Washington Trust Bancorp (WASH Quick QuoteWASH - Free Report) reported $48.25 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 0.9%. EPS of $0.63 for the same period compares to $0.66 a year ago.

The reported revenue represents a surprise of +4.76% over the Zacks Consensus Estimate of $46.06 million. With the consensus EPS estimate being $0.49, the EPS surprise was +28.57%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Washington Trust performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Net Interest Margin: 1.8% compared to the 1.8% average estimate based on two analysts.
• Efficiency Ratio: 70.3% versus 74.8% estimated by two analysts on average.
• Total noninterest income: $16.66 million versus the two-analyst average estimate of $15.15 million.
• Net Interest Income: $31.59 million compared to the $30.93 million average estimate based on two analysts.

View all Key Company Metrics for Washington Trust here>>>

Shares of Washington Trust have returned +21.2% over the past month versus the Zacks S&P 500 composite's +0.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.