NASDAQ$WASH

Washington Trust Bancorp Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Net income decreased compared to the previous quarter, but full-year earnings reached a record high.

Washington Trust Bancorp reported a decrease in net income for Q4 2019 compared to the previous quarter, with net income at $15.5 million, or $0.89 per diluted share. However, the company's full-year earnings for 2019 reached a record high. Total loans and in-market deposits increased during the quarter.

  • Net income for the fourth quarter of 2019 was $15.5 million, or $0.89 per diluted share.
  • Total loans amounted to $3.9 billion at December 31, 2019, an increase of 3% from the previous quarter.
  • In-market deposits amounted to $3.2 billion at December 31, 2019, an increase of 2% from the end of the preceding quarter.
  • The company declared a quarterly dividend of 51 cents per share in December.

Headline financials

Total Revenue

$32M

Previous: $33.9M-5.6%
EPS (adj)

$0.89

Previous: $0.98-9.2%
Net Interest Margin

2.6%

No prior period
ROA

1.2%

No prior period
ROE

12.2%

No prior period
Efficiency Ratio

59.2%

No prior period
Capital Expenditures

$364K

Previous: $1.65M-78.0%
Free Cash Flow

$35.7M

Previous: $22.8M+56.7%
Net Income

$15.5M

Previous: $17M-8.8%
Operating Income

$19.9M

No prior period
Gross Profit

$48.6M

Previous: $49M-0.9%
Cash & Equivalents

$138M

Previous: $93.5M+48.1%
Total Assets

$5.29B

Previous: $5.01B+5.6%
Stock-Based Comp

$829K

Previous: $625K+32.6%

Revenue & EPS history

Washington Trust · Revenue · Quarterly

$32M

Q4 2019-5.6%vs Q4 2018
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

Washington Trust · $12.6M total across 2 segments · Q4 2019

  • Wealth Mgmt
    $8.89M-1.3%
  • Mortgage Banking
    $3.67M+85.5%

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 Q4 2019

Historical avgQ4 2019

+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

Earnings price reactions
QuarterReport dateReaction (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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