WASHINGTON TRUST BANCORP INC — Form 8-K
Filed October 19, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 42/100
What the filing says
Washington Trust Bancorp reported Q3 2026 net income of $19.4M, up $3.4M (21%) from Q2 2026 and $8.5M (79%) YoY. Diluted EPS was $1.01, up $0.18 QoQ and $0.45 YoY. Net interest margin expanded 11 basis points to 2.84%; total deposits reached an all-time high of $5.4B (+$77.1M QoQ); loans grew $61.8M; nonaccrual loans improved to 0.48% from 0.78% following resolution of a $22.3M CRE office loan that was bifurcated ($18.5M returned to accruing, $3.8M charged off). Provision for credit losses was $1.8M; capital ratios remained strong (CET1 11.93%).
Why this rating
Strong earnings growth and margin expansion are positive; however, relative to $539.5M market cap, $19.4M quarterly net income ($77.6M annualized) and $22.3M loan resolution are normal operations. No material M&A, strategic shift, or going-concern event.
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