Highest-materiality recent filing
Washington Trust adopts $850k-share buyback (~4.5% of outstanding)
Program authorizes repurchase of up to 850,000 shares of common stock (par $0.0625).
85.7% turnout; four director nominees elected with votes for: 11.8M-12.6M each.
Washington Trust Q1 net income $12.6M ($0.66 EPS); nonaccrual loans surge to $40.4M
Net income $12.6M ($0.66 EPS) vs $16.0M ($0.83) in Q4 2025; adjusted EPS up $0.05 YoY.
Washington Trust Bancorp approves Divisional Growth Incentive Plan for four senior officers
Plan covers Chief Commercial Banking, Retail Banking, Wealth Management, and Retail Lending Officers.
Washington Trust Q4 net income $16.0M, EPS $0.83; full-year profit vs loss in 2024
Q4 2025 net income $16.0M ($0.83 diluted EPS) vs Q3 $10.8M ($0.56) and 2024 full-year $52.2M ($2.71) vs 2024 net loss $28.1M (($1.63)).
Washington Trust Q3 net income $10.8M, EPS $0.56; provision jumps to $7M
Net income $10.8M, diluted EPS $0.56, down from $13.2M ($0.68) in Q2 2025.
Washington Trust Bancorp expects $11.3M in Q3 charge-offs, $7.0M provision for credit losses
Charge-offs on two commercial loan relationships total $11.3M in Q3 2025.
Washington Trust restarts stock repurchases after prior pause; CEO cites changed market conditions
CEO Edward Handy announced at BofA SMID Cap Conference on Aug 13, 2025 that the company has re-engaged in stock repurchases under its existing program.
Washington Trust Q2 net income $13.2M, EPS $0.68; net interest margin +7 bps
Net income $13.2M ($0.68 diluted EPS) vs Q1 $12.2M ($0.63); adjusted Q1 EPS $0.61 excluding special items.
Washington Trust Bancorp adopts stock repurchase program for up to 850,000 shares
Board authorized repurchase of up to 850,000 shares (~4.4% of outstanding) under 2025 Repurchase Program.
Annual Meeting elects three directors, ratifies Crowe LLP, approves say-on-pay
Directors elected: Gencarella (12,266,777 for), Handy (12,110,556), Ruggieri (11,794,562); broker non-votes 3,390,689.
Washington Trust Q1 net income $12.2M ($0.63 EPS); NIM expands 34 bps to 2.29%
Adjusted EPS $0.61 excludes $7.0M gain on sale-leaseback and $6.4M pension settlement charge.
Washington Trust Bancorp reinstates Annual Performance Plan with PPNR and ROAA metrics
Committee approved plan replacing 2024 Executive Bonus Plan, effective March 18, 2025.
Washington Trust reports Q4 2024 net loss of $60.8M due to balance sheet repositioning
Net loss of $60.8M ($3.46 loss per diluted share); adjusted net income $10.4M ($0.59).
Sold ~$409M of debt securities (2.65% yield) and ~$345M of residential mortgages (3.03%) to reinvest at higher yields.
Washington Trust closes upsized stock offering raising ~$71M for balance sheet optimization
Sold 2,198,528 shares total at $34.00 per share, including 286,764 from underwriters' option exercise.
Washington Trust prices upsized public offering of 1.9M shares at $34.00 each, net proceeds ~$61.75M
Offering of 1,911,764 shares at $34.00/share; underwriter may purchase up to 286,764 additional shares.
Washington Trust announces $55M common stock offering with 30-day option for additional 15%
Offering of $55M in common stock; underwriter BofA Securities granted 30-day option to buy up to 15% more shares.
Washington Trust Q3 net income $11.0M ($0.64 EPS), steady quarter; AUA tops $7B
Q3 net income $11.0M, up from $10.8M in Q2; diluted EPS $0.64 vs $0.63.
Washington Trust Q2 net income $10.8M ($0.63 EPS), steady from Q1; net interest margin 1.83%
Net income $10.8M vs $10.9M in Q1; diluted EPS $0.63 vs $0.64.
Washington Trust suspends 2024 Annual Performance Plan; adopts new Executive Bonus Plan
Committee suspended Annual Performance Plan for 2024; adopted 2024 Executive Bonus Plan for EVPs and above.
Three directors retire due to age limit; four elected at Washington Trust annual meeting
Directors John J. Bowen, Steven J. Crandall, and Joseph J. MarcAurele retired after reaching age 72.
Washington Trust Q1 net income $10.9M ($0.64 EPS) down 15% QoQ; NIM narrows to 1.84%
Net income $10.9M ($0.64 diluted EPS) vs. Q4 2023 $12.9M ($0.76); net interest margin 1.84% (down 4 bps QoQ).
Washington Trust appoints Debra M. Paul and Angel Taveras to Board of Directors
Effective March 1, 2024, Debra M. Paul (former CPA, ex-CEO of FHR) and Angel Taveras (former Providence Mayor, attorney) join the Board.
Washington Trust Bancorp appoints Debra M. Paul to board effective March 1, 2024
Debra M. Paul elected to board, filling vacancy from an expansion, effective March 1, 2024.
Q4 net income $12.9M ($0.76/diluted) vs $11.2M ($0.65) in Q3; includes $0.19/share benefit from MA tax law change.
Washington Trust Bancorp authorizes repurchase of up to 850,000 shares (~5% of outstanding) for 2024
Board authorized repurchase of up to 850,000 shares (~5% of ~17M outstanding).
Washington Trust Q3 net income $11.2M ($0.65 EPS); nonaccrual loans surge to 0.60%
Net income $11.2M ($0.65 diluted EPS), down slightly from $11.3M ($0.66) in Q2 2023.
