Washington Trust Bancorp Beats Estimates, Shares Unmoved
Update: 2026-01-03
Description
Washington Trust Bancorps third quarter results for 2025 showcased a robust performance, with revenue surging by 16.2% to $56.69 million, exceeding Wall Street estimates by 2.1%. Adjusted earnings per share soared by over 20% to $0.56, outpacing expectations of $0.46. Net interest income, the banks primary revenue source, grew by 20.4% to $38.83 million, surpassing forecasts. Despite these positive results, shares remained unchanged at around $28.85. However, tangible book value per share, which had been declining for five years, saw a significant increase, topping estimates and indicating a potential turnaround. Analysts predict a further 5% growth to approximately $25.62 over the next year. Checkout Solipillow.com
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