secwatch.observer — SEC 8-K summary
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Issuer:     WASHINGTON TRUST BANCORP INC (WASH)
CIK:        0000737468
Form:       8-K
Filed at:   2025-07-21T23:59:59+00:00
Accession:  0000737468-25-000031
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Washington Trust Q2 net income $13.2M, EPS $0.68; net interest margin +7 bps
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- Net income $13.2M ($0.68 diluted EPS) vs Q1 $12.2M ($0.63); adjusted Q1 EPS $0.61 excluding special items.
- Net interest margin 2.36%, up 7 bps from Q1; net interest income $37.2M, +2%.
- Wealth management revenue +2% to $10.1M; mortgage banking +32% to $3.0M on higher loan sales.
- Total loans $5.1B, +1%; in-market deposits $5.0B, +1% from Q1, +9% YoY.
- Nonaccrual loans rose to $26.1M (0.51% vs 0.42% prior) due to one $9.4M commercial relationship.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/737468/000073746825000031/0000737468-25-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/737468/000073746825000031/wash-20250721.htm
  HTML page:      https://secwatch.observer/filing/0000737468-25-000031

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