{"schema_version":"secwatch.filing_event.v1","accession":"0000737468-24-000004","form_type":"8-K","ticker":"WASH","cik":"0000737468","company_name":"WASHINGTON TRUST BANCORP INC","filed_at":"2024-01-24T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.802665+00:00","generated_at":"2026-06-06T19:37:00.581341+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 Q4 net income $0.76/diluted; full-year EPS $2.82 down from $4.11; NIM compresses to 1.88%","bullets":["Q4 net income $12.9M ($0.76/diluted) vs $11.2M ($0.65) in Q3; includes $0.19/share benefit from MA tax law change.","Full-year 2023 net income $48.2M ($2.82/diluted) down from $71.7M ($4.11) in 2022.","Net interest margin fell to 1.88% in Q4 from 1.97% in Q3; full-year NIM 2.05% vs 2.69% prior year.","Provision for credit losses $1.2M in Q4 (up from $0.5M in Q3); nonaccrual loans rose to 0.79% of loans from 0.60% due to one CRE loan.","Total loans $5.6B (+1% linked quarter); in-market deposits $4.7B (-1%); book value $27.75/share."],"urls":{"canonical":"https://secwatch.observer/filing/0000737468-24-000004","json":"https://secwatch.observer/filing/0000737468-24-000004.json","markdown":"https://secwatch.observer/filing/0000737468-24-000004.md","text":"https://secwatch.observer/filing/0000737468-24-000004.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/737468/000073746824000004/0000737468-24-000004-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/737468/000073746824000004/wash-20240124.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T19:37:00.581341+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":"3032300e6b8a113b4c8da46e300ea7f668ec80a7","claim":"WASHINGTON TRUST BANCORP INC reported year ended December 31, 2023 results: net income $48.2 million, EPS $2.82 per diluted share.","evidence_excerpt":"Net income for the year ended December 31, 2023 totaled of $48.2 million, or $2.82 per diluted share, compared to $71.7 million, or $4.11 per diluted share, reported for the prior year.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/737468/000073746824000004/0000737468-24-000004-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"year ended December 31, 2023"},{"label":"Net income","value":"$48.2 million"},{"label":"EPS","value":"$2.82 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"3f15c5a080a084936ed3cdd8155a4325a07b64c3","claim":"WASHINGTON TRUST BANCORP INC reported fourth quarter 2023 results: net income $12.9 million, EPS $0.76 per diluted share.","evidence_excerpt":"Washington Trust Bancorp, Inc. (Nasdaq: WASH), parent company of The Washington Trust Company, today announced fourth quarter 2023 net income of $12.9 million, or $0.76 per diluted share, compared to net income of $11.2 million, or $0.65 per diluted share, for the third quarter of 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/737468/000073746824000004/0000737468-24-000004-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fourth quarter 2023"},{"label":"Net income","value":"$12.9 million"},{"label":"EPS","value":"$0.76 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"}