Washington Trust Q1 net income $16.5M ($0.94/diluted), down from Q4 2021 $20.2M ($1.15)

WASHINGTON TRUST BANCORP INC

2022-Q1 EPS reported $0.94 revenue$52,250,000

Net interest income $35.1M, down 7% linked-quarter; net interest margin 2.57%, down 14 bps.
Wealth management revenues reached a quarterly high of $10.5M; AUA $7.5B, down 4% from year-end.
Total loans (ex-PPP) at all-time high $4.3B, up 1% linked-quarter; in-market deposits record $4.7B, up 6%.
Modest $100K provision for credit losses (charge) vs $2.8M release in Q4; nonaccrual loans improved to 0.29%.
Quarterly dividend $0.54 per share, paid April 8; capital ratios exceed well-capitalized minimums.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.