Washington Trust Bancorp (WASH) Q2 Earnings and Revenues Top Estimates

Core Viewpoint - Washington Trust Bancorp (WASH) reported quarterly earnings of $0.68 per share, exceeding the Zacks Consensus Estimate of $0.63 per share, and showing an increase from $0.63 per share a year ago [1][2] Financial Performance - The earnings surprise for the quarter was +7.94%, with the company previously expected to post earnings of $0.62 per share but actually producing $0.61, resulting in a surprise of -1.61% [2] - Washington Trust's revenues for the quarter ended June 2025 were $54.26 million, surpassing the Zacks Consensus Estimate by 0.64%, compared to $48.24 million in the same quarter last year [3] - The company has exceeded consensus revenue estimates four times over the last four quarters [3] Stock Performance - Washington Trust shares have declined approximately 7.2% since the beginning of the year, while the S&P 500 has gained 7.1% [4] - The current Zacks Rank for Washington Trust is 3 (Hold), indicating expected performance in line with the market in the near future [7] Future Outlook - The consensus EPS estimate for the upcoming quarter is $0.70 on revenues of $54.78 million, and for the current fiscal year, it is $2.62 on revenues of $219.65 million [8] - The outlook for the industry, particularly the Banks - Northeast sector, is currently in the top 30% of over 250 Zacks industries, suggesting a favorable environment for performance [9]