Washington Trust Bancorp (WASH) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #1 (Strong Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following ...

Washington Trust Bancorp (NasdaqGS:WASH) Q4 2025 Earnings call January 29, 2026 08:30 AM ET Company ParticipantsBill Wray - EVP and Chief Risk OfficerDamon DelMonte - Managing DirectorMark Fitzgibbon - Managing Director and Head of FSG ResearchNed Handy - Chairman and CEORon Ohsberg - Senior EVP and CFORoss Haberman - Money ManagerSharon Walsh - SVP and Director of Marketing and Corporate Communications.Conference Call ParticipantsLaurie Hunsicker - Senior AnalystOperatorGood morning, and welcome to Washing ...

Washington Trust Bancorp (NasdaqGS:WASH) Q4 2025 Earnings call January 29, 2026 08:30 AM ET Company ParticipantsBill Wray - EVP and Chief Risk OfficerDamon DelMonte - Managing DirectorMark Fitzgibbon - Managing Director and Head of FSG ResearchNed Handy - Chairman and CEORon Ohsberg - EVP and CFORoss Haberman - Money ManagerSharon Walsh - SVP and Director of Marketing and Corporate Communications.Conference Call ParticipantsLaurie Hunsicker - Senior AnalystOperatorGood morning, and welcome to Washington Tru ...

Financial Data and Key Metrics Changes - The company reported net income of $16 million or $0.83 per share for Q4 2025, an increase from $10.8 million or $0.56 per share in the previous quarter, representing a 41% increase year-over-year on an adjusted basis [6][8] - Net interest income reached $40.7 million, up 5% from Q3 and 24% year-over-year, with a margin of 2.56, increasing by 16 basis points from Q3 and 61 basis points year-over-year [6][7] - Non-interest income rose by 5% compared to Q3 and 15% year-over-year on an adjusted basis [8] Business Line Data and Key Metrics Changes - Wealth management revenues increased by 5%, with average assets under administration (AUA) rising by 4% quarter-over-quarter and 9% year-over-year [8] - Mortgage banking revenues totaled $3.3 million, down 7% seasonally but up 14% year-over-year, with full-year mortgage originations totaling $667 million, a 31% increase from 2024 [8][9] - Total loans increased modestly by $12 million from September 30, while in-market deposits rose by 1% from Q3 and 9% year-over-year [9][10] Market Data and Key Metrics Changes - The company experienced a normalized provision for credit losses, with non-accruing loans at 25 basis points of total loans and zero non-accruing commercial loans [10] - The effective tax rate for the full year was 22.5%, with an expectation of approximately 22% for 2026 [9] Company Strategy and Development Direction - The company is focusing on strategic investments in wealth management and commercial banking, including the hiring of a new Chief Commercial Banking Officer and the establishment of a dedicated institutional banking team [4][5] - A new branch is set to open in Pawtucket, Rhode Island, enhancing the company's presence in the northern part of the state [5] - The company aims to improve its balance sheet with high-quality commercial and industrial (C&I) loans and strong deposit opportunities [4] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the sustainability of the current margin levels, projecting an increase in the margin due to a swap termination and organic expansion [15] - The company anticipates a solid 5% year-over-year loan growth, with expectations for the C&I team to grow faster than the commercial real estate (CRE) sector [31][36] - Management remains cautious about credit quality, noting a relatively large residential portfolio and the potential for reserve adjustments [17][20] Other Important Information - Non-interest expenses totaled $38 million in Q4, up 6%, with salaries and benefits reflecting higher performance-based compensation and increased staffing [9] - The company has a remaining share authorization of 582,000 shares for buybacks, with no immediate plans to increase buybacks but remains open to capital deployment strategies [75][74] Q&A Session Summary Question: Sustainability of margin levels - Management indicated that the margin is expected to increase by 9 basis points in Q2 and 4 basis points in Q3, with organic expansion projected at 3-4 basis points per quarter [15] Question: Credit reserve levels - Management stated that the current reserve levels are adequate based on their portfolio and historical performance, with potential minor adjustments over time [17][20] Question: Wealth management opportunities - Management clarified that the focus is on the institutional banking team serving the nonprofit sector, rather than aggressive M&A activity [21] Question: Outlook on expenses - Management expects a 6% increase in expenses for Q1, driven by annual merit raises and new team investments [28] Question: Loan growth outlook - Management anticipates a 4%-5% growth in CRE and a solid 5% year-over-year growth overall, with confidence in the new commercial lending team [31][36] Question: Expansion of wealth management - Management is optimistic about expanding wealth management through new hires and strategic investments, while remaining cautious about M&A opportunities [64]

