secwatch.observer — SEC 8-K summary
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Issuer:     WASHINGTON TRUST BANCORP INC (WASH)
CIK:        0000737468
Form:       8-K
Filed at:   2024-10-21T23:59:59+00:00
Accession:  0000737468-24-000037
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Washington Trust Q3 net income $11.0M ($0.64 EPS), steady quarter; AUA tops $7B
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- Q3 net income $11.0M, up from $10.8M in Q2; diluted EPS $0.64 vs $0.63.
- Net interest margin improved 2 bps to 1.85%; net interest income up 2% QoQ.
- Wealth management revenues up 3% QoQ; period-end AUA $7.1B (+4% QoQ).
- In-market deposits all-time high of $4.8B (+3% QoQ); total loans down 2% to $5.5B.
- Quarterly dividend maintained at $0.56/share; total risk-based capital ratio 12.21%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/737468/000073746824000037/0000737468-24-000037-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/737468/000073746824000037/wash-20241021.htm
  HTML page:      https://secwatch.observer/filing/0000737468-24-000037

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