NASDAQ$WASH
Washington Trust Bancorp Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Washington Trust's Q3 2024 earnings remained steady, demonstrating the strength of its diversified business model.
Washington Trust Bancorp reported a net income of $11.0 million, or $0.64 per diluted share, for the third quarter of 2024, compared to $10.8 million, or $0.63 per diluted share, for the second quarter of 2024. The results reflect a solid performance driven by a diversified business model and careful balance sheet management.
- Net income for Q3 2024 was $11.0 million, or $0.64 per diluted share.
- Net interest margin increased to 1.85%, up from 1.83% in the previous quarter.
- Wealth management revenues grew by 3% compared to the preceding quarter, with AUA eclipsing $7 billion.
- In-market deposits reached an all-time high of $4.8 billion, a 3% increase from the prior quarter.
Headline financials
Revenue & EPS history
Washington Trust · Revenue · Quarterly
$48.5M
Revenue by segment
Washington Trust · $11.1M total across 2 segments · Q3 2023
- Wealth Mgmt$8.95M-6.1%80.9%
- Mortgage Banking$2.11M+3.0%19.1%
Forward guidance
The Corporation currently expects its full-year 2024 effective tax rate to be approximately 21%.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2024
+0.2%
Avg return
Earnings day
+0.3%
Avg return
5 days after
+1.1%
Avg return
30 days after
50%
33 / 66 earnings
Positive
+12.8%
Q4 2025
Best reaction
-12.5%
Q1 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.3% | -14.3% | -10.8% | |
| Q4 2025 | +12.8% | +18.3% | +11.6% | |
| Q3 2025 | +2.9% | +3.7% | -0.6% | |
| Q2 2025 | -2.7% | -2.4% | +3.1% | |
| Q1 2025 | -3.6% | +1.9% | +3.6% | |
| Q4 2024 | -0.8% | +2.9% | -1.1% | |
| Q3 2024 | +4.1% | +3.4% | +10.0% | |
| Q2 2024 | +6.2% | +5.4% | -2.4% | |
| Q1 2024 | +3.6% | +2.3% | +5.8% | |
| Q4 2023 | -4.1% | -0.2% | -14.6% | |
| Q3 2023 | -9.0% | -11.4% | +7.6% | |
| Q2 2023 | +2.1% | +11.5% | -4.3% | |
| Q1 2023 | -12.5% | -14.2% | -21.8% | |
| Q4 2022 | -11.1% | -11.6% | -10.2% | |
| Q3 2022 | +2.0% | +1.4% | +2.9% | |
| Q2 2022 | +5.5% | +10.4% | +7.0% | |
| Q1 2022 | -2.7% | -5.5% | -2.8% | |
| Q4 2021 | -1.9% | -2.6% | -6.2% | |
| Q3 2021 | +1.5% | -0.7% | +5.1% | |
| Q2 2021 | -7.2% | -4.5% | +3.8% | |
| Q1 2021 | +2.3% | +4.8% | +7.6% | |
| Q4 2020 | -1.5% | -3.0% | +5.3% | |
| Q3 2020 | +2.6% | +8.0% | +17.8% | |
| Q2 2020 | +12.0% | +8.3% | +10.9% | |
| Q1 2020 | +7.6% | +2.8% | +2.9% | |
| Q4 2019 | -7.6% | -7.6% | -9.8% | |
| Q3 2019 | +3.7% | +1.9% | +6.7% | |
| Q2 2019 | -6.5% | -2.9% | -7.9% | |
| Q1 2019 | +2.8% | +2.6% | +5.0% | |
| Q4 2018 | -3.8% | -1.0% | -1.4% | |
| Q3 2018 | -3.1% | -4.8% | -4.7% | |
| Q2 2018 | +3.2% | -0.5% | +0.8% | |
| Q1 2018 | +0.5% | +1.1% | +4.4% | |
| Q4 2017 | -0.3% | +1.8% | -2.6% | |
| Q3 2017 | -6.8% | -3.2% | -6.5% | |
| Q2 2017 | +7.1% | +6.2% | -0.4% | |
| Q1 2017 | +0.9% | -3.8% | -4.5% | |
| Q4 2016 | +8.1% | +2.2% | +2.9% | |
| Q3 2016 | +10.7% | +10.9% | +28.7% | |
| Q2 2016 | -3.9% | -3.5% | +5.0% | |
| Q1 2016 | -1.6% | — | — | |
| Q4 2015 | +7.0% | — | — | |
| Q3 2015 | -2.1% | — | — | |
| Q2 2015 | +2.9% | — | — | |
| Q1 2015 | -0.2% | — | — | |
| Q4 2014 | -1.8% | — | — | |
| Q3 2014 | +2.2% | — | — | |
| Q2 2014 | -2.4% | — | — | |
| Q1 2014 | -0.3% | — | — | |
| Q4 2013 | -3.8% | — | — | |
| Q3 2013 | +3.4% | — | — | |
| Q2 2013 | -0.5% | — | — | |
| Q1 2013 | -0.4% | — | — | |
| Q4 2009 | -0.1% | — | — | |
| Q4 2011 | -0.1% | — | — | |
| Q4 2012 | +0.5% | — | — | |
| Q3 2012 | +0.5% | — | — | |
| Q2 2012 | -0.8% | — | — | |
| Q1 2011 | +0.2% | — | — | |
| Q1 2012 | +1.8% | — | — | |
| Q3 2011 | +2.4% | — | — | |
| Q3 2010 | +2.4% | — | — | |
| Q2 2011 | -3.2% | — | — | |
| Q4 2010 | -3.2% | — | — | |
| Q2 2010 | -3.2% | — | — | |
| Q1 2010 | +0.1% | — | — |
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