Washington Trust Bancorp

Washington Trust Bancorp, Inc. operates as a bank holding company. The firm engages in the provision of financial services, including business banking, personal banking and wealth management and trust services. It operates through the following segments: Commercial Banking and Wealth Management Services. The Commercial Banking segment includes commercial, residential and consumer lending activities, mortgage banking activities, deposit generation, cash management activities and direct banking activities, which include the operation of ATMs, telephone and internet banking services and customer support and sales. The Wealth Management Services segment includes investment management, financial planning, personal trust and estate services, including services as trustee, personal representative, custodian and guardian and institutional trust services are also provided, including fiduciary services. The company was founded in 1984 and is headquartered in Westerly, RI.

Earnings data Q3 2023

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WESTERLY, R.I. , Sept. 21, 2023 /PRNewswire/ -- The Board of Directors of Washington Trust Bancorp, Inc., (NASDAQ: WASH), today declared a quarterly dividend of 56 cents per share for the quarter ending September 30, 2023.

Washington Trust Bancorp, Inc. Announces Quarterly Dividend

NEW YORK--(BUSINESS WIRE)-- #KBRA--On August 25, 2023, KBRA affirmed the senior unsecured debt rating of BBB+, the subordinated debt rating of BBB, and the short-term debt rating of K2 for Westerly, Rhode Island-based Washington Trust Bancorp, Inc. (NASDAQ: WASH) (“the company”). KBRA also affirmed the deposit and senior unsecured debt ratings of A-, the subordinated debt rating of BBB+, and the short-term deposit and debt ratings of K2 for the subsidiary, The Washington Trust Company, of Westerly. The.

KBRA Releases Surveillance Report for Washington Trust Bancorp, Inc.

CENTRAL FALLS, R.I. , Sept. 8, 2023 /PRNewswire/ -- Washington Trust's Commercial Real Estate Group recently provided $4.925 million in financing to Phoenix Central Falls Industrial Investors, LLC for the renovation and future tenant improvements of a 350,000 square foot industrial building located on Broad Street in Central Falls, R.I.

Washington Trust provides $4.925 million in financing to Phoenix Central Falls Industrial Investors, LLC

" What We Value is You" Highlights Local People, Places, and Businesses WESTERLY, R.I. , Aug. 22, 2023 /PRNewswire/ -- The Washington Trust Company ("Washington Trust"; "the Bank") today launched a marketing campaign to introduce its new brand position: "What we value is you.

Washington Trust Introduces New Brand Campaign

CHESHIRE, Conn. , Aug. 16, 2023 /PRNewswire/ -- Washington Trust's Commercial Real Estate Group recently provided $17.6 million in financing to Cheshire Industrial Owner, LLC for the acquisition of a 318,000 square foot warehouse distribution facility located at 475 Knotter Drive in Cheshire, Connecticut.

Washington Trust provides $17.6 million in financing to Cheshire Industrial Owner, LLC

WESTERLY, R.I. , Aug. 10, 2023 /PRNewswire/ -- The Washington Trust Company ("Washington Trust," "the Bank") today announced that Sandra Mazo , Mortgage Loan Officer (NMLS # 269909), has been appointed to the Executive Committee for the Women United Global Leadership Council of United Way Worldwide.

Washington Trust's Sandra Mazo Appointed to Women United Global Leadership Council of United Way Worldwide

Washington Trust still sells at a discount. Despite a higher payout ratio than normal, WASH will continue to manage its costs and maintain its dividend. Unrealized losses in debt securities should never be realized. There should be no run on deposits as WASH is not Silicon Valley Bank.

Washington Trust: No Future Dividend Cuts Likely

Washington Trust Bancorp, Inc. (NASDAQ:WASH ) Q2 2023 Earnings Conference Call July 25, 2023 8:30 AM ET Company Participants Elizabeth Eckel - Executive Vice President, Chief Marketing and Corporate Communications Officer Ned Handy - Chairman and Chief Executive Officer Mary Noons - President, Chief Operating Officer Ron Ohsberg - Senior Executive Vice President, Chief Financial Officer and Treasurer Bill Wray - Senior Executive Vice President and Chief Risk Officer Conference Call Participants Mark Fitzgibbon - Piper Sandler Damon DelMonte - KBW Operator Good morning and welcome to Washington Trust Bancorp, Inc.'s Conference Call. My name is Carla.

Washington Trust Bancorp, Inc. (WASH) Q2 2023 Earnings Call Transcript

Washington Trust Bancorp (WASH) came out with quarterly earnings of $0.66 per share, beating the Zacks Consensus Estimate of $0.58 per share. This compares to earnings of $1.14 per share a year ago.

Washington Trust Bancorp (WASH) Q2 Earnings and Revenues Top Estimates

WESTERLY, R.I. , July 24, 2023 /PRNewswire/ -- Washington Trust Bancorp, Inc. (Nasdaq: WASH), parent company of The Washington Trust Company, today announced second quarter 2023 net income of $11.3 million, or $0.66 per diluted share, compared to net income of $12.8 million, or $0.74 per diluted share, for the first quarter of 2023.

Washington Trust Reports Second Quarter 2023 Earnings

WESTERLY, R.I. , July 19, 2023 /PRNewswire/ -- The Washington Trust Company ("Washington Trust"; "the Bank") announced that the Washington Trust Charitable Foundation has pledged a total of $200,000 towards San Miguel School of Providence ("School") Star Campaign, a capital campaign with a goal of $6 million.

