Washington Trust Reports Strong Fourth Quarter and Full-Year 2025 Results

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].