Washington Trust Q2 FY26 net income rises 26.8% to $15.98 million; NIM widens to 2.73%

Reuters2026/07/20 20:08

By:Reuters

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Washington Trust posted Q2 2026 net income of $16 million, up 26.8% from Q1; diluted EPS rose to $0.83 from $0.66.
Net interest margin widened 0.10 percentage point to 2.73%; net interest income increased 3.2% to $41.8 million.
Noninterest income climbed 7.9% to $18.7 million; wealth management revenue rose 5.2% to $11.2 million, mortgage banking revenue increased 14.1% to $3.5 million.
Provision for credit losses fell to $1.6 million from $4 million; total loans grew 1.8% to $5.1 billion, deposits increased 3.8% to $5.36 billion.
CEO Edward O. “Ned” Handy III cited institutional banking strength; deferred hedge-loss amortization ended May 1, lifting net interest income by $1.4 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Washington Trust Bancorp Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: NE07355) on July 20, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Washington Trust Q2 FY26 net income rises 26.8% to $15.98 million; NIM widens to 2.73%

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