secwatch.observer — SEC 8-K summary
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Issuer:     WASHINGTON TRUST BANCORP INC (WASH)
CIK:        0000737468
Form:       8-K
Filed at:   2025-10-08T23:59:59+00:00
Accession:  0000737468-25-000054
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/737468/000073746825000054/0000737468-25-000054-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/737468/000073746825000054/wash-20251008.htm
  HTML page:      https://secwatch.observer/filing/0000737468-25-000054

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