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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.
Revenue by Segment
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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