---
schema_version: "secwatch.filing_event.v1"
accession: "0000737468-26-000064"
form_type: "8-K"
ticker: "WASH"
cik: "0000737468"
company_name: "WASHINGTON TRUST BANCORP INC"
filed_at: "2026-04-20T23:59:59+00:00"
generated_at: "2026-05-15T05:25:16.893507+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%.

## SEC filing metadata
- accession: 0000737468-26-000064
- form_type: 8-K
- ticker: WASH
- cik: 0000737468
- company_name: WASHINGTON TRUST BANCORP INC
- filed_at: 2026-04-20T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/737468/000073746826000064/0000737468-26-000064-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/737468/000073746826000064/wash-20260420.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000737468-26-000064
- JSON: https://secwatch.observer/filing/0000737468-26-000064.json
- Plain text: https://secwatch.observer/filing/0000737468-26-000064.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/737468/000073746826000064/0000737468-26-000064-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.