---
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"
generated_at: "2026-06-06T19:37:00.581341+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Washington Trust Q4 net income $0.76/diluted; full-year EPS $2.82 down from $4.11; NIM compresses to 1.88%

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000737468-24-000004
- JSON: https://secwatch.observer/filing/0000737468-24-000004.json
- Plain text: https://secwatch.observer/filing/0000737468-24-000004.txt

## Key facts
- Earnings Releases
  WASHINGTON TRUST BANCORP INC reported year ended December 31, 2023 results: net income $48.2 million, EPS $2.82 per diluted share.
  - Period: year ended December 31, 2023
  - Net income: $48.2 million
  - EPS: $2.82 per diluted share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/737468/000073746824000004/0000737468-24-000004-index.htm
- Earnings Releases
  WASHINGTON TRUST BANCORP INC reported fourth quarter 2023 results: net income $12.9 million, EPS $0.76 per diluted share.
  - Period: fourth quarter 2023
  - Net income: $12.9 million
  - EPS: $0.76 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 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_url: https://www.sec.gov/Archives/edgar/data/737468/000073746824000004/0000737468-24-000004-index.htm

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