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 has pledged $200,000 over four years to support the STAR Campaign for San Miguel School in Providence, RI. This investment will help maintain a nurturing environment and exceptional education for its students. The San Miguel School, which serves underprivileged boys, has seen a 98% high school graduation rate and an 80% college attendance rate. The STAR campaign aims to raise $5 million in total, with $4.6 million already secured, funding new educational facilities and services.
Washington Trust Bancorp reported a net income of $17.5 million, or $1.00 per diluted share, for the second quarter of 2021, down from $20.5 million, or $1.17 per diluted share, in the previous quarter. The wealth management division achieved a record $7.4 billion in assets under administration. Key financial metrics showed returns on average equity at 12.92%, down from 15.55%, while net interest income rose to $34.8 million. Residential real estate loan origination increased by 11% quarter-over-quarter, totaling $489.4 million. Despite positive growth in wealth management, noninterest income dropped by 21% to $20.6 million.
Washington Trust Bancorp, Inc. (NASDAQ: WASH) will release its second quarter 2021 earnings after market closes on July 21, 2021. A conference call with executives is scheduled for July 22, 2021, at 8:30 a.m. ET. Participants can dial in toll-free at 1-844-378-6480 or internationally at 1-412-317-1088 to join the call. For replay, the call will be available after the session until August 5, 2021. Washington Trust had $5.7 billion in assets as of March 31, 2021, making it the oldest community bank in the nation.
The Board of Directors of Washington Trust Bancorp (NASDAQ: WASH) declared a quarterly dividend of 52 cents per share for the quarter ending June 30, 2021. This dividend will be paid on July 9, 2021 to shareholders on record as of July 1, 2021. As of March 31, 2021, the company reported $5.7 billion in assets, highlighting its position as the oldest community bank in the U.S. and a leading financial services provider in the Northeast.
Washington Trust Bancorp, Inc. (NASDAQ: WASH) announced the election of Lisa M. Stanton to its Board of Directors and the Board of its subsidiary, The Washington Trust Company. With over 25 years of experience in financial services, technology, and data security, Stanton will also serve on the Audit Committees. Previously, she held senior roles at American Express and Citizens Financial Group, and she founded Monitise's U.S. division. Washington Trust, founded in 1800, is the oldest community bank in the U.S., with $5.7 billion in assets as of March 31, 2021.
On April 27, 2021, Washington Trust Bancorp, Inc. (NASDAQ: WASH) hosted its Annual Meeting of Shareholders, highlighting its strong financial performance post-COVID-19. Chairman Edward O. Handy III reported robust earnings and profitability for year-end 2020 and Q1 2021. Shareholders re-elected board members and approved key resolutions, including the creation of a new class of capital stock. Notably, Katherine W. Hoxsie retired after 30 years of service, and Lisa M. Stanton was welcomed to the board, bringing her expertise in risk management.
Washington Trust Bancorp, Inc. (WASH) reported first quarter 2021 net income of $20.5 million ($1.17 per share), up from $18.6 million ($1.07 per share) in Q4 2020. Key highlights include a 15.55% return on equity and a 1.45% return on assets. Mortgage banking revenues decreased by 15% quarter-over-quarter but rose 96% year-over-year. Wealth management revenues increased by 7%, with assets under management reaching $7.0 billion. Noninterest expense rose 2%.
The quarter saw record deposits of $4.0 billion, a 6% increase from the previous quarter.
Washington Trust Bancorp, Inc. (NASDAQ: WASH) announced its first quarter 2021 earnings release, scheduled for April 21, 2021, after market close. A conference call will follow on April 22, 2021, at 8:30 a.m. ET. Participants can join via toll-free numbers and through the corporate website. Washington Trust, with $5.7 billion in assets as of December 31, 2020, is the oldest community bank in the U.S., offering a range of financial services across the Northeast.
The Board of Directors of Washington Trust Bancorp has declared a quarterly dividend of $0.52 per share for the quarter ending March 31, 2021. The dividend is set to be paid on April 9, 2021 to shareholders on record as of April 1, 2021. As of December 31, 2020, the company reported $5.7 billion in assets, solidifying its status as the oldest community bank in the nation and the largest state-chartered bank in Rhode Island.
