---
schema_version: "secwatch.filing_event.v1"
accession: "0000737468-25-000003"
form_type: "8-K"
ticker: "WASH"
cik: "0000737468"
company_name: "WASHINGTON TRUST BANCORP INC"
filed_at: "2025-01-29T23:59:59+00:00"
generated_at: "2026-05-27T07:38:18.142836+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Washington Trust reports Q4 2024 net loss of $60.8M due to balance sheet repositioning

## Summary
- Net loss of $60.8M ($3.46 loss per diluted share); adjusted net income $10.4M ($0.59).
- Sold $409M securities and committed to sell $345M loans; pre-tax loss of $93.9M.
- Completed equity offering of 2.2M shares at $34/share, raising $70.5M net.
- Net interest margin improved to 1.95% from 1.85% in Q3 2024.
- In-market deposits stable at $4.8B; total loans declined 7% to $5.1B.

## SEC filing metadata
- accession: 0000737468-25-000003
- form_type: 8-K
- ticker: WASH
- cik: 0000737468
- company_name: WASHINGTON TRUST BANCORP INC
- filed_at: 2025-01-29T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/737468/000073746825000003/0000737468-25-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/737468/000073746825000003/wash-20250129.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000737468-25-000003
- JSON: https://secwatch.observer/filing/0000737468-25-000003.json
- Plain text: https://secwatch.observer/filing/0000737468-25-000003.txt

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