Damon Del Monte

Mark Fitzgibbon

Laurie Hunsicker

Laura Havener Hunsicker

- Washington Trust Bancorp, Inc. anticipates its **third quarter 2025 financial performance will be adversely affected by $11.3 million in charge-offs** from two commercial loan relationships.  **[737468_0000737468-25-000054_wash-20251008.htm:1]** 
- The company expects to recognize a **provision for credit losses on loans of $7.0 million** for Q3 2025 as a result of these charge-offs.  **[737468_0000737468-25-000054_wash-20251008.htm:1]** 
- The charge-offs include **$8.3 million** related to a telecom infrastructure construction contractor in Chapter 11 bankruptcy and **$3.0 million** from the sale of a nonaccrual commercial real estate loan.  **[737468_0000737468-25-000054_wash-20251008.htm:1]** 
- Following these actions, **commercial nonaccrual loans are expected to decrease to $1.0 million as of September 30, 2025**, compared to $14.0 million on June 30, 2025.  **[737468_0000737468-25-000054_wash-20251008.htm:1]**

WASHINGTON TRUST BANCORP (WASH)