Washington Trust Earnings Reports

Washington Trust Bancorp, Inc. reported third quarter 2025 net income of $10.8 million, or $0.56 per diluted share, a decrease from $13.2 million, or $0.68 per diluted share, in the second quarter of 2025. The company expanded its net interest income and margin, grew wealth management and mortgage banking revenues, and achieved strong in-market deposit growth. However, a significant increase in the provision for credit losses, primarily due to charge-offs on two commercial loan relationships totaling $11.3 million, impacted profitability.

Washington Trust Bancorp, Inc. announced a net income of $13.2 million, or $0.68 per diluted share, for the second quarter of 2025, an increase from the previous quarter. The company saw positive performance across its diversified business model, with growth in net interest income, wealth management revenue, and mortgage banking revenue. The net interest margin improved, and the company maintained strong capital levels.

Washington Trust Bancorp, Inc. announced net income of $12.2 million, or $0.63 per diluted share, for the first quarter of 2025. This quarter's results were positively impacted by sales leaseback transactions and a pre-tax net gain on the sale of bank-owned properties, while also recognizing a pre-tax non-cash pension plan settlement charge.

Washington Trust Bancorp, Inc. reported a net loss for Q4 2024, primarily due to balance sheet repositioning transactions. Excluding these transactions, the company's adjusted net income was $10.4 million. Strategic actions taken in December to reposition the balance sheet favorably impact future revenues and provide additional capacity for growth and investment.

Washington Trust Bancorp reported a net income of $11.0 million, or $0.64 per diluted share, for the third quarter of 2024, compared to $10.8 million, or $0.63 per diluted share, for the second quarter of 2024. The results reflect a solid performance driven by a diversified business model and careful balance sheet management.

Washington Trust Bancorp, Inc. reported second quarter 2024 net income of $10.8 million, or $0.63 per diluted share. The company focused on managing economic conditions, maintaining credit quality, and managing expenses, while also investing in technology and marketing for deposit growth.

Washington Trust Bancorp reported a net income of $10.9 million, or $0.64 per diluted share, for the first quarter of 2024. The results reflect the company's diversified business model amidst margin pressure from higher funding costs.

Washington Trust Bancorp, Inc. reported a net income of $12.9 million for Q4 2023, which translates to $0.76 per diluted share. The results reflect the company's perseverance in a challenging economic environment, with a focus on a diversified business model and disciplined credit culture.

Washington Trust Bancorp reported a net income of $11.2 million, or $0.65 per diluted share, for the third quarter of 2023. The corporation's performance reflects its core strength and resilience in managing difficult operating conditions. They continue to attract new business across all lines.

Washington Trust Bancorp reported a net income of $11.3 million for Q2 2023, a decrease compared to the previous quarter's $12.8 million. The results reflect the strength and stability of the company's diversified business model despite a challenging interest rate environment. Total assets surpassed $7 billion for the first time, with consistent deposit growth and strong asset quality.

Washington Trust Bancorp reported a net income of $12.8 million for Q1 2023, a decrease compared to $16.6 million in the previous quarter. The results were affected by margin pressure from rising funding costs and increased competition for deposits, despite strong capital, liquidity, and asset quality.

Washington Trust Bancorp, Inc. announced Q4 2022 net income of $16.6 million, or $0.95 per diluted share, compared to $18.7 million, or $1.08 per diluted share, for the third quarter of 2022. Total loans reached an all-time high, and asset quality remained strong.

Washington Trust Bancorp reported a net income of $18.7 million, or $1.08 per diluted share, for the third quarter of 2022. The results reflect strong loan growth and an all-time quarterly record for net interest income.

Washington Trust Bancorp, Inc. reported a net income of $20.0 million, or $1.14 per diluted share, for the second quarter of 2022, compared to a net income of $16.5 million, or $0.94 per diluted share, for the first quarter of 2022.

Washington Trust Bancorp reported a net income of $16.5 million, or $0.94 per diluted share, for the first quarter of 2022. While overall earnings were impacted by market volatility and economic uncertainty, the company's balance sheet, capital position, and credit quality remained strong. Total loans excluding PPP loans reached an all-time high, and in-market deposits also hit a record.

Washington Trust Bancorp, Inc. reported a net income of $20.2 million, or $1.15 per diluted share, for the fourth quarter of 2021, compared to a net income of $18.8 million, or $1.07 per diluted share, for the third quarter of 2021.

Washington Trust Bancorp, Inc. reported Q3 2021 net income of $18.8 million, or $1.07 per diluted share, compared to net income of $17.5 million, or $1.00 per diluted share, for the second quarter of 2021. The company's assets reached a record $6 billion, and deposits reached an all-time high of $5 billion.

Washington Trust Bancorp, Inc. reported a net income of $17.5 million, or $1.00 per diluted share, for the second quarter of 2021. The wealth management division achieved record assets under administration of $7.4 billion and generated $10.4 million in quarterly revenues. Commercial lending activity saw a revival as the economic recovery continued.

Washington Trust Bancorp reported a strong first quarter in 2021, with net income of $20.5 million, or $1.17 per diluted share, compared to $18.6 million, or $1.07 per diluted share, for the fourth quarter of 2020.

Washington Trust Bancorp, Inc. reported a net income of $18.6 million, or $1.07 per diluted share, for the fourth quarter of 2020, compared to a net income of $18.3 million, or $1.06 per diluted share, for the third quarter of 2020. Mortgage banking revenues amounted to $14.1 million, and wealth management revenues were $9.2 million for the fourth quarter.

Washington Trust Bancorp, Inc. reported Q3 2020 net income of $18.3 million, or $1.06 per diluted share, reflecting good performances across key business lines, led by strong mortgage banking activity, increases in wealth management assets under administration, and in-market deposit growth.

Washington Trust Bancorp, Inc. reported a strong second quarter in 2020, with net income of $21.0 million, or $1.21 per diluted share. The company's performance was driven by record mortgage banking revenues and the successful execution of a business continuity plan during the COVID-19 pandemic.

Washington Trust Bancorp reported a decrease in net income for Q1 2020, impacted by the adoption of CECL and the COVID-19 pandemic, though balance sheet growth remained positive.

Washington Trust Bancorp reported a decrease in net income for Q4 2019 compared to the previous quarter, with net income at $15.5 million, or $0.89 per diluted share. However, the company's full-year earnings for 2019 reached a record high. Total loans and in-market deposits increased during the quarter.