earnings
confidence high
sentiment neutral
materiality 0.50
Washington Trust Q2 net income $10.8M ($0.63 EPS), steady from Q1; net interest margin 1.83%
WASHINGTON TRUST BANCORP INC
2024-Q2 EPS reported
$1.27
revenue$97,073,000
- Net income $10.8M vs $10.9M in Q1; diluted EPS $0.63 vs $0.64.
- Net interest income $31.6M, down $80K; net interest margin 1.83% vs 1.84%.
- Total loans $5.6B, down 1%; in-market deposits $4.6B, down 1%.
- Wealth management revenues $9.7M, up 4%; mortgage banking revenues $2.8M, up 10%.
- Nonaccrual loans 0.54% of total loans; quarterly dividend of $0.56 per share declared.