Washington Trust Bancorp, Inc.

NasdaqGS:WASH Stock Report

Market Cap: US$601.9m

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 7% 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 Growth11.2%
Revenue growth rate-1.1%
Return on equity9.1%
Net Margin24.2%
Last Earnings Update30 Sep 2024

Recent past performance updates

Recent updates

Washington Trust: The New Macroeconomic Environment Could Be Favorable (Rating Upgrade)

Oct 23

Washington Trust Bancorp (NASDAQ:WASH) Will Pay A Dividend Of $0.56

Sep 24
Washington Trust Bancorp (NASDAQ:WASH) Will Pay A Dividend Of $0.56

Washington Trust Bancorp: Is Its Dividend Sustainable In Case Of A Recession?

Aug 10

Earnings Beat: Washington Trust Bancorp, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

Jul 26
Earnings Beat: Washington Trust Bancorp, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

Washington Trust Bancorp's (NASDAQ:WASH) Dividend Will Be $0.56

Jun 24
Washington Trust Bancorp's (NASDAQ:WASH) Dividend Will Be $0.56

Washington Trust Bancorp: 8.54% Dividend Yield, Is It A Trap?

May 26

Results: Washington Trust Bancorp, Inc. Beat Earnings Expectations And Analysts Now Have New Forecasts

Apr 25
Results: Washington Trust Bancorp, Inc. Beat Earnings Expectations And Analysts Now Have New Forecasts

Reassessing Washington Trust Bancorp

Feb 10

Washington Trust Bancorp's (NASDAQ:WASH) Upcoming Dividend Will Be Larger Than Last Year's

Mar 20
Washington Trust Bancorp's (NASDAQ:WASH) Upcoming Dividend Will Be Larger Than Last Year's

Washington Trust Bancorp declares $0.54 dividend

Sep 15

Washington Trust Bancorp: Steady Growth, 3.9% Dividend Yield

Aug 19

Washington Trust Bancorp GAAP EPS of $1.14 beats by $0.23, revenue of $53.39M misses by $1.13M

Jul 25

Washington Trust Bancorp: Mortgage Banking And Provision Normalization To Drag Earnings

Jun 12

Washington Trust Bancorp: Earnings Dip Likely Due To Mortgage Revenue Normalization

Mar 27

Washington Trust Bancorp (NASDAQ:WASH) Will Pay A Larger Dividend Than Last Year At US$0.54

Mar 21
Washington Trust Bancorp (NASDAQ:WASH) Will Pay A Larger Dividend Than Last Year At US$0.54

Is Now The Time To Put Washington Trust Bancorp (NASDAQ:WASH) On Your Watchlist?

Mar 02
Is Now The Time To Put Washington Trust Bancorp (NASDAQ:WASH) On Your Watchlist?

Revenue & Expenses Breakdown

How Washington Trust Bancorp makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NasdaqGS:WASH Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 24189461190
30 Jun 24189461190
31 Mar 24188461180
31 Dec 23190481170
30 Sep 23200521190
30 Jun 23208591180
31 Mar 23217681180
31 Dec 22220711160
30 Sep 22226751160
30 Jun 22226751160
31 Mar 22225731180
31 Dec 21234771180
30 Sep 21230751180
30 Jun 21229751180
31 Mar 21229781140
31 Dec 20215701120
30 Sep 20205671070
30 Jun 20200671030
31 Mar 20195631020
31 Dec 1919969990
30 Sep 1919970980
30 Jun 1919669960
31 Mar 1919570950
31 Dec 1819368940
30 Sep 1819259940
30 Jun 1818955940
31 Mar 1818750940
31 Dec 1718246920
30 Sep 1717750910
30 Jun 1717449900
31 Mar 1717047900
31 Dec 1616946900
30 Sep 1616845890
30 Jun 1616443880
31 Mar 1616343860
31 Dec 1516143850
30 Sep 1516044830
30 Jun 1515844810
31 Mar 1515342800
31 Dec 1415041780
30 Sep 1414939770
30 Jun 1415239770
31 Mar 1415338770
31 Dec 1315136780

Quality Earnings: WASH has high quality earnings.

Growing Profit Margin: WASH'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: WASH's earnings have declined by 7.3% 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 (-11.7%) over the past year, making it difficult to compare to the Banks industry average (-11.8%).

Return on Equity

High ROE: WASH's Return on Equity (9.1%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/23 11:36
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Washington Trust Bancorp, Inc. is covered by 7 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Erik ZwickBoenning & Scattergood, Inc.
Taylor BrodarickGuggenheim Securities, LLC
Damon DelMonteKeefe, Bruyette, & Woods