secwatch.observer — SEC 8-K summary
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Issuer:     WASHINGTON TRUST BANCORP INC (WASH)
CIK:        0000737468
Form:       8-K
Filed at:   2022-07-25T23:59:59+00:00
Accession:  0000737468-22-000084
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Washington Trust Q2 net income $20.0M ($1.14 EPS), up from $16.5M; net interest income +7%
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- Net income $20.0M, diluted EPS $1.14, compared $16.5M, $0.94 in prior quarter.
- Net interest income $37.5M, up $2.4M (7%) linked quarter; net interest margin 2.71%.
- Noninterest income $15.9M, down $1.3M (8%) due to lower mortgage banking ($2.1M, -41%).
- Loans ex-PPP at all-time high $4.5B, up 5% linked quarter; in-market deposits down 4%.
- Negative $3.0M provision for credit losses; asset quality strong, nonaccrual 0.28%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/737468/000073746822000084/0000737468-22-000084-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/737468/000073746822000084/wash-20220725.htm
  HTML page:      https://secwatch.observer/filing/0000737468-22-000084

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