Detail akcie Washington Trust online

Business Summary: Washington Trust Bancorp, Inc. is a holding company of The Washington Trust Company (the Bank). The Bank is a state-chartered bank and financial services company. The Company operates through two segments: Commercial Banking and Wealth Management Services. The Commercial Banking segment includes commercial, residential and consumer lending activities; mortgage banking activities; deposit generation; cash management activities; banking activities, including customer support and the operation of automated teller machines (ATMs), telephone banking, internet banking and mobile banking services; as well as investment portfolio and wholesale funding activities. The Wealth Management Services segment includes investment management; holistic financial planning services; personal trust and estate services, including services as trustee, personal representative and custodian; settlement of decedents’ estates; and institutional trust services, including custody and fiduciary services.
Financial Summary: BRIEF: For the fiscal year ended 31 December 2023, Washington Trust Bancorp Inc interest income increased 59% to $308.7M. Net interest income after loan loss provision decreased 15% to $133.9M. Net income applicable to common stockholders decreased 33% to $48.1M. Net interest income after loan loss provision reflects Commercial Banking segment decrease of 15% to $133.9M, Net Interest Margin, Total -% decrease of 24% to 2.05%, Net Interest Spread.