In Q1 FY2026, Washington Trust Bancorp reported revenue of $57.8 million, down 2.1% year-over-year. Net income rose 3.5% to $12.6 million, with diluted EPS of $0.66, up 4.8%. Total equity stood at $546.8 million as of March 31, 2026.
•Revenue decreased 2.1% YoY to $57.8 million.
•Net income increased 3.5% YoY to $12.6 million.
•Diluted EPS grew 4.8% to $0.66.
•Total equity was $546.8 million at quarter-end.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
Washington Trust Bancorp is the bank holding company for The Washington Trust Company, of Westerly that provides various banking and financial services to individuals and businesses.
The company operates in two segments, Banking and Wealth Management Services. The Banking segment offers deposit accounts, including noninterest-bearing demand deposits, interest-bearing demand deposits, now accounts, money market accounts, savings accounts, and time deposits. Its portfolio also includes various commercial and retail lending products, such as commercial real estate loans
Including commercial mortgages, and construction and development loans, commercial and industrial loans comprising working capital, equipment financing, and financing for other business-related purposes, residential real estate loans that consist of mortgage and homeowner construction loans, and consumer loans comprising home equity loans and lines of credit, personal installment loans, and loans to individuals secured by general aviation aircraft.
This segment also provides debit cards. Its portfolio also includes automated teller machines (ATMs), telephone banking, internet banking, mobile banking, remote deposit capture, and cash management services, and investment portfolio and wholesale funding services.
The Wealth Management Services segment offers investment management. Its portfolio also includes financial planning, personal trust and estate services, such as trustee, personal representative, custodian, and guardian, and settlement of decedents' estates
Institutional trust services comprising custody and fiduciary services for personal and institutional clients. Founded in 1800, Washington Trust Bancorp is headquartered in Westerly, Rhode Island.
What does Washington Trust Bancorp, Inc. (WASH) do?
Washington Trust Bancorp, Inc. is the bank holding company for The Washington Trust Company, of Westerly, which provides a range of banking and financial services to individuals and businesses. The company operates through two segments: Banking and Wealth Management Services. The Banking segment offers deposit accounts such as noninterest-bearing demand deposits, interest-bearing demand deposits, NOW accounts, money market accounts, savings accounts, and time deposits. Its lending portfolio includes commercial real estate loans (commercial mortgages, construction and development loans), commercial and industrial loans (working capital, equipment financing), residential real estate loans (mortgage and homeowner construction loans), and consumer loans (home equity loans, personal installment loans, and loans secured by general aviation aircraft). It also provides debit cards, ATMs, telephone banking, internet banking, mobile banking, remote deposit capture, and cash management services. The Wealth Management Services segment offers investment management, financial planning, personal trust and estate services, and institutional trust services.
Where is Washington Trust Bancorp (WASH) listed and in which currency?
Washington Trust Bancorp, Inc. is listed on the Nasdaq Global Select Market (NasdaqGS) under the ticker symbol WASH. Its shares are traded in US Dollars (USD), as the company is based in the United States and its financial reporting is in USD.
What sector and industry does Washington Trust Bancorp (WASH) operate in?
Washington Trust Bancorp, Inc. operates in the Financial Services sector, specifically within the Banks - Regional industry. This means it is a regional bank holding company that provides traditional banking services along with wealth management, focusing on serving local communities and businesses in its geographic area.
Where is Washington Trust Bancorp headquartered and what markets does it serve?
Washington Trust Bancorp, Inc. is headquartered in Westerly, Rhode Island, United States. As a regional bank, it primarily serves individuals and businesses in its local markets, likely focusing on Rhode Island and surrounding areas. The company's banking and wealth management services are tailored to the needs of its community, offering both retail and commercial banking products.
How does Washington Trust Bancorp (WASH) generate revenue?
Washington Trust Bancorp generates revenue primarily through its two business segments: Banking and Wealth Management Services. The Banking segment earns income from net interest income on loans and deposits, including commercial real estate, commercial and industrial, residential real estate, and consumer loans, as well as fees from deposit accounts and services like debit cards, cash management, and digital banking. The Wealth Management Services segment generates revenue through fees for investment management, financial planning, and trust and estate services, including personal trust, institutional trust, and custodian services. This diversified model allows the company to earn both interest income and non-interest income from financial services.