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Sep 30, 2024
Washington Trust Q3 2024 Earnings Report
Washington Trust's Q3 2024 earnings remained steady, demonstrating the strength of its diversified business model.
Key Takeaways
Washington Trust Bancorp reported a net income of $11.0 million, or $0.64 per diluted share, for the third quarter of 2024, compared to $10.8 million, or $0.63 per diluted share, for the second quarter of 2024. The results reflect a solid performance driven by a diversified business model and careful balance sheet management.
Net income for Q3 2024 was $11.0 million, or $0.64 per diluted share.
Net interest margin increased to 1.85%, up from 1.83% in the previous quarter.
Wealth management revenues grew by 3% compared to the preceding quarter, with AUA eclipsing $7 billion.
In-market deposits reached an all-time high of $4.8 billion, a 3% increase from the prior quarter.
Revenue by Segment
Forward Guidance
The Corporation currently expects its full-year 2024 effective tax rate to be approximately 21%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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