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 (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.
Washington Trust Bancorp (NASDAQ: WASH) has announced that its 2025 Annual Meeting of Shareholders will be conducted in a virtual format on April 22, 2025 at 11:00 a.m. ET. The bank holding company for The Washington Trust Company has set the shareholder record date as February 25, 2025, meaning shareholders who held stock as of this date will be eligible to attend and vote at the annual meeting.
Further details about the meeting proceedings will be included in the company's upcoming proxy statement.
Washington Trust employees have assembled and donated 35 'Welcome Home Kits' valued at over $4,000 to support Crossroads Rhode Island clients transitioning from homelessness to stable housing. More than 100 employees, including top executives, participated in this initiative. The kits contain essential personal care items and household supplies for new apartment residents.
Additionally, the company has pledged a $50,000 grant to support Crossroads' 'Roads to Home' capital campaign, which aims to create nearly 300 affordable permanent supportive apartments for formerly homeless adults across three buildings in Providence.
Washington Trust Bancorp (NASDAQ: WASH) reported a Q4 2024 net loss of $60.8 million (-$3.46 per diluted share), primarily due to balance sheet repositioning transactions. Excluding these transactions, adjusted net income was $10.4 million ($0.59 per diluted share).
The company completed several strategic actions in December 2024: a public offering of 2.2 million shares raising $70.5 million, sale of debt securities resulting in a $31 million pre-tax loss, and sale of residential mortgage loans leading to a $62.9 million pre-tax loss. These moves aimed to support organic growth and capital generation.
Key Q4 metrics include: net interest margin improved to 1.95%, wealth management revenues increased 1%, and assets under administration reached $7.1 billion. Total loans decreased 7% to $5.1 billion, while in-market deposits grew 1% to $4.8 billion. The company maintained a total risk-based capital ratio of 12.47% and declared a quarterly dividend of $0.56 per share.
Washington Trust Bancorp (NASDAQ: WASH) has announced its schedule for the fourth quarter 2024 earnings release and conference call. The company will release its earnings after market close on Wednesday, January 29, 2025, followed by a conference call with executives on Thursday, January 30, 2025 at 8:30 a.m. ET.
Participants can join the call through a toll-free number (1-833-470-1428) or international dial-in options. The conference call will also be accessible via webcast on the company's investor relations website. A replay of the teleconference will be available until February 13, 2025, accessible through a toll-free number (1-866-813-9403).
Washington Trust has announced charitable contributions and in-kind donations to 40 local nonprofit organizations during the 2024 holiday season. The Washington Trust Charitable Foundation distributed $18,000 in grants, providing $1,000 each to 18 hunger relief agencies throughout Rhode Island to support food distribution efforts.
Additionally, employees from various Washington Trust branches and departments collaborated with 22 different nonprofits and community efforts, providing toys, gifts, gift cards, and other items to support holiday gift-giving programs. The initiative demonstrates the company's commitment to supporting basic needs and family services in local communities.
Washington Trust Bancorp (WASH) announced balance sheet repositioning transactions to enhance profitability and support organic growth. The Bank is selling approximately $409 million of available-for-sale debt securities yielding 2.65% and $345 million in residential mortgage loans with a 3.03% rate. The Bank has reinvested $378 million into debt securities yielding 5.30% and plans to pay down $352 million of wholesale funding at 4.50% rate.
The transactions will result in a $70 million net after-tax loss in Q4 2024, funded by previously raised capital through equity offering. While causing a net loss for Q4 and full-year 2024, management expects improved profitability in 2025 and beyond.
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