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 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.
Washington Trust has officially opened its 25th branch in Cumberland, Rhode Island, enhancing its presence in Northern RI. The ceremony was attended by CEO Edward Handy and local dignitaries. This new facility offers a comprehensive range of banking services for individuals and businesses, including both in-branch and digital solutions, led by AVP Crystal Thompson. To support the local community, Washington Trust donated $2,500 to the Northern Rhode Island Food Pantry. A Grand Opening event is scheduled for August 20, featuring free food and giveaways.
The Washington Trust Company has appointed Crystal Thompson as the Assistant Vice President and Branch Manager of its new Cumberland, Rhode Island branch, set to open in early August 2022. Thompson brings over a decade of banking experience from Pawtucket Credit Union and will focus on customer relations and community engagement. With this launch, Washington Trust will operate 24 branches in Rhode Island and one in Mystic, Connecticut. The appointment underscores the bank's expansion strategy in northern Rhode Island.
Washington Trust Bancorp (WASH) reported a net income of $20.0 million, or $1.14 per diluted share, for Q2 2022, an increase from $16.5 million or $0.94 in Q1 2022. Key highlights include a 7% rise in net interest income to $37.5 million and a 29% increase in residential real estate loan originations to $350 million. However, noninterest income decreased by 8% to $15.9 million. Total loans reached an all-time high of $4.5 billion, despite a 4% decline in in-market deposits to $4.5 billion.
Washington Trust Bancorp, Inc. (NASDAQ: WASH) announced its release date for second quarter 2022 earnings on July 25, 2022, after market closes. A conference call with executives will take place on July 26, 2022, at 8:30 a.m. ET. Interested participants can join via dial-in numbers or through a webcast available on the company’s website. As of March 31, 2022, Washington Trust had $5.8 billion in assets, maintaining its status as the oldest community bank in the U.S. and the largest state-chartered bank in Rhode Island.
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