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Washington Trust Bancorp (WASH)
NASDAQ:WASH
Earnings Data
Report Date
Apr 27, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.76Last Year’s EPS
0.63Same Quarter Last Year
Moderate Sell
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented multiple clear strengths — notable YoY earnings growth, meaningful NII and margin expansion, deposit growth and improved funding mix, strong mortgage originations for the year, wealth momentum, and solid credit metrics. Offsetting items include rising noninterest expenses, a seasonal decline in the mortgage pipeline, modest recent loan growth with residential runoff, reserves that are lower relative to peers, and a small but lingering office exposure. Management provided constructive guidance (NIM tailwinds, ~5% loan growth target) and disclosed targeted investments (institutional banking team, Pawtucket branch) that support future growth. On balance, positives outweigh the challenges.Company Guidance
Strong Quarterly and Yearly Earnings Growth
Net income of $16.0M in Q4 vs. $10.8M in prior quarter; EPS $0.83 vs. $0.56 QoQ. Adjusted EPS up 41% year-over-year.
Net Interest Income and Margin Expansion
Net interest income $40.7M, up 5% QoQ and 24% YoY. Net interest margin 2.56%, +16 bps QoQ and +61 bps YoY; management projects further NIM tailwinds (swap termination +13 bps by Q3 and organic +3-4 bps/quarter assuming stable Fed funds).
Deposit Growth and Funding Mix Improvement
End market deposits up 1% QoQ and 9% YoY; wholesale funding down $165M (−21% from September), contributing to improved funding mix and margin.
Wealth Management Momentum
Wealth management revenues +5% QoQ; average AUA +4% QoQ and +9% YoY. Executed a wealth asset purchase (Lighthouse) and added business development/financial planning resources; average fees ~60 bps.
Mortgage Production Strength (Full Year)
Full year mortgage originations $667M, up 31% YoY. Mortgage origination and sales volumes increased 21% and 25% respectively; mortgage banking revenues $3.3M in Q4, +14% YoY (seasonally −7% QoQ).
Credit and Asset Quality Improvement
Provision for credit losses normalized; nonaccruing loans 25 bps of total loans; nonaccruing commercial loans 0; past due loans 22 bps; net recoveries $160k in Q4. One CRE past due was brought current in January.
Capital and Equity Position
Total equity $544M, up $11M QoQ. CET1 ~11.9% (near 12%), risk-based capital ~13%; dividend maintained at $0.56 per share.
Strategic Commercial Bank Hiring and Branch Expansion
Hired a 4-person institutional/commercial banking team (from Brookline) focused on Northeast C&I and not-for-profit clients; plan to open a de novo branch in Pawtucket in 2026 to expand local footprint.
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
WASH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jan 28, 2026 | $30.19 | $34.02 | +12.69% |
Oct 20, 2025 | $26.33 | $27.03 | +2.64% |
Jul 21, 2025 | $27.98 | $27.33 | -2.34% |
Apr 21, 2025 | $25.66 | $24.74 | -3.56% |
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.
FAQ
When does Washington Trust Bancorp (WASH) report earnings?
Washington Trust Bancorp (WASH) is schdueled to report earning on Apr 27, 2026, After Close (Confirmed).
What is Washington Trust Bancorp (WASH) earnings time?
Washington Trust Bancorp (WASH) earnings time is at Apr 27, 2026, After Close (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 2026 (Q1) is 0.76.