Washington Trust settles DOJ fair lending probe; to provide $7M in loan subsidies, $2M outreach
Settlement resolves DOJ allegations of fair lending violations in RI from 2016-2021 without civil penalties.
Washington Trust Q2 net income $11.3M ($0.66 EPS) down from $12.8M in Q1
Net income $11.3M ($0.66 diluted EPS) vs Q1 net income $12.8M ($0.74 EPS).
Washington Trust board sets annual say-on-pay vote after shareholder preference
At April 25 annual meeting, majority of shareholders favored annual say-on-pay frequency.
Kathleen E. McKeough retired from Board after reaching age 72; Robert A. DiMuccio appointed Lead Director.
Net income $12.8M ($0.74 diluted EPS) vs $16.6M ($0.95) in Q4 2022.
Washington Trust director Alimamy D. Jabbie, Jr. resigns effective immediately
Director Alimamy D. Jabbie, Jr. resigned from the board effective February 8, 2023.
Washington Trust Q4 EPS $0.95 vs $1.08 QoQ; loans hit record $5.1B
Net income $16.6M ($0.95 diluted EPS) vs Q3 $18.7M ($1.08); full-year 2022 $4.11 EPS vs $4.39 in 2021.
Washington Trust CEO Mark Gim to retire April 2023; Mary Noons named successor as President and COO
Mark K.W. Gim to retire as President and COO effective April 25, 2023, after 30 years.
Washington Trust Bancorp authorizes repurchase of up to 850,000 shares (5% of outstanding)
Authorizes repurchase of up to 850,000 shares, or ~5% of ~17.2M shares outstanding as of Nov 30, 2022.
Washington Trust Q3 net income $18.7M ($1.08 EPS); NII record $42.0M, loans $4.8B
Net income $18.7M ($1.08 diluted EPS) vs $20.0M ($1.14) in Q2; ROAE 15.16%, ROAA 1.19%.
Washington Trust Q2 net income $20.0M ($1.14 EPS), up from $16.5M; net interest income +7%
Net income $20.0M, diluted EPS $1.14, compared $16.5M, $0.94 in prior quarter.
Shareholders approve 2022 Long Term Incentive Plan authorizing 600,000 shares
Plan approved with 11,746,218 for, 507,798 against, 2,399,033 broker non-votes.
Washington Trust Q1 net income $16.5M ($0.94/diluted), down from Q4 2021 $20.2M ($1.15)
Net interest income $35.1M, down 7% linked-quarter; net interest margin 2.57%, down 14 bps.
Washington Trust elects two new board members, effective March 1, 2022
Joseph Gencarella, former KPMG audit partner, and Alimamy D. Jabbie Jr., CEO of Banneker Supply Chain Solutions, elected to board.
Washington Trust Q4 net income $20.2M ($1.15 EPS); record wealth revenues, dividend raised
Q4 net income $20.2M, EPS $1.15 vs Q3 $1.07; full-year $76.9M, EPS $4.39 vs $4.00 prior year.
Washington Trust Bancorp authorizes repurchase of up to 850,000 shares (5% of outstanding)
Board adopted stock repurchase program for up to 850,000 shares, representing ~5% of outstanding.
Washington Trust Q3 net income $18.8M, EPS $1.07; assets hit record $6B
Net income $18.8M ($1.07 diluted EPS) vs Q2 2021 net income $17.5M ($1.00 EPS).
Net income $17.5M, diluted EPS $1.00; ROAE 12.92%, ROAA 1.20%.
On April 23, 2024, John J. Bowen, Steven J. Crandall, and Joseph J. MarcAurele retired from the Board of Directors of Washington Trust Bancorp, Inc.
On April 23, 2024, John J. Bowen, Steven J. Crandall, and Joseph J. MarcAurele retired from the Board of Directors of Washington Trust Bancorp, Inc.
On April 23, 2024, John J. Bowen, Steven J. Crandall, and Joseph J. MarcAurele retired from the Board of Directors of Washington Trust Bancorp, Inc.
On February 8, 2024, the Board of Directors (the “Board”) of Washington Trust Bancorp, Inc. (the “Corporation”) appointed Angel Taveras, Esq. to serve as a director of the Corporation effective as of March 1, 2024, filling a vacancy created by an expansion of the Board.
On January 24, 2024, the Board of Directors (the “Board”) of Washington Trust Bancorp, Inc. (the “Corporation”) elected Debra M. Paul to serve as a director of the Corporation effective as of March 1, 2024, filling a vacancy created by an expansion of the Board.
Subsequent with Ms. McKeough's retirement, Robert A. DiMuccio, CPA was appointed Lead Director of the Corporation.
On April 25, 2023, Kathleen E. McKeough retired from the Board of Directors of Washington Trust Bancorp, Inc. (the "Corporation").
On February 8, 2023, Alimamy D. ("Junior") Jabbie, Jr. provided notice of his decision to resign from the Board of Directors of Washington Trust Bancorp, Inc., effective immediately.
and to President and Chief Operating Officer of the Corporation and the Bank, effective April 26, 2023
the respective Boards of Directors of the Corporation and the Bank appointed Mary E. Noons, 61, as Senior Executive Vice President and Chief Retail Lending Officer of the Bank effective immediately
the Board of Directors of the Corporation elected Mr. Gim to serve as a Director of the Corporation, effective immediately
Mark K.W. Gim informed the Board of Directors of Washington Trust Bancorp, Inc. (the “Corporation”) of his intent to retire as President and Chief Operating Officer of the Corporation and The Washington Trust Company (the “Bank”) on April 25, 2023
Max materiality 0.85 · Median 0.60 · Most common event earnings