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Market Impact: 0.32

Washington Trust Bancorp (WASH) Q1 Earnings and Revenues Miss Estimates

Corporate EarningsAnalyst EstimatesCompany Fundamentals

Washington Trust Bancorp reported quarterly EPS of $0.66, missing the Zacks Consensus Estimate of $0.77 by $0.11, or about 14%. Earnings were still above the $0.61 per share reported a year ago, indicating year-over-year improvement despite the estimate miss. The print is a modest negative for the stock and may pressure shares, but the article contains no other major operational updates.

Analysis

Washington Trust Bancorp reported quarterly EPS of $0.66, missing the Zacks Consensus Estimate of $0.77 by $0.11, or about 14%. Earnings were still above the $0.61 per share reported a year ago, indicating year-over-year improvement despite the estimate miss. The print is a modest negative for the stock and may pressure shares, but the article contains no other major operational updates.

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Market Sentiment

Overall Sentiment

moderately negative

Sentiment Score

-0.35