The Battle For Deposits Slows The Financial Sector's Desire For Earnings Growth [Seeking Alpha]
Washington Trust Bancorp, Inc. (WASH)
Last washington trust bancorp, inc. earnings: 4/27 08:00 am
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US:NASDAQ Investor Relations:
snl.com/irweblinkx/corporateprofile.aspx?iid=100491
Company Research
Source: Seeking Alpha
Summary Investment Thesis The banking industry looks to make a strong recovery on the back of increasing interest rates, reduced taxes/regulations, and a strong economy. Look no further than the Federal Reserve allowing 34 banks to increase their dividends and common equity stock buybacks. Just so my position is clear, you can definitely count me as one of the individuals who believes that the best days are yet to come for the financial sector as a whole. Although I am optimistic about the continued improvement in bank earnings, a review of a Washington Trust's ( WASH )'s earnings reports has raised concerns that the drivers behind this major earnings beat are not as robust as one would hope. The goal of this article is to logically break-down the components that allowed WASH to beat their most recent earnings estimates and to see how much of the growth (if any) is related to increased spread from rising interest rates and how much came from additional lending. My hyp
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WASH
News
- Washington Trust Bancorp, Inc. (NASDAQ: WASH) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Washington Trust Collects 2.5 Tons of Peanut Butter [Yahoo! Finance]Yahoo! Finance
- Washington Trust Collects 2.5 Tons of Peanut ButterPR Newswire
- Washington Trust Bancorp, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions [Yahoo! Finance]Yahoo! Finance
- Washington Trust Bancorp, Inc. (NASDAQ:WASH) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
WASH
Earnings
- 4/22/24 - Beat
WASH
Sec Filings
- 5/7/24 - Form 10-Q
- 5/6/24 - Form 4
- 5/2/24 - Form 144
- WASH's page on the SEC website