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Get filing alertsWashington Trust reports Q2 2026 EPS of $0.83, up 27% QoQ on margin expansion and loan growth
Filed July 20, 2026 · Period ending July 20, 2026 · ~1 min read
Key Changes
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Net income rose to $16.0M ($0.83/share), up 27% from Q1 2026 and 21% year-over-year, driven by net interest margin expansion and commercial loan growth.
Item 2.02 — Results of Operations and Financial Condition verify on EDGAR → -
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Net interest margin expanded 10 basis points to 2.73%, with $1.4M contribution from full amortization of a deferred hedge loss of $1.6 million as of May 1, 2026—a permanent run-rate improvement starting Q3 2026.
Exhibit 99.1 view on EDGAR → -
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Total loans grew $88M (2%) to $5.1B, led by $63M in commercial & industrial lending from the institutional banking team; deposits rose $194M (4%) to $5.4B with no wholesale brokered deposits.
Exhibit 99.1 view on EDGAR → -
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Provision for credit losses declined to $1.6M from $4.0M in Q1; nonaccrual loans fell to 0.78% of total loans, while past due loans rose to 0.81% due to a single commercial real estate office loan already on nonaccrual.
Exhibit 99.1 view on EDGAR → -
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Board declared a quarterly dividend of $0.56 per share, paid July 10, 2026 to shareholders of record on July 1, 2026, maintaining the prior quarter's level.
Exhibit 99.1 view on EDGAR →
Summary
Washington Trust Bancorp reported strong second quarter 2026 results, with net income of $16.0 million ($0.83 per diluted share) up 27% from the prior quarter and 21% year-over-year. The improvement was driven by net interest margin expansion and robust commercial loan and deposit growth.
Net interest margin rose 10 basis points to 2.73%, benefiting from the full amortization of a deferred hedge loss of $1.6 million as of May 1, 2026, which contributed $1.4 million and 9 basis points to Q2 results and will provide a permanent run-rate lift starting in Q3 2026.
The company's commercial and institutional banking teams delivered solid execution, growing total loans by $88 million (2%) to $5.1 billion, led by $63 million in commercial & industrial lending. Deposits increased $194 million (4%) to $5.4 billion, with year-over-year growth of 6% and no wholesale brokered deposits outstanding. Asset quality remained stable, with nonaccrual loans declining to 0.78% of total loans and the provision for credit losses falling to $1.6 million from $4.0 million in Q1. The increase in past due loans to 0.81% was attributable to a single commercial real estate office loan already on nonaccrual, not broader portfolio deterioration. The Board maintained the quarterly dividend at $0.56 per share.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
Washington Trust Bancorp disclosed Q2 2026 earnings results via press release.
Added in current filing · verify on EDGAR →
On July 20, 2026, Washington Trust Bancorp, Inc. issued a press release in which it disclosed unaudited financial information related to second quarter 2026 consolidated earnings.
The company announced its second quarter 2026 financial results. The 8-K itself does not contain the actual earnings figures; those are in the attached press release (Exhibit 99.1).
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 28, 2026 · How we verify