News about WASH

Washington Trust Bancorp (Nasdaq: WASH) reported third quarter 2026 net income of $19.4 million, up $3.4 million or 21% from the previous quarter, with diluted EPS of $1.01. Net interest margin expanded 11 basis points to 2.84%, and net interest income rose 7% to $44.7 million, including $283 thousand of previously unrecognized second-quarter interest income tied to a resolved commercial real estate office loan. Noninterest income increased 9%, helped by loan-related derivative income and a $954 thousand non-taxable gain on bank-owned life insurance, while noninterest expense rose 0.5%. Deposits reached an all-time high of $5.4 billion, loan balances grew $61.8 million from June 30, 2026, and the common equity tier 1 ratio stood at 11.93% at September 30, 2026. Compared with the third quarter of 2025, net income was up $8.5 million.