earnings
confidence high
sentiment neutral
materiality 0.60
Washington Trust Q2 net income $17.5M ($1.00 EPS) vs Q1 $20.5M ($1.17 EPS); wealth management revenues record $10.4M
WASHINGTON TRUST BANCORP INC
2021-Q2 EPS reported
$2.17
revenue$114,192,000
- Net income $17.5M, diluted EPS $1.00; ROAE 12.92%, ROAA 1.20%.
- No provision for credit losses in Q2; negative $2.0M in Q1.
- Wealth management revenues $10.4M (record high); AUA $7.4B (record).
- Mortgage banking revenues $6.0M, down 50% QoQ on lower sales yields.
- Quarterly dividend declared $0.52 per share, paid July 9, 2021.