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
DL
Dennis L. Algiere
Executive Vice President, Chief Compliance Officer and Director of Community Affairs
KA
Kathleen A. Ryan
Executive Vice President and Chief Wealth Management Officer
KL
Kristen L. DiSanto
Senior Executive Vice President, Chief Human Resources Officer and Corporate Secretary
MN
Maria N. Janes
Executive Vice President, Chief Accounting Officer and Controller
ME
Mary E. Noons
President and Chief Operating Officer
ML
Michelle L. Kile
Executive Vice President and Chief Retail Banking Officer
RA
Rolando A. Lora
Executive Vice President, Chief Retail Lending Officer and Director of Community Lending
RS
Ronald S. Ohsberg
Senior Executive Vice President, Chief Financial Officer and Treasurer
WK
William K. Wray Sr.
Senior Executive Vice President and Chief Risk Officer
Board of directors at WASHINGTON TRUST BANCORP.
AT
Angel Taveras
Detailed
Director
CA
Constance A. Howes
Detailed
Director
DM
Debra M. Paul
Detailed
Director
EJ
Edwin J. Santos
Detailed
Director
JT
John T. Ruggieri
Detailed
Director
JP
Joseph P. Gencarella
Detailed
Director
LM
Lisa M. Stanton
Detailed
Director
MK
Mark K. W. Gim
Detailed
Director
RA
Robert A. DiMuccio
Detailed
Director
SG
Sandra Glaser Parrillo
Detailed
Director
Research analysts who have asked questions during WASHINGTON TRUST BANCORP earnings calls.
DD
Damon Del Monte
Keefe, Bruyette & Woods
13 questions for WASH
Also covers: ALRS, BY, CAC +15 more
MF
Mark Fitzgibbon
Piper Sandler & Co.
12 questions for WASH
Also covers: AMAL, BHLB, BRKL +12 more
LH
Laurie Hunsicker
Seaport Research Partners
10 questions for WASH
Also covers: BHLB, BRKL, EBC +3 more
LH
Laura Havener Hunsicker
Seaport Research Partners
3 questions for WASH
Also covers: BHLB, BRKL, EBC +2 more
RH
Ross Haberman
Rlh Investments
2 questions for WASH
Also covers: AVBH, BAFN, BFIN +7 more
Recent press releases and 8-K filings for WASH.
Washington Trust Bancorp Reports Strong Q4 2025 Results and Provides Positive 2026 Outlook
WASH
Earnings
Guidance Update
New Projects/Investments
- Washington Trust Bancorp reported net income of $16 million or $0.83 per share for Q4 2025, with net interest income up 5% from Q3 to $40.7 million and net interest margin increasing 16 basis points to 2.56%.
- The company projects its net interest margin (NIM) to reach $2.78-$2.82 by Q4 2026, benefiting from a 13 basis point increase due to swap terminations by Q3 and 3-4 basis points of organic expansion per quarter.
- Strategic investments in 2025 included a wealth asset purchase and new commercial banking leadership, with further expansion in early 2026 through a dedicated institutional banking team and a de novo branch opening in Pawtucket.
- For 2026, the company anticipates 5% year-over-year loan growth, driven by 4-5% CRE growth and faster C&I growth. Q1 2026 non-interest expenses are expected to increase, with salaries and benefits up 6%.
Jan 29, 2026, 1:30 PM
Washington Trust Bancorp Reports Strong Q4 2025 Results and Positive 2026 Outlook
WASH
Earnings
Guidance Update
New Projects/Investments
- Washington Trust Bancorp reported net income of $16 million or $0.83 per share for Q4 2025, with adjusted EPS up 41% year-over-year, driven by margin expansion and increased revenues from wealth management.
- The Net Interest Margin (NIM) was 2.56% in Q4 2025, and is projected to increase by 13 basis points by Q3 2026 due to a swap termination, with an estimated Q4 2026 NIM of $2.78-$2.82.
- The company forecasts a "very solid 5% year-over-year" loan growth for 2026, with significant contributions expected from new commercial banking teams focusing on C&I loans.
- Strategic investments include hiring a new Chief Commercial Banking Officer, bringing on a dedicated institutional banking team, and a de novo branch opening in Pawtucket in 2026.
Jan 29, 2026, 1:30 PM
Washington Trust Bancorp Reports Strong Q4 2025 Results and Positive 2026 Outlook
WASH
Earnings
Guidance Update
New Projects/Investments
- Washington Trust Bancorp (WASH) reported net income of $16 million or $0.83 per share for Q4 2025, with adjusted EPS up 41% year-over-year. Net interest income was $40.7 million, up 5% from Q3, and the net interest margin (NIM) was 2.56%, an increase of 16 basis points from the preceding quarter.
- The company expects continued NIM expansion in 2026, projecting a 9 basis point increase in Q2 and an additional 4 basis points in Q3 due to a swap termination, alongside 3-4 basis points of organic expansion per quarter, leading to a Q4 2026 NIM estimate of 2.78%-2.82%.
- Strategic investments in commercial banking include the hiring of a new Chief Commercial Banking Officer and a dedicated four-person institutional banking team focused on education, healthcare, and nonprofit providers in the Northeast region. These efforts are expected to contribute to a "very solid 5% year-over-year" loan growth for 2026.
- Asset quality improved, with non-accruing loans at 25 basis points of total loans, zero non-accruing commercial loans, and net recoveries of $160,000 for the quarter.
Jan 29, 2026, 1:30 PM
Washington Trust Bancorp Reports Strong Q4 and Full-Year 2025 Results
WASH
Earnings
Revenue Acceleration/Inflection
Dividends
- Washington Trust Bancorp, Inc. reported net income of $16.0 million, or $0.83 per diluted share, for Q4 2025, and $52.2 million, or $2.71 per diluted share, for the full-year 2025, a significant improvement from a net loss in 2024.
- The net interest margin improved to 2.56% in Q4 2025, up 16 basis points from the prior quarter, and the full-year 2025 net interest margin was 2.40%, up 53 basis points from 2024.
- The company experienced growth in noninterest income, with wealth management revenues increasing by 5% and mortgage banking revenues up 14% compared to Q4 2024.
- Asset quality metrics improved, with nonaccrual loans decreasing to $12.9 million, or 0.25% of total loans, at December 31, 2025, and the provision for credit losses normalizing to $600 thousand in Q4 2025.
- Washington Trust maintained strong capital ratios, with a total risk-based capital ratio of 12.95% at December 31, 2025, and declared a quarterly dividend of 56 cents per share.
Jan 28, 2026, 9:08 PM
Washington Trust Bancorp Reports Strong Fourth Quarter and Full-Year 2025 Financial Results
WASH
Earnings
Revenue Acceleration/Inflection
- Washington Trust Bancorp reported Q4 2025 net income of $16.0 million, or $0.83 per diluted share, up from $10.8 million, or $0.56 per diluted share, in Q3 2025.
- For the full year 2025, net income reached $52.2 million, or $2.71 per diluted share, a substantial turnaround from a net loss of $28.1 million, or a $1.63 loss per diluted share, in 2024.
- The net interest margin expanded to 2.56% in Q4 2025, an increase of 16 basis points from the prior quarter, contributing to a full-year 2025 net interest margin of 2.40%, up 53 basis points from 2024.
- Performance was bolstered by a 5% increase in wealth management revenues and significant growth in mortgage banking, with originations up 21% and sales up 25% in Q4 2025.
- The company maintained stable loan balances at $5.1 billion and achieved 1% growth in in-market deposits from Q3 2025, and 9% growth from December 31, 2024.
Jan 28, 2026, 9:05 PM
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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