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) has received the Exemplary Worksite Health Award from Blue Cross & Blue Shield of Rhode Island and the Greater Providence Chamber of Commerce for the ninth consecutive year. The bank was among nearly 50 Rhode Island businesses recognized for their commitment to employee wellness programs.
The company's comprehensive well-being program, spanning over two decades, supports physical, emotional, and financial health through various initiatives including discounted medical premiums and financial planning resources. Washington Trust also promotes workplace inclusivity through employee resource groups such as Pride, ¡Somos!, Unity, and Ascend, consistently achieving high satisfaction ratings in annual culture surveys.
Washington Trust Bancorp (NASDAQ:WASH) reported Q2 2025 net income of $13.2 million, or $0.68 per diluted share, up from $12.2 million ($0.63 per share) in Q1 2025. Key highlights include a net interest margin increase to 2.36%, up 7 basis points from Q1, and total loans of $5.1 billion, up 1% from March 31.
The bank saw positive growth across multiple segments: wealth management revenues increased 2% quarter-over-quarter, mortgage banking revenues rose 32%, and in-market deposits grew to $5.0 billion, up 9% year-over-year. Asset quality metrics showed nonaccrual loans at 0.51% of total loans, while maintaining a strong capital position with a total risk-based capital ratio of 13.06%.
Washington Trust (NASDAQ:WASH) has donated 1,667 personal hygiene items to Amenity Aid, a Rhode Island-based non-profit organization, as part of its Community Shred Days initiative. The donation was collected during free document shredding events held across multiple locations in Rhode Island.
Since initiating this annual event in 2022, Washington Trust has accumulated 6,321 hygiene items and raised $1,200 for Amenity Aid. The initiative addresses hygiene poverty, which affects 38% of Rhode Islanders. The events were conducted at various branch locations including Barrington, Coventry, North Kingstown, Smithfield, and Westerly.
Washington Trust Bancorp (NASDAQ: WASH) has scheduled its second quarter 2025 earnings release and conference call. The company will release its Q2 2025 earnings on Monday, July 21, 2025, after market close, followed by a conference call with executives on Tuesday, July 22, 2025, at 8:30 a.m. ET.
Investors can access the conference call via toll-free dial-in or through a webcast on the company's investor relations website. A replay of the teleconference will be available until Tuesday, August 5, 2025.
Washington Trust Wealth Management (NASDAQ:WASH) has announced three strategic appointments to strengthen its team and enhance client services. The firm has appointed J. Carson Coyle as Director of Client Experience, Brian Davies as Senior Wealth Advisor, and James C. Maynard as Senior Private Client Advisor.
As a division of The Washington Trust Company, which is celebrating its 225th anniversary, Washington Trust Wealth Management manages $6.8 billion in assets under administration. The firm, which began offering trust services in 1904, focuses on providing customized financial planning, investment management, and full fiduciary services to individuals, families, foundations, endowments, municipalities, and businesses.
Washington Trust (NASDAQ:WASH) has been named Rhode Island's Best-In-State Bank by Forbes for the seventh consecutive year in 2025, marking their third straight year at #1. The recognition comes from Forbes' annual evaluation conducted with Statista, based on surveys of over 26,000 U.S. consumers.
The assessment criteria included customer satisfaction, trust, fees, digital services, and financial advice. Chairman and CEO Edward O. "Ned" Handy III highlighted the bank's 225-year history of delivering exceptional banking experiences through a combination of innovative technology and personalized service.
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.