by loan growth, deposit expansion, and strong wealth management.
While facing challenges in net interest income and sustaining loan growth, the company's focus on digital innovation and community service remains a strength.
Opportunities lie in further branch expansion, leveraging mortgage revenue growth, and enhancing digital offerings to drive future success.
Overall, Washington Trust Bancorp's strong asset quality and capital position position it well for continued growth and resilience in the market.

Washington Trust Bancorp reports solid Q3 earnings amidst economic challenges

Washington Trust Bancorp's Q3 performance reflects a balanced approach to revenue generation and cost management.
Strong credit quality and controlled expenses position the company well amidst economic challenges and market uncertainties.
Opportunities for growth exist through deposit expansion, branch openings, and strategic initiatives in mortgage banking.
Addressing challenges in loan growth and wealth management will be key to sustaining profitability and driving future success.

Washington Trust Bancorp reports Q4 earnings, eyes growth opportunities

Washington Trust Bancorp's Q4 2023 performance reflects a mixed financial outcome with a decline in noninterest income but growth in total loans. The company's strategic focus on technology, capital credit, and deposits positions it well for potential improvements in external conditions in 2024.

Washington Trust Bancorp reports solid Q1 performance and eyes growth

Washington Trust Bancorp's Q1 2024 performance showcased strength in financials and asset quality, with a focus on balance sheet resilience and deposit growth. Challenges include expense increases and net charge-offs, while opportunities lie in deposit-related enhancements and positive trends in office properties. The company is well-positioned to capitalize on growth opportunities.

Washington Trust Bancorp posts solid Q2 results amidst growth opportunities

Washington Trust Bancorp delivered a solid performance in Q2 2024, reporting a net income of $10.8 million and showcasing stability in its revenue streams. The company's focus on wealth management and mortgage banking segments contributed to revenue growth.
Despite challenges in loan growth and potential economic uncertainties, the bank managed its expenses efficiently and maintained strong asset quality metrics. Washington Trust Bancorp's ability to navigate market conditions and capitalize on opportunities positions it well for future growth.
Moving forward, Washington Trust Bancorp has opportunities to drive loan growth, enhance interest income, and further strengthen its market position. By leveraging its strengths and addressing challenges effectively, the company can sustain its financial performance and drive value for stakeholders.

Washington Trust Bancorp reports stable Q3 performance and eyes margin expansion in 2025

Washington Trust Bancorp's Q3 performance reflects stability, strong fee businesses, and growth potential in mortgage and commercial pipelines.
While challenges such as deposit costs and delinquent loans exist, the company's focus on margin expansion and risk management presents opportunities for future success.
Overall, the earnings call highlights a resilient financial performance, strategic opportunities for growth, and ongoing challenges that require attention and management.

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WESTERLY, R.I., July 21, 2021 /PRNewswire/ -- Washington Trust Bancorp, Inc. (Nasdaq: WASH), parent company of The Washington Trust Company, today announced second quarter 2021 net income of $17.5 million, or $1.00 per diluted share, compared to net income of $20.5 million, or $1.17 per diluted share, for the first quarter of 2021.

Washington Trust Reports Second Quarter 2021 Earnings

Washington Trust (WASH) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Washington Trust Bancorp (WASH) Q2 Earnings Expected to Decline

WESTERLY, R.I., July 7, 2021 /PRNewswire/ -- Washington Trust Bancorp, Inc. (NASDAQ: WASH), the publicly owned holding company of The Washington Trust Company, will release second quarter 2021 earnings and host a conference call with the Corporation's executives as follows: Earnings Release: Wednesday, July 21, 2021, After Market Closes Conference Call: Thursday, July 22, 2021, 8:30 a.m.

Washington Trust Announces Date of Second Quarter 2021 Earnings Release, Conference Call and Webcast

WESTERLY, R.I., June 25, 2021 /PRNewswire/ -- The Washington Trust Company was named by Forbes as one of 'America's Best-In-State Banks' for the second year in a row.

Forbes Names Washington Trust on 'America's Best-In-State Banks' List

WESTERLY, R.I., May 19, 2021 /PRNewswire/ -- Washington Trust Bancorp, Inc. ("the Corporation") (NASDAQ: WASH) today announced that Lisa M.

