earnings
confidence high
sentiment neutral
materiality 0.55
Washington Trust Q3 net income $11.0M ($0.64 EPS), steady quarter; AUA tops $7B
WASHINGTON TRUST BANCORP INC
2024-Q3 EPS reported
$1.91
revenue$145,607,000
- Q3 net income $11.0M, up from $10.8M in Q2; diluted EPS $0.64 vs $0.63.
- Net interest margin improved 2 bps to 1.85%; net interest income up 2% QoQ.
- Wealth management revenues up 3% QoQ; period-end AUA $7.1B (+4% QoQ).
- In-market deposits all-time high of $4.8B (+3% QoQ); total loans down 2% to $5.5B.
- Quarterly dividend maintained at $0.56/share; total risk-based capital ratio 12.21%.