secwatch.observer — SEC 8-K summary
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Issuer:     WASHINGTON TRUST BANCORP INC (WASH)
CIK:        0000737468
Form:       8-K
Filed at:   2023-07-24T23:59:59+00:00
Accession:  0000737468-23-000029
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Washington Trust Q2 net income $11.3M ($0.66 EPS) down from $12.8M in Q1
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- Net income $11.3M ($0.66 diluted EPS) vs Q1 net income $12.8M ($0.74 EPS).
- Net interest income $33.5M, down 10% QoQ; net interest margin 2.03%, down 30 bps.
- Noninterest income $14.3M, up 8% QoQ on higher wealth management and mortgage banking revenues.
- Loans hit all-time high $5.4B (+3%); in-market deposits $4.7B (+1%); total assets >$7B.
- Nonaccrual loans fell to 0.19% of total loans; quarterly dividend $0.56/share declared.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/737468/000073746823000029/0000737468-23-000029-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/737468/000073746823000029/wash-20230724.htm
  HTML page:      https://secwatch.observer/filing/0000737468-23-000029

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer