---
schema_version: "secwatch.filing_event.v1"
accession: "0000737468-23-000003"
form_type: "8-K"
ticker: "WASH"
cik: "0000737468"
company_name: "WASHINGTON TRUST BANCORP INC"
filed_at: "2023-01-25T23:59:59+00:00"
generated_at: "2026-06-20T10:04:15.127924+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Washington Trust Q4 EPS $0.95 vs $1.08 QoQ; loans hit record $5.1B

## Summary
- Net income $16.6M ($0.95 diluted EPS) vs Q3 $18.7M ($1.08); full-year 2022 $4.11 EPS vs $4.39 in 2021.
- Total loans record $5.1B, up 5% QoQ and 20% YoY; net interest margin narrowed 17 bps to 2.65% on higher funding costs.
- Wealth management revenues fell 9% QoQ to $8.6M; $673M client asset outflows from departure of four advisors; further withdrawals possible.
- Quarterly dividend increased 2 cents to $0.56 per share, marking 12th consecutive year of dividend growth.
- Nonaccrual loans stable at 0.25% of loans; provision for credit losses $800K consistent with prior quarter.

## SEC filing metadata
- accession: 0000737468-23-000003
- form_type: 8-K
- ticker: WASH
- cik: 0000737468
- company_name: WASHINGTON TRUST BANCORP INC
- filed_at: 2023-01-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/737468/000073746823000003/0000737468-23-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/737468/000073746823000003/wash-20230125.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000737468-23-000003
- JSON: https://secwatch.observer/filing/0000737468-23-000003.json
- Plain text: https://secwatch.observer/filing/0000737468-23-000003.txt

## Key facts
- Earnings Releases
  WASHINGTON TRUST BANCORP INC reported the year ended December 31, 2022 results: net income $71.7 million, EPS $4.11 per diluted share.
  - Period: the year ended December 31, 2022
  - Net income: $71.7 million
  - EPS: $4.11 per diluted share
  - Result: reported results
  source text: Net income for the year ended December 31, 2022 totaled $71.7 million, or $4.11 per diluted share
  evidence_url: https://www.sec.gov/Archives/edgar/data/737468/000073746823000003/0000737468-23-000003-index.htm
- Earnings Releases
  WASHINGTON TRUST BANCORP INC reported fourth quarter 2022 results: net income $16.6 million, EPS $0.95 per diluted share.
  - Period: fourth quarter 2022
  - Net income: $16.6 million
  - EPS: $0.95 per diluted share
  - Result: reported results
  source text: Washington Trust Bancorp, Inc. (Nasdaq: WASH), parent company of The Washington Trust Company, today announced fourth quarter 2022 net income of $16.6 million, or $0.95 per diluted share
  evidence_url: https://www.sec.gov/Archives/edgar/data/737468/000073746823000003/0000737468-23-000003-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.