Washington Trust Bancorp (WASH) came out with quarterly earnings of $0.83 per share, beating the Zacks Consensus Estimate of $0.75 per share. This compares to earnings of $0.59 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +10.18%. A quarter ago, it was expected that this holding company for The Washington Trust Co. would post earnings of $0.46 per share when it actually produced earnings of $0.56, delivering a surprise of + ...

Exhibit 99.1 NASDAQ: WASH Media Contact: Kathleen Hart VP, Public Relations Manager Telephone: (401) 348-1495 E-mail: kahart@washtrust.com Date: January 28, 2026 FOR IMMEDIATE RELEASE FOURTH QUARTER HIGHLIGHTS (Q4 2025 vs. Q3 2025, unless otherwise noted): -1- Washington Trust Reports Strong Fourth Quarter and Full-Year 2025 Results WESTERLY, R.I., January 28, 2026 (PR NEWSWIRE)…Washington Trust Bancorp, Inc. (Nasdaq: WASH; "Washington Trust" or the "Corporation"), today reported fourth quarter 2025 net inc ...

Core Insights - Washington Trust Bancorp reported a strong financial performance for Q4 2025, with net income of $16.0 million, or $0.83 per diluted share, a significant increase from $10.8 million, or $0.56 per diluted share in Q3 2025. The full-year net income for 2025 reached $52.2 million, compared to a net loss of $28.1 million in 2024 [1][2][30]. Financial Performance - **Net Interest Income**: Increased to $40.7 million, up by $1.9 million, or 5%, with a net interest margin of 2.56%, an increase of 16 basis points [4][7]. - **Noninterest Income**: Rose to $18.5 million, an increase of $867 thousand, or 5% [5][29]. - **Noninterest Expense**: Totaled $38.0 million, up by $2.3 million, or 6%, with salaries and employee benefits increasing to $23.6 million, reflecting higher performance-based compensation [6][29]. Asset Quality - **Credit Quality Metrics**: Improved with nonaccrual loans decreasing to $12.9 million, or 0.25% of total loans, down from $14.0 million, or 0.27% [15][16]. - **Provision for Credit Losses**: Normalized to $600 thousand, a significant decrease from $6.8 million in the previous quarter [7][29]. Capital and Dividends - **Total Shareholders' Equity**: Increased to $543.6 million, up by $10.6 million, or 2% [14][19]. - **Dividends**: A quarterly dividend of $0.56 per share was declared for Q4 2025, consistent with the previous quarter [19][30]. Business Outlook - The company is positioned for sustainable growth with the addition of resources in commercial and wealth management business lines, including a dedicated institutional banking team [2].

WESTERLY, R.I., Jan. 16, 2026 /PRNewswire/ -- Washington Trust Bancorp, Inc. (NASDAQ: WASH), the publicly owned holding company of The Washington Trust Company, will release fourth quarter 2025 earnings and host a conference call with the Corporation's executives, as follows: Earnings Release:                        Wednesday, January 28, 2026, After Market Closes Conference Call:                        Thursday, January 29, 2026, 8:30 a.m. ET Participant Dial In:                      1-833-470-1 ...

