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