Washington Trust Bancorp (NASDAQ:WASH) Third Quarter 2022 Results
Key Financial Results
Revenue: US$57.0m (flat on 3Q 2021).
Net income: US$18.6m (flat on 3Q 2021).
Profit margin: 33% (in line with 3Q 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Washington Trust Bancorp Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 5.2%. Earnings per share (EPS) also surpassed analyst estimates by 7.7%.
Looking ahead, revenue is forecast to grow 6.2% p.a. on average during the next 2 years, compared to a 6.1% growth forecast for the Banks industry in the US.
The company's share price is broadly unchanged from a week ago.
Balance Sheet Analysis
Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of Washington Trust Bancorp's balance sheet and an in-depth analysis of the company's financial position.
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