Washington Trust: The New Macroeconomic Environment Could Be Favorable (Rating Upgrade)
Washington TrustWashington Trust(US:WASH) Seeking Alpha·2024-10-23 20:54

Core Insights - Washington Trust Bancorp, Inc. (NASDAQ: WASH) reported a positive market reaction with a +8.06% increase following its Q3 2024 earnings release, driven by conservative balance sheet management and a return to growth in non-interest-bearing deposits [1] Financial Performance - The company demonstrated a return to growth in non-interest-bearing deposits, indicating improved liquidity and customer confidence [1] - Both earnings per share (EPS) and revenue figures were positively impacted, contributing to the overall market optimism [1]