Washington Trust Supports San Miguel School's Capital Campaign

EAST PROVIDENCE, R.I. , July 12, 2023 /PRNewswire/ -- Washington Trust's Commercial Real Estate Group recently provided $30 million in financing to Newport Apartments, LLC for the construction of a 142-unit apartment building in East Providence, R.I.

Washington Trust provides $30 million in financing to Newport Apartments, LLC

WESTERLY, R.I. , July 10, 2023 /PRNewswire/ -- Washington Trust Bancorp, Inc. (NASDAQ: WASH), the publicly owned holding company of The Washington Trust Company, will release second quarter 2023 earnings and host a conference call with the Corporation's executives as follows: Earnings Release: Monday, July 24, 2023, After Market Closes Conference Call:                        Tuesday, July 25, 2023, 8:30 a.m.

Washington Trust Announces Date of Second Quarter 2023 Earnings Release, Conference Call and Webcast

DOVER, N.H., June 22, 2023 /PRNewswire/ -- Washington Trust's Commercial Real Estate Group recently provided $7.4 million in financing to 44 Industrial Drive Owner, LLC, an affiliate of RJ Kelly (RJK), for the purchase of an 80,000 square foot, fully leased industrial property located at 44 Industrial Drive in Dover, N.H.

Washington Trust provides $7.4 million in financing to 44 Industrial Drive Owner, LLC

Recognized as Best Bank in Rhode Island by Independent Consumer Survey WESTERLY, R.I. , June 21, 2023 /PRNewswire/ -- The Washington Trust Company ("Washington Trust"; "the Bank") today announced that the Bank has been selected to the Forbes list of Best-In-State Banks 2023.

Forbes Selects Washington Trust to the Best-In-State Banks 2023 List

Affordable Apartments House Women and Children WESTERLY, R.I. , June 14, 2023 /PRNewswire/ -- The Washington Trust Company ("Washington Trust"; "the Bank") today announced that the Washington Trust Charitable Foundation donated $20,000 to McAuley Ministries to fund renovations of two apartments at McAuley Village in Providence, RI.

Washington Trust Donation Funds McAuley Village Renovations

Thirteenth Straight Year Bank Recognized for Workplace Excellence WESTERLY, R.I. , June 13, 2023 /PRNewswire/ -- The Washington Trust Company ("Washington Trust"; "the Bank") today announced the Bank received the "Best Places to Work Award" in Rhode Island by Providence Business News ("PBN").

Washington Trust Receives Top Award for Best Places to Work in RI

Bank Expands Solutions for Ocean State Homebuyers WESTERLY, R.I. , June 6, 2023 /PRNewswire/ -- The Washington Trust Company ("Washington Trust"; "the Bank") today announced that the Bank has recently enhanced its  RI Community Lending Program  by adding two new solutions for potential homeowners in the Ocean State.

Washington Trust Announces Enhanced RI Community Lending Program

TRUMBULL, Conn. , June 5, 2023 /PRNewswire/ -- Washington Trust's Commercial Real Estate Group recently provided $1.527 million in financing to 140 Corporate Drive Investors, LLC for the acquisition of a 17,796 square foot single-tenant industrial property located in Trumbull, Conn.

Washington Trust provides $1.527 million in financing to 140 Corporate Drive Investors, LLC

WESTERLY, R.I. , May 23, 2023 /PRNewswire/ -- The Washington Trust Company ("Washington Trust"; "the Bank") today announced that the Bank was once again selected by Newsweek to the annual list of "America's Best Small Banks 2023" for the State of Rhode Island.

Newsweek Selects Washington Trust as "America's Best Small Bank 2023" in Rhode Island for Second Straight Year

TAUNTON, Mass. , May 16, 2023 /PRNewswire/ -- Washington Trust's Commercial Real Estate Group recently provided $3.9 million in financing to a Berkeley Partners entity for the acquisition of an 34,236 square foot, fully leased industrial property located at 75 John Hancock Road in Taunton, Mass.

Washington Trust provides $3.9 million in financing to BPVIF V Holdings 37, LLC

EAST HARTFORD, Conn. , May 1, 2023 /PRNewswire/ -- Washington Trust's Commercial Real Estate Group recently provided $2.2 million in financing to BHD 12-14 Realty, LLC secured by an 81,250 square foot industrial property located at 12-14 Eastern Park Road in East Hartford, Conn.

Washington Trust provides $2.2 million in financing to BHD 12-14 Realty, LLC

First-quarter earnings fell, in part because of higher deposit costs. One major analyst downgraded the stock to underweight.

Why Washington Trust Stock Fell 13% This Week

WESTERLY, R.I. , April 27, 2023 /PRNewswire/ -- Washington Trust Bancorp, Inc. (NASDAQ:  WASH; "Washington Trust" or "the Corporation"), the bank holding company for The Washington Trust Company, recently held its virtual Annual Meeting of Shareholders for the year ended December 31, 2022.

Washington Trust Bancorp, Inc.'s Annual Meeting of Shareholders

WESTERLY, R.I. , April 26, 2023 /PRNewswire/ -- The Washington Trust Company today announced Rolando Lora  has been appointed Executive Vice President and Chief Retail Lending Officer.

News for Washington Trust Bancorp Stock (WASH)