Washington Trust Bancorp Inc reports results for the quarter ended September 30 - Earnings Summary

• Washington Trust Bancorp Inc reported quarterly adjusted earnings of $1.01​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 56 cents. The mean expectation of four analysts for the quarter was for earnings of 87 cents per share. Wall Street expected results to range from 80 cents to 94 cents per share.

• Revenue rose 15.1% to $44.69 million from a year ago; analysts expected $43.41 million.

• Washington Trust Bancorp Inc's reported EPS for the quarter was $1.01​.

• The company reported quarterly net income of $19.38 million.

• Washington Trust Bancorp Inc shares had fallen by 2.4% this quarter and gained 25.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 1.5% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell." The average consensus recommendation for the banks peer group is "buy."

• Wall Street's median 12-month price target for Washington Trust Bancorp Inc is $36.00, about 2.9% below its last closing price of $37.06

This summary was machine generated from LSEG data October 19 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)