Back to top

Image: Bigstock

Compared to Estimates, Washington Trust (WASH) Q2 Earnings: A Look at Key Metrics

Read MoreHide Full Article

For the quarter ended June 2026, Washington Trust Bancorp (WASH - Free Report) reported revenue of $60.47 million, up 11.4% over the same period last year. EPS came in at $0.83, compared to $0.68 in the year-ago quarter.

The reported revenue represents a surprise of +1.26% over the Zacks Consensus Estimate of $59.71 million. With the consensus EPS estimate being $0.76, the EPS surprise was +9.21%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

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: 2.7% compared to the 2.7% average estimate based on two analysts.
  • Efficiency Ratio: 63.8% compared to the 64.9% average estimate based on two analysts.
  • Total noninterest income: $18.66 million compared to the $17.8 million average estimate based on two analysts.
  • Net Interest Income: $41.8 million versus the two-analyst average estimate of $41.92 million.

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

Shares of Washington Trust have returned +4.9% over the past month versus the Zacks S&P 500 composite's +0.6% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

Published in