{"schema_version":"secwatch.filing_event.v1","accession":"0000737468-24-000061","form_type":"8-K","ticker":"WASH","cik":"0000737468","company_name":"WASHINGTON TRUST BANCORP INC","filed_at":"2024-12-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:10.948207+00:00","generated_at":"2026-05-29T00:41:36.769837+00:00","sec_items":["7.01","8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Washington Trust announces balance sheet repositioning with ~$70M after-tax loss funded by equity raise","bullets":["Sold ~$409M of debt securities (2.65% yield) and ~$345M of residential mortgages (3.03%) to reinvest at higher yields.","Reinvested ~$378M into securities yielding 5.30%; plans to pay down ~$352M of wholesale funding at 4.50% in Q1 2025.","Net after-tax loss of ~$70M recognized in Q4 2024, fully offset by prior equity offering of $70M.","CEO expects repositioning to improve profitability and support organic growth in 2025 and beyond."],"urls":{"canonical":"https://secwatch.observer/filing/0000737468-24-000061","json":"https://secwatch.observer/filing/0000737468-24-000061.json","markdown":"https://secwatch.observer/filing/0000737468-24-000061.md","text":"https://secwatch.observer/filing/0000737468-24-000061.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/737468/000073746824000061/0000737468-24-000061-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/737468/000073746824000061/wash-20241220.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-29T00:41:36.769837+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}