Washington Trust Q3 2026 net income $19.4M, EPS $1.01; NIM expands to 2.84%

WASHINGTON TRUST BANCORP INC

Net income $19.4M, up $3.4M (21%) from Q2 and up $8.5M YoY; diluted EPS $1.01, up $0.18 QoQ; ROAE 13.89% and ROAA 1.17% vs 11.61% and 0.99%.
NIM 2.84%, up 11 bps QoQ and 44 bps YoY; net interest income $44.7M (+7% QoQ, +15% YoY), including $283K of recovered Q2 interest on a resolved loan.
Deposits reached a record $5.4B, up $77.1M QoQ and $213M YoY; loans $5.2B (+$61.8M) on commercial real estate growth; FHLB advances $376M, down 52% YoY; CET1 11.93%.
Nonaccrual loans fell to $24.5M (0.48%) from $39.8M (0.78%) after a $22.3M CRE office loan was restructured: $18.5M back to accruing, $3.8M charged off; net charge-offs $3.9M.
Dividend of 56 cents per share paid Oct 9, 2026 to holders of record Oct 1; book value per share $27.82 vs $29.02 on an AOCI decline from lower AFS securities fair value.

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