Washington Trust Q3 2026 net income rises 21% to $19.4 million
Washington Trust Bancorp reported unaudited third quarter 2026 net income of $19.4 million, or $1.01 per diluted share, up from $15.98 million and $0.83 per diluted share in the second quarter. Results were driven by higher net interest income, a net interest margin of 2.84%, and improved asset quality after a commercial real estate office loan was resolved. Shareholders also received a 56-cent quarterly dividend.
Key points
- Net income was $19.4 million for Q3 2026, up 21% from Q2 2026 and up $8.5 million from Q3 2025.
- Diluted earnings per share were $1.01, compared with $0.83 in Q2 2026 and $0.56 in Q3 2025.
- Net interest margin rose to 2.84%, up 11 basis points from the prior quarter, and nonaccrual loans fell to $24.5 million from $39.8 million.
- Book value per share declined to $27.82 from $29.02, as accumulated other comprehensive loss increased to $109.8 million.
The filing
Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 19, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.