---
schema_version: "secwatch.filing_event.v1"
accession: "0000737468-23-000047"
form_type: "8-K"
ticker: "WASH"
cik: "0000737468"
company_name: "WASHINGTON TRUST BANCORP INC"
filed_at: "2023-10-23T23:59:59+00:00"
generated_at: "2026-06-09T17:36:37.221587+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Washington Trust Q3 net income $11.2M ($0.65 EPS); nonaccrual loans surge to 0.60%

## Summary
- Net income $11.2M ($0.65 diluted EPS), down slightly from $11.3M ($0.66) in Q2 2023.
- Nonaccrual loans jumped to $33.7M (0.60% of loans) from $10.4M (0.19%), due to two commercial CRE loans.
- Net interest margin fell 6 bps to 1.97% as funding costs rose faster than asset yields.
- Book value per share dropped 6% to $25.35 from $26.98, driven by AOCI decline and dividends.

## SEC filing metadata
- accession: 0000737468-23-000047
- form_type: 8-K
- ticker: WASH
- cik: 0000737468
- company_name: WASHINGTON TRUST BANCORP INC
- filed_at: 2023-10-23T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/737468/000073746823000047/0000737468-23-000047-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/737468/000073746823000047/wash-20231023.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000737468-23-000047
- JSON: https://secwatch.observer/filing/0000737468-23-000047.json
- Plain text: https://secwatch.observer/filing/0000737468-23-000047.txt

## Key facts
- Earnings Releases
  WASHINGTON TRUST BANCORP INC reported third quarter 2023 results: net income $11.2 million, EPS $0.65 per diluted share.
  - Period: third quarter 2023
  - Net income: $11.2 million
  - EPS: $0.65 per diluted share
  - Result: reported results
  source text: today announced third quarter 2023 net income of $11.2 million, or $0.65 per diluted share
  evidence_url: https://www.sec.gov/Archives/edgar/data/737468/000073746823000047/0000737468-23-000047-index.htm

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