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Dec 31, 2020
Washington Trust Q4 2020 Earnings Report
Reported strong fourth quarter earnings, driven by mortgage banking and wealth management revenues.
Key Takeaways
Washington Trust Bancorp, Inc. reported a net income of $18.6 million, or $1.07 per diluted share, for the fourth quarter of 2020, compared to a net income of $18.3 million, or $1.06 per diluted share, for the third quarter of 2020. Mortgage banking revenues amounted to $14.1 million, and wealth management revenues were $9.2 million for the fourth quarter.
Net income for the fourth quarter of 2020 was $18.6 million, or $1.07 per diluted share.
Mortgage banking revenues for the fourth quarter were $14.1 million.
Wealth management revenues for the fourth quarter were $9.2 million.
Total loans amounted to $4.2 billion, up by 8% from a year ago.
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
The Corporation currently expects its full-year 2021 effective tax rate to be approximately 22.0%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income