Washington Trust Bancorp expects $11.3M in Q3 charge-offs, $7.0M provision for credit losses

WASHINGTON TRUST BANCORP INC

Charge-offs on two commercial loan relationships total $11.3M in Q3 2025.
Provision for credit losses expected at $7.0M for Q3, driven by these charge-offs.
First loan: $8.3M charge-off on telecom contractor in Chapter 11; remaining $1.0M expected collected in Q4.
Second loan: $3.0M charge-off on commercial real estate (Class B office) sold at end of September.
Commercial nonaccrual loans drop to $1.0M as of Sept 30 from $14.0M on June 30.

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