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Sep 30, 2022
Washington Trust Q3 2022 Earnings Report
Washington Trust's Q3 2022 results were announced, showcasing a solid performance driven by a diversified business model.
Key Takeaways
Washington Trust Bancorp reported a net income of $18.7 million, or $1.08 per diluted share, for the third quarter of 2022. The results reflect strong loan growth and an all-time quarterly record for net interest income.
Net income for Q3 2022 was $18.7 million, or $1.08 per diluted share.
Net interest income reached a record $42.0 million, up 12% from the previous quarter.
Total loans increased to $4.8 billion, reflecting growth in commercial and residential real estate loan portfolios.
In-market deposits amounted to $4.6 billion, up 2% from the previous quarter.
Washington Trust
Washington Trust
Washington Trust Revenue by Segment
Revenue by Segment
Wealth Management Revenues Revenue
CapyFin.comMortgage Banking Revenues Revenue
CapyFin.com Forward Guidance
Washington Trust will host a conference call to discuss its third quarter results, business highlights and outlook on Tuesday, October 25, 2022.
Revenue & Expenses
Visualization of income flow from segment revenue to net income