---
schema_version: "secwatch.filing_event.v1"
accession: "0000737468-25-000019"
form_type: "8-K"
ticker: "WASH"
cik: "0000737468"
company_name: "WASHINGTON TRUST BANCORP INC"
filed_at: "2025-04-21T23:59:59+00:00"
generated_at: "2026-05-23T10:47:25.848225+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Washington Trust Q1 net income $12.2M ($0.63 EPS); NIM expands 34 bps to 2.29%

## Summary
- Adjusted EPS $0.61 excludes $7.0M gain on sale-leaseback and $6.4M pension settlement charge.
- Net interest margin rose 34 bps to 2.29% from balance sheet repositioning; net interest income up 11% QoQ.
- In-market deposits up 4% to $5.0B; wholesale brokered deposits decreased 91% to $27M.
- Mortgage banking revenues fell 19% QoQ to $2.3M; loans sold down 33%.
- Total risk-based capital ratio 13.13%, well above well-capitalized; book value $27.06, up 4%.

## SEC filing metadata
- accession: 0000737468-25-000019
- form_type: 8-K
- ticker: WASH
- cik: 0000737468
- company_name: WASHINGTON TRUST BANCORP INC
- filed_at: 2025-04-21T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/737468/000073746825000019/0000737468-25-000019-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/737468/000073746825000019/wash-20250421.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000737468-25-000019
- JSON: https://secwatch.observer/filing/0000737468-25-000019.json
- Plain text: https://secwatch.observer/filing/0000737468-25-000019.txt

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