Washington Trust Bancorp (NASDAQ: WASH) Exceeds Earnings and Revenue Estimates
Key points
- Washington Trust Bancorp (NASDAQ: WASH) reported strong Q3 2026 earnings of $2.50 per share, significantly surpassing the $0.87 estimate.
- Revenue also exceeded expectations, reaching $64.95 million against an estimate of $62.62 million.
- Despite a separate report citing a different earnings figure of $1.01 per share, the company saw growth in net income to $19.4 million and an increase in net interest income.
Washington Trust Bancorp provides banking and wealth management services. Its reported earnings of $2.50 per share exceed the $0.87 estimate. Earnings per share show how much profit a company earns for each share held by investors.
Revenue reaches $64.95 million, above the $62.62 million estimate. Revenue measures the money a company brings in before expenses. For a bank, it includes income from lending and other services.
A separate third-quarter 2026 report gives a different earnings figure: $1.01 per share, as highlighted by Zacks Investment Research. That exceeds its $0.87 estimate and rises from $0.56 a year earlier. The provided information does not explain why this figure differs from the reported $2.50 per share.
For that same quarter, Washington Trust reports net income of $19.4 million, up $3.4 million, or 21%, from the previous quarter. Net income is profit after expenses. CEO Edward O. “Ned” Handy III also points to growth in net interest income—the difference between interest earned and interest paid—and a wider margin on that income.
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