earnings
confidence high
sentiment positive
materiality 0.70
Washington Trust Q4 net income $20.2M ($1.15 EPS); record wealth revenues, dividend raised
WASHINGTON TRUST BANCORP INC
2021-FY EPS reported
$4.39
revenue$228,829,000
- Q4 net income $20.2M, EPS $1.15 vs Q3 $1.07; full-year $76.9M, EPS $4.39 vs $4.00 prior year.
- Wealth management AUA record $7.8B; revenues $10.5M Q4 and $41.3M full-year, both all-time highs.
- Residential mortgage originations full-year record $1.69B; in-market deposits record $4.5B, up 18% YoY.
- Negative provision for credit losses (benefit) of $2.8M in Q4; quarterly dividend raised to $0.54/share (up $0.02).