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 fourth quarter 2020 net income of $18.6 million, or $1.07 per diluted share, up from $18.3 million in Q3 2020. Full-year net income reached $69.8 million for 2020, compared to $69.1 million in 2019. Mortgage banking revenues surged 220% year-over-year to a record $47.4 million. Total loans increased 8% to $4.2 billion, largely driven by PPP loans. However, the return on average equity declined to 13.51% from 14.34% in the previous year, reflecting the challenges of 2020.
Washington Trust Bancorp, Inc. (NASDAQ: WASH) will release its fourth quarter 2020 earnings on January 27, 2021, after market closes. A conference call with executives is scheduled for January 28, 2021, at 8:30 a.m. ET, accessible via a toll-free number or international dial-in option. The call will also be available through a webcast on the company’s investor relations site. Washington Trust, headquartered in Rhode Island, manages $5.8 billion in assets as of September 30, 2020, and offers diverse financial services including commercial and mortgage banking.
Washington Trust Bancorp (NASDAQ: WASH) declared a quarterly dividend of $0.52 per share for the quarter ending December 31, 2020, representing a one cent increase. This dividend will be paid on January 8, 2021 to shareholders of record as of January 4, 2021. As of September 30, 2020, the company reported $5.8 billion in assets, solidifying its position as one of the Northeast's leading financial service providers.
Washington Trust Bancorp, Inc. (NASDAQ: WASH) has initiated a stock repurchase program allowing the buyback of up to 850,000 shares, or approximately 5% of its common stock. Authorized by the Board of Directors, this program will be executed based on market conditions and regulatory considerations. As of November 30, 2020, the company had approximately 17.3 million shares outstanding. The repurchase program is set to expire on October 31, 2021, and may be modified or suspended at any time, depending on various factors.
Washington Trust Bancorp (NASDAQ: WASH) reported third-quarter 2020 net income of $18.3 million, or $1.06 per diluted share, down from $21.0 million, or $1.21 per diluted share in Q2 2020. The company experienced strong mortgage banking activity, with revenues of $12.4 million, up 155% year-over-year. Wealth management revenues rose to $9.0 million, a 4% increase from Q2 2020. However, total noninterest income decreased by 3% to $25.5 million. The loan portfolio stood at $4.3 billion, essentially flat from Q2, while in-market deposits grew by 4% to $3.7 billion.
Washington Trust Bancorp, Inc. (NASDAQ: WASH) will announce its third quarter 2020 earnings on October 19, 2020, after market closes. The subsequent conference call with executives is scheduled for October 20, 2020, at 8:30 a.m. ET. Participants can join via a toll-free call at 1-888-243-4451 or internationally at 1-412-542-4135. A replay of the call will be available until November 3, 2020. The bank, with $5.9 billion in assets as of July 31, 2020, is headquartered in Rhode Island and specializes in a full range of financial services.
The Board of Directors of Washington Trust Bancorp (NASDAQ: WASH) announced a quarterly dividend of $0.51 per share for the quarter ending September 30, 2020. This dividend will be paid on October 9, 2020 to shareholders of record as of October 1, 2020. Washington Trust Bancorp had $5.9 billion in assets as of June 30, 2020, making it the oldest community bank in the U.S. and the largest state-chartered bank in Rhode Island.
Washington Trust Bancorp, Inc. (WASH) reported a strong second quarter 2020 net income of $21.0 million, or $1.21 per diluted share, compared to $11.9 million and $0.68 per share in Q1 2020. Key highlights include a 144% increase in mortgage banking revenues, totaling $14.9 million, and record residential mortgage loan originations of $426 million. Although net interest income fell 5% to $30.9 million, and net interest margin decreased by 30 basis points, the bank remains well-capitalized amid ongoing economic uncertainty from COVID-19.
Washington Trust Bancorp, Inc. (NASDAQ: WASH) announced its second quarter 2020 earnings release scheduled for July 20, 2020, after market closes. A conference call with executives will follow on July 21, 2020, at 8:30 a.m. ET. Participants can dial in at 1-888-243-4451 (toll-free) or 1-412-542-4135 for international calls. The replay will be available from July 21, 2020, through August 4, 2020. Washington Trust boasts $5.6 billion in assets and offers various financial services across Rhode Island, Connecticut, and Massachusetts.
The Board of Directors of Washington Trust Bancorp, Inc. (NASDAQ: WASH) has declared a quarterly dividend of $0.51 per share for the quarter ending June 30, 2020. This dividend will be paid on July 10, 2020 to shareholders of record as of July 1, 2020. As of March 31, 2020, Washington Trust Bancorp reported $5.6 billion in assets, highlighting its stability as the oldest community bank in the U.S. and a leading financial services provider in the Northeast.
FAQ
What is the current stock price of Washington Tr Bancorp (WASH)?
What is the market cap of Washington Tr Bancorp (WASH)?
