secwatch.observer — SEC 8-K summary
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Issuer:     WASHINGTON TRUST BANCORP INC (WASH)
CIK:        0000737468
Form:       8-K
Filed at:   2026-04-20T23:59:59+00:00
Accession:  0000737468-26-000064
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/737468/000073746826000064/0000737468-26-000064-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/737468/000073746826000064/wash-20260420.htm
  HTML page:      https://secwatch.observer/filing/0000737468-26-000064

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