Washington Trust Bancorp posts better-than-expected Q3 2026 sales.
Context
What happened: Washington Trust Bancorp (NASDAQ: WASH) reported Q3 2026 results that beat market revenue expectations, with sales up 14.6% year on year to $65.0 million.
Key numbers: Revenue $65.0 million vs $62.6 million estimated, a 3.8% beat. EPS $1.01 vs $0.87 estimated, a 15.9% beat. Net interest income $44.7 million vs $43.4 million estimated.
Why it matters: The company beat on revenue and EPS, but tangible book value per share missed estimates. CEO Edward O. Handy III cited growth in earnings and net interest income, margin expansion and improved operating efficiency.