secwatch.observer — SEC 8-K summary
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Issuer:     WASHINGTON TRUST BANCORP INC (WASH)
CIK:        0000737468
Form:       8-K
Filed at:   2025-01-29T23:59:59+00:00
Accession:  0000737468-25-000003
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/737468/000073746825000003/0000737468-25-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/737468/000073746825000003/wash-20250129.htm
  HTML page:      https://secwatch.observer/filing/0000737468-25-000003

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