Washington Trust Elects Lisa Stanton to Board

WESTERLY, R.I., April 27, 2021 /PRNewswire/ -- Washington Trust Bancorp, Inc. ("the Corporation") (NASDAQ: WASH), the publicly owned holding company of The Washington Trust Company, today held a live webcast of its Annual Meeting of Shareholders.

Washington Trust Annual Meeting Highlights Strong Results

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Washington Trust Bancorp, Inc. (WASH) CEO Ned Handy on Q1 2021 Results - Earnings Call Transcript

Washington Trust (WASH) delivered earnings and revenue surprises of 8.33% and 0.42%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

Washington Trust Bancorp (WASH) Q1 Earnings and Revenues Surpass Estimates

Shares of Washington Trust Bancorp (NASDAQ:WASH) were flat in after-market trading after the company reported Q1 results. Quarterly Results Earnings per share rose 72.06% year over year to $1.17, which beat the estimate of $1.04.

Recap: Washington Trust Bancorp Q1 Earnings

WESTERLY, R.I., April 21, 2021 /PRNewswire/ -- Washington Trust Bancorp, Inc. (Nasdaq: WASH), parent company of The Washington Trust Company, today announced first quarter 2021 net income of $20.5 million, or $1.17 per diluted share, compared to net income of $18.6 million, or $1.07 per diluted share, for the fourth quarter of 2020.

Washington Trust Reports First Quarter 2021 Earnings

Washington Trust Bancorp (WASH) Earnings Expected to Grow: Should You Buy?

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WESTERLY, R.I., April 7, 2021 /PRNewswire/ -- Washington Trust Bancorp, Inc. (NASDAQ: WASH), the publicly owned holding company of The Washington Trust Company, will release first quarter 2021 earnings and host a conference call with the Corporation's executives as follows: Earnings Release: Wednesday, April 21, 2021, After Market Closes Conference Call: Thursday, April 22, 2021, 8:30 a.m.

Washington Trust Announces Date of First Quarter 2021 Earnings Release, Conference Call and Webcast

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Washington Trust Bancorp (WASH) has been struggling lately, but the selling pressure may be coming to an end soon.

Washington Trust Bancorp (WASH) Sees Hammer Chart Pattern: Time to Buy?

WESTERLY, R.I., Jan. 28, 2021 /PRNewswire/ -- Washington Trust Bancorp, Inc. (NASDAQ: WASH), the bank holding company for The Washington Trust Company, today announced that, due to the continuing pandemic, its 2021 Annual Meeting of Shareholders will be held by live webcast on April 27,...

Washington Trust Bancorp, Inc. Announces Date for Annual Shareholders Meeting

Washington Trust Bancorp, Inc.'s (WASH) CEO Ned Handy on Q4 2020 Results - Earnings Call Transcript

Washington Trust (WASH) delivered earnings and revenue surprises of 10.31% and 10.04%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

Washington Trust Bancorp (WASH) Q4 Earnings and Revenues Beat Estimates

WESTERLY, R.I., Jan. 27, 2021 /PRNewswire/ -- Washington Trust Bancorp, Inc. (Nasdaq:WASH), parent company of The Washington Trust Company, today announced fourth quarter 2020 net income of $18.6 million, or $1.07 per diluted share, compared to net income of $18.3 million, or $1.06 per...

Washington Trust Reports Fourth Quarter and Full-Year 2020 Earnings

WESTERLY, R.I., Jan. 8, 2021 /PRNewswire/ -- Washington Trust Bancorp, Inc. (NASDAQ: WASH), the publicly owned holding company of The Washington Trust Company, will release fourth quarter 2020 earnings and host a conference call with the Corporation's executives as follows: Earnings...

Washington Trust Announces Date of Fourth Quarter 2020 Earnings Release, Conference Call and Webcast

Washington Trust Bancorp: A Gem Hidden In The Rough

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Washington Trust Bancorp, Inc.'s (WASH) CEO Ned Handy on Q3 2020 Results - Earnings Call Transcript

Washington Trust (WASH) delivered earnings and revenue surprises of 2.91% and 3.30%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

News for Washington Trust Bancorp Stock (WASH)