Washington Trust Bancorp GAAP EPS of $1.14 beats by $0.23, revenue of $53.39M misses by $1.13M

Jul. 25, 2022 4:11 PM ETWashington Trust Bancorp, Inc. (WASH)By: Urvi Shah, SA News Editor1 Comment
  • Washington Trust Bancorp press release (NASDAQ:WASH): Q2 GAAP EPS of $1.14 beats by $0.23.
  • Revenue of $53.39M (-3.5% Y/Y) misses by $1.13M.
  • Returns on average equity and average assets for the second quarter were 16.11% and 1.37%, respectively, compared to 12.04% and 1.14%, respectively, for the preceding quarter.
  • Net interest income totaled $37.5 million in the second quarter, up by $2.4 million, or 7%, from the preceding quarter, reflecting the impact of rising market interest rates.

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