secwatch.observer — SEC 8-K summary
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Issuer:     WASHINGTON TRUST BANCORP INC (WASH)
CIK:        0000737468
Form:       8-K
Filed at:   2025-10-20T23:59:59+00:00
Accession:  0000737468-25-000057
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Washington Trust Q3 net income $10.8M, EPS $0.56; provision jumps to $7M
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- Net income $10.8M, diluted EPS $0.56, down from $13.2M ($0.68) in Q2 2025.
- Net interest margin 2.40%, up 4 bps QoQ; net interest income $38.8M, +4% QoQ.
- Provision for credit losses $7.0M vs $650K prior quarter; charge-offs $11.4M on two commercial loans.
- Nonaccrual loans fell to $14.0M (0.27% of loans) from $26.1M; in-market deposits grew 4% QoQ.
- Quarterly dividend $0.56/share paid Oct 10; $6.4M share repurchases in Q3.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/737468/000073746825000057/0000737468-25-000057-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/737468/000073746825000057/wash-20251020.htm
  HTML page:      https://secwatch.observer/filing/0000737468-25-000057

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