Washington Trust Bancorp Inc. (WT1)
XFRA 
NASDAQ (NGS) Primary XFRA Summary
WT1 Chart
Washington Trust: Office Panic Appears Overdone
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
Washington Trust Bancorp, Inc. (WASH) Q1 2026 Earnings Call Transcript
Washington Trust (WASH) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
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.
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Washington Trust Bancorp Inc. Profile
| Banks Industry | Financials Sector | Edward Otis Handy CEO | XFRA Exchange | US9406101082 ISIN |
| US Country | 618 Employees | 1 Apr 2026 Last Dividend | 4 Aug 1998 Last Split | 18 Aug 1995 IPO Date |
Overview
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.
Products and Services
Commercial Banking:
- Commercial & Retail Lending: Offers a variety of loans including commercial real estate loans (commercial mortgages and construction loans), commercial and industrial loans, residential real estate loans (mortgage and homeowner construction loans) and consumer loans (home equity loans and lines of credit, personal installment loans, and aviation secured loans).
- Deposit Accounts: Provides a wide array of deposit services, including both interest-bearing and noninterest-bearing demand deposits, NOW and savings accounts, money market and retirement deposit accounts, and time deposits. It also offers debit card services, automated teller machine access, and digital banking services such as telephone, internet, and mobile banking, in addition to remote deposit capture and comprehensive cash management services.
Wealth Management Services:
- Investment Management: Assists clients in managing their investment portfolios, aligning with personal financial goals and risk tolerance.
- Financial Planning: Offers personalized financial planning services, aiding clients in mapping out their financial future.
- Trust and Estate Services: Includes a comprehensive suite of trust and estate solutions, such as acting as trustee, personal representative, custodian, and guardian, alongside managing the settlement of decedents' estates. Also, institutional trust services like custody and fiduciary services are provided for both personal and institutional clients.
- Broker-Dealer and Annuities: Acts as a licensed broker-dealer, offering variable annuities and college savings plans, complementing its suite of financial management and planning services.
