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Washington Trust Bancorp Inc  (WASH)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial
 

WASH's Net Income Growth by Quarter and Year

Washington Trust Bancorp Inc's Net Income results by quarter and year




WASH Net Income (in millions $) FY 2022 FY 2021 FY 2020 FY 2019
IV Quarter December - 20.19 18.57 15.54
III Quarter September 18.67 18.75 18.32 18.81
II Quarter June 19.96 17.46 21.04 17.27
I Quarter March 16.48 20.47 11.90 17.50
FY   55.11 76.87 69.83 69.12



WASH Net Income third quarter 2022 Y/Y Growth Comment
Washington Trust Bancorp Inc reported decrease in Net Income in the third quarter 2022 by -0.44% to $ 18.67 millions, from the same quarter in 2021.
The decrease in the third quarter 2022 Washington Trust Bancorp Inc's Net Income compares unfavorably to the Company's average Net Income growth of 2.16%.

Looking into third quarter 2022 results within Regional Banks industry 54 other companies have achieved higher Net Income growth. While Washington Trust Bancorp Inc' s Net Income decline of -0.44% ranks overall at the positon no. 771 in the third quarter 2022.




WASH Net Income ( Y/Y Growth %) 2022
2021 2020 2019
IV Quarter December - 8.72 % 19.5 % -8.8 %
III Quarter September -0.44 % 2.35 % -2.6 % 7.42 %
II Quarter June 14.32 % -17.02 % 21.83 % -2.26 %
I Quarter March -19.49 % 72.02 % -32 % 7.96 %
FY   - 10.08 % 1.03 % 1.01 %

Financial Statements
Washington Trust Bancorp Inc's third quarter 2022 Net Income $ 18.67 millions WASH's Income Statement
Washington Trust Bancorp Inc's third quarter 2021 Net Income $ 18.75 millions Quarterly WASH's Income Statement
New: More WASH's historic Net Income Growth >>


WASH Net Income (Quarter on Quarter Growth %)

2022
2021 2020 2019
IV Quarter December - 7.68 % 1.36 % -17.38 %
III Quarter September -6.47 % 7.39 % -12.93 % 8.92 %
II Quarter June 21.12 % -14.7 % 76.81 % -1.31 %
I Quarter March -18.38 % 10.23 % -23.42 % 2.7 %
FY (Year on Year)   - 10.08 % 1.03 % 1.01 %




Net Income third quarter 2022 Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry #55
Financial Sector #175
Overall #771

Net Income Y/Y Growth Statistics
High Average Low
15.25 % 2.16 % -8.34 %
(Dec 31 2018)   (Dec 31 2017)
Net Income third quarter 2022 Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry #55
Financial Sector #175
Overall #771
Net Income Y/Y Growth Statistics
High Average Low
15.25 % 2.16 % -8.34 %
(Dec 31 2018)   (Dec 31 2017)

Net Income by Quarter for the Fiscal Years 2019, 2020, 2021, 2022

Washington Trust Bancorp Inc's Q/Q Net Income Growth


Net Income Q/Q Growth Statistics
High Average Low
103.09 % 3.86 % -38.42 %
(Mar 31 2018)  


WASH's III. Quarter Q/Q Net Income Comment
In the III. Quarter 2022 Washington Trust Bancorp Inc reported decline in Net Income sequentially by -6.47% to $ 18.67 millions, from $ 19.96 millions declared in the previous reporting period.

Even seasonal influence which commonly energize III. Quarter 2022 Net Income, have not recover the III. Quarter for the Washington Trust Bancorp Inc, Jayden  Walker, Financial sector researcher based in New York pointed out, he voiced little pessimism for the WASH's perspective and mentioned that average sequential Net Income growth is at 3.86% for Washington Trust Bancorp Inc.

Within Regional Banks industry 171 other companies have achieved higher Net Income quarter on quarter growth. While Washington Trust Bancorp Inc's Net Income growth quarter on quarter, overall rank is 1377.


Net Income Q/Q Growth Company Ranking
Within: No.
Regional Banks Industry #172
Financial Sector #576
Overall #1377
Net Income Q/Q Growth Company Ranking
Within: No.
Regional Banks Industry #172
Financial Sector #576
Overall #1377
Net Income Q/Q Growth Statistics
High Average Low
103.09 % 3.86 % -38.42 %
(Mar 31 2018)  


WASH's III. Quarter Q/Q Net Income Comment
In the III. Quarter 2022 Washington Trust Bancorp Inc disclosed decline in Net Income sequentially by -6.47% to $ 18.67 millions, from $ 19.96 millions achived in the previous quarter.

Albeit periodic factors normally elevate III. Quarter 2022 performance, this simply could not be enough to recover Regional Banks's company III. Quarter 2022 outcome, Jayden  Walker, Financial sector researcher based in New York said.

Within Regional Banks industry 171 other companies have achieved higher Net Income quarter on quarter growth. While Washington Trust Bancorp Inc's Net Income growth quarter on quarter, overall rank is 1377.


