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) is the parent of The Washington Trust Company, a community bank founded in 1800 and recognized by the company as the oldest community bank in the United States. From its base in Westerly, Rhode Island, Washington Trust offers commercial banking, mortgage banking, personal banking, and wealth management and trust services through offices in Rhode Island, Connecticut, and Massachusetts.
This news page aggregates coverage of Washington Trust’s key corporate developments and financial updates. Readers can follow announcements from the holding company and the Bank, including quarterly earnings results, dividend declarations by the Board of Directors, and information on capital management actions such as stock repurchase activity disclosed in SEC filings and press releases.
Because Washington Trust combines commercial banking with a significant wealth management business, its news flow often includes items on commercial real estate financing transactions, business banking initiatives, and expansions of its wealth management team and capabilities. The Bank also reports on branch openings and regional expansion within New England, as well as technology enhancements to its business banking and payment solutions.
In addition, Washington Trust regularly issues updates related to its long operating history, community engagement, and milestones as a Rhode Island‑based financial institution. Investors, customers, and community members can use this page to review historical and recent news about Washington Trust Bancorp (WASH) and The Washington Trust Company, including corporate announcements, operational highlights, and other material events described in company communications.
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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Washington Trust Bancorp, Inc. (NASDAQ: WASH) announced that its 2022 Annual Meeting of Shareholders will be held virtually on April 26, 2022, at 11:00 a.m. ET. Shareholders of record as of March 1, 2022, can attend and vote. The announcement emphasizes the company’s commitment to transparency and shareholder engagement. Washington Trust Bancorp reported assets of $5.9 billion as of December 31, 2022, highlighting its position as the oldest community bank in the U.S. and a leading financial services provider in the Northeast.
Washington Trust Bancorp, Inc. (NASDAQ: WASH) announced the election of Joseph P. Gencarella and Alimamy D. Jabbie, Jr. to its Board of Directors effective March 1, 2022. Gencarella, a former Audit Partner at KPMG, brings over 35 years of industry experience, while Jabbie, current CEO of Banneker Supply Chain Solutions, has a strong background in management and advocacy for underserved communities. This strategic addition aims to enhance diverse experiences and skills within the board, as noted by Edward O. Handy III, the bank's Chairman and CEO.
Washington Trust Bancorp, Inc. (WASH) reported a fourth quarter 2021 net income of $20.2 million ($1.15 per diluted share), up from $18.8 million in Q3 2021. For the full year, net income totaled $76.9 million ($4.39 per diluted share), a rise from $69.8 million in 2020. Key highlights include record wealth management revenues of $10.5 million in Q4 and $41.3 million for the year, alongside a record AUA of $7.8 billion. Notable financial metrics show a 14.34% return on average equity for Q4 and a 2.71% net interest margin. The company also declared a quarterly dividend of 54 cents per share.
Washington Trust Bancorp, Inc. (NASDAQ: WASH) announced the schedule for its fourth quarter 2021 earnings release, set for January 26, 2022, after market closes. A conference call with executives will follow on January 27, 2022, at 8:30 a.m. ET. Investors can participate via toll-free dial-in or listen to a webcast on the company's website. A teleconference replay will be available from January 27 through February 26, 2022. The company, with $6.0 billion in assets as of September 30, 2021, offers a full range of financial services across Rhode Island, Connecticut, and Massachusetts.
The Board of Directors of Washington Trust Bancorp has announced a quarterly dividend of 54 cents per share for the quarter ending December 31, 2021, marking a two-cent increase over the previous dividend rate. This increase signifies the eleventh consecutive year of dividend growth. Shareholders on record by January 3, 2022, will receive payment on January 7, 2022.
As of September 30, 2021, the company held $6.0 billion in assets, continuing its legacy as the oldest community bank in the U.S.
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