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Dec 31, 2021
Washington Trust Q4 2021 Earnings Report
Washington Trust reported strong fourth quarter and full-year results, achieving record wealth management revenues and residential mortgages origination.
Key Takeaways
Washington Trust Bancorp, Inc. reported a net income of $20.2 million, or $1.15 per diluted share, for the fourth quarter of 2021, compared to a net income of $18.8 million, or $1.07 per diluted share, for the third quarter of 2021.
Net income for the fourth quarter of 2021 was $20.2 million, or $1.15 per diluted share.
Wealth management revenues reached a record high of $10.5 million for the fourth quarter.
Residential real estate loan originations totaled $363 million in the fourth quarter.
In-market deposits amounted to a record $4.5 billion at December 31, 2021.
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
Based on current federal and applicable state income statutes, the Corporation currently expects its full-year 2022 effective tax rate to be approximately 21.5%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income