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Stock impact report

WASH Q1 Deep Dive: Office Loan Provisions and Margin Expansion Shape Results [Yahoo! Finance]

Washington Trust Bancorp, Inc. (WASH) 
Last washington trust bancorp, inc. earnings: 4/27 08:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
Its non-GAAP profit of $0.66 per share was 13% below analysts' consensus estimates. Is now the time to buy WASH? Find out in our full research report (it's free). Washington Trust Bancorp (WASH) Q1 CY2026 Highlights: Revenue: $58 million vs analyst estimates of $58.79 million (10.9% year-on-year growth, 1.3% miss) Adjusted EPS: $0.66 vs analyst expectations of $0.76 (13% miss) Adjusted Operating Income: $16.23 million vs analyst estimates of $19.56 million (28% margin, 17% miss) Market Capitalization: $687.4 million StockStory's Take Washington Trust Bancorp's first quarter results were met with a strongly negative market reaction, as the company missed Wall Street's revenue and non-GAAP profit expectations. Management pointed to ongoing net interest margin expansion as a positive driver, supported by the bank's December 2024 balance sheet repositioning. However, the quarter was weighed down by a higher provision for credit losses, driven by reserve builds on two comme Show less Read more
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