Washington Trust Bancorp Inc reports results for the quarter ended December 31 - Earnings Summary

• Washington Trust Bancorp Inc WASH.OQ reported quarterly adjusted earnings of 59 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of 76 cents. The mean expectation of three analysts for the quarter was for earnings of 55 cents per share. Wall Street expected results to range from 49 cents to 62 cents per share.

• Revenue rose 0.9% to $32.94 million from a year ago; analysts expected $31.29 million.

• Washington Trust Bancorp Inc's reported EPS for the quarter was a loss of $3.46​.

• The company reported a quarterly loss of $60.78 million.

• Washington Trust Bancorp Inc shares had risen by 3.2% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 4.1% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the banks peer group is also "hold"

Wall Street's median 12-month price target for Washington Trust Bancorp Inc is $36.50

This summary was machine generated from LSEG data January 29 at 10:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)