Washington Trust Q2 net income $11.3M ($0.66 EPS) down from $12.8M in Q1

WASHINGTON TRUST BANCORP INC

2023-Q2 EPS reported $1.41 revenue$98,301,000

Net income $11.3M ($0.66 diluted EPS) vs Q1 net income $12.8M ($0.74 EPS).
Net interest income $33.5M, down 10% QoQ; net interest margin 2.03%, down 30 bps.
Noninterest income $14.3M, up 8% QoQ on higher wealth management and mortgage banking revenues.
Loans hit all-time high $5.4B (+3%); in-market deposits $4.7B (+1%); total assets >$7B.
Nonaccrual loans fell to 0.19% of total loans; quarterly dividend $0.56/share declared.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

WASHINGTON TRUST BANCORP INC reported second quarter 2023 results: net income $11.3 million, EPS $0.66 per diluted share.

Period: second quarter 2023
Net income: $11.3 million
EPS: $0.66 per diluted share
Result: reported results

Exact text from the filing

announced second quarter 2023 net income of $11.3 million, or $0.66 per diluted share

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

WASHINGTON TRUST BANCORP INC filing history →

Source: SEC EDGAR

accession 0000737468-23-000029

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