Washington Tr Bancorp Inc Stock Price, News & Analysis

Washington Trust (NASDAQ:WASH) has appointed James C. Brown as Senior Executive Vice President and Chief Commercial Banking Officer. Brown brings over 38 years of financial services experience and will oversee all Commercial Banking activities, including Commercial Real Estate, Commercial & Industrial, Business Banking, Private Clients Group, and Cash Management Services.

Prior to joining Washington Trust, Brown served as Senior Executive Vice President at Berkshire Bank, managing Commercial and Private Banking across multiple states. His extensive career includes positions at Shawmut Bank, State Street Bank, and a 22-year tenure at Boston Private Bank as Co-President of the Commercial Bank. Brown holds a bachelor's degree from Nichols College and an MBA from Boston College's Carroll School of Management.

Washington Trust (NASDAQ:WASH) announced that Senior Vice President and CTO Daryl Clark has been named to the Forbes Technology Council's "Top 500 CTOs to Watch in America" list. Clark, who joined as CTO in January 2021, is the only representative from a Rhode Island-headquartered company on this prestigious list.

Under Clark's leadership at the $7 billion-asset institution, significant technological achievements include complete cloud migration, enhanced mobile device management, strengthened cybersecurity measures, and five consecutive years of clean IT audits. His implementation of VMware integration notably reduced computing footprint by over 80% while expanding server deployments fivefold.

Washington Trust (NASDAQ:WASH), the nation's oldest community bank, celebrates its 225th anniversary on August 22, 2025. Founded in 1800 in Westerly, Rhode Island, the bank has grown into a premier New England financial institution offering banking, mortgage, and wealth management services.

The bank employs over 650 people across Rhode Island, Connecticut, and Massachusetts, and maintains its independence while many regional banks undergo mergers. Washington Trust demonstrates strong community involvement by donating over $1 million annually and contributing 8,000+ volunteer hours to nonprofit organizations.

To commemorate this milestone, CEO Edward O. Handy III will ring the Nasdaq Opening Bell in Times Square, accompanied by approximately 50 company representatives. Customer appreciation events will be held at all branch locations.

Washington Trust (NASDAQ:WASH) has been recognized as one of Rhode Island's healthiest employers by Providence Business News (PBN) for the fourth consecutive year. The bank was among 27 organizations honored in the 2025 Healthiest Employers Awards, specifically in the 500-1,499 employee category.

The recognition was based on a comprehensive evaluation of the company's physical, financial, and mental well-being programs. The bank's commitment to employee wellness includes education initiatives, rewards programs, and support for healthy lifestyle choices.

Washington Trust Advisors (NASDAQ:WASH) has completed the acquisition of Lighthouse Financial Management, a Westerly-based advisory firm managing approximately $190 million in assets. The transaction, which closed on July 31, 2025, strengthens Washington Trust's wealth management division.

The acquisition brings over the entire Lighthouse Financial team, including founder Stephen C. Poplaski and key team members. Lighthouse Financial, established in 2003, specializes in investment, tax, and retirement planning services. The integration aims to enhance client services through expanded expertise in tax planning, business planning, and behavioral personal finance.

Washington Trust (WASH) has received the Exemplary Worksite Health Award from Blue Cross & Blue Shield of Rhode Island and the Greater Providence Chamber of Commerce for the ninth consecutive year. The bank was among nearly 50 Rhode Island businesses recognized for their commitment to employee wellness programs.

The company's comprehensive well-being program, spanning over two decades, supports physical, emotional, and financial health through various initiatives including discounted medical premiums and financial planning resources. Washington Trust also promotes workplace inclusivity through employee resource groups such as Pride, ¡Somos!, Unity, and Ascend, consistently achieving high satisfaction ratings in annual culture surveys.

Washington Trust Bancorp (NASDAQ:WASH) reported Q2 2025 net income of $13.2 million, or $0.68 per diluted share, up from $12.2 million ($0.63 per share) in Q1 2025. Key highlights include a net interest margin increase to 2.36%, up 7 basis points from Q1, and total loans of $5.1 billion, up 1% from March 31.

The bank saw positive growth across multiple segments: wealth management revenues increased 2% quarter-over-quarter, mortgage banking revenues rose 32%, and in-market deposits grew to $5.0 billion, up 9% year-over-year. Asset quality metrics showed nonaccrual loans at 0.51% of total loans, while maintaining a strong capital position with a total risk-based capital ratio of 13.06%.

Washington Trust (NASDAQ:WASH) has donated 1,667 personal hygiene items to Amenity Aid, a Rhode Island-based non-profit organization, as part of its Community Shred Days initiative. The donation was collected during free document shredding events held across multiple locations in Rhode Island.

Since initiating this annual event in 2022, Washington Trust has accumulated 6,321 hygiene items and raised $1,200 for Amenity Aid. The initiative addresses hygiene poverty, which affects 38% of Rhode Islanders. The events were conducted at various branch locations including Barrington, Coventry, North Kingstown, Smithfield, and Westerly.

Washington Trust Bancorp (NASDAQ: WASH) has scheduled its second quarter 2025 earnings release and conference call. The company will release its Q2 2025 earnings on Monday, July 21, 2025, after market close, followed by a conference call with executives on Tuesday, July 22, 2025, at 8:30 a.m. ET.

Investors can access the conference call via toll-free dial-in or through a webcast on the company's investor relations website. A replay of the teleconference will be available until Tuesday, August 5, 2025.