Group 1 - The article does not provide any relevant content regarding company or industry insights [1]

Financial Performance - Adjusted noninterest income for Q3 2025 was $17,636,000, up from $16,272,000 in Q3 2024, representing an increase of 8.4%[191] - Adjusted noninterest expense for Q3 2025 was $35,726,000, compared to $34,504,000 in Q3 2024, reflecting an increase of 3.5%[191] - Adjusted net income for the nine months ended September 30, 2025, was $35,853,000, up from $30,424,000 in the same period of 2024, indicating a growth of 17.5%[191] - Adjusted diluted earnings per common share for Q3 2025 was $0.56, unchanged from Q3 2024, while the nine-month figure decreased slightly from $1.91 to $1.88[194] - Net income for Q3 2025 was $10.8 million, a slight decrease of 1% from $11.0 million in Q3 2024, while for the nine months, net income increased by 11% to $36.3 million from $32.7 million[213] - Adjusted net income (non-GAAP) for Q3 2025 was $10.8 million, down 1% from $11.0 million in Q3 2024, and for the nine months, it increased by 18% to $35.9 million from $30.4 million[214] Revenue and Income Sources - Total revenues for Q3 2025 were $56.5 million, a 16% increase compared to $48.5 million in Q3 2024, and for the nine months, total revenues increased by 17% to $169.8 million from $145.6 million[213] - Net interest income for Q3 2025 was $38.8 million, an increase of 20% from $32.3 million in Q3 2024, while for the nine months ended September 30, 2025, it reached $112.4 million, up 18% from $95.5 million in the same period last year[213] - Noninterest income for Q3 2025 was $17.6 million, an 8% increase from $16.3 million in Q3 2024, and for the nine months, it rose 14% to $57.4 million from $50.1 million[213] Expenses and Cost Management - The Corporation's principal noninterest expenses include salaries and employee benefits, which are critical for maintaining service quality and market share[200] - Total noninterest expense for the three months ended September 30, 2025, was $35.7 million, an increase of $1.2 million (4%) compared to $34.5 million in 2024[246] - Salaries and employee benefits, the largest component of noninterest expense, increased by $1.3 million (6%) for the three months ended September 30, 2025, compared to the same period in 2024[247] Asset and Loan Management - Total average assets as reported for Q3 2025 were $6,738,796,000, down from $7,254,566,000 in Q3 2024, a decrease of 7.1%[196] - The average balance of total loans decreased to $5.16 billion in Q3 2025 from $5.58 billion in Q3 2024, reflecting a decline of $414.2 million[218] - Total loans amounted to $5.1 billion at September 30, 2025, down by $15.3 million, or 0.3%, from the end of 2024[272] Credit Quality and Risk Management - Provision for credit losses in Q3 2025 was $6.8 million, significantly higher than $200 thousand in Q3 2024, reflecting a 3,300% increase, while for the nine months, it rose to $8.6 million from $1.4 million[213] - Total nonperforming assets decreased to $14.0 million as of September 30, 2025, down from $23.3 million at December 31, 2024, resulting in a nonperforming assets to total assets ratio of 0.21%[310] - The allowance for credit losses on loans to total loans was 0.71% as of September 30, 2025, compared to 0.82% at December 31, 2024[310] Capital and Liquidity - Total shareholders' equity increased by $33.3 million (7%) from December 31, 2024, to September 30, 2025[263] - The total risk-based capital ratio was 12.90% at September 30, 2025, up from 12.47% at December 31, 2024, indicating a well-capitalized status[358] - Total contingent liquidity increased to $1.84 billion, representing 127.1% of uninsured deposits[350] Market and Interest Rate Sensitivity - As of September 30, 2025, a 100 basis point decrease in interest rates is estimated to decrease net interest income by 2.11% for the first 12 months[370] - The total change in market value of available for sale debt securities as of September 30, 2025 is projected to be $48,209 thousand with a 100 basis point decrease in rates[374] - Interest-earning assets are expected to reprice more quickly than interest-bearing liabilities as interest rates change[371]