Washington Trust Q4 EPS $0.95 vs $1.08 QoQ; loans hit record $5.1B

WASHINGTON TRUST BANCORP INC

2022-FY EPS reported $4.11 revenue$218,592,000

Net income $16.6M ($0.95 diluted EPS) vs Q3 $18.7M ($1.08); full-year 2022 $4.11 EPS vs $4.39 in 2021.
Total loans record $5.1B, up 5% QoQ and 20% YoY; net interest margin narrowed 17 bps to 2.65% on higher funding costs.
Wealth management revenues fell 9% QoQ to $8.6M; $673M client asset outflows from departure of four advisors; further withdrawals possible.
Quarterly dividend increased 2 cents to $0.56 per share, marking 12th consecutive year of dividend growth.
Nonaccrual loans stable at 0.25% of loans; provision for credit losses $800K consistent with prior quarter.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

WASHINGTON TRUST BANCORP INC reported the year ended December 31, 2022 results: net income $71.7 million, EPS $4.11 per diluted share.

Period: the year ended December 31, 2022
Net income: $71.7 million
EPS: $4.11 per diluted share
Result: reported results

Exact text from the filing

Net income for the year ended December 31, 2022 totaled $71.7 million, or $4.11 per diluted share

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

WASHINGTON TRUST BANCORP INC reported fourth quarter 2022 results: net income $16.6 million, EPS $0.95 per diluted share.

Period: fourth quarter 2022
Net income: $16.6 million
EPS: $0.95 per diluted share
Result: reported results

Exact text from the filing

Washington Trust Bancorp, Inc. (Nasdaq: WASH), parent company of The Washington Trust Company, today announced fourth quarter 2022 net income of $16.6 million, or $0.95 per diluted share

View on SEC.gov

13 earnings releases filed in the last 30 days. Browse all earnings releases →

WASHINGTON TRUST BANCORP INC filing history →

Source: SEC EDGAR

accession 0000737468-23-000003

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.