Washington Trust Bancorp (WASH Quick QuoteWASH - Free Report) reported $48.98 million in revenue for the quarter ended September 2023, representing a year-over-year decline of 15.3%. EPS of $0.65 for the same period compares to $1.08 a year ago.

The reported revenue represents a surprise of +3.66% over the Zacks Consensus Estimate of $47.25 million. With the consensus EPS estimate being $0.56, the EPS surprise was +16.07%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Washington Trust performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Net Interest Margin: 2% versus 2% estimated by two analysts on average.
• Efficiency Ratio: 70.2% versus the two-analyst average estimate of 72.9%.
• Total noninterest income: $15.23 million versus the two-analyst average estimate of $14.28 million.
• Net Interest Income: $33.75 million compared to the $33.37 million average estimate based on two analysts.

View all Key Company Metrics for Washington Trust here>>>

Shares of Washington Trust have returned -8.4% over the past month versus the Zacks S&P 500 composite's -4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.