{"schema_version":"secwatch.filing_event.v1","accession":"0000737468-23-000017","form_type":"8-K","ticker":"WASH","cik":"0000737468","company_name":"WASHINGTON TRUST BANCORP INC","filed_at":"2023-04-24T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.119188+00:00","generated_at":"2026-06-16T20:07:18.617003+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Washington Trust Q1 2023 net income falls 23% QoQ to $12.8M, margin pressure from rising funding costs","bullets":["Net income $12.8M ($0.74 diluted EPS) vs $16.6M ($0.95) in Q4 2022.","Net interest margin narrowed 32 bps to 2.33%; net interest income down 10% QoQ to $37.2M.","Total loans hit record $5.2B, up 2% QoQ; in-market deposits steady at $4.7B.","Wealth management AUA $6.2B at period end (+3% QoQ), but net client outflows continued.","Quarterly dividend $0.56 per share, paid Apr 13; board repurchased 200K shares at avg $43.70."],"urls":{"canonical":"https://secwatch.observer/filing/0000737468-23-000017","json":"https://secwatch.observer/filing/0000737468-23-000017.json","markdown":"https://secwatch.observer/filing/0000737468-23-000017.md","text":"https://secwatch.observer/filing/0000737468-23-000017.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/737468/000073746823000017/0000737468-23-000017-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/737468/000073746823000017/wash-20230424.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T20:07:18.617003+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"021b697058af8fff039076ca35cad1ac40e44ec1","claim":"WASHINGTON TRUST BANCORP INC reported first quarter 2023 results: net income $12.8 million, EPS $0.74 per diluted share.","evidence_excerpt":"Washington Trust Bancorp, Inc. (Nasdaq: WASH), parent company of The Washington Trust Company, today announced first quarter 2023 net income of $12.8 million, or $0.74 per diluted share, compared to net income of $16.6 million, or $0.95 per diluted share, for the fourth quarter of 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/737468/000073746823000017/0000737468-23-000017-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter 2023"},{"label":"Net income","value":"$12.8 million"},{"label":"EPS","value":"$0.74 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}