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WASH

Washington Trust Bancorp, Inc.

$55.35

Earnings Summary

Revenue
$53.37Mn
Net Profits
$19.96Mn
Net Profit Margins
37.4%
PE Ratio
10.92

Highlights

Revenue:

Washington Trust Bancorp, Inc.’s revenue fell -3.58% since last year same period to $53.37Mn in the Q2 2022. On a quarterly growth basis, Washington Trust Bancorp, Inc. has generated 2.14% jump in its revenue since last 3-months.

Net Profits:

Washington Trust Bancorp, Inc.’s net profit jumped 14.3% since last year same period to $19.96Mn in the Q2 2022. On a quarterly growth basis, Washington Trust Bancorp, Inc. has generated 21.08% jump in its net profits since last 3-months.

Net Profit Margins:

Washington Trust Bancorp, Inc.’s net profit margin jumped 18.54% since last year same period to 37.4% in the Q2 2022. On a quarterly growth basis, Washington Trust Bancorp, Inc. has generated 18.54% jump in its net profit margins since last 3-months.

PE Ratio:

Washington Trust Bancorp, Inc.’s price-to-earnings ratio after this Q2 2022 earnings stands at 10.92.

Earnings per share (EPS) Estimates

Earnings per share (EPS) estimates of the Washington Trust Bancorp, Inc. post its latest quarter earnings

EPS Estimate Current Quarter
0.96
EPS Estimate Current Year
0.96

Highlights

EPS Estimate Current Quarter:

Washington Trust Bancorp, Inc.’s earning per share (EPS) estimates for the current quarter stand at 0.96 - a 5.49% jump from last quarter’s estimates.

EPS Estimate Current Year:

Washington Trust Bancorp, Inc.’s earning per share (EPS) estimates for the current year stand at 0.96.

Key Ratios

Key ratios of the Washington Trust Bancorp, Inc. post its Q2 2022 earnings

Earning Per Share (EPS)
1.14
Return on Assets (ROA)
0.01
Return on Equity (ROE)
0.14
Dividend Per Share (DPS)
2.1

Highlights

Earning Per Share (EPS):

Washington Trust Bancorp, Inc.’s earning per share (EPS) jumped 14% since last year same period to 1.14 in the Q2 2022. This indicates that the Washington Trust Bancorp, Inc. has generated 14% annual rate of jump in its earning per share (EPS) in the last 4 quarters.

Return on Assets (ROA):

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. Washington Trust Bancorp, Inc.’s return on assets (ROA) stands at 0.01.

Earning Per Share (EPS):

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. Washington Trust Bancorp, Inc.’s return on equity (ROE) stands at 0.14.

Dividend Per Share (DPS):

Washington Trust Bancorp, Inc. declared 2.1 dividend per share during the earnings announcement for Q2 2022.

Earnings Calendar

Earnings DateEstimated EPSReported EPSSurprise %
2022-08-04
0.91
1.14
25.27%
2022-05-05
0.92
0.94
2.17%

Company Information

Washington Trust Bancorp, Inc., the parent of The Washington Trust Company, had $5.7 billion in assets as of December 31, 2020. Founded in 1800, Washington Trust is the oldest community bank in the nation, the largest state-chartered bank headquartered in Rhode Island and one of the Northeast's premier financial services companies. Washington Trust offers a full range of financial services, including commercial banking, mortgage banking, personal banking and wealth management and trust services through its offices located in Rhode Island, Connecticut and Massachusetts.

Organisation
Washington Trust Bancorp, Inc.
Headquarters
Westerly, Rhode Island, US
Employees
609
Industry
Finance
CEO
Edward Handy