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Washington Trust Bancorp (WASH)
NASDAQ:WASH
Earnings Data
Report Date
Jul 28, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.67Last Year’s EPS
0.63Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 21, 2025
|% Change Since: 1.91%
|Next Earnings Date:Jul 28, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a mix of positive developments such as significant deposit growth, improved capital and equity metrics, and increased net interest margin. However, these were offset by challenges like reduced loan amounts, decreased revenue from wealth and mortgage banking, and increased net charge-offs.Company Guidance
During the Washington Trust Bancorp, Inc.'s first-quarter 2025 conference call, the company provided detailed financial guidance and insights into its current performance metrics. The call highlighted a net income of $12.2 million or $0.63 per share, with an adjusted net income of $11.8 million or $0.61 per share after excluding infrequent transactions. Net interest income rose to $36.4 million, marking an 11% increase from the previous quarter, resulting in a margin of 2.29%. The company also reported a significant gain of $7 million from sale-leaseback transactions in non-interest income. Despite a 1% reduction in both residential and commercial loans due to higher paydowns, in-market deposits grew by $195 million or 4%, reaching a record high of $5.13 billion, while the loan-to-deposit ratio improved to 100.7%. The company’s CET1 capital ratio improved by 56 basis points to 11.76%, and total risk-based capital increased by 66 basis points to 13.13%. Additionally, the firm recognized a pre-tax non-cash pension settlement charge of $6.4 million as part of its expenses, with an effective tax rate projected at 22.4% for the full year. Washington Trust continues to focus on enhancing deposit strategies, maintaining strong asset quality, and navigating economic conditions with strategic foresight.In-Market Deposit Growth
In-market deposits reached an all-time high of $5.13 billion, up by $195 million or 4% from the previous quarter.
Net Interest Margin Improvement
Net interest margin increased by 34 basis points to 2.29%, reflecting benefits from balance sheet restructuring.
Sale Leaseback Gain
Completed sale leaseback transactions resulted in a pre-tax net gain of $7 million recognized within non-interest income.
Capital and Equity Improvement
Total equity increased by $22 million, and CET1 improved by 56 basis points to 11.76%. Total risk-based capital improved by 66% to 13.13%.
Improved Loan to Deposit Ratio
Loan to deposit ratio decreased from 105.5% to 100.7%.
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WASH Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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WASH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Apr 21, 2025 | $27.21 | $26.24 | -3.56% |
| Jan 29, 2025 | $31.89 | $31.64 | -0.78% |
| Oct 21, 2024 | $30.75 | $33.23 | +8.07% |
| Jul 22, 2024 | $29.50 | $31.16 | +5.63% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Washington Trust Bancorp (WASH) report earnings?
Washington Trust Bancorp (WASH) is schdueled to report earning on Jul 28, 2025, TBA Not Confirmed.
What is Washington Trust Bancorp (WASH) earnings time?
Washington Trust Bancorp (WASH) earnings time is at Jul 28, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is WASH EPS forecast?
WASH EPS forecast for the fiscal quarter 2025 (Q2) is 0.67.
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