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. reports developments for a publicly owned bank holding company whose subsidiary, The Washington Trust Company, provides commercial banking, mortgage banking, personal banking and wealth management services in Rhode Island, Connecticut and Massachusetts. Recurring news covers quarterly earnings, net interest margin, deposits, lending activity, asset quality, capital ratios and dividends.
Company updates also include commercial and institutional banking expansion, services for education, healthcare, nonprofit and cultural organizations, leadership and board changes, annual shareholder meeting matters and digital banking capabilities.
Washington Trust (WASH), the nation's oldest community bank, is celebrating its 225th anniversary in 2025. The bank has announced several initiatives to mark this milestone, including a special birthday logo and a "225 Community Checking" campaign running through August 2025. New checking account customers can trigger a $25 donation to one of 12 selected nonprofit organizations and receive a $200 bonus for themselves.
Founded on August 22, 1800, in Westerly, RI, Washington Trust has grown to 28 retail banking branches across Rhode Island and Mystic, Connecticut, with additional mortgage lending and wealth management offices in Rhode Island, Massachusetts, and Connecticut. The celebration will culminate with bank executives ringing the NASDAQ closing bell on August 22nd, 2025.
Washington Trust (WASH) has strengthened its retail banking business development team with the appointment of three experienced Business Banking Relationship Officers. The new team members - Marcus Charlemagne, Armen Janigian, and Peter Renden - will collaborate with the bank's retail branch network to provide tailored financial solutions to local businesses.
Marcus Charlemagne, a Washington Trust veteran since 2015, previously served as VP and Branch Manager. Armen Janigian brings over 40 years of banking industry experience, joining the bank in 2023. Peter Renden contributes more than 15 years of local and regional banking expertise, specializing in cash management systems and consumer lending.
Washington Trust announces free Community Shred Days across Rhode Island locations in June 2025, demonstrating its commitment to identity protection and environmental sustainability.
The events will be held on two Saturdays:
- June 7th (10am-noon): Locations in North Kingstown, Westerly, and Coventry
- June 14th (10am-noon): Locations in Barrington and Smithfield
Community members can bring up to two boxes of sensitive documents, including paper materials, DVDs, CDs, cassette tapes, and floppy discs. No need to remove staples, rubber bands, folders, or paper clips. While the service is free, the bank is partnering with Amenity Aid to collect hygiene product donations, supporting their mission to combat hygiene poverty in Rhode Island.
This initiative aligns with Washington Trust's broader strategy to promote data security, identity protection, and environmental responsibility in the communities they serve.
Washington Trust Bancorp (NASDAQ: WASH) reported Q1 2025 net income of $12.2 million, or $0.63 per diluted share. The quarter included a $7.0 million pre-tax gain from sale-leaseback transactions of five branch locations and a $6.4 million pre-tax pension plan settlement charge.
Key Q1 2025 metrics include:
- Net interest margin improved to 2.29%, up 34 basis points from Q4 2024
- Total loans decreased 1% to $5.1 billion
- In-market deposits grew 4% to $5.0 billion
- Wealth management revenues declined 2% with assets under administration at $6.8 billion
- Mortgage banking revenues decreased 19%
Asset quality metrics showed nonaccrual loans at 0.42% of total loans, with the allowance for credit losses at 0.81%. The Board declared a quarterly dividend of $0.56 per share.
Washington Trust (WASH) has announced the results of its 25th Annual Peanut Butter Drive, reporting a significant 68% increase in donations compared to the previous year. The 2025 drive collected 4,710 jars of peanut butter and over $6,100 in monetary donations to support food banks and hunger relief agencies across the Bank's operational area.
Throughout its 25-year history, the initiative has accumulated more than 166 tons of peanut butter, equivalent to making over 5.2 million sandwiches. The donations will benefit multiple food bank partners including the Rhode Island Community Food Bank, Connecticut Foodshare, and the Greater Boston Food Bank, along with numerous local hunger relief agencies.
Washington Trust Bancorp (NASDAQ: WASH) has scheduled its first quarter 2025 earnings release and conference call. The earnings will be released on Monday, April 21, 2025 at 8:00 a.m. ET, followed by a conference call with executives at 10:00 a.m. ET.
Investors can access the conference call through the toll-free number 1-833-470-1428 using access code 572620. International dial-in numbers will be available. The event will also be webcast through the company's investor relations website. A replay of the teleconference will remain accessible until Monday, May 5, 2025 via 1-866-813-9403 with access code 256173.
Washington Trust (WASH) celebrated its employee achievements at their annual Employee Fest, recognizing seven outstanding employees for leadership, teamwork, and community service. The Washington Trust Charitable Foundation made donations totaling $7,000 to local nonprofit organizations chosen by the award winners.
The company highlighted that its employees volunteered over 8,100 hours with more than 225 local nonprofit and community organizations in 2024. The celebration included the presentation of the Spirit of Washington Trust Award for customer service excellence, the Community Service Award for extraordinary voluntary community service, and the Stella NOVA (New Outstanding Volunteer Award).
Washington Trust Bancorp (NASDAQ: WASH) has announced its quarterly dividend declaration for Q1 2025. The company's Board of Directors has declared a dividend of $0.56 per share for the quarter ending March 31, 2025.
The dividend will be distributed to shareholders on April 11, 2025, with the record date set for April 1, 2025. This announcement represents the company's commitment to returning value to its shareholders through regular dividend payments.