Washington Trust Q4 net income rises on margin expansion

Overview

• Rhode Island -based bank's Q4 net income rose significantly, driven by margin expansion and deposit growth

• Company's wealth management revenues increased by 5% in Q4

• Company repurchased 20,855 shares under stock repurchase program

Result Drivers

• MARGIN EXPANSION - Net interest margin increased by 16 basis points, supported by lower funding costs and increased loan prepayment income

• DEPOSIT GROWTH - In-market deposits increased by 1% from September 30, 2025, and 9% from December 31, 2024

• WEALTH MANAGEMENT REVENUES - Wealth management revenues increased by 5% in Q4

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 2 "hold" and 1 "sell" or "strong sell"

• The average consensus recommendation for the banks peer group is "buy."

• Wall Street's median 12-month price target for Washington Trust Bancorp Inc is $30.50, about 0.6% above its January 27 closing price of $30.32

• The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release: ID:nPn11m3y5a

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