Key Highlights

  • Washington Trust's $0.56 quarterly dividend goes ex-dividend October 1, 2026 and is payable October 9 to shareholders of record.
  • Second-quarter net income was $16.0 million, or $0.83 per diluted share, up $2.7 million year over year.
  • Net interest margin was 2.73%, up 10 basis points sequentially and 37 basis points year over year.
  • Return on average equity was 11.61%, return on average assets was 0.99%, and CET1 was 11.89%.

Overview

Washington Trust Bancorp, Inc.'s (NASDAQ:WASH) $0.56 quarterly dividend, declared September 17, 2026, yields 5.90% and matches the $0.56 paid July 10. Second-quarter net income was $0.83 per diluted share, and book value per share was $29.02. The CET1 ratio was 11.89%.

Dividend Program and Shareholder Returns

Washington Trust's board declared a regular quarterly dividend of $0.56 per share on September 17, 2026, payable October 9 to shareholders of record on October 1. The second-quarter dividend was also $0.56, paid July 10 to shareholders of record July 1.

The latest filings identify no special or supplemental common dividend. Dividend declarations remain subject to board approval.

About the Company

Washington Trust Bancorp is the parent of The Washington Trust Company, a regional bank serving Rhode Island and surrounding New England markets, with total assets of $6.5 billion at June 30, 2026. Activities include commercial and residential banking, wealth management and mortgage banking. Performance depends on loan growth, deposit pricing, net interest margin, credit quality and capital levels.

Financial Performance Behind the Payout

Washington Trust reported second-quarter net income of $16.0 million, or $0.83 per diluted share, up $2.7 million from a year earlier. Return on average equity was 11.61% and return on average assets was 0.99%. Book value per share was $29.02.

The net interest margin was 2.73%, up 10 basis points sequentially and 37 basis points year over year. Net interest income increased $4.6 million, or 12%, year over year.

Loans increased 2% from March 31 and deposits increased 4%. Deposits were $314 million, or 6%, above June 2025.

Funding and Capital Behind the Quarter

Federal Home Loan Bank advances totaled $456 million, down 54% year over year. Contingent liquidity was $2.1 billion at June 30. The CET1 ratio was 11.89%.

Institutional banking contributed to commercial and industrial loan growth and deposits. Wealth management revenue increased 5% and mortgage banking revenue increased 14%.

Deposit pricing, loan growth, credit quality and net interest margin are the variables the company identifies as most relevant to its results.

Outlook

Washington Trust reports net interest margin, loan and deposit growth, Federal Home Loan Bank advances and the CET1 ratio each quarter. In the second quarter these were 2.73%, loan growth of 2% from March 31, advances of $456 million and 11.89%, and deposits were $314 million above June 2025.