Core Insights - Washington Trust Bancorp reported a net income of $10.8 million for Q3 2025, a decrease from $13.2 million in Q2 2025, resulting in diluted earnings per share of $0.56 compared to $0.68 in the previous quarter [1][2]. Financial Performance - Net interest income increased to $38.8 million, up by $1.6 million or 4% from Q2 2025, with a net interest margin of 2.40%, an increase of 4 basis points from the previous quarter [3][4]. - Noninterest income rose to $17.6 million, an increase of $558 thousand or 3% from Q2 2025 [3]. - Wealth management revenues amounted to $10.4 million, up by $253 thousand or 3% from the preceding quarter, with asset-based revenues increasing by 6% [4][24]. - Mortgage banking revenues increased by 15% from Q2 2025 and 22% year-over-year, totaling $3.5 million [4][24]. Asset Quality - The provision for credit losses on loans was $7.0 million, significantly higher than $650 thousand in Q2 2025, primarily due to charge-offs of $11.3 million on two commercial loan relationships [4][8]. - Nonaccrual loans decreased to $14.0 million, or 0.27% of total loans, down from $26.1 million or 0.51% in the previous quarter [9][12]. Capital and Dividends - Total shareholders' equity increased to $533.0 million, up by $5.5 million or 1% from Q2 2025, with a book value per share of $27.98 [13][15]. - A quarterly dividend of $0.56 per share was declared, consistent with the previous quarter [14][28]. Balance Sheet Highlights - Total loans amounted to $5.1 billion, down by $18 million from the end of Q2 2025 [6][10]. - Total deposits increased to $5.2 billion, up by $178 million or 4% from the previous quarter [6][7]. - The securities portfolio totaled $962 million, a decrease of $9 million or 1% from Q2 2025 [6]. Conference Call - Washington Trust will host a conference call on October 21, 2025, to discuss Q3 results and future outlook [16].