Washington Trust Bancorp (NASDAQ:WASH) Releases Earnings Results, Beats Expectations By $0.14 EPS

Washington Trust Bancorp (NASDAQ:WASH) issued its quarterly earnings data on Monday. The financial services provider reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.14, FiscalAI reports. The business had revenue of $64.96 million during the quarter, compared to analysts’ expectations of $62.62 million. Washington Trust Bancorp had a net margin of 16.73% and a return on equity of 11.67%.

Washington Trust Bancorp Price Performance

Shares of WASH stock opened at $38.11 on Wednesday. The stock has a 50 day moving average of $38.87 and a two-hundred day moving average of $36.26. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.86. Washington Trust Bancorp has a 12 month low of $26.52 and a 12 month high of $40.54. The company has a market capitalization of $726.76 million, a P/E ratio of 11.44, a P/E/G ratio of 0.79 and a beta of 0.73.

Washington Trust Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 9th. Shareholders of record on Thursday, October 1st were issued a $0.56 dividend. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $2.24 annualized dividend and a yield of 5.9%. Washington Trust Bancorp’s dividend payout ratio is 77.78%.

Washington Trust Bancorp News Summary

Here are the key news stories impacting Washington Trust Bancorp this week:

• Positive Sentiment: Strong earnings and revenue beat: Washington Trust reported third-quarter EPS of $1.01, well above the $0.87 consensus estimate and up from $0.56 a year earlier. Revenue of approximately $64.96 million also exceeded the $62.62 million analyst forecast. Washington Trust Reports Third Quarter 2026 Results
• Positive Sentiment: Profitability improved: Net income reached $19.4 million, increasing $3.4 million, or 21%, from the prior quarter. The company also reported an 11.67% return on equity and a 16.73% net margin, reinforcing the investment case for the regional bank. Why Washington Trust Bancorp Stock Was a Winner Today
• Positive Sentiment: Analyst-model momentum: Zacks Research upgraded WASH from “Hold” to “Strong Buy,” adding an additional positive signal after the earnings beat. Washington Trust was also included in Zacks’ Strong Buy income-stock list. Washington Trust Surpasses Q3 Earnings and Revenue Estimates
• Neutral Sentiment: Management expects fourth-quarter net interest margin of 2.85%–2.90%, while continuing to emphasize disciplined, prudent growth. The stock’s valuation remains moderate, with a reported P/E ratio of 11.44 and a PEG ratio of 0.79.
• Negative Sentiment: Management is planning approximately $1.5 million in additional expenses in the fourth quarter. Also, sequential loan and deposit growth was less impressive, which could temper enthusiasm if balance-sheet expansion remains subdued. Washington Trust Forecasts Fourth-Quarter Net Interest Margin

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Washington Trust Bancorp in a research note on Wednesday, September 2nd. Wall Street Zen raised shares of Washington Trust Bancorp from a “sell” rating to a “hold” rating in a research report on Sunday, July 12th. Zacks Research raised shares of Washington Trust Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Monday. Keefe, Bruyette & Woods upped their price target on shares of Washington Trust Bancorp from $33.00 to $36.00 and gave the company a “market perform” rating in a report on Wednesday, July 22nd. Finally, Piper Sandler upped their price target on shares of Washington Trust Bancorp from $32.00 to $35.00 and gave the company a “neutral” rating in a report on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Washington Trust Bancorp currently has an average rating of “Moderate Buy” and an average price target of $35.50.

Washington Trust Bancorp Company Profile

Washington Trust Bancorp, Inc is the holding company for The Washington Trust Company, a community bank headquartered in Westerly, Rhode Island. Founded in 1800, Washington Trust is one of the oldest continuously operating banks in the United States and serves individuals, families, businesses and institutions.

The bank provides a range of financial services, including checking and savings accounts, certificates of deposit, residential and commercial real estate lending, consumer loans, business banking and cash-management services.