WASHINGTON TRUST BANCORP INC (WASH) Form 8-K — Oct 19, 2026
Washington Trust Bancorp (Nasdaq: WASH) reported Q3 2026 net income of $19.4 million, or $1.01 per diluted share, up 21% from the prior quarter and up $8.5 million (+79%) from Q3 2025. Net interest margin expanded 11 bps to 2.84%, deposits hit an all-time high of $5.4 billion, and the efficiency ratio improved to 59.7%, which management attributed to margin expansion and improved operating efficiency. Asset quality improved markedly: nonaccrual loans fell to $24.5 million (0.48% of loans) after a $22.3 million commercial real estate office loan was restructured, with $18.5 million returned to accruing status and $3.8 million charged off.
Key figures
- Eps
- 1.01
- Net Income
- 19400000
- Total Debt
- FHLB advances of $376 million; junior subordinated debentures $22.7 million
- Revenue Yoy
- net interest income +15% YoY to $44.7 million
- Total Assets
- 6538491000
- Cash Position
- $5.4 billion total deposits (all-time high)
- Shares Outstanding
- 19081
- Roa
- 1.17%
- Roe
- 13.89%
- Cet1 ratio
- 11.93%
- Total loans
- $5.2 billion (+$61.8 million QoQ)
- Net charge offs
- 3900000
- Efficiency ratio
- 59.7%
- Nonaccrual loans
- $24.5 million (0.48% of loans), down from $39.8 million
- Quarterly dividend
- $0.56 per share
- Net interest margin
- 2.84% (+11 bps QoQ, +44 bps YoY)
- Book value per share
- 27.82
- Diluted eps year ago
- 0.56
- Securities portfolio
- $818 million
- Net income qoq change
- +$3.4 million (+21%)
- Net income yoy change
- +$8.5 million (+78.7%)
- Diluted eps prior quarter
- 0.83
- Provision for credit losses
- 1800000
- Tangible book value per share
- 24.27
AI analysis
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