Washington Trust Bancorp (WASH) reported $48.98 million in revenue for the quarter ended December 2024, representing a year-over-year increase of 6.6%. EPS of $0.59 for the same period compares to $0.76 a year ago.The reported revenue represents a surprise of +1.29% over the Zacks Consensus Estimate of $48.36 million. With the consensus EPS estimate being $0.58, the EPS surprise was +1.72%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compar ...

Washington Trust Bancorp (WASH) came out with quarterly earnings of $0.59 per share, beating the Zacks Consensus Estimate of $0.58 per share. This compares to earnings of $0.76 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.72%. A quarter ago, it was expected that this holding company for The Washington Trust Co. Would post earnings of $0.56 per share when it actually produced earnings of $0.64, delivering a surprise of 14. ...

Media Contact: Sharon M. Walsh SVP, Director of Marketing Strategy and Planning Telephone: (401) 348-1286 E-mail: smwalsh@washtrust.com Date: January 29, 2025 FOR IMMEDIATE RELEASE Exhibit 99.1 NASDAQ: WASH As previously announced, on December 16, 2024, the Corporation completed an underwritten public offering of 2,198,528 shares of its common stock at a public offering price of $34.00 per share. The net proceeds from the offering were approximately $70.5 million. On December 20, 2024, the Corporation annou ...

WESTERLY, R.I., Jan. 29, 2025 /PRNewswire/ -- Washington Trust Bancorp, Inc. (the "Corporation") (Nasdaq: WASH), parent company of The Washington Trust Company (the "Bank"), today reported a fourth quarter 2024 net loss of $60.8 million, or a $3.46 loss per diluted share.  Excluding the impact of the balance sheet repositioning sale transactions described below, adjusted net income (non-GAAP) for the fourth quarter totaled $10.4 million, or $0.59 per diluted share, compared to net income of $11.0 million, o ...

WESTERLY, R.I., Jan. 16, 2025 /PRNewswire/ -- Washington Trust Bancorp, Inc. (NASDAQ: WASH), the publicly owned holding company of The Washington Trust Company, will release fourth quarter 2024 earnings and host a conference call with the Corporation's executives as follows: Earnings Release: Wednesday, January 29, 2025, After Market Closes Conference Call: Thursday, January 30, 2025, 8:30 a.m. ET Participant Dial In: 1-833-470-1428 (Toll-Free) International Dial In: Global Dial-In Numbers ...

A downtrend has been apparent in Washington Trust Bancorp (WASH) lately. While the stock has lost 16.4% over the past four weeks, it could witness a trend reversal as a hammer chart pattern was formed in its last trading session. This could mean that the bulls have been able to counteract the bears to help the stock find support.While the formation of a hammer pattern is a technical indication of nearing a bottom with potential exhaustion of selling pressure, rising optimism among Wall Street analysts about ...

Washington Trust Bancorp (WASH) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Individua ...

Here is a stock with buy rank and strong income characteristics for investors to consider today, December 30th:Washington Trust Bancorp, Inc. (WASH) : This bank holding company for The Washington Trust Company, of Westerly has witnessed the Zacks Consensus Estimate for its next year earnings increasing 3.9% over the last 60 days.This Zacks Rank #1 company has a dividend yield of 7.3%, compared with the industry average of 2.5%. See the full list of top ranked stocks here. Find more top income stocks with so ...

WESTERLY, R.I., Dec. 23, 2024 /PRNewswire/ -- The Washington Trust Company ("Washington Trust") recently announced that it has made charitable contributions and in-kind donations to 40 local nonprofit organizations to support their outreach efforts this holiday season. Washington Trust and its employees recently supported 40 Rhode Island-based community organizations during the holiday season through a combination of grant funding, toys, gifts, gift cards, and more. Donations benefited local families via ...

WESTERLY, R.I., Dec. 20, 2024 /PRNewswire/ -- Washington Trust Bancorp, Inc. (Nasdaq: WASH) (the "Corporation"), parent company of The Washington Trust Company, of Westerly (the "Bank"), today announced Bank balance sheet repositioning transactions to support continued organic growth and capital generation. "Like many banks, we have been carrying low-yielding assets on our balance sheet following rapid increases in interest rates over the past few years.  These assets have been earning interest below curren ...