Earnings summaries and quarterly performance for WASHINGTON TRUST BANCORP.
Executive leadership at WASHINGTON TRUST BANCORP.
Edward O. Handy III
Detailed
Chairman and Chief Executive Officer
CEO
Dennis L. Algiere
Executive Vice President, Chief Compliance Officer and Director of Community Affairs
Kathleen A. Ryan
Executive Vice President and Chief Wealth Management Officer
Kristen L. DiSanto
Senior Executive Vice President, Chief Human Resources Officer and Corporate Secretary
Maria N. Janes
Executive Vice President, Chief Accounting Officer and Controller
Mary E. Noons
President and Chief Operating Officer
Michelle L. Kile
Executive Vice President and Chief Retail Banking Officer
Rolando A. Lora
Executive Vice President, Chief Retail Lending Officer and Director of Community Lending
Ronald S. Ohsberg
Senior Executive Vice President, Chief Financial Officer and Treasurer
William K. Wray Sr.
Senior Executive Vice President and Chief Risk Officer
Board of directors at WASHINGTON TRUST BANCORP.
Angel Taveras
Detailed
Director
Constance A. Howes
Detailed
Director
Debra M. Paul
Detailed
Director
Edwin J. Santos
Detailed
Director
John T. Ruggieri
Detailed
Director
Joseph P. Gencarella
Detailed
Director
Lisa M. Stanton
Detailed
Director
Mark K. W. Gim
Detailed
Director
Robert A. DiMuccio
Detailed
Director
Sandra Glaser Parrillo
Detailed
Director
Research analysts who have asked questions during WASHINGTON TRUST BANCORP earnings calls.
Damon Del Monte
Keefe, Bruyette & Woods
11 questions for WASH
Also covers: ALRS, BY, CAC +15 more
Mark Fitzgibbon
Piper Sandler & Co.
10 questions for WASH
Also covers: AMAL, BHLB, BRKL +11 more
Laurie Hunsicker
Seaport Research Partners
8 questions for WASH
Also covers: BHLB, BRKL, EBC +3 more
Laura Havener Hunsicker
Seaport Research Partners
3 questions for WASH
Also covers: BHLB, BRKL, EBC +2 more
Recent press releases and 8-K filings for WASH.
Washington Trust Bancorp Reports Q3 2025 Results with Elevated Credit Losses and Strategic Investments
WASH
Earnings
Share Buyback
New Projects/Investments
- Washington Trust Bancorp reported net income of $10.8 million or $0.56 per share for Q3 2025, with a net interest margin of 2.40%, an increase of 4 basis points from the preceding quarter.
- The company recorded $11.3 million in charge-offs during the quarter due to the resolution of two significant credit exposures, which resulted in an elevated provision for credit losses.
- Strategic investments included the acquisition of $195 million in Assets Under Management (AUM) from Lighthouse Financial Management and the hiring of a new Chief Commercial Banking Officer.
- Washington Trust repurchased 237,000 shares for $6.4 million in Q3 2025, completing its $7 million internal buyback allocation, and plans to pause further repurchases to support capital levels for expected commercial lending growth.
- Management anticipates a 5 basis point margin expansion in Q4 2025 and projects low single-digit loan growth for the full year.
Oct 21, 2025, 12:30 PM
Washington Trust Bancorp Reports Q3 2025 Net Income of $10.8 Million, Resolves Credit Exposures, and Pauses Share Buybacks
WASH
Earnings
Share Buyback
Guidance Update
- Washington Trust Bancorp reported Q3 2025 net income of $10.8 million, or $0.56 per share, a decrease from $13.2 million ($0.68 per share) in the prior quarter, primarily due to an elevated provision for credit losses from resolving two significant credit exposures.
- Despite the credit provisions, the company saw strong performance in core business lines, with net interest income up 4% linked quarter to $38.8 million, wealth management revenues up 3% (including $195 million in AUM from an asset purchase), and mortgage banking revenues up 15%.
- End market deposits increased by $179 million (4%) from Q2 2025, contributing to a 21% decrease in wholesale funding linked quarter, and the loan to deposit ratio decreased by 3.8 percentage points to 98%.
- The company completed its $7 million internal share repurchase program, buying back 237,000 shares in Q3 at an average price of $27.18 and an additional 21,000 shares in October, and will now pause further repurchases to maintain capital levels for anticipated commercial lending growth.
- Management expects margin expansion of approximately five basis points in Q4 and anticipates low single-digit loan growth for the full year.
Oct 21, 2025, 12:30 PM
Washington Trust Bancorp Reports Q3 2025 Results
WASH
Earnings
Share Buyback
Dividends
- Washington Trust Bancorp reported net income of $10.8 million, or $0.56 per diluted share, for the third quarter of 2025, a decrease from $13.2 million, or $0.68 per diluted share, in the second quarter of 2025.
- The net interest margin increased by 4 basis points from the preceding quarter to 2.40% in Q3 2025.
- A provision for credit losses on loans of $7.0 million was recognized in Q3 2025, significantly higher than $650 thousand in Q2 2025, primarily due to $11.3 million in charge-offs on two commercial loan relationships. Nonaccrual commercial loans decreased to $1.0 million at September 30, 2025, from $14.0 million at June 30, 2025.
- Wealth management asset-based revenues grew by 6% and mortgage banking revenues increased by 15% from the preceding quarter. In-market deposits rose by 4% to $5.2 billion from June 30, 2025.
- The company made strategic investments, including hiring a new senior executive for its commercial banking division and purchasing client accounts of Lighthouse Financial Management, LLC, which added approximately $195 million of managed assets. The Board of Directors declared a quarterly dividend of 56 cents per share for Q3 2025, and the Corporation repurchased 236,803 shares for $6.4 million.
Oct 20, 2025, 8:08 PM
Washington Trust Bancorp Reports Third Quarter 2025 Results
WASH
Earnings
Dividends
Share Buyback
- Washington Trust Bancorp, Inc. reported net income of $10.8 million, or $0.56 per diluted share, for the third quarter of 2025, which is down from $13.2 million, or $0.68 per diluted share, in the second quarter of 2025.
- Net interest income for the third quarter of 2025 was $38.8 million, representing a 4% increase from the preceding quarter, and the net interest margin expanded to 2.40%, up 4 basis points.
- The company experienced growth in noninterest income, with wealth management asset-based revenues increasing by 6% and mortgage banking revenues increasing by 15% from the preceding quarter.
- A provision for credit losses on loans of $7.0 million was recognized in the third quarter of 2025, compared to $650 thousand in the second quarter, and net charge-offs totaled $11.4 million. Nonaccrual loans decreased to $14.0 million, or 0.27% of total loans, at September 30, 2025.
- The Board of Directors declared a quarterly dividend of 56 cents per share for the third quarter of 2025, and the Corporation repurchased 236,803 shares at a total cost of $6.4 million during the quarter.
Oct 20, 2025, 8:05 PM
Washington Trust Bancorp, Inc. Reports Q3 2025 Loan Charge-Offs
WASH
Profit Warning
Guidance Update
- 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.
- 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.
- 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.
- 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.
Oct 8, 2025, 8:05 PM
Quarterly earnings call transcripts for WASHINGTON TRUST BANCORP.
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