Washington Trust Bancorp Past Earnings Performance
Past criteria checks 1/6
Washington Trust Bancorp's earnings have been declining at an average annual rate of -7.3%, while the Banks industry saw earnings growing at 17.4% annually. Revenues have been declining at an average rate of 1.1% per year. Washington Trust Bancorp's return on equity is 9.1%, and it has net margins of 24.2%.
Key information
-7.3%
Earnings growth rate
-7.0%
EPS growth rate
| Banks Industry Growth | 10.6% |
| Revenue growth rate | -1.1% |
| Return on equity | 9.1% |
| Net Margin | 24.2% |
| Last Earnings Update | 30 Sep 2024 |
Recent past performance updates
Recent updates
Revenue & Expenses Breakdown
How Washington Trust Bancorp makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Sep 24 | 189 | 46 | 119 | 0 |
| 30 Jun 24 | 189 | 46 | 119 | 0 |
| 31 Mar 24 | 188 | 46 | 118 | 0 |
| 31 Dec 23 | 190 | 48 | 117 | 0 |
| 30 Sep 23 | 200 | 52 | 119 | 0 |
| 30 Jun 23 | 208 | 59 | 118 | 0 |
| 31 Mar 23 | 217 | 68 | 118 | 0 |
| 31 Dec 22 | 220 | 71 | 116 | 0 |
| 30 Sep 22 | 226 | 75 | 116 | 0 |
| 30 Jun 22 | 226 | 75 | 116 | 0 |
| 31 Mar 22 | 225 | 73 | 118 | 0 |
| 31 Dec 21 | 234 | 77 | 118 | 0 |
| 30 Sep 21 | 230 | 75 | 118 | 0 |
| 30 Jun 21 | 229 | 75 | 118 | 0 |
| 31 Mar 21 | 229 | 78 | 114 | 0 |
| 31 Dec 20 | 215 | 70 | 112 | 0 |
| 30 Sep 20 | 205 | 67 | 107 | 0 |
| 30 Jun 20 | 200 | 67 | 103 | 0 |
| 31 Mar 20 | 195 | 63 | 102 | 0 |
| 31 Dec 19 | 199 | 69 | 99 | 0 |
| 30 Sep 19 | 199 | 70 | 98 | 0 |
| 30 Jun 19 | 196 | 69 | 96 | 0 |
| 31 Mar 19 | 195 | 70 | 95 | 0 |
| 31 Dec 18 | 193 | 68 | 94 | 0 |
| 30 Sep 18 | 192 | 59 | 94 | 0 |
| 30 Jun 18 | 189 | 55 | 94 | 0 |
| 31 Mar 18 | 187 | 50 | 94 | 0 |
| 31 Dec 17 | 182 | 46 | 92 | 0 |
| 30 Sep 17 | 177 | 50 | 91 | 0 |
| 30 Jun 17 | 174 | 49 | 90 | 0 |
| 31 Mar 17 | 170 | 47 | 90 | 0 |
| 31 Dec 16 | 169 | 46 | 90 | 0 |
| 30 Sep 16 | 168 | 45 | 89 | 0 |
| 30 Jun 16 | 164 | 43 | 88 | 0 |
| 31 Mar 16 | 163 | 43 | 86 | 0 |
| 31 Dec 15 | 161 | 43 | 85 | 0 |
| 30 Sep 15 | 160 | 44 | 83 | 0 |
| 30 Jun 15 | 158 | 44 | 81 | 0 |
| 31 Mar 15 | 153 | 42 | 80 | 0 |
| 31 Dec 14 | 150 | 41 | 78 | 0 |
| 30 Sep 14 | 149 | 39 | 77 | 0 |
| 30 Jun 14 | 152 | 39 | 77 | 0 |
| 31 Mar 14 | 153 | 38 | 77 | 0 |
| 31 Dec 13 | 151 | 36 | 78 | 0 |
Quality Earnings: WT1 has high quality earnings.
Growing Profit Margin: WT1's current net profit margins (24.2%) are lower than last year (25.9%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: WT1's earnings have declined by 7.3% per year over the past 5 years.
Accelerating Growth: WT1's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: WT1 had negative earnings growth (-11.7%) over the past year, making it difficult to compare to the Banks industry average (13%).
Return on Equity
High ROE: WT1's Return on Equity (9.1%) is considered low.