secwatch.observer — SEC 8-K summary
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Issuer:     WASHINGTON TRUST BANCORP INC (WASH)
CIK:        0000737468
Form:       8-K
Filed at:   2024-07-22T23:59:59+00:00
Accession:  0000737468-24-000031
Event type: earnings
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Washington Trust Q2 net income $10.8M ($0.63 EPS), steady from Q1; net interest margin 1.83%
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- Net income $10.8M vs $10.9M in Q1; diluted EPS $0.63 vs $0.64.
- Net interest income $31.6M, down $80K; net interest margin 1.83% vs 1.84%.
- Total loans $5.6B, down 1%; in-market deposits $4.6B, down 1%.
- Wealth management revenues $9.7M, up 4%; mortgage banking revenues $2.8M, up 10%.
- Nonaccrual loans 0.54% of total loans; quarterly dividend of $0.56 per share declared.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/737468/000073746824000031/0000737468-24-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/737468/000073746824000031/wash-20240722.htm
  HTML page:      https://secwatch.observer/filing/0000737468-24-000031

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