---
schema_version: "secwatch.filing_event.v1"
accession: "0000737468-24-000023"
form_type: "8-K"
ticker: "WASH"
cik: "0000737468"
company_name: "WASHINGTON TRUST BANCORP INC"
filed_at: "2024-04-22T23:59:59+00:00"
generated_at: "2026-06-03T14:51:23.132424+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Washington Trust Q1 net income $10.9M ($0.64 EPS) down 15% QoQ; NIM narrows to 1.84%

## Summary
- Net income $10.9M ($0.64 diluted EPS) vs. Q4 2023 $12.9M ($0.76); net interest margin 1.84% (down 4 bps QoQ).
- Noninterest income up 29% QoQ to $17.2M, including $2.1M litigation settlement; wealth mgmt rev +5%, mortgage banking rev +61%.
- Loans up 1% QoQ to $5.7B; in-market deposits down 0.4% to $4.7B; nonaccrual loans dropped to $30.7M (0.54%).
- Dividend declared $0.56/share; total risk-based capital ratio 11.62%, well above well-capitalized thresholds.

## SEC filing metadata
- accession: 0000737468-24-000023
- form_type: 8-K
- ticker: WASH
- cik: 0000737468
- company_name: WASHINGTON TRUST BANCORP INC
- filed_at: 2024-04-22T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/737468/000073746824000023/0000737468-24-000023-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/737468/000073746824000023/wash-20240422.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000737468-24-000023
- JSON: https://secwatch.observer/filing/0000737468-24-000023.json
- Plain text: https://secwatch.observer/filing/0000737468-24-000023.txt

## Key facts
- Earnings Releases
  WASHINGTON TRUST BANCORP INC reported first quarter 2024 results: net income $10.9 million, EPS $0.64 per diluted share.
  - Period: first quarter 2024
  - Net income: $10.9 million
  - EPS: $0.64 per diluted share
  - Result: reported results
  source text: Washington Trust Bancorp, Inc. (Nasdaq: WASH), parent company of The Washington Trust Company, today announced first quarter 2024 net income of $10.9 million, or $0.64 per diluted share
  evidence_url: https://www.sec.gov/Archives/edgar/data/737468/000073746824000023/0000737468-24-000023-index.htm

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