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 reported a net income of $17.5 million, or $1.00 per diluted share, for the second quarter of 2021, down from $20.5 million, or $1.17 per diluted share, in the previous quarter. The wealth management division achieved a record $7.4 billion in assets under administration. Key financial metrics showed returns on average equity at 12.92%, down from 15.55%, while net interest income rose to $34.8 million. Residential real estate loan origination increased by 11% quarter-over-quarter, totaling $489.4 million. Despite positive growth in wealth management, noninterest income dropped by 21% to $20.6 million.
Washington Trust Bancorp, Inc. (NASDAQ: WASH) will release its second quarter 2021 earnings after market closes on July 21, 2021. A conference call with executives is scheduled for July 22, 2021, at 8:30 a.m. ET. Participants can dial in toll-free at 1-844-378-6480 or internationally at 1-412-317-1088 to join the call. For replay, the call will be available after the session until August 5, 2021. Washington Trust had $5.7 billion in assets as of March 31, 2021, making it the oldest community bank in the nation.
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The Board of Directors of Washington Trust Bancorp (NASDAQ: WASH) declared a quarterly dividend of 52 cents per share for the quarter ending June 30, 2021. This dividend will be paid on July 9, 2021 to shareholders on record as of July 1, 2021. As of March 31, 2021, the company reported $5.7 billion in assets, 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 Lisa M. Stanton to its Board of Directors and the Board of its subsidiary, The Washington Trust Company. With over 25 years of experience in financial services, technology, and data security, Stanton will also serve on the Audit Committees. Previously, she held senior roles at American Express and Citizens Financial Group, and she founded Monitise's U.S. division. Washington Trust, founded in 1800, is the oldest community bank in the U.S., with $5.7 billion in assets as of March 31, 2021.
On April 27, 2021, Washington Trust Bancorp, Inc. (NASDAQ: WASH) hosted its Annual Meeting of Shareholders, highlighting its strong financial performance post-COVID-19. Chairman Edward O. Handy III reported robust earnings and profitability for year-end 2020 and Q1 2021. Shareholders re-elected board members and approved key resolutions, including the creation of a new class of capital stock. Notably, Katherine W. Hoxsie retired after 30 years of service, and Lisa M. Stanton was welcomed to the board, bringing her expertise in risk management.
Washington Trust Bancorp, Inc. (WASH) reported first quarter 2021 net income of $20.5 million ($1.17 per share), up from $18.6 million ($1.07 per share) in Q4 2020. Key highlights include a 15.55% return on equity and a 1.45% return on assets. Mortgage banking revenues decreased by 15% quarter-over-quarter but rose 96% year-over-year. Wealth management revenues increased by 7%, with assets under management reaching $7.0 billion. Noninterest expense rose 2%.
The quarter saw record deposits of $4.0 billion, a 6% increase from the previous quarter.
Washington Trust Bancorp, Inc. (NASDAQ: WASH) announced its first quarter 2021 earnings release, scheduled for April 21, 2021, after market close. A conference call will follow on April 22, 2021, at 8:30 a.m. ET. Participants can join via toll-free numbers and through the corporate website. Washington Trust, with $5.7 billion in assets as of December 31, 2020, is the oldest community bank in the U.S., offering a range of financial services across the Northeast.
The Board of Directors of Washington Trust Bancorp has declared a quarterly dividend of $0.52 per share for the quarter ending March 31, 2021. The dividend is set to be paid on April 9, 2021 to shareholders on record as of April 1, 2021. As of December 31, 2020, the company reported $5.7 billion in assets, solidifying its status as the oldest community bank in the nation and the largest state-chartered bank in Rhode Island.
Washington Trust Bancorp, Inc. (NASDAQ: WASH) announced its 2021 Annual Meeting of Shareholders will be held via live webcast on April 27, 2021, at 11:00 a.m. ET due to the ongoing pandemic. Shareholders of record by March 2, 2021, are eligible to attend and vote. As of December 31, 2020, the company holds $5.7 billion in assets and is recognized as the oldest community bank in the U.S. and the largest state-chartered bank in Rhode Island, offering a range of financial services across multiple states.
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