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 -

Q2 2025

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%.

Washington Bancorp (WASH) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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WASH Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 28, 2025	2025 (Q2)	0.63 / -	0.63	―	―	―
Apr 21, 2025	2025 (Q1)	0.63 / 0.63	0.64	-1.56% (-0.01)	―
Jan 29, 2025	2024 (Q4)	0.58 / -3.46	0.76	-555.26% (-4.22)
Oct 21, 2024	2024 (Q3)	0.56 / 0.64	0.65	-1.54% (-0.01)
Jul 22, 2024	2024 (Q2)	0.49 / 0.63	0.66	-4.55% (-0.03)
Apr 22, 2024	2024 (Q1)	0.45 / 0.64	0.74	-13.51% (-0.10)
Jan 24, 2024	2023 (Q4)	0.57 / 0.76	0.95	-20.00% (-0.19)	―
Oct 23, 2023	2023 (Q3)	0.58 / 0.65	1.08	-39.81% (-0.43)	―
Jul 24, 2023	2023 (Q2)	0.63 / 0.66	1.14	-42.11% (-0.48)
Apr 24, 2023	2023 (Q1)	0.90 / 0.74	0.94	-21.28% (-0.20)

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
Apr 21, 2025	$26.67	$25.72	-3.56%
Jan 29, 2025	$31.26	$31.02	-0.77%
Oct 21, 2024	$30.14	$32.57	+8.06%
Jul 22, 2024	$28.91	$30.54	+5.64%

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 Jul 28, 2025, After Close (Confirmed).

What is Washington Trust Bancorp (WASH) earnings time?

Washington Trust Bancorp (WASH) earnings time is at Jul 28, 2025, 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 2025 (Q2) is 0.63.

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