Washington Trust Bancorp is rated a "Buy" after a sharp 17% sell-off driven by CRE credit concerns. Q1 results were mixed: NIM improved to 2.63%, but two large office loans moved to nonaccrual, raising credit quality fears. Market reaction appears outsized, pricing in broad office loan distress despite WASH's strong 12% CET1 capital ratio and manageable loss capacity.
Washington Trust Bancorp, Inc. (WASH) Q1 2026 Earnings Call Transcript
Although the revenue and EPS for Washington Trust (WASH) give a sense of how its business performed in the quarter ended March 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| AS Alexandra Stickelman Root Financial Partners, LLC | 38 | $1,271 | $1,199.28 | -$71.72 | -5.64% |
| CCP Christopher C. Powers Farther Finance Advisors, LLC | 130 | $3,808.55 | $4,102.8 | $294.25 | 7.73% |
| SAM Smartleaf Asset Management LLC Smartleaf Asset Management LLC | 438 | $13,304.88 | $13,823.28 | $518.4 | 3.9% |
| JWM JPL Wealth Management LLC JPL Wealth Management, LLC | 1 | $34 | $31.56 | -$2.44 | -7.18% |
| JL Jeffrey Liguori NAPATREE CAPITAL LLC | 55,773 | $1.8M | $1.76M | -$43,538.58 | -2.41% |
| Banks Industry | Financials Sector | Edward Otis Handy CEO | NASDAQ (NGS) Exchange | 940610108 CUSIP |
| US Country | 618 Employees | 1 Apr 2026 Last Dividend | 4 Aug 1998 Last Split | 18 Aug 1995 IPO Date |
Washington Trust Bancorp, Inc. serves as the parent holding company for The Washington Trust Company, based in Westerly, Rhode Island. Established in 1800, it is distinguished by its long heritage and commitment to providing a full range of banking and financial services to both individual and business clients. The company differentiates itself through its dual-segment operation, focusing on Commercial Banking and Wealth Management Services. With an extensive presence, it maintains branches throughout southern Rhode Island, the greater Providence area, and southeastern Connecticut, ensuring a wide-reaching service network. Washington Trust Bancorp, Inc. combines historical banking practices with modern financial solutions, aligning tradition and innovation to meet the evolving needs of its clients.
Commercial Banking:
Wealth Management Services: