Washington Trust Bancorp, Inc. (WASH) Q3 FY2026 earnings

Reported results

• Net income was $19.4 million for Q3 2026, up $3.4 million or 21% from Q2 2026 (GAAP)
• Diluted earnings per share was $1.01 for Q3 2026, up $0.18 from Q2 2026 (GAAP)
• Net interest income was $44.7 million, up $2.9 million or 7% from Q2 2026 (GAAP)
• Net interest margin expanded to 2.84%, up 11 basis points from Q2 2026 (GAAP)
• Return on average equity was 13.89% for Q3 2026, compared to 11.61% for Q2 2026 (GAAP)
• Total deposits reached $5.4 billion, an all-time high, up $77.1 million from June 30, 2026

Guidance

• The Corporation expects its full-year 2026 effective tax rate to be approximately 21.5%

Notes

The release includes a non-GAAP reconciliation. Net interest income for Q3 2026 included $283 thousand of previously unrecognized second quarter interest income (equivalent to $0.01 per diluted share or 2 basis points benefit to NIM) associated with resolution of a commercial real estate office loan. A commercial real estate office loan of $22.3 million was restructured and bifurcated, resulting in $18.5 million being returned to accruing status and $3.8 million being charged off, driving the improvement in nonaccrual loans.

Price and volatility reaction

Source

The figures above come from the earnings release the company filed with the SEC on 2026-10-19 (8-K, Item 2.02). Read the original filing on sec.gov.