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Dec 31, 2023
Washington Trust Q4 2023 Earnings Report
Washington Trust's Q4 2023 earnings were reported with a net income of $12.9 million, or $0.76 per diluted share.
Key Takeaways
Washington Trust Bancorp, Inc. reported a net income of $12.9 million for Q4 2023, which translates to $0.76 per diluted share. The results reflect the company's perseverance in a challenging economic environment, with a focus on a diversified business model and disciplined credit culture.
Net income for Q4 2023 was $12.9 million, or $0.76 per diluted share, compared to $11.2 million, or $0.65 per diluted share, for the third quarter of 2023.
Returns on average equity and average assets for the fourth quarter were 11.77% and 0.71%, respectively.
The net interest margin was 1.88% in the fourth quarter.
Total loans amounted to $5.6 billion, up by 1% from the end of the preceding 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 anticipates its full-year 2024 effective tax rate to be approximately 21.2%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income