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), America's oldest community bank since 1800, provides investors and stakeholders with essential financial updates through this dedicated news hub. Access timely press releases, earnings reports, and strategic developments from the New England banking leader.
This resource centralizes all material announcements across WASH's commercial banking and wealth management operations. Track updates on loan portfolio performance, trust service expansions, and community initiatives while staying informed about leadership changes and regulatory filings.
Key content includes quarterly earnings disclosures, merger & acquisition activity, dividend declarations, and corporate governance updates. All information is sourced directly from company filings and official statements to ensure accuracy.
Bookmark this page for streamlined access to WASH's financial communications. Combine historical context with current developments to better understand this institution's role in regional economic growth and personal wealth management solutions.
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.
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.