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Income Statement
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WASHINGTON TRUST BANCORP INC (WASH)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsJun-30-23Dec-31-22Sep-30-22Jun-30-22Mar-31-22Dec-31-21Sep-30-21Jun-30-21
   10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
    Interest income:  
        Interest income on loans  65.453.645.136.633.936.935.734.8
        Interest income on investments  7.46.66.14.94.23.93.73.4
       75.261.852.142.038.541.439.838.8
    Interest expense:  
        Interest on deposits  29.712.36.74.03.13.02.83.0
        Interest on borrowings  11.77.83.20.40.20.50.91.0
       41.720.410.14.53.43.63.84.1
Net interest income  33.541.342.037.535.137.736.134.8
Provision for loan losses  0.70.80.8-3.00.1-2.8  
Net interest income after provision for loan losses  32.840.541.240.535.040.636.134.8
        Deposit and loan fees  0.70.90.80.80.70.80.70.6
        Gain on sale of investments, net  0.20.71.00.70.32.00.71.2
        Other non-interest income  13.412.113.914.416.217.619.118.8
Total non-interest income  14.313.815.815.917.220.320.520.6
Non-interest expenses  33.033.433.131.131.235.232.533.0
Equity in earnings          
Pre-tax income  14.121.024.025.320.925.724.122.3
Income taxes  2.94.45.35.34.45.55.34.9
            Tax rate  20.2%21.0%22.1%21.1%21.3%21.3%22.1%21.8%
Net income  11.216.518.619.916.420.118.717.4
            Net margin  23.8%30.4%32.6%35.3%31.5%33.1%33.0%31.5%
   
Basic EPS  $0.66$0.96$1.08$1.15$0.95$1.16$1.08$1.01
Diluted EPS  $0.66$0.95$1.08$1.14$0.94$1.15$1.07$1.00
   
Shares outstanding (basic)  17.017.217.217.317.317.317.317.3
Shares outstanding (diluted)  17.017.417.317.417.517.517.417.4
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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