Compared to Estimates, Washington Trust (WASH) Q1 Earnings: A Look at Key Metrics

Financial Performance - Washington Trust Bancorp reported revenue of $59.07 million for the quarter ended March 2025, representing a 21% increase year-over-year [1] - The earnings per share (EPS) for the quarter was $0.61, a slight decrease from $0.64 in the same quarter last year [1] - The reported revenue exceeded the Zacks Consensus Estimate of $52.98 million by 11.50%, while the EPS fell short of the consensus estimate of $0.62 by 1.61% [1] Key Metrics - The net interest margin was reported at 2.3%, matching the average estimate from two analysts [4] - The efficiency ratio was 71.4%, higher than the estimated 69.5% by two analysts [4] - Total noninterest income was $22.64 million, significantly above the estimated $16.28 million [4] - Net interest income was reported at $36.42 million, slightly below the average estimate of $36.69 million [4] Stock Performance - Over the past month, shares of Washington Trust have returned -13.1%, compared to a -5.6% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]