Washington Trust Q1 net income $12.6M ($0.66 EPS); nonaccrual loans surge to $40.4M

WASHINGTON TRUST BANCORP INC

2026-Q1 EPS reported $0.66 vs consensus $0.78 ▼ miss (-14.9%)

Net income $12.6M ($0.66 EPS) vs $16.0M ($0.83) in Q4 2025; adjusted EPS up $0.05 YoY.
Net interest margin 2.63%, up 7 bps QoQ and 34 bps YoY; net interest income down 1% QoQ.
Nonaccrual loans rose to $40.4M (0.81% of loans) from $12.9M (0.25%), driven by two CRE office loans; provision $4.0M vs $600K.
Total loans $5.0B (-2% QoQ); deposits $5.2B (-2%); in-market deposits up 3% YoY.
Quarterly dividend $0.56 per share paid Apr 10; book value $28.72; total risk-based capital ratio 13.38%.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

WASHINGTON TRUST BANCORP INC reported first quarter 2026 results: net income $12.6 million, EPS $0.66 per diluted share.

Period: first quarter 2026
Net income: $12.6 million
EPS: $0.66 per diluted share
Result: reported results

Exact text from the filing

Washington Trust Bancorp, Inc. (Nasdaq: WASH; “Washington Trust” or the “Corporation”), today reported first quarter 2026 net income of $12.6 million, or $0.66 per diluted share

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Source: SEC EDGAR

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