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 -4.3%, while the Banks industry saw earnings growing at 9.5% annually. Revenues have been growing at an average rate of 0.8% per year. Washington Trust Bancorp's return on equity is 9.9%, and it has net margins of 24.5%.
Key information
-4.3%
Earnings growth rate
-4.0%
EPS growth rate
| Banks Industry Growth | 11.2% |
| Revenue growth rate | 0.8% |
| Return on equity | 9.9% |
| Net Margin | 24.5% |
| Last Earnings Update | 31 Mar 2024 |
Recent past performance updates
Recent updates
Results: Washington Trust Bancorp, Inc. Beat Earnings Expectations And Analysts Now Have New Forecasts
Apr 25
Reassessing Washington Trust Bancorp
Feb 10Washington Trust Bancorp's (NASDAQ:WASH) Upcoming Dividend Will Be Larger Than Last Year's
Mar 20Washington Trust Bancorp declares $0.54 dividend
Sep 15Washington Trust Bancorp: Steady Growth, 3.9% Dividend Yield
Aug 19Washington Trust Bancorp GAAP EPS of $1.14 beats by $0.23, revenue of $53.39M misses by $1.13M
Jul 25Washington Trust Bancorp: Mortgage Banking And Provision Normalization To Drag Earnings
Jun 12Washington Trust Bancorp: Earnings Dip Likely Due To Mortgage Revenue Normalization
Mar 27Washington Trust Bancorp (NASDAQ:WASH) Will Pay A Larger Dividend Than Last Year At US$0.54
Mar 21Is Now The Time To Put Washington Trust Bancorp (NASDAQ:WASH) On Your Watchlist?
Mar 02Washington Trust Bancorp: Earnings To Dip Mostly Due To A Decline In Mortgage Refinancing Activity
Jan 05Washington Trust Bancorp (NASDAQ:WASH) Will Pay A Larger Dividend Than Last Year At US$0.54
Dec 21Here's Why We Think Washington Trust Bancorp (NASDAQ:WASH) Is Well Worth Watching
Dec 01Washington Trust Bancorp: Another Conventional Bank With Unconventional Results
Oct 22Washington Trust: Still Stellar Asset And Credit Quality
Jul 28Washington Trust Bancorp: Favorable Operating Environment To Boost Earnings
May 29Here's Why I Think Washington Trust Bancorp (NASDAQ:WASH) Is An Interesting Stock
May 27Some Shareholders May find It Hard To Increase Washington Trust Bancorp, Inc.'s (NASDAQ:WASH) CEO Compensation This Year
Apr 21Update: Washington Trust Bancorp (NASDAQ:WASH) Stock Gained 48% In The Last Year
Mar 09The Attractive Combination That Could Earn Washington Trust Bancorp, Inc. (NASDAQ:WASH) A Place In Your Dividend Portfolio
Feb 02
Revenue & Expenses BreakdownBeta
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 |
|---|---|---|---|---|
| 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 |
| 30 Sep 13 | 154 | 35 | 79 | 0 |
| 30 Jun 13 | 153 | 34 | 80 | 0 |
Quality Earnings: WASH has high quality earnings.
Growing Profit Margin: WASH's current net profit margins (24.5%) are lower than last year (31.2%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: WASH's earnings have declined by 4.3% per year over the past 5 years.
Accelerating Growth: WASH's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: WASH had negative earnings growth (-31.8%) over the past year, making it difficult to compare to the Banks industry average (-13.2%).
Return on Equity
High ROE: WASH's Return on Equity (9.9%) is considered low.