secwatch.observer — SEC 8-K summary
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Issuer:     WASHINGTON TRUST BANCORP INC (WASH)
CIK:        0000737468
Form:       8-K
Filed at:   2022-04-25T23:59:59+00:00
Accession:  0000737468-22-000048
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/737468/000073746822000048/0000737468-22-000048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/737468/000073746822000048/wash-20220425.htm
  HTML page:      https://secwatch.observer/filing/0000737468-22-000048

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