Compared to Estimates, Washington Trust (WASH) Q4 Earnings: A Look at Key Metrics

Core Insights - Washington Trust Bancorp (WASH) reported revenue of $48.98 million for Q4 2024, marking a year-over-year increase of 6.6% and exceeding the Zacks Consensus Estimate by 1.29% [1] - The earnings per share (EPS) for the quarter was $0.59, down from $0.76 a year ago, but above the consensus estimate of $0.58, resulting in an EPS surprise of 1.72% [1] Financial Performance Metrics - The net interest margin was reported at 2%, slightly above the estimated 1.9% [4] - Total noninterest income was $16.04 million, which fell short of the average estimate of $16.57 million [4] - Net interest income reached $32.94 million, surpassing the average estimate of $31.98 million [4] Stock Performance - Over the past month, shares of Washington Trust have returned +3.2%, outperforming the Zacks S&P 500 composite's +1.7% change [3] - The stock currently holds a Zacks Rank 1 (Strong Buy), indicating potential for outperformance in the near term [3]