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 Q1 2024

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Earnings data Q3 2024

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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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) Q4 Earnings Expected to Decline

WESTERLY, R.I., Jan. 10, 2022 /PRNewswire/ -- Washington Trust Bancorp, Inc. (NASDAQ: WASH), the publicly owned holding company of The Washington Trust Company, will release fourth quarter 2021 earnings and host a conference call with the Corporation's executives as follows: Earnings Release: Wednesday, January 26, 2022, After Market Closes Conference Call: Thursday, January 27, 2022, 8:30 a.m.

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

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20 Dividend Increases To Finish 2021

Washington Trust's (WASH) 3.9% sequential dividend hike represents the eleventh consecutive year of such a dividend increase.

Washington Trust (WASH) Dividend Hike Fails to Cheer Investors

WESTERLY, R.I., Nov. 22, 2021 /PRNewswire/ -- The Washington Trust Company is pleased to announce that the Washington Trust Charitable Foundation has donated a total of $21,000 to assist local hunger relief agencies located throughout the Bank's footprint in RI, MA and CT ahead of the Thanksgiving holiday.

Washington Trust Donates $21,000 to Local Hunger Relief Agencies in Rhode Island, Massachusetts, and Connecticut

WESTERLY, R.I., Nov. 15, 2021 /PRNewswire/ -- The Washington Trust Company today announced it is rebranding its wealth management offices across Rhode Island, Massachusetts, and Connecticut under one unified name:  "Washington Trust Wealth Management.

Washington Trust Rebrands Wealth Management Division

WESTERLY, R.I., Nov. 12, 2021 /PRNewswire/ -- Washington Trust Bancorp, Inc. (Nasdaq: WASH) today announced that the Corporation's Board of Directors adopted a stock repurchase program ("Stock Repurchase Program"), which authorizes the repurchase of up to 850,000 shares, or approximately 5%, of the Corporation's common stock.

Washington Trust Bancorp, Inc. Announces New Stock Repurchase Program

WESTERLY, R.I., Nov. 10, 2021 /PRNewswire/ --  The Washington Trust Company was recently named one of the nation's Best Banks to Work For  by American Banker  magazine as part of its annual list organized by the Best Companies Group.

American Banker Names Washington Trust One of the Nation's Best Banks to Work For

Washington Trust Bancorp's (WASH) CEO Edward Handy on Q3 2021 Results - Earnings Call Transcript

WESTERLY, R.I., Oct. 25, 2021 /PRNewswire/ -- Washington Trust Bancorp, Inc. (Nasdaq:WASH), parent company of The Washington Trust Company, today announced third quarter 2021 net income of $18.8 million, or $1.07 per diluted share, compared to net income of $17.5 million, or $1.00 per diluted share, for the second quarter of 2021.

Washington Trust Reports Third Quarter 2021 Earnings

Washington Trust Bancorp (NASDAQ:WASH) is set to give its latest quarterly earnings report on Monday, 2021-10-25. Here's what investors need to know before the announcement.

Washington Trust Bancorp's Earnings: A Preview

Washington Trust Bancorp has adopted an organic growth strategy as it has not acquired new firms over the five years ending 2020. WASH's ROE was considerably higher than the industry average over the last five years.

Washington Trust Bancorp: Another Conventional Bank With Unconventional Results

Analysts Estimate Washington Trust Bancorp (WASH) to Report a Decline in Earnings: What to Look Out for

WESTERLY, R.I. , Oct. 13, 2021 /PRNewswire/ -- The Washington Trust Company announced its intent to open a new, standalone branch at 1900 Mendon Road in Cumberland, RI after the town planning board recently granted preliminary approval of the plan.

Washington Trust Announces Intent to Open New Branch in Cumberland, RI

WESTERLY, R.I., Oct. 7, 2021 /PRNewswire/ -- Washington Trust Bancorp, Inc. (NASDAQ: WASH), the publicly owned holding company of The Washington Trust Company, will release third quarter 2021 earnings and host a conference call with the Corporation's executives as follows: Earnings Release: Monday, October 25, 2021, After Market Closes Conference Call:  Tuesday, October 26, 2021, 8:30 a.m.

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

WESTERLY, R.I., Oct. 6, 2021 /PRNewswire/ -- The Washington Trust Company was recently named the Best Small Bank in Rhode Island by Newsweek as part of its annual Best Banks listing.

Newsweek Names Washington Trust Best Small Bank in Rhode Island

WESTERLY, R.I., Sept. 30, 2021 /PRNewswire/ -- Washington Trust is pleased to announce that Chairman and CEO Edward "Ned" Handy III was honored with the Community Partner Impact Award from the Nonviolence Institute at their annual Invest In Peace event & fundraiser held at the Temple to Music in Roger Williams Park on Sunday, September 26 th.

Washington Trust's Edward "Ned" O. Handy III Receives Community Partner Impact Award from Nonviolence Institute

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WESTERLY, R.I., July 29, 2021 /PRNewswire/ -- The Washington Trust Company has committed $200,000 over the next four years to support the STAR Campaign for San Miguel, a capital campaign that will enable the San Miguel School in Providence, RI to continue to provide a nurturing environment and exceptional education to their students for years to come.

Washington Trust Commits $200,000 to the San Miguel School's Capital Campaign in Providence, RI

Washington Trust: Still Stellar Asset And Credit Quality

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Washington Trust Bancorp, Inc.'s (WASH) CEO Edward Handy on Q2 2021 Results - Earnings Call Transcript

Washington Trust (WASH) delivered earnings and revenue surprises of -11.50% and -4.24%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Washington Trust Bancorp (WASH) Q2 Earnings and Revenues Lag Estimates

Shares of Washington Trust Bancorp (NASDAQ:WASH) fell in after-market trading after the company reported Q2 results. Quarterly Results Earnings per share fell 17.36% year over year to $1.00, which missed the estimate of $1.07.

Recap: Washington Trust Bancorp Q2 Earnings

News for Washington Trust Bancorp Stock (WASH)