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).
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 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 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 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 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 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 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).
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 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 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).
Net income $12.8M ($0.74 diluted EPS) vs $16.6M ($0.95) in Q4 2022.
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 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.
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 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