Welcome to our dedicated page for Washington Tr Bancorp news (Ticker: WASH), a resource for investors and traders seeking the latest updates and insights on Washington Tr Bancorp stock.
Washington Trust Bancorp Inc (NASDAQ: WASH), America's oldest community bank since 1800, provides investors and stakeholders with essential financial updates through this dedicated news hub. Access timely press releases, earnings reports, and strategic developments from the New England banking leader.
This resource centralizes all material announcements across WASH's commercial banking and wealth management operations. Track updates on loan portfolio performance, trust service expansions, and community initiatives while staying informed about leadership changes and regulatory filings.
Key content includes quarterly earnings disclosures, merger & acquisition activity, dividend declarations, and corporate governance updates. All information is sourced directly from company filings and official statements to ensure accuracy.
Bookmark this page for streamlined access to WASH's financial communications. Combine historical context with current developments to better understand this institution's role in regional economic growth and personal wealth management solutions.
The Board of Directors of Washington Trust Bancorp (NASDAQ: WASH) declared a quarterly dividend of 56 cents per share for Q4 2022, marking a two cents increase from the previous dividend rate. This increase signifies the twelfth consecutive year of dividend growth. The dividend will be paid on January 6, 2023, to shareholders on record as of January 3, 2023. Washington Trust had approximately $6.4 billion in assets as of September 30, 2022.
Washington Trust Bancorp, Inc. (NASDAQ: WASH) has initiated a stock buyback program, allowing for the repurchase of up to 850,000 shares, representing around 5% of its common stock. This program is set to commence on January 1, 2023, and will conclude on December 31, 2023. The actual repurchase will be subject to various factors including market conditions and regulatory considerations. As of November 30, 2022, the company had approximately 17.2 million shares outstanding.
The Washington Trust Company hosted 12 Community Shred Days in 2022, effectively shredding and recycling 36 tons of sensitive documents for residents of Rhode Island and Connecticut. These events contributed to significant resource savings, including 109 cubic yards of landfill diversion and 617 trees saved. Furthermore, the initiative raised awareness about fraud prevention while supporting local charities by collecting over 2,000 hygiene items and more than 1,100 pounds of food. This reflects Washington Trust’s commitment to sustainability and community support.
Washington Trust Bancorp, Inc. (WASH) reported a third quarter 2022 net income of $18.7 million, or $1.08 per diluted share, compared to $20.0 million, or $1.14 per diluted share in Q2 2022. Net interest income reached a record $42.0 million, up 12% due to rising interest rates. Total loans increased to $4.8 billion, an 8% rise from the prior quarter. However, noninterest income fell slightly, and there was a modest increase in noninterest expenses. The company declared a quarterly dividend of $0.54 per share.
Washington Trust Bancorp, Inc. (NASDAQ: WASH) will release its third quarter 2022 earnings on October 24, 2022, after market close. A conference call with the corporation's executives is scheduled for October 25, 2022, at 8:30 a.m. ET. Participants can dial in at 1-844-200-6205. International callers can reach the conference at 1-929-526-1599. The webcast will be available on the company's website. Washington Trust operates with approximately $6.0 billion in assets as of June 30, 2022.
The Washington Trust Company has applied to open three new branches in Rhode Island locations: Barrington, Providence, and Smithfield, all planned for 2023. This expansion aims to enhance services for retail and business customers, building upon the positive reception of its recent Cumberland branch opening. With 24 existing branches, Washington Trust is the state's third-largest banking network, enhancing its competitive position. The expansion is pending necessary regulatory approvals.
Washington Trust Bancorp, Inc. (NASDAQ: WASH) has declared a quarterly dividend of 54 cents per share for the quarter ending September 30, 2022. The payment date is set for October 7, 2022, with shareholders of record on October 3, 2022. Washington Trust reported assets totaling $6.0 billion as of June 30, 2022, confirming its position as the oldest community bank in the U.S. and the largest state-chartered bank in Rhode Island. The company provides diverse financial services across the Northeast.
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