Washington Trust Bancorp Inc's 12 Months Net Income Growth Year on Year


Net Income TTM Growth

12 Months Ending
(Sep 30 2022)
12 Months Ending
(Jun 30 2022)
12 Months Ending
(Mar 31 2022)
12 Months Ending
(Dec 31 2021)
12 Months Ending
(Sep 30 2021)
Cumulative Net Income 12 Months Ending $ 75.30 $ 75.38 $ 72.88 $ 76.87 $ 75.25
Y / Y Net Income Growth (TTM) 0.06 % 0.75 % -7.04 % 10.08 % 12.65 %
Year on Year Net Income Growth Overall Ranking # 690 # 1191 # 1512 # 833 # 1191
Seqeuential Net Income Change (TTM) -0.11 % 3.43 % -5.19 % 2.16 % 0.57 %
Seq. Net Income Growth (TTM) Overall Ranking # 771 # 1167 # 1614 # 657 # 1615




Cumulative Net Income growth Comment
With the quarterly Net Income reported in the Sep 30 2022 period, Washington Trust Bancorp Inc's cumulative twelve months Net Income were $ 75 millions, company would post below average annual Net Income growth of 0.57% year on year, if the fiscal year would end at Sep 30 2022.
A slow-down in the Washington Trust Bancorp Inc's Net Income growth from the 19.96% growth in Jun 30 2022.

In the Financial sector 140 other companies have achieved higher trailing twelve month Net Income growth. While Total ranking has impoved so far to 690, from total ranking in previous quarter at 1191.

Net Income TTM Q/Q Growth Statistics
High Average Low
15.25 %
2.16 %
-8.34 %
 

Net Income TTM Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry # 55
Financial Sector # 141
Overall # 690

Net Income TTM Y/Y Growth Statistics
High Average Low
49.01 %
9.73 %
-8.88 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 55
Sector # 175
S&P 500 # 771
Cumulative Net Income growth Comment
With the quarterly Net Income reported in the Sep 30 2022 period, Washington Trust Bancorp Inc's cumulative twelve months Net Income were $ 75 millions, company would post below average annual Net Income growth of -8.88% year on year, if the fiscal year would end at Sep 30 2022.
A slow-down in the Washington Trust Bancorp Inc's Net Income growth from the 19.96% growth in Jun 30 2022.

In the Financial sector 140 other companies have achieved higher trailing twelve month Net Income growth. While Total ranking has impoved so far to 690, from total ranking in previous quarter at 1191.

Net Income TTM Q/Q Growth Statistics
High Average Low
15.25 %
2.16 %
-8.34 %
 


Net Income TTM Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry # 55
Financial Sector # 141
Overall # 690

Net Income TTM Y/Y Growth Statistics
High Average Low
49.01 %
9.73 %
-8.88 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 55
Sector # 175
S&P 500 # 771




Other Net Income Growth
Regional Banks Industry Net Income Growth Trends and Statistics
Financial Sector Net Income Growth Statistics
Net Income Growth Trends for overall market
WASH's Net Income Growth Ratio versus Regional Banks Industry, Financial Sector and total Market
Highest Ranking Net Income Growth
Lowest Ranking Net Income Growth
Net Income Growth for WASH's Competitors
Net Income Growth for Washington Trust Bancorp Inc's Suppliers
Net Income Growth for WASH's Customers

You may also want to know
WASH's Annual Growth Rates WASH's Profitability Ratios WASH's Asset Turnover Ratio WASH's Dividend Growth
WASH's Roe WASH's Valuation Ratios WASH's Financial Strength Ratios WASH's Dividend Payout Ratio
WASH's Roa WASH's Inventory Turnover Ratio WASH's Growth Rates WASH's Dividend Comparisons



Companies with similar Net Income decline for the quarter ending Sep 30 2022 within Financial SectorY/Y Change %Net Income for the quarter ending Sep 30 2022
Tompkins Financial Corp-0.01%$ -0.014 millions
Parke Bancorp Inc -0.03%$ -0.028 millions
Enova International Inc -0.19%$ -0.195 millions
Northern Trust Corporation-0.23%$ -0.227 millions
Qnb Corp -0.26%$ -0.263 millions
Columbia Financial Inc -0.30%$ -0.300 millions
First Commonwealth Financial Corp-0.36%$ -0.364 millions
Pjt Partners Inc -0.37%$ -0.367 millions
Washington Trust Bancorp Inc-0.44%$ -0.443 millions
Univest Financial Corporation-0.53%$ -0.526 millions
First Ban corp -0.54%$ -0.541 millions
Mason Industrial Technology Inc -0.58%$ -0.578 millions
Premier Financial Corp -0.58%$ -0.582 millions
Western New England Bancorp Inc -0.61%$ -0.613 millions
Capital Bancorp Inc-0.73%$ -0.734 millions
Simmons First National Corp-0.96%$ -0.960 millions
Science Strategic Acquisition Corp Alpha-0.96%$ -0.963 millions
Fortress Capital Acquisition Corp -1.02%$ -1.021 millions
Globe Life Inc -1.11%$ -1.108 millions
Uwm Holdings Corporation-1.29%$ -1.288 millions
National Storage Affiliates Trust-1.36%$ -1.358 millions
Sound Financial Bancorp Inc -1.77%$ -1.775 millions
Creditriskmonitor com Inc -1.89%$ -1.893 millions
Victory Capital Holdings Inc -1.90%$ -1.902 millions
Capital City Bank Group Inc -2.10%$ -2.096 millions
First Mid Bancshares Inc -2.11%$ -2.112 millions
Mission Advancement Corp -2.30%$ -2.300 millions
Community Bancorp-2.40%$ -2.398 millions
Camden National Corp-2.55%$ -2.548 millions
Apollo Strategic Growth Capital Ii-2.58%$ -2.584 millions


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