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.
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.
The Board of Directors of Washington Trust Bancorp (NASDAQ: WASH) declared a quarterly dividend of 54 cents per share for the quarter ending June 30, 2022. This dividend is set to be paid on July 8, 2022, to shareholders of record as of July 1, 2022. As of March 31, 2022, the company reported total assets of $5.8 billion. Founded in 1800, Washington Trust is recognized as the oldest community bank in the U.S., providing a wide range of financial services across New England.
On June 16, 2022, Washington Trust announced the success of its Community Shred Days, where over 25 tons of sensitive documents were shredded and recycled. This initiative, conducted at six branches on April 9 and May 21, 2022, diverted 76 cubic yards of landfill, conserved 178,500 gallons of water, saved 434 trees, and spared 50 barrels of oil. Additionally, the bank collected over 2,000 hygiene items and $1,200 for Amenity Aid, reflecting its commitment to customer data protection and sustainability efforts.
Washington Trust, based in Westerly, Rhode Island, has partnered with Banzai to provide free online financial literacy resources to local schools and students. This initiative, launched on May 3, 2022, aims to enhance students' financial knowledge, covering topics such as budgeting, saving, and credit management. The program aligns with Rhode Island's state curriculum, ensuring schools meet the newly mandated financial education requirements. Washington Trust is the first financial institution in Rhode Island to sponsor this program, which offers digital and physical educational resources at no cost.
Washington Trust Bancorp (NASDAQ: WASH) reported first quarter 2022 net income of $16.5 million, or $0.94 per diluted share, down from $20.2 million in Q4 2021. Key metrics include return on average equity at 12.04% and average assets at 1.14%. Wealth management revenues peaked at $10.5 million. Total loans reached $4.3 billion, a modest increase. However, net interest income fell by 7% to $35.1 million. The bank's capital and credit quality remain strong despite challenges from market volatility.
Washington Trust Bancorp, Inc. (NASDAQ: WASH) announced the release date for its first-quarter 2022 earnings set for April 25, 2022, at 8:00 a.m. ET. The company will also host a conference call at 10:00 a.m. ET on the same day. Investors can participate via a toll-free number or through the company's website. The earnings report comes as Washington Trust, the oldest community bank in the U.S., manages approximately $5.9 billion in assets as of December 31, 2021.
Washington Trust has launched a Financial Literacy Initiative aimed at enhancing economic empowerment through financial education. This initiative includes $165,000 in multi-year funding for three Rhode Island nonprofits: United Way ($90,000), Entrepreneurship for All ($45,000), and Amos House ($30,000). Additionally, it offers a free web-based financial literacy program for local schools and a Financial Wellness Center on their website, featuring resources for budgeting, managing debt, and home buying.
The Board of Directors of Washington Trust Bancorp, Inc. (NASDAQ: WASH) declared a quarterly dividend of 54 cents per share for the quarter ending March 31, 2022. This dividend will be paid on April 8, 2022 to shareholders of record as of April 1, 2022. The company, founded in 1800, reported $5.9 billion in assets as of December 31, 2021, and offers diverse financial services across Rhode Island, Connecticut, and Massachusetts.
Washington Trust Bancorp (NASDAQ: WASH) announced its inaugural Environmental, Social and Governance (ESG) Report on March 15, 2022. The report outlines the Corporation's commitment to employee engagement, diversity, equity, inclusion, corporate governance, data privacy, community investment, and environmental responsibility. CEO Edward O. Handy III emphasized the goal to be a responsible corporate citizen and improve local communities. As of December 31, 2021, the company had $5.9 billion in assets, positioning itself as the oldest community bank in the U.S. and a significant financial services provider in the Northeast.
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