---
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"
generated_at: "2026-05-29T00:41:36.769837+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Washington Trust announces balance sheet repositioning with ~$70M after-tax loss funded by equity raise

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000737468-24-000061
- JSON: https://secwatch.observer/filing/0000737468-24-000061.json
- Plain text: https://secwatch.observer/filing/0000737468-24-000061.txt

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